10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001193125-16-584985 |
| Period End Date | 20160331 |
| Filing Date | 20160510 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | bdc-20160403.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$146.26M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$741.16M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$216.75M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$166.70M | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$346.21M | USD | Point-in-time |
| Receivables, net |
ReceivablesNetCurrent
|
$387.39M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$195.94M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$215.95M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$44.49M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$37.08M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$752.91M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$837.16M | USD | Point-in-time |
| Property, plant and equipment, less accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$310.63M | USD | Point-in-time |
| Property, plant and equipment, less accumulated depreciation |
PropertyPlantAndEquipmentNet
|
$316.44M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.39B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.41B | USD | Point-in-time |
| Intangible assets, less accumulated amortization |
IntangibleAssetsNetExcludingGoodwill
|
$642.94M | USD | Point-in-time |
| Intangible assets, less accumulated amortization |
IntangibleAssetsNetExcludingGoodwill
|
$655.87M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$34.30M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxAssetsNetNoncurrent
|
$36.48M | USD | Point-in-time |
| Other long-lived assets |
OtherAssetsNoncurrent
|
$67.53M | USD | Point-in-time |
| Other long-lived assets |
OtherAssetsNoncurrent
|
$68.77M | USD | Point-in-time |
| Total assets |
Assets
|
$3.29B | USD | Point-in-time |
| Total assets |
Assets
|
$3.22B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$223.51M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$208.92M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$323.25M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$281.39M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$2.50M | USD | Point-in-time |
| Current maturities of long-term debt |
LongTermDebtCurrent
|
$2.50M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$549.26M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$492.81M | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.69B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$1.73B | USD | Point-in-time |
| Postretirement benefits |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$105.23M | USD | Point-in-time |
| Postretirement benefits |
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
|
$107.05M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$49.34M | USD | Point-in-time |
| Deferred income taxes |
DeferredTaxLiabilitiesNoncurrent
|
$46.03M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$39.27M | USD | Point-in-time |
| Other long-term liabilities |
OtherLiabilitiesNoncurrent
|
$45.42M | USD | Point-in-time |
| Preferred stock |
PreferredStockValue
|
- | USD | Point-in-time |
| Preferred stock |
PreferredStockValue
|
- | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$503.00K | USD | Point-in-time |
| Common stock |
CommonStockValue
|
$503.00K | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$606.59M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$605.66M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$679.72M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$694.12M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-60.70M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-58.99M | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$402.52M | USD | Point-in-time |
| Treasury stock |
TreasuryStockValue
|
$402.79M | USD | Point-in-time |
| Total Belden stockholders' equity |
StockholdersEquity
|
$824.10M | USD | Point-in-time |
| Total Belden stockholders' equity |
StockholdersEquity
|
$837.98M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$1.42M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$1.32M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$825.52M | USD | Point-in-time |
| Total stockholders' equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$839.31M | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.22B | USD | Point-in-time |
| Total liabilities and stockholders' equity |
LiabilitiesAndStockholdersEquity
|
$3.29B | USD | Point-in-time |
Income Statement
37 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
SalesRevenueGoodsNet
|
$546.96M | USD | 1 Quarter |
| Revenues |
SalesRevenueGoodsNet
|
$541.50M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$339.31M | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsSold
|
$316.46M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$225.03M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$207.65M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$122.41M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$140.05M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$36.20M | USD | 1 Quarter |
| Research and development |
ResearchAndDevelopmentExpense
|
$36.13M | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$25.53M | USD | 1 Quarter |
| Amortization of intangibles |
AmortizationOfIntangibleAssets
|
$26.50M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$40.96M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$4.90M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-24.40M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-23.85M | USD | 1 Quarter |
| Income (loss) before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-18.95M | USD | 1 Quarter |
| Income (loss) before taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$16.57M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$688.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$143.00K | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$16.43M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$-19.64M | USD | 1 Quarter |
| Less: Net loss attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$-99.00K | USD | 1 Quarter |
| Net income (loss) attributable to Belden stockholders |
NetIncomeLoss
|
$-19.64M | USD | 1 Quarter |
| Net income (loss) attributable to Belden stockholders |
NetIncomeLoss
|
$16.52M | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
42.01M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
42.53M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
42.44M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
42.53M | shares | 1 Quarter |
| Basic income (loss) per share attributable to Belden stockholders |
EarningsPerShareBasic
|
$0.39 | USD | 1 Quarter |
| Basic income (loss) per share attributable to Belden stockholders |
EarningsPerShareBasic
|
$-0.46 | USD | 1 Quarter |
| Diluted income (loss) per share attributable to Belden stockholders |
EarningsPerShareDiluted
|
$-0.46 | USD | 1 Quarter |
| Diluted income (loss) per share attributable to Belden stockholders |
EarningsPerShareDiluted
|
$0.39 | USD | 1 Quarter |
| Comprehensive income (loss) attributable to Belden stockholders |
ComprehensiveIncomeNetOfTax
|
$14.81M | USD | 1 Quarter |
| Comprehensive income (loss) attributable to Belden stockholders |
ComprehensiveIncomeNetOfTax
|
$-5.72M | USD | 1 Quarter |
| Dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.05 | USD | 1 Quarter |
| Dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.05 | USD | 1 Quarter |
Cash Flow Statement
55 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
ProfitLoss
|
$16.43M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$-19.64M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$38.05M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$37.20M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$5.01M | USD | 1 Quarter |
| Share-based compensation |
ShareBasedCompensation
|
$4.10M | USD | 1 Quarter |
| Tax deficiency (benefit) related to share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$-67.00K | USD | 1 Quarter |
| Tax deficiency (benefit) related to share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$3.69M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInReceivables
|
$-45.10M | USD | 1 Quarter |
| Receivables |
IncreaseDecreaseInReceivables
|
$-10.34M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$18.21M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$16.62M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-34.56M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-17.19M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-52.61M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-23.96M | USD | 1 Quarter |
| Accrued taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-50.00K | USD | 1 Quarter |
| Accrued taxes |
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
$-6.39M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$2.41M | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$1.23M | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$923.00K | USD | 1 Quarter |
| Other liabilities |
IncreaseDecreaseInOtherOperatingLiabilities
|
$3.83M | USD | 1 Quarter |
| Net cash provided by (used for) operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$12.68M | USD | 1 Quarter |
| Net cash provided by (used for) operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-48.20M | USD | 1 Quarter |
| Cash used to acquire businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$695.35M | USD | 1 Quarter |
| Cash used to acquire businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$15.35M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$15.46M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$13.43M | USD | 1 Quarter |
| Proceeds from disposal of tangible assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$10.00K | USD | 1 Quarter |
| Proceeds from disposal of tangible assets |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$6.00K | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-28.77M | USD | 1 Quarter |
| Net cash used for investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-710.79M | USD | 1 Quarter |
| Payments under borrowing arrangements |
RepaymentsOfLongTermDebt
|
$50.62M | USD | 1 Quarter |
| Withholding tax payments for share-based payment awards, net of proceeds from the exercise of stock options |
ProceedsPaymentsFromStockOptionsExercised
|
$-10.84M | USD | 1 Quarter |
| Withholding tax payments for share-based payment awards, net of proceeds from the exercise of stock options |
ProceedsPaymentsFromStockOptionsExercised
|
$-2.83M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$2.10M | USD | 1 Quarter |
| Cash dividends paid |
PaymentsOfDividendsCommonStock
|
$2.14M | USD | 1 Quarter |
| Tax benefit (deficiency) related to share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$-67.00K | USD | 1 Quarter |
| Tax benefit (deficiency) related to share-based compensation |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$3.69M | USD | 1 Quarter |
| Borrowings under credit arrangements |
ProceedsFromIssuanceOfLongTermDebt
|
$200.00M | USD | 1 Quarter |
| Debt issuance costs paid |
PaymentsOfDebtIssuanceCosts
|
$622.00K | USD | 1 Quarter |
| Net cash provided by (used for) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-55.63M | USD | 1 Quarter |
| Net cash provided by (used for) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$190.09M | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$1.23M | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-5.55M | USD | 1 Quarter |
| Decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-574.46M | USD | 1 Quarter |
| Decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-70.49M | USD | 1 Quarter |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$146.26M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$741.16M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$216.75M | USD | Point-in-time |
| Cash and cash equivalents, beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$166.70M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$146.26M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$741.16M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$216.75M | USD | Point-in-time |
| Cash and cash equivalents, end of period |
CashAndCashEquivalentsAtCarryingValue
|
$166.70M | USD | Point-in-time |
Stockholders Equity
14 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning balance |
StockholdersEquity
|
$824.10M | USD | Point-in-time |
| Beginning balance |
StockholdersEquity
|
$837.98M | USD | Point-in-time |
| Net income (loss) |
ProfitLoss
|
$16.43M | USD | 1 Quarter |
| Net income (loss) |
ProfitLoss
|
$-19.64M | USD | 1 Quarter |
| Foreign currency translation |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-2.19M | USD | 1 Quarter |
| Adjustments to pension and postretirement liability, net of $0.3 million tax |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-848.00K | USD | 1 Quarter |
| Adjustments to pension and postretirement liability, net of $0.3 million tax |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-467.00K | USD | 1 Quarter |
| Other comprehensive income (loss), net of tax |
OtherComprehensiveIncomeLossNetOfTax
|
$-1.72M | USD | 1 Quarter |
| Exercise of stock options, net of tax withholding forfeitures |
StockIssuedDuringPeriodValueShareBasedCompensation
|
$-63.00K | USD | 1 Quarter |
| Conversion of restricted stock units into common stock, net of tax withholding forfeitures |
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
|
$-2.77M | USD | 1 Quarter |
| Share-based compensation |
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
$4.03M | USD | 1 Quarter |
| Dividends ($0.05 per share) |
DividendsCommonStockCash
|
$2.12M | USD | 1 Quarter |
| Ending balance |
StockholdersEquity
|
$824.10M | USD | Point-in-time |
| Ending balance |
StockholdersEquity
|
$837.98M | USD | Point-in-time |
Comprehensive Income
6 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Foreign currency translation, tax expense (benefit) |
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
|
$-1.60M | USD | 1 Quarter |
| Foreign currency translation, tax expense (benefit) |
OtherComprehensiveIncomeForeignCurrencyTranslationGainLossArisingDuringPeriodTax
|
$1.70M | USD | 1 Quarter |
| Adjustments to pension and postretirement liability, tax expense |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
$300.00K | USD | 1 Quarter |
| Adjustments to pension and postretirement liability, tax expense |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
|
$500.00K | USD | 1 Quarter |
| Dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.05 | USD | 1 Quarter |
| Dividends declared per share |
CommonStockDividendsPerShareDeclared
|
$0.05 | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.