10-Q Filing

COMMSCOPE HOLDING COMPANY, INC. CIK: 1517228 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001193125-15-157237`
Period End Date	20150331
Filing Date	20150430
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	comm-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 84 Income Statement 47 Cash Flow Statement 51 Stockholders Equity 12

Balance Sheet 84 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.80M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$8.41M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$735.14M	USD	Point-in-time
Property, plant and equipment, other, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$207.34M	USD	Point-in-time
Property, plant and equipment, other, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$213.35M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$346.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$729.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$305.19M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $8,410 and $8,797, respectively	`AccountsReceivableNetCurrent`	$689.57M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $8,410 and $8,797, respectively	`AccountsReceivableNetCurrent`	$612.01M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, net	`InventoryNet`	$367.19M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$353.06M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$67.88M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$65.15M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Deferred income taxes	`DeferredIncomeTaxesAndOtherAssetsCurrent`	$51.23M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxesAndOtherAssetsCurrent`	$45.02M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.89B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.83B	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.30B	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $213,355 and $207,342, respectively	`PropertyPlantAndEquipmentNet`	$289.37M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $213,355 and $207,342, respectively	`PropertyPlantAndEquipmentNet`	$282.24M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.30B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	189.41M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	187.83M	shares	Point-in-time
Goodwill	`Goodwill`	$1.45B	USD	Point-in-time
Goodwill	`Goodwill`	$1.45B	USD	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.21B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	187.83M	shares	Point-in-time
Other intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.26B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	189.41M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	961,566.00	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	961,566.00	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$123.60M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$126.08M	USD	Point-in-time
Total assets	`Assets`	$4.96B	USD	Point-in-time
Total assets	`Assets`	$4.96B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$177.81M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$234.03M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$289.01M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$236.38M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$9.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$8.97M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$475.81M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$479.39M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.70B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.70B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$339.94M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$318.21M	USD	Point-in-time
Pension and other postretirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$29.48M	USD	Point-in-time
Pension and other postretirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$23.21M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$104.31M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$101.10M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.65B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.62B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value: Authorized shares: 200,000,000; Issued and outstanding shares: None at March 31, 2015 or December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value: Authorized shares: 200,000,000; Issued and outstanding shares: None at March 31, 2015 or December 31, 2014	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value: Authorized shares: 1,300,000,000; Issued and outstanding shares: 189,409,474 and 187,831,389 at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$1.89M	USD	Point-in-time
Common stock, $.01 par value: Authorized shares: 1,300,000,000; Issued and outstanding shares: 189,409,474 and 187,831,389 at March 31, 2015 and December 31, 2014, respectively	`CommonStockValue`	$1.90M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.14B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$2.17B	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-702.04M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-741.52M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-117.61M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-83.55M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-26.20M	USD	Point-in-time
Treasury stock, at cost: 961,566 shares at March 31, 2015 and December 31, 2014	`TreasuryStockValue`	$10.63M	USD	Point-in-time
Treasury stock, at cost: 961,566 shares at March 31, 2015 and December 31, 2014	`TreasuryStockValue`	$10.63M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.31B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.34B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.16B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.96B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$4.96B	USD	Point-in-time

Income Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$825.40M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$935.04M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$532.20M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$597.33M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$125.67M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$113.03M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$31.87M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$27.74M	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$44.79M	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$44.30M	USD	1 Quarter
Restructuring costs, net	`RestructuringChargesNet`	$1.98M	USD	1 Quarter
Restructuring costs, net	`RestructuringChargesNet`	$1.87M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$788.50M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$732.26M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$93.14M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$146.53M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-3.19M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$2.63M	USD	1 Quarter
Interest expense	`InterestExpense`	$42.28M	USD	1 Quarter
Interest expense	`InterestExpense`	$36.33M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.03M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$102.16M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$60.47M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$37.68M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$20.99M	USD	1 Quarter
Net income	`NetIncomeLoss`	$64.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.48M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.35	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.34	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	185.94M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	188.48M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	190.92M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.14M	shares	1 Quarter
Net income	`NetIncomeLoss`	$64.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.48M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$1.63M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-29.49M	USD	1 Quarter
Pension and other postretirement benefit activity	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$-1.59M	USD	1 Quarter
Pension and other postretirement benefit activity	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$-1.55M	USD	1 Quarter
Available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-2.99M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$76.00K	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-34.06M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$64.56M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.41M	USD	1 Quarter

Cash Flow Statement 51 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$64.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.48M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$59.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$59.46M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$5.25M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$3.68M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-13.62M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$7.34M	USD	1 Quarter
Excess tax benefits from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.54M	USD	1 Quarter
Excess tax benefits from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$10.41M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$101.79M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$95.32M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-5.79M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$38.64M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.13M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-4.34M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$12.68M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-31.06M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$1.76M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$929.00K	USD	1 Quarter
Net cash generated by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-35.49M	USD	1 Quarter
Net cash generated by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.24M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$6.67M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.21M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$125.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.18M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-46.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.63M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.46M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.45M	USD	1 Quarter
Long-term debt repaid	`RepaymentsOfLongTermDebt`	$17.56M	USD	1 Quarter
Long-term debt repaid	`RepaymentsOfLongTermDebt`	$2.20M	USD	1 Quarter
Long-term debt proceeds	`ProceedsFromIssuanceOfLongTermDebt`	$15.00M	USD	1 Quarter
Proceeds from the issuance of common shares under equity-based compensation plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$12.00M	USD	1 Quarter
Proceeds from the issuance of common shares under equity-based compensation plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.96M	USD	1 Quarter
Excess tax benefits from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.54M	USD	1 Quarter
Excess tax benefits from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$10.41M	USD	1 Quarter
Net cash generated by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$941.00K	USD	1 Quarter
Net cash generated by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$20.21M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.14M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-10.18M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.82M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-41.13M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$735.14M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$346.32M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$729.32M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$305.19M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$735.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$346.32M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$729.32M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$305.19M	USD	Point-in-time

Stockholders Equity 12 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, Shares	`CommonStockSharesOutstanding`	187.83M	shares	Point-in-time
Beginning balance, Shares	`CommonStockSharesOutstanding`	189.41M	shares	Point-in-time
Ending balance, Shares	`CommonStockSharesOutstanding`	187.83M	shares	Point-in-time
Ending balance, Shares	`CommonStockSharesOutstanding`	189.41M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$1.31B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.34B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.16B	USD	Point-in-time
Net income	`NetIncomeLoss`	$64.49M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.48M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.31B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.34B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.16B	USD	Point-in-time

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