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10-Q Filing

NVENT ELECTRIC PLC CIK: 1720635 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001720635-19-000019
Period End Date 20190331
Filing Date 20190425
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance nvt-20190331.xml
Filing Contents
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Accounts and notes receivable, allowances AllowanceForDoubtfulAccountsReceivableCurrent $6.10M USD Point-in-time
Accounts and notes receivable, allowances AllowanceForDoubtfulAccountsReceivableCurrent $5.80M USD Point-in-time
Ordinary shares, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $32.60M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $836.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $159.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $26.90M USD Point-in-time
Ordinary shares authorized (in shares) CommonStockSharesAuthorized 400.00M shares Point-in-time
Ordinary shares issued (in shares) CommonStockSharesIssued 174.70M shares Point-in-time
Accounts and notes receivable, net of allowances of $5.8 and $6.1, respectively AccountsAndNotesReceivableNet $342.70M USD Point-in-time
Accounts and notes receivable, net of allowances of $5.8 and $6.1, respectively AccountsAndNotesReceivableNet $340.90M USD Point-in-time
Accounts and notes receivable, net of allowances of $5.8 and $6.1, respectively AccountsAndNotesReceivableNet $353.10M USD Point-in-time
Ordinary shares issued (in shares) CommonStockSharesIssued 177.20M shares Point-in-time
Inventories InventoryNet $228.20M USD Point-in-time
Inventories InventoryNet $244.40M USD Point-in-time
Inventories InventoryNet $222.30M USD Point-in-time
Other current assets OtherAssetsCurrent $118.40M USD Point-in-time
Other current assets OtherAssetsCurrent $126.50M USD Point-in-time
Other current assets OtherAssetsCurrent $134.10M USD Point-in-time
Total current assets AssetsCurrent $746.20M USD Point-in-time
Total current assets AssetsCurrent $846.50M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $264.60M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $264.80M USD Point-in-time
Goodwill Goodwill $2.23B USD Point-in-time
Goodwill Goodwill $2.23B USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $1.16B USD Point-in-time
Intangibles, net IntangibleAssetsNetExcludingGoodwill $1.17B USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $77.30M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $33.80M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $71.30M USD Point-in-time
Total other assets AssetsNoncurrent $3.46B USD Point-in-time
Total other assets AssetsNoncurrent $3.44B USD Point-in-time
Total assets Assets $4.55B USD Point-in-time
Total assets Assets $4.47B USD Point-in-time
Current maturities of long-term debt and short-term borrowings LongTermDebtCurrent $13.80M USD Point-in-time
Current maturities of long-term debt and short-term borrowings LongTermDebtCurrent $12.50M USD Point-in-time
Accounts payable AccountsPayableCurrent $186.40M USD Point-in-time
Accounts payable AccountsPayableCurrent $149.10M USD Point-in-time
Employee compensation and benefits EmployeeRelatedLiabilitiesCurrent $75.80M USD Point-in-time
Employee compensation and benefits EmployeeRelatedLiabilitiesCurrent $64.30M USD Point-in-time
Other current liabilities OtherAccruedLiabilitiesCurrent $183.00M USD Point-in-time
Other current liabilities OtherAccruedLiabilitiesCurrent $187.00M USD Point-in-time
Other current liabilities OtherAccruedLiabilitiesCurrent $145.10M USD Point-in-time
Total current liabilities LiabilitiesCurrent $461.70M USD Point-in-time
Total current liabilities LiabilitiesCurrent $410.20M USD Point-in-time
Long-term debt LongTermDebt $925.60M USD Point-in-time
Long-term debt LongTermDebt $929.20M USD Point-in-time
Pension and other post-retirement compensation and benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $175.40M USD Point-in-time
Pension and other post-retirement compensation and benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $177.90M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $222.70M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $279.80M USD Point-in-time
Deferred tax liabilities DeferredTaxLiabilitiesNoncurrent $224.80M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $72.00M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $105.70M USD Point-in-time
Total liabilities Liabilities $1.84B USD Point-in-time
Total liabilities Liabilities $1.87B USD Point-in-time
Ordinary shares $0.01 par value, 400.0 authorized, 174.7 and 177.2 issued at March 31, 2019 and December 31, 2018, respectively CommonStockValueOutstanding $1.80M USD Point-in-time
