10-Q Filing

SENSIENT TECHNOLOGIES CORP CIK: 310142 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001140361-18-035516`
Period End Date	20180630
Filing Date	20180806
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	sxt-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 72 Income Statement 52 Cash Flow Statement 57 Comprehensive Income 4

Balance Sheet 72 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.02M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.89M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.86M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$277.30M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$195.44M	USD	Point-in-time
Inventories	`InventoryNet`	$463.52M	USD	Point-in-time
Inventories	`InventoryNet`	$461.80M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$43.21M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$53.93M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.97M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.92M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$733.48M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$825.83M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$68.25M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$67.51M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredTaxAssetsNetNoncurrent`	$7.88M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredTaxAssetsNetNoncurrent`	$11.26M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`FiniteLivedIntangibleAssetsNet`	$9.07M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`FiniteLivedIntangibleAssetsNet`	$7.21M	USD	Point-in-time
GOODWILL	`Goodwill`	$409.00M	USD	Point-in-time
GOODWILL	`Goodwill`	$409.02M	USD	Point-in-time
Land	`Land`	$34.91M	USD	Point-in-time
Land	`Land`	$35.20M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$320.52M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$317.46M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$698.80M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$687.90M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$35.59M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$40.83M	USD	Point-in-time
Property, plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$1.09B	USD	Point-in-time
Property, plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$1.08B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$582.87M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$601.01M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$498.52M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$488.82M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.72B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.81B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$109.78M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$98.88M	USD	Point-in-time
Accrued salaries, wages and withholdings from employees	`EmployeeRelatedLiabilitiesCurrent`	$23.61M	USD	Point-in-time
Accrued salaries, wages and withholdings from employees	`EmployeeRelatedLiabilitiesCurrent`	$22.49M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$51.76M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$49.40M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$7.87M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$11.04M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$20.04M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$20.13M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$198.67M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$216.32M	USD	Point-in-time
DEFERRED TAX LIABILITIES	`DeferredTaxLiabilitiesNoncurrent`	$31.71M	USD	Point-in-time
DEFERRED TAX LIABILITIES	`DeferredTaxLiabilitiesNoncurrent`	$18.72M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$10.01M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$13.54M	USD	Point-in-time
ACCRUED EMPLOYEE AND RETIREE BENEFITS	`EmployeeRelatedLiabilitiesNonCurrent`	$19.29M	USD	Point-in-time
ACCRUED EMPLOYEE AND RETIREE BENEFITS	`EmployeeRelatedLiabilitiesNonCurrent`	$21.93M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$732.76M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$604.16M	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`	$107.18M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$102.94M	USD	Point-in-time
Earnings reinvested in the business	`RetainedEarningsAccumulatedDeficit`	$1.41B	USD	Point-in-time
Earnings reinvested in the business	`RetainedEarningsAccumulatedDeficit`	$1.46B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$593.77M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$525.42M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-162.12M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-149.33M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$852.30M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$816.43M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.81B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.72B	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$363.04M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$679.87M	USD	2 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$338.48M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$719.52M	USD	2 Qtrs
Cost of products sold	`CostOfProductsSold`	$219.25M	USD	1 Quarter
Cost of products sold	`CostOfProductsSold`	$439.70M	USD	2 Qtrs
Cost of products sold	`CostOfProductsSold`	$474.98M	USD	2 Qtrs
Cost of products sold	`CostOfProductsSold`	$241.57M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$74.84M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$136.68M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$171.75M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$69.29M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$107.86M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$68.42M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$52.18M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$44.38M	USD	1 Quarter
Interest expense	`InterestExpense`	$4.72M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.11M	USD	2 Qtrs
Interest expense	`InterestExpense`	$9.53M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$39.66M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$46.63M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$58.89M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$96.75M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$7.50M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$19.43M	USD	2 Qtrs
Income taxes	`IncomeTaxExpenseBenefit`	$8.89M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$14.92M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$43.97M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$39.12M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$77.32M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$30.77M	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.58M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.28M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.02M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	44.11M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.70M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.37M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.29M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.38M	shares	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.82	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.93	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.00	USD	2 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.70	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.69	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.92	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.99	USD	2 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.81	USD	2 Qtrs
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.60	USD	2 Qtrs
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.66	USD	2 Qtrs
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.33	USD	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$43.97M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$39.12M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$77.32M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$30.77M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.44M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$26.02M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$4.25M	USD	2 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.78M	USD	2 Qtrs
Net loss on assets	`GainLossOnDispositionOfAssets`	$-328.00K	USD	2 Qtrs
Net loss on assets	`GainLossOnDispositionOfAssets`	$-259.00K	USD	2 Qtrs
Loss on divestiture of business	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	2 Qtrs
Loss on divestiture of business	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-33.14M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$4.76M	USD	2 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-9.93M	USD	2 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$143.51M	USD	2 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$100.56M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-28.19M	USD	2 Qtrs
Net cash (used in) provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$794.00K	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$24.00M	USD	2 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.67M	USD	2 Qtrs
Cash receipts on sold receivables	`ProceedsFromSaleAndCollectionOfReceivables`	$91.14M	USD	2 Qtrs
Cash receipts on sold receivables	`ProceedsFromSaleAndCollectionOfReceivables`	$59.29M	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$283.00K	USD	2 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.30M	USD	2 Qtrs
Proceeds from divesture of business	`ProceedsFromDivestitureOfBusinesses`	$12.50M	USD	1 Quarter
Proceeds from divesture of business	`ProceedsFromDivestitureOfBusinesses`	$12.46M	USD	2 Qtrs
Proceeds from divesture of business	`ProceedsFromDivestitureOfBusinesses`	-	USD	2 Qtrs
Acquisition of new businesses	`PaymentsToAcquireBusinessesGross`	$11.31M	USD	2 Qtrs
Acquisition of new businesses	`PaymentsToAcquireBusinessesGross`	-	USD	2 Qtrs
Other investing activity	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.60M	USD	2 Qtrs
Other investing activity	`PaymentsForProceedsFromOtherInvestingActivities`	$-751.00K	USD	2 Qtrs
Net provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$59.98M	USD	2 Qtrs
Net provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$56.86M	USD	2 Qtrs
Proceeds from additional borrowings	`ProceedsFromIssuanceOfDebt`	$139.82M	USD	2 Qtrs
Proceeds from additional borrowings	`ProceedsFromIssuanceOfDebt`	$107.86M	USD	2 Qtrs
Debt payments	`RepaymentsOfDebt`	$33.01M	USD	2 Qtrs
Debt payments	`RepaymentsOfDebt`	$154.28M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$26.74M	USD	2 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$72.70M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$26.55M	USD	2 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$28.24M	USD	2 Qtrs
Other financing activity	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.05M	USD	2 Qtrs
Other financing activity	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.78M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-68.81M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-28.88M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.75M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$8.18M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$151.00K	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.54M	USD	2 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$26.02M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$30.89M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$29.34M	USD	Point-in-time
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$25.86M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$26.02M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$30.89M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$29.34M	USD	Point-in-time
Cash and cash equivalents at end of year	`CashAndCashEquivalentsAtCarryingValue`	$25.86M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$59.18M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$2.48M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$96.45M	USD	2 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$64.53M	USD	2 Qtrs

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