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10-Q Filing

MINERALS TECHNOLOGIES INC CIK: 891014 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0000891014-19-000015
Period End Date 20190331
Filing Date 20190503
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance mtx-20190331.xml
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $212.20M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $223.20M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $202.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $208.80M USD Point-in-time
Short-term investments ShortTermInvestments $4.30M USD Point-in-time
Short-term investments ShortTermInvestments $3.80M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $406.40M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $387.30M USD Point-in-time
Inventories InventoryNet $254.40M USD Point-in-time
Inventories InventoryNet $239.20M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $37.20M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $36.10M USD Point-in-time
Total current assets AssetsCurrent $876.30M USD Point-in-time
Total current assets AssetsCurrent $903.90M USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentGross $2.26B USD Point-in-time
Property, plant and equipment PropertyPlantAndEquipmentGross $2.27B USD Point-in-time
Less accumulated depreciation and depletion AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.15B USD Point-in-time
Less accumulated depreciation and depletion AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $1.17B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.10B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $1.10B USD Point-in-time
Goodwill Goodwill $812.40M USD Point-in-time
Goodwill Goodwill $812.40M USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $214.10M USD Point-in-time
Intangible assets IntangibleAssetsNetExcludingGoodwill $211.80M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $24.80M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $26.30M USD Point-in-time
Other assets and deferred charges OtherAssetsNoncurrent $109.40M USD Point-in-time
Other assets and deferred charges OtherAssetsNoncurrent $55.10M USD Point-in-time
Total assets Assets $3.09B USD Point-in-time
Total assets Assets $3.16B USD Point-in-time
Short-term debt ShortTermBorrowings $105.20M USD Point-in-time
Short-term debt ShortTermBorrowings $104.70M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $2.70M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $3.30M USD Point-in-time
Accounts payable AccountsPayableCurrent $178.20M USD Point-in-time
Accounts payable AccountsPayableCurrent $169.10M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $105.20M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $104.30M USD Point-in-time
Total current liabilities LiabilitiesCurrent $390.80M USD Point-in-time
Total current liabilities LiabilitiesCurrent $381.90M USD Point-in-time
Long-term debt, net of unamortized discount and deferred financing costs LongTermDebtNoncurrent $893.40M USD Point-in-time
Long-term debt, net of unamortized discount and deferred financing costs LongTermDebtNoncurrent $907.80M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $196.80M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $198.10M USD Point-in-time
Accrued pension and post-retirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $124.00M USD Point-in-time
Accrued pension and post-retirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $124.20M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $91.10M USD Point-in-time
Other non-current liabilities OtherLiabilitiesNoncurrent $129.70M USD Point-in-time
Total liabilities Liabilities $1.74B USD Point-in-time
Total liabilities Liabilities $1.70B USD Point-in-time
Common stock CommonStockValue $4.90M USD Point-in-time
Common stock CommonStockValue $4.90M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $431.90M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $432.60M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.77B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.82B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-242.70M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-233.70M USD Point-in-time
Less common stock held in treasury TreasuryStockValue $618.70M USD Point-in-time
Less common stock held in treasury TreasuryStockValue $618.70M USD Point-in-time
Total Minerals Technologies Inc. shareholders' equity StockholdersEquity $1.35B USD Point-in-time
Total Minerals Technologies Inc. shareholders' equity StockholdersEquity $1.39B USD Point-in-time
Non-controlling interests MinorityInterest $31.80M USD Point-in-time
Non-controlling interests MinorityInterest $33.90M USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.28B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.39B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.33B USD Point-in-time
Total shareholders' equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.43B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $3.09B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $3.16B USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Total net sales RevenueFromContractWithCustomerExcludingAssessedTax $431.30M USD 1 Quarter
Total net sales RevenueFromContractWithCustomerExcludingAssessedTax $437.70M USD 1 Quarter
Total cost of sales CostOfGoodsAndServicesSold $328.00M USD 1 Quarter
Total cost of sales CostOfGoodsAndServicesSold $317.80M USD 1 Quarter
Production margin GrossProfit $113.50M USD 1 Quarter
