10-Q Filing

ESCO TECHNOLOGIES INC CIK: 866706 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001144204-19-006206`
Period End Date	20181231
Filing Date	20190211
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	ese-20181231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 24 Cash Flow Statement 52 Comprehensive Income 10

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Property, plant and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$115.73M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$116.98M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$92.27M	USD	Point-in-time
Intangible assets, net of accumulated amortization	`FiniteLivedIntangibleAssetsAccumulatedAmortization`	$96.93M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$30.48M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.52M	USD	Point-in-time
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$41.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.63M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$163.74M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$146.67M	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$94.08M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Contract assets	`ContractWithCustomerAssetNetCurrent`	$53.03M	USD	Point-in-time
Inventories	`InventoryNet`	$135.42M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Inventories	`InventoryNet`	$119.66M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.53M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.88M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$13.36M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	30.53M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.62M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$396.02M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	4.62M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$411.92M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $116,976 and $115,728, respectively	`PropertyPlantAndEquipmentNet`	$134.95M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $116,976 and $115,728, respectively	`PropertyPlantAndEquipmentNet`	$129.44M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $96,926 and $92,274, respectively	`IntangibleAssetsNetExcludingGoodwill`	$345.35M	USD	Point-in-time
Intangible assets, net of accumulated amortization of $96,926 and $92,274, respectively	`IntangibleAssetsNetExcludingGoodwill`	$340.19M	USD	Point-in-time
Goodwill	`Goodwill`	$381.65M	USD	Point-in-time
Goodwill	`Goodwill`	$381.20M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$7.14M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$5.46M	USD	Point-in-time
Total assets	`Assets`	$1.27B	USD	Point-in-time
Total assets	`Assets`	$1.27B	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$20.27M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$20.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$54.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$63.03M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$53.25M	USD	Point-in-time
Contract liabilities	`ContractWithCustomerLiabilityCurrent`	$49.03M	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$29.38M	USD	Point-in-time
Accrued salaries	`AccruedSalariesCurrent`	$20.94M	USD	Point-in-time
Accrued other expenses	`OtherAccruedLiabilitiesCurrent`	$39.08M	USD	Point-in-time
Accrued other expenses	`OtherAccruedLiabilitiesCurrent`	$45.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$194.67M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$200.53M	USD	Point-in-time
Pension obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$16.29M	USD	Point-in-time
Pension obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$16.55M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$61.54M	USD	Point-in-time
Deferred tax liabilities	`DeferredTaxLiabilitiesNoncurrent`	$64.79M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$23.66M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$24.10M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$195.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$200.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$491.42M	USD	Point-in-time
Total liabilities	`Liabilities`	$505.71M	USD	Point-in-time
Preferred stock, par value $.01 per share, authorized 10,000,000 shares	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $.01 per share, authorized 10,000,000 shares	`PreferredStockValue`	-	USD	Point-in-time
Common stock, par value $.01 per share, authorized 50,000,000 shares, issued 30,534,786 and 30,534,786 shares, respectively	`CommonStockValue`	$305.00K	USD	Point-in-time
Common stock, par value $.01 per share, authorized 50,000,000 shares, issued 30,534,786 and 30,534,786 shares, respectively	`CommonStockValue`	$305.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$292.29M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$291.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$606.84M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$627.67M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-36.08M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-31.53M	USD	Point-in-time
Total stockholders' equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$884.19M	USD	Point-in-time
Total stockholders' equity before Treasury Stock	`StockholdersEquityBeforeTreasuryStock`	$866.80M	USD	Point-in-time
Less treasury stock, at cost: 4,623,958 and 4,623,958 common shares, respectively	`TreasuryStockValue`	$107.39M	USD	Point-in-time
Less treasury stock, at cost: 4,623,958 and 4,623,958 common shares, respectively	`TreasuryStockValue`	$107.39M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$759.41M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$776.79M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.27B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.27B	USD	Point-in-time

