10-Q Filing

INGERSOLL RAND INC. CIK: 1699150 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001140361-19-008046`
Period End Date	20190331
Filing Date	20190430
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	gdi-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 71 Income Statement 28 Cash Flow Statement 62 Stockholders Equity 14 Comprehensive Income 12

Balance Sheet 71 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$263.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$393.30M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$17.40M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$17.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$221.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$353.80M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$250.00M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $17.9 and $17.4, respectively	`AccountsReceivableNetCurrent`	$509.90M	USD	Point-in-time
Accounts receivable, net of allowance for doubtful accounts of $17.9 and $17.4, respectively	`AccountsReceivableNetCurrent`	$525.40M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$256.40M	USD	Point-in-time
Inventories	`InventoryNet`	$555.10M	USD	Point-in-time
Inventories	`InventoryNet`	$523.90M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$60.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$69.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.40B	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.33B	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $256.4 and $250.0, respectively	`PropertyPlantAndEquipmentNet`	$349.50M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.00B	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $256.4 and $250.0, respectively	`PropertyPlantAndEquipmentNet`	$356.60M	USD	Point-in-time
Goodwill	`Goodwill`	$1.29B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	201.05M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	203.30M	shares	Point-in-time
Goodwill	`Goodwill`	$1.28B	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	2.88M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.34B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.37B	USD	Point-in-time
Treasury stock (in shares)	`TreasuryStockShares`	2.44M	shares	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$1.20M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$1.30M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$140.10M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$199.20M	USD	Point-in-time
Total assets	`Assets`	$4.57B	USD	Point-in-time
Total assets	`Assets`	$4.49B	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$7.90M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$7.90M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$340.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$342.40M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$265.90M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$248.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$596.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$616.20M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$1.66B	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtAndCapitalLeaseObligations`	$1.62B	USD	Point-in-time
Pensions and other postretirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$91.90M	USD	Point-in-time
Pensions and other postretirement benefits	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$94.80M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$265.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$263.80M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$234.90M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$190.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.83B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.81B	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 16)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 203,299,647 and 201,051,291 shares issued at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$2.00M	USD	Point-in-time
Common stock, $0.01 par value; 1,000,000,000 shares authorized; 203,299,647 and 201,051,291 shares issued at March 31, 2019 and December 31, 2018, respectively	`CommonStockValue`	$2.00M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$2.29B	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$2.28B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-253.40M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-308.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-253.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-247.00M	USD	Point-in-time
Treasury stock at cost; 2,435,272 and 2,881,436 shares at March 31, 2019 and December 31, 2018, respectively	`TreasuryStockValue`	$53.00M	USD	Point-in-time
Treasury stock at cost; 2,435,272 and 2,881,436 shares at March 31, 2019 and December 31, 2018, respectively	`TreasuryStockValue`	$47.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.57B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.74B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.57B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.49B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$619.60M	USD	1 Quarter
Revenues	`RevenueFromContractWithCustomerExcludingAssessedTax`	$620.30M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$387.70M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$389.80M	USD	1 Quarter
Gross Profit	`GrossProfit`	$230.50M	USD	1 Quarter
Gross Profit	`GrossProfit`	$231.90M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$107.70M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$106.90M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$31.40M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$30.90M	USD	1 Quarter
Other operating expense, net	`OtherCostAndExpenseOperating`	$11.20M	USD	1 Quarter
Other operating expense, net	`OtherCostAndExpenseOperating`	$4.30M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$89.80M	USD	1 Quarter
Operating Income	`OperatingIncomeLoss`	$80.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$22.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$26.00M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.30M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.00M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$65.80M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$59.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$12.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$23.40M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$42.40M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$47.10M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Basic earnings per share (in dollars per share)	`EarningsPerShareBasic`	$0.23	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`EarningsPerShareDiluted`	$0.23	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$42.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.10M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$31.40M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$30.90M	USD	1 Quarter
Depreciation in cost of sales	`CostOfGoodsAndServicesSoldDepreciation`	$11.40M	USD	1 Quarter
Depreciation in cost of sales	`CostOfGoodsAndServicesSoldDepreciation`	$11.80M	USD	1 Quarter
Depreciation in selling and administrative expenses	`DepreciationNonproduction`	$2.70M	USD	1 Quarter
Depreciation in selling and administrative expenses	`DepreciationNonproduction`	$2.30M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$7.50M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.40M	USD	1 Quarter
Foreign currency transaction losses, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-3.10M	USD	1 Quarter
Foreign currency transaction losses, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-2.60M	USD	1 Quarter
Net loss (gain) on asset dispositions	`GainLossOnDispositionOfAssets1`	$1.20M	USD	1 Quarter
Net loss (gain) on asset dispositions	`GainLossOnDispositionOfAssets1`	$-100.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.10M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.80M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-10.00M	USD	1 Quarter
Receivables	`IncreaseDecreaseInReceivables`	$-5.40M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$33.50M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$42.90M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.80M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$8.40M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$2.00M	USD	1 Quarter
Accrued liabilities	`IncreaseDecreaseInAccruedLiabilities`	$15.50M	USD	1 Quarter
Other assets and liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$12.30M	USD	1 Quarter
Other assets and liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$25.60M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$68.80M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$60.20M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$14.10M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$10.10M	USD	1 Quarter
Net cash paid in business combinations	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$94.90M	USD	1 Quarter
Net cash paid in business combinations	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$500.00K	USD	1 Quarter
Disposals of property, plant and equipment	`PaymentsForProceedsFromProductiveAssets`	$-3.00M	USD	1 Quarter
Disposals of property, plant and equipment	`PaymentsForProceedsFromProductiveAssets`	$100.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-102.00M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$5.30M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$26.90M	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$6.20M	USD	1 Quarter
Purchases of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$8.50M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$3.30M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$18.10M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.20M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.30M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$5.70M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$10.50M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$42.50M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-39.50M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$263.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$393.30M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$221.20M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$353.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$263.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$393.30M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$221.20M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$353.80M	USD	Point-in-time
Cash paid for income taxes	`IncomeTaxesPaidNet`	$13.80M	USD	1 Quarter
Cash paid for income taxes	`IncomeTaxesPaidNet`	$13.50M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$21.10M	USD	1 Quarter
Cash paid for interest	`InterestPaidNet`	$25.70M	USD	1 Quarter
Capital expenditures in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$6.00M	USD	1 Quarter
Capital expenditures in accounts payable	`CapitalExpendituresIncurredButNotYetPaid`	$4.50M	USD	1 Quarter

