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10-Q Filing

IDEX CORP /DE/ CIK: 832101 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000832101-17-000027
Period End Date 20170331
Filing Date 20170426
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance iex-20170331.xml
Balance Sheet 74 line items
Line Item Tag Value Unit Period
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $7.48M USD Point-in-time
Receivables, allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $8.08M 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 $235.96M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $358.44M 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $216.09M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $328.02M USD Point-in-time
Preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Receivables, less allowance for doubtful accounts of $7,483 at March 31, 2017 and $8,078 at December 31, 2016 ReceivablesNetCurrent $294.71M USD Point-in-time
Receivables, less allowance for doubtful accounts of $7,483 at March 31, 2017 and $8,078 at December 31, 2016 ReceivablesNetCurrent $272.81M USD Point-in-time
Preferred stock, issued (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Inventories InventoryNet $252.86M USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Inventories InventoryNet $257.90M USD Point-in-time
Common stock, authorized (in shares) CommonStockSharesAuthorized 150.00M shares Point-in-time
Other current assets OtherAssetsCurrent $61.09M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Other current assets OtherAssetsCurrent $54.98M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Total current assets AssetsCurrent $823.68M USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 90.19M shares Point-in-time
Total current assets AssetsCurrent $822.72M USD Point-in-time
Common stock, issued (in shares) CommonStockSharesIssued 90.20M shares Point-in-time
Property, plant and equipment net PropertyPlantAndEquipmentNet $250.11M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 13.76M shares Point-in-time
Property, plant and equipment net PropertyPlantAndEquipmentNet $247.82M USD Point-in-time
Treasury stock, shares (in shares) TreasuryStockShares 13.64M shares Point-in-time
Goodwill Goodwill $1.63B USD Point-in-time
Goodwill Goodwill $1.65B USD Point-in-time
Intangible assets net IntangibleAssetsNetExcludingGoodwill $428.58M USD Point-in-time
Intangible assets net IntangibleAssetsNetExcludingGoodwill $435.50M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $15.84M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $16.31M USD Point-in-time
Total assets Assets $3.15B USD Point-in-time
Total assets Assets $3.16B USD Point-in-time
Trade accounts payable AccountsPayableTradeCurrent $128.93M USD Point-in-time
Trade accounts payable AccountsPayableTradeCurrent $135.46M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $152.85M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $142.67M USD Point-in-time
Short-term borrowings DebtCurrent $1.05M USD Point-in-time
Short-term borrowings DebtCurrent $323.00K USD Point-in-time
Dividends payable DividendsPayableCurrent - USD Point-in-time
Dividends payable DividendsPayableCurrent $26.33M USD Point-in-time
Total current liabilities LiabilitiesCurrent $309.16M USD Point-in-time
Total current liabilities LiabilitiesCurrent $278.45M USD Point-in-time
Long-term borrowings LongTermDebtNoncurrent $950.28M USD Point-in-time
Long-term borrowings LongTermDebtNoncurrent $1.01B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $171.44M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $166.43M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $122.30M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $121.23M USD Point-in-time
Total liabilities Liabilities $1.52B USD Point-in-time
Total liabilities Liabilities $1.61B 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: 90,190,717 shares at March 31, 2017 and 90,200,951 shares at December 31, 2016 CommonStockValue $902.00K USD Point-in-time
Authorized: 150,000,000 shares, $.01 per share par value, Issued: 90,190,717 shares at March 31, 2017 and 90,200,951 shares at December 31, 2016 CommonStockValue $902.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $702.64M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $697.21M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.83B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.91B USD Point-in-time
Treasury stock at cost: 13,636,301 shares at March 31, 2017 and 13,760,266 shares at December 31, 2016 TreasuryStockValue $794.44M USD Point-in-time
Treasury stock at cost: 13,636,301 shares at March 31, 2017 and 13,760,266 shares at December 31, 2016 TreasuryStockValue $787.31M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-178.44M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-201.65M USD Point-in-time
Total shareholders equity StockholdersEquity $1.54B USD Point-in-time
Total shareholders equity StockholdersEquity $1.64B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $3.15B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $3.16B USD Point-in-time
Income Statement 30 line items
Line Item Tag Value Unit Period
Net sales Revenues $502.57M USD 1 Quarter
