10-Q Filing

ACUITY INC. (DE) CIK: 1144215 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001144215-18-000006`
Period End Date	20171130
Filing Date	20180109
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	ayi-20171130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 44 Cash Flow Statement 64

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$428.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$413.20M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.90M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$311.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$451.20M	USD	Point-in-time
Accounts receivable, less reserve for doubtful accounts of $2.0 and $1.9, respectively	`AccountsReceivableNetCurrent`	$514.30M	USD	Point-in-time
Accounts receivable, less reserve for doubtful accounts of $2.0 and $1.9, respectively	`AccountsReceivableNetCurrent`	$573.30M	USD	Point-in-time
Inventories	`InventoryNet`	$328.60M	USD	Point-in-time
Inventories	`InventoryNet`	$339.60M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$32.60M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$41.30M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.32B	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.25B	USD	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Land	`Land`	$22.50M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Land	`Land`	$22.30M	USD	Point-in-time
Buildings and leasehold improvements	`BuildingsAndImprovementsGross`	$181.40M	USD	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized (shares)	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Buildings and leasehold improvements	`BuildingsAndImprovementsGross`	$180.70M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$484.60M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	53.55M	shares	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	53.62M	shares	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$492.90M	USD	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	11.68M	shares	Point-in-time
Total property, plant, and equipment	`PropertyPlantAndEquipmentGross`	$696.60M	USD	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	11.68M	shares	Point-in-time
Total property, plant, and equipment	`PropertyPlantAndEquipmentGross`	$687.80M	USD	Point-in-time
Less Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$400.10M	USD	Point-in-time
Less Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$410.50M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$287.70M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$286.10M	USD	Point-in-time
Goodwill	`Goodwill`	$900.90M	USD	Point-in-time
Goodwill	`Goodwill`	$896.50M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$439.90M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$448.80M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$3.30M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$3.40M	USD	Point-in-time
Other long-term assets	`OtherLongTermAssets`	$11.80M	USD	Point-in-time
Other long-term assets	`OtherLongTermAssets`	$13.20M	USD	Point-in-time
Total assets	`Assets`	$2.90B	USD	Point-in-time
Total assets	`Assets`	$2.96B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$364.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$395.10M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$400.00K	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$400.00K	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$41.80M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$31.20M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$198.70M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$163.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$600.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$594.90M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$356.50M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$356.50M	USD	Point-in-time
Accrued pension liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$95.90M	USD	Point-in-time
Accrued pension liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$96.90M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$108.30M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$108.20M	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveNoncurrent`	$7.90M	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveNoncurrent`	$8.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$71.10M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$63.60M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.23B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.24B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 50,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value; 50,000,000 shares authorized; none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 shares authorized; 53,621,355 and 53,549,840 issued, respectively	`CommonStockValue`	$500.00K	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 shares authorized; 53,621,355 and 53,549,840 issued, respectively	`CommonStockValue`	$500.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$881.00M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$884.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.73B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.66B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-99.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-108.60M	USD	Point-in-time
Treasury stock, at cost 11,676,689 and 11,678,002 shares, respectively	`TreasuryStockValue`	$776.10M	USD	Point-in-time
Treasury stock, at cost 11,676,689 and 11,678,002 shares, respectively	`TreasuryStockValue`	$776.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.73B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.67B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.96B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.90B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueGoodsNet`	$842.80M	USD	1 Quarter
Net sales	`SalesRevenueGoodsNet`	$851.20M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$491.60M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$492.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$359.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$350.20M	USD	1 Quarter
Selling, distribution, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$231.80M	USD	1 Quarter
Selling, distribution, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$231.40M	USD	1 Quarter
Special charge	`RestructuringCharges`	$1.20M	USD	1 Quarter
Special charge	`RestructuringCharges`	$200.00K	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$126.60M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$118.60M	USD	1 Quarter
Interest expense, net	`InterestRevenueExpenseNet`	$-8.20M	USD	1 Quarter
Interest expense, net	`InterestRevenueExpenseNet`	$-8.10M	USD	1 Quarter
Miscellaneous income, net	`OtherNonoperatingIncomeExpense`	$400.00K	USD	1 Quarter
Miscellaneous income, net	`OtherNonoperatingIncomeExpense`	$7.90M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-7.70M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-300.00K	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$126.30M	USD	1 Quarter
Income before provision for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$110.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$44.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$39.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$81.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.50M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.71	USD	1 Quarter
Basic earnings per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.87	USD	1 Quarter
Basic weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.90M	shares	1 Quarter
Basic weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	43.80M	shares	1 Quarter
Diluted earnings per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.70	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.86	USD	1 Quarter
Diluted weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.10M	shares	1 Quarter
Diluted weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	44.00M	shares	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter
Dividends declared per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.13	USD	1 Quarter
Net income	`NetIncomeLoss`	$81.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.50M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-11.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-10.50M	USD	1 Quarter
Defined benefit pension plans, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-2.00M	USD	1 Quarter
Defined benefit pension plans, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-1.60M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.90M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-9.90M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$62.60M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$71.80M	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$81.70M	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.00M	USD	1 Quarter
Share-based payment expense	`ShareBasedCompensation`	$8.50M	USD	1 Quarter
Share-based payment expense	`ShareBasedCompensation`	$7.90M	USD	1 Quarter
Loss on sale or disposal of property, plant, and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-100.00K	USD	1 Quarter
Loss on sale or disposal of property, plant, and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-100.00K	USD	1 Quarter
Gain on sale of investment in unconsolidated affiliate	`GainOnSaleOfInvestments`	-	USD	1 Quarter
Gain on sale of investment in unconsolidated affiliate	`GainOnSaleOfInvestments`	$7.20M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	-	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-100.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-57.60M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-47.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$40.30M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$11.10M	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$10.70M	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$9.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-32.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-7.20M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-45.70M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$25.50M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-10.60M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-12.40M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$139.80M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$55.80M	USD	1 Quarter
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.30M	USD	1 Quarter
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.50M	USD	1 Quarter
Proceeds from sale of property, plant, and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property, plant, and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$5.40M	USD	1 Quarter
Proceeds from sale of investment in unconsolidated affiliate	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	$13.00M	USD	1 Quarter
Proceeds from sale of investment in unconsolidated affiliate	`ProceedsFromDivestitureOfBusinessesAndInterestsInAffiliates`	-	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-1.10M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.30M	USD	1 Quarter
Issuances of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Issuances of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$900.00K	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$100.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$400.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Proceeds from stock option exercises and other	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$2.10M	USD	1 Quarter
Proceeds from stock option exercises and other	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$800.00K	USD	1 Quarter
Payments for employee taxes on net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.00M	USD	1 Quarter
Payments for employee taxes on net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$11.30M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.80M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.50M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-14.50M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-10.80M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.20M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.20M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$38.00M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$117.50M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$428.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$413.20M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$311.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$451.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$428.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$413.20M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$311.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$451.20M	USD	Point-in-time
Income taxes paid during the period	`IncomeTaxesPaid`	$2.70M	USD	1 Quarter
Income taxes paid during the period	`IncomeTaxesPaid`	$29.00M	USD	1 Quarter
Interest paid during the period	`InterestPaid`	$12.70M	USD	1 Quarter
Interest paid during the period	`InterestPaid`	$12.10M	USD	1 Quarter

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