Ordinary shares $0.01 par value, 400.0 authorized, 174.7 and 177.2 issued at March 31, 2019 and December 31, 2018, respectively CommonStockValueOutstanding $1.70M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.64B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $2.71B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $109.20M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $83.40M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-107.80M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-111.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.64B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.79B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.64B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.69B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $4.47B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $4.55B USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $538.90M USD 1 Quarter
Net sales RevenueFromContractWithCustomerExcludingAssessedTax $538.00M USD 1 Quarter
Cost of goods sold CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization $330.00M USD 1 Quarter
Cost of goods sold CostOfGoodsSoldExcludingDepreciationDepletionAndAmortization $328.10M USD 1 Quarter
Gross profit GrossProfit $208.90M USD 1 Quarter
Gross profit GrossProfit $209.90M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $120.10M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $131.90M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $12.30M USD 1 Quarter
Research and development ResearchAndDevelopmentExpense $11.40M USD 1 Quarter
Operating income OperatingIncomeLoss $65.60M USD 1 Quarter
Operating income OperatingIncomeLoss $77.50M USD 1 Quarter
Net interest expense InterestIncomeExpenseNet $-10.50M USD 1 Quarter
Net interest expense InterestIncomeExpenseNet $-600.00K USD 1 Quarter
Other expense OtherNonoperatingExpense $900.00K USD 1 Quarter
Other expense OtherNonoperatingExpense $1.20M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $63.80M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $66.10M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $11.50M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $9.70M USD 1 Quarter
Net income ProfitLoss $56.40M USD 1 Quarter
Net income ProfitLoss $52.30M USD 1 Quarter
Net income ProfitLoss $56.40M USD 1 Quarter
Net income ProfitLoss $52.30M USD 1 Quarter
Changes in cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $2.30M USD 1 Quarter
Changes in cumulative translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $3.00M USD 1 Quarter
Changes in market value of derivative financial instruments, net of tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-6.20M USD 1 Quarter
Changes in market value of derivative financial instruments, net of tax OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent $-700.00K USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $53.20M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $53.90M USD 1 Quarter
Basic pro forma earnings per ordinary share (in dollars per share) BasicEarningsPerShareProForma $0.32 USD 1 Quarter
Basic pro forma earnings per ordinary share (in dollars per share) BasicEarningsPerShareProForma $0.29 USD 1 Quarter
Diluted pro forma earnings per ordinary share (in dollars per share) DilutedEarningsPerShareProForma $0.29 USD 1 Quarter
Diluted pro forma earnings per ordinary share (in dollars per share) DilutedEarningsPerShareProForma $0.32 USD 1 Quarter
Basic (shares) WeightedAverageNumberOfSharesOutstandingBasic 176.50M shares 1 Quarter
Basic (shares) WeightedAverageNumberOfSharesOutstandingBasic 179.00M shares 1 Quarter
Diluted (shares) WeightedAverageNumberOfDilutedSharesOutstanding 181.20M shares 1 Quarter
Diluted (shares) WeightedAverageNumberOfDilutedSharesOutstanding 178.20M shares 1 Quarter
Cash dividends paid per ordinary share (in usd per share) CommonStockDividendsPerShareCashPaid $0.17 USD 1 Quarter
Cash dividends paid per ordinary share (in usd per share) CommonStockDividendsPerShareCashPaid - USD 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $56.40M USD 1 Quarter
Net income ProfitLoss $52.30M USD 1 Quarter
Depreciation Depreciation $9.20M USD 1 Quarter
Depreciation Depreciation $8.40M USD 1 Quarter
Amortization AmortizationOfIntangibleAssets $15.10M USD 1 Quarter
Amortization AmortizationOfIntangibleAssets $15.40M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-600.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxesAndTaxCredits $-2.10M USD 1 Quarter
Share-based compensation ShareBasedCompensation $2.40M USD 1 Quarter
Share-based compensation ShareBasedCompensation $4.30M USD 1 Quarter
Accounts and notes receivable IncreaseDecreaseInAccountsReceivable $1.50M USD 1 Quarter
Accounts and notes receivable IncreaseDecreaseInAccountsReceivable $1.30M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $-2.00M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $16.80M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $8.00M USD 1 Quarter
Other current assets IncreaseDecreaseInOtherCurrentAssets $8.80M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-40.80M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-34.60M USD 1 Quarter
Employee compensation and benefits IncreaseDecreaseInOtherEmployeeRelatedLiabilities $-11.20M USD 1 Quarter