Net sales Revenues $553.55M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $302.61M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $279.24M USD 1 Quarter
Gross profit GrossProfit $223.34M USD 1 Quarter
Gross profit GrossProfit $250.94M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $119.99M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $130.47M USD 1 Quarter
Restructuring expenses RestructuringCharges $4.80M USD 1 Quarter
Restructuring expenses RestructuringCharges - USD 1 Quarter
Operating income OperatingIncomeLoss $115.67M USD 1 Quarter
Operating income OperatingIncomeLoss $103.34M USD 1 Quarter
Other (income) expense - net OtherNonoperatingIncomeExpense $-44.00K USD 1 Quarter
Other (income) expense - net OtherNonoperatingIncomeExpense $308.00K USD 1 Quarter
Interest expense InterestExpense $10.49M USD 1 Quarter
Interest expense InterestExpense $11.55M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $104.43M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $92.81M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $28.53M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $24.68M USD 1 Quarter
Net income NetIncomeLoss $68.13M USD 1 Quarter
Net income NetIncomeLoss $75.90M USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.99 USD 1 Quarter
Basic earnings per common share (in dollars per share) EarningsPerShareBasic $0.90 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $0.99 USD 1 Quarter
Diluted earnings per common share (in dollars per share) EarningsPerShareDiluted $0.89 USD 1 Quarter
Basic weighted average common shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 76.11M shares 1 Quarter
Basic weighted average common shares outstanding (in shares) WeightedAverageNumberOfSharesOutstandingBasic 75.75M shares 1 Quarter
Diluted weighted average common shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 76.89M shares 1 Quarter
Diluted weighted average common shares outstanding (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 76.70M shares 1 Quarter
Cash Flow Statement 69 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $68.13M USD 1 Quarter
Net income NetIncomeLoss $75.90M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $9.07M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $8.90M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $11.79M USD 1 Quarter
Amortization of intangible assets AmortizationOfIntangibleAssets $10.89M USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $329.00K USD 1 Quarter
Amortization of debt issuance costs AmortizationOfFinancingCosts $378.00K USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $6.16M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $6.44M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $1.29M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $2.95M USD 1 Quarter
Non-cash interest expense associated with forward starting swaps NonCashInterestExpenseAssociatedWithForwardStartingSwaps $1.68M USD 1 Quarter
Non-cash interest expense associated with forward starting swaps NonCashInterestExpenseAssociatedWithForwardStartingSwaps $1.72M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $20.06M USD 1 Quarter
Receivables IncreaseDecreaseInReceivables $19.27M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $270.00K USD 1 Quarter
Inventories IncreaseDecreaseInInventories $2.76M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $-6.57M 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 $5.19M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-6.64M USD 1 Quarter
Accrued expenses IncreaseDecreaseInAccruedLiabilities $-11.56M USD 1 Quarter
Other - net IncreaseDecreaseInOtherOperatingCapitalNet $2.89M USD 1 Quarter
Other - net IncreaseDecreaseInOtherOperatingCapitalNet $-1.56M USD 1 Quarter
Net cash flows provided by operating activities NetCashProvidedByUsedInOperatingActivities $84.98M USD 1 Quarter
Net cash flows provided by operating activities NetCashProvidedByUsedInOperatingActivities $70.36M USD 1 Quarter
Additions of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $8.65M USD 1 Quarter
Additions of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $10.16M USD 1 Quarter
Acquisition of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Acquisition of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $221.56M USD 1 Quarter
Other - net PaymentsForProceedsFromOtherInvestingActivities $-91.00K USD 1 Quarter
Other - net PaymentsForProceedsFromOtherInvestingActivities $-546.00K USD 1 Quarter
Net cash flows (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-9.62M USD 1 Quarter
Net cash flows (used in) investing activities NetCashProvidedByUsedInInvestingActivities $-230.12M USD 1 Quarter
Borrowings under revolving facilities ProceedsFromRepaymentsOfLinesOfCredit $275.39M USD 1 Quarter
Borrowings under revolving facilities ProceedsFromRepaymentsOfLinesOfCredit $13.00M USD 1 Quarter
Payments under revolving facilities RepaymentsOfLongTermLinesOfCredit $20.99M USD 1 Quarter
Payments under revolving facilities RepaymentsOfLongTermLinesOfCredit $80.22M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $26.33M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $24.66M USD 1 Quarter
Proceeds from stock option exercises ProceedsFromStockOptionsExercised $6.07M USD 1 Quarter
