10-Q Filing

ALLISON TRANSMISSION HOLDINGS INC CIK: 1411207 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001564590-20-021007`
Period End Date	20200331
Filing Date	20200505
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	alsn-10q_20200331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 28 Cash Flow Statement 66 Stockholders Equity 24

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Allowances for doubtful accounts receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.00M	USD	Point-in-time
Allowances for doubtful accounts receivables	`AllowanceForDoubtfulAccountsReceivableCurrent`	$1.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$192.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$114.00M	USD	Point-in-time
Accounts receivable net of allowances for doubtful accounts of $1	`AccountsReceivableNetCurrent`	$303.00M	USD	Point-in-time
Accounts receivable net of allowances for doubtful accounts of $1	`AccountsReceivableNetCurrent`	$253.00M	USD	Point-in-time
Inventories	`InventoryNet`	$207.00M	USD	Point-in-time
Inventories	`InventoryNet`	$199.00M	USD	Point-in-time
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$42.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$42.00M	USD	Point-in-time
Preferred stock, par value (USD per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$666.00M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$686.00M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	100.00M	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$616.00M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$627.00M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.03B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.04B	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Goodwill	`Goodwill`	$2.04B	USD	Point-in-time
Goodwill	`Goodwill`	$2.04B	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$65.00M	USD	Point-in-time
Other non-current assets	`OtherAssetsNoncurrent`	$64.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.45B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$4.42B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$191.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$150.00M	USD	Point-in-time
Product warranty liability	`ProductWarrantyAccrualClassifiedCurrent`	$24.00M	USD	Point-in-time
Product warranty liability	`ProductWarrantyAccrualClassifiedCurrent`	$25.00M	USD	Point-in-time
Product warranty liability	`ProductWarrantyAccrualClassifiedCurrent`	$27.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$6.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$6.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$34.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$35.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityCurrent`	$34.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$202.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$170.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$426.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$417.00M	USD	Point-in-time
Product warranty liability	`ProductWarrantyAccrualNoncurrent`	$28.00M	USD	Point-in-time
Product warranty liability	`ProductWarrantyAccrualNoncurrent`	$26.00M	USD	Point-in-time
Product warranty liability	`ProductWarrantyAccrualNoncurrent`	$37.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$106.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$97.00M	USD	Point-in-time
Deferred revenue	`ContractWithCustomerLiabilityNoncurrent`	$104.00M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.51B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.51B	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$415.00M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$387.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$246.00M	USD	Point-in-time
Other non-current liabilities	`OtherLiabilitiesNoncurrent`	$221.00M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.67B	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$3.73B	USD	Point-in-time
Commitments and contingencies (see NOTE P)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (see NOTE P)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.01 par value, 100,000,000 shares authorized, none issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$1.80B	USD	Point-in-time
Paid in capital	`AdditionalPaidInCapitalCommonStock`	$1.80B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-970.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.03B	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-81.00M	USD	Point-in-time
Accumulated other comprehensive loss, net of tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-52.00M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$745.00M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$659.00M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$781.00M	USD	Point-in-time
TOTAL STOCKHOLDERS EQUITY	`StockholdersEquity`	$693.00M	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$4.45B	USD	Point-in-time
TOTAL LIABILITIES & STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$4.42B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$675.00M	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$637.00M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$316.00M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$311.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$326.00M	USD	1 Quarter
Gross profit	`GrossProfit`	$359.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$84.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$75.00M	USD	1 Quarter
Engineering research and development	`ResearchAndDevelopmentExpense`	$31.00M	USD	1 Quarter
Engineering research and development	`ResearchAndDevelopmentExpense`	$36.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$244.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$215.00M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-36.00M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-33.00M	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$3.00M	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-1.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$181.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$211.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$42.00M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$44.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$139.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$167.00M	USD	1 Quarter
Basic earnings per share attributable to common stockholders (USD per share)	`EarningsPerShareBasic`	$1.33	USD	1 Quarter
Basic earnings per share attributable to common stockholders (USD per share)	`EarningsPerShareBasic`	$1.20	USD	1 Quarter
Diluted earnings per share attributable to common stockholders (USD per share)	`EarningsPerShareDiluted`	$1.32	USD	1 Quarter
Diluted earnings per share attributable to common stockholders (USD per share)	`EarningsPerShareDiluted`	$1.20	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$110.00M	USD	1 Quarter
Comprehensive income, net of tax	`ComprehensiveIncomeNetOfTax`	$164.00M	USD	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$139.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$167.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$35.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$13.00M	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$18.00M	USD	1 Quarter
Depreciation of property, plant and equipment	`Depreciation`	$22.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$22.00M	USD	1 Quarter
Amortization of intangible assets	`AmortizationOfIntangibleAssets`	$16.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.00M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$3.00M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.00M	USD	1 Quarter
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$1.00M	USD	1 Quarter
Expenses related to long-term debt refinancing	`LongTermDebtRefinancingExpense`	-	USD	1 Quarter
Expenses related to long-term debt refinancing	`LongTermDebtRefinancingExpense`	$5.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$1.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-3.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$54.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$51.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$18.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$21.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$34.00M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$-4.00M	USD	1 Quarter
Other assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$32.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$148.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$194.00M	USD	1 Quarter
Additions of long-lived assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$21.00M	USD	1 Quarter
Additions of long-lived assets	`PaymentsToAcquirePropertyPlantAndEquipment`	$19.00M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-19.00M	USD	1 Quarter
Net cash used for investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-21.00M	USD	1 Quarter
Borrowings on revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	-	USD	1 Quarter
Borrowings on revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$300.00M	USD	1 Quarter
Payments on revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$300.00M	USD	1 Quarter
Payments on revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	-	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$180.00M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$50.00M	USD	1 Quarter
Dividend payments	`PaymentsOfDividends`	$20.00M	USD	1 Quarter
Dividend payments	`PaymentsOfDividends`	$19.00M	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfSeniorDebt`	$1.15B	USD	1 Quarter
Payments on long-term debt	`RepaymentsOfSeniorDebt`	$2.00M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.00M	USD	1 Quarter
Taxes paid related to net share settlement of equity awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$4.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$1.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	-	USD	1 Quarter
Issuance of long-term debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	-	USD	1 Quarter
Issuance of long-term debt	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$1.15B	USD	1 Quarter
Debt financing fees	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Debt financing fees	`PaymentsOfFinancingCosts`	$10.00M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-203.00M	USD	1 Quarter
Net cash used for financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-83.00M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.00M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.00M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$93.00M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-78.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$114.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$324.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$192.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$231.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$114.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$324.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$192.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$231.00M	USD	Point-in-time
Interest paid	`InterestPaidNet`	$8.00M	USD	1 Quarter
Interest paid	`InterestPaidNet`	$14.00M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$6.00M	USD	1 Quarter
Income taxes paid	`IncomeTaxesPaidNet`	$6.00M	USD	1 Quarter

