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10-Q Filing

PHIBRO ANIMAL HEALTH CORP CIK: 1069899 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001571049-16-019689
Period End Date 20160930
Filing Date 20161109
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance pahc-20160930.xml
Filing Contents
Balance Sheet 62 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $33.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $29.22M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $31.82M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $37.41M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $123.79M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $119.61M USD Point-in-time
Inventories, net InventoryNet $167.69M USD Point-in-time
Inventories, net InventoryNet $162.64M USD Point-in-time
Other current assets OtherAssetsCurrent $17.75M USD Point-in-time
Other current assets OtherAssetsCurrent $20.10M USD Point-in-time
Total current assets AssetsCurrent $342.83M USD Point-in-time
Total current assets AssetsCurrent $339.77M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $127.32M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $127.34M USD Point-in-time
Intangibles, net FiniteLivedIntangibleAssetsNet $58.57M USD Point-in-time
Intangibles, net FiniteLivedIntangibleAssetsNet $60.09M USD Point-in-time
Goodwill Goodwill $21.12M USD Point-in-time
Goodwill Goodwill $21.12M USD Point-in-time
Other assets OtherAssetsNoncurrent $51.29M USD Point-in-time
Other assets OtherAssetsNoncurrent $56.47M USD Point-in-time
Total assets Assets $607.84M USD Point-in-time
Total assets Assets $598.08M 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
Preferred stock, shares authorized PreferredStockSharesAuthorized 16.00M shares Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Current portion of long-term debt LongTermDebtCurrent $2.90M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $2.91M USD Point-in-time
Preferred stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts payable AccountsPayableCurrent $54.27M USD Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Accounts payable AccountsPayableCurrent $60.17M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $44.16M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $45.70M USD Point-in-time
Total current liabilities LiabilitiesCurrent $108.78M USD Point-in-time
Total current liabilities LiabilitiesCurrent $101.34M USD Point-in-time
Revolving credit facility LongTermLineOfCredit $62.00M USD Point-in-time
Revolving credit facility LongTermLineOfCredit $69.00M USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $277.70M USD Point-in-time
Long-term debt LongTermDebtAndCapitalLeaseObligations $278.26M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $61.31M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $54.77M USD Point-in-time
Total liabilities Liabilities $517.36M USD Point-in-time
Total liabilities Liabilities $495.81M USD Point-in-time
Commitments and contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Common stock, par value $0.0001 per share; 300,000,000 Class A shares authorized, 18,519,757 shares issued and outstanding at September 30, 2016, and June 30, 2016; 30,000,000 Class B shares authorized, 20,887,811 shares issued and outstanding at September 30, 2016, and June 30, 2016 CommonStockValueOutstanding $4.00K USD Point-in-time
Common stock, par value $0.0001 per share; 300,000,000 Class A shares authorized, 18,519,757 shares issued and outstanding at September 30, 2016, and June 30, 2016; 30,000,000 Class B shares authorized, 20,887,811 shares issued and outstanding at September 30, 2016, and June 30, 2016 CommonStockValueOutstanding $4.00K USD Point-in-time
Preferred stock, par value $0.0001 per share; 16,000,000 shares authorized, no shares issued and outstanding PreferredStockValueOutstanding - USD Point-in-time
Preferred stock, par value $0.0001 per share; 16,000,000 shares authorized, no shares issued and outstanding PreferredStockValueOutstanding - USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $118.30M USD Point-in-time
Paid-in capital AdditionalPaidInCapitalCommonStock $118.30M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $42.20M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $33.96M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-58.23M USD Point-in-time
Accumulated other comprehensive income (loss) AccumulatedOtherComprehensiveIncomeLossNetOfTax $-61.78M USD Point-in-time
Total stockholders' equity StockholdersEquity $102.28M USD Point-in-time
Total stockholders' equity StockholdersEquity $90.48M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $607.84M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $598.08M 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 $187.99M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $126.99M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $127.91M USD 1 Quarter
Gross profit GrossProfit $59.21M USD 1 Quarter
Gross profit GrossProfit $61.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $37.35M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $39.19M USD 1 Quarter
Operating income OperatingIncomeLoss $21.86M USD 1 Quarter
Operating income OperatingIncomeLoss $21.81M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-3.91M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-3.82M USD 1 Quarter
Foreign currency (gains) losses, net ForeignCurrencyTransactionGainLossBeforeTax $-334.00K 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 $17.57M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $4.74M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $5.39M USD 1 Quarter
Net income NetIncomeLoss $12.18M USD 1 Quarter
Net income NetIncomeLoss $18.75M USD 1 Quarter
basic (in dollars per share) EarningsPerShareBasic $0.31 USD 1 Quarter
