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10-Q Filing

ALBANY INTERNATIONAL CORP /DE/ CIK: 819793 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0000891092-15-003919
Period End Date 20150331
Filing Date 20150505
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance ain-20150331.xml
Filing Contents
Balance Sheet 76 line items
Line Item Tag Value Unit Period
Preferred Stock, par value per share PreferredStockParOrStatedValuePerShare $5.00 USD Point-in-time
Preferred Stock, par value per share PreferredStockParOrStatedValuePerShare $5.00 USD Point-in-time
Preferred Stock, shares authorized PreferredStockSharesAuthorized 2.00M shares Point-in-time
Preferred Stock, shares authorized PreferredStockSharesAuthorized 2.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $170.84M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $179.80M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $208.38M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $222.67M USD Point-in-time
Preferred Stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $163.41M USD Point-in-time
Accounts receivable, net AccountsReceivableNetCurrent $158.24M USD Point-in-time
Preferred Stock, shares issued PreferredStockSharesIssued 0.00 shares Point-in-time
Inventories InventoryNet $107.27M USD Point-in-time
Inventories InventoryNet $104.82M USD Point-in-time
Deferred income taxes DeferredIncomeTaxesAndOtherTaxReceivableCurrent $6.74M USD Point-in-time
Deferred income taxes DeferredIncomeTaxesAndOtherTaxReceivableCurrent $6.58M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $10.41M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $8.07M USD Point-in-time
Total current assets AssetsCurrent $456.06M USD Point-in-time
Total current assets AssetsCurrent $460.13M USD Point-in-time
Treasury stock, shares TreasuryStockShares 8.46M shares Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $380.86M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $395.11M USD Point-in-time
Treasury stock, shares TreasuryStockShares 8.46M shares Point-in-time
Intangibles IntangibleAssetsNetExcludingGoodwill $328.00K USD Point-in-time
Intangibles IntangibleAssetsNetExcludingGoodwill $385.00K USD Point-in-time
Goodwill Goodwill $65.72M USD Point-in-time
Goodwill Goodwill $71.68M USD Point-in-time
Income taxes receivable and deferred DeferredIncomeTaxesAndOtherTaxReceivableNoncurrent $69.54M USD Point-in-time
Income taxes receivable and deferred DeferredIncomeTaxesAndOtherTaxReceivableNoncurrent $65.73M USD Point-in-time
Other assets OtherAssetsNoncurrent $32.46M USD Point-in-time
Other assets OtherAssetsNoncurrent $32.92M USD Point-in-time
Total assets Assets $1.03B USD Point-in-time
Total assets Assets $1.00B USD Point-in-time
Notes and loans payable NotesAndLoansPayableCurrent $661.00K USD Point-in-time
Notes and loans payable NotesAndLoansPayableCurrent $496.00K USD Point-in-time
Accounts payable AccountsPayableCurrent $34.79M USD Point-in-time
Accounts payable AccountsPayableCurrent $36.36M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $88.99M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $95.15M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $50.02M USD Point-in-time
Current maturities of long-term debt LongTermDebtCurrent $50.02M USD Point-in-time
Income taxes payable and deferred IncomeTaxesPayableAndDeferred $2.79M USD Point-in-time
Income taxes payable and deferred IncomeTaxesPayableAndDeferred $1.81M USD Point-in-time
Total current liabilities LiabilitiesCurrent $177.67M USD Point-in-time
Total current liabilities LiabilitiesCurrent $183.40M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $222.10M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $232.09M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $103.08M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $98.50M USD Point-in-time
Deferred taxes and other credits DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent $6.92M USD Point-in-time
Deferred taxes and other credits DeferredIncomeTaxesAndOtherLiabilitiesNoncurrent $7.16M USD Point-in-time
Total liabilities Liabilities $515.17M USD Point-in-time
Total liabilities Liabilities $515.74M USD Point-in-time
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued PreferredStockValueOutstanding - USD Point-in-time
Preferred stock, par value $5.00 per share; authorized 2,000,000 shares; none issued PreferredStockValueOutstanding - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $420.49M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $418.97M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $463.24M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $456.11M USD Point-in-time
Translation adjustments AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-55.24M USD Point-in-time
Translation adjustments AccumulatedOtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentNetOfTax $-92.65M USD Point-in-time
Pension and postretirement liability adjustments AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax $51.67M USD Point-in-time
Pension and postretirement liability adjustments AccumulatedOtherComprehensiveIncomeLossDefinedBenefitPensionAndOtherPostretirementPlansNetOfTax $49.68M USD Point-in-time
Derivative valuation adjustment AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax $-1.24M USD Point-in-time
Derivative valuation adjustment AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax $-861.00K USD Point-in-time
Treasury stock (Class A), at cost 8,459,498 shares in 2015 and 2014 TreasuryStockValue $257.48M USD Point-in-time
Treasury stock (Class A), at cost 8,459,498 shares in 2015 and 2014 TreasuryStockValue $257.48M USD Point-in-time
