10-Q Filing

ACUITY INC. (DE) CIK: 1144215 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001144215-21-000008`
Period End Date	20201130
Filing Date	20210107
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	ayi-20201130_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 90 Income Statement 45 Cash Flow Statement 60

Balance Sheet 90 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$507.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$560.70M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$2.40M	USD	Point-in-time
Accounts receivable, less reserve for doubtful accounts of $2.4 and $2.6, respectively	`AccountsReceivableNetCurrent`	$500.30M	USD	Point-in-time
Accounts receivable, less reserve for doubtful accounts of $2.4 and $2.6, respectively	`AccountsReceivableNetCurrent`	$445.30M	USD	Point-in-time
Inventories	`InventoryNet`	$320.10M	USD	Point-in-time
Inventories	`InventoryNet`	$316.10M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$79.30M	USD	Point-in-time
Prepayments and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$58.60M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	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`	$1.35B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.44B	USD	Point-in-time
Preferred stock, shares authorized (shares)	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$270.50M	USD	Point-in-time
Preferred stock, shares issued (shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property, plant, and equipment, net	`PropertyPlantAndEquipmentNet`	$268.80M	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`	$63.40M	USD	Point-in-time
Operating lease right-of-use assets	`OperatingLeaseRightOfUseAsset`	$65.80M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Goodwill	`Goodwill`	$1.12B	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
Goodwill	`Goodwill`	$1.08B	USD	Point-in-time
Goodwill	`Goodwill`	$1.08B	USD	Point-in-time
Goodwill	`Goodwill`	$967.30M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$605.90M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	53.89M	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$596.00M	USD	Point-in-time
Common stock, shares issued (shares)	`CommonStockSharesIssued`	53.96M	shares	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	17.57M	shares	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.70M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxAssetsNet`	$2.70M	USD	Point-in-time
Treasury stock, shares (shares)	`TreasuryStockShares`	15.01M	shares	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$29.50M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$27.00M	USD	Point-in-time
Total assets	`Assets`	$3.49B	USD	Point-in-time
Total assets	`Assets`	$3.39B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$317.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$326.50M	USD	Point-in-time
Current maturities of debt	`LongTermDebtCurrent`	$4.30M	USD	Point-in-time
Current maturities of debt	`LongTermDebtCurrent`	$24.30M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$17.20M	USD	Point-in-time
Current operating lease liabilities	`OperatingLeaseLiabilityCurrent`	$18.10M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$75.30M	USD	Point-in-time
Accrued compensation	`EmployeeRelatedLiabilitiesCurrent`	$85.40M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$168.40M	USD	Point-in-time
Other accrued liabilities	`OtherAccruedLiabilitiesCurrent`	$164.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$583.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$617.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$495.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$376.80M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$58.10M	USD	Point-in-time
Long-term operating lease liabilities	`OperatingLeaseLiabilityNoncurrent`	$56.80M	USD	Point-in-time
Accrued pension liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$91.60M	USD	Point-in-time
Accrued pension liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$69.20M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$95.30M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$94.90M	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveNoncurrent`	$6.70M	USD	Point-in-time
Self-insurance reserves	`SelfInsuranceReserveNoncurrent`	$6.50M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$143.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$120.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$1.45B	USD	Point-in-time
Total liabilities	`Liabilities`	$1.36B	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; 53,960,200 and 53,885,165 issued, respectively	`CommonStockValue`	$500.00K	USD	Point-in-time
Common stock, $0.01 par value; 500,000,000 shares authorized; 53,960,200 and 53,885,165 issued, respectively	`CommonStockValue`	$500.00K	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$968.60M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$963.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.58B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$2.52B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-132.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-126.50M	USD	Point-in-time
Treasury stock, at cost 17,571,980 and 15,012,449 shares, respectively	`TreasuryStockValue`	$1.48B	USD	Point-in-time
Treasury stock, at cost 17,571,980 and 15,012,449 shares, respectively	`TreasuryStockValue`	$1.23B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.92B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$2.13B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.94B	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$1.99B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.49B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.39B	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time

