10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001104659-19-025335 |
| Period End Date | 20190331 |
| Filing Date | 20190430 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | avy-20190330.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
71 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Trade accounts receivable, allowances (in dollars) |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$22.10M | USD | Point-in-time |
| Trade accounts receivable, allowances (in dollars) |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$21.10M | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Common stock, par value (in dollars per share) |
CommonStockParOrStatedValuePerShare
|
$1.00 | USD | Point-in-time |
| Common stock, authorized shares |
CommonStockSharesAuthorized
|
400.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$232.00M | USD | Point-in-time |
| Common stock, authorized shares |
CommonStockSharesAuthorized
|
400.00M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$224.40M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$187.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$225.70M | USD | Point-in-time |
| Common stock, issued shares |
CommonStockSharesIssued
|
124.13M | shares | Point-in-time |
| Trade accounts receivable, less allowances of $22.1 and $21.1 at March 30, 2019 and December 29, 2018, respectively |
AccountsReceivableNetCurrent
|
$1.19B | USD | Point-in-time |
| Trade accounts receivable, less allowances of $22.1 and $21.1 at March 30, 2019 and December 29, 2018, respectively |
AccountsReceivableNetCurrent
|
$1.20B | USD | Point-in-time |
| Common stock, issued shares |
CommonStockSharesIssued
|
124.13M | shares | Point-in-time |
| Inventories, net |
InventoryNet
|
$651.40M | USD | Point-in-time |
| Common stock, outstanding shares |
CommonStockSharesOutstanding
|
84.72M | shares | Point-in-time |
| Common stock, outstanding shares |
CommonStockSharesOutstanding
|
84.40M | shares | Point-in-time |
| Inventories, net |
InventoryNet
|
$688.30M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$211.00M | USD | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
39.73M | shares | Point-in-time |
| Treasury stock, shares |
TreasuryStockShares
|
39.40M | shares | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$224.90M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.30B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.32B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.14B | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.14B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$941.80M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$937.20M | USD | Point-in-time |
| Other intangibles resulting from business acquisitions, net |
IntangibleAssetsNetExcludingGoodwill
|
$144.00M | USD | Point-in-time |
| Other intangibles resulting from business acquisitions, net |
IntangibleAssetsNetExcludingGoodwill
|
$140.60M | USD | Point-in-time |
| Non-current deferred income taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$205.30M | USD | Point-in-time |
| Non-current deferred income taxes |
DeferredTaxAssetsLiabilitiesNetNoncurrent
|
$191.50M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$451.00M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$615.80M | USD | Point-in-time |
| Total assets |
Assets
|
$5.18B | USD | Point-in-time |
| Total assets |
Assets
|
$5.35B | USD | Point-in-time |
| Short-term borrowings and current portion of long-term debt and finance leases |
DebtCurrent
|
$350.30M | USD | Point-in-time |
| Short-term borrowings and current portion of long-term debt and finance leases |
DebtCurrent
|
$194.60M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.03B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$1.03B | USD | Point-in-time |
| Accrued payroll and employee benefits |
EmployeeRelatedLiabilitiesCurrent
|
$159.10M | USD | Point-in-time |
| Accrued payroll and employee benefits |
EmployeeRelatedLiabilitiesCurrent
|
$217.90M | USD | Point-in-time |
| Other current liabilities |
OtherAccruedLiabilitiesCurrent
|
$497.40M | USD | Point-in-time |
| Other current liabilities |
OtherAccruedLiabilitiesCurrent
|
$551.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.99B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$2.04B | USD | Point-in-time |