Total Company shareholders' equity StockholdersEquity $482.72M USD Point-in-time
Total Company shareholders' equity StockholdersEquity $509.87M USD Point-in-time
Noncontrolling interest MinorityInterest $3.73M USD Point-in-time
Noncontrolling interest MinorityInterest $3.70M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $513.57M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $486.44M USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $1.00B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $1.03B USD Point-in-time
Income Statement 38 line items
Line Item Tag Value Unit Period
Net sales Revenues $180.31M USD 1 Quarter
Net sales Revenues $181.32M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $105.50M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $104.64M USD 1 Quarter
Gross profit GrossProfit $74.81M USD 1 Quarter
Gross profit GrossProfit $76.68M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $35.23M USD 1 Quarter
Selling, general, and administrative expenses SellingGeneralAndAdministrativeExpense $39.16M USD 1 Quarter
Technical, product engineering, and research expenses TechnicalProductEngineeringAndResearchExpenses $13.87M USD 1 Quarter
Technical, product engineering, and research expenses TechnicalProductEngineeringAndResearchExpenses $12.30M USD 1 Quarter
Restructuring and other, net RestructuringCharges $1.18M USD 1 Quarter
Restructuring and other, net RestructuringCharges $9.00M USD 1 Quarter
Operating income OperatingIncomeLoss $20.60M USD 1 Quarter
Operating income OperatingIncomeLoss $20.15M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-2.68M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNonoperatingNet $-2.92M USD 1 Quarter
Other (income)/expenses, net OtherNonoperatingIncomeExpense $3.29M USD 1 Quarter
Other (income)/expenses, net OtherNonoperatingIncomeExpense $467.00K USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $20.76M USD 1 Quarter
Income before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $18.15M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $7.46M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $8.52M USD 1 Quarter
Net income ProfitLoss $10.69M USD 1 Quarter
Net income ProfitLoss $12.24M USD 1 Quarter
Net income attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $72.00K USD 1 Quarter
Net income attributable to the noncontrolling interest NetIncomeLossAttributableToNoncontrollingInterest $26.00K USD 1 Quarter
Net income attributable to the Company NetIncomeLoss $12.21M USD 1 Quarter
Net income attributable to the Company NetIncomeLoss $10.62M USD 1 Quarter
Earnings per share attributable to Company shareholders - Basic EarningsPerShareBasic $0.33 USD 1 Quarter
Earnings per share attributable to Company shareholders - Basic EarningsPerShareBasic $0.38 USD 1 Quarter
Earnings per share attributable to Company shareholders - Diluted EarningsPerShareDiluted $0.38 USD 1 Quarter
Earnings per share attributable to Company shareholders - Diluted EarningsPerShareDiluted $0.33 USD 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 31.88M shares 1 Quarter
Basic WeightedAverageNumberOfSharesOutstandingBasic 31.79M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 31.89M shares 1 Quarter
Diluted WeightedAverageNumberOfDilutedSharesOutstanding 31.97M shares 1 Quarter
Dividends per share CommonStockDividendsPerShareDeclared $0.15 USD 1 Quarter
Dividends per share CommonStockDividendsPerShareDeclared $0.16 USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $10.69M USD 1 Quarter
Net income ProfitLoss $12.24M USD 1 Quarter
Depreciation Depreciation $14.11M USD 1 Quarter
Depreciation Depreciation $13.52M USD 1 Quarter
Amortization AdjustmentForAmortization $1.80M USD 1 Quarter
Amortization AdjustmentForAmortization $1.83M USD 1 Quarter
Change in long-term liabilities, deferred taxes and other credits ProvisionForDeferredIncomeTaxesOtherCreditsAndLongtermLiabilities $-214.00K USD 1 Quarter
Change in long-term liabilities, deferred taxes and other credits ProvisionForDeferredIncomeTaxesOtherCreditsAndLongtermLiabilities $-277.00K USD 1 Quarter
Provision for write-off of property, plant and equipment ImpairmentOfLongLivedAssetsHeldForUse $152.00K USD 1 Quarter
Provision for write-off of property, plant and equipment ImpairmentOfLongLivedAssetsHeldForUse $1.00K USD 1 Quarter
Gain on disposition of assets GainLossOnSaleOfPropertyPlantEquipment $1.06M USD 1 Quarter
Gain on disposition of assets GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Excess tax benefit of options exercised ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $39.00K USD 1 Quarter
Excess tax benefit of options exercised ExcessTaxBenefitFromShareBasedCompensationOperatingActivities $261.00K USD 1 Quarter
Compensation and benefits paid or payable in Class A Common Stock RestrictedStockExpense $576.00K USD 1 Quarter
Compensation and benefits paid or payable in Class A Common Stock RestrictedStockExpense $542.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $-10.96M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $13.70M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $3.07M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $9.00M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.71M USD 1 Quarter
Prepaid expenses and other current assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $2.15M USD 1 Quarter
Income taxes prepaid and receivable IncreaseDecreaseInIncomeTaxesReceivable $-84.00K USD 1 Quarter
Income taxes prepaid and receivable IncreaseDecreaseInIncomeTaxesReceivable $-21.00K USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $3.51M USD 1 Quarter
