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10-Q Filing

BEMIS CO INC CIK: 11199 Q1 2012
Filing Information
Form Type 10-Q
Accession Number 0001104659-12-035636
Period End Date 20120331
Filing Date 20120510
Fiscal Year 2012
Fiscal Period Q1
XBRL Instance bms-20120331.xml
Filing Contents
Balance Sheet 64 line items
Line Item Tag Value Unit Period
Common stock, issued shares CommonStockSharesIssued 127.05M shares Point-in-time
Common stock, issued shares CommonStockSharesIssued 126.94M shares Point-in-time
Common stock held in treasury, shares TreasuryStockShares 23.95M shares Point-in-time
Common stock held in treasury, shares TreasuryStockShares 23.95M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $60.40M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $56.06M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $112.98M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $109.80M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $702.11M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $665.40M USD Point-in-time
Inventories InventoryNet $681.27M USD Point-in-time
Inventories InventoryNet $646.06M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $134.72M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $127.75M USD Point-in-time
Total current assets AssetsCurrent $1.55B USD Point-in-time
Total current assets AssetsCurrent $1.63B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.44B USD Point-in-time
Property and equipment, net PropertyPlantAndEquipmentNet $1.42B USD Point-in-time
Goodwill Goodwill $1.06B USD Point-in-time
Goodwill Goodwill $1.05B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $219.37M USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $222.47M USD Point-in-time
Deferred charges and other assets OtherAssetsNoncurrent $62.34M USD Point-in-time
Deferred charges and other assets OtherAssetsNoncurrent $59.60M USD Point-in-time
Total other long-term assets AssetsNoncurrent $1.34B USD Point-in-time
Total other long-term assets AssetsNoncurrent $1.33B USD Point-in-time
TOTAL ASSETS Assets $4.39B USD Point-in-time
TOTAL ASSETS Assets $4.32B USD Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $13.41M USD Point-in-time
Current portion of long-term debt LongTermDebtAndCapitalLeaseObligationsCurrent $13.05M USD Point-in-time
Short-term borrowings ShortTermBorrowings $1.74M USD Point-in-time
Short-term borrowings ShortTermBorrowings $2.73M USD Point-in-time
Accounts payable AccountsPayableCurrent $429.13M USD Point-in-time
Accounts payable AccountsPayableCurrent $415.79M USD Point-in-time
Accrued salaries and wages AccruedSalariesCurrent $95.77M USD Point-in-time
Accrued salaries and wages AccruedSalariesCurrent $98.12M USD Point-in-time
Accrued income and other taxes TaxesPayableCurrent $26.63M USD Point-in-time
Accrued income and other taxes TaxesPayableCurrent $23.85M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $118.48M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $131.40M USD Point-in-time
Total current liabilities LiabilitiesCurrent $688.15M USD Point-in-time
Total current liabilities LiabilitiesCurrent $681.97M USD Point-in-time
Long-term debt, less current portion LongTermDebtAndCapitalLeaseObligations $1.55B USD Point-in-time
Long-term debt, less current portion LongTermDebtAndCapitalLeaseObligations $1.55B USD Point-in-time
Deferred taxes DeferredTaxLiabilitiesNoncurrent $175.59M USD Point-in-time
Deferred taxes DeferredTaxLiabilitiesNoncurrent $181.79M USD Point-in-time
Other liabilities and deferred credits OtherLiabilitiesNoncurrent $326.04M USD Point-in-time
Other liabilities and deferred credits OtherLiabilitiesNoncurrent $324.06M USD Point-in-time
Total Liabilities Liabilities $2.75B USD Point-in-time
Total Liabilities Liabilities $2.74B USD Point-in-time
Common stock issued (127,045,576 and 126,937,817 shares) CommonStockValue $12.71M USD Point-in-time
Common stock issued (127,045,576 and 126,937,817 shares) CommonStockValue $12.69M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $535.50M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $532.44M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.83B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.85B USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-90.74M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-48.45M USD Point-in-time
Common stock held in treasury (23,953,971 shares at cost) TreasuryStockValue $705.18M USD Point-in-time
Common stock held in treasury (23,953,971 shares at cost) TreasuryStockValue $705.18M USD Point-in-time
