10-Q Filing

BEMIS CO INC CIK: 11199 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000011199-17-000022`
Period End Date	20170331
Filing Date	20170428
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	bms-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 33 Cash Flow Statement 54 Stockholders Equity 25 Comprehensive Income 12

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Common stock, shares issued	`CommonStockSharesIssued`	129.10M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	128.80M	shares	Point-in-time
Common stock held in treasury, shares	`TreasuryStockShares`	37.10M	shares	Point-in-time
Common stock held in treasury, shares	`TreasuryStockShares`	36.10M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.20M	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$461.90M	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$475.70M	USD	Point-in-time
Inventories	`InventoryNet`	$549.40M	USD	Point-in-time
Inventories	`InventoryNet`	$580.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$89.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$80.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.20B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.17B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.28B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.30B	USD	Point-in-time
Goodwill	`Goodwill`	$1.04B	USD	Point-in-time
Goodwill	`Goodwill`	$1.03B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$155.20M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$152.30M	USD	Point-in-time
Deferred charges and other assets	`OtherAssetsNoncurrent`	$82.40M	USD	Point-in-time
Deferred charges and other assets	`OtherAssetsNoncurrent`	$90.90M	USD	Point-in-time
Total other long-term assets	`AssetsNoncurrent`	$1.28B	USD	Point-in-time
Total other long-term assets	`AssetsNoncurrent`	$1.27B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.78B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.72B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.10M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$2.00M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$14.40M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$15.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$378.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$449.80M	USD	Point-in-time
Employee-related liabilities	`AccruedSalariesCurrent`	$68.20M	USD	Point-in-time
Employee-related liabilities	`AccruedSalariesCurrent`	$79.60M	USD	Point-in-time
Accrued income and other taxes	`TaxesPayableCurrent`	$31.20M	USD	Point-in-time
Accrued income and other taxes	`TaxesPayableCurrent`	$43.70M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$47.30M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$70.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$576.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$625.50M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$1.53B	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$1.54B	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$227.30M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$219.70M	USD	Point-in-time
Other liabilities and deferred credits	`OtherLiabilitiesNoncurrent`	$132.40M	USD	Point-in-time
Other liabilities and deferred credits	`OtherLiabilitiesNoncurrent`	$127.50M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.52B	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.46B	USD	Point-in-time
Common stock issued	`CommonStockValue`	$12.90M	USD	Point-in-time
Common stock issued	`CommonStockValue`	$12.90M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$577.40M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$581.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.36B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.34B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-509.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-462.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-447.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-415.80M	USD	Point-in-time
Common stock held in treasury	`TreasuryStockValue`	$1.23B	USD	Point-in-time
Common stock held in treasury	`TreasuryStockValue`	$1.28B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.21B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$3.72B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$3.78B	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$995.40M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$967.90M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$759.10M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$797.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$197.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$208.80M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$94.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$99.40M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$12.50M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$11.50M	USD	1 Quarter
Restructuring and acquisition-related costs	`Restructuringandacquisitionrelatedcosts`	$4.40M	USD	1 Quarter
Restructuring and acquisition-related costs	`Restructuringandacquisitionrelatedcosts`	$800.00K	USD	1 Quarter
Other Operating Income (Expense), Net	`OtherOperatingIncomeExpenseNet`	$2.30M	USD	1 Quarter
Other Operating Income (Expense), Net	`OtherOperatingIncomeExpenseNet`	$3.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$99.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$89.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.40M	USD	1 Quarter
Other non-operating (income) expense, net	`NonoperatingIncomeExpense`	$-100.00K	USD	1 Quarter
Other non-operating (income) expense, net	`NonoperatingIncomeExpense`	$900.00K	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$83.90M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$74.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$27.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$56.20M	USD	1 Quarter
Net income, per basic share	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Net income, per basic share	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Income from continuing operations, per diluted share	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.59	USD	1 Quarter
Net income, per diluted share	`EarningsPerShareDiluted`	$0.59	USD	1 Quarter
Net income, per diluted share	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.29	USD	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.30	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$51.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$56.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$41.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$40.80M	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$4.20M	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	-	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$4.20M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$4.40M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.20M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.40M	USD	1 Quarter
Income of unconsolidated affiliated company	`IncomeLossFromEquityMethodInvestments`	$400.00K	USD	1 Quarter
Income of unconsolidated affiliated company	`IncomeLossFromEquityMethodInvestments`	$900.00K	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-1.60M	USD	1 Quarter
(Gain) loss on sale of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-300.00K	USD	1 Quarter
Changes in working capital, excluding effect of acquisitions, divestitures and currency	`IncreaseDecreaseInOperatingCapital`	$300.00K	USD	1 Quarter
Changes in working capital, excluding effect of acquisitions, divestitures and currency	`IncreaseDecreaseInOperatingCapital`	$55.20M	USD	1 Quarter
Changes in other assets and liabilities	`IncreaseDecreaseInDeferredChargesAndCredits`	$-6.10M	USD	1 Quarter
Changes in other assets and liabilities	`IncreaseDecreaseInDeferredChargesAndCredits`	$5.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$94.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$52.60M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$30.60M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$41.70M	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$100.00K	USD	1 Quarter
Proceeds from sale of property and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$100.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-41.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-30.50M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$400.00K	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$23.40M	USD	1 Quarter
Net (repayment) borrowing of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$8.70M	USD	1 Quarter
Net (repayment) borrowing of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$83.50M	USD	1 Quarter
Net (repayment) borrowing of short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	$-1.10M	USD	1 Quarter
Net (repayment) borrowing of short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	$-5.70M	USD	1 Quarter
Cash dividends paid to shareholders	`PaymentsOfDividendsCommonStock`	$29.10M	USD	1 Quarter
Cash dividends paid to shareholders	`PaymentsOfDividendsCommonStock`	$32.10M	USD	1 Quarter
Common stock purchased for the treasury	`PaymentsForRepurchaseOfCommonStock`	$44.30M	USD	1 Quarter
Common stock purchased for the treasury	`PaymentsForRepurchaseOfCommonStock`	$48.90M	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.20M	USD	1 Quarter
Excess tax benefit from share-based payment arrangements	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	-	USD	1 Quarter
Stock incentive programs and related tax withholdings	`StockIncentiveProgramsAndRelatedWithholdings`	$-14.60M	USD	1 Quarter
Stock incentive programs and related tax withholdings	`StockIncentiveProgramsAndRelatedWithholdings`	$-8.50M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-79.30M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-32.40M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$3.00M	USD	1 Quarter
Effect of exchange rates on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$1.20M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-23.40M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`NetCashProvidedByUsedInContinuingOperations`	$-9.10M	USD	1 Quarter
Cash and cash equivalents balance at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$50.80M	USD	Point-in-time
Cash and cash equivalents balance at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$59.20M	USD	Point-in-time
Cash and cash equivalents balance at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$50.10M	USD	Point-in-time
Cash and cash equivalents balance at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$74.20M	USD	Point-in-time
Cash and cash equivalents balance at end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.80M	USD	Point-in-time
Cash and cash equivalents balance at end of period	`CashAndCashEquivalentsAtCarryingValue`	$59.20M	USD	Point-in-time
Cash and cash equivalents balance at end of period	`CashAndCashEquivalentsAtCarryingValue`	$50.10M	USD	Point-in-time
Cash and cash equivalents balance at end of period	`CashAndCashEquivalentsAtCarryingValue`	$74.20M	USD	Point-in-time