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.57B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.74B	USD	Point-in-time
Balance at beginning of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time
Net income	`NetIncomeLoss`	$42.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$47.10M	USD	1 Quarter
Foreign currency translation adjustments, net	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$34.40M	USD	1 Quarter
Foreign currency translation adjustments, net	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-100.00K	USD	1 Quarter
Unrecognized gains on cash flow hedges, net	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$1.90M	USD	1 Quarter
Unrecognized gains on cash flow hedges, net	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$11.40M	USD	1 Quarter
Pension and other postretirement prior service cost and gain or loss, net	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-400.00K	USD	1 Quarter
Pension and other postretirement prior service cost and gain or loss, net	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-200.00K	USD	1 Quarter
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.57B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.74B	USD	Point-in-time
Balance at end of period	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.68B	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$42.40M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$47.10M	USD	1 Quarter
Foreign currency translation adjustments, net	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$34.40M	USD	1 Quarter
Foreign currency translation adjustments, net	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-100.00K	USD	1 Quarter
Unrecognized gains on cash flow hedges, net	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$1.90M	USD	1 Quarter
Unrecognized gains on cash flow hedges, net	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$11.40M	USD	1 Quarter
Pension and other postretirement prior service cost and gain or loss, net	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-400.00K	USD	1 Quarter
Pension and other postretirement prior service cost and gain or loss, net	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-200.00K	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.00M	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$46.20M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$88.60M	USD	1 Quarter
Total Comprehensive Income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$49.10M	USD	1 Quarter

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