10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0000913142-17-000013 |
| Period End Date | 20170331 |
| Filing Date | 20170508 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | bdc-20170402.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$815.92M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$216.75M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$848.12M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$146.26M | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$388.06M | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$381.70M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$218.40M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$190.41M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$36.48M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$29.18M | USD | Point-in-time |
| Total assets held for sale |
AssetsHeldForSaleNotPartOfDisposalGroup
|
$23.19M | USD | Point-in-time |
| Total assets held for sale |
AssetsHeldForSaleNotPartOfDisposalGroup
|
$25.92M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.48B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$1.48B | USD | Point-in-time |
| Property, plant and equipment, less accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$309.29M | USD | Point-in-time |
| Property, plant and equipment, less accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$311.39M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.39B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.39B | USD | Point-in-time |
| Intangible assets, less accumulated amortization |
IntangibleAssetsNetExcludingGoodwill
|
$538.38M | USD | Point-in-time |
| Intangible assets, less accumulated amortization |
IntangibleAssetsNetExcludingGoodwill
|
$560.08M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$33.71M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$34.45M | USD | Point-in-time |
| Other long-lived assets |
OtherAssetsNoncurrent
|
$38.78M | USD | Point-in-time |
| Other long-lived assets |
OtherAssetsNoncurrent
|
$35.73M | USD | Point-in-time |
| Total assets |
Assets
|
$3.81B | USD | Point-in-time |
| Total assets |
Assets
|
$3.79B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$264.08M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$258.20M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$255.97M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$310.34M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
- | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
- | USD | Point-in-time |
| Liabilities held for sale |
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
$1.74M | USD | Point-in-time |
| Liabilities held for sale |
LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent
|
$1.66M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$521.71M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$570.28M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.64B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.62B | USD | Point-in-time |
| Postretirement benefits |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$105.88M | USD | Point-in-time |
| Postretirement benefits |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$104.05M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$14.28M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$15.55M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$36.72M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$36.45M | USD | Point-in-time |
| Preferred stock |
PreferredStockValue
|
$1.00K | USD | Point-in-time |
| Preferred stock |
PreferredStockValue
|
$1.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$503.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$503.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.12B | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$1.12B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$783.81M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$798.64M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-48.48M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-39.07M | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$401.03M | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$401.07M | USD | Point-in-time |
| Total Belden stockholders equity |
StockholdersEquity
|
$1.46B | USD | Point-in-time |
| Total Belden stockholders equity |
StockholdersEquity
|
$1.47B | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$1.00M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$841.00K | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.46B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.47B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.81B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.79B | USD | Point-in-time |
Income Statement
42 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
SalesRevenueGoodsNet
|
$541.50M | USD | 1 Quarter |
| Revenues |
SalesRevenueGoodsNet
|
$551.38M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$329.27M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$316.46M | USD | 1 Quarter |
| Gross Profit |
GrossProfit
|
$222.11M | USD | 1 Quarter |
| Gross Profit |
GrossProfit
|
$225.03M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$112.59M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$122.41M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$36.13M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$34.52M | USD | 1 Quarter |
| Amortization expense |
AmortizationOfIntangibleAssets
|
$25.53M | USD | 1 Quarter |
| Amortization expense |
AmortizationOfIntangibleAssets
|
$23.67M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$40.96M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$51.34M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-24.40M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-23.51M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$16.57M | USD | 1 Quarter |
| Income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$27.83M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$210.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$2.25M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$16.36M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$25.58M | USD | 1 Quarter |
| Less: Net loss attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-106.00K | USD | 1 Quarter |
| Less: Net loss attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-99.00K | USD | 1 Quarter |
| Net income attributable to Belden |
NetIncomeLoss
|
$25.69M | USD | 1 Quarter |
| Net income attributable to Belden |
NetIncomeLoss
|
$16.46M | USD | 1 Quarter |
| Less: Preferred stock dividends |
PreferredStockDividendsIncomeStatementImpact
|
- | USD | 1 Quarter |
| Less: Preferred stock dividends |
PreferredStockDividendsIncomeStatementImpact
|
$8.73M | USD | 1 Quarter |
| Net income attributable to Belden common stockholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$16.46M | USD | 1 Quarter |
| Net income attributable to Belden common stockholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$16.95M | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
42.01M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
42.22M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
42.39M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
42.67M | shares | 1 Quarter |
| Net income, Basic (in usd per share) |
EarningsPerShareBasic
|
$0.39 | USD | 1 Quarter |
| Net income, Basic (in usd per share) |
