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10-Q Filing

BRADY CORP CIK: 746598 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0000746598-18-000168
Period End Date 20181031
Filing Date 20181115
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance brc-20181031.xml
Filing Contents
Balance Sheet 80 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $133.94M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $142.24M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $181.43M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $192.18M USD Point-in-time
Accounts receivablenet AccountsReceivableNetCurrent $169.33M USD Point-in-time
Accounts receivablenet AccountsReceivableNetCurrent $161.28M USD Point-in-time
Finished products InventoryFinishedGoodsNetOfReserves $73.13M USD Point-in-time
Finished products InventoryFinishedGoodsNetOfReserves $71.09M USD Point-in-time
Work-in-process InventoryWorkInProcessNetOfReserves $20.73M USD Point-in-time
Work-in-process InventoryWorkInProcessNetOfReserves $19.90M USD Point-in-time
Raw materials and supplies InventoryRawMaterialsAndSuppliesNetOfReserves $22.19M USD Point-in-time
Raw materials and supplies InventoryRawMaterialsAndSuppliesNetOfReserves $20.04M USD Point-in-time
Total inventories InventoryNet $114.02M USD Point-in-time
Total inventories InventoryNet $113.07M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $18.50M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $15.56M USD Point-in-time
Total current assets AssetsCurrent $494.02M USD Point-in-time
Total current assets AssetsCurrent $471.34M USD Point-in-time
Goodwill Goodwill $419.81M USD Point-in-time
Goodwill Goodwill $415.13M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $41.03M USD Point-in-time
Other intangible assets IntangibleAssetsNetExcludingGoodwill $42.59M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $7.58M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $7.77M USD Point-in-time
Other OtherAssetsNoncurrent $17.62M USD Point-in-time
Other OtherAssetsNoncurrent $17.66M USD Point-in-time
Land Land $6.99M USD Point-in-time
Land Land $7.25M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $96.25M USD Point-in-time
Buildings and improvements BuildingsAndImprovementsGross $95.39M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $270.99M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $270.19M USD Point-in-time
Construction in progress ConstructionInProgressGross $4.50M USD Point-in-time
Construction in progress ConstructionInProgressGross $7.49M USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $378.72M USD Point-in-time
Property, plant and equipment, gross PropertyPlantAndEquipmentGross $380.32M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $282.26M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $280.78M USD Point-in-time
Property, plant and equipmentnet PropertyPlantAndEquipmentNet $97.94M USD Point-in-time
Property, plant and equipmentnet PropertyPlantAndEquipmentNet $98.06M USD Point-in-time
Total Assets $1.07B USD Point-in-time
Total Assets $1.06B USD Point-in-time
Accounts payable AccountsPayableCurrent $64.73M USD Point-in-time
Accounts payable AccountsPayableCurrent $66.54M USD Point-in-time
Wages and amounts withheld from employees EmployeeRelatedLiabilitiesCurrent $48.95M USD Point-in-time
Wages and amounts withheld from employees EmployeeRelatedLiabilitiesCurrent $67.62M USD Point-in-time
Taxes, other than income taxes AccrualForTaxesOtherThanIncomeTaxesCurrent $8.38M USD Point-in-time
Taxes, other than income taxes AccrualForTaxesOtherThanIncomeTaxesCurrent $8.32M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $3.88M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $4.94M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $54.58M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $44.57M USD Point-in-time
Total current liabilities LiabilitiesCurrent $181.58M USD Point-in-time
Total current liabilities LiabilitiesCurrent $190.93M USD Point-in-time
Long-term obligations LongTermDebtNoncurrent $54.41M USD Point-in-time
Long-term obligations LongTermDebtNoncurrent $52.62M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $61.27M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $64.70M USD Point-in-time
Total liabilities Liabilities $304.82M USD Point-in-time
Total liabilities Liabilities $300.68M USD Point-in-time
Class A nonvoting common stockIssued 51,261,487 shares, and outstanding 48,918,974 and 48,393,617 shares, respectively ClassANonvotingCommonStockValueIssued $513.00K USD Point-in-time
Class A nonvoting common stockIssued 51,261,487 shares, and outstanding 48,918,974 and 48,393,617 shares, respectively ClassANonvotingCommonStockValueIssued $513.00K USD Point-in-time
Class B voting common stockIssued and outstanding, 3,538,628 shares ClassBVotingCommonStockValueIssued $35.00K USD Point-in-time
Class B voting common stockIssued and outstanding, 3,538,628 shares ClassBVotingCommonStockValueIssued $35.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $325.63M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $326.18M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $570.86M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $553.45M USD Point-in-time
Treasury stock2,342,513 and 2,867,870 shares, respectively, of Class A nonvoting common stock, at cost TreasuryStockValue $58.41M USD Point-in-time
Treasury stock2,342,513 and 2,867,870 shares, respectively, of Class A nonvoting common stock, at cost TreasuryStockValue $71.12M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-56.40M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-52.06M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-44.68M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-66.23M USD Point-in-time
Total stockholders equity StockholdersEquity $712.67M USD Point-in-time
Total stockholders equity StockholdersEquity $700.14M USD Point-in-time
Total stockholders equity StockholdersEquity $752.11M USD Point-in-time
Total stockholders equity StockholdersEquity $772.94M USD Point-in-time
Total LiabilitiesAndStockholdersEquity $1.07B USD Point-in-time
Total LiabilitiesAndStockholdersEquity $1.06B USD Point-in-time
Income Statement 28 line items
Line Item Tag Value Unit Period
Net sales Revenues $293.20M USD 1 Quarter
Net sales Revenues $290.15M USD 1 Quarter
Cost of products sold CostOfGoodsAndServicesSold $144.09M USD 1 Quarter
Cost of products sold CostOfGoodsAndServicesSold $146.66M USD 1 Quarter
Gross margin GrossProfit $146.54M USD 1 Quarter
Gross margin GrossProfit $146.06M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $10.52M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $11.33M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $100.13M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $94.59M USD 1 Quarter
Total operating expenses OperatingExpenses $105.92M USD 1 Quarter
Total operating expenses OperatingExpenses $110.65M USD 1 Quarter
Operating income OperatingIncomeLoss $35.41M USD 1 Quarter
