10-Q Filing

AMETEK INC/ CIK: 1037868 Q3 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193125-16-758769`
Period End Date	20160930
Filing Date	20161103
Fiscal Year	2016
Fiscal Period	Q3
XBRL Instance	ame-20160930.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
Short-term borrowings and current portion of long-term debt, net	`DebtCurrent`	$613.68M	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`	$365.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$345.49M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$24.22M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$32.74M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$233.34M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$241.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.22B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.02B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$445.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$377.62M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$381.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$328.03M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$603.29M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$595.14M	USD	Point-in-time
Inventories, net	`InventoryNet`	$514.45M	USD	Point-in-time
Inventories, net	`InventoryNet`	$537.23M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$46.72M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$56.64M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$73.35M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$62.41M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.62B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.70B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$484.55M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$478.65M	USD	Point-in-time
Goodwill	`Goodwill`	$2.71B	USD	Point-in-time
Goodwill	`Goodwill`	$2.85B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$1.78B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$1.67B	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$175.13M	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$177.48M	USD	Point-in-time
Total assets	`Assets`	$6.66B	USD	Point-in-time
Total assets	`Assets`	$6.98B	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`	$596.57M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.32B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.97B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-266.89M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-312.52M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-349.21M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-429.86M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-405.63M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-423.31M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$885.43M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.11B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.37B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.25B	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`	$655.33M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$624.05M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$191.06M	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
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.66B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$6.98B	USD	Point-in-time

Income Statement 64 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$998.53M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$945.03M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$2.99B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$2.87B	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$201.12M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$237.62M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$698.89M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$628.67M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$211.61M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$174.25M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$623.54M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$547.85M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$144.80M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$43.56M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$55.21M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$169.52M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$156.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$403.05M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$454.02M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$130.69M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.73	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.89	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.65	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.65	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.72	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.87	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.27	USD	3 Qtrs
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.27	USD	3 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
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	241.24M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	234.58M	shares	3 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	232.72M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	242.55M	shares	3 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	233.39M	shares	3 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	240.80M	shares	3 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	239.96M	shares	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	231.89M	shares	1 Quarter
Cost of sales, excluding depreciation	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$1.90B	USD	3 Qtrs
Cost of sales, excluding depreciation	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$1.84B	USD	3 Qtrs
Cost of sales, excluding depreciation	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$631.79M	USD	1 Quarter
Cost of sales, excluding depreciation	`CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization`	$612.70M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$344.32M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$113.17M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$112.12M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$335.70M	USD	3 Qtrs
Depreciation	`Depreciation`	$17.01M	USD	1 Quarter
Depreciation	`Depreciation`	$18.04M	USD	1 Quarter
Depreciation	`Depreciation`	$54.49M	USD	3 Qtrs
Depreciation	`Depreciation`	$50.04M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$743.91M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.29B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$760.91M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.24B	USD	3 Qtrs
Interest expense	`InterestExpense`	$23.68M	USD	1 Quarter
Interest expense	`InterestExpense`	$69.05M	USD	3 Qtrs
Interest expense	`InterestExpense`	$23.61M	USD	1 Quarter
Interest expense	`InterestExpense`	$70.72M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-6.30M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-2.33M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-10.11M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-3.26M	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.29M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$40.50M	USD	3 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$356.47M	USD	3 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$359.98M	USD	3 Qtrs
Proceeds from sale of facility	`ProceedsFromSaleOfFacility`	$421.00K	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$558.00K	USD	3 Qtrs
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-500.00K	USD	3 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-399.97M	USD	3 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-401.90M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-19.71M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.69M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$64.46M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-49.58M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$156.40M	USD	1 Quarter
Net income	`NetIncomeLoss`	$403.05M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$454.02M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$130.69M	USD	1 Quarter
Total operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$509.52M	USD	3 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$473.14M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$110.03M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$122.97M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.64M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-5.20M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$5.36M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$5.60M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$16.39M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$17.68M	USD	3 Qtrs
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$27.43M	USD	3 Qtrs
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$51.57M	USD	3 Qtrs
Pension contribution	`PensionContributions`	$3.00M	USD	3 Qtrs
Pension contribution	`PensionContributions`	$52.35M	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-537.00K	USD	3 Qtrs
Other	`OtherNoncashIncomeExpense`	$-175.00K	USD	3 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$160.23M	USD	3 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$237.10M	USD	3 Qtrs
Additional long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$200.00M	USD	3 Qtrs
Reduction in long-term borrowings	`RepaymentsOfLongTermDebt`	$146.89M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$306.52M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$236.08M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$64.66M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$62.70M	USD	3 Qtrs
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$5.06M	USD	3 Qtrs
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$19.82M	USD	3 Qtrs
Proceeds from employee stock plans and other	`ProceedsFromEmployeeStockPlansAndOther`	$15.23M	USD	3 Qtrs
Proceeds from employee stock plans and other	`ProceedsFromEmployeeStockPlansAndOther`	$36.91M	USD	3 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-41.39M	USD	3 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-101.12M	USD	3 Qtrs
As of January 1	`CashAndCashEquivalentsAtCarryingValue`	$445.47M	USD	Point-in-time
As of January 1	`CashAndCashEquivalentsAtCarryingValue`	$377.62M	USD	Point-in-time
As of January 1	`CashAndCashEquivalentsAtCarryingValue`	$381.00M	USD	Point-in-time
As of January 1	`CashAndCashEquivalentsAtCarryingValue`	$328.03M	USD	Point-in-time
As of September 30	`CashAndCashEquivalentsAtCarryingValue`	$445.47M	USD	Point-in-time
As of September 30	`CashAndCashEquivalentsAtCarryingValue`	$377.62M	USD	Point-in-time
As of September 30	`CashAndCashEquivalentsAtCarryingValue`	$381.00M	USD	Point-in-time
As of September 30	`CashAndCashEquivalentsAtCarryingValue`	$328.03M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$371.70M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$124.14M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$378.82M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$119.70M	USD	1 Quarter

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