◆ Market Data --:--
Commodities
Loading...
📈 Yields & Rates
Loading...
💱 FX Rates
Loading...
📈 Market Pulse
Loading...
🏛 Congress Trades
Loading...
👤 Insider Trades
Loading...
Customize Items

10-Q Filing

WATTS WATER TECHNOLOGIES INC CIK: 795403 Q1 2014
Filing Information
Form Type 10-Q
Accession Number 0001104659-14-036517
Period End Date 20140331
Filing Date 20140508
Fiscal Year 2014
Fiscal Period Q1
XBRL Instance wts-20140330.xml
Filing Contents
Balance Sheet 79 line items
Line Item Tag Value Unit Period
Trade accounts receivable, allowance for doubtful accounts (in dollars) AllowanceForDoubtfulAccountsReceivableCurrent $9.70M USD Point-in-time
Trade accounts receivable, allowance for doubtful accounts (in dollars) AllowanceForDoubtfulAccountsReceivableCurrent $9.70M USD Point-in-time
Preferred Stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.10 USD Point-in-time
Preferred Stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.10 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $267.90M USD Point-in-time
Preferred Stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $271.30M USD Point-in-time
Preferred Stock, shares authorized PreferredStockSharesAuthorized 5.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $251.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $225.00M USD Point-in-time
Trade accounts receivable, less allowance for doubtful accounts of $9.7 million at March 30, 2014 and December 31, 2013 AccountsReceivableNetCurrent $212.90M USD 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
Trade accounts receivable, less allowance for doubtful accounts of $9.7 million at March 30, 2014 and December 31, 2013 AccountsReceivableNetCurrent $224.00M USD Point-in-time
Preferred Stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Preferred Stock, shares outstanding PreferredStockSharesOutstanding 0.00 shares Point-in-time
Raw materials InventoryRawMaterialsNetOfReserves $111.30M USD Point-in-time
Raw materials InventoryRawMaterialsNetOfReserves $113.50M USD Point-in-time
Work in process InventoryWorkInProcessNetOfReserves $19.10M USD Point-in-time
Work in process InventoryWorkInProcessNetOfReserves $18.70M USD Point-in-time
Finished goods InventoryFinishedGoodsNetOfReserves $179.80M USD Point-in-time
Finished goods InventoryFinishedGoodsNetOfReserves $191.60M USD Point-in-time
Total Inventories InventoryNet $310.20M USD Point-in-time
Total Inventories InventoryNet $323.80M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $35.00M USD Point-in-time
Prepaid expenses and other assets PrepaidExpenseAndOtherAssetsCurrent $36.90M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $29.80M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $28.10M USD Point-in-time
Asset held for sale AssetsHeldForSaleCurrent $1.30M USD Point-in-time
Asset held for sale AssetsHeldForSaleCurrent $1.30M USD Point-in-time
Total Current Assets AssetsCurrent $857.10M USD Point-in-time
Total Current Assets AssetsCurrent $839.10M USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $539.20M USD Point-in-time
Property, plant and equipment, at cost PropertyPlantAndEquipmentGross $542.50M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $326.50M USD Point-in-time
Accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $319.30M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $220.50M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $216.00M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $219.90M USD Point-in-time
Goodwill Goodwill $513.90M USD Point-in-time
Goodwill Goodwill $495.40M USD Point-in-time
Goodwill Goodwill $514.80M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $128.20M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $132.40M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $3.80M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetNoncurrent $4.30M USD Point-in-time
Other, net OtherAssetsNoncurrent $12.20M USD Point-in-time
Other, net OtherAssetsNoncurrent $13.70M USD Point-in-time
TOTAL ASSETS Assets $1.74B USD Point-in-time
TOTAL ASSETS Assets $1.70B USD Point-in-time
TOTAL ASSETS Assets $1.72B USD Point-in-time
Accounts payable AccountsPayableCurrent $145.60M USD Point-in-time
Accounts payable AccountsPayableCurrent $125.20M USD Point-in-time
Accrued expenses and other liabilities OtherLiabilitiesCurrent $135.20M USD Point-in-time
Accrued expenses and other liabilities OtherLiabilitiesCurrent $136.80M USD Point-in-time
Accrued compensation and benefits EmployeeRelatedLiabilitiesCurrent $42.80M USD Point-in-time
Accrued compensation and benefits EmployeeRelatedLiabilitiesCurrent $43.90M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $2.20M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $2.20M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $307.00M USD Point-in-time
Total Current Liabilities LiabilitiesCurrent $326.90M USD Point-in-time
LONG-TERM DEBT, NET OF CURRENT PORTION LongTermDebtNoncurrent $305.10M USD Point-in-time
LONG-TERM DEBT, NET OF CURRENT PORTION LongTermDebtNoncurrent $305.50M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxLiabilitiesNoncurrent $44.40M USD Point-in-time
DEFERRED INCOME TAXES DeferredTaxLiabilitiesNoncurrent $45.90M USD Point-in-time
OTHER NONCURRENT LIABILITIES OtherLiabilitiesNoncurrent $59.80M USD Point-in-time
OTHER NONCURRENT LIABILITIES OtherLiabilitiesNoncurrent $58.00M USD Point-in-time
