10-Q Filing

AMETEK INC/ CIK: 1037868 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001193125-19-281864`
Period End Date	20190930
Filing Date	20191101
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	d794161d10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 60 Cash Flow Statement 55 Stockholders Equity 20 Comprehensive Income 4

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$353.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$518.72M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$735.38M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$646.30M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$761.96M	USD	Point-in-time
Receivables, net	`ReceivablesNetCurrent`	$732.84M	USD	Point-in-time
Inventories, net	`InventoryNet`	$623.67M	USD	Point-in-time
Inventories, net	`InventoryNet`	$624.74M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$151.17M	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`	$2.27B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$554.13M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$537.16M	USD	Point-in-time
Right of use assets, net	`OperatingLeaseRightOfUseAsset`	$174.44M	USD	Point-in-time
Goodwill	`Goodwill`	$3.67B	USD	Point-in-time
Goodwill	`Goodwill`	$3.61B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.31B	USD	Point-in-time
Other intangibles, net	`IntangibleAssetsNetExcludingGoodwill`	$2.40B	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$256.21M	USD	Point-in-time
Investments and other assets	`InvestmentsAndOtherNoncurrentAssets`	$257.33M	USD	Point-in-time
Total assets	`Assets`	$9.22B	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`	$199.53M	USD	Point-in-time
Short-term borrowings and current portion of long-term debt, net	`DebtCurrent`	$358.88M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$399.57M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$381.94M	USD	Point-in-time
Customer advanced payments	`ContractWithCustomerLiabilityCurrent`	$137.23M	USD	Point-in-time
Customer advanced payments	`ContractWithCustomerLiabilityCurrent`	$144.18M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$48.60M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$41.90M	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesCurrent`	$342.96M	USD	Point-in-time
Accrued liabilities and other	`AccruedLiabilitiesCurrent`	$314.43M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.26B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.11B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.23B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$2.27B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$549.18M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$528.34M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$464.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$359.49M	USD	Point-in-time
Total liabilities	`Liabilities`	$4.42B	USD	Point-in-time
Total liabilities	`Liabilities`	$4.35B	USD	Point-in-time
Common stock	`CommonStockValue`	$2.66M	USD	Point-in-time
Common stock	`CommonStockValue`	$2.64M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$792.68M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$706.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$6.20B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$5.65B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-558.47M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-551.09M	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`	$4.51B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.24B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$4.87B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$8.66B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$9.22B	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.19B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.57B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$3.85B	USD	3 Qtrs
Net sales	`RevenueFromContractWithCustomerIncludingAssessedTax`	$1.28B	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.35B	USD	3 Qtrs
Cost of sales	`CostOfGoodsAndServicesSold`	$782.99M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$823.26M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$2.51B	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$152.31M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$461.29M	USD	3 Qtrs
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$144.70M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$429.98M	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$2.78B	USD	3 Qtrs
Total operating expenses	`CostsAndExpenses`	$927.70M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$975.58M	USD	1 Quarter
Total operating expenses	`CostsAndExpenses`	$2.97B	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$879.73M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$265.27M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$301.06M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$793.52M	USD	3 Qtrs
Interest expense	`InterestExpense`	$21.31M	USD	1 Quarter
Interest expense	`InterestExpense`	$19.39M	USD	1 Quarter
Interest expense	`InterestExpense`	$65.44M	USD	3 Qtrs
Interest expense	`InterestExpense`	$61.86M	USD	3 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-12.52M	USD	3 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-2.68M	USD	3 Qtrs
Other expense, net	`OtherNonoperatingIncomeExpense`	$-5.52M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-945.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$728.98M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$274.23M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$801.77M	USD	3 Qtrs
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$244.93M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$162.56M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$53.48M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$53.72M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$161.25M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$220.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$191.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$640.52M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$566.41M	USD	3 Qtrs
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`	$0.97	USD	1 Quarter
