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10-Q Filing

IDEX CORP /DE/ CIK: 832101 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0000832101-15-000021
Period End Date 20150331
Filing Date 20150428
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance iex-20150331.xml
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $6.96M USD Point-in-time
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $6.40M USD Point-in-time
Preferred stock, authorized (in shares) PreferredStockSharesAuthorized 5.00M shares Point-in-time
Preferred stock, authorized (in shares) PreferredStockSharesAuthorized 5.00M shares Point-in-time
Preferred stock , par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $439.63M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $509.14M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $458.38M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $494.50M USD Point-in-time
Preferred stock , par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Receivables, less allowance for doubtful accounts of $6,401 at March 31, 2015 and $6,961 at December 31, 2014 ReceivablesNetCurrent $256.04M USD Point-in-time
Receivables, less allowance for doubtful accounts of $6,401 at March 31, 2015 and $6,961 at December 31, 2014 ReceivablesNetCurrent $267.21M USD Point-in-time
Preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Inventories net InventoryNet $243.56M USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Inventories net InventoryNet $237.63M USD Point-in-time
Other current assets OtherAssetsCurrent $76.12M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Other current assets OtherAssetsCurrent $72.98M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 89.76M shares Point-in-time
Total current assets AssetsCurrent $1.08B USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 90.14M shares Point-in-time
Total current assets AssetsCurrent $1.08B USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 11.00M shares Point-in-time
Property, plant and equipment net PropertyPlantAndEquipmentNet $219.54M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 11.86M shares Point-in-time
Property, plant and equipment net PropertyPlantAndEquipmentNet $216.34M USD Point-in-time
Goodwill Goodwill $1.32B USD Point-in-time
Goodwill Goodwill $1.29B USD Point-in-time
Intangible assets net IntangibleAssetsNetExcludingGoodwill $271.16M USD Point-in-time
Intangible assets net IntangibleAssetsNetExcludingGoodwill $257.46M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $20.30M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $20.20M USD Point-in-time
Total assets Assets $2.91B USD Point-in-time
Total assets Assets $2.87B USD Point-in-time
Trade accounts payable AccountsPayableTradeCurrent $131.02M USD Point-in-time
Trade accounts payable AccountsPayableTradeCurrent $127.46M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $163.41M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $140.67M USD Point-in-time
Notes payable and current portion of long-term borrowings DebtCurrent $88.35M USD Point-in-time
Notes payable and current portion of long-term borrowings DebtCurrent $98.95M USD Point-in-time
Dividends payable DividendsPayableCurrent - USD Point-in-time
Dividends payable DividendsPayableCurrent $22.15M USD Point-in-time
Total current liabilities LiabilitiesCurrent $411.97M USD Point-in-time
Total current liabilities LiabilitiesCurrent $360.04M USD Point-in-time
Long-term borrowings LongTermDebtNoncurrent $819.86M USD Point-in-time
Long-term borrowings LongTermDebtNoncurrent $765.01M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $130.97M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $130.37M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $107.30M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $114.28M USD Point-in-time
Total liabilities Liabilities $1.42B USD Point-in-time
Total liabilities Liabilities $1.42B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Authorized: 5,000,000 shares, $.01 per share par value; Issued: None PreferredStockValue - USD Point-in-time
Authorized: 5,000,000 shares, $.01 per share par value; Issued: None PreferredStockValue - USD Point-in-time
Authorized: 150,000,000 shares, $.01 per share par value Issued: 90,136,827 shares at March 31, 2015 and 89,761,305 shares at December 31, 2014 CommonStockValue $898.00K USD Point-in-time
Authorized: 150,000,000 shares, $.01 per share par value Issued: 90,136,827 shares at March 31, 2015 and 89,761,305 shares at December 31, 2014 CommonStockValue $901.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $647.55M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $666.10M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.55B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.48B USD Point-in-time
Treasury stock at cost: 11,864,771 shares at March 31, 2015 and 10,995,361 shares at December 31, 2014 TreasuryStockValue $553.54M USD Point-in-time
Treasury stock at cost: 11,864,771 shares at March 31, 2015 and 10,995,361 shares at December 31, 2014 TreasuryStockValue $618.78M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-147.00M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-92.28M USD Point-in-time
Total shareholders equity StockholdersEquity $1.45B USD Point-in-time
Total shareholders equity StockholdersEquity $1.49B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $2.91B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $2.87B USD Point-in-time
