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10-Q Filing

DOVER CORP CIK: 29905 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0000029905-17-000017
Period End Date 20170331
Filing Date 20170420
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance dov-20170331.xml
Balance Sheet 48 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $349.15M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $243.72M USD Point-in-time
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $27.18M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $362.19M USD Point-in-time
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $22.02M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $415.53M USD Point-in-time
Receivables, net of allowances AccountsReceivableNetCurrent $1.27B USD Point-in-time
Receivables, net of allowances AccountsReceivableNetCurrent $1.30B USD Point-in-time
Inventories, net InventoryNet $870.49M USD Point-in-time
Inventories, net InventoryNet $942.18M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $104.36M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $104.79M USD Point-in-time
Total current assets AssetsCurrent $2.59B USD Point-in-time
Total current assets AssetsCurrent $2.76B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $945.67M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $946.38M USD Point-in-time
Goodwill Goodwill $4.56B USD Point-in-time
Goodwill Goodwill $4.51B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.80B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.78B USD Point-in-time
Other assets and deferred charges OtherAssetsNoncurrent $215.53M USD Point-in-time
Other assets and deferred charges OtherAssetsNoncurrent $239.19M USD Point-in-time
Total assets Assets $10.12B USD Point-in-time
Total assets Assets $10.24B USD Point-in-time
Notes payable and current maturities of long-term debt DebtCurrent $748.43M USD Point-in-time
Notes payable and current maturities of long-term debt DebtCurrent $414.55M USD Point-in-time
Accounts payable AccountsPayableCurrent $830.32M USD Point-in-time
Accounts payable AccountsPayableCurrent $880.75M USD Point-in-time
Accrued compensation and employee benefits EmployeeRelatedLiabilitiesCurrent $226.44M USD Point-in-time
Accrued compensation and employee benefits EmployeeRelatedLiabilitiesCurrent $189.66M USD Point-in-time
Accrued insurance AccruedInsuranceCurrent $103.23M USD Point-in-time
Accrued insurance AccruedInsuranceCurrent $96.06M USD Point-in-time
Other accrued expenses OtherLiabilitiesCurrent $320.56M USD Point-in-time
Other accrued expenses OtherLiabilitiesCurrent $332.60M USD Point-in-time
Federal and other income taxes AccruedIncomeTaxesCurrent $76.57M USD Point-in-time
Federal and other income taxes AccruedIncomeTaxesCurrent $40.35M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.32B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.94B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.89B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $3.21B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $643.36M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $710.17M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $459.12M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $434.37M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.80B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.95B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $10.12B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $10.24B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Revenue SalesRevenueNet $1.62B USD 1 Quarter
Revenue SalesRevenueNet $1.81B USD 1 Quarter
Cost of goods and services CostOfGoodsAndServicesSold $1.15B USD 1 Quarter
Cost of goods and services CostOfGoodsAndServicesSold $1.03B USD 1 Quarter
Gross profit GrossProfit $661.17M USD 1 Quarter
Gross profit GrossProfit $589.26M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $485.29M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $443.45M USD 1 Quarter
Operating earnings OperatingIncomeLoss $145.82M USD 1 Quarter
Operating earnings OperatingIncomeLoss $175.88M USD 1 Quarter
Interest Expense InterestExpense $36.41M USD 1 Quarter
Interest Expense InterestExpense $33.32M USD 1 Quarter
Interest Income InterestIncomeOther $2.58M USD 1 Quarter
Interest Income InterestIncomeOther $1.60M USD 1 Quarter
Gain on sale of businesses BusinessCombinationBargainPurchaseGainRecognizedAmount $90.09M USD 1 Quarter
Gain on sale of businesses BusinessCombinationBargainPurchaseGainRecognizedAmount $11.23M USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $-176.00K USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $2.29M USD 1 Quarter
Earnings before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $127.62M USD 1 Quarter
Earnings before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $231.97M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $28.27M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $59.73M USD 1 Quarter
Net earnings NetIncomeLoss $172.25M USD 1 Quarter
Net earnings NetIncomeLoss $99.36M USD 1 Quarter
Net earnings (in dollars per basic share) EarningsPerShareBasic $0.64 USD 1 Quarter
Net earnings (in dollars per basic share) EarningsPerShareBasic $1.11 USD 1 Quarter
Net earnings (in dollars per diluted share) EarningsPerShareDiluted $0.64 USD 1 Quarter
Net earnings (in dollars per diluted share) EarningsPerShareDiluted $1.09 USD 1 Quarter
Weighted average shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 155.54M shares 1 Quarter
Weighted average shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 155.06M shares 1 Quarter
Weighted average shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 157.40M shares 1 Quarter
Weighted average shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 156.16M shares 1 Quarter
Dividends paid per common share (in dollars per share) CommonStockDividendsPerShareCashPaid $0.42 USD 1 Quarter
Dividends paid per common share (in dollars per share) CommonStockDividendsPerShareCashPaid $0.44 USD 1 Quarter
Cash Flow Statement 60 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $172.25M USD 1 Quarter
Net earnings NetIncomeLoss $99.36M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $88.60M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $95.60M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $11.39M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $12.80M USD 1 Quarter
Gain on sale of businesses BusinessCombinationBargainPurchaseGainRecognizedAmount $90.09M USD 1 Quarter
Gain on sale of businesses BusinessCombinationBargainPurchaseGainRecognizedAmount $11.23M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $23.21M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $-20.10M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $75.48M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $29.48M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $8.19M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.52M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-14.30M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $43.83M USD 1 Quarter
Accrued compensation and employee benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-42.19M USD 1 Quarter
Accrued compensation and employee benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-65.89M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $3.20M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $-41.78M USD 1 Quarter
Accrued and deferred taxes, net IncreaseDecreaseInAccruedIncomeTaxesPayable $41.57M USD 1 Quarter
