10-Q Filing

SENSIENT TECHNOLOGIES CORP CIK: 310142 Q2 2014

Filing Information

Form Type	10-Q
Accession Number	`0001140361-14-030897`
Period End Date	20140630
Filing Date	20140806
Fiscal Year	2014
Fiscal Period	Q2
XBRL Instance	sxt-20140630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 52 Cash Flow Statement 48 Comprehensive Income 4

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$28.43M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.84M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$233.75M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$265.64M	USD	Point-in-time
Inventories	`InventoryNet`	$479.45M	USD	Point-in-time
Inventories	`InventoryNet`	$474.45M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$61.79M	USD	Point-in-time
Prepaid expenses and other current assets	`OtherAssetsCurrent`	$74.37M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$847.89M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$789.83M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$47.79M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$89.31M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`FiniteLivedIntangibleAssetsNet`	$9.69M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`FiniteLivedIntangibleAssetsNet`	$10.55M	USD	Point-in-time
GOODWILL	`Goodwill`	$459.55M	USD	Point-in-time
GOODWILL	`Goodwill`	$457.27M	USD	Point-in-time
Land	`Land`	$56.34M	USD	Point-in-time
Land	`Land`	$45.63M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$374.39M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$329.72M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$751.27M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$747.96M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$64.79M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$55.24M	USD	Point-in-time
Property, Plant and Equipment, Gross, Total	`PropertyPlantAndEquipmentGross`	$1.24B	USD	Point-in-time
Property, Plant and Equipment, Gross, Total	`PropertyPlantAndEquipmentGross`	$1.19B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$671.93M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$668.07M	USD	Point-in-time
Property, Plant and Equipment, Net, Total	`PropertyPlantAndEquipmentNet`	$520.03M	USD	Point-in-time
Property, Plant and Equipment, Net, Total	`PropertyPlantAndEquipmentNet`	$565.31M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.87B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.93B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$99.12M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$98.69M	USD	Point-in-time
Accrued salaries, wages and withholdings from employees	`EmployeeRelatedLiabilitiesCurrent`	$32.67M	USD	Point-in-time
Accrued salaries, wages and withholdings from employees	`EmployeeRelatedLiabilitiesCurrent`	$28.12M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$78.58M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$95.42M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$5.48M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$3.45M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$22.52M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$7.05M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$248.21M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$222.89M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$32.52M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$28.50M	USD	Point-in-time
ACCRUED EMPLOYEE AND RETIREE BENEFITS	`OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$27.14M	USD	Point-in-time
ACCRUED EMPLOYEE AND RETIREE BENEFITS	`OtherEmployeeRelatedLiabilitiesCurrentAndNoncurrent`	$28.54M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$472.11M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$348.12M	USD	Point-in-time
Common stock	`CommonStockValue`	$5.40M	USD	Point-in-time
Common stock	`CommonStockValue`	$5.40M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$108.20M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$105.12M	USD	Point-in-time
Earnings reinvested in the business	`RetainedEarningsAccumulatedDeficit`	$1.22B	USD	Point-in-time
Earnings reinvested in the business	`RetainedEarningsAccumulatedDeficit`	$1.22B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$91.71M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$199.38M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$11.23M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.16M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.00M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$1.24B	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$1.15B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.87B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.93B	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`SalesRevenueGoodsNet`	$374.67M	USD	1 Quarter
Revenue	`SalesRevenueGoodsNet`	$378.81M	USD	1 Quarter
Revenue	`SalesRevenueGoodsNet`	$744.45M	USD	2 Qtrs
Revenue	`SalesRevenueGoodsNet`	$742.80M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$256.29M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$488.62M	USD	2 Qtrs
Cost of products sold	`CostOfGoodsSold`	$245.00M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$504.79M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$154.64M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$81.45M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$73.84M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$204.38M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$49.79M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$85.02M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$48.21M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$48.68M	USD	1 Quarter
Interest expense (loss)	`InterestExpense`	$3.72M	USD	1 Quarter
Interest expense (loss)	`InterestExpense`	$4.01M	USD	1 Quarter
Interest expense (loss)	`InterestExpense`	$7.85M	USD	2 Qtrs
Interest expense (loss)	`InterestExpense`	$8.27M	USD	2 Qtrs
Earnings (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$44.49M	USD	1 Quarter
Earnings (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$76.75M	USD	2 Qtrs
Earnings (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$44.67M	USD	1 Quarter
Earnings (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$41.94M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$23.03M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$14.95M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$15.43M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$12.39M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$53.72M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$29.06M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$26.99M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$32.28M	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	48.66M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	49.73M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	49.26M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	49.75M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	48.95M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.92M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.89M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	49.51M	shares	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.60	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.65	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.55	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.08	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.65	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.08	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.59	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.55	USD	2 Qtrs
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.23	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	-	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.45	USD	2 Qtrs
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.48	USD	2 Qtrs

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$53.72M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$29.06M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$26.99M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$32.28M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.89M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.39M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.33M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$2.85M	USD	2 Qtrs
Loss on assets	`GainLossOnDispositionOfAssets`	$-3.07M	USD	2 Qtrs
Loss on assets	`GainLossOnDispositionOfAssets`	$-48.26M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$222.00K	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$6.59M	USD	2 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$28.46M	USD	2 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$13.75M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$70.04M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$69.44M	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$29.75M	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$55.24M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$930.00K	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$31.00K	USD	2 Qtrs
Other investing activity	`PaymentsForProceedsFromOtherInvestingActivities`	$620.00K	USD	2 Qtrs
Other investing activity	`PaymentsForProceedsFromOtherInvestingActivities`	$132.00K	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-29.44M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-55.34M	USD	2 Qtrs
Proceeds from additional borrowings	`ProceedsFromIssuanceOfDebt`	$174.74M	USD	2 Qtrs
Proceeds from additional borrowings	`ProceedsFromIssuanceOfDebt`	$75.60M	USD	2 Qtrs
Debt payments	`RepaymentsOfDebt`	$55.13M	USD	2 Qtrs
Debt payments	`RepaymentsOfDebt`	$73.48M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$108.75M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$22.51M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$23.81M	USD	2 Qtrs
Proceeds from options exercised and other equity transactions	`ProceedsFromPaymentsForOtherFinancingActivities`	$420.00K	USD	2 Qtrs
Proceeds from options exercised and other equity transactions	`ProceedsFromPaymentsForOtherFinancingActivities`	$396.00K	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-30.90M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.62M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.48M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-502.00K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$11.60M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$8.59M	USD	2 Qtrs
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.06M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$28.43M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$26.66M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.84M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.06M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$28.43M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$26.66M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.84M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$34.13M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$28.04M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$32.21M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$24.66M	USD	1 Quarter

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