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10-Q Filing

DOVER CORP CIK: 29905 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0000029905-20-000018
Period End Date 20200331
Filing Date 20200421
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance dov-20200331_htm.xml
Balance Sheet 52 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $29.38M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $243.01M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $508.91M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $397.25M USD Point-in-time
Allowance for doubtful accounts receivable AllowanceForDoubtfulAccountsReceivableCurrent $33.90M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $396.22M USD Point-in-time
Receivables, net of allowances AccountsReceivableNetCurrent $1.22B USD Point-in-time
Receivables, net of allowances AccountsReceivableNetCurrent $1.22B USD Point-in-time
Inventories InventoryNet $806.14M USD Point-in-time
Inventories InventoryNet $852.08M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $122.86M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $127.85M USD Point-in-time
Total current assets AssetsCurrent $2.71B USD Point-in-time
Total current assets AssetsCurrent $2.55B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $841.81M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $842.32M USD Point-in-time
Goodwill Goodwill $3.78B USD Point-in-time
Goodwill Goodwill $3.86B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.06B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.10B USD Point-in-time
Other assets and deferred charges OtherAssetsNoncurrent $439.48M USD Point-in-time
Other assets and deferred charges OtherAssetsNoncurrent $440.37M USD Point-in-time
Total assets Assets $8.94B USD Point-in-time
Total assets Assets $8.67B USD Point-in-time
Notes payable and current maturities of long-term debt DebtCurrent $500.00M USD Point-in-time
Notes payable and current maturities of long-term debt DebtCurrent $84.70M USD Point-in-time
Accounts payable AccountsPayableCurrent $947.01M USD Point-in-time
Accounts payable AccountsPayableCurrent $983.29M USD Point-in-time
Accrued compensation and employee benefits EmployeeRelatedLiabilitiesCurrent $175.23M USD Point-in-time
Accrued compensation and employee benefits EmployeeRelatedLiabilitiesCurrent $226.66M USD Point-in-time
Accrued insurance AccruedInsuranceCurrent $99.99M USD Point-in-time
Accrued insurance AccruedInsuranceCurrent $98.43M USD Point-in-time
Other accrued expenses OtherLiabilitiesCurrent $355.84M USD Point-in-time
Other accrued expenses OtherLiabilitiesCurrent $339.06M USD Point-in-time
Federal and other income taxes AccruedIncomeTaxesCurrent $17.75M USD Point-in-time
Federal and other income taxes AccruedIncomeTaxesCurrent $16.30M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.75B USD Point-in-time
Total current liabilities LiabilitiesCurrent $2.09B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.96B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.99B USD Point-in-time
Deferred Income Taxes DeferredIncomeTaxLiabilitiesNet $322.04M USD Point-in-time
Deferred Income Taxes DeferredIncomeTaxLiabilitiesNet $338.59M USD Point-in-time
Noncurrent income tax payable AccruedIncomeTaxesNoncurrent $52.00M USD Point-in-time
Noncurrent income tax payable AccruedIncomeTaxesNoncurrent $52.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $515.61M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $527.17M USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.84B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.98B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.77B USD Point-in-time
Total stockholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.03B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $8.94B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $8.67B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $1.66B USD 1 Quarter
Revenue RevenueFromContractWithCustomerExcludingAssessedTax $1.72B USD 1 Quarter
Cost of goods and services CostOfGoodsAndServicesSold $1.04B USD 1 Quarter
Cost of goods and services CostOfGoodsAndServicesSold $1.10B USD 1 Quarter
Gross profit GrossProfit $612.24M USD 1 Quarter
Gross profit GrossProfit $623.54M USD 1 Quarter
Selling, General and Administrative Expense SellingGeneralAndAdministrativeExpense $386.94M USD 1 Quarter
Selling, General and Administrative Expense SellingGeneralAndAdministrativeExpense $408.47M USD 1 Quarter
Loss on assets held for sale GainLossOnSalesOfAssetsAndAssetImpairmentCharges - USD 1 Quarter
Loss on assets held for sale GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-46.95M USD 1 Quarter
Operating earnings OperatingIncomeLoss $225.30M USD 1 Quarter
Operating earnings OperatingIncomeLoss $168.13M USD 1 Quarter
Interest Expense InterestExpense $27.27M USD 1 Quarter
Interest Expense InterestExpense $31.81M USD 1 Quarter
Interest Income InterestIncomeOther $890.00K USD 1 Quarter
Interest Income InterestIncomeOther $1.18M USD 1 Quarter
Gain on sale of businesses GainLossOnSaleOfBusiness $6.55M USD 1 Quarter
Gain on sale of businesses GainLossOnSaleOfBusiness - USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $7.73M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $1.11M USD 1 Quarter
Earnings before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $213.50M USD 1 Quarter