Proceeds from stock option exercises ProceedsFromStockOptionsExercised $8.26M USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $7.00M USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $46.86M USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $1.20M USD Point-in-time
Unvested shares surrendered for tax withholding PaymentsRelatedToTaxWithholdingForShareBasedCompensation $4.72M USD 1 Quarter
Unvested shares surrendered for tax withholding PaymentsRelatedToTaxWithholdingForShareBasedCompensation $5.65M USD 1 Quarter
Other - net ProceedsFromPaymentsForOtherFinancingActivities - USD 1 Quarter
Other - net ProceedsFromPaymentsForOtherFinancingActivities $738.00K USD 1 Quarter
Net cash flows provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-99.39M USD 1 Quarter
Net cash flows provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $186.41M 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 $4.16M USD 1 Quarter
Net increase (decrease) in cash CashAndCashEquivalentsPeriodIncreaseDecrease $30.43M USD 1 Quarter
Net increase (decrease) in cash CashAndCashEquivalentsPeriodIncreaseDecrease $-19.87M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $235.96M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $358.44M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $216.09M 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 $235.96M 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 $216.09M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $328.02M USD Point-in-time
Interest InterestPaid $760.00K USD 1 Quarter
Interest InterestPaid $965.00K USD 1 Quarter
Income taxes - net IncomeTaxesPaid $5.89M USD 1 Quarter
Income taxes - net IncomeTaxesPaid $9.52M USD 1 Quarter
Stockholders Equity 20 line items
Line Item Tag Value Unit Period
Pension and other postretirement adjustments, tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-552.00K USD 1 Quarter
Amortization of forward starting swaps, tax OtherComprehensiveIncomeAmortizationAdjustmentsOnDerivativesIncludedInNetIncomeTax $635.00K USD 1 Quarter
Issuance of common stock from performance share units and exercise of stock options (in shares) IssuanceOfCommonStockFromPerformanceShareUnitsandExerciseofStockOptions 205,965.00 shares 1 Quarter
Issuance of common stock from exercise of stock options and deferred compensation plans, tax amount IssuanceOfCommonStockFromExerciseOfStockOptionsAndDeferredCompensationPlansTaxAmount $4.22M USD 1 Quarter
Repurchase of common stock (in shares) TreasuryStockSharesAcquired 82,000.00 shares 1 Quarter
Repurchase of common stock (in shares) TreasuryStockSharesAcquired 628,000.00 shares 1 Quarter
Balance StockholdersEquity $1.54B USD Point-in-time
Balance StockholdersEquity $1.64B USD Point-in-time
Net income NetIncomeLoss $68.13M USD 1 Quarter
Net income NetIncomeLoss $75.90M USD 1 Quarter
Cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $21.05M USD 1 Quarter
Net change in retirement obligations (net of tax of $552) OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $1.12M USD 1 Quarter
Net change in retirement obligations (net of tax of $552) OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $671.00K USD 1 Quarter
Net change on derivatives designated as cash flow hedges (net of tax of $635) AmortizationOfForwardStartingSwaps $1.04M USD 1 Quarter
Issuance of 205,965 shares of common stock from issuance of unvested shares, performance share units and exercise of stock options (net of tax of $4,221) IssuanceOfCommonStockFromIssuanceofRestrictedStockPerformanceShareUnitsandExerciseofStockOptionsNetOfTaxBenefit $6.07M USD 1 Quarter
Repurchase of 82,000 shares of common stock TreasuryStockValueAcquiredCostMethod $7.56M USD 1 Quarter
Unvested shares surrendered for tax withholding UnvestedSharesSurrenderedForTaxWithholding $5.65M USD 1 Quarter
Share-based compensation StockGrantedDuringPeriodValueSharebasedCompensation $5.43M USD 1 Quarter
Balance StockholdersEquity $1.54B USD Point-in-time
Balance StockholdersEquity $1.64B USD Point-in-time
Comprehensive Income 12 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $68.13M USD 1 Quarter
Net income NetIncomeLoss $75.90M USD 1 Quarter
Reclassification adjustments for derivatives, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $1.10M USD 1 Quarter
Reclassification adjustments for derivatives, net of tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $1.04M USD 1 Quarter
Pension and other postretirement adjustments, net of tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $1.12M USD 1 Quarter
Pension and other postretirement adjustments, net of tax OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $671.00K USD 1 Quarter
Cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionandTranslationAdjustmentNetofTaxExcludingDivestitures $21.05M USD 1 Quarter
Cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionandTranslationAdjustmentNetofTaxExcludingDivestitures $16.22M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $17.98M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $23.22M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $86.11M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $99.11M USD 1 Quarter

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

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