Preferred Stock, $0.10 par value; 5,000,000 shares authorized; no shares issued or outstanding PreferredStockValue - USD Point-in-time
Preferred Stock, $0.10 par value; 5,000,000 shares authorized; no shares issued or outstanding PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $477.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapitalCommonStock $473.50M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $512.30M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $513.10M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $12.00M USD Point-in-time
Accumulated other comprehensive income AccumulatedOtherComprehensiveIncomeLossNetOfTax $7.90M USD Point-in-time
Total Stockholders' Equity StockholdersEquity $1.00B USD Point-in-time
Total Stockholders' Equity StockholdersEquity $1.00B USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $1.74B USD Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY LiabilitiesAndStockholdersEquity $1.72B USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $365.20M USD 1 Quarter
Net sales SalesRevenueNet $358.90M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $231.90M USD 1 Quarter
Cost of goods sold CostOfGoodsSold $230.00M USD 1 Quarter
GROSS PROFIT GrossProfit $133.30M USD 1 Quarter
GROSS PROFIT GrossProfit $128.90M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $98.10M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $103.30M USD 1 Quarter
Restructuring and other charges, net RestructuringSettlementAndImpairmentProvisions $4.20M USD 1 Quarter
Restructuring and other charges, net RestructuringSettlementAndImpairmentProvisions $2.20M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $25.80M USD 1 Quarter
OPERATING INCOME OperatingIncomeLoss $28.60M USD 1 Quarter
Interest income InvestmentIncomeInterest $100.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $100.00K USD 1 Quarter
Interest expense InterestExpense $6.00M USD 1 Quarter
Interest expense InterestExpense $4.90M USD 1 Quarter
Other expense, net OtherNonoperatingIncomeExpense $-400.00K USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-5.90M USD 1 Quarter
Total other expense NonoperatingIncomeExpense $-5.20M USD 1 Quarter
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $20.60M USD 1 Quarter
INCOME FROM CONTINUING OPERATIONS BEFORE INCOME TAXES IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $22.70M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $6.50M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $6.40M USD 1 Quarter
Net income from continuing operations IncomeLossFromContinuingOperations $14.10M USD 1 Quarter
Net income from continuing operations IncomeLossFromContinuingOperations $16.30M USD 1 Quarter
Loss from discontinued operations, net of tax IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-200.00K USD 1 Quarter
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $16.10M USD 1 Quarter
NET INCOME NetIncomeLossAvailableToCommonStockholdersBasic $14.10M USD 1 Quarter
Continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $0.46 USD 1 Quarter
Continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $0.40 USD 1 Quarter
Discontinued operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $-0.01 USD 1 Quarter
NET INCOME (in dollars per share) EarningsPerShareBasic $0.45 USD 1 Quarter
NET INCOME (in dollars per share) EarningsPerShareBasic $0.40 USD 1 Quarter
Weighted average number of shares (in shares) WeightedAverageNumberOfSharesOutstandingBasic 35.40M shares 1 Quarter
Weighted average number of shares (in shares) WeightedAverageNumberOfSharesOutstandingBasic 35.50M shares 1 Quarter
Continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.40 USD 1 Quarter
Continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.46 USD 1 Quarter
Discontinued operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $-0.01 USD 1 Quarter
NET INCOME (in dollars per share) EarningsPerShareDiluted $0.45 USD 1 Quarter
NET INCOME (in dollars per share) EarningsPerShareDiluted $0.40 USD 1 Quarter
Weighted average number of shares (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 35.50M shares 1 Quarter
Weighted average number of shares (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 35.60M shares 1 Quarter
Dividends per share (in dollars per share) CommonStockDividendsPerShareCashPaid $0.13 USD 1 Quarter
Dividends per share (in dollars per share) CommonStockDividendsPerShareCashPaid $0.11 USD 1 Quarter
Cash Flow Statement 63 line items
Line Item Tag Value Unit Period
Net income NetIncomeLossAvailableToCommonStockholdersBasic $16.10M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $14.10M USD 1 Quarter
Less: (Loss) income from discontinued operations, net of taxes IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-200.00K USD 1 Quarter
Net income from continuing operations IncomeLossFromContinuingOperations $14.10M USD 1 Quarter
Net income from continuing operations IncomeLossFromContinuingOperations $16.30M USD 1 Quarter
Depreciation Depreciation $8.20M USD 1 Quarter
Depreciation Depreciation $8.50M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $3.70M USD 1 Quarter
Amortization of intangibles AmortizationOfIntangibleAssets $3.70M USD 1 Quarter
Loss (gain) on disposal and impairment of goodwill, property, plant and equipment and other GainLossOnDisposalAndImpairmentOfPropertyPlantAndEquipment $100.00K USD 1 Quarter
