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10-Q Filing

MAGNERA CORP CIK: 41719 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001564590-17-008070
Period End Date 20170331
Filing Date 20170502
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance glt-20170331.xml
Filing Contents
Balance Sheet 62 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $105.30M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $70.26M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $55.44M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $57.23M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $152.99M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $165.42M USD Point-in-time
Inventories InventoryNet $260.74M USD Point-in-time
Inventories InventoryNet $249.67M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $36.16M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $33.26M USD Point-in-time
Total current assets AssetsCurrent $516.65M USD Point-in-time
Total current assets AssetsCurrent $494.26M USD Point-in-time
Plant, equipment and timberlands, net PropertyPlantAndEquipmentNet $775.90M USD Point-in-time
Plant, equipment and timberlands, net PropertyPlantAndEquipmentNet $804.00M USD Point-in-time
Goodwill Goodwill $74.10M USD Point-in-time
Goodwill Goodwill $73.09M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $55.92M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $56.26M USD Point-in-time
Other assets OtherAssetsNoncurrent $121.75M USD Point-in-time
Other assets OtherAssetsNoncurrent $124.09M USD Point-in-time
Total assets Assets $1.52B USD Point-in-time
Total assets Assets $1.57B USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $8.96M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $9.42M USD Point-in-time
Accounts payable AccountsPayableCurrent $164.34M USD Point-in-time
Accounts payable AccountsPayableCurrent $172.29M USD Point-in-time
Dividends payable DividendsPayableCurrent $5.67M USD Point-in-time
Dividends payable DividendsPayableCurrent $5.46M USD Point-in-time
Environmental liabilities AccruedEnvironmentalLossContingenciesCurrent $25.00M USD Point-in-time
Environmental liabilities AccruedEnvironmentalLossContingenciesCurrent $25.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $119.25M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $108.45M USD Point-in-time
Total current liabilities LiabilitiesCurrent $320.83M USD Point-in-time
Total current liabilities LiabilitiesCurrent $323.01M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $363.65M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $400.47M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $54.99M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $57.83M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $126.84M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $125.78M USD Point-in-time
Total liabilities Liabilities $867.43M USD Point-in-time
Total liabilities Liabilities $905.98M USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies CommitmentsAndContingencies - USD Point-in-time
Common stock CommonStockValue $544.00K USD Point-in-time
Common stock CommonStockValue $544.00K USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $57.92M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $59.62M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $968.81M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $962.88M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-190.49M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-197.41M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-204.61M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-174.74M USD Point-in-time
Shareholders' equity before treasury stock StockholdersEquityBeforeTreasuryStock $816.74M USD Point-in-time
Shareholders' equity before treasury stock StockholdersEquityBeforeTreasuryStock $831.57M USD Point-in-time
Less cost of common stock in treasury TreasuryStockValue $162.78M USD Point-in-time
Less cost of common stock in treasury TreasuryStockValue $162.91M USD Point-in-time
Total shareholders equity StockholdersEquity $668.79M USD Point-in-time
Total shareholders equity StockholdersEquity $653.83M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $1.57B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $1.52B USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueGoodsNet $390.71M USD 1 Quarter
Net sales SalesRevenueGoodsNet $402.22M USD 1 Quarter
Energy and related sales, net EnergyAndRelatedSalesNet $666.00K USD 1 Quarter
Energy and related sales, net EnergyAndRelatedSalesNet $1.13M USD 1 Quarter
Total revenues SalesRevenueNet $402.88M USD 1 Quarter
Total revenues SalesRevenueNet $391.84M USD 1 Quarter
Costs of products sold CostOfGoodsSold $345.04M USD 1 Quarter
Costs of products sold CostOfGoodsSold $334.91M USD 1 Quarter
Gross profit GrossProfit $56.93M USD 1 Quarter
Gross profit GrossProfit $57.84M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $35.09M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $31.86M USD 1 Quarter
Losses on dispositions of plant, equipment and timberlands, net GainLossOnSaleOfPropertyPlantEquipment $-24.00K USD 1 Quarter
Losses on dispositions of plant, equipment and timberlands, net GainLossOnSaleOfPropertyPlantEquipment $-32.00K USD 1 Quarter
Operating income OperatingIncomeLoss $21.81M USD 1 Quarter
Operating income OperatingIncomeLoss $25.96M USD 1 Quarter
Interest expense InterestExpense $4.01M USD 1 Quarter
Interest expense InterestExpense $4.12M USD 1 Quarter
Interest income InvestmentIncomeInterest $91.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $113.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-279.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $-700.00K USD 1 Quarter
Total non-operating expense NonoperatingIncomeExpense $-4.72M USD 1 Quarter
Total non-operating expense NonoperatingIncomeExpense $-4.17M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $17.64M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $21.24M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $5.07M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $6.03M USD 1 Quarter
Net income NetIncomeLoss $11.60M USD 1 Quarter
Net income NetIncomeLoss $16.17M USD 1 Quarter
Basic EarningsPerShareBasic $0.27 USD 1 Quarter
Basic EarningsPerShareBasic $0.37 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.26 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.37 USD 1 Quarter
Cash dividends declared per common share CommonStockDividendsPerShareDeclared $0.13 USD 1 Quarter
Cash dividends declared per common share CommonStockDividendsPerShareDeclared $0.12 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 43.52M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 43.58M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 43.87M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 44.49M shares 1 Quarter
Cash Flow Statement 61 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $11.60M USD 1 Quarter
