10-Q Filing

SENSIENT TECHNOLOGIES CORP CIK: 310142 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001140361-19-008445`
Period End Date	20190331
Filing Date	20190506
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	sxt-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 26 Cash Flow Statement 50 Stockholders Equity 8 Comprehensive Income 2

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.90M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$255.35M	USD	Point-in-time
Trade accounts receivable, net	`AccountsReceivableNetCurrent`	$273.80M	USD	Point-in-time
Inventories	`InventoryNet`	$468.32M	USD	Point-in-time
Inventories	`InventoryNet`	$490.76M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$44.86M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$50.28M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$826.30M	USD	Point-in-time
TOTAL CURRENT ASSETS	`AssetsCurrent`	$822.87M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$66.79M	USD	Point-in-time
OTHER ASSETS	`OtherAssetsNoncurrent`	$87.89M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredTaxAssetsNetNoncurrent`	$8.65M	USD	Point-in-time
DEFERRED TAX ASSETS	`DeferredTaxAssetsNetNoncurrent`	$9.19M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`FiniteLivedIntangibleAssetsNet`	$18.30M	USD	Point-in-time
INTANGIBLE ASSETS, NET	`FiniteLivedIntangibleAssetsNet`	$18.87M	USD	Point-in-time
GOODWILL	`Goodwill`	$413.71M	USD	Point-in-time
GOODWILL	`Goodwill`	$416.18M	USD	Point-in-time
Land	`Land`	$36.47M	USD	Point-in-time
Land	`Land`	$36.79M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$318.46M	USD	Point-in-time
Buildings	`BuildingsAndImprovementsGross`	$319.24M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$695.81M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$688.00M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$34.77M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$32.97M	USD	Point-in-time
Property, plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$1.08B	USD	Point-in-time
Property, plant and equipment, gross	`PropertyPlantAndEquipmentGross`	$1.08B	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$598.47M	USD	Point-in-time
Less accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$586.97M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$491.06M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$486.03M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.84B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$1.82B	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$131.81M	USD	Point-in-time
Trade accounts payable	`AccountsPayableTradeCurrent`	$108.38M	USD	Point-in-time
Accrued salaries, wages and withholdings from employees	`EmployeeRelatedLiabilitiesCurrent`	$23.41M	USD	Point-in-time
Accrued salaries, wages and withholdings from employees	`EmployeeRelatedLiabilitiesCurrent`	$20.25M	USD	Point-in-time
Other accrued expense	`OtherAccruedLiabilitiesCurrent`	$38.70M	USD	Point-in-time
Other accrued expense	`OtherAccruedLiabilitiesCurrent`	$31.20M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$10.03M	USD	Point-in-time
Income taxes	`AccruedIncomeTaxesCurrent`	$8.23M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$20.05M	USD	Point-in-time
Short-term borrowings	`ShortTermBorrowings`	$20.08M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$214.70M	USD	Point-in-time
TOTAL CURRENT LIABILITIES	`LiabilitiesCurrent`	$197.45M	USD	Point-in-time
DEFERRED TAX LIABILITIES	`DeferredTaxLiabilitiesNoncurrent`	$31.10M	USD	Point-in-time
DEFERRED TAX LIABILITIES	`DeferredTaxLiabilitiesNoncurrent`	$28.98M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$8.55M	USD	Point-in-time
OTHER LIABILITIES	`OtherLiabilitiesNoncurrent`	$21.84M	USD	Point-in-time
ACCRUED EMPLOYEE AND RETIREE BENEFITS	`EmployeeRelatedLiabilitiesNonCurrent`	$23.80M	USD	Point-in-time
ACCRUED EMPLOYEE AND RETIREE BENEFITS	`EmployeeRelatedLiabilitiesNonCurrent`	$23.21M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$689.55M	USD	Point-in-time
LONG-TERM DEBT	`LongTermDebtNoncurrent`	$688.95M	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`	$100.48M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$101.66M	USD	Point-in-time
Earnings reinvested in the business	`RetainedEarningsAccumulatedDeficit`	$1.52B	USD	Point-in-time
Earnings reinvested in the business	`RetainedEarningsAccumulatedDeficit`	$1.53B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$595.72M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockValue`	$597.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-165.56M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-166.27M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$877.72M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$859.95M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.82B	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$1.84B	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$347.51M	USD	1 Quarter
Revenue	`RevenueFromContractWithCustomerExcludingAssessedTax`	$356.48M	USD	1 Quarter
Cost of products sold	`CostOfProductsSold`	$232.29M	USD	1 Quarter