basic (in dollars per share) EarningsPerShareBasic $0.48 USD 1 Quarter
diluted (in dollars per share) EarningsPerShareDiluted $0.47 USD 1 Quarter
diluted (in dollars per share) EarningsPerShareDiluted $0.31 USD 1 Quarter
basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 39,408.00 shares 1 Quarter
basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 39,092.00 shares 1 Quarter
diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 40,012.00 shares 1 Quarter
diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 39,906.00 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 59 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $12.18M USD 1 Quarter
Net income NetIncomeLoss $18.75M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $5.43M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $6.32M USD 1 Quarter
Amortization of debt issuance costs and debt discount AmortizationOfFinancingCostsAndDiscounts $242.00K USD 1 Quarter
Amortization of debt issuance costs and debt discount AmortizationOfFinancingCostsAndDiscounts $253.00K USD 1 Quarter
Acquisition-related accrued compensation BusinessCombinationAcquisitionRelatedCosts $420.00K USD 1 Quarter
Acquisition-related accrued compensation BusinessCombinationAcquisitionRelatedCosts $420.00K USD 1 Quarter
Acquisition-related accrued interest AccretionExpense $345.00K USD 1 Quarter
Acquisition-related accrued interest AccretionExpense $393.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $1.71M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $38.00K USD 1 Quarter
Foreign currency (gains) losses, net ForeignCurrencyTransactionGainLossUnrealized $-97.00K USD 1 Quarter
Foreign currency (gains) losses, net ForeignCurrencyTransactionGainLossUnrealized $5.43M USD 1 Quarter
Other OtherNoncashIncomeExpense $-87.00K USD 1 Quarter
Other OtherNoncashIncomeExpense $-53.00K USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-3.91M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $5.60M USD 1 Quarter
Inventories, net IncreaseDecreaseInInventories $5.47M USD 1 Quarter
Inventories, net IncreaseDecreaseInInventories $-4.54M USD 1 Quarter
Other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.57M USD 1 Quarter
Other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.43M USD 1 Quarter
Other assets IncreaseDecreaseInOtherNoncurrentAssets $-346.00K USD 1 Quarter
Other assets IncreaseDecreaseInOtherNoncurrentAssets $444.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-3.01M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-5.00M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-6.15M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilitiesAndOtherOperatingLiabilities $-1.36M USD 1 Quarter
Net cash provided (used) by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-2.39M USD 1 Quarter
Net cash provided (used) by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $21.46M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $5.91M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $8.09M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-25.00K USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-246.00K USD 1 Quarter
Net cash provided (used) by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-5.89M USD 1 Quarter
Net cash provided (used) by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-7.85M USD 1 Quarter
Revolving credit facility borrowings ProceedsFromLongTermLinesOfCredit $55.50M USD 1 Quarter
Revolving credit facility borrowings ProceedsFromLongTermLinesOfCredit $34.00M USD 1 Quarter
Revolving credit facility repayments RepaymentsOfLongTermLinesOfCredit $41.00M USD 1 Quarter
Revolving credit facility repayments RepaymentsOfLongTermLinesOfCredit $38.00M USD 1 Quarter
Payments of long-term debt, capital leases and other RepaymentsOfLongTermDebtAndCapitalSecurities $729.00K 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 $3.94M USD 1 Quarter
Dividends paid PaymentsOfDividends $3.91M USD 1 Quarter
Net cash provided (used) by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $13.55M USD 1 Quarter
Net cash provided (used) by financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-11.67M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-90.00K USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations $-706.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $2.60M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $3.81M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $33.60M 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 $31.82M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $37.41M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $33.60M 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 $31.82M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $37.41M USD Point-in-time
Comprehensive Income 14 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $12.18M 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 $34.00K USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $-21.73M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $-893.00K USD 1 Quarter
Unrecognized net pension gains (losses) OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent $-7.17M USD 1 Quarter
Unrecognized net pension gains (losses) OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentBeforeTaxPortionAttributableToParent $-384.00K USD 1 Quarter
(Provision) benefit for income taxes OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $-3.69M USD 1 Quarter
(Provision) benefit for income taxes OtherComprehensiveIncomeLossTaxPortionAttributableToParent1 $2.75M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-22.56M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $3.56M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $15.74M 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.

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