10-Q Filing

REV GROUP, INC. CIK: 1687221 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001564590-19-006529`
Period End Date	20190131
Filing Date	20190306
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	revg-20190131.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 77 Income Statement 36 Cash Flow Statement 47 Stockholders Equity 18

Balance Sheet 77 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	605.00M	shares	Point-in-time
Common stock, authorized shares	`CommonStockSharesAuthorized`	605.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	62.80M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$12.70M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	62.68M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$17.80M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$266.90M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$225.00M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	62.80M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	62.68M	shares	Point-in-time
Inventories, net	`InventoryNet`	$514.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$529.80M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$24.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$25.50M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$26.30M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$19.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$843.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$813.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$214.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$214.30M	USD	Point-in-time
Goodwill	`Goodwill`	$185.10M	USD	Point-in-time
Goodwill	`Goodwill`	$133.20M	USD	Point-in-time
Goodwill	`Goodwill`	$159.80M	USD	Point-in-time
Goodwill	`Goodwill`	$161.80M	USD	Point-in-time
Intangibles assets, net	`IntangibleAssetsNetExcludingGoodwill`	$174.60M	USD	Point-in-time
Intangibles assets, net	`IntangibleAssetsNetExcludingGoodwill`	$172.20M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$14.30M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$15.00M	USD	Point-in-time
Total assets	`Assets`	$1.41B	USD	Point-in-time
Total assets	`Assets`	$1.32B	USD	Point-in-time
Total assets	`Assets`	$1.37B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.30M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$1.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$218.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$163.90M	USD	Point-in-time
Customer advances	`ContractWithCustomerLiabilityCurrent`	$112.00M	USD	Point-in-time
Customer advances	`ContractWithCustomerLiabilityCurrent`	$117.80M	USD	Point-in-time
Accrued warranty	`StandardProductWarrantyAccrualCurrent`	$19.00M	USD	Point-in-time
Accrued warranty	`StandardProductWarrantyAccrualCurrent`	$18.10M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$49.90M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$55.50M	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$5.50M	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$5.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$351.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$417.20M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$420.60M	USD	Point-in-time
Long-term debt, less current maturities	`LongTermDebtNoncurrent`	$470.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$19.90M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$22.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$14.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$18.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$875.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$858.50M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock ($.001 par value, 605,000,000 shares authorized; 62,798,045 and 62,683,808 shares issued and outstanding, respectively)	`CommonStockValue`	$100.00K	USD	Point-in-time
Common stock ($.001 par value, 605,000,000 shares authorized; 62,798,045 and 62,683,808 shares issued and outstanding, respectively)	`CommonStockValue`	$100.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$493.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$492.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$22.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$40.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-1.40M	USD	Point-in-time
Total REV's shareholders' equity	`StockholdersEquity`	$581.60M	USD	Point-in-time
Total REV's shareholders' equity	`StockholdersEquity`	$515.10M	USD	Point-in-time
Total REV's shareholders' equity	`StockholdersEquity`	$572.50M	USD	Point-in-time
Total REV's shareholders' equity	`StockholdersEquity`	$531.40M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$1.00M	USD	Point-in-time
Non-controlling interest	`MinorityInterest`	$1.00M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$532.40M	USD	Point-in-time
Total shareholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$516.10M	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.41B	USD	Point-in-time
Total liabilities and shareholders' equity	`LiabilitiesAndStockholdersEquity`	$1.37B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$514.90M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$518.70M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$472.40M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$462.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$52.60M	USD	1 Quarter
Gross profit	`GrossProfit`	$46.30M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$41.10M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$47.80M	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	$1.30M	USD	1 Quarter
Research and development costs	`ResearchAndDevelopmentExpense`	$1.70M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$4.60M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$4.70M	USD	1 Quarter
Restructuring	`RestructuringCharges`	$4.10M	USD	1 Quarter