Accounts payable IncreaseDecreaseInAccountsPayable $-1.29M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-12.85M USD 1 Quarter
Accrued liabilities IncreaseDecreaseInAccruedLiabilities $-1.59M USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedTaxesPayable $-398.00K USD 1 Quarter
Income taxes payable IncreaseDecreaseInAccruedTaxesPayable $-1.71M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $2.46M USD 1 Quarter
Other, net IncreaseDecreaseInOtherOperatingCapitalNet $2.03M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $6.41M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $8.85M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $12.21M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $14.60M USD 1 Quarter
Purchased software PaymentsToAcquireSoftware $294.00K USD 1 Quarter
Purchased software PaymentsToAcquireSoftware $33.00K USD 1 Quarter
Proceeds from sale of assets ProceedsFromSaleOfProductiveAssets $2.80M USD 1 Quarter
Proceeds from sale of assets ProceedsFromSaleOfProductiveAssets - USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-14.90M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-9.45M USD 1 Quarter
Proceeds from borrowings ProceedsFromIssuanceOfDebt $4.43M USD 1 Quarter
Proceeds from borrowings ProceedsFromIssuanceOfDebt $15.27M USD 1 Quarter
Principal payments on debt RepaymentsOfDebt $6.52M USD 1 Quarter
Principal payments on debt RepaymentsOfDebt $5.44M USD 1 Quarter
Proceeds from options exercised ProceedsFromStockOptionsExercised $126.00K USD 1 Quarter
Proceeds from options exercised ProceedsFromStockOptionsExercised $685.00K USD 1 Quarter
Excess tax benefit of options exercised ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $261.00K USD 1 Quarter
Excess tax benefit of options exercised ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $39.00K USD 1 Quarter
Dividends paid PaymentsOfDividends $5.10M USD 1 Quarter
Dividends paid PaymentsOfDividends $4.76M USD 1 Quarter
Net cash provided by/(used in) financing activities NetCashProvidedByUsedInFinancingActivities $-6.68M USD 1 Quarter
Net cash provided by/(used in) financing activities NetCashProvidedByUsedInFinancingActivities $5.68M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-11.61M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-1.56M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-14.29M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-8.96M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $170.84M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $179.80M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $208.38M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $222.67M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $170.84M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $179.80M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $208.38M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $222.67M USD Point-in-time
Comprehensive Income 24 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $10.69M USD 1 Quarter
Net income ProfitLoss $12.24M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $-35.68M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentBeforeTaxPortionAttributableToParent $-5.23M USD 1 Quarter
Prior service (credit)/cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax $-1.11M USD 1 Quarter
Prior service (credit)/cost OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax $-1.11M USD 1 Quarter
Net actuarial loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $-1.33M USD 1 Quarter
Net actuarial loss OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax $-1.50M USD 1 Quarter
Payments related to derivatives included in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $-486.00K USD 1 Quarter
Payments related to derivatives included in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax $-478.00K USD 1 Quarter
Derivative valuation adjustment OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-1.11M USD 1 Quarter
Derivative valuation adjustment OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax $-360.00K USD 1 Quarter
Amortization of pension liability adjustment OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax $139.00K USD 1 Quarter
Amortization of pension liability adjustment OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansTax $88.00K USD 1 Quarter
Payments related to derivatives included in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax $-186.00K USD 1 Quarter
Payments related to derivatives included in earnings OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesTax $-190.00K USD 1 Quarter
Derivative valuation adjustment OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $-432.00K USD 1 Quarter
Derivative valuation adjustment OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax $-140.00K USD 1 Quarter
Comprehensive (loss)/income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $5.67M USD 1 Quarter
Comprehensive (loss)/income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-23.57M USD 1 Quarter
Net income attributable to the noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $27.00K USD 1 Quarter
Net income attributable to the noncontrolling interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $72.00K USD 1 Quarter
Comprehensive (loss)/income attributable to the Company ComprehensiveIncomeNetOfTax $-23.59M USD 1 Quarter
Comprehensive (loss)/income attributable to the Company ComprehensiveIncomeNetOfTax $5.60M USD 1 Quarter

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

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