Earnings before provision for income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $138.32M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $-32.61M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $-37.22M USD 1 Quarter
Earnings from continuing operations IncomeLossFromContinuingOperations $105.70M USD 1 Quarter
Earnings from continuing operations IncomeLossFromContinuingOperations $176.28M USD 1 Quarter
Net earnings NetIncomeLoss $105.70M USD 1 Quarter
Net earnings NetIncomeLoss $176.28M USD 1 Quarter
Net earnings (in dollars per basic share) EarningsPerShareBasic $0.73 USD 1 Quarter
Net earnings (in dollars per basic share) EarningsPerShareBasic $1.22 USD 1 Quarter
Net earnings (in dollars per diluted share) EarningsPerShareDiluted $1.21 USD 1 Quarter
Net earnings (in dollars per diluted share) EarningsPerShareDiluted $0.72 USD 1 Quarter
Weighted average shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 144.26M shares 1 Quarter
Weighted average shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 145.09M shares 1 Quarter
Weighted average shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 146.91M shares 1 Quarter
Weighted average shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 145.78M shares 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $105.70M USD 1 Quarter
Net earnings NetIncomeLoss $176.28M USD 1 Quarter
Loss on assets held for sale GainLossOnSalesOfAssetsAndAssetImpairmentCharges - USD 1 Quarter
Loss on assets held for sale GainLossOnSalesOfAssetsAndAssetImpairmentCharges $-46.95M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $68.75M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $67.74M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $8.18M USD 1 Quarter
Share-based compensation expense ShareBasedCompensation $3.25M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $17.36M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $-2.36M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $42.25M USD 1 Quarter
Accounts receivable, net IncreaseDecreaseInAccountsReceivable $25.31M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $61.94M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $73.04M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $14.92M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $8.65M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-25.25M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-22.64M USD 1 Quarter
Accrued compensation and employee benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-67.25M USD 1 Quarter
Accrued compensation and employee benefits IncreaseDecreaseInEmployeeRelatedLiabilities $-55.56M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $-16.11M USD 1 Quarter
Accrued expenses and other liabilities IncreaseDecreaseInAccruedLiabilities $25.32M USD 1 Quarter
Accrued and deferred taxes, net IncreaseDecreaseInAccruedIncomeTaxesPayable $18.11M USD 1 Quarter
Accrued and deferred taxes, net IncreaseDecreaseInAccruedIncomeTaxesPayable $14.56M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $24.52M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $75.86M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $40.17M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $37.12M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesGross $208.42M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesGross $175.08M USD 1 Quarter
Proceeds from sale of property, plant, and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.23M USD 1 Quarter
Proceeds from sale of property, plant, and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $170.00K USD 1 Quarter
Proceeds from sale of businesses ProceedsFromDivestitureOfBusinesses $2.25M USD 1 Quarter
Proceeds from sale of businesses ProceedsFromDivestitureOfBusinesses $16.85M USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $7.90M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-230.51M USD 1 Quarter
Net cash (used in) provided by investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-217.69M USD 1 Quarter
Repurchase of common stock, including prepayment under an accelerated share repurchase program PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Repurchase of common stock, including prepayment under an accelerated share repurchase program PaymentsForRepurchaseOfCommonStock $52.92M USD 1 Quarter
Change in commercial paper and notes payable ProceedsFromRepaymentsOfCommercialPaper $125.89M USD 1 Quarter
Change in commercial paper and notes payable ProceedsFromRepaymentsOfCommercialPaper $415.30M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividendsCommonStock $69.81M USD 1 Quarter
Dividends paid to stockholders PaymentsOfDividendsCommonStock $70.90M USD 1 Quarter
Payments to settle employee tax obligations on exercise of share-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $19.61M USD 1 Quarter
Payments to settle employee tax obligations on exercise of share-based awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $10.02M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-512.00K USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-409.00K USD 1 Quarter
Net cash used in by financing activities NetCashProvidedByUsedInFinancingActivities $280.95M USD 1 Quarter
Net cash used in by financing activities NetCashProvidedByUsedInFinancingActivities $36.07M USD 1 Quarter
Effect of Exchange Rate on Cash and Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-14.65M USD 1 Quarter
