10-Q Filing

ENTEGRIS INC CIK: 1101302 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001101302-18-000022`
Period End Date	20180331
Filing Date	20180426
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	entg-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 34 Cash Flow Statement 64 Comprehensive Income 10

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Trade accounts and notes receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$917.00K	USD	Point-in-time
Trade accounts and notes receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$860.00K	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$427.77M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$443.61M	USD	Point-in-time
Intangible assets, Accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$281.44M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$406.39M	USD	Point-in-time
Intangible assets, Accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$293.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$391.16M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$625.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$550.24M	USD	Point-in-time
Trade accounts and notes receivable, net of allowance for doubtful accounts of $917 and $860	`AccountsNotesAndLoansReceivableNetCurrent`	$183.43M	USD	Point-in-time
Unamortized discount and debt issuance costs	`Unamortizeddiscountanddebtissuancecosts`	$9.47M	USD	Point-in-time
Unamortized discount and debt issuance costs	`Unamortizeddiscountanddebtissuancecosts`	$9.03M	USD	Point-in-time
Trade accounts and notes receivable, net of allowance for doubtful accounts of $917 and $860	`AccountsNotesAndLoansReceivableNetCurrent`	$195.28M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$198.09M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$214.15M	USD	Point-in-time
Deferred tax charges and refundable income taxes	`Deferredtaxchargesandrefundableincometaxes`	$18.01M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Deferred tax charges and refundable income taxes	`Deferredtaxchargesandrefundableincometaxes`	$17.37M	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`	$32.66M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$34.01M	USD	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
Total current assets	`AssetsCurrent`	$1.06B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.01B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $443,614 and $427,766	`PropertyPlantAndEquipmentNet`	$359.52M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $443,614 and $427,766	`PropertyPlantAndEquipmentNet`	$364.30M	USD	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
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`	141.28M	shares	Point-in-time
Goodwill	`Goodwill`	$359.69M	USD	Point-in-time
Goodwill	`Goodwill`	$375.34M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	141.80M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	141.28M	shares	Point-in-time
Intangible assets, net of accumulated amortization of $293,265 and $281,439	`FiniteLivedIntangibleAssetsNet`	$182.43M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	141.80M	shares	Point-in-time
Intangible assets, net of accumulated amortization of $293,265 and $281,439	`FiniteLivedIntangibleAssetsNet`	$190.81M	USD	Point-in-time
Deferred tax assets and other noncurrent tax assets	`DeferredIncomeTaxAssetsNet`	$9.10M	USD	Point-in-time
Deferred tax assets and other noncurrent tax assets	`DeferredIncomeTaxAssetsNet`	$10.19M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$9.64M	USD	Point-in-time
Other	`OtherAssetsNoncurrent`	$7.82M	USD	Point-in-time
Total assets	`Assets`	$1.98B	USD	Point-in-time
Total assets	`Assets`	$1.96B	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`	$68.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$68.76M	USD	Point-in-time
Accrued payroll and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$64.86M	USD	Point-in-time
Accrued payroll and related benefits	`EmployeeRelatedLiabilitiesCurrent`	$30.11M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$39.96M	USD	Point-in-time
Other accrued liabilities	`OtherLiabilitiesCurrent`	$34.51M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$22.84M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$28.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$266.47M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$290.97M	USD	Point-in-time
Long-term debt, excluding current maturities, net of unamortized discount and debt issuance costs of $9,029 and $9,470	`LongTermDebtNoncurrent`	$574.38M	USD	Point-in-time
Long-term debt, excluding current maturities, net of unamortized discount and debt issuance costs of $9,029 and $9,470	`LongTermDebtNoncurrent`	$549.82M	USD	Point-in-time
Pension benefit obligations and other liabilities	`OtherLiabilitiesNoncurrent`	$33.78M	USD	Point-in-time
Pension benefit obligations and other liabilities	`OtherLiabilitiesNoncurrent`	$32.13M	USD	Point-in-time
Deferred tax liabilities and other noncurrent tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$85.67M	USD	Point-in-time
Deferred tax liabilities and other noncurrent tax liabilities	`DeferredIncomeTaxLiabilitiesNet`	$86.87M	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 March 31, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.01; 5,000,000 shares authorized; none issued and outstanding as of March 31, 2018 and December 31, 2017	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.01; 400,000,000 shares authorized; issued and outstanding shares as of March 31, 2018 and December 31, 2017: 141,802,172 and 141,282,539	`CommonStockValue`	$1.41M	USD	Point-in-time
Common stock, par value $.01; 400,000,000 shares authorized; issued and outstanding shares as of March 31, 2018 and December 31, 2017: 141,802,172 and 141,282,539	`CommonStockValue`	$1.42M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$856.37M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$867.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$147.42M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$186.28M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.67M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-23.51M	USD	Point-in-time
Total equity	`StockholdersEquity`	$993.02M	USD	Point-in-time