Operating income OperatingIncomeLoss $40.62M USD 1 Quarter
Investment and other (expense) income OtherNonoperatingIncomeExpense $216.00K USD 1 Quarter
Investment and other (expense) income OtherNonoperatingIncomeExpense $-17.00K USD 1 Quarter
Interest expense InterestExpense $863.00K USD 1 Quarter
Interest expense InterestExpense $712.00K USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $34.76M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $39.89M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $8.93M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $9.26M USD 1 Quarter
Net earnings NetIncomeLoss $25.84M USD 1 Quarter
Net earnings NetIncomeLoss $30.64M USD 1 Quarter
Weighted average common shares outstanding, basic (in thousands): WeightedAverageNumberOfSharesOutstandingBasic 51.44M shares 1 Quarter
Weighted average common shares outstanding, basic (in thousands): WeightedAverageNumberOfSharesOutstandingBasic 52.20M shares 1 Quarter
Weighted average common shares outstanding, diluted (in thousands): WeightedAverageNumberOfDilutedSharesOutstanding 52.96M shares 1 Quarter
Weighted average common shares outstanding, diluted (in thousands): WeightedAverageNumberOfDilutedSharesOutstanding 52.38M shares 1 Quarter
Cash Flow Statement 50 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $25.84M USD 1 Quarter
Net earnings NetIncomeLoss $30.64M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.96M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $6.56M USD 1 Quarter
Non-cash portion of stock-based compensation expense ShareBasedCompensation $3.74M USD 1 Quarter
Non-cash portion of stock-based compensation expense ShareBasedCompensation $4.96M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $2.16M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-1.17M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $4.81M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $6.71M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.57M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.12M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.20M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.00M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndOtherLiabilities $-7.80M USD 1 Quarter
Accounts payable and accrued liabilities IncreaseDecreaseInAccountsPayableAndOtherLiabilities $14.07M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-2.33M USD 1 Quarter
Income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $-1.19M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $18.82M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $34.72M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $6.01M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $3.80M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-337.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-974.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-2.83M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-5.67M USD 1 Quarter
Payment of dividends PaymentsOfDividends $11.10M USD 1 Quarter
Payment of dividends PaymentsOfDividends $10.64M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromIssuanceOfCommonStock $3.25M USD 1 Quarter
Proceeds from exercise of stock options ProceedsFromIssuanceOfCommonStock $12.14M USD 1 Quarter
Proceeds from borrowing on credit facilities ProceedsFromRepaymentsOfDebt $10.90M USD 1 Quarter
Proceeds from borrowing on credit facilities ProceedsFromRepaymentsOfDebt $5.74M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $22.89M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $2.27M USD 1 Quarter
Income tax on equity-based compensation, and other ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-2.28M USD 1 Quarter
Income tax on equity-based compensation, and other ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-3.85M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $664.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-21.66M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-3.06M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-1.94M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $8.29M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $10.75M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $133.94M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $142.24M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $181.43M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $192.18M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $133.94M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $142.24M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $181.43M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $192.18M USD Point-in-time
Comprehensive Income 22 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $25.84M USD 1 Quarter
Net earnings NetIncomeLoss $30.64M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-5.39M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-5.38M USD 1 Quarter
Net investment hedge and long-term intercompany loan translation adjustments AmountOfIneffectivenessOnNetInvestmentHedges $-1.17M USD 1 Quarter
Net investment hedge and long-term intercompany loan translation adjustments AmountOfIneffectivenessOnNetInvestmentHedges $-3.40M USD 1 Quarter
Net loss recognized in other comprehensive loss OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-234.00K USD 1 Quarter
Net loss recognized in other comprehensive loss OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-380.00K USD 1 Quarter
Reclassification adjustment for (gains) losses included in net earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $47.00K USD 1 Quarter
Reclassification adjustment for (gains) losses included in net earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $-24.00K USD 1 Quarter
Total cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-210.00K USD 1 Quarter
Total cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $-427.00K USD 1 Quarter
Pension and other post-retirement benefits actuarial gain amortization OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $155.00K USD 1 Quarter
Pension and other post-retirement benefits actuarial gain amortization OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $130.00K USD 1 Quarter
Other comprehensive income (loss), before tax OtherComprehensiveIncomeLossBeforeTax $-9.37M USD 1 Quarter
Other comprehensive income (loss), before tax OtherComprehensiveIncomeLossBeforeTax $-6.89M USD 1 Quarter
Income tax benefit (expense) related to items of other comprehensive loss OtherComprehensiveIncomeLossTax $458.00K USD 1 Quarter
Income tax benefit (expense) related to items of other comprehensive loss OtherComprehensiveIncomeLossTax $485.00K USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-7.38M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-9.83M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $20.81M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $18.46M USD 1 Quarter

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

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