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10-Q Filing

TREDEGAR CORP CIK: 850429 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0000850429-15-000042
Period End Date 20150331
Filing Date 20150505
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance tg-20140930.xml
Balance Sheet 68 line items
Line Item Tag Value Unit Period
Accounts and other receivables, allowance for doubtful accounts and sales returns AllowanceForDoubtfulAccountsReceivableCurrent $2.61M USD Point-in-time
Accounts and other receivables, allowance for doubtful accounts and sales returns AllowanceForDoubtfulAccountsReceivableCurrent $2.61M USD Point-in-time
Common stock, no par value CommonStockNoParValue - USD Point-in-time
Common stock, no par value CommonStockNoParValue - USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 32.66M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $52.62M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $50.06M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 32.42M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $45.23M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $55.16M USD Point-in-time
Accounts and other receivables, net of allowance for doubtful accounts and sales returns of $2,610 in 2015 and $2,610 in 2014 ReceivablesNetCurrent $122.86M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 32.42M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 32.66M shares Point-in-time
Accounts and other receivables, net of allowance for doubtful accounts and sales returns of $2,610 in 2015 and $2,610 in 2014 ReceivablesNetCurrent $113.34M USD Point-in-time
Income Taxes Receivable, Current IncomeTaxesReceivable $877.00K USD Point-in-time
Inventories InventoryNet $73.10M USD Point-in-time
Inventories InventoryNet $74.31M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $8.88M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $8.78M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $8.14M USD Point-in-time
Prepaid expenses and other PrepaidExpenseAndOtherAssetsCurrent $8.28M USD Point-in-time
Total current assets AssetsCurrent $255.74M USD Point-in-time
Total current assets AssetsCurrent $268.03M USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $763.64M USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $790.62M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $520.66M USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $515.12M USD Point-in-time
Net property, plant and equipment PropertyPlantAndEquipmentNet $248.52M USD Point-in-time
Net property, plant and equipment PropertyPlantAndEquipmentNet $269.96M USD Point-in-time
Intangible Assets, Net (Including Goodwill) IntangibleAssetsNetIncludingGoodwill $215.13M USD Point-in-time
Intangible Assets, Net (Including Goodwill) IntangibleAssetsNetIncludingGoodwill $206.68M USD Point-in-time
Other assets and deferred charges OtherAssetsNoncurrent $47.80M USD Point-in-time
Other assets and deferred charges OtherAssetsNoncurrent $47.12M USD Point-in-time
Total assets Assets $770.36M USD Point-in-time
Total assets Assets $788.63M USD Point-in-time
Accounts payable AccountsPayableCurrent $94.13M USD Point-in-time
Accounts payable AccountsPayableCurrent $97.66M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $30.77M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $32.05M USD Point-in-time
Income taxes payable TaxesPayableCurrent $5.51M USD Point-in-time
Total current liabilities LiabilitiesCurrent $133.93M USD Point-in-time
Total current liabilities LiabilitiesCurrent $126.18M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $141.00M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $137.25M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $33.29M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $39.26M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $113.27M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $113.91M USD Point-in-time
Total liabilities Liabilities $416.60M USD Point-in-time
Total liabilities Liabilities $421.49M USD Point-in-time
Commitments and contingencies (Notes 1 and 13) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Notes 1 and 13) CommitmentsAndContingencies - USD Point-in-time
Common stock, no par value (issued and outstanding - 32,664,801 at March 31, 2015 and 32,422,082 at December 31, 2014) CommonStockValue $27.06M USD Point-in-time
Common stock, no par value (issued and outstanding - 32,664,801 at March 31, 2015 and 32,422,082 at December 31, 2014) CommonStockValue $24.36M USD Point-in-time
Common stock held in trust for savings restoration plan CommonStockHeldInTrust $1.44M USD Point-in-time
Common stock held in trust for savings restoration plan CommonStockHeldInTrust $1.45M USD Point-in-time
Foreign currency translation adjustment AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-47.27M USD Point-in-time
Foreign currency translation adjustment AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-81.92M USD Point-in-time
Gain (loss) on derivative financial instruments AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax $656.00K USD Point-in-time
Gain (loss) on derivative financial instruments AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax $-6.00K USD Point-in-time
Pension and other post-retirement benefit adjustments AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax $101.06M USD Point-in-time
Pension and other post-retirement benefit adjustments AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax $103.58M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $506.24M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $499.30M USD Point-in-time
Total shareholders equity StockholdersEquity $372.03M USD Point-in-time