Production margin GrossProfit $109.70M USD 1 Quarter
Marketing and administrative expenses SellingGeneralAndAdministrativeExpense $44.40M USD 1 Quarter
Marketing and administrative expenses SellingGeneralAndAdministrativeExpense $42.90M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $6.10M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $4.80M USD 1 Quarter
Acquisition related transaction and integration costs BusinessCombinationAcquisitionRelatedCosts $400.00K USD 1 Quarter
Acquisition related transaction and integration costs BusinessCombinationAcquisitionRelatedCosts - USD 1 Quarter
Income from operations OperatingIncomeLoss $62.00M USD 1 Quarter
Income from operations OperatingIncomeLoss $62.60M USD 1 Quarter
Interest expense, net InterestExpense $10.70M USD 1 Quarter
Interest expense, net InterestExpense $11.40M USD 1 Quarter
Other non-operating deductions, net OtherNonoperatingIncomeExpense $-1.40M USD 1 Quarter
Other non-operating deductions, net OtherNonoperatingIncomeExpense $-2.70M USD 1 Quarter
Total non-operating deductions, net NonoperatingIncomeExpense $-12.80M USD 1 Quarter
Total non-operating deductions, net NonoperatingIncomeExpense $-13.40M USD 1 Quarter
Income from operations before tax and equity in earnings IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $49.20M USD 1 Quarter
Income from operations before tax and equity in earnings IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $49.20M USD 1 Quarter
Provision for taxes on income IncomeTaxExpenseBenefit $9.30M USD 1 Quarter
Provision for taxes on income IncomeTaxExpenseBenefit $9.30M USD 1 Quarter
Equity in earnings of affiliates, net of tax IncomeLossFromEquityMethodInvestments $100.00K USD 1 Quarter
Equity in earnings of affiliates, net of tax IncomeLossFromEquityMethodInvestments $1.20M USD 1 Quarter
Consolidated net income ProfitLoss $41.10M USD 1 Quarter
Consolidated net income ProfitLoss $40.00M USD 1 Quarter
Less: Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $1.20M USD 1 Quarter
Less: Net income attributable to non-controlling interests NetIncomeLossAttributableToNoncontrollingInterest $900.00K USD 1 Quarter
Net income attributable to Minerals Technologies Inc. NetIncomeLoss $39.90M USD 1 Quarter
Net income attributable to Minerals Technologies Inc. NetIncomeLoss $39.10M USD 1 Quarter
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) EarningsPerShareBasic $1.13 USD 1 Quarter
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) EarningsPerShareBasic $1.11 USD 1 Quarter
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) EarningsPerShareDiluted $1.11 USD 1 Quarter
Income from operations attributable to Minerals Technologies Inc. (in dollars per share) EarningsPerShareDiluted $1.12 USD 1 Quarter
Cash dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.05 USD 1 Quarter
Cash dividends declared per common share (in dollars per share) CommonStockDividendsPerShareDeclared $0.05 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 35.20M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 35.40M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 35.30M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 35.70M shares 1 Quarter
Cash Flow Statement 56 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $41.10M USD 1 Quarter
Consolidated net income ProfitLoss $40.00M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $24.50M USD 1 Quarter
Depreciation, depletion and amortization DepreciationDepletionAndAmortization $21.10M USD 1 Quarter
Amortization of right of use asset OperatingLeaseRightOfUseAssetAmortization $3.40M USD 1 Quarter
Amortization of right of use asset OperatingLeaseRightOfUseAssetAmortization - USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $-2.10M USD 1 Quarter
Other non-cash items OtherNoncashIncomeExpense $1.10M USD 1 Quarter
Net changes in operating assets and liabilities IncreaseDecreaseInOperatingCapital $39.20M USD 1 Quarter
Net changes in operating assets and liabilities IncreaseDecreaseInOperatingCapital $25.40M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $30.80M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $35.70M USD 1 Quarter
Purchases of property, plant and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $17.90M USD 1 Quarter
Purchases of property, plant and equipment, net PaymentsToAcquirePropertyPlantAndEquipment $17.60M USD 1 Quarter
Proceeds from sale of short-term investments ProceedsFromSaleOfShortTermInvestments $900.00K USD 1 Quarter
Proceeds from sale of short-term investments ProceedsFromSaleOfShortTermInvestments $700.00K USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireShortTermInvestments $2.00M USD 1 Quarter
Purchases of short-term investments PaymentsToAcquireShortTermInvestments $1.50M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-18.20M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-19.20M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $15.80M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $400.00K USD 1 Quarter
Repayment of short-term debt ProceedsFromRepaymentsOfShortTermDebt - USD 1 Quarter
Repayment of short-term debt ProceedsFromRepaymentsOfShortTermDebt $-600.00K USD 1 Quarter
Purchase of common stock for treasury PaymentsForRepurchaseOfCommonStock $5.70M USD 1 Quarter
Purchase of common stock for treasury PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Proceeds from issuance of stock under option plan ProceedsFromStockOptionsExercised $600.00K USD 1 Quarter
Proceeds from issuance of stock under option plan ProceedsFromStockOptionsExercised $100.00K USD 1 Quarter