Net income NetIncomeLoss $16.17M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $16.65M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $17.28M USD 1 Quarter
Amortization of debt issue costs AmortizationOfFinancingCostsAndDiscounts $289.00K USD 1 Quarter
Amortization of debt issue costs AmortizationOfFinancingCostsAndDiscounts $290.00K USD 1 Quarter
Pension expense, net of unfunded benefits paid NoncashPensionExpenseNetOfUnfundedBenefits $928.00K USD 1 Quarter
Pension expense, net of unfunded benefits paid NoncashPensionExpenseNetOfUnfundedBenefits $767.00K USD 1 Quarter
Deferred income tax benefit DeferredIncomeTaxExpenseBenefit $2.44M USD 1 Quarter
Deferred income tax benefit DeferredIncomeTaxExpenseBenefit $1.70M USD 1 Quarter
Losses on dispositions of plant, equipment and timberlands, net GainLossOnSaleOfPropertyPlantEquipment $-24.00K USD 1 Quarter
Losses on dispositions of plant, equipment and timberlands, net GainLossOnSaleOfPropertyPlantEquipment $-32.00K USD 1 Quarter
Share-based compensation ShareBasedCompensation $1.65M USD 1 Quarter
Share-based compensation ShareBasedCompensation $1.22M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-2.38M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $11.46M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $9.91M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $5.89M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.98M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-1.67M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $2.90M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-15.76M USD 1 Quarter
Accruals and other current liabilities IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities $-4.90M USD 1 Quarter
Accruals and other current liabilities IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities $-8.87M USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $255.00K USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $-41.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $7.56M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $11.44M USD 1 Quarter
Expenditures for purchases of plant, equipment and timberlands PaymentsToAcquirePropertyPlantAndEquipment $36.78M USD 1 Quarter
Expenditures for purchases of plant, equipment and timberlands PaymentsToAcquirePropertyPlantAndEquipment $43.29M USD 1 Quarter
Proceeds from disposals of plant, equipment and timberlands, net ProceedsFromSaleOfPropertyPlantAndEquipment $33.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $300.00K USD 1 Quarter
Net cash used by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-43.56M USD 1 Quarter
Net cash used by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-36.78M USD 1 Quarter
Net borrowings under revolving credit facility ProceedsFromRepaymentsOfLinesOfCredit $38.24M USD 1 Quarter
Payments of borrowing costs PaymentsOfDebtIssuanceCosts $51.00K USD 1 Quarter
Repayment of term loans RepaymentsOfLongTermDebt $2.19M USD 1 Quarter
Repayment of term loans RepaymentsOfLongTermDebt $1.93M USD 1 Quarter
Payments of dividends PaymentsOfDividendsCommonStock $5.46M USD 1 Quarter
Payments of dividends PaymentsOfDividendsCommonStock $5.23M USD 1 Quarter
Proceeds from government grants ProceedsFromGovernmentGrants $3.86M USD 1 Quarter
Payments related to share-based compensation awards and other ProceedsFromPaymentsForShareBasedCompensationAndOther $-112.00K USD 1 Quarter
Payments related to share-based compensation awards and other ProceedsFromPaymentsForShareBasedCompensationAndOther $-751.00K USD 1 Quarter
Net cash provided (used) by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-4.10M USD 1 Quarter
Net cash provided (used) by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $30.48M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $1.18M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $526.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-35.04M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $1.78M USD 1 Quarter
Cash and cash equivalents at the beginning of period CashAndCashEquivalentsAtCarryingValue $105.30M USD Point-in-time
Cash and cash equivalents at the beginning of period CashAndCashEquivalentsAtCarryingValue $70.26M USD Point-in-time
Cash and cash equivalents at the beginning of period CashAndCashEquivalentsAtCarryingValue $55.44M USD Point-in-time
Cash and cash equivalents at the beginning of period CashAndCashEquivalentsAtCarryingValue $57.23M USD Point-in-time
Cash and cash equivalents at the end of period CashAndCashEquivalentsAtCarryingValue $105.30M USD Point-in-time
Cash and cash equivalents at the end of period CashAndCashEquivalentsAtCarryingValue $70.26M USD Point-in-time
Cash and cash equivalents at the end of period CashAndCashEquivalentsAtCarryingValue $55.44M USD Point-in-time
Cash and cash equivalents at the end of period CashAndCashEquivalentsAtCarryingValue $57.23M USD Point-in-time
Interest, net of amounts capitalized InterestPaidNet $474.00K USD 1 Quarter
Interest, net of amounts capitalized InterestPaidNet $293.00K USD 1 Quarter
Income taxes, net IncomeTaxesPaidNet $2.19M USD 1 Quarter
Income taxes, net IncomeTaxesPaidNet $5.19M USD 1 Quarter
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $11.60M USD 1 Quarter
Net income NetIncomeLoss $16.17M USD 1 Quarter
Taxes on deferred (gains) losses on cash flow hedges OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $-57.00K USD 1 Quarter
Taxes on deferred (gains) losses on cash flow hedges OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $-288.00K USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $13.42M USD 1 Quarter
Taxes on unrecognized retirement obligations OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent $-1.25M USD 1 Quarter
Taxes on unrecognized retirement obligations OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent $-1.37M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $6.07M USD 1 Quarter
Deferred (gains) losses on cash flow hedges, net of taxes of $288 and $57, respectively OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-946.00K USD 1 Quarter
Deferred (gains) losses on cash flow hedges, net of taxes of $288 and $57, respectively OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $66.00K USD 1 Quarter
Unrecognized retirement obligations, net of taxes of $(1,248) and $(1,367), respectively OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-2.26M USD 1 Quarter
Unrecognized retirement obligations, net of taxes of $(1,248) and $(1,367), respectively OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-2.07M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $7.19M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $15.74M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $31.91M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $18.80M USD 1 Quarter

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

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