Total shareholders equity StockholdersEquity $348.87M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $788.63M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $770.36M USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Sales SalesRevenueGoodsNet $235.21M USD 1 Quarter
Sales SalesRevenueGoodsNet $234.17M USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $108.00K USD 1 Quarter
Other income (expense), net OtherNonoperatingIncomeExpense $-94.00K USD 1 Quarter
Total revenues, net of other expenses TotalRevenuesNetOfOtherExpenses $235.12M USD 1 Quarter
Total revenues, net of other expenses TotalRevenuesNetOfOtherExpenses $234.28M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $190.69M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $189.43M USD 1 Quarter
Freight ShippingHandlingAndTransportationCosts $6.77M USD 1 Quarter
Freight ShippingHandlingAndTransportationCosts $7.33M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $18.32M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $17.07M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $2.98M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $3.88M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $1.08M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $1.40M USD 1 Quarter
Interest expense InterestAndDebtExpense $885.00K USD 1 Quarter
Interest expense InterestAndDebtExpense $630.00K USD 1 Quarter
Asset impairments and costs associated with exit and disposal activities, net of adjustments AssetImpairmentAndCostsAssociatedWithExitAndDisposalActivities $1.25M USD 1 Quarter
Asset impairments and costs associated with exit and disposal activities, net of adjustments AssetImpairmentAndCostsAssociatedWithExitAndDisposalActivities $-52.00K USD 1 Quarter
Total CostsAndExpenses $222.03M USD 1 Quarter
Total CostsAndExpenses $219.63M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $14.65M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $13.09M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $4.61M USD 1 Quarter
Income taxes IncomeTaxExpenseBenefit $4.78M USD 1 Quarter
Net income NetIncomeLoss $8.48M USD 1 Quarter
Net income NetIncomeLoss $9.87M USD 1 Quarter
Basic EarningsPerShareBasic $0.30 USD 1 Quarter
Basic EarningsPerShareBasic $0.26 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.26 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.30 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 32.24M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 32.48M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 32.62M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 32.63M shares 1 Quarter
Dividends per share CommonStockDividendsPerShareCashPaid $0.09 USD 1 Quarter
Dividends per share CommonStockDividendsPerShareCashPaid $0.07 USD 1 Quarter
Cash Flow Statement 54 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $8.48M USD 1 Quarter
Net income NetIncomeLoss $9.87M USD 1 Quarter
Depreciation Depreciation $8.13M USD 1 Quarter
Depreciation Depreciation $8.75M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $1.08M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $1.40M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInNetDeferredTaxes $-2.42M USD 1 Quarter
Deferred income taxes IncreaseDecreaseInNetDeferredTaxes $-2.16M USD 1 Quarter
Accrued pension and post-retirement benefits PensionAndOtherPostretirementBenefitExpense $3.13M USD 1 Quarter
Accrued pension and post-retirement benefits PensionAndOtherPostretirementBenefitExpense $2.25M USD 1 Quarter
Loss on asset impairments and divestitures AssetImpairmentCharges - USD 1 Quarter
Loss on asset impairments and divestitures AssetImpairmentCharges $400.00K USD 1 Quarter
Accounts and other receivables IncreaseDecreaseInAccountsAndOtherReceivables $18.91M USD 1 Quarter
Accounts and other receivables IncreaseDecreaseInAccountsAndOtherReceivables $14.78M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.33M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-304.00K USD 1 Quarter
Income taxes recoverable/payable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $6.11M USD 1 Quarter
Income taxes recoverable/payable IncreaseDecreaseInIncomeTaxesPayableNetOfIncomeTaxesReceivable $3.50M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.36M USD 1 Quarter
Prepaid expenses and other IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.03M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $4.22M USD 1 Quarter
Accounts payable and accrued expenses IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $4.25M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $1.35M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $445.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $12.35M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $10.04M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $7.82M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $10.15M USD 1 Quarter
Proceeds from the sale of assets and other ProceedsFromSaleOfAssetsAndOther $504.00K USD 1 Quarter
Proceeds from the sale of assets and other ProceedsFromSaleOfAssetsAndOther - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-7.31M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-10.15M USD 1 Quarter
Borrowings ProceedsFromLongTermLinesOfCredit $34.25M USD 1 Quarter
Borrowings ProceedsFromLongTermLinesOfCredit $8.00M USD 1 Quarter
Debt principal payments and financing costs RepaymentsOfLongTermDebtAndPaymentsOfDebtIssuanceCosts $-30.58M USD 1 Quarter
Debt principal payments and financing costs RepaymentsOfLongTermDebtAndPaymentsOfDebtIssuanceCosts $-13.00M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $2.94M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $2.26M USD 1 Quarter
