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10-Q Filing

KENNAMETAL INC CIK: 55242 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0000055242-18-000033
Period End Date 20180930
Filing Date 20181106
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance kmt-20180930.xml
Filing Contents
Balance Sheet 96 line items
Line Item Tag Value Unit Period
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $11.81M USD Point-in-time
Allowance for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $12.13M USD Point-in-time
Accumulated amortization on other intangible assets FiniteLivedIntangibleAssetsAccumulatedAmortization $145.33M USD Point-in-time
Accumulated amortization on other intangible assets FiniteLivedIntangibleAssetsAccumulatedAmortization $148.41M USD Point-in-time
Preferred stock, par value PreferredStockNoParValue - USD Point-in-time
Preferred stock, par value PreferredStockNoParValue - USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 5.00M 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
Capital stock, par value CommonStockParOrStatedValuePerShare $1.25 USD Point-in-time
Capital stock, par value CommonStockParOrStatedValuePerShare $1.25 USD Point-in-time
Capital stock, shares authorized CommonStockSharesAuthorized 120.00M shares Point-in-time
Capital stock, shares authorized CommonStockSharesAuthorized 120.00M shares Point-in-time
Capital stock, shares issued CommonStockSharesIssued 81.65M shares Point-in-time
Capital stock, shares issued CommonStockSharesIssued 82.09M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $556.15M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $190.63M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $102.08M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $110.70M USD Point-in-time
Accounts receivable, less allowance for doubtful accounts of $12,134 and $11,807, respectively AccountsReceivableNetCurrent $401.29M USD Point-in-time
Accounts receivable, less allowance for doubtful accounts of $12,134 and $11,807, respectively AccountsReceivableNetCurrent $386.69M USD Point-in-time
Inventories (Note 10) InventoryNet $569.25M USD Point-in-time
Inventories (Note 10) InventoryNet $525.47M USD Point-in-time
Other current assets OtherAssetsCurrent $63.26M USD Point-in-time
Other current assets OtherAssetsCurrent $63.46M USD Point-in-time
Total current assets AssetsCurrent $1.55B USD Point-in-time
Total current assets AssetsCurrent $1.12B USD Point-in-time
Land and buildings LandAndBuildingsGross $351.95M USD Point-in-time
Land and buildings LandAndBuildingsGross $349.24M USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $1.70B USD Point-in-time
Machinery and equipment MachineryAndEquipmentGross $1.72B USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.23B USD Point-in-time
Less accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.24B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $824.21M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $834.35M USD Point-in-time
Goodwill (Note 17) Goodwill $301.80M USD Point-in-time
Goodwill (Note 17) Goodwill $300.84M USD Point-in-time
Other intangible assets, less accumulated amortization of $148,413 and $145,334, respectively (Note 17) IntangibleAssetsNetExcludingGoodwill $172.48M USD Point-in-time
Other intangible assets, less accumulated amortization of $148,413 and $145,334, respectively (Note 17) IntangibleAssetsNetExcludingGoodwill $176.47M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $17.02M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $16.71M USD Point-in-time
Other OtherAssetsNoncurrent $60.07M USD Point-in-time
Other OtherAssetsNoncurrent $66.34M USD Point-in-time
Total other assets OtherAssets $555.36M USD Point-in-time
Total other assets OtherAssets $556.37M USD Point-in-time
Total assets Assets $2.51B USD Point-in-time
Total assets Assets $2.93B USD Point-in-time
Current maturities of long-term debt and capital leases (Note 11) LongTermDebtAndCapitalLeaseObligationsCurrent $399.27M USD Point-in-time
Current maturities of long-term debt and capital leases (Note 11) LongTermDebtAndCapitalLeaseObligationsCurrent - USD Point-in-time
Notes payable to banks ShortTermBankLoansAndNotesPayable $934.00K USD Point-in-time
Notes payable to banks ShortTermBankLoansAndNotesPayable $756.00K USD Point-in-time
Accounts payable AccountsPayableCurrent $221.90M USD Point-in-time
Accounts payable AccountsPayableCurrent $220.89M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $30.02M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesCurrent $18.60M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $95.24M USD Point-in-time
Accrued expenses AccruedLiabilitiesCurrent $64.36M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $150.59M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $123.15M USD Point-in-time
Total current liabilities LiabilitiesCurrent $886.53M USD Point-in-time
Total current liabilities LiabilitiesCurrent $439.17M USD Point-in-time
Long-term debt and capital leases, less current maturities (Note 11) LongTermDebtAndCapitalLeaseObligations $591.50M USD Point-in-time
Long-term debt and capital leases, less current maturities (Note 11) LongTermDebtAndCapitalLeaseObligations $591.30M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $26.99M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $27.39M USD Point-in-time
Accrued pension and postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $159.55M USD Point-in-time
Accrued pension and postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $159.52M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesNoncurrent $6.25M USD Point-in-time
Accrued income taxes AccruedIncomeTaxesNoncurrent $6.26M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $24.61M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $24.42M USD Point-in-time
Total liabilities Liabilities $1.25B USD Point-in-time