| Long-term debt and finance leases |
LongTermDebtAndCapitalLeaseObligations
|
$1.76B | USD | Point-in-time |
| Long-term debt and finance leases |
LongTermDebtAndCapitalLeaseObligations
|
$1.77B | USD | Point-in-time |
| Long-term retirement benefits and other liabilities |
LongTermRetirementBenefitsAndOtherLiabilities
|
$441.00M | USD | Point-in-time |
| Long-term retirement benefits and other liabilities |
LongTermRetirementBenefitsAndOtherLiabilities
|
$334.70M | USD | Point-in-time |
| Non-current deferred and payable income taxes |
NonCurrentDeferredAndPayableIncomeTaxes
|
$122.10M | USD | Point-in-time |
| Non-current deferred and payable income taxes |
NonCurrentDeferredAndPayableIncomeTaxes
|
$120.40M | USD | Point-in-time |
| Commitments and contingencies (see Note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (see Note 13) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $1 par value per share, authorized - 400,000,000 shares at March 30, 2019 and December 29, 2018; issued - 124,126,624 shares at March 30, 2019 and December 29, 2018; outstanding - 84,399,377 shares and 84,723,655 shares at March 30, 2019 and December 29, 2018, respectively |
CommonStockValue
|
$124.10M | USD | Point-in-time |
| Common stock, $1 par value per share, authorized - 400,000,000 shares at March 30, 2019 and December 29, 2018; issued - 124,126,624 shares at March 30, 2019 and December 29, 2018; outstanding - 84,399,377 shares and 84,723,655 shares at March 30, 2019 and December 29, 2018, respectively |
CommonStockValue
|
$124.10M | USD | Point-in-time |
| Common stock, $1 par value per share, authorized - 400,000,000 shares at March 30, 2019 and December 29, 2018; issued - 124,126,624 shares at March 30, 2019 and December 29, 2018; outstanding - 84,399,377 shares and 84,723,655 shares at March 30, 2019 and December 29, 2018, respectively |
CommonStockValue
|
$124.10M | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapitalCommonStock
|
$872.00M | USD | Point-in-time |
| Capital in excess of par value |
AdditionalPaidInCapitalCommonStock
|
$851.50M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$2.86B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$2.66B | USD | Point-in-time |
| Treasury stock at cost, 39,727,247 shares and 39,402,969 shares at March 30, 2019 and December 29, 2018, respectively |
TreasuryStockCommonValue
|
$2.22B | USD | Point-in-time |
| Treasury stock at cost, 39,727,247 shares and 39,402,969 shares at March 30, 2019 and December 29, 2018, respectively |
TreasuryStockCommonValue
|
$2.29B | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-639.60M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-682.00M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-359.40M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-680.50M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$955.10M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$991.90M | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$5.35B | USD | Point-in-time |
| Total liabilities and shareholders' equity |
LiabilitiesAndStockholdersEquity
|
$5.18B | USD | Point-in-time |
Income Statement
30 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$1.74B | USD | 1 Quarter |
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$1.78B | USD | 1 Quarter |
| Cost of products sold |
CostOfGoodsAndServicesSold
|
$1.27B | USD | 1 Quarter |
| Cost of products sold |
CostOfGoodsAndServicesSold
|
$1.29B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$483.40M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$465.40M | USD | 1 Quarter |
| Marketing, general and administrative expense |
SellingGeneralAndAdministrativeExpense
|
$276.30M | USD | 1 Quarter |
| Marketing, general and administrative expense |
SellingGeneralAndAdministrativeExpense
|
$295.00M | USD | 1 Quarter |
| Other expense, net |
OtherExpenseNet
|
$12.80M | USD | 1 Quarter |
| Other expense, net |
OtherExpenseNet
|
$7.50M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$13.20M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$19.50M | USD | 1 Quarter |
| Other non-operating expense |
OtherNonoperatingExpense
|
$446.50M | USD | 1 Quarter |
| Other non-operating expense |
OtherNonoperatingExpense
|
$3.30M | USD | 1 Quarter |
| (Loss) income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$159.10M | USD | 1 Quarter |
