10-Q Filing

PHIBRO ANIMAL HEALTH CORP CIK: 1069899 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001571049-15-009020`
Period End Date	20150930
Filing Date	20151109
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	pahc-20150930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 30 Cash Flow Statement 55 Comprehensive Income 14

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$31.82M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.75M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.22M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$11.82M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$111.10M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$113.71M	USD	Point-in-time
Inventories, net	`InventoryNet`	$149.79M	USD	Point-in-time
Inventories, net	`InventoryNet`	$147.29M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$24.17M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$23.63M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$313.73M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$316.99M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$104.41M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$103.65M	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`	$37.28M	USD	Point-in-time
Intangibles, net	`FiniteLivedIntangibleAssetsNet`	$36.01M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$37.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$36.83M	USD	Point-in-time
Total assets	`Assets`	$493.48M	USD	Point-in-time
Total assets	`Assets`	$493.32M	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
Current portion of long-term debt	`LongTermDebtCurrent`	$2.81M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	16.00M	shares	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$2.82M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	16.00M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$63.06M	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
Accounts payable	`AccountsPayableCurrent`	$59.47M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$46.04M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$45.46M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$108.33M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$111.33M	USD	Point-in-time
Revolving credit facility	`LongTermLineOfCredit`	$20.50M	USD	Point-in-time
Revolving credit facility	`LongTermLineOfCredit`	$3.00M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$283.01M	USD	Point-in-time
Long-term debt	`LongTermDebtAndCapitalLeaseObligations`	$283.71M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$59.04M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$65.65M	USD	Point-in-time
Total liabilities	`Liabilities`	$470.88M	USD	Point-in-time
Total liabilities	`Liabilities`	$463.69M	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 11)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.0001; 300,000,000 Class A shares authorized, 18,042,757 and 17,747,793 shares issued and outstanding at September 30, 2015 and June 30, 2015, respectively; 30,000,000 Class B shares authorized, 21,083,811 and 21,320,275 shares issued and outstanding at September 30, 2015 and June 30, 2015, respectively	`CommonStockValueOutstanding`	$4.00K	USD	Point-in-time
Common stock, par value $0.0001; 300,000,000 Class A shares authorized, 18,042,757 and 17,747,793 shares issued and outstanding at September 30, 2015 and June 30, 2015, respectively; 30,000,000 Class B shares authorized, 21,083,811 and 21,320,275 shares issued and outstanding at September 30, 2015 and June 30, 2015, 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`	$114.97M	USD	Point-in-time
Paid-in capital	`AdditionalPaidInCapitalCommonStock`	$118.19M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-18.21M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-36.97M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-74.16M	USD	Point-in-time
Accumulated other comprehensive income (loss)	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-51.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$22.60M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$29.63M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$493.48M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$493.32M	USD	Point-in-time

Income Statement 30 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$187.12M	USD	1 Quarter
Net sales	`Revenues`	$187.46M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$126.96M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsSold`	$127.13M	USD	1 Quarter
Gross profit	`GrossProfit`	$60.33M	USD	1 Quarter
Gross profit	`GrossProfit`	$60.16M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$38.30M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$35.22M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$21.86M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$25.11M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-3.82M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNonoperatingNet`	$-3.49M	USD	1 Quarter
Foreign currency (gains) losses, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$1.20M	USD	1 Quarter
Foreign currency (gains) losses, net	`ForeignCurrencyTransactionGainLossBeforeTax`	$5.45M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$23.49M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$22.82M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$4.74M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.89M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.93M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.75M	USD	1 Quarter
basic (in dollars per share)	`EarningsPerShareBasic`	$0.49	USD	1 Quarter
basic (in dollars per share)	`EarningsPerShareBasic`	$0.48	USD	1 Quarter
diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.48	USD	1 Quarter
diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.47	USD	1 Quarter
basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	38.90M	shares	1 Quarter
basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	39.09M	shares	1 Quarter
diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.01M	shares	1 Quarter
diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	39.58M	shares	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter
Dividends per share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.10	USD	1 Quarter

Cash Flow Statement 55 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.93M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.75M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.35M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.43M	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$242.00K	USD	1 Quarter
Amortization of deferred financing costs and debt discount	`AmortizationOfFinancingCostsAndDiscounts`	$242.00K	USD	1 Quarter
Acquisition related accrued compensation	`BusinessCombinationAcquisitionRelatedCosts`	$420.00K	USD	1 Quarter
Acquisition related accrued interest	`AcquisitionRelatedAccruedInterest`	$345.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$38.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$546.00K	USD	1 Quarter
Foreign currency (gains) losses, net	`ForeignCurrencyTransactionGainLossUnrealized`	$5.43M	USD	1 Quarter
Foreign currency (gains) losses, net	`ForeignCurrencyTransactionGainLossUnrealized`	$316.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$97.00K	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-53.00K	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$-1.42M	USD	1 Quarter
Accounts receivable, net	`IncreaseDecreaseInAccountsReceivable`	$5.60M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$5.47M	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`	$1.57M	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$-32.00K	USD	1 Quarter
Other assets	`IncreaseDecreaseInOtherNoncurrentAssets`	$444.00K	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$5.43M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-3.01M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-10.15M	USD	1 Quarter
Accrued expenses and other liabilities	`IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities`	$-6.15M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$17.36M	USD	1 Quarter
Net cash provided (used) by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-2.39M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$8.09M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$3.98M	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-15.00K	USD	1 Quarter
Other, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-246.00K	USD	1 Quarter
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.85M	USD	1 Quarter
Net cash provided (used) by investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.96M	USD	1 Quarter
Borrowings under the revolving credit facility	`ProceedsFromLongTermLinesOfCredit`	$55.50M	USD	1 Quarter
Repayments of the revolving credit facility	`RepaymentsOfLongTermLinesOfCredit`	$38.00M	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`	$734.00K	USD	1 Quarter
Proceeds from common shares issued	`ProceedsFromIssuanceOfCommonStock`	$693.00K	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$3.91M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$3.90M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$13.55M	USD	1 Quarter
Net cash provided (used) by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.76M	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-706.00K	USD	1 Quarter
Effect of exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations`	$-715.00K	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$7.93M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$2.60M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$31.82M	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`	$29.22M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$11.82M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$31.82M	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`	$29.22M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$11.82M	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$18.93M	USD	1 Quarter
Net income	`NetIncomeLoss`	$18.75M	USD	1 Quarter
Change in fair value of derivative instruments	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent`	$-4.90M	USD	1 Quarter
Change in fair value of derivative instruments	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesBeforeTaxPortionAttributableToParent`	$-429.00K	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-9.98M	USD	1 Quarter
Foreign currency translation adjustment	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent`	$-21.73M	USD	1 Quarter
Unrecognized net pension gains (losses)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent`	$-384.00K	USD	1 Quarter
Unrecognized net pension gains (losses)	`OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent`	$-285.00K	USD	1 Quarter
(Provision) benefit for income taxes	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$-3.69M	USD	1 Quarter
(Provision) benefit for income taxes	`OtherComprehensiveIncomeLossTaxPortionAttributableToParent1`	$-1.55M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-22.56M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-8.57M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$10.36M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-3.81M	USD	1 Quarter

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