Total equity	`StockholdersEquity`	$1.02B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.98B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$1.96B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$367.20M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$317.38M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$191.20M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$177.78M	USD	1 Quarter
Gross profit	`GrossProfit`	$139.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$176.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$50.49M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$58.27M	USD	1 Quarter
Engineering, research and development expenses	`ResearchAndDevelopmentExpense`	$27.59M	USD	1 Quarter
Engineering, research and development expenses	`ResearchAndDevelopmentExpense`	$27.24M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$10.95M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$11.67M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$50.92M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$78.47M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.47M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.16M	USD	1 Quarter
Interest income	`InterestIncomeOther`	$80.00K	USD	1 Quarter
Interest income	`InterestIncomeOther`	$933.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-902.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-139.00K	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$71.11M	USD	1 Quarter
Income before income tax expense	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$41.62M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$9.11M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$13.55M	USD	1 Quarter
Net income	`NetIncomeLoss`	$57.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.51M	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Basic net income per common share	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Diluted net income per common share	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	141.50M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	141.58M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	143.65M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	143.31M	shares	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$57.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.51M	USD	1 Quarter
Depreciation	`Depreciation`	$13.98M	USD	1 Quarter
Depreciation	`Depreciation`	$15.90M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$10.95M	USD	1 Quarter
Amortization	`AmortizationOfIntangibleAssets`	$11.67M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$4.13M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$3.87M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$3.42M	USD	1 Quarter
Provision for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-721.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.50M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-3.63M	USD	1 Quarter
Trade accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$7.55M	USD	1 Quarter
Trade accounts and notes receivable	`IncreaseDecreaseInAccountsAndNotesReceivable`	$6.01M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.42M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$14.96M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-33.98M	USD	1 Quarter
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-23.49M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$682.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherOperatingAssets`	$-5.06M	USD	1 Quarter
Income taxes payable and refundable income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.25M	USD	1 Quarter
Income taxes payable and refundable income taxes	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$6.69M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.28M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$2.29M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$33.43M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$38.82M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$22.19M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.05M	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesGross`	-	USD	1 Quarter
Acquisition of business	`PaymentsToAcquireBusinessesGross`	$37.66M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-186.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-146.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-22.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-58.56M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$25.00M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$25.00M	USD	1 Quarter
Payments for dividends	`PaymentsOfOrdinaryDividends`	$9.88M	USD	1 Quarter
Payments for dividends	`PaymentsOfOrdinaryDividends`	-	USD	1 Quarter
Issuance of common stock	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$473.00K	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`	$10.00M	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`	$14.12M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-246.00K	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`	$-58.78M	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`	$3.35M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-75.17M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-15.23M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$406.39M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$391.16M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$625.41M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$550.24M	USD	Point-in-time
Cash and cash equivalents at end 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`	$625.41M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$550.24M	USD	Point-in-time
Interest paid	`InterestPaid`	$2.03M	USD	1 Quarter
Interest paid	`InterestPaid`	$8.00M	USD	1 Quarter
Income taxes paid, net of refunds received	`IncomeTaxesPaidNet`	$7.13M	USD	1 Quarter
Income taxes paid, net of refunds received	`IncomeTaxesPaidNet`	$8.03M	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$57.56M	USD	1 Quarter
Net income	`NetIncomeLoss`	$32.51M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$16.12M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.83M	USD	1 Quarter
Pension liability adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-4.00K	USD	1 Quarter
Pension liability adjustments	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$11.00K	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$3.84M	USD	1 Quarter
Other comprehensive income	`OtherComprehensiveIncomeLossNetOfTax`	$16.11M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$61.40M	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.