10-Q Filing

BEMIS CO INC CIK: 11199 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000011199-18-000027`
Period End Date	20180331
Filing Date	20180427
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	bms-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 32 Cash Flow Statement 50 Stockholders Equity 23 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`	129.30M	shares	Point-in-time
Common stock held in treasury, shares	`TreasuryStockShares`	38.30M	shares	Point-in-time
Common stock held in treasury, shares	`TreasuryStockShares`	38.30M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$71.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$50.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$59.70M	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$499.80M	USD	Point-in-time
Trade receivables	`AccountsReceivableNetCurrent`	$448.70M	USD	Point-in-time
Inventories	`InventoryNet`	$628.10M	USD	Point-in-time
Inventories	`InventoryNet`	$620.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$97.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$97.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.24B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.29B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.33B	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$1.32B	USD	Point-in-time
Goodwill	`Goodwill`	$852.70M	USD	Point-in-time
Goodwill	`Goodwill`	$856.10M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$142.30M	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$139.10M	USD	Point-in-time
Deferred charges and other assets	`OtherAssetsNoncurrent`	$149.70M	USD	Point-in-time
Deferred charges and other assets	`OtherAssetsNoncurrent`	$147.60M	USD	Point-in-time
Total other long-term assets	`AssetsNoncurrent`	$1.14B	USD	Point-in-time
Total other long-term assets	`AssetsNoncurrent`	$1.14B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.70B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$3.75B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$5.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$5.00M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$20.70M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$16.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$487.20M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$477.20M	USD	Point-in-time
Employee-related liabilities	`AccruedSalariesCurrent`	$73.10M	USD	Point-in-time
Employee-related liabilities	`AccruedSalariesCurrent`	$72.00M	USD	Point-in-time
Accrued income and other taxes	`TaxesPayableCurrent`	$40.80M	USD	Point-in-time
Accrued income and other taxes	`TaxesPayableCurrent`	$30.50M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$57.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$64.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$682.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$666.10M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$1.54B	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$1.54B	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$153.50M	USD	Point-in-time
Deferred taxes	`DeferredTaxLiabilitiesNoncurrent`	$155.30M	USD	Point-in-time
Other liabilities and deferred credits	`OtherLiabilitiesNoncurrent`	$133.40M	USD	Point-in-time
Other liabilities and deferred credits	`OtherLiabilitiesNoncurrent`	$136.70M	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.50B	USD	Point-in-time
Total Liabilities	`Liabilities`	$2.52B	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`	$589.60M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$590.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.34B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.32B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-394.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-415.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-375.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-447.80M	USD	Point-in-time
Common stock held in treasury	`TreasuryStockValue`	$1.33B	USD	Point-in-time
Common stock held in treasury	`TreasuryStockValue`	$1.33B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Total Equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.20B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$3.70B	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$3.75B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$995.40M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$1.03B	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$797.10M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$829.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$198.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$198.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$96.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$96.90M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$10.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$12.50M	USD	1 Quarter
Restructuring and other costs	`Restructuringandacquisitionrelatedcosts`	$4.40M	USD	1 Quarter
Restructuring and other costs	`Restructuringandacquisitionrelatedcosts`	$13.40M	USD	1 Quarter
Other Operating Income (Expense), Net	`OtherOperatingIncomeExpenseNet`	$2.80M	USD	1 Quarter
Other Operating Income (Expense), Net	`OtherOperatingIncomeExpenseNet`	$3.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$80.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$88.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$18.90M	USD	1 Quarter
Other non-operating (income) expense, net	`NonoperatingIncomeExpense`	$900.00K	USD	1 Quarter
Other non-operating (income) expense, net	`NonoperatingIncomeExpense`	$1.90M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$74.30M	USD	1 Quarter
Income from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$62.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.10M	USD	1 Quarter
Net income, per basic share	`EarningsPerShareBasic`	$0.52	USD	1 Quarter
Net income, per basic share	`EarningsPerShareBasic`	$0.55	USD	1 Quarter
Net income, per diluted share	`EarningsPerShareDiluted`	$0.55	USD	1 Quarter
Net income, per diluted share	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.30	USD	1 Quarter
Cash dividends paid per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.31	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$47.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$43.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$41.80M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$4.40M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$4.80M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$4.20M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$700.00K	USD	1 Quarter
Income of unconsolidated affiliated company	`IncomeLossFromEquityMethodInvestments`	$800.00K	USD	1 Quarter
Income of unconsolidated affiliated company	`IncomeLossFromEquityMethodInvestments`	$900.00K	USD	1 Quarter
(Gain) loss on sale or write-off of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-300.00K	USD	1 Quarter
(Gain) loss on sale or write-off of property and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-100.00K	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`	$40.80M	USD	1 Quarter
Changes in other assets and liabilities	`IncreaseDecreaseInDeferredChargesAndCredits`	$-6.10M	USD	1 Quarter
Changes in other assets and liabilities	`IncreaseDecreaseInDeferredChargesAndCredits`	$-500.00K	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$54.30M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$94.50M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$41.70M	USD	1 Quarter
Additions to property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$46.20M	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 Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.10M	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-41.60M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$300.00K	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$400.00K	USD	1 Quarter
Net (repayment) borrowing of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$9.30M	USD	1 Quarter
Net (repayment) borrowing of commercial paper	`ProceedsFromRepaymentsOfCommercialPaper`	$8.70M	USD	1 Quarter
Net (repayment) borrowing of short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	$-1.10M	USD	1 Quarter
Net (repayment) borrowing of short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	$3.30M	USD	1 Quarter
Cash dividends paid to shareholders	`PaymentsOfDividendsCommonStock`	$29.20M	USD	1 Quarter
Cash dividends paid to shareholders	`PaymentsOfDividendsCommonStock`	$29.10M	USD	1 Quarter
Common stock purchased for the treasury	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Common stock purchased for the treasury	`PaymentsForRepurchaseOfCommonStock`	$48.90M	USD	1 Quarter
Stock incentive programs and related tax withholdings	`StockIncentiveProgramsAndRelatedWithholdings`	$-5.60M	USD	1 Quarter
Stock incentive programs and related tax withholdings	`StockIncentiveProgramsAndRelatedWithholdings`	$-8.50M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-79.30M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.50M	USD	1 Quarter
Effect of Exchange Rate on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.00M	USD	1 Quarter
Effect of Exchange Rate on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.90M	USD	1 Quarter
Cash and Cash Equivalents, Period Increase (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-23.40M	USD	1 Quarter
Cash and Cash Equivalents, Period Increase (Decrease)	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-11.40M	USD	1 Quarter
Cash and cash equivalents balance at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$71.10M	USD	Point-in-time
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`	$74.20M	USD	Point-in-time
Cash and cash equivalents balance at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$59.70M	USD	Point-in-time
Cash and cash equivalents balance at end of period	`CashAndCashEquivalentsAtCarryingValue`	$71.10M	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`	$74.20M	USD	Point-in-time
Cash and cash equivalents balance at end of period	`CashAndCashEquivalentsAtCarryingValue`	$59.70M	USD	Point-in-time

