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10-Q Filing

LEXMARK INTERNATIONAL INC /KY/ CIK: 1001288 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001001288-15-000021
Period End Date 20150331
Filing Date 20150430
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance lxk-20150331.xml
Filing Contents
Balance Sheet 66 line items
Line Item Tag Value Unit Period
Trade receivables, allowances AllowanceForDoubtfulAccountsReceivableCurrent $19.70M USD Point-in-time
Trade receivables, allowances AllowanceForDoubtfulAccountsReceivableCurrent $22.20M USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Preferred stock, par value PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $194.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $273.20M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $309.30M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $369.10M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.60M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 1.60M shares Point-in-time
Marketable securities AvailableForSaleSecuritiesDebtSecuritiesCurrent $624.60M USD Point-in-time
Marketable securities AvailableForSaleSecuritiesDebtSecuritiesCurrent $428.00M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Trade receivables, net of allowances of $19.7 in 2015 and $22.2 in 2014 AccountsReceivableNetCurrent $421.60M USD Point-in-time
Trade receivables, net of allowances of $19.7 in 2015 and $22.2 in 2014 AccountsReceivableNetCurrent $394.60M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Inventories InventoryNet $253.00M USD Point-in-time
Inventories InventoryNet $254.50M USD Point-in-time
Treasury stock, shares TreasuryStockShares 35.70M shares Point-in-time
Treasury stock, shares TreasuryStockShares 36.40M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $225.80M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $271.40M USD Point-in-time
Total current assets AssetsCurrent $1.72B USD Point-in-time
Total current assets AssetsCurrent $1.83B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $786.10M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $770.80M USD Point-in-time
Goodwill Goodwill $605.80M USD Point-in-time
Goodwill Goodwill $597.20M USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $264.30M USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $249.70M USD Point-in-time
Other assets OtherAssetsNoncurrent $142.60M USD Point-in-time
Other assets OtherAssetsNoncurrent $130.10M USD Point-in-time
Total assets Assets $3.47B USD Point-in-time
Total assets Assets $3.63B USD Point-in-time
Accounts payable AccountsPayableCurrent $531.30M USD Point-in-time
Accounts payable AccountsPayableCurrent $532.80M USD Point-in-time
Accrued liabilities OtherAccruedLiabilitiesCurrent $678.50M USD Point-in-time
Accrued liabilities OtherAccruedLiabilitiesCurrent $554.50M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.09B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.21B USD Point-in-time
Long-term debt LongTermNotesPayable $699.70M USD Point-in-time
Long-term debt LongTermNotesPayable $699.70M USD Point-in-time
Other liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $439.10M USD Point-in-time
Other liabilities LiabilitiesOtherThanLongtermDebtNoncurrent $458.80M USD Point-in-time
Total liabilities Liabilities $2.22B USD Point-in-time
Total liabilities Liabilities $2.37B USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $.01 par value, 1.6 shares authorized; no shares issued and outstanding PreferredStockValue - USD Point-in-time
Preferred stock, $.01 par value, 1.6 shares authorized; no shares issued and outstanding PreferredStockValue - USD Point-in-time
Capital in excess of par AdditionalPaidInCapitalCommonStock $964.00M USD Point-in-time
Capital in excess of par AdditionalPaidInCapitalCommonStock $956.20M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.40B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.40B USD Point-in-time
Treasury stock, net; at cost; 36.4 and 35.7 shares in 2015 and 2014, respectively TreasuryStockValue $1.04B USD Point-in-time
Treasury stock, net; at cost; 36.4 and 35.7 shares in 2015 and 2014, respectively TreasuryStockValue $1.01B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-34.90M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-88.80M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-35.20M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-91.60M USD Point-in-time
Total stockholders' equity StockholdersEquity $1.26B USD Point-in-time
Total stockholders' equity StockholdersEquity $1.24B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $3.47B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $3.63B USD Point-in-time
Income Statement 46 line items
Line Item Tag Value Unit Period
Product SalesRevenueGoodsNet $763.60M USD 1 Quarter
Product SalesRevenueGoodsNet $714.70M USD 1 Quarter
Service SalesRevenueServicesNet $114.10M USD 1 Quarter
Service SalesRevenueServicesNet $137.30M USD 1 Quarter
Total revenue Revenues $852.00M USD 1 Quarter
Total revenue Revenues $877.70M USD 1 Quarter
Product CostOfGoodsSold $428.40M USD 1 Quarter
Product CostOfGoodsSold $445.60M USD 1 Quarter
Service CostOfServices $83.90M USD 1 Quarter
Service CostOfServices $93.60M USD 1 Quarter
Restructuring-related costs OtherCostOfOperatingRevenue $100.00K USD 1 Quarter
Restructuring-related costs OtherCostOfOperatingRevenue $6.60M USD 1 Quarter
Total Cost of revenue CostOfRevenue $522.10M USD 1 Quarter
Total Cost of revenue CostOfRevenue $536.10M USD 1 Quarter
Gross profit GrossProfit $329.90M USD 1 Quarter
Gross profit GrossProfit $341.60M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $79.00M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $77.70M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $207.10M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $210.20M USD 1 Quarter
Restructuring and related (reversals) charges RestructuringCharges $-200.00K USD 1 Quarter
Restructuring and related (reversals) charges RestructuringCharges $1.60M USD 1 Quarter
Operating expense OperatingExpenses $287.70M USD 1 Quarter
Operating expense OperatingExpenses $287.70M USD 1 Quarter
Operating income OperatingIncomeLoss $53.90M USD 1 Quarter
Operating income OperatingIncomeLoss $42.20M USD 1 Quarter
Interest expense (income), net InterestIncomeExpenseNonoperatingNet $-7.70M USD 1 Quarter
Interest expense (income), net InterestIncomeExpenseNonoperatingNet $-7.90M USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $-800.00K USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $-700.00K USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $33.70M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $45.30M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $14.00M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $16.00M USD 1 Quarter
Net earnings NetIncomeLoss $19.70M USD 1 Quarter
Net earnings NetIncomeLoss $29.30M USD 1 Quarter
