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10-Q Filing

DOVER CORP CIK: 29905 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0000029905-18-000026
Period End Date 20180331
Filing Date 20180427
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance dov-20180331.xml
Balance Sheet 50 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $349.15M USD Point-in-time
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $39.75M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $753.96M USD Point-in-time
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $39.23M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $367.22M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $415.53M USD Point-in-time
Receivables, net of allowances AccountsReceivableNetCurrent $1.39B USD Point-in-time
Receivables, net of allowances AccountsReceivableNetCurrent $1.41B USD Point-in-time
Inventories InventoryNet $972.89M USD Point-in-time
Inventories InventoryNet $878.63M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $188.95M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $196.94M USD Point-in-time
Total current assets AssetsCurrent $2.95B USD Point-in-time
Total current assets AssetsCurrent $3.21B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $999.77M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.03B USD Point-in-time
Goodwill Goodwill $4.68B USD Point-in-time
Goodwill Goodwill $4.59B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.61B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.61B USD Point-in-time
Other assets and deferred charges OtherAssetsNoncurrent $267.73M USD Point-in-time
Other assets and deferred charges OtherAssetsNoncurrent $248.92M USD Point-in-time
Total assets Assets $10.54B USD Point-in-time
Total assets Assets $10.66B USD Point-in-time
Notes payable and current maturities of long-term debt DebtCurrent $426.25M USD Point-in-time
Notes payable and current maturities of long-term debt DebtCurrent $581.10M USD Point-in-time
Accounts payable AccountsPayableCurrent $997.70M USD Point-in-time
Accounts payable AccountsPayableCurrent $979.45M USD Point-in-time
Accrued compensation and employee benefits EmployeeRelatedLiabilitiesCurrent $258.39M USD Point-in-time
Accrued compensation and employee benefits EmployeeRelatedLiabilitiesCurrent $201.44M USD Point-in-time
Accrued insurance AccruedInsuranceCurrent $103.58M USD Point-in-time
Accrued insurance AccruedInsuranceCurrent $101.91M USD Point-in-time
Other accrued expenses OtherLiabilitiesCurrent $326.66M USD Point-in-time
Other accrued expenses OtherLiabilitiesCurrent $356.10M USD Point-in-time
Federal and other income taxes AccruedIncomeTaxesCurrent $21.24M USD Point-in-time
Federal and other income taxes AccruedIncomeTaxesCurrent $24.95M USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.30B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.08B USD Point-in-time
Long-term Debt LongTermDebtNoncurrent $3.03B USD Point-in-time
Long-term Debt LongTermDebtNoncurrent $2.99B USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $438.84M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $438.02M USD Point-in-time
Noncurrent income tax payable AccruedIncomeTaxesNoncurrent $108.50M USD Point-in-time
Noncurrent income tax payable AccruedIncomeTaxesNoncurrent $98.95M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $442.24M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $447.86M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.45B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.38B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $10.66B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $10.54B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Revenue SalesRevenueNet $1.92B 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 $1.21B USD 1 Quarter
Gross profit GrossProfit $708.94M USD 1 Quarter
Gross profit GrossProfit $661.17M USD 1 Quarter
Selling, General and Administrative Expense SellingGeneralAndAdministrativeExpense $514.15M USD 1 Quarter
Selling, General and Administrative Expense SellingGeneralAndAdministrativeExpense $486.26M USD 1 Quarter
Operating earnings OperatingIncomeLoss $194.79M USD 1 Quarter
Operating earnings OperatingIncomeLoss $174.91M USD 1 Quarter
Interest Expense InterestExpense $36.41M USD 1 Quarter
Interest Expense InterestExpense $35.81M USD 1 Quarter
Interest Income InterestIncomeOther $2.06M USD 1 Quarter
Interest Income InterestIncomeOther $2.58M USD 1 Quarter
Gain on sale of businesses GainLossOnSaleOfBusiness - USD 1 Quarter
Gain on sale of businesses GainLossOnSaleOfBusiness $90.09M USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $-286.00K USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $794.00K USD 1 Quarter
Earnings before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $160.76M USD 1 Quarter
Earnings before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $231.97M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $59.73M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $29.32M USD 1 Quarter
Net earnings NetIncomeLoss $172.25M USD 1 Quarter
Net earnings NetIncomeLoss $131.44M USD 1 Quarter
Net earnings (in dollars per basic share) EarningsPerShareBasic $1.11 USD 1 Quarter
Net earnings (in dollars per basic share) EarningsPerShareBasic $0.85 USD 1 Quarter
Net earnings (in dollars per diluted share) EarningsPerShareDiluted $0.84 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 154.52M shares 1 Quarter
Weighted average shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 157.40M shares 1 Quarter
Weighted average shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 157.09M shares 1 Quarter
Dividends paid per common share (in dollars per share) CommonStockDividendsPerShareCashPaid $0.47 USD 1 Quarter
Dividends paid per common share (in dollars per share) CommonStockDividendsPerShareCashPaid $0.44 USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $172.25M USD 1 Quarter
Net earnings NetIncomeLoss $131.44M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $98.02M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $95.60M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $12.80M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $7.31M USD 1 Quarter
Gain on sale of businesses GainLossOnSaleOfBusiness - USD 1 Quarter
Gain on sale of businesses GainLossOnSaleOfBusiness $90.09M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $23.21M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $2.61M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $75.61M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $73.11M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $8.19M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $17.33M USD 1 Quarter
Accounts Payable IncreaseDecreaseInAccountsPayable $43.83M USD 1 Quarter
Accounts Payable IncreaseDecreaseInAccountsPayable $3.25M USD 1 Quarter
Accrued compensation and employee benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-67.95M USD 1 Quarter