Employee compensation and benefits IncreaseDecreaseInOtherEmployeeRelatedLiabilities $-16.50M USD 1 Quarter
Other current liabilities IncreaseDecreaseInOtherCurrentLiabilities $-2.50M USD 1 Quarter
Other current liabilities IncreaseDecreaseInOtherCurrentLiabilities $19.40M USD 1 Quarter
Other non-current assets and liabilities IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $3.60M USD 1 Quarter
Other non-current assets and liabilities IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet $13.60M USD 1 Quarter
Net cash provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $-13.10M USD 1 Quarter
Net cash provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $36.10M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $9.20M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $5.40M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $2.30M USD 1 Quarter
Proceeds from sale of property and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $6.00M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $2.00M USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $-5.10M USD 1 Quarter
Net cash provided by (used for) investing activities NetCashProvidedByUsedInInvestingActivities $-3.20M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt $800.00M USD 1 Quarter
Proceeds from long-term debt ProceedsFromIssuanceOfLongTermDebt - USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt - USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $2.50M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts $7.50M USD 1 Quarter
Debt issuance costs PaymentsOfDebtIssuanceCosts - USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $31.00M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock - USD 1 Quarter
Net transfers to former Parent prior to separation TransfersToParentNet $10.00M USD 1 Quarter
Net transfers to former Parent prior to separation TransfersToParentNet - USD 1 Quarter
Shares issued to employees, net of shares withheld ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $1.00M USD 1 Quarter
Shares issued to employees, net of shares withheld ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions - USD 1 Quarter
Repurchases of ordinary shares PaymentsForRepurchaseOfCommonStock $76.10M USD 1 Quarter
Repurchases of ordinary shares PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $-108.60M USD 1 Quarter
Net cash provided by (used for) financing activities NetCashProvidedByUsedInFinancingActivities $782.50M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-3.70M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-1.50M USD 1 Quarter
Change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $809.80M USD 1 Quarter
Change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-126.40M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $32.60M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $836.70M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $159.00M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $26.90M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $32.60M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $836.70M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $159.00M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $26.90M USD Point-in-time
Stockholders Equity 20 line items
Line Item Tag Value Unit Period
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.64B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.79B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.64B USD Point-in-time
Beginning balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.69B USD Point-in-time
Net income ProfitLoss $56.40M USD 1 Quarter
Net income ProfitLoss $52.30M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $-3.20M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $1.60M USD 1 Quarter
Dividends declared DividendsCommonStock $30.60M USD 1 Quarter
Share repurchases (in shares) StockRepurchasedDuringPeriodShares 3.00M shares 1 Quarter
Share repurchases StockRepurchasedDuringPeriodValue $79.90M USD 1 Quarter
Exercise of options, net of shares tendered for payment StockIssuedDuringPeriodValueStockOptionsExercised $3.60M USD 1 Quarter
Issuance of restricted shares, net of cancellations StockIssuedDuringPeriodSharesRestrictedStockAwardNetOfForfeitures 0.00 shares 1 Quarter
Shares surrendered by employees to pay taxes AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $2.60M USD 1 Quarter
Share-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $4.30M USD 1 Quarter
Net transfers from Former Parent StockholdersEquityNoteSpinoffTransactionNetTransfersFromParent $-32.30M USD 1 Quarter
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.64B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.79B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.64B USD Point-in-time
Ending balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.69B USD Point-in-time

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

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