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10-Q Filing

CHAMPIONX CORP CIK: 1723089 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001723089-19-000061
Period End Date 20190331
Filing Date 20190503
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance apy-20190331.xml
Balance Sheet 66 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $5.18M USD Point-in-time
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $4.32M USD Point-in-time
Par value of common stock (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $23.71M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $41.83M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $28.35M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $17.12M USD Point-in-time
Par value of common stock (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 2.50B shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 2.50B shares Point-in-time
Receivables, net of allowances of $4,321 in 2019 and $5,178 in 2018 AccountsReceivableNetCurrent $249.95M USD Point-in-time
Receivables, net of allowances of $4,321 in 2019 and $5,178 in 2018 AccountsReceivableNetCurrent $258.65M USD Point-in-time
Inventories, net InventoryNet $218.32M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 77.40M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 77.40M shares Point-in-time
Inventories, net InventoryNet $232.93M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 77.40M shares Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $20.21M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $17.86M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 77.40M shares Point-in-time
Total current assets AssetsCurrent $537.80M USD Point-in-time
Total current assets AssetsCurrent $530.31M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $244.89M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $244.33M USD Point-in-time
Goodwill Goodwill $905.25M USD Point-in-time
Goodwill Goodwill $904.99M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $283.69M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $270.74M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $8.45M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $29.93M USD Point-in-time
Total assets Assets $1.97B USD Point-in-time
Total assets Assets $1.99B USD Point-in-time
Accounts payable AccountsPayableCurrent $131.06M USD Point-in-time
Accounts payable AccountsPayableCurrent $124.10M USD Point-in-time
Accrued compensation and employee benefits EmployeeRelatedLiabilitiesCurrent $40.55M USD Point-in-time
Accrued compensation and employee benefits EmployeeRelatedLiabilitiesCurrent $28.88M USD Point-in-time
Accrued expenses and other current liabilities OtherLiabilitiesCurrent $30.39M USD Point-in-time
Accrued expenses and other current liabilities OtherLiabilitiesCurrent $59.29M USD Point-in-time
Total current liabilities LiabilitiesCurrent $212.27M USD Point-in-time
Total current liabilities LiabilitiesCurrent $202.00M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $666.11M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $637.65M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $96.47M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $101.72M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $20.40M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $37.02M USD Point-in-time
Total liabilities Liabilities $990.23M USD Point-in-time
Total liabilities Liabilities $983.41M USD Point-in-time
Common stock (2.5 billion shares authorized, $0.01 par value) 77.4 million shares issued and outstanding in 2019 and 2018 CommonStockValue $774.00K USD Point-in-time
Common stock (2.5 billion shares authorized, $0.01 par value) 77.4 million shares issued and outstanding in 2019 and 2018 CommonStockValue $774.00K USD Point-in-time
Capital in excess of par value of common stock AdditionalPaidInCapitalCommonStock $966.94M USD Point-in-time
Capital in excess of par value of common stock AdditionalPaidInCapitalCommonStock $965.37M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $76.45M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $55.83M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-42.91M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-41.72M USD Point-in-time
Total stockholders equity StockholdersEquity $1.00B USD Point-in-time
Total stockholders equity StockholdersEquity $979.07M USD Point-in-time
Noncontrolling interest MinorityInterest $2.75M USD Point-in-time
Noncontrolling interest MinorityInterest $2.46M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.66B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $981.53M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.01B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.64B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.99B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $1.97B USD Point-in-time
Income Statement 32 line items
Line Item Tag Value Unit Period
Lease and other revenue OperatingLeasesIncomeStatementLeaseRevenue $10.17M USD 1 Quarter
Lease and other revenue OperatingLeasesIncomeStatementLeaseRevenue $11.64M USD 1 Quarter
Total revenue Revenues $283.13M USD 1 Quarter
Total revenue Revenues $301.69M USD 1 Quarter