Stockholders Equity 24 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	$745.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$659.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$781.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$693.00M	USD	Point-in-time
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.00M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$3.00M	USD	1 Quarter
Pension and OPEB liability adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-6.00M	USD	1 Quarter
Pension and OPEB liability adjustment	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$4.00M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.00M	USD	1 Quarter
Available-for-sale securities and interest rate swaps	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAndDerivativesAdjustmentNetOfTax`	$-9.00M	USD	1 Quarter
Available-for-sale securities and interest rate swaps	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAndDerivativesAdjustmentNetOfTax`	$-23.00M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$-4.00M	USD	1 Quarter
Issuance of common stock	`StockIssuedDuringPeriodValueNewIssues`	$-1.00M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$50.00M	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$180.00M	USD	1 Quarter
Dividends on common stock	`DividendsCommonStockCash`	$20.00M	USD	1 Quarter
Dividends on common stock	`DividendsCommonStockCash`	$19.00M	USD	1 Quarter
Impact of adopting accounting standards	`NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification`	$-8.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$139.00M	USD	1 Quarter
Net income	`NetIncomeLoss`	$167.00M	USD	1 Quarter
Balance	`StockholdersEquity`	$745.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$659.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$781.00M	USD	Point-in-time
Balance	`StockholdersEquity`	$693.00M	USD	Point-in-time

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