10-Q Filing

AMETEK INC/ CIK: 1037868 Q3 2018

Filing Information

Form Type	10-Q
Accession Number	`0001193125-18-316887`
Period End Date	20180930
Filing Date	20181102
Fiscal Year	2018
Fiscal Period	Q3
XBRL Instance	ame-20180930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 56 Income Statement 60 Cash Flow Statement 53 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`	$736.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$518.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$646.30M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$668.18M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$714.93M	USD	Point-in-time
Inventories, net	`InventoryNet`	$620.15M	USD	Point-in-time
Inventories, net	`InventoryNet`	$540.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$144.82M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$79.67M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.00B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.93B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$493.30M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$487.43M	USD	Point-in-time
Goodwill	`Goodwill`	$3.12B	USD	Point-in-time
Goodwill	`Goodwill`	$3.26B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.10B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.01B	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$256.79M	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$239.13M	USD	Point-in-time
Total assets	`Assets`	$8.11B	USD	Point-in-time
Total assets	`Assets`	$7.80B	USD	Point-in-time
Short-term borrowings and current portion of long-term debt, net	`DebtCurrent`	$68.72M	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`	$437.33M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$389.13M	USD	Point-in-time
Customer advanced payments	`CustomerAdvancesCurrent`	$137.09M	USD	Point-in-time
Customer advanced payments	`CustomerAdvancesCurrent`	$114.00M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$34.66M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$45.02M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$358.55M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$329.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.14B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$969.90M	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.83B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.87B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$554.04M	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`	$239.64M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.77B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.60B	USD	Point-in-time
Common stock	`CommonStockValue`	$2.64M	USD	Point-in-time
Common stock	`CommonStockValue`	$2.63M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$660.89M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$697.89M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.00B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.47B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-429.18M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-456.20M	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`	$4.51B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.03B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.11B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.80B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.57B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.08B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.19B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.16B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$2.35B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$2.09B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$782.99M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$722.13M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$144.70M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$388.33M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$132.63M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$429.98M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$854.76M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.48B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$2.78B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$927.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$793.52M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$677.03M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$230.04M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$265.27M	USD	1 Quarter
Interest expense	`InterestExpense`	$24.71M	USD	1 Quarter
Interest expense	`InterestExpense`	$73.78M	USD	3 Qtrs
Interest expense	`InterestExpense`	$19.39M	USD	1 Quarter
Interest expense	`InterestExpense`	$61.86M	USD	3 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-902.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-2.68M	USD	3 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-945.00K	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-4.05M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$599.20M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$244.93M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$728.98M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$204.43M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$50.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$156.27M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$162.56M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$53.72M	USD	1 Quarter
Net income	`NetIncomeLoss`	$153.53M	USD	1 Quarter
Net income	`NetIncomeLoss`	$566.41M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$442.94M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$191.21M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.83	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$2.45	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$1.93	USD	3 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.67	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$2.43	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.66	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$1.91	USD	3 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	230.05M	shares	3 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	231.50M	shares	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	230.44M	shares	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	231.23M	shares	3 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	233.25M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	231.62M	shares	3 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	233.17M	shares	3 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	232.25M	shares	1 Quarter
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter
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`	$0.42	USD	3 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$442.94M	USD	3 Qtrs
Net income	`ProfitLoss`	$566.41M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$145.91M	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`	$-5.57M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$5.58M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$19.69M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$20.10M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$7.14M	USD	1 Quarter
Gain on sale of facilities	`GainLossOnSaleOfFacilities`	$1.13M	USD	3 Qtrs
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$89.88M	USD	3 Qtrs
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$-19.22M	USD	3 Qtrs
Pension contributions	`PensionContributions`	$52.49M	USD	3 Qtrs
Pension contributions	`PensionContributions`	$2.19M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$5.42M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-675.00K	USD	3 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivities`	$629.36M	USD	3 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivities`	$580.39M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$45.63M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.49M	USD	3 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$518.63M	USD	3 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$376.25M	USD	3 Qtrs
Proceeds from sale of facilities	`ProceedsFromSaleOfFacilities`	$717.00K	USD	3 Qtrs
Proceeds from sale of facilities	`ProceedsFromSaleOfFacilities`	$2.24M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$400.00K	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.23M	USD	3 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-424.25M	USD	3 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-562.42M	USD	3 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-9.60M	USD	3 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$921.00K	USD	3 Qtrs
Repayments of long-term borrowings	`RepaymentsOfLongTermDebt`	$240.00M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.03M	USD	3 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$6.73M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$97.03M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$62.00M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$28.66M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$35.34M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.75M	USD	3 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-317.23M	USD	3 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-42.99M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-15.45M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$44.18M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$19.16M	USD	3 Qtrs
(Decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-127.58M	USD	3 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$717.26M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$736.41M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$518.72M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$646.30M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$717.26M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$736.41M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$518.72M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$646.30M	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$185.17M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$189.09M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$522.66M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$539.38M	USD	3 Qtrs

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