Total Equity StockholdersEquity $1.64B USD Point-in-time
Total Equity StockholdersEquity $1.58B USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $4.39B USD Point-in-time
TOTAL LIABILITIES AND EQUITY LiabilitiesAndStockholdersEquity $4.32B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueGoodsNet $1.30B USD 1 Quarter
Net sales SalesRevenueGoodsNet $1.32B USD 1 Quarter
Cost of products sold CostOfGoodsSold $1.09B USD 1 Quarter
Cost of products sold CostOfGoodsSold $1.07B USD 1 Quarter
Gross profit GrossProfit $230.97M USD 1 Quarter
Gross profit GrossProfit $229.85M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $126.17M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $129.25M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $7.59M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $10.90M USD 1 Quarter
Facility consolidation and other costs RestructuringCharges $8.35M USD 1 Quarter
Other operating (income) expense, net OtherCostAndExpenseOperating $-7.06M USD 1 Quarter
Other operating (income) expense, net OtherCostAndExpenseOperating $-6.04M USD 1 Quarter
Operating income OperatingIncomeLoss $103.15M USD 1 Quarter
Operating income OperatingIncomeLoss $88.51M USD 1 Quarter
Interest expense InterestExpense $20.46M USD 1 Quarter
Interest expense InterestExpense $18.34M USD 1 Quarter
Other non-operating (income) expense, net NonoperatingIncomeExpense $-187.00K USD 1 Quarter
Other non-operating (income) expense, net NonoperatingIncomeExpense $-1.72M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $67.87M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $83.10M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $30.30M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $23.90M USD 1 Quarter
Net income ProfitLoss $43.97M USD 1 Quarter
Net income ProfitLoss $52.80M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.59M USD 1 Quarter
Net income attributable to Bemis Company, Inc. NetIncomeLoss $51.21M USD 1 Quarter
Net income attributable to Bemis Company, Inc. NetIncomeLoss $43.97M USD 1 Quarter
Comprehensive income attributable to Bemis Company, Inc. ComprehensiveIncomeNetOfTax $86.56M USD 1 Quarter
Comprehensive income attributable to Bemis Company, Inc. ComprehensiveIncomeNetOfTax $86.27M USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.42 USD 1 Quarter
Basic earnings per share (in dollars per share) EarningsPerShareBasic $0.47 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.42 USD 1 Quarter
Diluted earnings per share (in dollars per share) EarningsPerShareDiluted $0.47 USD 1 Quarter
Cash dividends paid per share CommonStockDividendsPerShareCashPaid $0.24 USD 1 Quarter
Cash dividends paid per share CommonStockDividendsPerShareCashPaid $0.25 USD 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $43.97M USD 1 Quarter
Net income ProfitLoss $52.80M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $55.59M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $54.98M USD 1 Quarter
Excess tax (benefit) expense from share-based payment arrangements ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $431.00K USD 1 Quarter
Excess tax (benefit) expense from share-based payment arrangements ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $-203.00K USD 1 Quarter
Share-based compensation ShareBasedCompensation $4.68M USD 1 Quarter
Share-based compensation ShareBasedCompensation $4.88M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $6.42M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $2.37M USD 1 Quarter
Income of unconsolidated affiliated company IncomeLossFromEquityMethodInvestments $644.00K USD 1 Quarter
Income of unconsolidated affiliated company IncomeLossFromEquityMethodInvestments $823.00K USD 1 Quarter
Loss (gain) on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $-780.00K USD 1 Quarter
Loss (gain) on sale of property and equipment GainLossOnSaleOfPropertyPlantEquipment $333.00K USD 1 Quarter
Net facility consolidation and other costs RestructuringCostsAndAssetImpairmentCharges $350.00K USD 1 Quarter
Changes in working capital, excluding effect of acquisitions IncreaseDecreaseInOperatingCapital $132.52M USD 1 Quarter
Changes in working capital, excluding effect of acquisitions IncreaseDecreaseInOperatingCapital $62.41M USD 1 Quarter
Net change in deferred charges and credits IncreaseDecreaseInDeferredChargesAndCredits $5.45M USD 1 Quarter
Net change in deferred charges and credits IncreaseDecreaseInDeferredChargesAndCredits $5.19M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $48.82M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-8.31M USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $23.68M USD 1 Quarter
