10-Q Filing

AMETEK INC/ CIK: 1037868 Q3 2022

Filing Information

Form Type	10-Q
Accession Number	`0001037868-22-000054`
Period End Date	20220930
Filing Date	20221101
Fiscal Year	2022
Fiscal Period	Q3
XBRL Instance	ame-20220930_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 57 Income Statement 60 Cash Flow Statement 58 Stockholders Equity 20 Comprehensive Income 4

Balance Sheet 57 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$346.77M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$309.94M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$876.46M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$829.21M	USD	Point-in-time
Inventories, net	`InventoryNet`	$769.17M	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.03B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$183.60M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$221.03M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.43B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.13B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$617.14M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$594.93M	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$169.92M	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$161.22M	USD	Point-in-time
Goodwill	`Goodwill`	$5.19B	USD	Point-in-time
Goodwill	`Goodwill`	$5.24B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$3.37B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$3.25B	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$405.78M	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$375.00M	USD	Point-in-time
Total assets	`Assets`	$12.04B	USD	Point-in-time
Total assets	`Assets`	$11.90B	USD	Point-in-time
Short-term borrowings and current portion of long-term debt, net	`DebtCurrent`	$272.03M	USD	Point-in-time
Short-term borrowings and current portion of long-term debt, net	`DebtCurrent`	$315.09M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$470.25M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$524.25M	USD	Point-in-time
Customer advanced payments	`ContractWithCustomerLiabilityCurrent`	$332.24M	USD	Point-in-time
Customer advanced payments	`ContractWithCustomerLiabilityCurrent`	$298.73M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$35.90M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$49.06M	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesCurrent`	$413.80M	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesCurrent`	$443.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.56B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.59B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.09B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.23B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$696.09M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$719.67M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$533.42M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$514.17M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.91B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.03B	USD	Point-in-time
Common stock	`CommonStockValue`	$2.69M	USD	Point-in-time
Common stock	`CommonStockValue`	$2.69M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.06B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.01B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$8.60B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.90B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-470.44M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-628.00M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.90B	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.57B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.87B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$7.13B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$6.56B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$11.90B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$12.04B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.52B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.44B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$4.04B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.55B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.94B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.00B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$949.40M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.65B	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$153.72M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$443.74M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$480.66M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$162.67M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$3.42B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.10B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$3.10B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.17B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$1.10B	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$947.52M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$384.52M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$337.56M	USD	1 Quarter
Interest expense	`InterestExpense`	$20.48M	USD	1 Quarter
Interest expense	`InterestExpense`	$20.25M	USD	1 Quarter
Interest expense	`InterestExpense`	$60.16M	USD	3 Qtrs
Interest expense	`InterestExpense`	$59.87M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.58M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-3.77M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$7.75M	USD	3 Qtrs
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$3.23M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$319.67M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$1.05B	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$883.88M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$367.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$197.73M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$175.51M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$69.86M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$62.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$708.37M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$297.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$852.46M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$257.46M	USD	1 Quarter
Basic earnings per share (in usd per share)	`EarningsPerShareBasic`	$3.07	USD	3 Qtrs
Basic earnings per share (in usd per share)	`EarningsPerShareBasic`	$3.70	USD	3 Qtrs
Basic earnings per share (in usd per share)	`EarningsPerShareBasic`	$1.11	USD	1 Quarter
Basic earnings per share (in usd per share)	`EarningsPerShareBasic`	$1.30	USD	1 Quarter
Diluted earnings per share (in usd per share)	`EarningsPerShareDiluted`	$3.68	USD	3 Qtrs
Diluted earnings per share (in usd per share)	`EarningsPerShareDiluted`	$1.10	USD	1 Quarter
Diluted earnings per share (in usd per share)	`EarningsPerShareDiluted`	$1.29	USD	1 Quarter
Diluted earnings per share (in usd per share)	`EarningsPerShareDiluted`	$3.04	USD	3 Qtrs
