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10-Q Filing

IDEX CORP /DE/ CIK: 832101 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0000832101-16-000067
Period End Date 20160331
Filing Date 20160425
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance iex-20160331.xml
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $7.98M USD Point-in-time
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $7.81M 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $358.44M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $494.50M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $509.14M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $328.02M USD Point-in-time
Preferred stock , par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock , par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Receivables, less allowance for doubtful accounts of $7,984 at March 31, 2016 and $7,812 at December 31, 2015 ReceivablesNetCurrent $260.00M USD Point-in-time
Preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Receivables, less allowance for doubtful accounts of $7,984 at March 31, 2016 and $7,812 at December 31, 2015 ReceivablesNetCurrent $296.83M USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Inventories net InventoryNet $278.23M USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Inventories net InventoryNet $239.12M USD Point-in-time
Other current assets OtherAssetsCurrent $43.00M USD Point-in-time
Other current assets OtherAssetsCurrent $35.54M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 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 90.22M shares Point-in-time
Total current assets AssetsCurrent $862.68M USD Point-in-time
Total current assets AssetsCurrent $976.51M USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 90.15M shares Point-in-time
Property, plant and equipment net PropertyPlantAndEquipmentNet $240.94M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 13.62M shares Point-in-time
Property, plant and equipment net PropertyPlantAndEquipmentNet $252.51M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 14.10M shares Point-in-time
Goodwill Goodwill $1.52B USD Point-in-time
Goodwill Goodwill $1.40B USD Point-in-time
Intangible assets net IntangibleAssetsNetExcludingGoodwill $370.79M USD Point-in-time
Intangible assets net IntangibleAssetsNetExcludingGoodwill $287.84M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $17.45M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $17.56M USD Point-in-time
Total assets Assets $3.14B USD Point-in-time
Total assets Assets $2.81B USD Point-in-time
Trade accounts payable AccountsPayableTradeCurrent $140.18M USD Point-in-time
Trade accounts payable AccountsPayableTradeCurrent $128.91M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $153.67M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $150.77M USD Point-in-time
Notes payable and current portion of long-term borrowings DebtCurrent $1.09M USD Point-in-time
Notes payable and current portion of long-term borrowings DebtCurrent $1.33M USD Point-in-time
Dividends payable DividendsPayableCurrent $25.93M USD Point-in-time
Dividends payable DividendsPayableCurrent - USD Point-in-time
Total current liabilities LiabilitiesCurrent $309.60M USD Point-in-time
Total current liabilities LiabilitiesCurrent $292.28M USD Point-in-time
Long-term borrowings LongTermDebtNoncurrent $1.09B USD Point-in-time
Long-term borrowings LongTermDebtNoncurrent $839.71M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $110.48M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $154.61M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $102.36M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $108.26M USD Point-in-time
Total liabilities Liabilities $1.65B USD Point-in-time
Total liabilities Liabilities $1.36B 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: 90,224,625 shares at March 31, 2016 and 90,151,131 shares at December 31, 2015 CommonStockValue $902.00K USD Point-in-time
Authorized: 150,000,000 shares, $.01 per share par value Issued: 90,224,625 shares at March 31, 2016 and 90,151,131 shares at December 31, 2015 CommonStockValue $902.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $679.62M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $685.38M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.67B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.73B USD Point-in-time
Treasury stock at cost: 14,098,950 shares at March 31, 2016 and 13,616,592 shares at December 31, 2015 TreasuryStockValue $799.66M USD Point-in-time
Treasury stock at cost: 14,098,950 shares at March 31, 2016 and 13,616,592 shares at December 31, 2015 TreasuryStockValue $757.42M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-146.50M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-128.51M USD Point-in-time
Total shareholders equity StockholdersEquity $1.44B USD Point-in-time
Total shareholders equity StockholdersEquity $1.49B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $2.81B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $3.14B USD Point-in-time
