10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001037868-21-000019 |
| Period End Date | 20210331 |
| Filing Date | 20210504 |
| Fiscal Year | 2021 |
| Fiscal Period | Q1 |
| XBRL Instance | ame-20210331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
57 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.12B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$1.21B | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$678.47M | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$597.47M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$559.17M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$604.32M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$153.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$167.04M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.57B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.52B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$526.53M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$549.31M | USD | Point-in-time |
| Right of use assets, net |
OperatingLeaseRightOfUseAsset
|
$167.23M | USD | Point-in-time |
| Right of use assets, net |
OperatingLeaseRightOfUseAsset
|
$166.68M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$4.29B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$4.22B | USD | Point-in-time |
| Other intangibles, net |
IntangibleAssetsNetExcludingGoodwill
|
$2.62B | USD | Point-in-time |
| Other intangibles, net |
IntangibleAssetsNetExcludingGoodwill
|
$2.70B | USD | Point-in-time |
| Investments and other assets |
InvestmentsAndOtherNoncurrentAssets
|
$297.15M | USD | Point-in-time |
| Investments and other assets |
InvestmentsAndOtherNoncurrentAssets
|
$292.62M | USD | Point-in-time |
| Total assets |
Assets
|
$10.58B | USD | Point-in-time |
| Total assets |
Assets
|
$10.36B | USD | Point-in-time |
| Short-term borrowings and current portion of long-term debt, net |
DebtCurrent
|
$132.28M | USD | Point-in-time |
| Short-term borrowings and current portion of long-term debt, net |
DebtCurrent
|
$94.67M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$397.07M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$360.37M | USD | Point-in-time |
| Customer advanced payments |
ContractWithCustomerLiabilityCurrent
|
$194.63M | USD | Point-in-time |
| Customer advanced payments |
ContractWithCustomerLiabilityCurrent
|
$236.30M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$38.90M | USD | Point-in-time |
| Income taxes payable |
AccruedIncomeTaxesCurrent
|
$61.92M | USD | Point-in-time |
| Accrued liabilities and other |
AccruedLiabilitiesCurrent
|
$349.73M | USD | Point-in-time |
| Accrued liabilities and other |
AccruedLiabilitiesCurrent
|
$348.50M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.08B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.14B | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$2.28B | USD | Point-in-time |
| Long-term debt, net |
LongTermDebtNoncurrent
|
$2.26B | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$544.93M | USD | Point-in-time |
| Deferred income taxes |
DeferredIncomeTaxLiabilitiesNet
|
$533.48M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$518.84M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$517.30M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.46B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$4.41B | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$2.68M | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$2.68M | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapitalCommonStock
|
$928.41M | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapitalCommonStock
|
$921.75M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$7.27B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$7.09B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-512.88M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-504.47M | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$1.57B | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$1.57B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$6.12B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$5.95B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$5.33B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$10.36B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$10.58B | USD | Point-in-time |
Income Statement
30 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$1.20B | USD | 1 Quarter |
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$1.22B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$789.39M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$824.65M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$145.53M | USD | 1 Quarter |
| Selling, general and administrative |
SellingGeneralAndAdministrativeExpense
|
$133.00M | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$922.40M | USD | 1 Quarter |
| Total operating expenses |
CostsAndExpenses
|
$970.18M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$293.35M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$232.04M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$18.95M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$22.74M | USD | 1 Quarter |
| Other (expense) income, net |
OtherNonoperatingIncomeExpense
|
$141.78M | USD | 1 Quarter |
| Other (expense) income, net |
OtherNonoperatingIncomeExpense
|
$-1.94M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$272.46M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$351.07M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$53.22M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$70.46M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$219.23M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$280.62M | USD | 1 Quarter |
| Basic earnings per share (in usd per share) |
EarningsPerShareBasic
|
$1.23 | USD | 1 Quarter |
| Basic earnings per share (in usd per share) |
EarningsPerShareBasic
|
$0.95 | USD | 1 Quarter |
| Diluted earnings per share (in usd per share) |
EarningsPerShareDiluted
|
$0.94 | USD | 1 Quarter |
| Diluted earnings per share (in usd per share) |
EarningsPerShareDiluted
|
$1.22 | USD | 1 Quarter |
| Basic shares |
WeightedAverageNumberOfSharesOutstandingBasic
|
230.44M | shares | 1 Quarter |
| Basic shares |
WeightedAverageNumberOfSharesOutstandingBasic
|
228.96M | shares | 1 Quarter |
| Diluted shares |
WeightedAverageNumberOfDilutedSharesOutstanding
|
230.87M | shares | 1 Quarter |
| Diluted shares |
WeightedAverageNumberOfDilutedSharesOutstanding
|
232.30M | shares | 1 Quarter |
| Dividends declared and paid per share (in usd per shares) |
CommonStockDividendsPerShareCashPaid
|
$0.18 | USD | 1 Quarter |
| Dividends declared and paid per share (in usd per shares) |