Cost of goods and services CostOfGoodsAndServicesSold $189.51M USD 1 Quarter
Cost of goods and services CostOfGoodsAndServicesSold $196.14M USD 1 Quarter
Gross profit GrossProfit $93.61M USD 1 Quarter
Gross profit GrossProfit $105.55M USD 1 Quarter
Selling, general and administrative expense SellingGeneralAndAdministrativeExpense $59.74M USD 1 Quarter
Selling, general and administrative expense SellingGeneralAndAdministrativeExpense $65.35M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-10.47M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-166.00K USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-1.09M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-2.45M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $28.64M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $31.26M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $6.07M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $7.06M USD 1 Quarter
Net income ProfitLoss $22.57M USD 1 Quarter
Net income ProfitLoss $24.19M USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $282.00K USD 1 Quarter
Net income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $142.00K USD 1 Quarter
Net income attributable to Apergy NetIncomeLoss $22.29M USD 1 Quarter
Net income attributable to Apergy NetIncomeLoss $24.05M USD 1 Quarter
Earnings per share, basic EarningsPerShareBasic $0.31 USD 1 Quarter
Earnings per share, basic EarningsPerShareBasic $0.29 USD 1 Quarter
Earnings per share, diluted EarningsPerShareDiluted $0.31 USD 1 Quarter
Earnings per share, diluted EarningsPerShareDiluted $0.29 USD 1 Quarter
Weighted-average number of shares outstanding, basic WeightedAverageNumberOfSharesOutstandingBasic 77.36M shares 1 Quarter
Weighted-average number of shares outstanding, basic WeightedAverageNumberOfSharesOutstandingBasic 77.34M shares 1 Quarter
Weighted-average number of shares outstanding, diluted WeightedAverageNumberOfDilutedSharesOutstanding 77.89M shares 1 Quarter
Weighted-average number of shares outstanding, diluted WeightedAverageNumberOfDilutedSharesOutstanding 77.64M shares 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $22.57M USD 1 Quarter
Net income ProfitLoss $24.19M USD 1 Quarter
Depreciation Depreciation $17.08M USD 1 Quarter
Depreciation Depreciation $16.97M USD 1 Quarter
Amortization AdjustmentForAmortization $12.66M USD 1 Quarter
Amortization AdjustmentForAmortization $12.84M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $2.29M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $510.00K USD 1 Quarter
Impairment of held-for-sale assets ImpairmentOfLongLivedAssetsToBeDisposedOf $1.75M USD 1 Quarter
Impairment of held-for-sale assets ImpairmentOfLongLivedAssetsToBeDisposedOf - USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-5.37M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-4.28M USD 1 Quarter
Employee benefit plan expense PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash $770.00K USD 1 Quarter
Employee benefit plan expense PensionAndOtherPostretirementBenefitsExpenseReversalOfExpenseNoncash $844.00K USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $674.00K USD 1 Quarter
Other OtherOperatingActivitiesCashFlowStatement $426.00K USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $8.46M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $25.39M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $2.23M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $9.70M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $-4.10M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.76M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $9.45M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-6.28M USD 1 Quarter
Accrued compensation and employee benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-7.04M USD 1 Quarter
Accrued compensation and employee benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-12.83M USD 1 Quarter
Accrued expenses and other current liabilities IncreaseDecreaseInAccruedLiabilities $4.46M USD 1 Quarter
Accrued expenses and other current liabilities IncreaseDecreaseInAccruedLiabilities $13.85M USD 1 Quarter
Leased assets and other IncreaseDecreaseInOtherOperatingCapitalNet $13.77M USD 1 Quarter
Leased assets and other IncreaseDecreaseInOtherOperatingCapitalNet $20.84M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $19.91M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $7.57M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $9.72M USD 1 Quarter
Capital expenditures PaymentsToAcquirePropertyPlantAndEquipment $12.85M USD 1 Quarter
Proceeds from sale of fixed assets ProceedsFromSaleOfPropertyPlantAndEquipment $2.48M USD 1 Quarter
Proceeds from sale of fixed assets ProceedsFromSaleOfPropertyPlantAndEquipment $205.00K USD 1 Quarter
Purchase price adjustments on acquisition PaymentsForProceedsFromOtherInvestingActivities $-53.00K USD 1 Quarter
Purchase price adjustments on acquisition PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Net cash required by investing activities NetCashProvidedByUsedInInvestingActivities $-7.24M USD 1 Quarter
Net cash required by investing activities NetCashProvidedByUsedInInvestingActivities $-12.59M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt $25.00M USD 1 Quarter
