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10-Q Filing

MAGNERA CORP CIK: 41719 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001564590-18-010036
Period End Date 20180331
Filing Date 20180501
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance glt-20180331.xml
Filing Contents
Balance Sheet 62 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $57.23M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $117.28M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $55.44M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $116.22M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $174.15M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $183.26M USD Point-in-time
Inventories InventoryNet $262.95M USD Point-in-time
Inventories InventoryNet $252.06M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $45.22M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $42.53M USD Point-in-time
Total current assets AssetsCurrent $584.97M USD Point-in-time
Total current assets AssetsCurrent $608.70M USD Point-in-time
Plant, equipment and timberlands, net PropertyPlantAndEquipmentNet $870.73M USD Point-in-time
Plant, equipment and timberlands, net PropertyPlantAndEquipmentNet $865.74M USD Point-in-time
Goodwill Goodwill $84.98M USD Point-in-time
Goodwill Goodwill $82.74M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $59.17M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $58.86M USD Point-in-time
Other assets OtherAssetsNoncurrent $138.48M USD Point-in-time
Other assets OtherAssetsNoncurrent $141.03M USD Point-in-time
Total assets Assets $1.73B USD Point-in-time
Total assets Assets $1.76B USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $11.61M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $11.30M USD Point-in-time
Accounts payable AccountsPayableCurrent $190.48M USD Point-in-time
Accounts payable AccountsPayableCurrent $187.66M USD Point-in-time
Dividends payable DividendsPayableCurrent $5.69M USD Point-in-time
Dividends payable DividendsPayableCurrent $5.68M USD Point-in-time
Environmental liabilities AccruedEnvironmentalLossContingenciesCurrent $28.50M USD Point-in-time
Environmental liabilities AccruedEnvironmentalLossContingenciesCurrent $26.00M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $107.74M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $111.22M USD Point-in-time
Total current liabilities LiabilitiesCurrent $338.70M USD Point-in-time
Total current liabilities LiabilitiesCurrent $347.18M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $494.13M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $470.10M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $85.03M USD Point-in-time
Deferred income taxes DeferredIncomeTaxLiabilitiesNet $83.57M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $122.77M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $121.02M USD Point-in-time
Total liabilities Liabilities $1.02B USD Point-in-time
Total liabilities Liabilities $1.04B 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 $62.59M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $62.36M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $970.74M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $948.41M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-140.68M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-148.95M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-204.61M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-197.41M USD Point-in-time
Shareholders' equity before treasury stock StockholdersEquityBeforeTreasuryStock $884.69M USD Point-in-time
Shareholders' equity before treasury stock StockholdersEquityBeforeTreasuryStock $870.87M USD Point-in-time
Less cost of common stock in treasury TreasuryStockValue $161.95M USD Point-in-time
Less cost of common stock in treasury TreasuryStockValue $160.69M USD Point-in-time
Total shareholders equity StockholdersEquity $708.93M USD Point-in-time
Total shareholders equity StockholdersEquity $723.99M USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $1.76B USD Point-in-time
Total liabilities and shareholders equity LiabilitiesAndStockholdersEquity $1.73B USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueGoodsNet $410.65M USD 1 Quarter
Net sales SalesRevenueGoodsNet $390.71M USD 1 Quarter
Energy and related sales, net EnergyAndRelatedSalesNet $1.13M USD 1 Quarter
Energy and related sales, net EnergyAndRelatedSalesNet $1.43M USD 1 Quarter
Total revenues SalesRevenueNet $391.84M USD 1 Quarter
Total revenues SalesRevenueNet $412.07M USD 1 Quarter
Costs of products sold CostOfGoodsSold $363.17M USD 1 Quarter
Costs of products sold CostOfGoodsSold $336.21M USD 1 Quarter
Gross profit GrossProfit $55.63M USD 1 Quarter
Gross profit GrossProfit $48.91M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $37.06M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $34.88M USD 1 Quarter
(Gains) losses on dispositions of plant, equipment and timberlands, net GainLossOnSaleOfPropertyPlantEquipment $1.55M USD 1 Quarter
(Gains) losses on dispositions of plant, equipment and timberlands, net GainLossOnSaleOfPropertyPlantEquipment $-32.00K USD 1 Quarter
Operating income OperatingIncomeLoss $13.40M USD 1 Quarter
Operating income OperatingIncomeLoss $20.72M USD 1 Quarter
Interest expense InterestExpense $4.01M USD 1 Quarter
Interest expense InterestExpense $5.20M USD 1 Quarter
Interest income InvestmentIncomeInterest $113.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $54.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $229.00K USD 1 Quarter
Other, net OtherNonoperatingIncomeExpense $812.00K USD 1 Quarter
Total non-operating expense NonoperatingIncomeExpense $-4.91M USD 1 Quarter
Total non-operating expense NonoperatingIncomeExpense $-3.08M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $17.64M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $8.48M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $2.77M USD 1 Quarter
Income tax provision IncomeTaxExpenseBenefit $6.03M USD 1 Quarter
Net income NetIncomeLoss $5.72M USD 1 Quarter
Net income NetIncomeLoss $11.60M USD 1 Quarter
Basic EarningsPerShareBasic $0.13 USD 1 Quarter
Basic EarningsPerShareBasic $0.27 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.13 USD 1 Quarter
Diluted EarningsPerShareDiluted $0.26 USD 1 Quarter
Cash dividends declared per common share CommonStockDividendsPerShareDeclared $0.13 USD 1 Quarter
