10-Q Filing

AMETEK INC/ CIK: 1037868 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001193125-18-236366`
Period End Date	20180630
Filing Date	20180802
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	ame-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 60 Cash Flow Statement 51 Comprehensive Income 4

Balance Sheet 56 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$717.26M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$646.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$557.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$516.48M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$668.18M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$710.96M	USD	Point-in-time
Inventories, net	`InventoryNet`	$540.50M	USD	Point-in-time
Inventories, net	`InventoryNet`	$614.39M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$135.09M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$79.67M	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`	$490.13M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$493.30M	USD	Point-in-time
Goodwill	`Goodwill`	$3.12B	USD	Point-in-time
Goodwill	`Goodwill`	$3.25B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.15B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.01B	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$239.13M	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$244.85M	USD	Point-in-time
Total assets	`Assets`	$7.80B	USD	Point-in-time
Total assets	`Assets`	$8.15B	USD	Point-in-time
Short-term borrowings and current portion of long-term debt, net	`DebtCurrent`	$307.66M	USD	Point-in-time
Short-term borrowings and current portion of long-term debt, net	`DebtCurrent`	$308.12M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$394.28M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$437.33M	USD	Point-in-time
Customer advanced payments	`CustomerAdvancesCurrent`	$114.00M	USD	Point-in-time
Customer advanced payments	`CustomerAdvancesCurrent`	$136.94M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$34.66M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$35.57M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$358.55M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$308.06M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.18B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.87B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.84B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$557.70M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$512.53M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$251.08M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$235.91M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.81B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.77B	USD	Point-in-time
Common stock	`CommonStockValue`	$2.63M	USD	Point-in-time
Common stock	`CommonStockValue`	$2.64M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$680.86M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$660.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.00B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.32B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-454.08M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-429.18M	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`	$4.34B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.03B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.80B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.15B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$2.07B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.06B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.21B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$2.38B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.57B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$702.19M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.37B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$791.25M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$255.70M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$132.86M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$285.28M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$147.60M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$835.05M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.63B	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.85B	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$938.85M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$229.55M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$528.25M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$447.00M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$270.09M	USD	1 Quarter
Interest expense	`InterestExpense`	$49.07M	USD	2 Qtrs
Interest expense	`InterestExpense`	$42.47M	USD	2 Qtrs
Interest expense	`InterestExpense`	$24.55M	USD	1 Quarter
Interest expense	`InterestExpense`	$20.78M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-1.08M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-1.64M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-1.74M	USD	2 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.15M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$484.05M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$248.22M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$394.78M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$203.35M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$54.36M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$52.87M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$108.84M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$105.37M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$150.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$289.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$375.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$193.86M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.62	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.65	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.84	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.26	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.25	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.83	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.61	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.65	USD	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	229.85M	shares	2 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	231.25M	shares	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	231.09M	shares	2 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	230.16M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	231.30M	shares	2 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	233.30M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	233.13M	shares	2 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	231.59M	shares	1 Quarter
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.28	USD	2 Qtrs
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.18	USD	2 Qtrs
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.09	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$150.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$289.41M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$375.20M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$193.86M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$97.78M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$86.38M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-5.73M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-634.00K	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$7.38M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$8.79M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$14.11M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$12.96M	USD	2 Qtrs
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$99.53M	USD	2 Qtrs
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$-3.40M	USD	2 Qtrs
Pension contributions	`PensionContributions`	$51.72M	USD	2 Qtrs
Pension contributions	`PensionContributions`	$1.40M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-1.27M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-450.00K	USD	2 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivities`	$341.41M	USD	2 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivities`	$380.54M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$27.66M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.57M	USD	2 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$374.64M	USD	2 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$518.63M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$399.00K	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.48M	USD	2 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-546.70M	USD	2 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-401.73M	USD	2 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-6.82M	USD	2 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-44.00K	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$5.47M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.01M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$64.65M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$41.30M	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$30.40M	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$18.26M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.11M	USD	2 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.19M	USD	2 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-55.55M	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`	$-11.87M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-200.78M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-88.61M	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$717.26M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$646.30M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$557.69M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$516.48M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$717.26M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$646.30M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$557.69M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$516.48M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$337.50M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$154.54M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$188.32M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$350.30M	USD	2 Qtrs

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