10-Q Filing

AMETEK INC/ CIK: 1037868 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001193125-19-211704`
Period End Date	20190630
Filing Date	20190802
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	d754327d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 60 Cash Flow Statement 51 Stockholders Equity 20 Comprehensive Income 4

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$567.91M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$353.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$557.69M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$646.30M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$732.84M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$757.52M	USD	Point-in-time
Inventories, net	`InventoryNet`	$634.14M	USD	Point-in-time
Inventories, net	`InventoryNet`	$624.74M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$167.58M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$124.59M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.84B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.13B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$554.13M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$538.26M	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$182.90M	USD	Point-in-time
Goodwill	`Goodwill`	$3.61B	USD	Point-in-time
Goodwill	`Goodwill`	$3.61B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.34B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.40B	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$269.60M	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$256.21M	USD	Point-in-time
Total assets	`Assets`	$9.07B	USD	Point-in-time
Total assets	`Assets`	$8.66B	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`	$98.36M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$399.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$390.44M	USD	Point-in-time
Customer advanced payments	`ContractWithCustomerLiabilityCurrent`	$140.63M	USD	Point-in-time
Customer advanced payments	`ContractWithCustomerLiabilityCurrent`	$137.23M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$33.03M	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`	$316.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$978.56M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.26B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.27B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.37B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$528.34M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$544.22M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$359.49M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$511.36M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.42B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.40B	USD	Point-in-time
Common stock	`CommonStockValue`	$2.64M	USD	Point-in-time
Common stock	`CommonStockValue`	$2.65M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$706.74M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$759.77M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.01B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.65B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-551.09M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-535.83M	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`	$4.67B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.24B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.34B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.07B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.66B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$2.38B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$2.58B	USD	2 Qtrs
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.29B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.21B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$838.15M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$791.25M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$1.69B	USD	2 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$1.57B	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$155.85M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$285.28M	USD	2 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$147.60M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$308.97M	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$1.85B	USD	2 Qtrs
Total operating expenses	`CostsAndExpenses`	$994.00M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$938.85M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.00B	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$578.67M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$270.09M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$528.25M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$295.41M	USD	1 Quarter
Interest expense	`InterestExpense`	$21.48M	USD	1 Quarter
Interest expense	`InterestExpense`	$42.47M	USD	2 Qtrs
Interest expense	`InterestExpense`	$20.78M	USD	1 Quarter
Interest expense	`InterestExpense`	$44.13M	USD	2 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-1.74M	USD	2 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-3.34M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-7.00M	USD	2 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-1.08M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$248.22M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$527.54M	USD	2 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$270.60M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$484.05M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$54.36M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$107.77M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$55.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$108.84M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$193.86M	USD	1 Quarter
Net income	`NetIncomeLoss`	$215.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$419.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$375.20M	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.95	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.62	USD	2 Qtrs
Basic earnings per share	`EarningsPerShareBasic`	$0.84	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$1.85	USD	2 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$1.83	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`	$0.94	USD	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	227.58M	shares	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	227.22M	shares	2 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	231.25M	shares	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	231.09M	shares	2 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	233.13M	shares	2 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	229.33M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	233.30M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	229.01M	shares	2 Qtrs
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.28	USD	2 Qtrs
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.28	USD	2 Qtrs
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 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$375.20M	USD	2 Qtrs
Net income	`ProfitLoss`	$419.77M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$114.67M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$97.78M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$7.35M	USD	2 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-5.73M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$15.45M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$12.96M	USD	2 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$7.38M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$8.32M	USD	1 Quarter
Gain on sale of facilities	`GainLossOnSaleOfFacilities`	$735.00K	USD	2 Qtrs
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$110.69M	USD	2 Qtrs
Net change in assets and liabilities, net of acquisitions	`IncreaseDecreaseInOperatingCapital`	$99.53M	USD	2 Qtrs
Pension contributions	`PensionContributions`	$1.40M	USD	2 Qtrs
Pension contributions	`PensionContributions`	$1.53M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$1.70M	USD	2 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-1.27M	USD	2 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivities`	$442.58M	USD	2 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivities`	$380.54M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$28.57M	USD	2 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$43.28M	USD	2 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$374.64M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-3.67M	USD	2 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.48M	USD	2 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-39.61M	USD	2 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-401.73M	USD	2 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-44.00K	USD	2 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-260.80M	USD	2 Qtrs
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$100.00M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$4.01M	USD	2 Qtrs
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$6.32M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$64.65M	USD	2 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$63.62M	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$45.83M	USD	2 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$18.26M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.11M	USD	2 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-6.61M	USD	2 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-55.55M	USD	2 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-191.52M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-11.87M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$2.49M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-88.61M	USD	2 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$213.94M	USD	2 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$567.91M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$353.98M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$557.69M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$646.30M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$567.91M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$353.98M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$557.69M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$646.30M	USD	Point-in-time

Stockholders Equity 20 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$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`	$13.97M	USD	1 Quarter
Tax benefit (expense) from investment hedge instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$220.00K	USD	1 Quarter
Tax benefit (expense) from investment hedge instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$1.35M	USD	2 Qtrs
Tax benefit (expense) from investment hedge instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$6.62M	USD	2 Qtrs
Tax related to amortization of net actuarial loss (gain)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$873.00K	USD	1 Quarter
Tax related to amortization of net actuarial loss (gain)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$1.44M	USD	2 Qtrs
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`	$1.75M	USD	2 Qtrs
Balance at the beginning of the year	`StockholdersEquity`	$4.67B	USD	Point-in-time
Balance at the beginning of the year	`StockholdersEquity`	$4.24B	USD	Point-in-time
Balance at the beginning of the year	`StockholdersEquity`	$4.34B	USD	Point-in-time
Net income	`NetIncomeLoss`	$193.86M	USD	1 Quarter
Net income	`NetIncomeLoss`	$215.50M	USD	1 Quarter
Net income	`NetIncomeLoss`	$419.77M	USD	2 Qtrs
Net income	`NetIncomeLoss`	$375.20M	USD	2 Qtrs
Balance at the end of the year	`StockholdersEquity`	$4.67B	USD	Point-in-time
Balance at the end of the year	`StockholdersEquity`	$4.24B	USD	Point-in-time
Balance at the end of the year	`StockholdersEquity`	$4.34B	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$154.54M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$350.30M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$435.03M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$219.75M	USD	1 Quarter

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