10-Q Filing

ENTEGRIS INC CIK: 1101302 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001101302-17-000013`
Period End Date	20170331
Filing Date	20170427
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	entg-20170401.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 34 Cash Flow Statement 58 Comprehensive Income 12

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Trade accounts and notes receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.47M	USD	Point-in-time
Trade accounts and notes receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.25M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$387.52M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$398.67M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$391.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$349.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$344.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$406.39M	USD	Point-in-time
Intangible assets, Accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$249.11M	USD	Point-in-time
Intangible assets, Accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$237.21M	USD	Point-in-time
Trade accounts and notes receivable, net of allowance for doubtful accounts of $2,249 and $2,474	`AccountsNotesAndLoansReceivableNetCurrent`	$176.03M	USD	Point-in-time
Unamortized discount and debt issuance costs	`Unamortizeddiscountanddebtissuancecosts`	$8.54M	USD	Point-in-time
Trade accounts and notes receivable, net of allowance for doubtful accounts of $2,249 and $2,474	`AccountsNotesAndLoansReceivableNetCurrent`	$165.68M	USD	Point-in-time
Unamortized discount and debt issuance costs	`Unamortizeddiscountanddebtissuancecosts`	$9.17M	USD	Point-in-time
Inventories	`InventoryNet`	$188.34M	USD	Point-in-time
Inventories	`InventoryNet`	$183.53M	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
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Deferred tax charges and refundable income taxes	`Deferredtaxchargesandrefundableincometaxes`	$20.14M	USD	Point-in-time
Deferred tax charges and refundable income taxes	`Deferredtaxchargesandrefundableincometaxes`	$16.73M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$24.40M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$19.49M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$791.75M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$800.13M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $398,667 and $387,523	`PropertyPlantAndEquipmentNet`	$321.56M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $398,667 and $387,523	`PropertyPlantAndEquipmentNet`	$330.93M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	141.71M	shares	Point-in-time
Goodwill	`Goodwill`	$345.27M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	141.32M	shares	Point-in-time
Goodwill	`Goodwill`	$349.12M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	141.32M	shares	Point-in-time
Intangible assets, net of accumulated amortization of $249,110 and $237,207	`FiniteLivedIntangibleAssetsNet`	$217.55M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	141.71M	shares	Point-in-time
Intangible assets, net of accumulated amortization of $249,110 and $237,207	`FiniteLivedIntangibleAssetsNet`	$208.59M	USD	Point-in-time
Deferred tax assets and other noncurrent tax assets	`DeferredIncomeTaxAssetsNet`	$8.42M	USD	Point-in-time
Deferred tax assets and other noncurrent tax assets	`DeferredIncomeTaxAssetsNet`	$8.02M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$7.00M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$7.29M	USD	Point-in-time
Total assets	`Assets`	$1.70B	USD	Point-in-time
Total assets	`Assets`	$1.70B	USD	Point-in-time
Long-term debt, current maturities	`LongTermDebtCurrent`	$100.00M	USD	Point-in-time
Long-term debt, current maturities	`LongTermDebtCurrent`	$100.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$61.62M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.52M	USD	Point-in-time
Accrued payroll and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$54.32M	USD	Point-in-time
Accrued payroll and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$26.20M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$29.21M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$40.18M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$16.42M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$15.34M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$236.24M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$261.57M	USD	Point-in-time
Long-term debt, excluding current maturities, net of unamortized discount and debt issuance costs of $8,535 and $9,173	`LongTermDebtNoncurrent`	$460.31M	USD	Point-in-time
Long-term debt, excluding current maturities, net of unamortized discount and debt issuance costs of $8,535 and $9,173	`LongTermDebtNoncurrent`	$484.68M	USD	Point-in-time
Pension benefit obligations and other liabilities	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$27.83M	USD	Point-in-time
Pension benefit obligations and other liabilities	`PensionAndOtherPostretirementAndPostemploymentBenefitPlansLiabilitiesNoncurrent`	$27.22M	USD	Point-in-time
Deferred tax liabilities and other noncurrent tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$26.85M	USD	Point-in-time
Deferred tax liabilities and other noncurrent tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$26.65M	USD	Point-in-time
Commitments and contingent liabilities	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingent liabilities	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $.01; 5,000,000 shares authorized; none issued and outstanding as of April 1, 2017 and December 31, 2016	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.01; 5,000,000 shares authorized; none issued and outstanding as of April 1, 2017 and December 31, 2016	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.01; 400,000,000 shares authorized; issued and outstanding shares as of April 1, 2017 and December 31, 2016: 141,710,104 and 141,319,964	`CommonStockValue`	$1.41M	USD	Point-in-time
Common stock, par value $.01; 400,000,000 shares authorized; issued and outstanding shares as of April 1, 2017 and December 31, 2016: 141,710,104 and 141,319,964	`CommonStockValue`	$1.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$859.78M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$858.43M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$92.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$123.38M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-38.16M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-54.28M	USD	Point-in-time
Total equity	`StockholdersEquity`	$899.22M	USD	Point-in-time
Total equity	`StockholdersEquity`	$945.06M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.70B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.70B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$317.38M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$267.02M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$152.32M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$177.78M	USD	1 Quarter
Gross profit	`GrossProfit`	$139.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$114.71M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.49M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$47.96M	USD	1 Quarter
Engineering, research and development expenses	`ResearchAndDevelopmentExpense`	$27.24M	USD	1 Quarter
Engineering, research and development expenses	`ResearchAndDevelopmentExpense`	$25.90M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$10.95M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$11.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$29.56M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$50.92M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.22M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.47M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$80.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$69.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$675.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-902.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$21.09M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$41.62M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$4.87M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.11M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.21M	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.12	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.11	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	141.50M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	140.78M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	141.37M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	143.31M	shares	1 Quarter

Cash Flow Statement 58 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$32.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.21M	USD	1 Quarter
Depreciation	`Depreciation`	$13.98M	USD	1 Quarter
Depreciation	`Depreciation`	$13.70M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$10.95M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$11.29M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$3.87M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$2.86M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-211.00K	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.42M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-3.63M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-4.80M	USD	1 Quarter
Trade accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$7.55M	USD	1 Quarter
Trade accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$6.80M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$13.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.42M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-9.51M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-23.49M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.06M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.80M	USD	1 Quarter
Income taxes payable and refundable income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.25M	USD	1 Quarter
Income taxes payable and refundable income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-726.00K	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.29M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$3.07M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$33.43M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.34M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$17.82M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.19M	USD	1 Quarter
Proceeds from sale and maturities of short-term investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	$932.00K	USD	1 Quarter
Proceeds from sale and maturities of short-term investments	`ProceedsFromSaleOfAvailableForSaleSecurities`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$3.43M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-186.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.31M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$25.00M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.04M	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.00M	USD	1 Quarter
Repurchase and retirement of common stock	`PaymentsForRepurchaseOfCommonStock`	$3.57M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.58M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.07M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$49.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-270.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-32.80M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.59M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.15M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.14M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.23M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.42M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$391.16M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$349.82M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$344.40M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$406.39M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$391.16M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$349.82M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$344.40M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$406.39M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$32.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$16.21M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$5.60M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$16.12M	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized loss on available-for-sale securities	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-226.00K	USD	1 Quarter
Pension liability adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$11.00K	USD	1 Quarter
Pension liability adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-16.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$5.39M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$16.11M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$21.60M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$48.63M	USD	1 Quarter

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