Income Statement 28 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $502.57M USD 1 Quarter
Net sales SalesRevenueNet $502.20M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $279.24M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $276.16M USD 1 Quarter
Gross profit GrossProfit $223.34M USD 1 Quarter
Gross profit GrossProfit $226.04M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $124.28M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $120.78M USD 1 Quarter
Operating income OperatingIncomeLoss $102.56M USD 1 Quarter
Operating income OperatingIncomeLoss $101.76M USD 1 Quarter
Other (income) expense net OtherNonoperatingIncomeExpense $1.72M USD 1 Quarter
Other (income) expense net OtherNonoperatingIncomeExpense $744.00K USD 1 Quarter
Interest expense InterestExpense $10.60M USD 1 Quarter
Interest expense InterestExpense $10.49M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $92.81M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $92.88M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $26.93M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $24.68M USD 1 Quarter
Net income NetIncomeLoss $65.95M USD 1 Quarter
Net income NetIncomeLoss $68.13M USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.90 USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.84 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $0.89 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 75.75M 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 76.70M shares 1 Quarter
Diluted weighted average common shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 78.86M shares 1 Quarter
Cash Flow Statement 70 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $65.95M USD 1 Quarter
Net income NetIncomeLoss $68.13M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $8.58M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $9.07M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $10.89M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $9.93M USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $378.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $434.00K USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $6.88M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $6.44M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $1.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $2.95M USD 1 Quarter
Excess tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $3.22M USD 1 Quarter
Excess tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationOperatingActivities - USD 1 Quarter
Non-cash interest expense associated with forward starting swaps NonCashInterestExpenseAssociatedWithForwardStartingSwaps $1.72M USD 1 Quarter
Non-cash interest expense associated with forward starting swaps NonCashInterestExpenseAssociatedWithForwardStartingSwaps $1.77M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $19.27M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $18.04M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $270.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $11.21M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $4.59M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $6.60M USD 1 Quarter
Trade accounts payable IncreaseDecreaseInAccountsPayableTrade $6.45M USD 1 Quarter
Trade accounts payable IncreaseDecreaseInAccountsPayableTrade $6.86M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-6.64M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-14.23M USD 1 Quarter
Other net IncreaseDecreaseInOtherOperatingCapitalNet $2.89M USD 1 Quarter
Other net IncreaseDecreaseInOtherOperatingCapitalNet $710.00K USD 1 Quarter
Net cash flows provided by operating activities NetCashProvidedByUsedInOperatingActivities $49.40M USD 1 Quarter
Net cash flows provided by operating activities NetCashProvidedByUsedInOperatingActivities $70.36M USD 1 Quarter
Additions of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $10.08M USD 1 Quarter
Additions of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $8.65M USD 1 Quarter
Acquisition of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $221.56M USD 1 Quarter
Acquisition of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Other net PaymentsForProceedsFromOtherInvestingActivities $48.00K USD 1 Quarter
Other net PaymentsForProceedsFromOtherInvestingActivities $-91.00K USD 1 Quarter
Net cash flows used in investing activities NetCashProvidedByUsedInInvestingActivities $-230.12M USD 1 Quarter
Net cash flows used in investing activities NetCashProvidedByUsedInInvestingActivities $-10.12M USD 1 Quarter
Borrowings under revolving facilities ProceedsFromLinesOfCredit $55.00M USD 1 Quarter
Borrowings under revolving facilities ProceedsFromLinesOfCredit $275.39M USD 1 Quarter
Payments under revolving facilities RepaymentsOfLongTermLinesOfCredit $77.00K USD 1 Quarter
Payments under revolving facilities RepaymentsOfLongTermLinesOfCredit $20.99M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $22.15M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $24.66M USD 1 Quarter