Accrued and deferred taxes, net IncreaseDecreaseInAccruedIncomeTaxesPayable $45.65M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $7.04M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $12.48M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $133.41M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $78.07M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $37.23M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $42.26M USD 1 Quarter
Acquisitions, net of cash and cash equivalents acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Acquisitions, net of cash and cash equivalents acquired PaymentsToAcquireBusinessesNetOfCashAcquired $436.06M USD 1 Quarter
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.27M USD 1 Quarter
Proceeds from sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $619.00K USD 1 Quarter
Proceeds from sale of businesses ProceedsFromDivestitureOfBusinesses $47.30M USD 1 Quarter
Proceeds from sale of businesses ProceedsFromDivestitureOfBusinesses $120.40M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-2.37M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $488.00K USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $81.78M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-425.86M USD 1 Quarter
Proceeds and Excess Tax Benefits from Share-based Compensation ProceedsAndExcessTaxBenefitFromSharebasedCompensation $2.18M USD 1 Quarter
Proceeds and Excess Tax Benefits from Share-based Compensation ProceedsAndExcessTaxBenefitFromSharebasedCompensation - USD 1 Quarter
Change in commercial paper and notes payable ProceedsFromRepaymentsOfCommercialPaper $-15.90M USD 1 Quarter
Change in commercial paper and notes payable ProceedsFromRepaymentsOfCommercialPaper $247.10M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividendsCommonStock $65.94M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividendsCommonStock $68.52M USD 1 Quarter
Payments to settle employee tax obligations on exercise of share-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $4.83M USD 1 Quarter
Payments to settle employee tax obligations on exercise of share-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $8.88M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $178.51M USD 1 Quarter
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-93.29M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-174.00K USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-4.53M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $66.38M USD 1 Quarter
Net increase (decrease) in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-118.47M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $349.15M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $243.72M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $362.19M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $415.53M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $349.15M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $243.72M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $362.19M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $415.53M USD Point-in-time
Stockholders Equity 19 line items
Line Item Tag Value Unit Period
Preferred stock, par value per share PreferredStockParOrStatedValuePerShare $100.00 USD Point-in-time
Preferred stock, par value per share PreferredStockParOrStatedValuePerShare $100.00 USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 100,000.00 shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 100,000.00 shares 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
Common stock, par value per share CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Common stock, par value per share CommonStockParOrStatedValuePerShare $1.00 USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.80B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.95B USD Point-in-time
Net earnings NetIncomeLoss $172.25M USD 1 Quarter
Net earnings NetIncomeLoss $99.36M USD 1 Quarter
Dividends paid DividendsCommonStockCash $68.52M USD 1 Quarter
Common stock issued for the exercise of share-based awards StockIssuedDuringPeriodValueShareBasedCompensationGross $-8.88M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $12.80M USD 1 Quarter
Other comprehensive earnings, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $12.96M USD 1 Quarter
Other comprehensive earnings, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $46.01M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.80B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.95B USD Point-in-time
Comprehensive Income 28 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $172.25M USD 1 Quarter
Net earnings NetIncomeLoss $99.36M USD 1 Quarter
Foreign currency translation gains during period OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $39.90M USD 1 Quarter
Foreign currency translation gains during period OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $8.77M USD 1 Quarter
Reclassification of foreign currency translation losses to earnings upon sale of subsidiaries OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax - USD 1 Quarter
Reclassification of foreign currency translation losses to earnings upon sale of subsidiaries OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax $3.88M USD 1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax $-3.88M USD 1 Quarter
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationBeforeTax - USD 1 Quarter
Total foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $8.77M USD 1 Quarter
Total foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $43.77M USD 1 Quarter
Amortization of actuarial losses included in net periodic pension cost OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-1.34M USD 1 Quarter
Amortization of actuarial losses included in net periodic pension cost OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-1.41M USD 1 Quarter
Amortization of prior service cost included in net periodic pension cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $1.04M USD 1 Quarter
Amortization of prior service cost included in net periodic pension cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $702.00K USD 1 Quarter
Total pension and other postretirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-2.45M USD 1 Quarter
Total pension and other postretirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-2.04M USD 1 Quarter
Unrealized net gains (losses) arising during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $78.00K USD 1 Quarter
Unrealized net gains (losses) arising during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-49.00K USD 1 Quarter
Net losses reclassified into earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $217.00K USD 1 Quarter
Net losses reclassified into earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $47.00K USD 1 Quarter
Total cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-139.00K USD 1 Quarter
Total cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-96.00K USD 1 Quarter
Other OtherComprehensiveIncomeLossOtherAdjustmentNetOfTax $337.00K USD 1 Quarter
Other OtherComprehensiveIncomeLossOtherAdjustmentNetOfTax $1.84M USD 1 Quarter
Other comprehensive earnings OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $12.96M USD 1 Quarter
Other comprehensive earnings OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $46.01M USD 1 Quarter
Comprehensive earnings ComprehensiveIncomeNetOfTax $218.26M USD 1 Quarter
Comprehensive earnings ComprehensiveIncomeNetOfTax $112.32M USD 1 Quarter

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

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