Basic shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	230.36M	shares	3 Qtrs
Basic shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	230.81M	shares	3 Qtrs
Basic shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	229.50M	shares	1 Quarter
Basic shares (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	231.17M	shares	1 Quarter
Diluted shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	233.00M	shares	1 Quarter
Diluted shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	230.71M	shares	1 Quarter
Diluted shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	231.68M	shares	3 Qtrs
Diluted shares (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	232.71M	shares	3 Qtrs
Dividends declared and paid per share (in usd per shares)	`CommonStockDividendsPerShareCashPaid`	$0.66	USD	3 Qtrs
Dividends declared and paid per share (in usd per shares)	`CommonStockDividendsPerShareCashPaid`	$0.60	USD	3 Qtrs
Dividends declared and paid per share (in usd per shares)	`CommonStockDividendsPerShareCashPaid`	$0.22	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`	$852.46M	USD	3 Qtrs
Net income	`ProfitLoss`	$708.37M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$214.49M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$230.97M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-32.89M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-7.21M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$12.06M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$11.43M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$35.02M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$34.59M	USD	3 Qtrs
Gain on sale of business/investment	`GainLossOnSaleOfBusiness`	$6.35M	USD	3 Qtrs
Gain on sale of business/investment	`GainLossOnSaleOfBusiness`	$3.58M	USD	3 Qtrs
Gain on sale of facilities	`GainLossOnSaleOfFacilities`	$7.05M	USD	3 Qtrs
Gain on sale of facilities	`GainLossOnSaleOfFacilities`	-	USD	3 Qtrs
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$299.31M	USD	3 Qtrs
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$60.95M	USD	3 Qtrs
Pension contributions	`PensionContributions`	$6.41M	USD	3 Qtrs
Pension contributions	`PensionContributions`	$5.24M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$5.58M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-1.59M	USD	3 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivities`	$764.36M	USD	3 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivities`	$878.56M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$80.83M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$67.23M	USD	3 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$190.32M	USD	3 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.84B	USD	3 Qtrs
Proceeds from sale of business/investment	`ProceedsFromDivestitureOfBusinesses`	$12.00M	USD	3 Qtrs
Proceeds from sale of business/investment	`ProceedsFromDivestitureOfBusinesses`	$3.73M	USD	3 Qtrs
Proceeds from sale of facilities	`ProceedsFromSaleOfFacilities`	$11.75M	USD	3 Qtrs
Proceeds from sale of facilities	`ProceedsFromSaleOfFacilities`	-	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-124.00K	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$291.00K	USD	3 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-255.54M	USD	3 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.90B	USD	3 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-26.32M	USD	3 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$286.13M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$331.42M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$13.06M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$138.34M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$151.63M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$42.30M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$23.24M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.82M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-15.06M	USD	3 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-501.19M	USD	3 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivities`	$171.20M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-8.72M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-44.46M	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-36.83M	USD	3 Qtrs
Decrease in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-854.15M	USD	3 Qtrs
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$346.77M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.21B	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$309.94M	USD	Point-in-time
Beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$358.68M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$346.77M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.21B	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$309.94M	USD	Point-in-time
End of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$358.68M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
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`	$-34.21M	USD	3 Qtrs
Tax related to investment hedge instruments gain (loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax`	$-10.19M	USD	3 Qtrs
Tax related to investment hedge instruments gain (loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax`	$-5.71M	USD	1 Quarter
Tax related to investment hedge instruments gain (loss)	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax`	$-14.60M	USD	1 Quarter
Tax related to amortization of net actuarial loss (gain)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$1.58M	USD	3 Qtrs
Tax related to amortization of net actuarial loss (gain)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$326.00K	USD	1 Quarter
Tax related to amortization of net actuarial loss (gain)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$977.00K	USD	3 Qtrs
Tax related to amortization of net actuarial loss (gain)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$527.00K	USD	1 Quarter
Balance at the beginning of the year	`StockholdersEquity`	$6.87B	USD	Point-in-time
Balance at the beginning of the year	`StockholdersEquity`	$7.13B	USD	Point-in-time
Balance at the beginning of the year	`StockholdersEquity`	$6.56B	USD	Point-in-time
Net income	`NetIncomeLoss`	$708.37M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$297.64M	USD	1 Quarter
Net income	`NetIncomeLoss`	$852.46M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$257.46M	USD	1 Quarter
Balance at the end of the year	`StockholdersEquity`	$6.87B	USD	Point-in-time
Balance at the end of the year	`StockholdersEquity`	$7.13B	USD	Point-in-time
Balance at the end of the year	`StockholdersEquity`	$6.56B	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$688.58M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$215.57M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$694.90M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$240.08M	USD	1 Quarter

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