Income Statement 28 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $544.00M USD 1 Quarter
Net sales SalesRevenueNet $502.20M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $299.58M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $276.16M USD 1 Quarter
Gross profit GrossProfit $226.04M USD 1 Quarter
Gross profit GrossProfit $244.42M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $130.59M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $124.28M USD 1 Quarter
Operating income OperatingIncomeLoss $101.76M USD 1 Quarter
Operating income OperatingIncomeLoss $113.83M USD 1 Quarter
Other (income) expense net OtherNonoperatingIncomeExpense $844.00K USD 1 Quarter
Other (income) expense net OtherNonoperatingIncomeExpense $1.72M USD 1 Quarter
Interest expense InterestExpense $10.46M USD 1 Quarter
Interest expense InterestExpense $10.60M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $92.88M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $104.22M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $26.93M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $29.67M USD 1 Quarter
Net income NetIncomeLoss $65.95M USD 1 Quarter
Net income NetIncomeLoss $74.55M USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.84 USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.92 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $0.91 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $0.84 USD 1 Quarter
Basic weighted average common shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 80.53M shares 1 Quarter
Basic weighted average common shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 78.00M shares 1 Quarter
Diluted weighted average common shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 81.58M shares 1 Quarter
Diluted weighted average common shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 78.86M shares 1 Quarter
Cash Flow Statement 69 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $65.95M USD 1 Quarter
Net income NetIncomeLoss $74.55M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $8.58M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $8.39M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $10.86M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $9.93M USD 1 Quarter
Amortization of debt issuance expenses AmortizationOfFinancingCosts $434.00K USD 1 Quarter
Amortization of debt issuance expenses AmortizationOfFinancingCosts $429.00K USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $6.31M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $6.88M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $1.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-748.00K USD 1 Quarter
Excess tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $3.22M USD 1 Quarter
Excess tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $2.92M USD 1 Quarter
Non-cash interest expense associated with forward starting swaps NonCashInterestExpenseAssociatedWithForwardStartingSwaps $1.77M USD 1 Quarter
Non-cash interest expense associated with forward starting swaps NonCashInterestExpenseAssociatedWithForwardStartingSwaps $1.82M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $33.91M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $18.04M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $12.61M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $11.21M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $6.29M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $4.59M USD 1 Quarter
Trade accounts payable IncreaseDecreaseInAccountsPayableTrade $6.86M USD 1 Quarter
Trade accounts payable IncreaseDecreaseInAccountsPayableTrade $15.39M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-14.23M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $14.42M USD 1 Quarter
Other net IncreaseDecreaseInOtherOperatingCapitalNet $1.52M USD 1 Quarter
Other net IncreaseDecreaseInOtherOperatingCapitalNet $710.00K USD 1 Quarter
Net cash flows provided by operating activities NetCashProvidedByUsedInOperatingActivities $74.19M USD 1 Quarter
Net cash flows provided by operating activities NetCashProvidedByUsedInOperatingActivities $49.40M USD 1 Quarter
Cash purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $10.08M USD 1 Quarter
Cash purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $10.81M USD 1 Quarter
Other net PaymentsForProceedsFromOtherInvestingActivities $-21.00K USD 1 Quarter
Other net PaymentsForProceedsFromOtherInvestingActivities $48.00K USD 1 Quarter
Net cash flows used in investing activities NetCashProvidedByUsedInInvestingActivities $-10.12M USD 1 Quarter
Net cash flows used in investing activities NetCashProvidedByUsedInInvestingActivities $-10.79M USD 1 Quarter
Borrowings under revolving facilities ProceedsFromLinesOfCredit $20.01M USD 1 Quarter
Borrowings under revolving facilities ProceedsFromLinesOfCredit $55.00M USD 1 Quarter
Payments under revolving facilities RepaymentsOfLongTermLinesOfCredit $77.00K USD 1 Quarter
Payments under revolving facilities RepaymentsOfLongTermLinesOfCredit $13.62M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $22.15M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $18.63M USD 1 Quarter
Proceeds from stock option exercises ProceedsFromStockOptionsExercised $9.19M USD 1 Quarter
Proceeds from stock option exercises ProceedsFromStockOptionsExercised $6.15M USD 1 Quarter
Excess tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $3.22M USD 1 Quarter
