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10-Q Filing

GENERAL CABLE CORP /DE/ CIK: 886035 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000886035-18-000026
Period End Date 20180331
Filing Date 20180507
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance bgc-20180330.xml
Balance Sheet 72 line items
Line Item Tag Value Unit Period
Allowances for receivables AllowanceForDoubtfulAccountsReceivableCurrent $19.30M USD Point-in-time
Allowances for receivables AllowanceForDoubtfulAccountsReceivableCurrent $19.20M USD Point-in-time
Common stock, par value (usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, par value (usd per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 50.58M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $53.50M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 50.73M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $84.70M USD Point-in-time
Receivables, net of allowances of $19.3 million at March 30, 2018 and $19.2 million at December 31, 2017 ReceivablesNetCurrent $811.90M USD Point-in-time
Receivables, net of allowances of $19.3 million at March 30, 2018 and $19.2 million at December 31, 2017 ReceivablesNetCurrent $714.20M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 50.58M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 50.73M shares Point-in-time
Treasury stock (in shares) TreasuryStockShares 7.91M shares Point-in-time
Treasury stock (in shares) TreasuryStockShares 8.05M shares Point-in-time
Inventories InventoryNet $728.70M USD Point-in-time
Inventories InventoryNet $736.10M USD Point-in-time
Prepaid expenses and other PrepaidExpenseCurrent $60.00M USD Point-in-time
Prepaid expenses and other PrepaidExpenseCurrent $61.50M USD Point-in-time
Total current assets AssetsCurrent $1.66B USD Point-in-time
Total current assets AssetsCurrent $1.59B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $530.30M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $526.10M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $7.90M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $7.20M USD Point-in-time
Goodwill Goodwill $11.00M USD Point-in-time
Goodwill Goodwill $11.00M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $23.30M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $22.10M USD Point-in-time
Unconsolidated affiliated companies EquityMethodInvestments $200.00K USD Point-in-time
Unconsolidated affiliated companies EquityMethodInvestments $200.00K USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $58.10M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $67.60M USD Point-in-time
Total assets Assets $2.28B USD Point-in-time
Total assets Assets $2.24B USD Point-in-time
Accounts payable AccountsPayableCurrent $437.50M USD Point-in-time
Accounts payable AccountsPayableCurrent $444.90M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $308.80M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $254.50M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $46.90M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $33.90M USD Point-in-time
Total current liabilities LiabilitiesCurrent $793.20M USD Point-in-time
Total current liabilities LiabilitiesCurrent $733.30M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.04B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.14B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $108.60M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $114.40M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $163.80M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $162.90M USD Point-in-time
Total liabilities Liabilities $2.15B USD Point-in-time
Total liabilities Liabilities $2.10B USD Point-in-time
Commitments and contingencies (see Note 19) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (see Note 19) CommitmentsAndContingencies - USD Point-in-time
Common stock, $0.01 par value, issued and outstanding shares: March 30, 2018 50,728,522 (net of 7,910,174 treasury shares), December 31, 2017 50,583,870 (net of 8,054,826 treasury shares) CommonStockValue $600.00K USD Point-in-time
Common stock, $0.01 par value, issued and outstanding shares: March 30, 2018 50,728,522 (net of 7,910,174 treasury shares), December 31, 2017 50,583,870 (net of 8,054,826 treasury shares) CommonStockValue $600.00K USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $704.70M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $706.60M USD Point-in-time
Treasury stock TreasuryStockValue $149.90M USD Point-in-time
Treasury stock TreasuryStockValue $151.90M USD Point-in-time
Retained earnings (deficit) RetainedEarningsAccumulatedDeficit $-197.70M USD Point-in-time
Retained earnings (deficit) RetainedEarningsAccumulatedDeficit $-195.30M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-230.80M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-227.10M USD Point-in-time
Total Company shareholders equity StockholdersEquity $129.20M USD Point-in-time
Total Company shareholders equity StockholdersEquity $130.60M USD Point-in-time
Noncontrolling interest MinorityInterest $2.60M USD Point-in-time
Noncontrolling interest MinorityInterest $2.70M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $131.80M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $168.90M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $181.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $133.30M USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.24B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.28B USD Point-in-time
Income Statement 46 line items
Line Item Tag Value Unit Period
Net sales Revenues $918.20M USD 1 Quarter
Net sales Revenues $1.02B USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $799.20M USD 1 Quarter