Accrued compensation and employee benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-42.19M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $-41.78M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $-31.50M USD 1 Quarter
Accrued and deferred taxes, net IncreaseDecreaseInAccruedIncomeTaxesPayable $41.57M USD 1 Quarter
Accrued and deferred taxes, net IncreaseDecreaseInAccruedIncomeTaxesPayable $-52.00K USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $6.07M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $12.28M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $35.20M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $78.93M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $58.36M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $43.11M USD 1 Quarter
Acquisitions, net of cash and cash equivalents acquired PaymentsToAcquireBusinessesNetOfCashAcquired $68.39M USD 1 Quarter
Acquisitions, net of cash and cash equivalents acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Proceeds from sale of property, plant, and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $2.37M USD 1 Quarter
Proceeds from sale of property, plant, and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.27M USD 1 Quarter
Proceeds from sale of businesses ProceedsFromDivestitureOfBusinesses $2.07M USD 1 Quarter
Proceeds from sale of businesses ProceedsFromDivestitureOfBusinesses $120.40M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-2.37M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $13.71M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-136.02M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $80.92M USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock $44.98M USD 1 Quarter
Purchase of common stock PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Change in commercial paper and notes payable ProceedsFromRepaymentsOfCommercialPaper $-15.90M USD 1 Quarter
Change in commercial paper and notes payable ProceedsFromRepaymentsOfCommercialPaper $195.07M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividendsCommonStock $72.69M 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 $14.94M USD 1 Quarter
Payments to settle employee tax obligations on exercise of share-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $8.88M USD 1 Quarter
Repayments of Long-term Debt RepaymentsOfLongTermDebt - USD 1 Quarter
Repayments of Long-term Debt RepaymentsOfLongTermDebt $350.00M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-1.56M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities - USD 1 Quarter
Net cash used in by financing activities NetCashProvidedByUsedInFinancingActivities $-289.10M USD 1 Quarter
Net cash used in by financing activities NetCashProvidedByUsedInFinancingActivities $-93.29M USD 1 Quarter
Effect of Exchange Rate on Cash and Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-174.00K USD 1 Quarter
Effect of Exchange Rate on Cash and Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents $3.19M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $66.38M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-386.74M 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 $753.96M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $367.22M 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 $753.96M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $367.22M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $415.53M USD Point-in-time
Stockholders Equity 21 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 $4.45B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.38B USD Point-in-time
Net earnings NetIncomeLoss $172.25M USD 1 Quarter
Net earnings NetIncomeLoss $131.44M USD 1 Quarter
Dividends paid DividendsCommonStockCash $72.69M USD 1 Quarter
Common stock issued for the exercise of share-based awards StockIssuedDuringPeriodValueShareBasedCompensationGross $14.94M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $7.31M USD 1 Quarter
Common stock acquired TreasuryStockValueAcquiredCostMethod $44.98M USD 1 Quarter
Other comprehensive earnings, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $46.01M USD 1 Quarter
Other comprehensive earnings, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $56.10M USD 1 Quarter
Other, net StockholdersEquityOther $26.00K USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.45B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $4.38B 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 $131.44M USD 1 Quarter
Foreign currency translation gains OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $52.31M USD 1 Quarter
Foreign currency translation gains OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $39.90M USD 1 Quarter
Reclassification of foreign currency translation losses to earnings OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax $-3.88M USD 1 Quarter
Reclassification of foreign currency translation losses to earnings OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax - 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 $52.31M 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 $-1.94M USD 1 Quarter
Amortization of actuarial losses included in net periodic pension cost OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-1.34M USD 1 Quarter
Amortization of prior service cost included in net periodic pension cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $702.00K USD 1 Quarter
Amortization of prior service cost included in net periodic pension cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $743.00K USD 1 Quarter
Total pension and other postretirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-2.68M USD 1 Quarter
Total pension and other postretirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-2.04M USD 1 Quarter
Unrealized net gains arising during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $1.36M USD 1 Quarter
Unrealized net gains arising during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $78.00K USD 1 Quarter
Net gains reclassified into earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $253.00K USD 1 Quarter
Net gains reclassified into earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $217.00K USD 1 Quarter
Total cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $1.11M USD 1 Quarter
Total cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-139.00K USD 1 Quarter
Other comprehensive income loss other adjustment, net of tax OtherComprehensiveIncomeLossOtherAdjustmentNetOfTax $337.00K USD 1 Quarter
Other comprehensive income loss other adjustment, net of tax OtherComprehensiveIncomeLossOtherAdjustmentNetOfTax - USD 1 Quarter
Other comprehensive earnings OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $46.01M USD 1 Quarter
Other comprehensive earnings OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $56.10M USD 1 Quarter
Comprehensive earnings ComprehensiveIncomeNetOfTax $218.26M USD 1 Quarter
Comprehensive earnings ComprehensiveIncomeNetOfTax $187.53M USD 1 Quarter

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

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