Basic EarningsPerShareBasic $0.47 USD 1 Quarter
Basic EarningsPerShareBasic $0.32 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.32 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.46 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 61.30M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 62.10M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 62.40M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 63.40M shares 1 Quarter
Cash dividends declared per common share CommonStockDividendsPerShareDeclared $0.36 USD 1 Quarter
Cash dividends declared per common share CommonStockDividendsPerShareDeclared $0.30 USD 1 Quarter
Cash Flow Statement 61 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $19.70M USD 1 Quarter
Net earnings NetIncomeLoss $29.30M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $65.60M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $66.40M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $6.00M USD 1 Quarter
Deferred taxes DeferredIncomeTaxExpenseBenefit $9.10M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $8.30M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $4.50M USD 1 Quarter
Pension and other postretirement income DefinedBenefitPlanNetPeriodicBenefitCost $-900.00K USD 1 Quarter
Pension and other postretirement income DefinedBenefitPlanNetPeriodicBenefitCost $-2.00M USD 1 Quarter
Other OtherNoncashIncomeExpense $-2.90M USD 1 Quarter
Other OtherNoncashIncomeExpense $-1.80M USD 1 Quarter
Trade receivables IncreaseDecreaseInAccountsReceivable $-21.60M USD 1 Quarter
Trade receivables IncreaseDecreaseInAccountsReceivable $-26.70M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $1.50M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $9.70M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $7.00M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-2.50M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInOtherOperatingLiabilities $-95.80M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInOtherOperatingLiabilities $-104.00M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $22.90M USD 1 Quarter
Other assets and liabilities IncreaseDecreaseInOtherOperatingCapitalNet $19.90M USD 1 Quarter
Pension and other postretirement contributions PensionAndOtherPostretirementBenefitContributions $5.00M USD 1 Quarter
Pension and other postretirement contributions PensionAndOtherPostretirementBenefitContributions $5.20M USD 1 Quarter
Net cash flows (used for) provided by operating activities NetCashProvidedByUsedInOperatingActivities $-10.50M USD 1 Quarter
Net cash flows (used for) provided by operating activities NetCashProvidedByUsedInOperatingActivities $10.00M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquireProductiveAssets $43.90M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquireProductiveAssets $36.70M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $241.40M USD 1 Quarter
Purchases of marketable securities PaymentsToAcquireAvailableForSaleSecuritiesDebt $210.10M USD 1 Quarter
Proceeds from sales of marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $143.50M USD 1 Quarter
Proceeds from sales of marketable securities ProceedsFromSaleOfAvailableForSaleSecurities $416.40M USD 1 Quarter
Proceeds from maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $60.50M USD 1 Quarter
Proceeds from maturities of marketable securities ProceedsFromMaturitiesPrepaymentsAndCallsOfAvailableForSaleSecurities $22.20M USD 1 Quarter
Purchase of business, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $30.30M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $500.00K USD 1 Quarter
Net cash flows provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $129.70M USD 1 Quarter
Net cash flows provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $-50.00M USD 1 Quarter
Repayment of assumed debt RepaymentOfAssumedDebt $1.30M USD 1 Quarter
Purchase of shares from noncontrolling interests PaymentsToMinorityShareholders $4.60M USD 1 Quarter
Payment of cash dividend PaymentsOfDividendsCommonStock $18.60M USD 1 Quarter
Payment of cash dividend PaymentsOfDividendsCommonStock $22.10M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $21.00M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $30.00M USD 1 Quarter
Proceeds from employee stock plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $2.10M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $2.40M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $1.10M USD 1 Quarter
Net cash flows used for financing activities NetCashProvidedByUsedInFinancingActivities $-55.60M USD 1 Quarter
Net cash flows used for financing activities NetCashProvidedByUsedInFinancingActivities $-36.40M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-2.10M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-3.80M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $59.80M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-78.50M USD 1 Quarter
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $194.70M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $273.20M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $309.30M USD Point-in-time
Cash and cash equivalents - beginning of period CashAndCashEquivalentsAtCarryingValue $369.10M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $194.70M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $273.20M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $309.30M USD Point-in-time
Cash and cash equivalents - end of period CashAndCashEquivalentsAtCarryingValue $369.10M USD Point-in-time
Comprehensive Income 13 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $19.70M USD 1 Quarter
Net earnings NetIncomeLoss $29.30M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-49.60M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-100.00K USD 1 Quarter
Recognition of pension and other postretirement benefit plans prior service credit, net of (amortization) OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $100.00K USD 1 Quarter
Recognition of pension and other postretirement benefit plans prior service credit, net of (amortization) OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-100.00K USD 1 Quarter
Net unrealized gain on marketable securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $800.00K USD 1 Quarter
Net unrealized gain on marketable securities OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax $300.00K USD 1 Quarter
Unrealized gain on cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $51.70M USD 1 Quarter
Total other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $300.00K USD 1 Quarter
Total other comprehensive earnings (loss) OtherComprehensiveIncomeLossNetOfTax $2.80M USD 1 Quarter
Comprehensive earnings ComprehensiveIncomeNetOfTax $22.50M USD 1 Quarter
Comprehensive earnings ComprehensiveIncomeNetOfTax $29.60M USD 1 Quarter

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

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