EarningsPerShareBasic
|
$0.40 | USD | 1 Quarter |
| Net income, Diluted (in usd per share) |
EarningsPerShareDiluted
|
$0.40 | USD | 1 Quarter |
| Net income, Diluted (in usd per share) |
EarningsPerShareDiluted
|
$0.39 | USD | 1 Quarter |
| Comprehensive income attributable to Belden |
ComprehensiveIncomeNetOfTax
|
$16.28M | USD | 1 Quarter |
| Comprehensive income attributable to Belden |
ComprehensiveIncomeNetOfTax
|
$14.74M | USD | 1 Quarter |
| Dividends declared per share (in usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.05 | USD | 1 Quarter |
| Dividends declared per share (in usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.05 | USD | 1 Quarter |
Cash Flow Statement
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$16.36M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$25.58M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$37.20M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$35.05M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$3.93M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$4.10M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInReceivables
|
$-45.10M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInReceivables
|
$-9.42M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$16.62M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$27.25M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$3.40M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-17.19M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-52.61M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-53.73M | USD | 1 Quarter |
| Accrued taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-2.39M | USD | 1 Quarter |
| Accrued taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-6.33M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$5.79M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$1.23M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$-483.00K | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$3.83M | USD | 1 Quarter |
| Net cash provided by (used for) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-12.26M | USD | 1 Quarter |
| Net cash provided by (used for) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$12.61M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$10.40M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$13.43M | USD | 1 Quarter |
| Cash used to acquire businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Cash used to acquire businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$15.35M | USD | 1 Quarter |
| Proceeds from disposal of tangible assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
- | USD | 1 Quarter |
| Proceeds from disposal of tangible assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$10.00K | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-10.40M | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-28.77M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$10.84M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$2.10M | USD | 1 Quarter |
| Withholding tax payments for share-based payment awards, net of proceeds from the exercise of stock options |
ProceedsfromPaymentsForStockOptionsExercised
|
$-2.83M | USD | 1 Quarter |
| Withholding tax payments for share-based payment awards, net of proceeds from the exercise of stock options |
ProceedsfromPaymentsForStockOptionsExercised
|
$-4.38M | USD | 1 Quarter |
| Debt issuance costs paid |
PaymentsOfDebtIssuanceCosts
|
- | USD | 1 Quarter |
| Debt issuance costs paid |
PaymentsOfDebtIssuanceCosts
|
$4.00K | USD | 1 Quarter |
| Payments under borrowing arrangements |
RepaymentsOfLongTermDebt
|
- | USD | 1 Quarter |
| Payments under borrowing arrangements |
RepaymentsOfLongTermDebt
|
$50.62M | USD | 1 Quarter |
| Net cash used for financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-55.56M | USD | 1 Quarter |
| Net cash used for financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-15.23M | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$1.23M | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$5.70M | USD | 1 Quarter |
| Decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-32.19M | USD | 1 Quarter |
| Decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-70.49M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$815.92M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$216.75M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$848.12M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$146.26M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$815.92M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$216.75M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$848.12M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$146.26M | USD | Point-in-time |
Stockholders Equity
22 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Foreign currency translation, tax income (loss) |
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
|
$1.60M | USD | 1 Quarter |
| Foreign currency translation, tax income (loss) |
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
|
$100.00K | USD | 1 Quarter |
| Adjustments to pension and postretirement liability, tax expense |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
$200.00K | USD | 1 Quarter |
| Adjustments to pension and postretirement liability, tax expense |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
$300.00K | USD | 1 Quarter |
| Dividends declared per share (in usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.05 | USD | 1 Quarter |
| Dividends declared per share (in usd per share) |
CommonStockDividendsPerShareDeclared
|
$0.05 | USD | 1 Quarter |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.46B | USD | Point-in-time |
| Beginning balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.47B | USD | Point-in-time |
| Net income (loss) |
ProfitLoss
|
$16.36M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$25.58M | USD | 1 Quarter |
| Foreign currency translation, net of $0.1 million tax |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-9.84M | USD | 1 Quarter |
| Foreign currency translation, net of $0.1 million tax |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-2.19M | USD | 1 Quarter |
| Adjustments to pension and postretirement liability, net of $0.2 million tax |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-467.00K | USD | 1 Quarter |
| Adjustments to pension and postretirement liability, net of $0.2 million tax |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-368.00K | USD | 1 Quarter |
| Other comprehensive loss, net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-9.47M | USD | 1 Quarter |
| Exercise of stock options, net of tax withholding forfeitures |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$-710.00K | USD | 1 Quarter |
| Conversion of restricted stock units into common stock, net of tax withholding forfeitures |
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
$-3.67M | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$3.93M | USD | 1 Quarter |
| Preferred stock dividends |
DividendsPreferredStockCash
|
$8.73M | USD | 1 Quarter |
| Common stock dividends ($0.05 per share) |
DividendsCommonStockCash
|
$2.12M | USD | 1 Quarter |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.46B | USD | Point-in-time |
| Ending balance |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.47B | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.