Cash dividends declared per common share CommonStockDividendsPerShareDeclared $0.13 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 43.58M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 43.70M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 44.49M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 44.57M shares 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $5.72M USD 1 Quarter
Net income NetIncomeLoss $11.60M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $19.43M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $17.28M USD 1 Quarter
Amortization of debt issue costs and original issue discount AmortizationOfFinancingCostsAndDiscounts $290.00K USD 1 Quarter
Amortization of debt issue costs and original issue discount AmortizationOfFinancingCostsAndDiscounts $289.00K USD 1 Quarter
Pension expense, net of unfunded benefits paid NoncashPensionExpenseNetOfUnfundedBenefits $928.00K USD 1 Quarter
Pension expense, net of unfunded benefits paid NoncashPensionExpenseNetOfUnfundedBenefits $1.30M USD 1 Quarter
Deferred income tax provision (benefit) DeferredIncomeTaxExpenseBenefit $-2.24M USD 1 Quarter
Deferred income tax provision (benefit) DeferredIncomeTaxExpenseBenefit $1.70M USD 1 Quarter
(Gains) losses on dispositions of plant, equipment and timberlands, net GainLossOnSaleOfPropertyPlantEquipment $1.55M USD 1 Quarter
(Gains) losses on dispositions of plant, equipment and timberlands, net GainLossOnSaleOfPropertyPlantEquipment $-32.00K USD 1 Quarter
Share-based compensation ShareBasedCompensation $1.98M USD 1 Quarter
Share-based compensation ShareBasedCompensation $1.65M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $6.55M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $11.46M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $9.91M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $7.79M USD 1 Quarter
Prepaid and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $3.19M 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 $4.11M USD 1 Quarter
Accruals and other current liabilities IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities $-5.29M USD 1 Quarter
Accruals and other current liabilities IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities $-8.87M USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $-1.45M USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $255.00K USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $7.56M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $7.66M USD 1 Quarter
Expenditures for purchases of plant, equipment and timberlands PaymentsToAcquirePropertyPlantAndEquipment $26.57M USD 1 Quarter
Expenditures for purchases of plant, equipment and timberlands PaymentsToAcquirePropertyPlantAndEquipment $36.78M USD 1 Quarter
Proceeds from disposals of plant, equipment and timberlands, net ProceedsFromSaleOfPropertyPlantAndEquipment $1.70M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $28.00K USD 1 Quarter
Net cash used by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-36.78M USD 1 Quarter
Net cash used by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-24.90M USD 1 Quarter
Net borrowings under revolving credit facility ProceedsFromRepaymentsOfLinesOfCredit $25.39M USD 1 Quarter
Net borrowings under revolving credit facility ProceedsFromRepaymentsOfLinesOfCredit $38.24M USD 1 Quarter
Repayment of term loans RepaymentsOfLongTermDebt $2.90M USD 1 Quarter
Repayment of term loans RepaymentsOfLongTermDebt $2.19M USD 1 Quarter
Payments of dividends PaymentsOfDividendsCommonStock $5.68M USD 1 Quarter
Payments of dividends PaymentsOfDividendsCommonStock $5.46M USD 1 Quarter
Payments related to share-based compensation awards and other ProceedsFromPaymentsForShareBasedCompensationAndOther $-965.00K USD 1 Quarter
Payments related to share-based compensation awards and other ProceedsFromPaymentsForShareBasedCompensationAndOther $-112.00K USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $15.84M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $30.48M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $2.46M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $526.00K USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $1.06M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $1.78M USD 1 Quarter
Cash and cash equivalents at the beginning of period CashAndCashEquivalentsAtCarryingValue $57.23M USD Point-in-time
Cash and cash equivalents at the beginning of period CashAndCashEquivalentsAtCarryingValue $117.28M 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 $116.22M USD Point-in-time
Cash and cash equivalents at the end of period CashAndCashEquivalentsAtCarryingValue $57.23M USD Point-in-time
Cash and cash equivalents at the end of period CashAndCashEquivalentsAtCarryingValue $117.28M 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 $116.22M USD Point-in-time
Interest, net of amounts capitalized InterestPaidNet $1.50M 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 $2.96M USD 1 Quarter
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $5.72M USD 1 Quarter
Taxes on deferred losses on cash flow hedges OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $288.00K USD 1 Quarter
Taxes on deferred losses on cash flow hedges OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent $583.00K USD 1 Quarter
Net income NetIncomeLoss $11.60M USD 1 Quarter
Taxes on unrecognized retirement obligations OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent $-1.25M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $6.07M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $12.75M USD 1 Quarter
Taxes on unrecognized retirement obligations OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent $-977.00K USD 1 Quarter
Deferred losses on cash flow hedges, net of taxes of $583 and $288, respectively OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-1.80M USD 1 Quarter
Deferred losses on cash flow hedges, net of taxes of $583 and $288, respectively OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-946.00K USD 1 Quarter
Unrecognized retirement obligations, net of taxes of $(977) and $(1,248), respectively OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-3.08M USD 1 Quarter
Unrecognized retirement obligations, net of taxes of $(977) and $(1,248), respectively OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent $-2.07M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $14.02M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $7.19M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $19.74M 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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