Total liabilities Liabilities $1.70B USD Point-in-time
Preferred stock, no par value; 5,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Preferred stock, no par value; 5,000 shares authorized; none issued PreferredStockValue - USD Point-in-time
Capital stock, $1.25 par value; 120,000 shares authorized; 82,092 and 81,646 shares issued, respectively CommonStockValue $102.06M USD Point-in-time
Capital stock, $1.25 par value; 120,000 shares authorized; 82,092 and 81,646 shares issued, respectively CommonStockValue $102.61M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $517.35M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $511.91M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $900.68M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $940.98M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-323.69M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-333.33M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-320.32M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-304.52M USD Point-in-time
Total Kennametal Shareholders' Equity StockholdersEquity $1.23B USD Point-in-time
Total Kennametal Shareholders' Equity StockholdersEquity $1.19B USD Point-in-time
Noncontrolling interests MinorityInterest $36.00M USD Point-in-time
Noncontrolling interests MinorityInterest $36.49M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.23B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.26B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.05B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.10B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.93B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $2.51B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Sales (Note 3) Revenues $542.45M USD 1 Quarter
Sales (Note 3) Revenues $586.69M USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold $360.50M USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold $375.60M USD 1 Quarter
Gross profit GrossProfit $181.95M USD 1 Quarter
Gross profit GrossProfit $211.09M USD 1 Quarter
Operating expense OperatingExpenses $123.28M USD 1 Quarter
Operating expense OperatingExpenses $120.59M USD 1 Quarter
Restructuring and asset impairment charges (Note 7) RestructuringCostsAndAssetImpairmentCharges $1.07M USD 1 Quarter
Restructuring and asset impairment charges (Note 7) RestructuringCostsAndAssetImpairmentCharges $5.53M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $3.66M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $3.58M USD 1 Quarter
Operating income OperatingIncomeLoss $83.15M USD 1 Quarter
Operating income OperatingIncomeLoss $52.17M USD 1 Quarter
Interest expense InterestExpense $7.15M USD 1 Quarter
Interest expense InterestExpense $8.10M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $4.22M USD 1 Quarter
Other income, net OtherNonoperatingIncomeExpense $2.76M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $49.24M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $77.82M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $19.39M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $9.60M USD 1 Quarter
Net income ProfitLoss $58.42M USD 1 Quarter
Net income ProfitLoss $39.64M USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $455.00K USD 1 Quarter
Less: Net income attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $1.73M USD 1 Quarter
Net income attributable to Kennametal NetIncomeLoss $39.18M USD 1 Quarter
Net income attributable to Kennametal NetIncomeLoss $56.70M USD 1 Quarter
Basic earnings per share EarningsPerShareBasic $0.69 USD 1 Quarter
Basic earnings per share EarningsPerShareBasic $0.48 USD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $0.48 USD 1 Quarter
Diluted earnings per share EarningsPerShareDiluted $0.68 USD 1 Quarter
Dividends per share CommonStockDividendsPerShareDeclared $0.20 USD 1 Quarter
Dividends per share CommonStockDividendsPerShareDeclared $0.20 USD 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 81.07M shares 1 Quarter
Basic weighted average shares outstanding WeightedAverageNumberOfSharesOutstandingBasic 82.11M shares 1 Quarter
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 83.19M shares 1 Quarter
Diluted weighted average shares outstanding WeightedAverageNumberOfDilutedSharesOutstanding 82.12M shares 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $58.42M USD 1 Quarter
Net income ProfitLoss $39.64M USD 1 Quarter
Depreciation Depreciation $22.78M USD 1 Quarter
Depreciation Depreciation $23.97M USD 1 Quarter
Amortization AmortizationOfIntangibleAssets $3.66M USD 1 Quarter
Amortization AmortizationOfIntangibleAssets $3.58M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $8.49M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $6.54M USD 1 Quarter
Restructuring and asset impairment charges (Note 7) AssetImpairmentChargesandRestructuringReserveSettledWithoutCash $-3.16M USD 1 Quarter
Restructuring and asset impairment charges (Note 7) AssetImpairmentChargesandRestructuringReserveSettledWithoutCash $288.00K USD 1 Quarter
Deferred income tax provision DeferredIncomeTaxExpenseBenefit $577.00K USD 1 Quarter
Deferred income tax provision DeferredIncomeTaxExpenseBenefit $20.00K USD 1 Quarter
Other AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $1.37M USD 1 Quarter
Other AdjustmentsNoncashItemsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities $257.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-626.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-9.01M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $19.70M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $48.60M USD 1 Quarter
Accounts Payable and accrued liabilities (Note 4) IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-52.73M USD 1 Quarter
Accounts Payable and accrued liabilities (Note 4) IncreaseDecreaseInAccountsPayableAndAccruedLiabilities $-82.45M USD 1 Quarter