Repayments of long-term debt RepaymentsOfLongTermDebt - USD 1 Quarter
Distributions to Dover Corporation, net NetTransfersToParent - USD 1 Quarter
Distributions to Dover Corporation, net NetTransfersToParent $-814.00K USD 1 Quarter
Payment of finance lease obligations RepaymentsOfLongTermCapitalLeaseObligations $1.23M USD 1 Quarter
Payment of finance lease obligations RepaymentsOfLongTermCapitalLeaseObligations $1.05M USD 1 Quarter
Net cash required by financing activities NetCashProvidedByUsedInFinancingActivities $-26.23M USD 1 Quarter
Net cash required by financing activities NetCashProvidedByUsedInFinancingActivities $-1.86M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $89.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $302.00K USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-13.48M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-6.59M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $23.71M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $41.83M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $28.35M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $17.12M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $23.71M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $41.83M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $28.35M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $17.12M USD Point-in-time
Stockholders Equity 16 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.66B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $981.53M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.01B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.64B USD Point-in-time
Net income ProfitLoss $22.57M USD 1 Quarter
Net income ProfitLoss $24.19M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-1.64M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $1.19M USD 1 Quarter
Net transfer to Dover NetTransfertofromParentCompany $1.64M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.29M USD 1 Quarter
Taxes withheld on issuance of stock-based awards AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation $719.00K USD 1 Quarter
Other StockholdersEquityOther $-14.00K USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.66B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $981.53M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.01B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.64B USD Point-in-time
Comprehensive Income 24 line items
Line Item Tag Value Unit Period
Foreign currency translation adjustments, tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax - USD 1 Quarter
Foreign currency translation adjustments, tax OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax - USD 1 Quarter
Pension and other post-retirement benefit plans, tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $16.00K USD 1 Quarter
Pension and other post-retirement benefit plans, tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $38.00K USD 1 Quarter
Net income ProfitLoss $22.57M USD 1 Quarter
Net income ProfitLoss $24.19M USD 1 Quarter
Foreign currency translation adjustments (1) OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-1.69M USD 1 Quarter
Foreign currency translation adjustments (1) OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $1.09M USD 1 Quarter
Net actuarial loss arising during period OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $-323.00K USD 1 Quarter
Net actuarial loss arising during period OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax - USD 1 Quarter
Reclassification adjustment for net actuarial loss included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-49.00K USD 1 Quarter
Reclassification adjustment for net actuarial loss included in net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-67.00K USD 1 Quarter
Reclassification adjustment for settlement losses included in net income OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax - USD 1 Quarter
Reclassification adjustment for settlement losses included in net income OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationNetOfTax $355.00K USD 1 Quarter
Total pension and other post-retirement benefit plans (2) OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-99.00K USD 1 Quarter
Total pension and other post-retirement benefit plans (2) OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-49.00K USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-1.64M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $1.19M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $22.55M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $23.76M USD 1 Quarter
Comprehensive income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $282.00K USD 1 Quarter
Comprehensive income attributable to noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $142.00K USD 1 Quarter
Comprehensive income attributable to Apergy ComprehensiveIncomeNetOfTax $23.48M USD 1 Quarter
Comprehensive income attributable to Apergy ComprehensiveIncomeNetOfTax $22.41M USD 1 Quarter

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

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