Cost of sales CostOfGoodsAndServicesSold $914.80M USD 1 Quarter
Gross profit GrossProfit $105.70M USD 1 Quarter
Gross profit GrossProfit $119.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $71.40M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $94.80M USD 1 Quarter
Operating income OperatingIncomeLoss $24.20M USD 1 Quarter
Operating income OperatingIncomeLoss $34.30M USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $-15.60M USD 1 Quarter
Other income (expense) OtherNonoperatingIncomeExpense $14.60M USD 1 Quarter
Interest expense InterestExpense $19.20M USD 1 Quarter
Interest expense InterestExpense $20.70M USD 1 Quarter
Interest income InvestmentIncomeInterest $600.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $900.00K USD 1 Quarter
Interest income (expense), total InterestIncomeExpenseNet $-20.10M USD 1 Quarter
Interest income (expense), total InterestIncomeExpenseNet $-18.30M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $400.00K USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $18.70M USD 1 Quarter
Income tax (provision) benefit IncomeTaxExpenseBenefit $6.30M USD 1 Quarter
Income tax (provision) benefit IncomeTaxExpenseBenefit $4.60M USD 1 Quarter
Net income (loss) including noncontrolling interest ProfitLoss $-4.20M USD 1 Quarter
Net income (loss) including noncontrolling interest ProfitLoss $12.40M USD 1 Quarter
Less: net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Less: net income (loss) attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $100.00K USD 1 Quarter
Net income (loss) attributable to Company common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $12.40M USD 1 Quarter
Net income (loss) attributable to Company common shareholders NetIncomeLossAvailableToCommonStockholdersBasic $-4.30M USD 1 Quarter
Earnings (loss) per common share-basic (per share) EarningsPerShareBasic $-0.08 USD 1 Quarter
Earnings (loss) per common share-basic (per share) EarningsPerShareBasic $0.25 USD 1 Quarter
Earnings (loss) per common share - assuming dilution (per share) EarningsPerShareDiluted $0.24 USD 1 Quarter
Earnings (loss) per common share - assuming dilution (per share) EarningsPerShareDiluted $-0.08 USD 1 Quarter
Dividends per common share (per share) CommonStockDividendsPerShareCashPaid $0.18 USD 1 Quarter
Dividends per common share (per share) CommonStockDividendsPerShareCashPaid $0.18 USD 1 Quarter
Net income (loss) ProfitLoss $-4.20M USD 1 Quarter
Net income (loss) ProfitLoss $12.40M USD 1 Quarter
Currency translation gain (loss) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.90M USD 1 Quarter
Currency translation gain (loss) OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $8.60M USD 1 Quarter
Defined benefit plan adjustments, net of tax of $0.2 million in the three fiscal months ended March 30, 2018 and $0.4 million in the three fiscal months ended March 31, 2017 OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-800.00K USD 1 Quarter
Defined benefit plan adjustments, net of tax of $0.2 million in the three fiscal months ended March 30, 2018 and $0.4 million in the three fiscal months ended March 31, 2017 OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-800.00K USD 1 Quarter
Comprehensive income (loss), net of tax ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-500.00K USD 1 Quarter
Comprehensive income (loss), net of tax ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $21.80M USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interest, net of tax ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-100.00K USD 1 Quarter
Comprehensive income (loss) attributable to noncontrolling interest, net of tax ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $100.00K USD 1 Quarter
Comprehensive income (loss) attributable to Company common shareholders, net of tax ComprehensiveIncomeNetOfTax $21.90M USD 1 Quarter
Comprehensive income (loss) attributable to Company common shareholders, net of tax ComprehensiveIncomeNetOfTax $-600.00K USD 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net income (loss) including noncontrolling interest ProfitLoss $-4.20M USD 1 Quarter
Net income (loss) including noncontrolling interest ProfitLoss $12.40M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $17.10M USD 1 Quarter
Depreciation and amortization DepreciationAndAmortization $19.50M USD 1 Quarter
Foreign currency exchange (gain) loss ForeignCurrencyTransactionGainLossUnrealized $-2.10M USD 1 Quarter
Foreign currency exchange (gain) loss ForeignCurrencyTransactionGainLossUnrealized $2.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-2.30M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $3.40M USD 1 Quarter
Non-cash interest charges InterestExpenseDebt $1.00M USD 1 Quarter
Non-cash interest charges InterestExpenseDebt $1.00M USD 1 Quarter
(Gain) loss on disposal of subsidiaries DisposalGroupNotDiscontinuedOperationGainLossOnDisposal - USD 1 Quarter
(Gain) loss on disposal of subsidiaries DisposalGroupNotDiscontinuedOperationGainLossOnDisposal $-3.50M USD 1 Quarter
(Gain) loss on disposal of property GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
(Gain) loss on disposal of property GainLossOnSaleOfPropertyPlantEquipment $-2.90M USD 1 Quarter
(Increase) decrease in receivables IncreaseDecreaseInAccountsReceivable $1.90M USD 1 Quarter
(Increase) decrease in receivables IncreaseDecreaseInAccountsReceivable $24.60M USD 1 Quarter
(Increase) decrease in inventories IncreaseDecreaseInInventories $36.50M USD 1 Quarter
(Increase) decrease in inventories IncreaseDecreaseInInventories $42.80M USD 1 Quarter
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $2.50M USD 1 Quarter
