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10-Q Filing

CHAMPIONX CORP CIK: 1723089 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001723089-18-000008
Period End Date 20180331
Filing Date 20180604
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance apy-20180331.xml
Balance Sheet 50 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $17.12M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $26.03M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $26.56M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $23.71M USD Point-in-time
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $4.75M USD Point-in-time
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $5.01M USD Point-in-time
Receivables, net of allowances of $5,011 in 2018 and $4,753 in 2017 AccountsReceivableNetCurrent $227.47M USD Point-in-time
Receivables, net of allowances of $5,011 in 2018 and $4,753 in 2017 AccountsReceivableNetCurrent $202.02M USD Point-in-time
Inventories, net InventoryNet $210.94M USD Point-in-time
Inventories, net InventoryNet $201.59M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $16.49M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $14.04M USD Point-in-time
Total current assets AssetsCurrent $441.37M USD Point-in-time
Total current assets AssetsCurrent $472.03M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $220.06M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $211.83M USD Point-in-time
Goodwill Goodwill $910.09M USD Point-in-time
Goodwill Goodwill $909.04M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $325.44M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $338.51M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $3.58M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $2.98M USD Point-in-time
Total assets Assets $1.93B USD Point-in-time
Total assets Assets $1.90B USD Point-in-time
Accounts payable AccountsPayableCurrent $98.83M USD Point-in-time
Accounts payable AccountsPayableCurrent $108.08M USD Point-in-time
Accrued compensation and employee benefits EmployeeRelatedLiabilitiesCurrent $30.29M USD Point-in-time
Accrued compensation and employee benefits EmployeeRelatedLiabilitiesCurrent $24.16M USD Point-in-time
Accrued expenses and other current liabilities OtherLiabilitiesCurrent $21.95M USD Point-in-time
Accrued expenses and other current liabilities OtherLiabilitiesCurrent $26.77M USD Point-in-time
Total current liabilities LiabilitiesCurrent $159.02M USD Point-in-time
Total current liabilities LiabilitiesCurrent $151.06M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $96.98M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $92.92M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $16.69M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $16.77M USD Point-in-time
Total liabilities Liabilities $264.74M USD Point-in-time
Total liabilities Liabilities $268.71M USD Point-in-time
Net parent investment in Apergy RetainedEarningsAccumulatedDeficit $1.69B USD Point-in-time
Net parent investment in Apergy RetainedEarningsAccumulatedDeficit $1.66B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-29.37M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-26.41M USD Point-in-time
Total StockholdersEquity $1.66B USD Point-in-time
Total StockholdersEquity $1.64B USD Point-in-time
Noncontrolling interest MinorityInterest $4.89M USD Point-in-time
Noncontrolling interest MinorityInterest $4.75M USD Point-in-time
Total net investment StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.64B USD Point-in-time
Total net investment StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.66B USD Point-in-time
Total liabilities and net investment LiabilitiesAndStockholdersEquity $1.90B USD Point-in-time
Total liabilities and net investment LiabilitiesAndStockholdersEquity $1.93B USD Point-in-time
Income Statement 28 line items
Line Item Tag Value Unit Period
Product revenue SalesRevenueGoodsNet $253.38M USD 1 Quarter
Product revenue SalesRevenueGoodsNet $209.68M USD 1 Quarter
Service revenue SalesRevenueServicesNet $19.86M USD 1 Quarter
Service revenue SalesRevenueServicesNet $14.87M USD 1 Quarter
Lease and other revenue OtherSalesRevenueNet $5.73M USD 1 Quarter
Lease and other revenue OtherSalesRevenueNet $10.68M USD 1 Quarter
Total revenue Revenues $283.92M USD 1 Quarter
Total revenue Revenues $230.28M USD 1 Quarter
Cost of goods and services CostOfGoodsAndServicesSold $154.92M USD 1 Quarter
Cost of goods and services CostOfGoodsAndServicesSold $189.66M USD 1 Quarter
Gross profit GrossProfit $75.36M USD 1 Quarter
Gross profit GrossProfit $94.26M USD 1 Quarter
Selling, general and administrative expense SellingGeneralAndAdministrativeExpense $59.74M USD 1 Quarter
Selling, general and administrative expense SellingGeneralAndAdministrativeExpense $52.64M USD 1 Quarter
Operating income OperatingIncomeLoss $22.72M USD 1 Quarter
Operating income OperatingIncomeLoss $34.52M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-2.62M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-2.93M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $31.91M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $19.79M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $6.21M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $7.22M USD 1 Quarter
Net income attributable to noncontrolling interest ProfitLoss $24.68M USD 1 Quarter
Net income attributable to noncontrolling interest ProfitLoss $13.59M USD 1 Quarter
Net income attributable to Apergy NetIncomeLossAttributableToNoncontrollingInterest $142.00K USD 1 Quarter