Income Statement 45 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$792.00M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$834.70M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$459.60M	USD	1 Quarter
Cost of products sold	`CostOfGoodsAndServicesSold`	$478.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$332.40M	USD	1 Quarter
Gross profit	`GrossProfit`	$355.80M	USD	1 Quarter
Selling, distribution, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$246.00M	USD	1 Quarter
Selling, distribution, and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$265.30M	USD	1 Quarter
Special charges	`RestructuringCharges`	$700.00K	USD	1 Quarter
Special charges	`RestructuringCharges`	$700.00K	USD	2 Qtrs
Special charges	`RestructuringCharges`	$6.90M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$83.60M	USD	1 Quarter
Operating profit	`OperatingIncomeLoss`	$85.70M	USD	1 Quarter
Interest expense, net	`InterestRevenueExpenseNet`	$-8.30M	USD	1 Quarter
Interest expense, net	`InterestRevenueExpenseNet`	$-4.90M	USD	1 Quarter
Miscellaneous expense, net	`OtherNonoperatingIncomeExpense`	$-1.60M	USD	1 Quarter
Miscellaneous expense, net	`OtherNonoperatingIncomeExpense`	$-1.40M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-6.50M	USD	1 Quarter
Total other expense	`NonoperatingIncomeExpense`	$-9.70M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$73.90M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$79.20M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$16.90M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$19.60M	USD	1 Quarter
Net income	`NetIncomeLoss`	$57.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.60M	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`	$1.58	USD	1 Quarter
Basic weighted average number of shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	37.60M	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`	$1.57	USD	1 Quarter
Diluted earnings per share (in dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$1.44	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`	37.80M	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`	$59.60M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$4.60M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.90M	USD	1 Quarter
Defined benefit plans, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-1.90M	USD	1 Quarter
Defined benefit plans, net of tax	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent`	$-1.60M	USD	1 Quarter
Other comprehensive income items, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$6.20M	USD	1 Quarter
Other comprehensive income items, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$3.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$60.80M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$65.80M	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$57.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$59.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$24.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$25.00M	USD	1 Quarter
Share-based payment expense	`ShareBasedCompensation`	$7.70M	USD	1 Quarter
Share-based payment expense	`ShareBasedCompensation`	$16.70M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	$4.00M	USD	1 Quarter
Asset impairment	`AssetImpairmentCharges`	-	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-66.30M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-56.30M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-4.10M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-4.90M	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$20.30M	USD	1 Quarter
Prepayments and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$3.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-9.20M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-22.70M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$3.30M	USD	1 Quarter
Other	`IncreaseDecreaseInOtherOperatingCapitalNet`	$13.50M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$129.60M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$123.90M	USD	1 Quarter
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.40M	USD	1 Quarter
Purchases of property, plant, and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.60M	USD	1 Quarter
Proceeds from sale of property, plant, and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from sale of property, plant, and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$400.00K	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`	$3.10M	USD	1 Quarter
Other investing activities	`PaymentsForProceedsFromOtherInvestingActivities`	$1.50M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-315.10M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-14.10M	USD	1 Quarter
Issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$493.90M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$395.10M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$400.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$255.20M	USD	1 Quarter
Proceeds from stock option exercises and other	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$300.00K	USD	1 Quarter
Proceeds from stock option exercises and other	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$200.00K	USD	1 Quarter
Payments of taxes withheld on net settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.00M	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`	$5.00M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-164.10M	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`	$600.00K	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-194.40M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-53.70M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$266.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$560.70M	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`	$507.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$266.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$560.70M	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`	$507.00M	USD	Point-in-time
Income taxes paid during the period	`IncomeTaxesPaid`	$9.30M	USD	1 Quarter
Income taxes paid during the period	`IncomeTaxesPaid`	$4.60M	USD	1 Quarter
Interest paid during the period	`InterestPaidNet`	$15.10M	USD	1 Quarter
Interest paid during the period	`InterestPaidNet`	$12.90M	USD	1 Quarter

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