10-Q Filing

AVINTIV SPECIALTY MATERIALS INC. CIK: 927417 Q1 2013

Filing Information

Form Type	10-Q
Accession Number	`0000927417-13-000017`
Period End Date	20130331
Filing Date	20130509
Fiscal Year	2013
Fiscal Period	Q1
XBRL Instance	pymr-20130330.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 32 Cash Flow Statement 58 Stockholders Equity 10

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$119.17M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$106.13M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1,000.00	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	1,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$79.62M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1,000.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$72.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$74.63M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$97.88M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	1,000.00	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$139.85M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$131.57M	USD	Point-in-time
Inventories, net	`InventoryNet`	$96.89M	USD	Point-in-time
Inventories, net	`InventoryNet`	$94.96M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.81M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$3.83M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$33.41M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$40.08M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$361.66M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$355.25M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $119,170 and $106,134, respectively	`PropertyPlantAndEquipmentNet`	$477.96M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $119,170 and $106,134, respectively	`PropertyPlantAndEquipmentNet`	$479.17M	USD	Point-in-time
Goodwill	`Goodwill`	$80.61M	USD	Point-in-time
Goodwill	`Goodwill`	$80.71M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$75.66M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$73.64M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$1.22M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetNoncurrent`	$945.00K	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$24.86M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$24.03M	USD	Point-in-time
Total assets	`Assets`	$1.01B	USD	Point-in-time
Total assets	`Assets`	$1.02B	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$1.41M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$813.00K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$193.18M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrent`	$196.91M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.84M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.72M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$479.00K	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesCurrent`	$479.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$21.46M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$19.48M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$220.25M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$221.51M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$579.40M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$583.20M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$33.18M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$33.05M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$48.77M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$47.61M	USD	Point-in-time
Total liabilities	`Liabilities`	$884.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$882.87M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock 1,000 shares issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Common stock 1,000 shares issued and outstanding	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$256.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$256.18M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-108.44M	USD	Point-in-time
Retained earnings (deficit)	`RetainedEarningsAccumulatedDeficit`	$-102.21M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-18.45M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-14.77M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$139.20M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$129.53M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.02B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.01B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$295.17M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$287.08M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$241.22M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$241.98M	USD	1 Quarter
Gross profit	`GrossProfit`	$45.87M	USD	1 Quarter
Gross profit	`GrossProfit`	$53.19M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.34M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$34.13M	USD	1 Quarter
Special charges, net	`SpecialChargesNet`	$-2.42M	USD	1 Quarter
Special charges, net	`SpecialChargesNet`	$-1.80M	USD	1 Quarter
Other operating, net	`OtherCostAndExpenseOperating`	$-361.00K	USD	1 Quarter
Other operating, net	`OtherCostAndExpenseOperating`	$340.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$9.38M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$17.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.08M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.85M	USD	1 Quarter
Foreign currency and other, net	`OtherNonoperatingIncomeExpense`	$-1.42M	USD	1 Quarter
Foreign currency and other, net	`OtherNonoperatingIncomeExpense`	$62.00K	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$4.21M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.12M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$4.48M	USD	1 Quarter
Income tax (provision) benefit	`IncomeTaxExpenseBenefit`	$2.10M	USD	1 Quarter
Net income (loss)	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-6.23M	USD	1 Quarter
Net income (loss)	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-265.00K	USD	1 Quarter
Currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.77M	USD	1 Quarter
Currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.82M	USD	1 Quarter
Employee postretirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-96.00K	USD	1 Quarter
Employee postretirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-3.68M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$4.82M	USD	1 Quarter
Other comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-9.90M	USD	1 Quarter
Other comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$4.56M	USD	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$-6.23M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-265.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-28.00K	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortizationContinuingAndDiscontinuedOperations`	$15.85M	USD	1 Quarter
Depreciation and amortization expense	`DepreciationAndAmortizationContinuingAndDiscontinuedOperations`	$16.15M	USD	1 Quarter
(Gain) loss on financial instruments	`GainLossOnSaleOfDerivatives`	$147.00K	USD	1 Quarter
(Gain) loss on financial instruments	`GainLossOnSaleOfDerivatives`	-	USD	1 Quarter
(Gain) loss on sale of assets, net	`GainLossOnDispositionOfAssets`	$-67.00K	USD	1 Quarter
(Gain) loss on sale of assets, net	`GainLossOnDispositionOfAssets`	$6.00K	USD	1 Quarter
Non-cash compensation	`ShareBasedCompensation`	$204.00K	USD	1 Quarter
Non-cash compensation	`ShareBasedCompensation`	$236.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$9.88M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-428.00K	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-5.76M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$3.25M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$6.36M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$2.88M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-2.38M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-3.53M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-3.06M	USD	1 Quarter
Other, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.88M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$19.61M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-14.71M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.31M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.32M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$11.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.66M	USD	1 Quarter
Acquisition of intangibles and other	`PaymentsToAcquireIntangibleAssets`	$53.00K	USD	1 Quarter
Acquisition of intangibles and other	`PaymentsToAcquireIntangibleAssets`	$56.00K	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.71M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.36M	USD	1 Quarter
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$24.00K	USD	1 Quarter
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfOtherLongTermDebt`	$6.67M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$1.44M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromShortTermDebt`	$1.45M	USD	1 Quarter
Repayment of long-term borrowings	`RepaymentsOfOtherLongTermDebt`	$940.00K	USD	1 Quarter
Repayment of long-term borrowings	`RepaymentsOfOtherLongTermDebt`	$912.00K	USD	1 Quarter
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	$2.07M	USD	1 Quarter
Repayment of short-term borrowings	`RepaymentsOfShortTermDebt`	$848.00K	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.35M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.55M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$523.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-534.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.88M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-23.25M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$79.62M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$72.74M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$74.63M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$97.88M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$79.62M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$72.74M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$74.63M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$97.88M	USD	Point-in-time
Cash payments for interest	`InterestPaidNet`	$22.30M	USD	1 Quarter
Cash payments for interest	`InterestPaidNet`	$23.54M	USD	1 Quarter
Cash payments (receipts) for taxes, net	`IncomeTaxesPaidNet`	$2.72M	USD	1 Quarter
Cash payments (receipts) for taxes, net	`IncomeTaxesPaidNet`	$3.44M	USD	1 Quarter

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Balance -- beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$139.20M	USD	Point-in-time
Balance -- beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$129.53M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$-6.23M	USD	1 Quarter
Net income (loss)	`ProfitLoss`	$-265.00K	USD	1 Quarter
Employee postretirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-96.00K	USD	1 Quarter
Employee postretirement benefits, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	-	USD	1 Quarter
Currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-3.77M	USD	1 Quarter
Currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$4.82M	USD	1 Quarter
Balance -- end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$139.20M	USD	Point-in-time
Balance -- end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$129.53M	USD	Point-in-time

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