Excess tax benefits related to stock incentive programs PaymentsRelatedToTaxWithholdingForShareBasedCompensation $3.20M USD 1 Quarter
Excess tax benefits related to stock incentive programs PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.90M USD 1 Quarter
Dividends paid to non-controlling interests PaymentsOfDividendsMinorityInterest $100.00K USD 1 Quarter
Dividends paid to non-controlling interests PaymentsOfDividendsMinorityInterest $100.00K USD 1 Quarter
Capital contribution from non-controlling interests ProceedsFromMinorityShareholders - USD 1 Quarter
Capital contribution from non-controlling interests ProceedsFromMinorityShareholders $800.00K USD 1 Quarter
Cash dividends paid PaymentsOfDividends $1.80M USD 1 Quarter
Cash dividends paid PaymentsOfDividends $1.70M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-19.20M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivities $-10.60M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $5.10M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $500.00K USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $11.00M USD 1 Quarter
Net (decrease) increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-6.10M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $212.20M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $223.20M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $202.70M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $208.80M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $212.20M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $223.20M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $202.70M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $208.80M USD Point-in-time
Interest paid InterestPaidNet $10.50M USD 1 Quarter
Interest paid InterestPaidNet $10.90M USD 1 Quarter
Income taxes paid IncomeTaxesPaidNet $5.80M USD 1 Quarter
Income taxes paid IncomeTaxesPaidNet $4.00M USD 1 Quarter
Treasury stock purchases settled after period end OtherSignificantNoncashTransactionValueOfConsiderationGiven1 - USD 1 Quarter
Treasury stock purchases settled after period end OtherSignificantNoncashTransactionValueOfConsiderationGiven1 $300.00K USD 1 Quarter
Stockholders Equity 21 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.28B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.39B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.33B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.43B USD Point-in-time
Net income ProfitLoss $41.10M USD 1 Quarter
Net income ProfitLoss $40.00M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $2.40M USD 1 Quarter
Other comprehensive income OtherComprehensiveIncomeLossNetOfTax $18.70M USD 1 Quarter
Dividends declared Dividends $1.80M USD 1 Quarter
Dividends declared Dividends $1.70M USD 1 Quarter
Dividends paid to non-controlling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $200.00K USD 1 Quarter
Dividends paid to non-controlling interests MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders $100.00K USD 1 Quarter
Capital contribution from non-controlling interests NoncontrollingInterestIncreaseFromBusinessCombination $800.00K USD 1 Quarter
Issuance of shares pursuant to employee stock compensation plans StockIssuedDuringPeriodValueShareBasedCompensationGross $500.00K USD 1 Quarter
Issuance of shares pursuant to employee stock compensation plans StockIssuedDuringPeriodValueShareBasedCompensationGross $100.00K USD 1 Quarter
Purchase of common stock for treasury TreasuryStockValueAcquiredCostMethod $5.70M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $600.00K USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.28B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.39B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.33B USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.43B USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Consolidated net income ProfitLoss $41.10M USD 1 Quarter
Consolidated net income ProfitLoss $40.00M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $15.20M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-400.00K USD 1 Quarter
Pension and postretirement plan adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-1.90M USD 1 Quarter
Pension and postretirement plan adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-1.60M USD 1 Quarter
Unrealized gains on derivative instruments OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $1.60M USD 1 Quarter
Unrealized gains on derivative instruments OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax $1.20M USD 1 Quarter
Total other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $2.40M USD 1 Quarter
Total other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $18.70M USD 1 Quarter
Total comprehensive income including non-controlling interests ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $59.80M USD 1 Quarter
Total comprehensive income including non-controlling interests ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $42.40M USD 1 Quarter
Comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.40M USD 1 Quarter
Comprehensive income attributable to non-controlling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.80M USD 1 Quarter
Comprehensive income attributable to Minerals Technologies Inc. ComprehensiveIncomeNetOfTax $41.00M USD 1 Quarter
Comprehensive income attributable to Minerals Technologies Inc. ComprehensiveIncomeNetOfTax $58.00M USD 1 Quarter

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

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