10-Q Filing

AMETEK INC/ CIK: 1037868 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001193125-19-134763`
Period End Date	20190331
Filing Date	20190502
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	ame-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 30 Cash Flow Statement 48 Stockholders Equity 16 Comprehensive Income 2

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$646.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$556.78M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$368.06M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$353.98M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$763.16M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$732.84M	USD	Point-in-time
Inventories, net	`InventoryNet`	$624.74M	USD	Point-in-time
Inventories, net	`InventoryNet`	$640.58M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$124.59M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$152.84M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.92B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.84B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$542.68M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$554.13M	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$182.18M	USD	Point-in-time
Goodwill	`Goodwill`	$3.61B	USD	Point-in-time
Goodwill	`Goodwill`	$3.61B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.40B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.37B	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$256.21M	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$262.16M	USD	Point-in-time
Total assets	`Assets`	$8.66B	USD	Point-in-time
Total assets	`Assets`	$8.89B	USD	Point-in-time
Short-term borrowings and current portion of long-term debt, net	`DebtCurrent`	$358.88M	USD	Point-in-time
Short-term borrowings and current portion of long-term debt, net	`DebtCurrent`	$104.16M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$405.65M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$399.57M	USD	Point-in-time
Customer advanced payments	`ContractWithCustomerLiabilityCurrent`	$137.23M	USD	Point-in-time
Customer advanced payments	`ContractWithCustomerLiabilityCurrent`	$136.36M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$39.94M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$48.60M	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesCurrent`	$314.43M	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesCurrent`	$321.12M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.26B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.01B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.37B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.27B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$528.34M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$545.86M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$513.58M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$359.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.43B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.42B	USD	Point-in-time
Common stock	`CommonStockValue`	$2.65M	USD	Point-in-time
Common stock	`CommonStockValue`	$2.64M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$706.74M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$738.17M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.65B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.83B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-551.09M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-540.08M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.57B	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.57B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.20B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.46B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.24B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.66B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.89B	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.29B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.17B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$851.31M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$776.80M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$153.12M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$137.68M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$1.00B	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$914.48M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$258.17M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$283.26M	USD	1 Quarter
Interest expense	`InterestExpense`	$22.65M	USD	1 Quarter
Interest expense	`InterestExpense`	$21.69M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.67M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-658.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$256.94M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$235.82M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$54.48M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$52.67M	USD	1 Quarter
Net income	`NetIncomeLoss`	$204.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$181.34M	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.79	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$0.90	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.89	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$0.78	USD	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	230.93M	shares	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	226.86M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	232.97M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	228.69M	shares	1 Quarter
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.14	USD	1 Quarter

Cash Flow Statement 48 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$181.34M	USD	1 Quarter
Net income	`ProfitLoss`	$204.27M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$48.83M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$57.50M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$6.76M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$12.74M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$7.12M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$5.57M	USD	1 Quarter
Gain on sale of facilities	`GainLossOnSaleOfFacilities`	$735.00K	USD	1 Quarter
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$84.17M	USD	1 Quarter
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$62.19M	USD	1 Quarter
Pension contributions	`PensionContributions`	$698.00K	USD	1 Quarter
Pension contributions	`PensionContributions`	$715.00K	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$2.22M	USD	1 Quarter
Other, net	`OtherNoncashIncomeExpense`	$-246.00K	USD	1 Quarter
Total operating activities	`NetCashProvidedByUsedInOperatingActivities`	$177.40M	USD	1 Quarter
Total operating activities	`NetCashProvidedByUsedInOperatingActivities`	$196.26M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.42M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.27M	USD	1 Quarter
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$242.08M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.67M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-777.00K	USD	1 Quarter
Total investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-17.75M	USD	1 Quarter
Total investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-253.57M	USD	1 Quarter
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-256.29M	USD	1 Quarter
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$100.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$118.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$137.00K	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$31.77M	USD	1 Quarter
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$32.30M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$9.59M	USD	1 Quarter
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$24.93M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.60M	USD	1 Quarter
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.23M	USD	1 Quarter
Total financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-27.05M	USD	1 Quarter
Total financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-165.87M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.45M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$13.70M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-89.52M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$14.09M	USD	1 Quarter
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$646.30M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$556.78M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$368.06M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$353.98M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$646.30M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$556.78M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$368.06M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$353.98M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Tax benefit (expense) from investment hedge instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$-1.13M	USD	1 Quarter
Tax benefit (expense) from investment hedge instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$7.34M	USD	1 Quarter
Tax related to amortization of net actuarial loss (gain)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$719.00K	USD	1 Quarter
Tax related to amortization of net actuarial loss (gain)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$873.00K	USD	1 Quarter
Balance at the beginning of the year	`StockholdersEquity`	$4.20B	USD	Point-in-time
Balance at the beginning of the year	`StockholdersEquity`	$4.46B	USD	Point-in-time
Balance at the beginning of the year	`StockholdersEquity`	$4.24B	USD	Point-in-time
Net income	`NetIncomeLoss`	$204.27M	USD	1 Quarter
Net income	`NetIncomeLoss`	$181.34M	USD	1 Quarter
Balance at the end of the year	`StockholdersEquity`	$4.20B	USD	Point-in-time
Balance at the end of the year	`StockholdersEquity`	$4.46B	USD	Point-in-time
Balance at the end of the year	`StockholdersEquity`	$4.24B	USD	Point-in-time

Comprehensive Income 2 line items

Line Item	Tag	Value	Unit	Period
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$195.76M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$215.28M	USD	1 Quarter

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