10-Q Filing

COMMSCOPE HOLDING COMPANY, INC. CIK: 1517228 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001193125-16-559898`
Period End Date	20160331
Filing Date	20160428
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	comm-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 49 Cash Flow Statement 53 Stockholders Equity 14

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$18.52M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$19.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$729.32M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$735.14M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$562.88M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$258.89M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$243.81M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$688.37M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $18,525 and $19,392, respectively	`AccountsReceivableNetCurrent`	$924.22M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $18,525 and $19,392, respectively	`AccountsReceivableNetCurrent`	$833.04M	USD	Point-in-time
Inventories, net	`InventoryNet`	$464.46M	USD	Point-in-time
Inventories, net	`InventoryNet`	$441.81M	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
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$166.90M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$149.93M	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
Total current assets	`AssetsCurrent`	$2.23B	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.00B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $258,890 and $243,806, respectively	`PropertyPlantAndEquipmentNet`	$519.93M	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
Property, plant and equipment, net of accumulated depreciation of $258,890 and $243,806, respectively	`PropertyPlantAndEquipmentNet`	$528.71M	USD	Point-in-time
Goodwill	`Goodwill`	$2.72B	USD	Point-in-time
Goodwill	`Goodwill`	$2.69B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.30B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.30B	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	191.86M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	191.37M	shares	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$2.15B	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$2.08B	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$131.17M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	191.37M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$129.34M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	191.86M	shares	Point-in-time
Total assets	`Assets`	$7.67B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.09M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	986,222.00	shares	Point-in-time
Total assets	`Assets`	$7.50B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$300.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$388.00M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$397.66M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$371.74M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$12.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$12.52M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$798.16M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$685.09M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.23B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$5.23B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$202.49M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$190.94M	USD	Point-in-time
Pension and other postretirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$40.33M	USD	Point-in-time
Pension and other postretirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$37.10M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$124.10M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$123.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$6.38B	USD	Point-in-time
Total liabilities	`Liabilities`	$6.28B	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, 2016 or December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value: Authorized shares: 200,000,000; Issued and outstanding shares: None at March 31, 2016 or December 31, 2015	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $.01 par value: Authorized shares: 1,300,000,000; Issued and outstanding shares: 191,863,546 and 191,368,727 at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$1.93M	USD	Point-in-time
Common stock, $.01 par value: Authorized shares: 1,300,000,000; Issued and outstanding shares: 191,863,546 and 191,368,727 at March 31, 2016 and December 31, 2015, respectively	`CommonStockValue`	$1.92M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.22B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.23B	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-799.81M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-812.39M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-126.85M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-171.68M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-117.61M	USD	Point-in-time
Treasury stock, at cost: 1,094,031 shares and 986,222 shares at March 31, 2016 and December 31, 2015, respectively	`TreasuryStockValue`	$14.05M	USD	Point-in-time
Treasury stock, at cost: 1,094,031 shares and 986,222 shares at March 31, 2016 and December 31, 2015, respectively	`TreasuryStockValue`	$11.33M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.29B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.34B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.22B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.50B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.67B	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.14B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$825.40M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$696.89M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$532.20M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$125.67M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$209.20M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$27.74M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$52.19M	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$44.79M	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$73.62M	USD	1 Quarter
Restructuring costs, net	`RestructuringChargesNet`	$6.07M	USD	1 Quarter
Restructuring costs, net	`RestructuringChargesNet`	$1.87M	USD	1 Quarter
Asset impairments	`AssetImpairmentCharges`	$15.29M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.05B	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`	$90.72M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$301.00K	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.63M	USD	1 Quarter
Interest expense	`InterestExpense`	$36.33M	USD	1 Quarter
Interest expense	`InterestExpense`	$72.56M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.03M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.58M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.04M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$60.47M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.46M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$20.99M	USD	1 Quarter
Net income	`NetIncomeLoss`	$39.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.58M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.21	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.20	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	191.64M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	188.48M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	193.14M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	195.46M	shares	1 Quarter
Net income	`NetIncomeLoss`	$39.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.58M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$46.28M	USD	1 Quarter
Foreign currency translation gain (loss)	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-29.49M	USD	1 Quarter
Pension and other postretirement benefit activity	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$-731.00K	USD	1 Quarter
Pension and other postretirement benefit activity	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$-1.59M	USD	1 Quarter
Available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-723.00K	USD	1 Quarter
Available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-2.99M	USD	1 Quarter
Total other comprehensive gain (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-34.06M	USD	1 Quarter
Total other comprehensive gain (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$44.83M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$5.41M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$57.41M	USD	1 Quarter

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$39.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.58M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$59.45M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$96.94M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$5.25M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$8.84M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-10.44M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-13.62M	USD	1 Quarter
Asset impairments	`AssetImpairmentCharges`	$15.29M	USD	1 Quarter
Excess tax benefits from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$10.41M	USD	1 Quarter
Excess tax benefits from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationOperatingActivities`	$1.38M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$58.76M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$95.32M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.86M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-5.79M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.13M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.38M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$12.68M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$73.02M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$1.75M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$929.00K	USD	1 Quarter
Net cash generated by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$118.09M	USD	1 Quarter
Net cash generated by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.24M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.47M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$8.21M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.68M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$125.00K	USD	1 Quarter
Net purchase price adjustment	`PaymentsForProceedsFromPreviousAcquisition`	$-15.36M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-474.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.63M	USD	1 Quarter
Net cash generated by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$5.04M	USD	1 Quarter
Net cash generated by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-5.46M	USD	1 Quarter
Long-term debt repaid	`RepaymentsOfLongTermDebt`	$3.15M	USD	1 Quarter
Long-term debt repaid	`RepaymentsOfLongTermDebt`	$2.20M	USD	1 Quarter
Proceeds from the issuance of common shares under equity-based compensation plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.49M	USD	1 Quarter
Proceeds from the issuance of common shares under equity-based compensation plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$12.00M	USD	1 Quarter
Excess tax benefits from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$10.41M	USD	1 Quarter
Excess tax benefits from equity-based compensation	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$1.38M	USD	1 Quarter
Tax withholding payments for vested equity-based compensation awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.72M	USD	1 Quarter
Net cash generated by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-3.00M	USD	1 Quarter
Net cash generated by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$20.21M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$5.35M	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`	$125.48M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$5.82M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$729.32M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$735.14M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$562.88M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$688.37M	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`	$735.14M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$562.88M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$688.37M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, Shares	`CommonStockSharesOutstanding`	191.37M	shares	Point-in-time
Beginning balance, Shares	`CommonStockSharesOutstanding`	191.86M	shares	Point-in-time
Ending balance, Shares	`CommonStockSharesOutstanding`	191.37M	shares	Point-in-time
Ending balance, Shares	`CommonStockSharesOutstanding`	191.86M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$1.29B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.34B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.22B	USD	Point-in-time
Net income	`NetIncomeLoss`	$39.48M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.58M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-34.06M	USD	1 Quarter
Other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$44.83M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.29B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.34B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.22B	USD	Point-in-time

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