Stockholders Equity 25 line items

Line Item	Tag	Value	Unit	Period
Stock incentive programs and related tax withholdings, shares	`StockIssuedDuringPeriodSharesShareBasedCompensation`	600,000.00	shares	1 Quarter
Stock incentive programs and related tax withholdings, shares	`StockIssuedDuringPeriodSharesShareBasedCompensation`	200,000.00	shares	1 Quarter
Purchase of common stock, shares	`TreasuryStockSharesAcquired`	1.00M	shares	1 Quarter
Purchase of common stock, shares	`TreasuryStockSharesAcquired`	1.00M	shares	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.21B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time
Net income	`ProfitLoss`	$56.20M	USD	1 Quarter
Net income	`ProfitLoss`	$51.10M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$32.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$47.10M	USD	1 Quarter
Cash dividends declared on common stock	`DividendsCommonStockCash`	$27.80M	USD	1 Quarter
Cash dividends declared on common stock	`DividendsCommonStockCash`	$28.00M	USD	1 Quarter
Stock incentive programs and related tax withholdings	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-8.50M	USD	1 Quarter
Stock incentive programs and related tax withholdings	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-14.60M	USD	1 Quarter
Excess tax benefit (expense) from share-based payment arrangements	`AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation`	$4.20M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.20M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.40M	USD	1 Quarter
Purchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$44.30M	USD	1 Quarter
Purchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$48.90M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.21B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.23B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$51.10M	USD	1 Quarter
Net income	`NetIncomeLoss`	$56.20M	USD	1 Quarter
Translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$29.90M	USD	1 Quarter
Translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$43.80M	USD	1 Quarter
Pension and other postretirement liability adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.30M	USD	1 Quarter
Pension and other postretirement liability adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-2.10M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$32.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$47.10M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$83.10M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$103.30M	USD	1 Quarter
Tax amounts related to pension and postretirement liability adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$1.40M	USD	1 Quarter
Tax amounts related to pension and postretirement liability adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$1.40M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.