Accrued income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $398.00K USD 1 Quarter
Accrued income taxes IncreaseDecreaseInAccruedIncomeTaxesPayable $9.46M USD 1 Quarter
Accrued pension and postretirement benefits IncreaseDecreaseInPensionAndPostretirementObligations $-4.35M USD 1 Quarter
Accrued pension and postretirement benefits IncreaseDecreaseInPensionAndPostretirementObligations $-8.06M USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $8.20M USD 1 Quarter
Other IncreaseDecreaseInOtherOperatingCapitalNet $-1.96M USD 1 Quarter
Net cash flow provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $9.20M USD 1 Quarter
Net cash flow provided by (used for) operating activities NetCashProvidedByUsedInOperatingActivities $-39.67M USD 1 Quarter
Purchases of property, plant and equipment (Note 4) PaymentsToAcquirePropertyPlantAndEquipment $43.26M USD 1 Quarter
Purchases of property, plant and equipment (Note 4) PaymentsToAcquirePropertyPlantAndEquipment $22.31M USD 1 Quarter
Disposals of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $426.00K USD 1 Quarter
Disposals of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $833.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $-37.00K USD 1 Quarter
Other PaymentsForProceedsFromOtherInvestingActivities $67.00K USD 1 Quarter
Net cash flow used for investing activities NetCashProvidedByUsedInInvestingActivities $-42.39M USD 1 Quarter
Net cash flow used for investing activities NetCashProvidedByUsedInInvestingActivities $-21.95M USD 1 Quarter
Net (decrease) increase in notes payable ProceedsFromRepaymentsOfNotesPayable $423.00K USD 1 Quarter
Net (decrease) increase in notes payable ProceedsFromRepaymentsOfNotesPayable $-16.00K USD 1 Quarter
Term debt repayments RepaymentsOfLongTermDebt $400.00M USD 1 Quarter
Term debt repayments RepaymentsOfLongTermDebt $93.00K USD 1 Quarter
Purchase of capital stock PaymentsForRepurchaseOfCommonStock $55.00K USD 1 Quarter
Purchase of capital stock PaymentsForRepurchaseOfCommonStock $54.00K USD 1 Quarter
Dividend reinvestment and the effect of employee benefit and stock plans DividendReinvestmentAndEmployeeBenefitAndStockPlans $-3.97M USD 1 Quarter
Dividend reinvestment and the effect of employee benefit and stock plans DividendReinvestmentAndEmployeeBenefitAndStockPlans $-2.44M USD 1 Quarter
Cash dividends paid to Shareholders PaymentsOfDividendsCommonStock $16.19M USD 1 Quarter
Cash dividends paid to Shareholders PaymentsOfDividendsCommonStock $16.40M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $-320.00K USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $16.00K USD 1 Quarter
Net cash flow used for financing activities NetCashProvidedByUsedInFinancingActivities $-20.20M USD 1 Quarter
Net cash flow used for financing activities NetCashProvidedByUsedInFinancingActivities $-418.89M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $1.89M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-1.99M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-79.93M USD 1 Quarter
Net decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-454.07M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $556.15M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $190.63M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $102.08M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $110.70M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $556.15M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $190.63M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $102.08M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $110.70M USD Point-in-time
Comprehensive Income 20 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $58.42M USD 1 Quarter
Net income ProfitLoss $39.64M USD 1 Quarter
Unrealized loss on derivatives designated and qualified as cash flow hedges OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-619.00K USD 1 Quarter
Unrealized loss on derivatives designated and qualified as cash flow hedges OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $-262.00K USD 1 Quarter
Reclassification of unrealized loss on derivatives designated and qualified as cash flow hedges OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-396.00K USD 1 Quarter
Reclassification of unrealized loss on derivatives designated and qualified as cash flow hedges OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax $-595.00K USD 1 Quarter
Unrecognized net pension and other postretirement benefit gain (loss) OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $318.00K USD 1 Quarter
Unrecognized net pension and other postretirement benefit gain (loss) OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax $-1.97M USD 1 Quarter
Reclassification of net pension and other postretirement benefit loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-1.78M USD 1 Quarter
Reclassification of net pension and other postretirement benefit loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax $-1.31M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $19.87M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-16.20M USD 1 Quarter
Total other comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTax $-14.24M USD 1 Quarter
Total other comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTax $19.46M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $44.18M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $59.10M USD 1 Quarter
Less: comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $493.00K USD 1 Quarter
Less: comprehensive income attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $739.00K USD 1 Quarter
Comprehensive income attributable to Kennametal Shareholders ComprehensiveIncomeNetOfTax $58.36M USD 1 Quarter
Comprehensive income attributable to Kennametal Shareholders ComprehensiveIncomeNetOfTax $43.69M USD 1 Quarter

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

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