Income Statement 24 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$182.60M	USD	1 Quarter
Net sales	`Revenues`	$173.50M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$118.91M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$111.74M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$40.99M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$42.15M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$4.65M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$4.45M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-2.19M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-1.89M	USD	1 Quarter
Other (income) expenses, net	`OtherOperatingIncomeExpenseNet`	$-173.00K	USD	1 Quarter
Other (income) expenses, net	`OtherOperatingIncomeExpenseNet`	$7.10M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$160.69M	USD	1 Quarter
Total costs and expenses	`CostsAndExpenses`	$159.34M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.80M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$23.26M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$5.94M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-21.87M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$17.32M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$34.67M	USD	1 Quarter
Basic - Net earnings	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Basic - Net earnings	`EarningsPerShareBasic`	$1.34	USD	1 Quarter
Diluted - Net earnings	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Diluted - Net earnings	`EarningsPerShareDiluted`	$1.33	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$17.32M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$34.67M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$9.23M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$1.35M	USD	1 Quarter
Stock compensation expense	`ShareBasedCompensation`	$1.37M	USD	1 Quarter
Changes in assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$7.91M	USD	1 Quarter
Changes in assets and liabilities	`IncreaseDecreaseInOperatingCapital`	$-1.41M	USD	1 Quarter
Change in property, plant and equipment due to gain on sale of building	`GainLossOnSaleOfPropertyPlantEquipment`	-	USD	1 Quarter
Change in property, plant and equipment due to gain on sale of building	`GainLossOnSaleOfPropertyPlantEquipment`	$8.92M	USD	1 Quarter
Effect of deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-3.26M	USD	1 Quarter
Effect of deferred taxes	`DeferredIncomeTaxExpenseBenefit`	$-28.50M	USD	1 Quarter
Pension contributions	`PensionContributions`	-	USD	1 Quarter
Pension contributions	`PensionContributions`	$360.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.80M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$8.10M	USD	1 Quarter
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$233.00K	USD	1 Quarter
Acquisition of business, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Proceeds from sale of building and land	`ProceedsFromSaleOfLandHeldForUse`	$17.20M	USD	1 Quarter
Proceeds from sale of building and land	`ProceedsFromSaleOfLandHeldForUse`	-	USD	1 Quarter
Additions to capitalized software	`PaymentsToAcquireSoftware`	$2.06M	USD	1 Quarter
Additions to capitalized software	`PaymentsToAcquireSoftware`	$2.08M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.61M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$8.88M	USD	1 Quarter
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$6.26M	USD	1 Quarter
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.92M	USD	1 Quarter
Proceeds from long-term debt and short-term borrowings	`ProceedsFromIssuanceOfDebt`	$15.00M	USD	1 Quarter
Proceeds from long-term debt and short-term borrowings	`ProceedsFromIssuanceOfDebt`	$8.27M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$30.00M	USD	1 Quarter
Principal payments on long-term debt	`RepaymentsOfLongTermDebt`	$13.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.07M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.07M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-159.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$17.00K	USD	1 Quarter
Net cash (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-17.05M	USD	1 Quarter
Net cash (used) by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-6.96M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.25M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.26M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-3.92M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$6.15M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$30.48M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.52M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$41.60M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.63M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$30.48M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$45.52M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$41.60M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$36.63M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$2.05M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$1.98M	USD	1 Quarter
Income taxes paid (including state and foreign)	`IncomeTaxesPaid`	$119.00K	USD	1 Quarter
Income taxes paid (including state and foreign)	`IncomeTaxesPaid`	$1.02M	USD	1 Quarter

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$17.32M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$34.67M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-4.53M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.29M	USD	1 Quarter
Net unrealized (loss) gain on derivative instruments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-17.00K	USD	1 Quarter
Net unrealized (loss) gain on derivative instruments	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$25.00K	USD	1 Quarter
Total other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.30M	USD	1 Quarter
Total other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-4.55M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$35.98M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$12.76M	USD	1 Quarter

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