Net income attributable to Apergy NetIncomeLossAttributableToNoncontrollingInterest $317.00K USD 1 Quarter
Net income NetIncomeLoss $24.54M USD 1 Quarter
Net income NetIncomeLoss $13.27M USD 1 Quarter
Cash Flow Statement 54 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $24.68M USD 1 Quarter
Net income ProfitLoss $13.59M USD 1 Quarter
Depreciation Depreciation $16.97M USD 1 Quarter
Depreciation Depreciation $13.14M USD 1 Quarter
Amortization AdjustmentForAmortization $12.66M USD 1 Quarter
Amortization AdjustmentForAmortization $13.41M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $601.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $510.00K USD 1 Quarter
(Gain) loss on sale of fixed assets GainLossOnDispositionOfAssets $31.00K USD 1 Quarter
(Gain) loss on sale of fixed assets GainLossOnDispositionOfAssets $-242.00K USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-6.79M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-4.28M USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $-142.00K USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $-317.00K USD 1 Quarter
Receivables, net IncreaseDecreaseInAccountsReceivable $17.28M USD 1 Quarter
Receivables, net IncreaseDecreaseInAccountsReceivable $25.39M USD 1 Quarter
Inventories, net IncreaseDecreaseInInventories $10.32M USD 1 Quarter
Inventories, net IncreaseDecreaseInInventories $9.55M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.46M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.55M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $19.24M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $9.45M USD 1 Quarter
Accrued compensation and employee benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-6.20M USD 1 Quarter
Accrued compensation and employee benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-3.03M USD 1 Quarter
Accrued expenses and other current liabilities IncreaseDecreaseInAccruedLiabilities $4.72M USD 1 Quarter
Accrued expenses and other current liabilities IncreaseDecreaseInAccruedLiabilities $1.61M USD 1 Quarter
Leased assets and other, net IncreaseDecreaseInOtherOperatingCapitalNet $13.77M USD 1 Quarter
Leased assets and other, net IncreaseDecreaseInOtherOperatingCapitalNet $2.96M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $7.35M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $19.40M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $6.26M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $13.68M USD 1 Quarter
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $205.00K USD 1 Quarter
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $678.00K USD 1 Quarter
Purchase price adjustments on acquisition PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Purchase price adjustments on acquisition PaymentsForProceedsFromOtherInvestingActivities $-53.00K USD 1 Quarter
Net cash required by investing activities NetCashProvidedByUsedInInvestingActivities $-5.58M USD 1 Quarter
Net cash required by investing activities NetCashProvidedByUsedInInvestingActivities $-13.43M USD 1 Quarter
Net transfers to parent company Nettransferstoparent $-13.92M USD 1 Quarter
Net transfers to parent company Nettransferstoparent $-814.00K USD 1 Quarter
Net cash required by financing activities NetCashProvidedByUsedInFinancingActivities $-13.92M USD 1 Quarter
Net cash required by financing activities NetCashProvidedByUsedInFinancingActivities $-814.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $302.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $638.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $535.00K USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-6.59M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $17.12M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $26.03M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $26.56M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $23.71M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $17.12M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $26.03M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $26.56M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $23.71M USD Point-in-time
Stockholders Equity 12 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.64B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.66B USD Point-in-time
Net income ProfitLoss $24.68M USD 1 Quarter
Net income ProfitLoss $13.59M USD 1 Quarter
Net income attributable to Apergy NetIncomeLossAttributableToNoncontrollingInterest $142.00K USD 1 Quarter
Net income attributable to Apergy NetIncomeLossAttributableToNoncontrollingInterest $317.00K USD 1 Quarter
Cumulative effect of accounting changes (Note 2) NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification - USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $-1.64M USD 1 Quarter
Other comprehensive loss OtherComprehensiveIncomeLossNetOfTax $1.77M USD 1 Quarter
Net transfer to parent company (Note 3) NetTransfertoParentCompany $1.64M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.64B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.66B USD Point-in-time
Comprehensive Income 4 line items
Line Item Tag Value Unit Period
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax - USD 1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Translation Adjustment, Tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax - USD 1 Quarter
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $16.00K USD 1 Quarter
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $24.00K USD 1 Quarter

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

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