10-Q Filing

SENSIENT TECHNOLOGIES CORP CIK: 310142 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001140361-18-042461`
Period End Date	20180930
Filing Date	20181106
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	sxt-20180930.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`	$36.76M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.34M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$24.65M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$25.86M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$271.27M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$195.44M	USD	Point-in-time
Inventories	`InventoryNet`	$484.81M	USD	Point-in-time
Inventories	`InventoryNet`	$463.52M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$43.21M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$40.15M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.97M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$1.90M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$834.89M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$733.48M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$68.25M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$67.18M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredTaxAssetsNetNoncurrent`	$7.88M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredTaxAssetsNetNoncurrent`	$10.87M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`FiniteLivedIntangibleAssetsNet`	$7.21M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`FiniteLivedIntangibleAssetsNet`	$12.84M	USD	Point-in-time
GOODWILL	`Goodwill`	$409.00M	USD	Point-in-time
GOODWILL	`Goodwill`	$422.95M	USD	Point-in-time
Land	`Land`	$37.04M	USD	Point-in-time
Land	`Land`	$35.20M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$317.46M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$319.97M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$687.90M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$707.66M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$40.83M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$39.14M	USD	Point-in-time
Property, plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$1.08B	USD	Point-in-time
Property, plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$1.10B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$582.87M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$611.64M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$498.52M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$492.17M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.72B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.84B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$109.78M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$97.03M	USD	Point-in-time
Accrued salaries, wages and withholdings from employees	`EmployeeRelatedLiabilitiesCurrent`	$22.21M	USD	Point-in-time
Accrued salaries, wages and withholdings from employees	`EmployeeRelatedLiabilitiesCurrent`	$23.61M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$51.84M	USD	Point-in-time
Other accrued expenses	`OtherAccruedLiabilitiesCurrent`	$51.76M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$2.99M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$11.04M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$20.13M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$20.10M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$194.17M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$216.32M	USD	Point-in-time
DEFERRED TAX LIABILITIES	`DeferredTaxLiabilitiesNoncurrent`	$24.64M	USD	Point-in-time
DEFERRED TAX LIABILITIES	`DeferredTaxLiabilitiesNoncurrent`	$18.72M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$13.54M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$7.82M	USD	Point-in-time
ACCRUED EMPLOYEE AND RETIREE BENEFITS	`EmployeeRelatedLiabilitiesNonCurrent`	$19.29M	USD	Point-in-time
ACCRUED EMPLOYEE AND RETIREE BENEFITS	`EmployeeRelatedLiabilitiesNonCurrent`	$22.09M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$746.01M	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`	$102.70M	USD	Point-in-time
Earnings reinvested in the business	`RetainedEarningsAccumulatedDeficit`	$1.50B	USD	Point-in-time
Earnings reinvested in the business	`RetainedEarningsAccumulatedDeficit`	$1.41B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$597.80M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$525.42M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-161.35M	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`	$846.17M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.72B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.84B	USD	Point-in-time

Income Statement 52 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.06B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$353.52M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.03B	USD	3 Qtrs
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$342.73M	USD	1 Quarter
Cost of products sold	`CostOfProductsSold`	$227.16M	USD	1 Quarter
Cost of products sold	`CostOfProductsSold`	$230.78M	USD	1 Quarter
Cost of products sold	`CostOfProductsSold`	$702.14M	USD	3 Qtrs
Cost of products sold	`CostOfProductsSold`	$670.49M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$242.48M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$201.99M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$70.72M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$65.31M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$50.26M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$120.43M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$158.13M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$52.01M	USD	1 Quarter
Interest expense	`InterestExpense`	$14.47M	USD	3 Qtrs
Interest expense	`InterestExpense`	$4.95M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.41M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.52M	USD	3 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$47.06M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$141.61M	USD	3 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$44.86M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$105.95M	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$14.85M	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$-2.34M	USD	1 Quarter
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$17.10M	USD	3 Qtrs
Income taxes (benefit)	`IncomeTaxExpenseBenefit`	$29.77M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$124.51M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$76.18M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$32.21M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$47.19M	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.95M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.24M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.46M	shares	3 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.62M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.31M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.21M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.57M	shares	3 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.86M	shares	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.73	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$2.93	USD	3 Qtrs
Basic (in dollars per share)	`EarningsPerShareBasic`	$1.12	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.74	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.72	USD	3 Qtrs
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.73	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$1.12	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$2.92	USD	3 Qtrs
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.99	USD	3 Qtrs
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.33	USD	1 Quarter
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.90	USD	3 Qtrs
Dividends declared per common share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.30	USD	1 Quarter

