10-Q Filing

AMETEK INC/ CIK: 1037868 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-245574`
Period End Date	20170630
Filing Date	20170802
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	ame-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 60 Cash Flow Statement 51 Comprehensive Income 4

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$456.19M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$381.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$516.48M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$717.26M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$592.33M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$642.26M	USD	Point-in-time
Inventories, net	`InventoryNet`	$541.21M	USD	Point-in-time
Inventories, net	`InventoryNet`	$492.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$50.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$76.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$89.31M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.93B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.79B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$492.51M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$473.23M	USD	Point-in-time
Goodwill	`Goodwill`	$2.82B	USD	Point-in-time
Goodwill	`Goodwill`	$3.12B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$1.98B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$1.73B	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$155.04M	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$146.28M	USD	Point-in-time
Total assets	`Assets`	$7.54B	USD	Point-in-time
Total assets	`Assets`	$7.10B	USD	Point-in-time
Short-term borrowings and current portion of long-term debt, net	`DebtCurrent`	$278.92M	USD	Point-in-time
Short-term borrowings and current portion of long-term debt, net	`DebtCurrent`	$272.55M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$405.94M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$369.54M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$29.91M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$41.36M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$246.07M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$275.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$995.15M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$924.44M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.13B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.06B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$621.78M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$596.74M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$235.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$222.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.84B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.94B	USD	Point-in-time
Common stock	`CommonStockValue`	$2.63M	USD	Point-in-time
Common stock	`CommonStockValue`	$2.62M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$637.49M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$604.14M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.65B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.40B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-494.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-542.39M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.21B	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.21B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.26B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$3.59B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.10B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.54B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.92B	USD	2 Qtrs
Net sales	`SalesRevenueNet`	$977.71M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.06B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$2.07B	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$639.71M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$1.36B	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$1.26B	USD	2 Qtrs
Cost of sales	`CostOfGoodsSold`	$699.74M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$132.48M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$254.93M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$118.96M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$231.15M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$832.22M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$758.67M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.62B	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.49B	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$427.56M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$452.68M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$219.04M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$232.38M	USD	1 Quarter
Interest expense	`InterestExpense`	$49.07M	USD	2 Qtrs
Interest expense	`InterestExpense`	$24.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$23.71M	USD	1 Quarter
Interest expense	`InterestExpense`	$47.11M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-8.84M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-4.48M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-6.85M	USD	2 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-4.77M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$203.35M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$190.56M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$373.60M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$394.78M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$52.87M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$105.37M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$52.37M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$101.24M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$272.36M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$150.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$289.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$138.19M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.16	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.59	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.26	USD	2 Qtrs
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`	$0.59	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.25	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.16	USD	2 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	233.28M	shares	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	234.13M	shares	2 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	229.85M	shares	2 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	230.16M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	235.50M	shares	2 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	234.79M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	231.30M	shares	2 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	231.59M	shares	1 Quarter
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 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$272.36M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$150.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$289.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$138.19M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$86.38M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$80.94M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-634.00K	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$4.38M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$5.96M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$14.11M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$11.04M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$8.79M	USD	1 Quarter
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$-3.40M	USD	2 Qtrs
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$26.33M	USD	2 Qtrs
Pension contribution	`PensionContributions`	$51.72M	USD	2 Qtrs
Pension contribution	`PensionContributions`	$1.78M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$50.00K	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-450.00K	USD	2 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$341.41M	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`	$27.66M	USD	2 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$518.63M	USD	2 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$293.47M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-500.00K	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$399.00K	USD	2 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-318.22M	USD	2 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-546.70M	USD	2 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$221.90M	USD	2 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-6.82M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$135.29M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$5.47M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$41.96M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$41.30M	USD	2 Qtrs
Excess tax benefits from share-based payments	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$4.20M	USD	2 Qtrs
Proceeds from employee stock plans and other, net	`ProceedsFromEmployeeStockPlansAndOther`	$30.40M	USD	2 Qtrs
Proceeds from employee stock plans and other, net	`ProceedsFromEmployeeStockPlansAndOther`	$7.66M	USD	2 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$56.51M	USD	2 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-23.19M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$27.71M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.66M	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$75.19M	USD	2 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-200.78M	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$456.19M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$381.00M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$516.48M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$717.26M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$456.19M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$381.00M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$516.48M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$717.26M	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`	$337.50M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$254.69M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$188.32M	USD	1 Quarter

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