Restructuring	`RestructuringCharges`	$1.10M	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	$2.70M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$51.60M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$57.50M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$-11.20M	USD	1 Quarter
Operating (loss) income	`OperatingIncomeLoss`	$1.00M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$7.80M	USD	1 Quarter
Interest expense, net	`InterestExpense`	$5.40M	USD	1 Quarter
Loss before benefit for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-4.40M	USD	1 Quarter
Loss before benefit for income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$-19.00M	USD	1 Quarter
Benefit for income taxes	`IncomeTaxExpenseBenefit`	$-13.80M	USD	1 Quarter
Benefit for income taxes	`IncomeTaxExpenseBenefit`	$-4.40M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$9.40M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-14.60M	USD	1 Quarter
Other comprehensive loss, net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-300.00K	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$9.10M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTax`	$-14.60M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.15	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$-0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$-0.23	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Dividends declared per common share	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net (loss) income	`NetIncomeLoss`	$9.40M	USD	1 Quarter
Net (loss) income	`NetIncomeLoss`	$-14.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$11.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$12.40M	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$400.00K	USD	1 Quarter
Amortization of debt issuance costs	`AmortizationOfFinancingCosts`	$400.00K	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.80M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.40M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-10.40M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$2.90M	USD	1 Quarter
Gain on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$1.60M	USD	1 Quarter
Gain on disposal of property, plant and equipment	`GainLossOnSaleOfPropertyPlantEquipment`	$300.00K	USD	1 Quarter
Impairment charges	`AssetImpairmentCharges`	$2.70M	USD	1 Quarter
Changes in operating assets and liabilities, net of effects of business acquisitions	`IncreaseDecreaseInOperatingCapital`	$83.00M	USD	1 Quarter
Changes in operating assets and liabilities, net of effects of business acquisitions	`IncreaseDecreaseInOperatingCapital`	$44.30M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-39.40M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-72.40M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.30M	USD	1 Quarter
Purchase of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.60M	USD	1 Quarter
Purchase of rental fleet vehicles	`PaymentsForRentalFleetVehicles`	$5.30M	USD	1 Quarter
Purchase of rental fleet vehicles	`PaymentsForRentalFleetVehicles`	$3.00M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.10M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.90M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$57.90M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-72.90M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.20M	USD	1 Quarter
Net proceeds from borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$142.30M	USD	1 Quarter
Net proceeds from borrowings under revolving credit facility	`ProceedsFromLinesOfCredit`	$51.20M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividends`	$3.20M	USD	1 Quarter
Payment of dividends	`PaymentsOfDividends`	$3.10M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.10M	USD	1 Quarter
Other financing activities	`ProceedsFromPaymentsForOtherFinancingActivities`	$100.00K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$140.20M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$48.20M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$1.60M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-5.10M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.90M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.70M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$17.80M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.90M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$12.70M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$13.50M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$17.80M	USD	Point-in-time
Interest	`InterestPaidNet`	$7.40M	USD	1 Quarter
Interest	`InterestPaidNet`	$4.70M	USD	1 Quarter
Income taxes, net of refunds	`IncomeTaxesPaidNet`	$-8.40M	USD	1 Quarter

Stockholders Equity 18 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$581.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$515.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$572.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$531.40M	USD	Point-in-time
Net income (loss)	`NetIncomeLoss`	$9.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-14.60M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-300.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$500.00K	USD	1 Quarter
Stock-based compensation expense	`AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition`	$1.40M	USD	1 Quarter
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$2.80M	USD	1 Quarter
Exercise of common stock options	`StockIssuedDuringPeriodValueStockOptionsExercised`	$100.00K	USD	1 Quarter
Vesting of restricted stock, net of employee tax withholding	`RestrictedStockValueSharesIssuedNetOfTaxWithholdings`	$-100.00K	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStock`	$3.20M	USD	1 Quarter
Dividends declared on common stock	`DividendsCommonStock`	$3.20M	USD	1 Quarter
Balance	`StockholdersEquity`	$581.60M	USD	Point-in-time
Balance	`StockholdersEquity`	$515.10M	USD	Point-in-time
Balance	`StockholdersEquity`	$572.50M	USD	Point-in-time
Balance	`StockholdersEquity`	$531.40M	USD	Point-in-time

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