Cash Flow Statement 57 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$124.51M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$76.18M	USD	3 Qtrs
Net earnings	`NetIncomeLoss`	$32.21M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$47.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$36.63M	USD	3 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$39.06M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$1.54M	USD	3 Qtrs
Share-based compensation	`ShareBasedCompensation`	$6.30M	USD	3 Qtrs
Net loss on assets	`GainLossOnDispositionOfAssets`	$-311.00K	USD	3 Qtrs
Net loss on assets	`GainLossOnDispositionOfAssets`	$-1.37M	USD	3 Qtrs
Loss on divestiture of business	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	$-33.16M	USD	3 Qtrs
Loss on divestiture of business	`DisposalGroupNotDiscontinuedOperationGainLossOnDisposal`	-	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$9.09M	USD	3 Qtrs
Deferred income taxes	`IncreaseDecreaseInDeferredIncomeTaxes`	$-3.15M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$122.39M	USD	3 Qtrs
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$159.71M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$22.16M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.86M	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$34.09M	USD	3 Qtrs
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$32.83M	USD	3 Qtrs
Cash receipts on sold receivables	`ProceedsFromSaleAndCollectionOfReceivables`	$91.14M	USD	3 Qtrs
Cash receipts on sold receivables	`ProceedsFromSaleAndCollectionOfReceivables`	$86.23M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.44M	USD	3 Qtrs
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$283.00K	USD	3 Qtrs
Proceeds from divesture of business	`ProceedsFromDivestitureOfBusinesses`	$12.46M	USD	3 Qtrs
Proceeds from divesture of business	`ProceedsFromDivestitureOfBusinesses`	-	USD	3 Qtrs
Proceeds from divesture of business	`ProceedsFromDivestitureOfBusinesses`	$12.50M	USD	1 Quarter
Acquisition of new businesses	`PaymentsToAcquireBusinessesGross`	$31.10M	USD	3 Qtrs
Acquisition of new businesses	`PaymentsToAcquireBusinessesGross`	-	USD	3 Qtrs
Other investing activity	`PaymentsForProceedsFromOtherInvestingActivities`	$-616.00K	USD	3 Qtrs
Other investing activity	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.40M	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$73.70M	USD	3 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$26.85M	USD	3 Qtrs
Proceeds from additional borrowings	`ProceedsFromIssuanceOfDebt`	$248.43M	USD	3 Qtrs
Proceeds from additional borrowings	`ProceedsFromIssuanceOfDebt`	$188.39M	USD	3 Qtrs
Debt payments	`RepaymentsOfDebt`	$190.16M	USD	3 Qtrs
Debt payments	`RepaymentsOfDebt`	$158.21M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$64.49M	USD	3 Qtrs
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$76.73M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$39.70M	USD	3 Qtrs
Dividends paid	`PaymentsOfDividendsCommonStock`	$42.20M	USD	3 Qtrs
Other financing activity	`ProceedsFromPaymentsForOtherFinancingActivities`	$-988.00K	USD	3 Qtrs
Other financing activity	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.78M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-31.49M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-106.95M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$9.88M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.20M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.21M	USD	3 Qtrs
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.42M	USD	3 Qtrs
Cash and cash equivalents at beginning of year	`CashAndCashEquivalentsAtCarryingValue`	$36.76M	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`	$24.65M	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`	$36.76M	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`	$24.65M	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`	$141.05M	USD	3 Qtrs
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$44.60M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$47.96M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$112.50M	USD	3 Qtrs

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