Proceeds from stock option exercises ProceedsFromStockOptionsExercised $8.26M USD 1 Quarter
Proceeds from stock option exercises ProceedsFromStockOptionsExercised $9.19M USD 1 Quarter
Excess tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities - USD 1 Quarter
Excess tax benefit from share-based compensation ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $3.22M USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $62.13M USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $46.86M USD 1 Quarter
Shares surrendered for tax withholding PaymentsRelatedToTaxWithholdingForShareBasedCompensation $4.72M USD 1 Quarter
Shares surrendered for tax withholding PaymentsRelatedToTaxWithholdingForShareBasedCompensation $3.11M USD 1 Quarter
Net cash flows provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $186.41M USD 1 Quarter
Net cash flows provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-20.06M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $3.77M 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 $30.43M USD 1 Quarter
Net increase (decrease) in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-14.64M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $358.44M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $494.50M 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 $328.02M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $358.44M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $494.50M 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 $328.02M USD Point-in-time
Interest InterestPaid $791.00K USD 1 Quarter
Interest InterestPaid $965.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $10.41M USD 1 Quarter
Income taxes IncomeTaxesPaid $9.52M USD 1 Quarter
Stockholders Equity 22 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 $-322.00K USD 1 Quarter
Amortization of forward starting swaps, tax OtherComprehensiveIncomeAmortizationAdjustmentsOnDerivativesIncludedInNetIncomeTax $627.00K USD 1 Quarter
Amortization of forward starting swaps, tax OtherComprehensiveIncomeAmortizationAdjustmentsOnDerivativesIncludedInNetIncomeTax $642.00K USD 1 Quarter
Issuance of common stock from performance share units and exercise of stock options IssuanceOfCommonStockFromPerformanceShareUnitsandExerciseofStockOptions 361,570.00 shares 1 Quarter
Repurchase of common stock (in shares) TreasuryStockSharesAcquired 628,493.00 shares 1 Quarter
Repurchase of common stock (in shares) TreasuryStockSharesAcquired 829,744.00 shares 1 Quarter
Balance StockholdersEquity $1.44B USD Point-in-time
Balance StockholdersEquity $1.49B USD Point-in-time
Net income NetIncomeLoss $65.95M USD 1 Quarter
Net income NetIncomeLoss $68.13M USD 1 Quarter
Cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-56.64M USD 1 Quarter
Cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $16.22M USD 1 Quarter
Pension and other postretirement adjustments (net of tax of $322) OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $671.00K USD 1 Quarter
Pension and other postretirement adjustments (net of tax of $322) OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $780.00K USD 1 Quarter
Amortization of forward starting swaps (net of tax of $627) AmortizationOfForwardStartingSwaps $1.10M USD 1 Quarter
Issuance of 361,570 shares of common stock from issuance of restricted stock, performance share units and exercise of stock options IssuanceOfCommonStockFromIssuanceofRestrictedStockPerformanceShareUnitsandExerciseofStockOptionsNetOfTaxBenefit $8.26M USD 1 Quarter
Repurchase of 628,493 shares of common stock TreasuryStockValueAcquiredCostMethod $45.79M USD 1 Quarter
Shares surrendered for tax withholding UnvestedSharesSurrenderedForTaxWithholding $4.72M USD 1 Quarter
Share-based compensation StockGrantedDuringPeriodValueSharebasedCompensation $5.75M USD 1 Quarter
Balance StockholdersEquity $1.44B 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 $68.13M USD 1 Quarter
Reclassification adjustments for derivatives, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $1.13M USD 1 Quarter
Reclassification adjustments for derivatives, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $1.10M USD 1 Quarter
Pension and other postretirement adjustments, net of tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $671.00K USD 1 Quarter
Pension and other postretirement adjustments, net of tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $780.00K USD 1 Quarter
Cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionandTranslationAdjustmentNetofTaxExcludingDivestitures $16.22M USD 1 Quarter
Cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionandTranslationAdjustmentNetofTaxExcludingDivestitures $-56.64M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $17.98M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-54.73M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $11.23M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $86.11M USD 1 Quarter

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

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