CommonStockDividendsPerShareCashPaid
|
$0.20 | USD | 1 Quarter |
Cash Flow Statement
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$280.62M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$219.23M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$66.07M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$64.62M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$8.10M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxesAndTaxCredits
|
$-4.04M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$11.44M | USD | 1 Quarter |
| Share-based compensation expense |
ShareBasedCompensation
|
$7.85M | USD | 1 Quarter |
| Gain on sale of business |
GainLossOnSaleOfBusiness
|
$141.02M | USD | 1 Quarter |
| Gain on sale of business |
GainLossOnSaleOfBusiness
|
- | USD | 1 Quarter |
| Gain on sale of facilities |
GainLossOnSaleOfFacilities
|
$4.59M | USD | 1 Quarter |
| Gain on sale of facilities |
GainLossOnSaleOfFacilities
|
- | USD | 1 Quarter |
| Net change in assets and liabilities, net of acquisitions |
IncreaseDecreaseInOperatingCapital
|
$-71.20M | USD | 1 Quarter |
| Net change in assets and liabilities, net of acquisitions |
IncreaseDecreaseInOperatingCapital
|
$13.28M | USD | 1 Quarter |
| Pension contributions |
PensionContributions
|
$1.50M | USD | 1 Quarter |
| Pension contributions |
PensionContributions
|
$2.04M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$3.82M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$3.67M | USD | 1 Quarter |
| Total operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$284.41M | USD | 1 Quarter |
| Total operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$270.75M | USD | 1 Quarter |
| Additions to property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$16.93M | USD | 1 Quarter |
| Additions to property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$17.54M | USD | 1 Quarter |
| Purchases of businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$263.95M | USD | 1 Quarter |
| Purchases of businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$116.61M | USD | 1 Quarter |
| Proceeds from sale of business |
ProceedsFromDivestitureOfBusinesses
|
- | USD | 1 Quarter |
| Proceeds from sale of business |
ProceedsFromDivestitureOfBusinesses
|
$245.31M | USD | 1 Quarter |
| Proceeds from sale of facilities |
ProceedsFromSaleOfFacilities
|
$5.46M | USD | 1 Quarter |
| Proceeds from sale of facilities |
ProceedsFromSaleOfFacilities
|
- | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$1.68M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$3.02M | USD | 1 Quarter |
| Total investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-284.50M | USD | 1 Quarter |
| Total investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$115.56M | USD | 1 Quarter |
| Net change in short-term borrowings |
ProceedsFromRepaymentsOfShortTermDebt
|
$22.25M | USD | 1 Quarter |
| Net change in short-term borrowings |
ProceedsFromRepaymentsOfShortTermDebt
|
$-32.95M | USD | 1 Quarter |
| Proceeds from long-term borrowings |
ProceedsFromIssuanceOfLongTermDebt
|
$500.00M | USD | 1 Quarter |
| Proceeds from long-term borrowings |
ProceedsFromIssuanceOfLongTermDebt
|
- | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$101.00K | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$8.00M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$46.03M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$41.16M | USD | 1 Quarter |
| Proceeds from stock option exercises |
ProceedsFromStockOptionsExercised
|
$6.92M | USD | 1 Quarter |
| Proceeds from stock option exercises |
ProceedsFromStockOptionsExercised
|
$6.98M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-1.31M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-3.95M | USD | 1 Quarter |
| Total financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-84.01M | USD | 1 Quarter |
| Total financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$486.65M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-12.61M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-5.06M | USD | 1 Quarter |
| Increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$860.35M | USD | 1 Quarter |
| Increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-89.16M | USD | 1 Quarter |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.25B | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.12B | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$393.03M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.21B | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.25B | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.12B | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$393.03M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$1.21B | USD | Point-in-time |
Stockholders Equity
16 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Preferred stock, par value (in usd per share) |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Preferred stock, par value (in usd per share) |
PreferredStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, par value (in usd per share) |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Common stock, par value (in usd per share) |
CommonStockParOrStatedValuePerShare
|
$0.01 | USD | Point-in-time |
| Tax related to investment hedge instruments gain (loss) |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
$-9.12M | USD | 1 Quarter |
| Tax related to investment hedge instruments gain (loss) |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
$-5.94M | USD | 1 Quarter |
| Tax related to amortization of net actuarial loss (gain) |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
|
$531.00K | USD | 1 Quarter |
| Tax related to amortization of net actuarial loss (gain) |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax
|
$527.00K | USD | 1 Quarter |
| Balance at the beginning of the year |
StockholdersEquity
|
$6.12B | USD | Point-in-time |
| Balance at the beginning of the year |
StockholdersEquity
|
$5.95B | USD | Point-in-time |
| Balance at the beginning of the year |
StockholdersEquity
|
$5.33B | USD | Point-in-time |
| Net income |
NetIncomeLoss
|
$219.23M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$280.62M | USD | 1 Quarter |
| Balance at the end of the year |
StockholdersEquity
|
$6.12B | USD | Point-in-time |
| Balance at the end of the year |
StockholdersEquity
|
$5.95B | USD | Point-in-time |
| Balance at the end of the year |
StockholdersEquity
|
$5.33B | USD | Point-in-time |
Comprehensive Income
2 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$238.02M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTax
|
$210.83M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.