10-Q Filing

ACUITY INC. (DE) CIK: 1144215 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001144215-19-000025`
Period End Date	20181130
Filing Date	20190109
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	ayi-20181130.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 94 Income Statement 44 Cash Flow Statement 62

Balance Sheet 94 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$214.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$311.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.10M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$428.60M	USD	Point-in-time
Accounts receivable, less reserve for doubtful accounts of $1.3 and $1.3, respectively	`AccountsReceivableNetCurrent`	$556.70M	USD	Point-in-time
Accounts receivable, less reserve for doubtful accounts of $1.3 and $1.3, respectively	`AccountsReceivableNetCurrent`	$637.90M	USD	Point-in-time
Inventories	`InventoryNet`	$420.20M	USD	Point-in-time
Inventories	`InventoryNet`	$411.80M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$32.30M	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`	$60.10M	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`	$1.25B	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.21B	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
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Land	`Land`	$22.70M	USD	Point-in-time
Land	`Land`	$22.90M	USD	Point-in-time
Buildings and leasehold improvements	`BuildingsAndImprovementsGross`	$189.10M	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`	$186.80M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	53.73M	shares	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$516.60M	USD	Point-in-time
Machinery and equipment	`MachineryAndEquipmentGross`	$522.90M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	53.67M	shares	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	13.87M	shares	Point-in-time
Total property, plant, and equipment	`PropertyPlantAndEquipmentGross`	$728.60M	USD	Point-in-time
Total property, plant, and equipment	`PropertyPlantAndEquipmentGross`	$732.40M	USD	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	13.68M	shares	Point-in-time
Less Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$441.90M	USD	Point-in-time
Less Accumulated depreciation and amortization	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$449.40M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$283.00M	USD	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$286.70M	USD	Point-in-time
Goodwill	`Goodwill`	$900.90M	USD	Point-in-time
Goodwill	`Goodwill`	$896.50M	USD	Point-in-time
Goodwill	`Goodwill`	$966.90M	USD	Point-in-time
Goodwill	`Goodwill`	$970.60M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$489.50M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$498.70M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.90M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.90M	USD	Point-in-time
Other long-term assets	`OtherLongTermAssets`	$18.80M	USD	Point-in-time
Other long-term assets	`OtherLongTermAssets`	$21.20M	USD	Point-in-time
Total assets	`Assets`	$2.99B	USD	Point-in-time
Total assets	`Assets`	$3.02B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$389.70M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$451.10M	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`	$67.00M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$39.70M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$164.20M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$222.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$682.70M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$652.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$356.40M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$356.30M	USD	Point-in-time
Accrued pension liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$62.50M	USD	Point-in-time
Accrued pension liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$64.60M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$88.70M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$92.50M	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveNoncurrent`	$8.10M	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveNoncurrent`	$7.90M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$96.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$67.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.26B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.27B	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; 53,733,561 and 53,667,327 issued, respectively	`CommonStockValue`	$500.00K	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 shares authorized; 53,733,561 and 53,667,327 issued, respectively	`CommonStockValue`	$500.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$906.30M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$910.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.06B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.00B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-114.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-121.00M	USD	Point-in-time
Treasury stock, at cost 13,874,079 and 13,676,689 shares, respectively	`TreasuryStockValue`	$1.10B	USD	Point-in-time
Treasury stock, at cost 13,874,079 and 13,676,689 shares, respectively	`TreasuryStockValue`	$1.07B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.67B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.75B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.72B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.73B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.02B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$2.99B	USD	Point-in-time

Income Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$932.60M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$842.80M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$565.10M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$492.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$349.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$367.50M	USD	1 Quarter
Selling, distribution, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$250.10M	USD	1 Quarter
Selling, distribution, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$229.50M	USD	1 Quarter
Special charge	`RestructuringCharges`	$200.00K	USD	1 Quarter
Special charge	`RestructuringCharges`	$1.00M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$116.40M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$120.20M	USD	1 Quarter
Interest expense, net	`InterestRevenueExpenseNet`	$-8.10M	USD	1 Quarter
Interest expense, net	`InterestRevenueExpenseNet`	$-8.70M	USD	1 Quarter
Miscellaneous expense, net	`OtherNonoperatingIncomeExpense`	$-1.20M	USD	1 Quarter
Miscellaneous expense, net	`OtherNonoperatingIncomeExpense`	$-1.30M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-10.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-9.30M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$106.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$110.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$26.80M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$39.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$79.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.50M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.99	USD	1 Quarter
Basic earnings per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.71	USD	1 Quarter
Basic weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	40.00M	shares	1 Quarter
Basic weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	41.90M	shares	1 Quarter
Diluted earnings per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.98	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.70	USD	1 Quarter
Diluted weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.10M	shares	1 Quarter
Diluted weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	42.10M	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`	$79.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.50M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-8.80M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-10.50M	USD	1 Quarter
Defined benefit plans, net	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-1.60M	USD	1 Quarter
Defined benefit plans, net	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-2.60M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.90M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-6.20M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$73.40M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$62.60M	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$79.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$71.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$19.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.30M	USD	1 Quarter
Share-based payment expense	`ShareBasedCompensation`	$8.50M	USD	1 Quarter
Share-based payment expense	`ShareBasedCompensation`	$7.80M	USD	1 Quarter
Loss on sale or disposal of property, plant, and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-400.00K	USD	1 Quarter
Loss on sale or disposal of property, plant, and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$-100.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-100.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-100.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-102.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-57.60M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$11.10M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.20M	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$14.80M	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`	$-61.50M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-1.60M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$25.50M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-10.60M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-7.90M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$131.80M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$139.80M	USD	1 Quarter
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.00M	USD	1 Quarter
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$10.30M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.70M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.30M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-10.30M	USD	1 Quarter
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	$55.40M	USD	1 Quarter
Borrowings on credit facility	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Repayments of borrowings on credit facility	`RepaymentsOfLinesOfCredit`	$55.40M	USD	1 Quarter
Repayments of borrowings on credit facility	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$100.00K	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$100.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$25.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Proceeds from stock option exercises and other	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$800.00K	USD	1 Quarter
Proceeds from stock option exercises and other	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$100.00K	USD	1 Quarter
Payments of taxes withheld on net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.90M	USD	1 Quarter
Payments of taxes withheld on net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$6.00M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.50M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.20M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-34.10M	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`	$-1.20M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-700.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$117.50M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$85.70M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$214.80M	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`	$129.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$428.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$214.80M	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`	$129.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$428.60M	USD	Point-in-time
Income taxes paid during the period	`IncomeTaxesPaid`	$2.70M	USD	1 Quarter
Income taxes paid during the period	`IncomeTaxesPaid`	$6.10M	USD	1 Quarter
Interest paid during the period	`InterestPaidNet`	$13.50M	USD	1 Quarter
Interest paid during the period	`InterestPaidNet`	$12.70M	USD	1 Quarter

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