Basic earnings per share	`EarningsPerShareBasic`	$2.82	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$2.43	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.96	USD	1 Quarter
Diluted earnings per share	`EarningsPerShareDiluted`	$2.79	USD	3 Qtrs
Diluted earnings per share	`EarningsPerShareDiluted`	$0.82	USD	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	231.23M	shares	3 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	227.49M	shares	3 Qtrs
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	228.04M	shares	1 Quarter
Basic shares	`WeightedAverageNumberOfSharesOutstandingBasic`	231.50M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	233.17M	shares	3 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	233.25M	shares	1 Quarter
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	229.19M	shares	3 Qtrs
Diluted shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	229.56M	shares	1 Quarter
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.42	USD	3 Qtrs
Dividends declared and paid per share	`CommonStockDividendsPerShareCashPaid`	$0.42	USD	3 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 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$640.52M	USD	3 Qtrs
Net income	`ProfitLoss`	$566.41M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$145.91M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$169.94M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$-5.57M	USD	3 Qtrs
Deferred income taxes	`DeferredIncomeTaxesAndTaxCredits`	$13.40M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$29.00M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$20.10M	USD	3 Qtrs
Share-based compensation expense	`ShareBasedCompensation`	$7.14M	USD	1 Quarter
Share-based compensation expense	`ShareBasedCompensation`	$13.56M	USD	1 Quarter
Gain on sale of facilities	`GainLossOnSaleOfFacilities`	$4.53M	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`	$82.60M	USD	3 Qtrs
Pension contributions	`PensionContributions`	$2.50M	USD	3 Qtrs
Pension contributions	`PensionContributions`	$2.19M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$5.42M	USD	3 Qtrs
Other, net	`OtherNoncashIncomeExpense`	$-9.00M	USD	3 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivities`	$772.21M	USD	3 Qtrs
Total operating activities	`NetCashProvidedByUsedInOperatingActivities`	$629.36M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$47.49M	USD	3 Qtrs
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$61.52M	USD	3 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$376.25M	USD	3 Qtrs
Purchases of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$122.15M	USD	3 Qtrs
Proceeds from sale of facilities	`ProceedsFromSaleOfFacilities`	$8.26M	USD	3 Qtrs
Proceeds from sale of facilities	`ProceedsFromSaleOfFacilities`	$717.00K	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.06M	USD	3 Qtrs
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.23M	USD	3 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-424.25M	USD	3 Qtrs
Total investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-173.35M	USD	3 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$921.00K	USD	3 Qtrs
Net change in short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-258.21M	USD	3 Qtrs
Proceeds from long-term borrowings	`ProceedsFromIssuanceOfLongTermDebt`	$100.00M	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`	$6.61M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$95.50M	USD	3 Qtrs
Cash dividends paid	`PaymentsOfDividendsCommonStock`	$97.03M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$28.66M	USD	3 Qtrs
Proceeds from stock option exercises	`ProceedsFromStockOptionsExercised`	$59.65M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.75M	USD	3 Qtrs
Other, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-7.25M	USD	3 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-207.93M	USD	3 Qtrs
Total financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-317.23M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-9.54M	USD	3 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-15.45M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-127.58M	USD	3 Qtrs
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$381.40M	USD	3 Qtrs
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$353.98M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$518.72M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$735.38M	USD	Point-in-time
Beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$646.30M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$353.98M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$518.72M	USD	Point-in-time
End of period	`CashAndCashEquivalentsAtCarryingValue`	$735.38M	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`	$-11.09M	USD	3 Qtrs
Tax benefit (expense) from investment hedge instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$-8.27M	USD	3 Qtrs
Tax benefit (expense) from investment hedge instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$-9.74M	USD	1 Quarter
Tax benefit (expense) from investment hedge instruments	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax`	$-1.65M	USD	1 Quarter
Tax related to amortization of net actuarial loss (gain)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$-2.62M	USD	3 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`	$-873.00K	USD	1 Quarter
Tax related to amortization of net actuarial loss (gain)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$-2.16M	USD	3 Qtrs
Balance at the beginning of the year	`StockholdersEquity`	$4.51B	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`	$4.87B	USD	Point-in-time
Net income	`NetIncomeLoss`	$220.75M	USD	1 Quarter
Net income	`NetIncomeLoss`	$191.21M	USD	1 Quarter
Net income	`NetIncomeLoss`	$640.52M	USD	3 Qtrs
Net income	`NetIncomeLoss`	$566.41M	USD	3 Qtrs
Balance at the end of the year	`StockholdersEquity`	$4.51B	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`	$4.87B	USD	Point-in-time

Comprehensive Income 4 line items

Line Item	Tag	Value	Unit	Period
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$539.38M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$189.09M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$198.10M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$633.13M	USD	3 Qtrs

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