| (Loss) income before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$-284.40M | USD | 1 Quarter |
| (Benefit from) provision for income taxes |
IncomeTaxExpenseBenefit
|
$-138.40M | USD | 1 Quarter |
| (Benefit from) provision for income taxes |
IncomeTaxExpenseBenefit
|
$33.30M | USD | 1 Quarter |
| Equity method investment net losses |
IncomeLossFromEquityMethodInvestments
|
$-600.00K | USD | 1 Quarter |
| Equity method investment net losses |
IncomeLossFromEquityMethodInvestments
|
$-900.00K | USD | 1 Quarter |
| Net (loss) income |
NetIncomeLoss
|
$125.20M | USD | 1 Quarter |
| Net (loss) income |
NetIncomeLoss
|
$-146.90M | USD | 1 Quarter |
| Net (loss) income per common share (in dollars per share) |
EarningsPerShareBasic
|
$1.42 | USD | 1 Quarter |
| Net (loss) income per common share (in dollars per share) |
EarningsPerShareBasic
|
$-1.74 | USD | 1 Quarter |
| Net (loss) income per common share, assuming dilution (in dollars per share) |
EarningsPerShareDiluted
|
$1.40 | USD | 1 Quarter |
| Net (loss) income per common share, assuming dilution (in dollars per share) |
EarningsPerShareDiluted
|
$-1.74 | USD | 1 Quarter |
| Common shares (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
84.30M | shares | 1 Quarter |
| Common shares (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
88.00M | shares | 1 Quarter |
| Common shares, assuming dilution (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
84.30M | shares | 1 Quarter |
| Common shares, assuming dilution (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
89.60M | shares | 1 Quarter |
Cash Flow Statement
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net (loss) income |
ProfitLoss
|
$-146.90M | USD | 1 Quarter |
| Net (loss) income |
ProfitLoss
|
$125.20M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$34.30M | USD | 1 Quarter |
| Depreciation |
Depreciation
|
$34.90M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$9.60M | USD | 1 Quarter |
| Amortization |
AdjustmentForAmortization
|
$10.20M | USD | 1 Quarter |
| Provision for doubtful accounts and sales returns |
ProvisionForDoubtfulAccounts
|
$12.90M | USD | 1 Quarter |
| Provision for doubtful accounts and sales returns |
ProvisionForDoubtfulAccounts
|
$14.80M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$7.60M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$7.40M | USD | 1 Quarter |
| Pension plan settlements and related charges |
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
|
$-446.90M | USD | 1 Quarter |
| Pension plan settlements and related charges |
DefinedBenefitPlanRecognizedNetGainLossDueToSettlements1
|
$-500.00K | USD | 1 Quarter |
| Deferred income taxes and other non-cash taxes |
NoncashIncomeTaxes
|
$-172.80M | USD | 1 Quarter |
| Deferred income taxes and other non-cash taxes |
NoncashIncomeTaxes
|
$-8.00M | USD | 1 Quarter |
| Other non-cash expense and loss |
OtherNoncashExpense
|
$3.30M | USD | 1 Quarter |
| Other non-cash expense and loss |
OtherNoncashExpense
|
$24.00M | USD | 1 Quarter |
| Changes in assets and liabilities and other adjustments |
IncreaseDecreaseInOperatingCapital
|
$190.50M | USD | 1 Quarter |
| Changes in assets and liabilities and other adjustments |
IncreaseDecreaseInOperatingCapital
|
$162.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$16.00M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$35.40M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$41.80M | USD | 1 Quarter |
| Purchases of property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$35.60M | USD | 1 Quarter |
| Purchases of software and other deferred charges |
PurchaseOfSoftwareAndOtherDeferredCharges
|
$5.50M | USD | 1 Quarter |
| Purchases of software and other deferred charges |
PurchaseOfSoftwareAndOtherDeferredCharges
|
$7.30M | USD | 1 Quarter |
| Proceeds from sales of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$6.90M | USD | 1 Quarter |
| Proceeds from sales of property, plant and equipment |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$7.30M | USD | 1 Quarter |
| Proceeds from insurance and sales (purchases) of investments, net |
PaymentsForProceedsFromInvestmentsAndProceedsFromInsurance
|
$-4.50M | USD | 1 Quarter |
| Proceeds from insurance and sales (purchases) of investments, net |
PaymentsForProceedsFromInvestmentsAndProceedsFromInsurance
|
