10-Q Filing

REV GROUP, INC. CIK: 1687221 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-004737`
Period End Date	20180131
Filing Date	20180307
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	revg-20180131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 31 Cash Flow Statement 65 Stockholders Equity 13 Comprehensive Income 6

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	95.00M	shares	Point-in-time
Preferred stock, authorized shares	`PreferredStockSharesAuthorized`	95.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.74M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.14M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.84M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$10.82M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$224.16M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accounts receivables, net	`AccountsReceivableNetCurrent`	$243.24M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$452.38M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$486.72M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	605.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$14.08M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$13.37M	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	605.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	64.57M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$737.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$726.83M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	64.57M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	64.15M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$217.08M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$227.61M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	64.15M	shares	Point-in-time
Goodwill	`Goodwill`	$185.13M	USD	Point-in-time
Goodwill	`Goodwill`	$84.51M	USD	Point-in-time
Goodwill	`Goodwill`	$133.24M	USD	Point-in-time
Goodwill	`Goodwill`	$87.64M	USD	Point-in-time
Intangibles assets, net	`IntangibleAssetsNetExcludingGoodwill`	$164.74M	USD	Point-in-time
Intangibles assets, net	`IntangibleAssetsNetExcludingGoodwill`	$167.89M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$9.39M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$9.36M	USD	Point-in-time
Total assets	`Assets`	$1.32B	USD	Point-in-time
Total assets	`Assets`	$942.20M	USD	Point-in-time
Total assets	`Assets`	$1.25B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$750.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$750.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$144.31M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$217.27M	USD	Point-in-time
Customer advances	`CustomerAdvancesCurrent`	$107.84M	USD	Point-in-time
Customer advances	`CustomerAdvancesCurrent`	$95.77M	USD	Point-in-time
Accrued warranty	`StandardProductWarrantyAccrualCurrent`	$23.56M	USD	Point-in-time
Accrued warranty	`StandardProductWarrantyAccrualCurrent`	$26.05M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$70.24M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$59.94M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$336.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$410.08M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$371.53M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$229.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$15.47M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$22.53M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$19.58M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$20.28M	USD	Point-in-time
Total liabilities	`Liabilities`	$742.98M	USD	Point-in-time
Total liabilities	`Liabilities`	$681.99M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock ($.001 par value, 95,000,000 shares authorized, none issued or outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock ($.001 par value, 95,000,000 shares authorized, none issued or outstanding)	`PreferredStockValue`	-	USD	Point-in-time
Common Stock ($.001 par value, 605,000,000 shares authorized; 64,573,749 and 64,145,945 shares issued and outstanding, respectively)	`CommonStockValue`	$64.00K	USD	Point-in-time
Common Stock ($.001 par value, 605,000,000 shares authorized; 64,573,749 and 64,145,945 shares issued and outstanding, respectively)	`CommonStockValue`	$64.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$531.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$535.19M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$40.35M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$46.56M	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-252.00K	USD	Point-in-time
Accumulated other comprehensive (loss) income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$35.00K	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$581.56M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquity`	$572.44M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.32B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.25B	USD	Point-in-time