(Increase) decrease in other assets IncreaseDecreaseInOtherOperatingAssets $6.90M USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $8.20M USD 1 Quarter
Increase (decrease) in accounts payable IncreaseDecreaseInAccountsPayable $19.10M USD 1 Quarter
Increase (decrease) in accrued and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-95.40M USD 1 Quarter
Increase (decrease) in accrued and other liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-45.10M USD 1 Quarter
Net cash flows of operating activities NetCashProvidedByUsedInOperatingActivities $-85.50M USD 1 Quarter
Net cash flows of operating activities NetCashProvidedByUsedInOperatingActivities $-88.50M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $13.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $35.20M USD 1 Quarter
Proceeds from properties sold ProceedsFromSaleOfProductiveAssets - USD 1 Quarter
Proceeds from properties sold ProceedsFromSaleOfProductiveAssets $300.00K USD 1 Quarter
Disposal of subsidiaries, net of cash disposed of ProceedsFromDivestitureOfBusinessesNetOfCashDivested - USD 1 Quarter
Disposal of subsidiaries, net of cash disposed of ProceedsFromDivestitureOfBusinessesNetOfCashDivested $5.30M USD 1 Quarter
Net cash flows of investing activities NetCashProvidedByUsedInInvestingActivities $-13.00M USD 1 Quarter
Net cash flows of investing activities NetCashProvidedByUsedInInvestingActivities $-29.60M USD 1 Quarter
Dividends paid to shareholders PaymentsOfDividendsPreferredStockAndPreferenceStock $9.20M USD 1 Quarter
Dividends paid to shareholders PaymentsOfDividendsPreferredStockAndPreferenceStock $9.40M USD 1 Quarter
Proceeds from debt ProceedsFromOtherDebt $731.70M USD 1 Quarter
Proceeds from debt ProceedsFromOtherDebt $538.80M USD 1 Quarter
Repayments of debt RepaymentsOfOtherDebt $622.40M USD 1 Quarter
Repayments of debt RepaymentsOfOtherDebt $459.50M USD 1 Quarter
Net cash flows of financing activities NetCashProvidedByUsedInFinancingActivities $70.10M USD 1 Quarter
Net cash flows of financing activities NetCashProvidedByUsedInFinancingActivities $99.90M USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $800.00K USD 1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-1.90M USD 1 Quarter
Increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-30.30M USD 1 Quarter
Increase (decrease) in cash, cash equivalents and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-17.40M USD 1 Quarter
Cash, cash equivalents and restricted cash beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $96.20M USD Point-in-time
Cash, cash equivalents and restricted cash beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $86.20M USD Point-in-time
Cash, cash equivalents and restricted cash beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $103.60M USD Point-in-time
Cash, cash equivalents and restricted cash beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $65.90M USD Point-in-time
Cash, cash equivalents and restricted cash end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $96.20M USD Point-in-time
Cash, cash equivalents and restricted cash end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $86.20M USD Point-in-time
Cash, cash equivalents and restricted cash end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $103.60M USD Point-in-time
Cash, cash equivalents and restricted cash end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $65.90M USD Point-in-time
Income tax payments, net of refunds IncomeTaxesPaidNet $6.70M USD 1 Quarter
Income tax payments, net of refunds IncomeTaxesPaidNet $2.60M USD 1 Quarter
Interest paid InterestPaid $22.90M USD 1 Quarter
Interest paid InterestPaid $21.90M USD 1 Quarter
Capital expenditures included in accounts payable CapitalExpendituresIncurredButNotYetPaid $3.00M USD 1 Quarter
Capital expenditures included in accounts payable CapitalExpendituresIncurredButNotYetPaid $11.10M USD 1 Quarter
Stockholders Equity 17 line items
Line Item Tag Value Unit Period
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $131.80M USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $168.90M USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $181.00M USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $133.30M USD Point-in-time
Cumulative effect of accounting change CumulativeEffectOfNewAccountingPrincipleInPeriodOfAdoption $11.10M USD Point-in-time
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-500.00K USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $21.80M USD 1 Quarter
Common stock dividend DividendsCommonStockCash $9.20M USD 1 Quarter
Common stock dividend DividendsCommonStockCash $9.40M USD 1 Quarter
Stock options and RSU expense AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $1.60M USD 1 Quarter
Stock options and RSU expense AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition $1.70M USD 1 Quarter
Other issuance pursuant to restricted stock, stock options and other ShareholdersEquityOther $1.90M USD 1 Quarter
Other issuance pursuant to restricted stock, stock options and other ShareholdersEquityOther $1.60M USD 1 Quarter
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $131.80M USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $168.90M USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $181.00M USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $133.30M USD Point-in-time
Comprehensive Income 2 line items
Line Item Tag Value Unit Period
Defined benefit plan adjustments, tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-400.00K USD 1 Quarter
Defined benefit plan adjustments, tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-200.00K USD 1 Quarter

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

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