10-Q Filing

AMETEK INC/ CIK: 1037868 Q2 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193125-16-671811`
Period End Date	20160630
Filing Date	20160804
Fiscal Year	2016
Fiscal Period	Q2
XBRL Instance	ame-20160630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 64 Cash Flow Statement 55 Comprehensive Income 4

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$381.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$377.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$456.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$326.59M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$603.29M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$596.59M	USD	Point-in-time
Inventories, net	`InventoryNet`	$514.45M	USD	Point-in-time
Inventories, net	`InventoryNet`	$536.97M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$53.19M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$46.72M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$64.68M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$73.35M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.62B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.71B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$484.55M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$475.47M	USD	Point-in-time
Goodwill	`Goodwill`	$2.83B	USD	Point-in-time
Goodwill	`Goodwill`	$2.71B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$1.67B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$1.77B	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$177.48M	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$177.76M	USD	Point-in-time
Total assets	`Assets`	$6.66B	USD	Point-in-time
Total assets	`Assets`	$6.96B	USD	Point-in-time
Short-term borrowings and current portion of long-term debt, net	`DebtCurrent`	$599.33M	USD	Point-in-time
Short-term borrowings and current portion of long-term debt, net	`DebtCurrent`	$384.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$358.42M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$365.36M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$25.12M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$32.74M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$241.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$224.59M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.21B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.02B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.54B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.55B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$624.05M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$652.07M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$196.85M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$204.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.41B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.60B	USD	Point-in-time
Common stock	`CommonStockValue`	$2.61M	USD	Point-in-time
Common stock	`CommonStockValue`	$2.61M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$568.29M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$582.03M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.21B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.97B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-370.52M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-266.89M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-423.31M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-361.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-405.63M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-312.52M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$885.43M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.01B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.25B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.36B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.66B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.96B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.92B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$1.00B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.99B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$977.71M	USD	1 Quarter
Cost of sales, excluding depreciation	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$1.23B	USD	2 Qtrs
Cost of sales, excluding depreciation	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$1.27B	USD	2 Qtrs
Cost of sales, excluding depreciation	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$633.92M	USD	1 Quarter
Cost of sales, excluding depreciation	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$621.58M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$223.59M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$118.96M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$231.15M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$112.70M	USD	1 Quarter
Depreciation	`Depreciation`	$18.13M	USD	1 Quarter
Depreciation	`Depreciation`	$16.78M	USD	1 Quarter
Depreciation	`Depreciation`	$36.45M	USD	2 Qtrs
Depreciation	`Depreciation`	$33.04M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.49B	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$763.41M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$758.67M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.53B	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$240.32M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$461.27M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$427.56M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$219.04M	USD	1 Quarter
Interest expense	`InterestExpense`	$45.36M	USD	2 Qtrs
Interest expense	`InterestExpense`	$23.71M	USD	1 Quarter
Interest expense	`InterestExpense`	$22.68M	USD	1 Quarter
Interest expense	`InterestExpense`	$47.11M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-3.97M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-2.49M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-4.77M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-6.85M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$411.93M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$215.15M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$373.60M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$190.56M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$59.63M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$114.31M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$101.24M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$52.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$297.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$272.36M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$155.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$138.19M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.16	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.64	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.23	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.16	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.59	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.22	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.64	USD	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	241.50M	shares	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	241.22M	shares	2 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	233.28M	shares	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	234.13M	shares	2 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	243.21M	shares	2 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	234.79M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	243.62M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	235.50M	shares	2 Qtrs
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.09	USD	1 Quarter
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.09	USD	1 Quarter
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.18	USD	2 Qtrs
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.18	USD	2 Qtrs

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$297.62M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$272.36M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$155.51M	USD	1 Quarter
Net income	`NetIncomeLoss`	$138.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$72.32M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$80.94M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$4.38M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$3.15M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$11.04M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$12.08M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$5.96M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$7.22M	USD	1 Quarter
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$26.33M	USD	2 Qtrs
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$48.53M	USD	2 Qtrs
Pension contribution	`PensionContributions`	$51.56M	USD	2 Qtrs
Pension contribution	`PensionContributions`	$1.78M	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$-312.00K	USD	2 Qtrs
Other	`OtherNoncashIncomeExpense`	$50.00K	USD	2 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$285.39M	USD	2 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$340.56M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.25M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$25.99M	USD	2 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$293.47M	USD	2 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$198.81M	USD	2 Qtrs
Proceeds from sale of facility	`ProceedsFromSaleOfFacility`	$421.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$426.00K	USD	2 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-500.00K	USD	2 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-224.80M	USD	2 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-318.22M	USD	2 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$221.90M	USD	2 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-96.89M	USD	2 Qtrs
Additional long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$50.00M	USD	2 Qtrs
Reduction in long-term borrowings	`RepaymentsOfLongTermDebt`	$450.00K	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$135.29M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$57.23M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$41.96M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$43.34M	USD	2 Qtrs
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.20M	USD	2 Qtrs
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$18.72M	USD	2 Qtrs
Proceeds from employee stock plans and other	`ProceedsFromEmployeeStockPlansAndOther`	$30.99M	USD	2 Qtrs
Proceeds from employee stock plans and other	`ProceedsFromEmployeeStockPlansAndOther`	$7.66M	USD	2 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$56.51M	USD	2 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-98.20M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.66M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-13.41M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$75.19M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-51.03M	USD	2 Qtrs
As of January 1	`CashAndCashEquivalentsAtCarryingValue`	$381.00M	USD	Point-in-time
As of January 1	`CashAndCashEquivalentsAtCarryingValue`	$377.62M	USD	Point-in-time
As of January 1	`CashAndCashEquivalentsAtCarryingValue`	$456.19M	USD	Point-in-time
As of January 1	`CashAndCashEquivalentsAtCarryingValue`	$326.59M	USD	Point-in-time
As of June 30	`CashAndCashEquivalentsAtCarryingValue`	$381.00M	USD	Point-in-time
As of June 30	`CashAndCashEquivalentsAtCarryingValue`	$377.62M	USD	Point-in-time
As of June 30	`CashAndCashEquivalentsAtCarryingValue`	$456.19M	USD	Point-in-time
As of June 30	`CashAndCashEquivalentsAtCarryingValue`	$326.59M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$85.41M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$254.69M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$252.00M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$204.69M	USD	1 Quarter

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