Additions to property and equipment PaymentsToAcquirePropertyPlantAndEquipment $27.92M USD 1 Quarter
Business acquisitions and adjustments, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $15.83M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $658.00K USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.30M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-43.09M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-22.38M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebtAndCapitalSecurities $1.12M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebtAndCapitalSecurities $91.00K USD 1 Quarter
Net borrowing (repayment) of commercial paper ProceedsFromRepaymentsOfCommercialPaper $4.50M USD 1 Quarter
Net borrowing (repayment) of commercial paper ProceedsFromRepaymentsOfCommercialPaper $133.30M USD 1 Quarter
Net borrowing (repayment) of short-term debt ProceedsFromRepaymentsOfShortTermDebt $993.00K USD 1 Quarter
Net borrowing (repayment) of short-term debt ProceedsFromRepaymentsOfShortTermDebt $89.00K USD 1 Quarter
Cash dividends paid to shareholders PaymentsOfDividendsCommonStock $26.09M USD 1 Quarter
Cash dividends paid to shareholders PaymentsOfDividendsCommonStock $26.10M USD 1 Quarter
Common stock purchased for the treasury PaymentsForRepurchaseOfCommonStock $54.34M USD 1 Quarter
Purchase of subsidiary shares of noncontrolling interests PaymentsToMinorityShareholders $380.00K USD 1 Quarter
Excess tax benefit (expense) from share-based payment arrangements ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $-203.00K USD 1 Quarter
Excess tax benefit (expense) from share-based payment arrangements ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $431.00K USD 1 Quarter
Stock incentive programs and related withholdings StockIncentiveProgramsAndRelatedWithholdings $-3.46M USD 1 Quarter
Stock incentive programs and related withholdings StockIncentiveProgramsAndRelatedWithholdings $-1.62M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $49.44M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-23.54M USD 1 Quarter
Effect of exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-2.38M USD 1 Quarter
Effect of exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $284.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $-4.34M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents NetCashProvidedByUsedInContinuingOperations $3.19M USD 1 Quarter
Cash and cash equivalents balance at beginning of year CashAndCashEquivalentsAtCarryingValue $60.40M USD Point-in-time
Cash and cash equivalents balance at beginning of year CashAndCashEquivalentsAtCarryingValue $56.06M USD Point-in-time
Cash and cash equivalents balance at beginning of year CashAndCashEquivalentsAtCarryingValue $112.98M USD Point-in-time
Cash and cash equivalents balance at beginning of year CashAndCashEquivalentsAtCarryingValue $109.80M USD Point-in-time
Cash and cash equivalents balance at end of period CashAndCashEquivalentsAtCarryingValue $60.40M USD Point-in-time
Cash and cash equivalents balance at end of period CashAndCashEquivalentsAtCarryingValue $56.06M USD Point-in-time
Cash and cash equivalents balance at end of period CashAndCashEquivalentsAtCarryingValue $112.98M USD Point-in-time
Cash and cash equivalents balance at end of period CashAndCashEquivalentsAtCarryingValue $109.80M USD Point-in-time
Working capital acquired, net NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1 $16.03M USD 1 Quarter
Working capital acquired, net NoncashOrPartNoncashAcquisitionNetNonmonetaryAssetsAcquiredLiabilitiesAssumed1 $-54.00K USD 1 Quarter
Goodwill and intangible assets acquired, net NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 $-858.00K USD 1 Quarter
Goodwill and intangible assets acquired, net NoncashOrPartNoncashAcquisitionIntangibleAssetsAcquired1 $192.00K USD 1 Quarter
Fixed and other long-term assets NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $961.00K USD 1 Quarter
Fixed and other long-term assets NoncashOrPartNoncashAcquisitionValueOfAssetsAcquired1 $-138.00K USD 1 Quarter
Deferred taxes and other liabilities NoncashOrPartNoncashAcquisitionOtherLiabilitiesAssumed1 $-311.00K USD 1 Quarter
Cash used for acquisitions PaymentsToAcquireBusinessesNetOfCashAcquired $15.83M USD 1 Quarter
Interest paid during the period InterestPaidNet $26.18M USD 1 Quarter
Interest paid during the period InterestPaidNet $26.23M USD 1 Quarter