Proceeds from exercise of stock options and other ProceedsFromStockOptionsExercisedAndOther $2.13M USD 1 Quarter
Proceeds from exercise of stock options and other ProceedsFromStockOptionsExercisedAndOther $-139.00K USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $2.87M USD 1 Quarter
Net cash provided by (used in) financing activities NetCashProvidedByUsedInFinancingActivities $-7.40M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-2.81M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $121.00K USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-7.39M USD 1 Quarter
Increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $5.10M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $52.62M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $50.06M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $45.23M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $55.16M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $52.62M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $50.06M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $45.23M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $55.16M USD Point-in-time
Stockholders Equity 22 line items
Line Item Tag Value Unit Period
Foreign currency translation adjustment, tax (benefit) OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $-1.61M USD 1 Quarter
Foreign currency translation adjustment, tax (benefit) OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $125.00K USD 1 Quarter
Derivative financial instruments adjustment, tax (benefit) OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $117.00K USD 1 Quarter
Derivative financial instruments adjustment, tax (benefit) OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $-399.00K USD 1 Quarter
Amortization of prior service costs and net gains or losses, tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax $997.00K USD 1 Quarter
Amortization of prior service costs and net gains or losses, tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax $1.46M USD 1 Quarter
Cash dividends declared, per share CommonStockDividendsPerShareDeclared $0.09 USD 1 Quarter
Beginning Balance StockholdersEquity $372.03M USD Point-in-time
Beginning Balance StockholdersEquity $348.87M USD Point-in-time
Net income NetIncomeLoss $8.48M USD 1 Quarter
Net income NetIncomeLoss $9.87M USD 1 Quarter
Foreign currency translation adjustment (net of tax benefit of $1,609) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-34.65M USD 1 Quarter
Foreign currency translation adjustment (net of tax benefit of $1,609) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $5.09M USD 1 Quarter
Derivative financial instruments adjustment (net of tax benefit of $399) OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-662.00K USD 1 Quarter
Derivative financial instruments adjustment (net of tax benefit of $399) OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $192.00K USD 1 Quarter
Amortization of prior service costs and net gains or losses (net of tax of $1,462) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax $1.74M USD 1 Quarter
Amortization of prior service costs and net gains or losses (net of tax of $1,462) OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax $2.52M USD 1 Quarter
Cash dividends declared ($0.09 per share) DividendsCommonStockCash $2.94M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensationExpenseValue $900.00K USD 1 Quarter
Issued upon exercise of stock options & other StockIssuedDuringPeriodForStockOptionsExercisedAndOtherMiscellaneousStockTransactions $1.80M USD 1 Quarter
Ending Balance StockholdersEquity $372.03M USD Point-in-time
Ending Balance StockholdersEquity $348.87M USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Foreign currency translation adjustment, (benefit) tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $-1.61M USD 1 Quarter
Foreign currency translation adjustment, (benefit) tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax $125.00K USD 1 Quarter
Net income NetIncomeLoss $8.48M USD 1 Quarter
Net income NetIncomeLoss $9.87M USD 1 Quarter
Derivative financial instruments adjustment, tax (benefit) OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $117.00K USD 1 Quarter
Derivative financial instruments adjustment, tax (benefit) OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $-399.00K USD 1 Quarter
Amortization of prior service costs and net gains or losses, tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax $997.00K USD 1 Quarter
Amortization of prior service costs and net gains or losses, tax OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax $1.46M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-34.65M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $5.09M USD 1 Quarter
Derivative financial instruments adjustment OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-662.00K USD 1 Quarter
Derivative financial instruments adjustment OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $192.00K USD 1 Quarter
Amortization of prior service costs and net gains or losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax $1.74M USD 1 Quarter
Amortization of prior service costs and net gains or losses OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax $2.52M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $7.03M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-32.79M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-22.92M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $15.51M USD 1 Quarter

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

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