Stockholders Equity 23 line items

Line Item	Tag	Value	Unit	Period
Stock incentive programs and related tax withholdings, shares	`StockIssuedDuringPeriodSharesShareBasedCompensation`	200,000.00	shares	1 Quarter
Stock incentive programs and related tax withholdings, shares	`StockIssuedDuringPeriodSharesShareBasedCompensation`	200,000.00	shares	1 Quarter
Purchase of common stock, shares	`TreasuryStockSharesAcquired`	0.00	shares	1 Quarter
Purchase of common stock, shares	`TreasuryStockSharesAcquired`	1.00M	shares	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.20B	USD	Point-in-time
Net income	`ProfitLoss`	$51.10M	USD	1 Quarter
Net income	`ProfitLoss`	$47.60M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$32.00M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$18.60M	USD	1 Quarter
Cash dividends declared on common stock	`DividendsCommonStockCash`	$28.40M	USD	1 Quarter
Cash dividends declared on common stock	`DividendsCommonStockCash`	$28.00M	USD	1 Quarter
Stock incentive programs and related tax withholdings	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-5.60M	USD	1 Quarter
Stock incentive programs and related tax withholdings	`StockIssuedDuringPeriodValueShareBasedCompensation`	$-8.50M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.80M	USD	1 Quarter
Share-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$4.40M	USD	1 Quarter
Purchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$48.90M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.24B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.26B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.20B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$47.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$51.10M	USD	1 Quarter
Translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$15.60M	USD	1 Quarter
Translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$29.90M	USD	1 Quarter
Pension and other postretirement liability adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.00M	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`	$18.60M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$66.20M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$83.10M	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`	$1.10M	USD	1 Quarter

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