10-Q Filing

AMETEK INC/ CIK: 1037868 Q3 2017

Filing Information

Form Type	10-Q
Accession Number	`0001193125-17-330793`
Period End Date	20170930
Filing Date	20171102
Fiscal Year	2017
Fiscal Period	Q3
XBRL Instance	ame-20170930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 60 Cash Flow Statement 53 Comprehensive Income 4

Balance Sheet 55 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$717.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$445.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$381.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$736.41M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$592.33M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$640.82M	USD	Point-in-time
Inventories, net	`InventoryNet`	$492.10M	USD	Point-in-time
Inventories, net	`InventoryNet`	$546.88M	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`	$100.38M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.02B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.93B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$494.97M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$473.23M	USD	Point-in-time
Goodwill	`Goodwill`	$3.14B	USD	Point-in-time
Goodwill	`Goodwill`	$2.82B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$1.97B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$1.73B	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$146.28M	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$159.13M	USD	Point-in-time
Total assets	`Assets`	$7.10B	USD	Point-in-time
Total assets	`Assets`	$7.78B	USD	Point-in-time
Short-term borrowings and current portion of long-term debt, net	`DebtCurrent`	$509.57M	USD	Point-in-time
Short-term borrowings and current portion of long-term debt, net	`DebtCurrent`	$278.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$409.36M	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`	$47.60M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$246.07M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$303.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.27B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$924.44M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.92B	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`	$608.97M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$235.30M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$216.96M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.02B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.84B	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`	$604.14M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$649.81M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.78B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.40B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-462.66M	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`	$3.77B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.10B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.78B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$3.16B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$1.08B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$2.87B	USD	3 Qtrs
Net sales	`SalesRevenueNet`	$945.03M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$2.08B	USD	3 Qtrs
Cost of sales	`CostOfGoodsSold`	$630.74M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$719.72M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$1.89B	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$132.25M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$113.17M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$387.18M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$344.32M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$851.97M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$743.91M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.47B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$2.24B	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$628.67M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$685.51M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$232.83M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$201.12M	USD	1 Quarter
Interest expense	`InterestExpense`	$73.78M	USD	3 Qtrs
Interest expense	`InterestExpense`	$23.61M	USD	1 Quarter
Interest expense	`InterestExpense`	$24.71M	USD	1 Quarter
Interest expense	`InterestExpense`	$70.72M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-3.69M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-10.11M	USD	3 Qtrs
Other, net	`OtherNonoperatingIncomeExpense`	$-3.26M	USD	1 Quarter
Other, net	`OtherNonoperatingIncomeExpense`	$-12.53M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$204.43M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$547.85M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$174.25M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$599.20M	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`	$156.27M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$50.90M	USD	1 Quarter
Net income	`NetIncomeLoss`	$442.94M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$403.05M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$153.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$130.69M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.73	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.93	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.56	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.72	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.91	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.56	USD	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	233.39M	shares	3 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	230.05M	shares	3 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	230.44M	shares	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	231.89M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	232.25M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	232.72M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	231.62M	shares	3 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	234.58M	shares	3 Qtrs
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.09	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

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$442.94M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$403.05M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$153.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$130.69M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$122.97M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$131.00M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$20.49M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-2.64M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$19.69M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$16.39M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$5.36M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$5.58M	USD	1 Quarter
Gain on sale of facility	`GainLossOnSaleOfFacilities`	$1.13M	USD	3 Qtrs
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$-19.22M	USD	3 Qtrs
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$27.43M	USD	3 Qtrs
Pension contribution	`PensionContributions`	$3.00M	USD	3 Qtrs
Pension contribution	`PensionContributions`	$52.49M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-675.00K	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-175.00K	USD	3 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$509.52M	USD	3 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$580.39M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$40.50M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.63M	USD	3 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$518.63M	USD	3 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$359.98M	USD	3 Qtrs
Proceeds from sale of facility	`ProceedsFromSaleOfFacilities`	$2.24M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-500.00K	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$400.00K	USD	3 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-399.97M	USD	3 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-562.42M	USD	3 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$237.10M	USD	3 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-9.60M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$6.73M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$236.08M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$62.00M	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
Proceeds from employee stock plans and other, net	`ProceedsFromEmployeeStockPlansAndOther`	$15.23M	USD	3 Qtrs
Proceeds from employee stock plans and other, net	`ProceedsFromEmployeeStockPlansAndOther`	$35.34M	USD	3 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-41.39M	USD	3 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-42.99M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.69M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$44.18M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.16M	USD	3 Qtrs
Increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$64.46M	USD	3 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$717.26M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$445.47M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$381.00M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$736.41M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$717.26M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$445.47M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$381.00M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$736.41M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$522.66M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$378.82M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$185.17M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$124.14M	USD	1 Quarter

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