Income taxes paid during the period IncomeTaxesPaidNet $22.89M USD 1 Quarter
Income taxes paid during the period IncomeTaxesPaidNet $17.71M USD 1 Quarter
Stockholders Equity 37 line items
Line Item Tag Value Unit Period
Unrecognized gain reclassified to earnings, tax OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax $84.00K USD 1 Quarter
Unrecognized gain reclassified to earnings, tax OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeTax $84.00K USD 1 Quarter
Pension and other postretirement liability adjustment, tax effect OtherComprehensiveIncomeDefinedBenefitPlansTax $3.72M USD 1 Quarter
Pension and other postretirement liability adjustment, tax effect OtherComprehensiveIncomeDefinedBenefitPlansTax $2.24M USD 1 Quarter
Cash dividends declared on common stock, per share CommonStockDividendsPerShareDeclared $0.25 USD 1 Quarter
Cash dividends declared on common stock, per share CommonStockDividendsPerShareDeclared $0.24 USD 1 Quarter
Stock incentive programs and related tax withholdings effects, shares StockIssuedDuringPeriodSharesShareBasedCompensation 202.88M shares 1 Quarter
Stock incentive programs and related tax withholdings effects, shares StockIssuedDuringPeriodSharesShareBasedCompensation 107.76M shares 1 Quarter
Purchase of common stock, shares TreasuryStockSharesAcquired 1.68B shares 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.94B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.93B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.64B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.58B USD Point-in-time
Net income ProfitLoss $43.97M USD 1 Quarter
Net income ProfitLoss $52.80M USD 1 Quarter
Unrecognized gain reclassified to earnings, net of tax of $84 OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax $132.00K USD 1 Quarter
Unrecognized gain reclassified to earnings, net of tax of $84 OtherComprehensiveIncomeReclassificationAdjustmentOnDerivativesIncludedInNetIncomeNetOfTax $132.00K USD 1 Quarter
Translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease $35.87M USD 1 Quarter
Translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease $32.30M USD 1 Quarter
Pension and other postretirement liability adjustment, net of tax effect of $3,720 and $2,240 for the period ended March 31, 2012 and 2011, respectively OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease $3.90M USD 1 Quarter
Pension and other postretirement liability adjustment, net of tax effect of $3,720 and $2,240 for the period ended March 31, 2012 and 2011, respectively OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPeriodIncreaseDecrease $6.56M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $88.86M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $86.27M USD 1 Quarter
Cash dividends declared on common stock $0.25 and $0.24 per share for the period ended March 31, 2012 and 2011, respectively DividendsCommonStockCash $26.49M USD 1 Quarter
Cash dividends declared on common stock $0.25 and $0.24 per share for the period ended March 31, 2012 and 2011, respectively DividendsCommonStockCash $26.46M USD 1 Quarter
Stock incentive programs and related tax withholdings (107,759 shares and 202,879 shares) for the period ended March 31, 2012 and 2011, respectively StockIssuedDuringPeriodValueShareBasedCompensation $-1.62M USD 1 Quarter
Stock incentive programs and related tax withholdings (107,759 shares and 202,879 shares) for the period ended March 31, 2012 and 2011, respectively StockIssuedDuringPeriodValueShareBasedCompensation $-3.46M USD 1 Quarter
Excess tax benefit (expense) from share-based payment arrangements AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation $431.00K USD 1 Quarter
Excess tax benefit (expense) from share-based payment arrangements AdjustmentsToAdditionalPaidInCapitalTaxEffectFromShareBasedCompensation $-203.00K USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.88M USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.68M USD 1 Quarter
Purchase of subsidiary shares from noncontrolling interests MinorityInterestDecreaseFromRedemptions $380.00K USD 1 Quarter
Purchase of 1,675,731 shares of common stock TreasuryStockValueAcquiredCostMethod $54.34M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.94B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.93B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.64B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.58B USD Point-in-time

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

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