Loss (gain) on disposal and impairment of goodwill, property, plant and equipment and other GainLossOnDisposalAndImpairmentOfPropertyPlantAndEquipment $-100.00K USD 1 Quarter
Stock-based compensation ShareBasedCompensation $1.70M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $1.60M USD 1 Quarter
Deferred income tax benefit DeferredIncomeTaxNoncashExpenseBenefit $-400.00K USD 1 Quarter
Deferred income tax benefit DeferredIncomeTaxNoncashExpenseBenefit $-500.00K USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $14.10M USD 1 Quarter
Accounts receivable IncreaseDecreaseInAccountsReceivable $11.80M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $15.30M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $11.80M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $5.20M USD 1 Quarter
Prepaid expenses and other assets IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets $1.30M USD 1 Quarter
Accounts payable, accrued expenses and other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-400.00K USD 1 Quarter
Accounts payable, accrued expenses and other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-17.70M USD 1 Quarter
Net cash used in continuing operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-2.00M USD 1 Quarter
Net cash used in continuing operations NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-18.70M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $11.00M USD 1 Quarter
Additions to property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $5.00M USD 1 Quarter
Proceeds from the sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $100.00K USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-11.00M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-4.90M USD 1 Quarter
Payments of long-term debt RepaymentsOfLongTermDebt $400.00K USD 1 Quarter
Payments of long-term debt RepaymentsOfLongTermDebt $500.00K USD 1 Quarter
Payment of capital leases and other RepaymentsOfLongTermCapitalLeaseAndOtherObligations $2.50M USD 1 Quarter
Payment of capital leases and other RepaymentsOfLongTermCapitalLeaseAndOtherObligations $1.30M USD 1 Quarter
Proceeds from share transactions under employee stock plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $400.00K USD 1 Quarter
Proceeds from share transactions under employee stock plans ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions $1.40M USD 1 Quarter
Tax benefit of stock awards exercised ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $500.00K USD 1 Quarter
Tax benefit of stock awards exercised ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $500.00K USD 1 Quarter
Payments to repurchase common stock PaymentsForRepurchaseOfCommonStock $9.40M USD 1 Quarter
Debt issue costs PaymentsOfDebtIssuanceCosts $2.00M USD 1 Quarter
Dividends PaymentsOfOrdinaryDividends $4.60M USD 1 Quarter
Dividends PaymentsOfOrdinaryDividends $3.90M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-18.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-3.80M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-1.30M USD 1 Quarter
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-3.30M USD 1 Quarter
Net cash used in operating activities of discontinued operations CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations $-200.00K USD 1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-20.30M USD 1 Quarter
DECREASE IN CASH AND CASH EQUIVALENTS CashAndCashEquivalentsPeriodIncreaseDecrease $-42.90M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $267.90M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $271.30M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $251.00M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $225.00M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $267.90M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $271.30M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $251.00M USD Point-in-time
CASH AND CASH EQUIVALENTS AT END OF PERIOD CashAndCashEquivalentsAtCarryingValueIncludingDiscontinuedOperations $225.00M USD Point-in-time
Issuance of stock under management stock purchase plan NoncashInvestingAndFinancingStockIssuedNetOfWithholding $400.00K USD 1 Quarter
Issuance of stock under management stock purchase plan NoncashInvestingAndFinancingStockIssuedNetOfWithholding $200.00K USD 1 Quarter
Interest InterestPaid $600.00K USD 1 Quarter
Interest InterestPaid $300.00K USD 1 Quarter
Income taxes IncomeTaxesPaid $10.00M USD 1 Quarter
Income taxes IncomeTaxesPaid $8.00M USD 1 Quarter
Comprehensive Income 10 line items
Line Item Tag Value Unit Period
Net income NetIncomeLossAvailableToCommonStockholdersBasic $16.10M USD 1 Quarter
Net income NetIncomeLossAvailableToCommonStockholdersBasic $14.10M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-4.30M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent $-19.90M USD 1 Quarter
Amortization of net losses included in net periodic pension cost OtherComprehensiveIncomeAmortizationOfNetLossesIncludedInNetPeriodicPensionCost $200.00K USD 1 Quarter
Amortization of net losses included in net periodic pension cost OtherComprehensiveIncomeAmortizationOfNetLossesIncludedInNetPeriodicPensionCost $200.00K USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-19.70M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-4.10M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-3.60M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $10.00M USD 1 Quarter

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

NEWS
Loading news...
TRENDING
Loading...