10-Q Filing

PHIBRO ANIMAL HEALTH CORP CIK: 1069899 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001571049-14-006086`
Period End Date	20140930
Filing Date	20141112
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	pahc-20140930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 60 Income Statement 32 Cash Flow Statement 54 Comprehensive Income 13

Balance Sheet 60 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$36.85M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$27.37M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$110.76M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$113.86M	USD	Point-in-time
Inventories, net	`InventoryNet`	$143.18M	USD	Point-in-time
Inventories, net	`InventoryNet`	$146.38M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$26.97M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$30.43M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$299.29M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$303.85M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$109.16M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$105.44M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$29.80M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$28.71M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$32.82M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$34.07M	USD	Point-in-time
Total assets	`Assets`	$470.82M	USD	Point-in-time
Total assets	`Assets`	$472.32M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	16.00M	shares	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.95M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	16.00M	shares	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.97M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$59.61M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$64.54M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	-	shares	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$49.86M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$39.29M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$106.79M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$112.44M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$285.71M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$286.42M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$56.71M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$58.31M	USD	Point-in-time
Total liabilities	`Liabilities`	$457.17M	USD	Point-in-time
Total liabilities	`Liabilities`	$449.21M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.0001; 300,000,000 Class A shares authorized, 17,442,953 shares issued and outstanding at September 30, 2014 and June 30, 2014; 30,000,000 Class B shares authorized, 21,512,275 and 21,348,600 shares issued and outstanding at September 30, 2014 and June 30, 2014, respectively	`CommonStockValueOutstanding`	$4.00K	USD	Point-in-time
Common stock, par value $0.0001; 300,000,000 Class A shares authorized, 17,442,953 shares issued and outstanding at September 30, 2014 and June 30, 2014; 30,000,000 Class B shares authorized, 21,512,275 and 21,348,600 shares issued and outstanding at September 30, 2014 and June 30, 2014, respectively	`CommonStockValueOutstanding`	$4.00K	USD	Point-in-time
Preferred stock, par value $0.0001; 16,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Preferred stock, par value $0.0001; 16,000,000 shares authorized, no shares issued and outstanding	`PreferredStockValueOutstanding`	-	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$132.45M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$128.56M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-97.25M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-76.77M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-30.18M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-20.06M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$21.61M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$15.15M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$470.82M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$472.32M	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$162.23M	USD	1 Quarter
Net sales	`Revenues`	$187.46M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$112.72M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$127.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$49.51M	USD	1 Quarter
Gross profit	`GrossProfit`	$60.33M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$33.12M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$35.22M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$25.11M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$16.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$7.77M	USD	1 Quarter
Interest expense	`InterestExpense`	$3.55M	USD	1 Quarter
Interest expense, stockholders	`InterestExpenseRelatedParty`	$1.00M	USD	1 Quarter
Interest (income)	`InvestmentIncomeInterest`	$62.00K	USD	1 Quarter
Interest (income)	`InvestmentIncomeInterest`	$44.00K	USD	1 Quarter
Foreign currency (gains) losses, net	`GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet`	$-648.00K	USD	1 Quarter
Foreign currency (gains) losses, net	`GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet`	$1.20M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$7.01M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$22.82M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.17M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.34M	USD	1 Quarter
Net income	`NetIncomeLoss`	$5.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.48M	USD	1 Quarter
basic (in dollars per share)	`EarningsPerShareBasic`	$0.53	USD	1 Quarter
basic (in dollars per share)	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.52	USD	1 Quarter
diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.19	USD	1 Quarter
basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38,900.00	shares	1 Quarter
basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	30,458.00	shares	1 Quarter
diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	30,458.00	shares	1 Quarter
diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39,584.00	shares	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.20M	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$391.00K	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$242.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-1.00M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$551.00K	USD	1 Quarter
Foreign currency (gains) losses, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$-316.00K	USD	1 Quarter
Foreign currency (gains) losses, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$173.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$38.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$97.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.42M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-4.82M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$1.56M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$7.50M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.47M	USD	1 Quarter
Prepaid expenses and other current assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$2.65M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$43.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-32.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.43M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.13M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$-6.93M	USD	1 Quarter
Accrued interest	`IncreaseDecreaseInInterestPayableNet`	$16.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-853.00K	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-10.17M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$17.36M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-222.00K	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$4.22M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.98M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-15.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.00K	USD	1 Quarter
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.96M	USD	1 Quarter
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-4.22M	USD	1 Quarter
Borrowings under the domestic senior and revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$42.50M	USD	1 Quarter
Repayments of the domestic senior and revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$28.50M	USD	1 Quarter
Payments of long-term debt, capital leases and other	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$861.00K	USD	1 Quarter
Payments of long-term debt, capital leases and other	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$17.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$3.90M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.76M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$13.98M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-715.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-58.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.48M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.93M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$36.85M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.75M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.82M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$27.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$36.85M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.75M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.82M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$27.37M	USD	Point-in-time
Capital improvements	`NoncashOrPartNoncashCapitalImprovements`	$1.31M	USD	1 Quarter

Comprehensive Income 13 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$5.84M	USD	1 Quarter
Net income	`NetIncomeLoss`	$20.48M	USD	1 Quarter
Fair value of derivative instruments	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent`	$-429.00K	USD	1 Quarter
Fair value of derivative instruments	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent`	$372.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-9.98M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-132.00K	USD	1 Quarter
Unrecognized net pension gains (losses)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent`	$-203.00K	USD	1 Quarter
Unrecognized net pension gains (losses)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent`	$-285.00K	USD	1 Quarter
(Provision) benefit for income taxes	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$224.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-10.12M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$219.00K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.06M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.36M	USD	1 Quarter

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