10-Q Filing

ACUITY INC. (DE) CIK: 1144215 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001144215-20-000005`
Period End Date	20191130
Filing Date	20200109
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	ayi-20191130x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 85 Income Statement 44 Cash Flow Statement 64

Balance Sheet 85 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$266.60M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.10M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$461.00M	USD	Point-in-time
Accounts receivable, less reserve for doubtful accounts of $1.1 and $1.0, respectively	`AccountsReceivableNetCurrent`	$507.70M	USD	Point-in-time
Accounts receivable, less reserve for doubtful accounts of $1.1 and $1.0, respectively	`AccountsReceivableNetCurrent`	$561.00M	USD	Point-in-time
Inventories	`InventoryNet`	$340.80M	USD	Point-in-time
Inventories	`InventoryNet`	$352.60M	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`	$79.00M	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`	$79.50M	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 authorized (shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.44B	USD	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$277.30M	USD	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$278.40M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$60.10M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Goodwill	`Goodwill`	$966.90M	USD	Point-in-time
Goodwill	`Goodwill`	$967.30M	USD	Point-in-time
Goodwill	`Goodwill`	$1.12B	USD	Point-in-time
Goodwill	`Goodwill`	$970.60M	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
Common stock, shares issued (shares)	`CommonStockSharesIssued`	53.85M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$466.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$621.50M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	53.78M	shares	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	14.33M	shares	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.30M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.30M	USD	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	14.33M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$17.70M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$21.00M	USD	Point-in-time
Total assets	`Assets`	$3.31B	USD	Point-in-time
Total assets	`Assets`	$3.17B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$338.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$321.70M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$9.20M	USD	Point-in-time
Current maturities of long-term debt	`LongTermDebtCurrent`	$9.10M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$16.70M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$50.50M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$73.20M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$175.00M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$174.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$596.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$572.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$347.50M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$347.10M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$49.40M	USD	Point-in-time
Accrued pension liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$99.70M	USD	Point-in-time
Accrued pension liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$98.70M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$122.70M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$92.70M	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveNoncurrent`	$6.80M	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveNoncurrent`	$7.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$120.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$110.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.25B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.32B	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; 53,847,197 and 53,778,155 issued, respectively	`CommonStockValue`	$500.00K	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 shares authorized; 53,847,197 and 53,778,155 issued, respectively	`CommonStockValue`	$500.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$930.00M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$942.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.35B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.30B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-151.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-147.60M	USD	Point-in-time
Treasury stock, at cost 14,325,197 and 14,325,197 shares, respectively	`TreasuryStockValue`	$1.16B	USD	Point-in-time
Treasury stock, at cost 14,325,197 and 14,325,197 shares, respectively	`TreasuryStockValue`	$1.16B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.72B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.75B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.92B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.99B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.31B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.17B	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`	$834.70M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$565.10M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$478.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$355.80M	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`	$265.30M	USD	1 Quarter
Special charges	`RestructuringCharges`	$1.00M	USD	1 Quarter
Special charges	`RestructuringCharges`	$6.90M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$116.40M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$83.60M	USD	1 Quarter
Interest expense, net	`InterestRevenueExpenseNet`	$-8.30M	USD	1 Quarter
Interest expense, net	`InterestRevenueExpenseNet`	$-8.70M	USD	1 Quarter
Miscellaneous expense, net	`OtherNonoperatingIncomeExpense`	$-1.30M	USD	1 Quarter
Miscellaneous expense, net	`OtherNonoperatingIncomeExpense`	$-1.40M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-10.00M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-9.70M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$106.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$73.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$26.80M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$16.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$57.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$79.60M	USD	1 Quarter
Basic earnings per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.44	USD	1 Quarter
Basic earnings per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$1.99	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`	39.50M	shares	1 Quarter
Diluted earnings per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.44	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.98	USD	1 Quarter
Diluted weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.60M	shares	1 Quarter
Diluted weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.10M	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`	$57.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$79.60M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-8.80M	USD	1 Quarter
Defined benefit plans, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-1.90M	USD	1 Quarter
Defined benefit plans, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-2.60M	USD	1 Quarter
Other comprehensive income (loss) items, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-6.20M	USD	1 Quarter
Other comprehensive income (loss) items, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$60.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$73.40M	USD	1 Quarter

Cash Flow Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$57.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$79.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$21.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.20M	USD	1 Quarter
Share-based payment expense	`ShareBasedCompensation`	$7.80M	USD	1 Quarter
Share-based payment expense	`ShareBasedCompensation`	$16.70M	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`	$-400.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$400.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-100.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-102.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-66.30M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-4.90M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.20M	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.30M	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$14.80M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-61.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-22.70M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-28.30M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInOtherAccruedLiabilities`	$-1.60M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-7.90M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-14.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$131.80M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$129.60M	USD	1 Quarter
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.00M	USD	1 Quarter
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.60M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$302.00M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.70M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.50M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.30M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-315.10M	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`	-	USD	1 Quarter
Repayments of borrowings on credit facility	`RepaymentsOfLinesOfCredit`	$55.40M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$400.00K	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`	$200.00K	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`	$4.10M	USD	1 Quarter
Dividends paid	`PaymentsOfDividendsCommonStock`	$5.20M	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`	$-9.50M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$600.00K	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-700.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$85.70M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-194.40M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$214.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$129.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$266.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$214.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$129.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$461.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$266.60M	USD	Point-in-time
Income taxes paid during the period	`IncomeTaxesPaid`	$4.60M	USD	1 Quarter
Income taxes paid during the period	`IncomeTaxesPaid`	$6.10M	USD	1 Quarter
Interest paid during the period	`InterestPaidNet`	$12.90M	USD	1 Quarter
Interest paid during the period	`InterestPaidNet`	$13.50M	USD	1 Quarter

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