Income Statement 31 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$442.94M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$514.86M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$462.30M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$395.42M	USD	1 Quarter
Gross profit	`GrossProfit`	$52.55M	USD	1 Quarter
Gross profit	`GrossProfit`	$47.52M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$41.03M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$56.50M	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	$1.73M	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	$1.20M	USD	1 Quarter
Restructuring	`RestructuringCharges`	$864.00K	USD	1 Quarter
Restructuring	`RestructuringCharges`	$4.05M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$2.61M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$4.74M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$61.17M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$51.56M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-13.65M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$996.00K	USD	1 Quarter
Interest expense, net	`InterestExpense`	$5.42M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$7.48M	USD	1 Quarter
Loss before benefit for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-21.13M	USD	1 Quarter
Loss before benefit for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.42M	USD	1 Quarter
Benefit for income taxes	`IncomeTaxExpenseBenefit`	$-13.84M	USD	1 Quarter
Benefit for income taxes	`IncomeTaxExpenseBenefit`	$-7.83M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-13.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.42M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.26	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.26	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-13.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.42M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.02M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$7.42M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$441.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$585.00K	USD	1 Quarter
Amortization of Senior Note discount	`AmortizationOfDebtDiscountPremium`	$42.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$25.51M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.75M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-10.41M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-8.56M	USD	1 Quarter
Gain on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.65M	USD	1 Quarter
Gain on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$205.00K	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInReceivables`	$-22.92M	USD	1 Quarter
Receivables, net	`IncreaseDecreaseInReceivables`	$4.38M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$24.71M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$1.64M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$678.00K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$5.80M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-73.47M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-22.26M	USD	1 Quarter
Accrued warranty	`IncreaseDecreaseInWarrantLiability`	$-1.51M	USD	1 Quarter
Accrued warranty	`IncreaseDecreaseInWarrantLiability`	$-4.23M	USD	1 Quarter
Customer advances	`IncreaseDecreaseInCustomerAdvances`	$12.06M	USD	1 Quarter
Customer advances	`IncreaseDecreaseInCustomerAdvances`	$19.14M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-28.94M	USD	1 Quarter
Other liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-15.09M	USD	1 Quarter
Long-term assets	`IncreaseDecreaseInNoncurrentAssets`	$201.00K	USD	1 Quarter
Long-term assets	`IncreaseDecreaseInNoncurrentAssets`	$164.00K	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-33.75M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-72.41M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.59M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$18.09M	USD	1 Quarter
Payments for rental fleet vehicles	`PaymentsForRentalFleetVehicles`	$5.25M	USD	1 Quarter
Payments for rental fleet vehicles	`PaymentsForRentalFleetVehicles`	$529.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.92M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$919.00K	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$20.58M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$57.95M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-38.29M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-72.87M	USD	1 Quarter
Net proceeds from borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$142.31M	USD	1 Quarter
Net proceeds from borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$79.60M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividends`	$3.21M	USD	1 Quarter
Payment of debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$369.00K	USD	1 Quarter
Redemption of common stock options including employer payroll taxes	`PaymentsForRepurchaseOfCommonStock`	$3.25M	USD	1 Quarter
Redemption of common stock options including employer payroll taxes	`PaymentsForRepurchaseOfCommonStock`	$982.00K	USD	1 Quarter
Payments of withholding and employer payroll taxes for vesting of restricted stock	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$133.00K	USD	1 Quarter
Proceeds from exercise of common stock options, net of employer payroll taxes	`ProceedsFromStockOptionsExercised`	$2.56M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$140.19M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$76.35M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$4.32M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.09M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.74M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.14M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.84M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$10.82M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.74M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.84M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$10.82M	USD	Point-in-time
Interest	`InterestPaidNet`	$10.31M	USD	1 Quarter
Interest	`InterestPaidNet`	$4.66M	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$10.38M	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$-4.00K	USD	1 Quarter

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$581.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$572.44M	USD	Point-in-time
Net income	`NetIncomeLoss`	$-13.30M	USD	1 Quarter
Net income	`NetIncomeLoss`	$9.42M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$19.00K	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-287.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$533.00K	USD	1 Quarter
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.79M	USD	1 Quarter
Exercise of common stock options, shares	`StockIssuedDuringPeriodSharesStockOptionsExercised`	418,116.00	shares	1 Quarter
Vesting of restricted stock, net of employee tax withholding	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-126.00K	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStock`	$3.21M	USD	1 Quarter
Balance	`StockholdersEquity`	$581.56M	USD	Point-in-time
Balance	`StockholdersEquity`	$572.44M	USD	Point-in-time

Comprehensive Income 6 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-13.30M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$9.42M	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$19.00K	USD	1 Quarter
Other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-287.00K	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-13.28M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$9.13M	USD	1 Quarter

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