Effect of Exchange Rate on Cash and Cash Equivalents EffectOfExchangeRateOnCashAndCashEquivalents $3.89M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $111.65M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-153.21M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $243.01M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $508.91M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $397.25M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $396.22M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $243.01M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $508.91M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $397.25M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $396.22M USD Point-in-time
Stockholders Equity 23 line items
Line Item Tag Value Unit Period
Dividends paid per common share (in dollars per share) CommonStockDividendsPerShareCashPaid $0.49 USD 1 Quarter
Dividends paid per common share (in dollars per share) CommonStockDividendsPerShareCashPaid $0.48 USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.84B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.98B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.77B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.03B USD Point-in-time
Net earnings NetIncomeLoss $105.70M USD 1 Quarter
Net earnings NetIncomeLoss $176.28M USD 1 Quarter
Dividends paid DividendsCommonStockCash $70.90M USD 1 Quarter
Dividends paid DividendsCommonStockCash $69.81M USD 1 Quarter
Common stock issued for the exercise of share-based awards StockIssuedDuringPeriodValueShareBasedCompensationGross $10.02M USD 1 Quarter
Common stock issued for the exercise of share-based awards StockIssuedDuringPeriodValueShareBasedCompensationGross $19.61M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $3.25M USD 1 Quarter
Share-based compensation expense AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $8.18M USD 1 Quarter
Common stock acquired, including accelerated share repurchase program TreasuryStockValueAcquiredCostMethod $52.92M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $52.15M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-95.55M USD 1 Quarter
Other, net StockholdersEquityOther $-7.83M USD 1 Quarter
Other, net StockholdersEquityOther $-12.00K USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.84B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.98B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.77B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.03B USD Point-in-time
Comprehensive Income 24 line items
Line Item Tag Value Unit Period
Net earnings NetIncomeLoss $105.70M USD 1 Quarter
Net earnings NetIncomeLoss $176.28M USD 1 Quarter
Foreign currency translation (losses) gains OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $23.70M USD 1 Quarter
Foreign currency translation (losses) gains OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax $-93.55M USD 1 Quarter
Reclassification of foreign currency translation losses to earnings OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax - USD 1 Quarter
Reclassification of foreign currency translation losses to earnings OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationReclassificationAdjustmentFromAOCIRealizedUponSaleOrLiquidationNetOfTax $-25.34M USD 1 Quarter
Total foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $49.04M USD 1 Quarter
Total foreign currency translation adjustment OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-93.55M USD 1 Quarter
Amortization of actuarial losses included in net periodic pension cost OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-175.00K USD 1 Quarter
Amortization of actuarial losses included in net periodic pension cost OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-1.67M USD 1 Quarter
Amortization of prior service cost included in net periodic pension cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $286.00K USD 1 Quarter
Amortization of prior service cost included in net periodic pension cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax $572.00K USD 1 Quarter
Total pension and other postretirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-1.96M USD 1 Quarter
Total pension and other postretirement benefit plans OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-747.00K USD 1 Quarter
Unrealized net gains (losses) arising during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-5.07M USD 1 Quarter
Unrealized net gains (losses) arising during period OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $2.59M USD 1 Quarter
Net losses (gains) reclassified into earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-1.12M USD 1 Quarter
Net losses (gains) reclassified into earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $230.00K USD 1 Quarter
Total cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $2.36M USD 1 Quarter
Total cash flow hedges OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-3.95M USD 1 Quarter
Other comprehensive (loss) earnings OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $52.15M USD 1 Quarter
Other comprehensive (loss) earnings OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-95.55M USD 1 Quarter
Comprehensive earnings ComprehensiveIncomeNetOfTax $80.73M USD 1 Quarter
Comprehensive earnings ComprehensiveIncomeNetOfTax $157.85M USD 1 Quarter

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

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