Excess tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $2.92M USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $62.13M USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $37.54M USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $2.60M USD Point-in-time
Unvested shares surrendered for tax withholding PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.61M USD 1 Quarter
Unvested shares surrendered for tax withholding PaymentsRelatedToTaxWithholdingForShareBasedCompensation $3.11M USD 1 Quarter
Net cash flows used in financing activities NetCashProvidedByUsedInFinancingActivities $-43.30M USD 1 Quarter
Net cash flows used in financing activities NetCashProvidedByUsedInFinancingActivities $-20.06M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-1.34M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-33.86M USD 1 Quarter
Net increase (decrease) in cash CashAndCashEquivalentsPeriodIncreaseDecrease $18.75M USD 1 Quarter
Net increase (decrease) in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-14.64M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $439.63M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $509.14M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $458.38M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $494.50M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $439.63M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $509.14M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $458.38M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $494.50M USD Point-in-time
Interest InterestPaid $791.00K USD 1 Quarter
Interest InterestPaid $85.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $10.41M USD 1 Quarter
Income taxes IncomeTaxesPaid $17.84M USD 1 Quarter
Stockholders Equity 23 line items
Line Item Tag Value Unit Period
Pension and other postretirement adjustments, tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-395.00K USD 1 Quarter
Pension and other postretirement adjustments, tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-240.00K USD 1 Quarter
Amortization of forward starting swaps, tax OtherComprehensiveIncomeAmortizationAdjustmentsOnDerivativesIncludedInNetIncomeTax $663.00K USD 1 Quarter
Amortization of forward starting swaps, tax OtherComprehensiveIncomeAmortizationAdjustmentsOnDerivativesIncludedInNetIncomeTax $642.00K USD 1 Quarter
Issuance of common stock from issuance of unvested shares, exercise of stock options and deferred compensation plans (in shares) IssuanceOfCommonStockFromExerciseOfStockOptionsAndDeferredCompensationPlansShares 392,810.00 shares 1 Quarter
Repurchase of common stock (in shares) TreasuryStockSharesAcquired 551,148.00 shares 1 Quarter
Repurchase of common stock (in shares) TreasuryStockSharesAcquired 829,744.00 shares 1 Quarter
Balance StockholdersEquity $1.45B USD Point-in-time
Balance StockholdersEquity $1.49B USD Point-in-time
Net income NetIncomeLoss $65.95M USD 1 Quarter
Net income NetIncomeLoss $74.55M USD 1 Quarter
Cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-56.64M USD 1 Quarter
Cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $284.00K USD 1 Quarter
Pension and other postretirement adjustments (net of tax of $395) OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $780.00K USD 1 Quarter
Pension and other postretirement adjustments (net of tax of $395) OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $439.00K USD 1 Quarter
Amortization of forward starting swaps (net of tax of $642) AmortizationOfForwardStartingSwaps $1.13M USD 1 Quarter
Issuance of 392,810 shares of common stock from issuance of unvested shares, exercise of stock options and deferred compensation plans IssuanceOfCommonStockFromExerciseOfStockOptionsAndDeferredCompensationPlansNetOfTaxBenefit $9.17M USD 1 Quarter
Excess tax benefit from share-based compensation AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation $3.22M USD 1 Quarter
Repurchase of 829,744 shares of common stock TreasuryStockValueAcquiredCostMethod $62.13M USD 1 Quarter
Shares surrendered for tax withholding UnvestedSharesSurrenderedForTaxWithholding $3.11M USD 1 Quarter
Share-based compensation StockGrantedDuringPeriodValueSharebasedCompensation $6.16M USD 1 Quarter
Balance StockholdersEquity $1.45B USD Point-in-time
Balance StockholdersEquity $1.49B USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $65.95M USD 1 Quarter
Net income NetIncomeLoss $74.55M USD 1 Quarter
Reclassification adjustments for derivatives, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $1.13M USD 1 Quarter
Reclassification adjustments for derivatives, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $1.16M USD 1 Quarter
Pension and other postretirement adjustments, net of tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $780.00K USD 1 Quarter
Pension and other postretirement adjustments, net of tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $439.00K USD 1 Quarter
Cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-56.64M USD 1 Quarter
Cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $284.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $1.88M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-54.73M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $76.43M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $11.23M USD 1 Quarter

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

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