$-300.00K | USD | 1 Quarter |
| Payments for investments in businesses |
PaymentsToAcquireBusinessesAndInterestInAffiliates
|
$100.00K | USD | 1 Quarter |
| Payments for investments in businesses |
PaymentsToAcquireBusinessesAndInterestInAffiliates
|
$6.50M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-42.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-35.80M | USD | 1 Quarter |
| Net increase in borrowings (maturities of three months or less) |
ProceedsFromRepaymentsOfShortTermDebt
|
$104.30M | USD | 1 Quarter |
| Net increase in borrowings (maturities of three months or less) |
ProceedsFromRepaymentsOfShortTermDebt
|
$155.40M | USD | 1 Quarter |
| Repayments of long-term debt and finance leases |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$1.00M | USD | 1 Quarter |
| Repayments of long-term debt and finance leases |
RepaymentsOfLongTermDebtAndCapitalSecurities
|
$1.80M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$39.60M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$43.90M | USD | 1 Quarter |
| Share repurchases |
PaymentsForRepurchaseOfCommonStock
|
$88.70M | USD | 1 Quarter |
| Share repurchases |
PaymentsForRepurchaseOfCommonStock
|
$51.60M | USD | 1 Quarter |
| Net (tax withholding) proceeds related to stock-based compensation |
ProceedsTaxWithholdingRelatedToStockBasedCompensation
|
$-31.40M | USD | 1 Quarter |
| Net (tax withholding) proceeds related to stock-based compensation |
ProceedsTaxWithholdingRelatedToStockBasedCompensation
|
$-20.10M | USD | 1 Quarter |
| Payments of contingent consideration |
PaymentForContingentConsiderationLiabilityFinancingActivities
|
$2.50M | USD | 1 Quarter |
| Payments of contingent consideration |
PaymentForContingentConsiderationLiabilityFinancingActivities
|
$1.60M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-700.00K | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-21.80M | USD | 1 Quarter |
| Effect of foreign currency translation on cash balances |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$4.70M | USD | 1 Quarter |
| Effect of foreign currency translation on cash balances |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$1.00M | USD | 1 Quarter |
| Decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-36.90M | USD | 1 Quarter |
| Decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-6.30M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$232.00M | USD | Point-in-time |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$224.40M | USD | Point-in-time |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$187.50M | USD | Point-in-time |
| Cash and cash equivalents, beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$225.70M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$232.00M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$224.40M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$187.50M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$225.70M | USD | Point-in-time |
Comprehensive Income
12 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net (loss) income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$125.20M | USD | 1 Quarter |
| Net (loss) income |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$-146.90M | USD | 1 Quarter |
| Foreign currency translation |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$22.10M | USD | 1 Quarter |
| Foreign currency translation |
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
$34.30M | USD | 1 Quarter |
| Pension and other postretirement benefits |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-300.70M | USD | 1 Quarter |
| Pension and other postretirement benefits |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-5.70M | USD | 1 Quarter |
| Cash flow hedges |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$-200.00K | USD | 1 Quarter |
| Cash flow hedges |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$900.00K | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$322.60M | USD | 1 Quarter |
| Other comprehensive income, net of tax |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$40.90M | USD | 1 Quarter |
| Total comprehensive income, net of tax |
ComprehensiveIncomeNetOfTax
|
$175.70M | USD | 1 Quarter |
| Total comprehensive income, net of tax |
ComprehensiveIncomeNetOfTax
|
$166.10M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.