Cost of products sold	`CostOfProductsSold`	$233.41M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$67.39M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$65.81M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$55.68M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$49.42M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$5.55M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$50.13M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$44.02M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$11.93M	USD	1 Quarter
Income taxes	`IncomeTaxExpenseBenefit`	$11.21M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$32.81M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$38.19M	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.24M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	42.88M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.27M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	43.03M	shares	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.78	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.89	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.89	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.78	USD	1 Quarter
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`	$0.36	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$32.81M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$38.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$12.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$13.67M	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$687.00K	USD	1 Quarter
Share-based compensation	`ShareBasedCompensation`	$1.25M	USD	1 Quarter
Net (gain) loss on assets	`GainLossOnDispositionOfAssets`	$-70.00K	USD	1 Quarter
Net (gain) loss on assets	`GainLossOnDispositionOfAssets`	$41.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.35M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.67M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$26.38M	USD	1 Quarter
Changes in operating assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$66.44M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-18.69M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$23.42M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.06M	USD	1 Quarter
Acquisition of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.30M	USD	1 Quarter
Cash receipts on sold receivables	`ProceedsFromSaleAndCollectionOfReceivables`	-	USD	1 Quarter
Cash receipts on sold receivables	`ProceedsFromSaleAndCollectionOfReceivables`	$44.41M	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$45.00K	USD	1 Quarter
Proceeds from sale of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$45.00K	USD	1 Quarter
Acquisition of new businesses	`PaymentsToAcquireBusinessesGross`	$11.00M	USD	1 Quarter
Acquisition of new businesses	`PaymentsToAcquireBusinessesGross`	-	USD	1 Quarter
Other investing activity	`PaymentsForProceedsFromOtherInvestingActivities`	$301.00K	USD	1 Quarter
Other investing activity	`PaymentsForProceedsFromOtherInvestingActivities`	$-789.00K	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$23.18M	USD	1 Quarter
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.56M	USD	1 Quarter
Proceeds from additional borrowings	`ProceedsFromIssuanceOfDebt`	$16.69M	USD	1 Quarter
Proceeds from additional borrowings	`ProceedsFromIssuanceOfDebt`	$92.35M	USD	1 Quarter
Debt payments	`RepaymentsOfDebt`	$12.58M	USD	1 Quarter
Debt payments	`RepaymentsOfDebt`	$12.28M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$72.70M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$14.27M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$15.22M	USD	1 Quarter
Other financing activity	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.71M	USD	1 Quarter
Other financing activity	`ProceedsFromPaymentsForOtherFinancingActivities`	$-803.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-9.62M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-11.91M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$6.21M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-964.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.08M	USD	1 Quarter
Net increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$2.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.90M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.90M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.34M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.42M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$31.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$33.90M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$29.34M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$30.42M	USD	Point-in-time

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.36	USD	1 Quarter
Cash dividends per share (in dollars per share)	`CommonStockDividendsPerShareCashPaid`	$0.33	USD	1 Quarter
Beginning balance	`StockholdersEquity`	$877.72M	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$859.95M	USD	Point-in-time
Net earnings	`NetIncomeLoss`	$32.81M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$38.19M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$877.72M	USD	Point-in-time
Ending balance	`StockholdersEquity`	$859.95M	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$32.09M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$62.06M	USD	1 Quarter

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