10-Q Filing

MUELLER WATER PRODUCTS, INC. CIK: 1350593 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001350593-15-000010`
Period End Date	20141231
Filing Date	20150206
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	mwa-20141231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 34 Cash Flow Statement 62 Stockholders Equity 13 Comprehensive Income 12

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Series A common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Series A common stock, shares authorized	`CommonStockSharesAuthorized`	600.00M	shares	Point-in-time
Series A common stock, shares outstanding	`CommonStockSharesOutstanding`	159.76M	shares	Point-in-time
Series A common stock, shares outstanding	`CommonStockSharesOutstanding`	160.60M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$161.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$45.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$123.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$106.80M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$138.80M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$182.10M	USD	Point-in-time
Inventories	`InventoryNet`	$217.30M	USD	Point-in-time
Inventories	`InventoryNet`	$198.00M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$35.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxAssetsNetCurrent`	$38.60M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$44.10M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$53.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$623.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$489.90M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$143.40M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$146.30M	USD	Point-in-time
Identifiable intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$526.40M	USD	Point-in-time
Identifiable intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$533.60M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$17.30M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$13.30M	USD	Point-in-time
Total assets	`Assets`	$1.32B	USD	Point-in-time
Total assets	`Assets`	$1.18B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$46.20M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$6.10M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$116.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$76.70M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$82.20M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$59.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$142.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$244.40M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$499.40M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$493.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$150.40M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$142.30M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$74.50M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$71.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$965.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$852.60M	USD	Point-in-time
Common Stock	`CommonStockValue`	$1.60M	USD	Point-in-time
Common Stock	`CommonStockValue`	$1.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.58B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.58B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.19B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-1.17B	USD	Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-66.00M	USD	Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-60.70M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$322.90M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$350.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.60M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$1.50M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$351.60M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$324.40M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.32B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.18B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$261.80M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$257.40M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$190.30M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$190.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$71.30M	USD	1 Quarter
Gross profit	`GrossProfit`	$67.10M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$55.00M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$53.00M	USD	1 Quarter
Restructuring	`RestructuringCharges`	$100.00K	USD	1 Quarter
Restructuring	`RestructuringCharges`	$8.20M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$53.10M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$63.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$14.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$8.10M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-9.40M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-12.60M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-31.30M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$1.40M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-32.60M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$300.00K	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-12.40M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-20.20M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$1.10M	USD	1 Quarter
Net income (loss) per basic share	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Net income (loss) per basic share	`EarningsPerShareBasic`	$0.01	USD	1 Quarter
Net income (loss) per diluted share	`EarningsPerShareDiluted`	$0.01	USD	1 Quarter
Net income (loss) per diluted share	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Basic, in shares	`WeightedAverageNumberOfSharesOutstandingBasic`	160.10M	shares	1 Quarter
Basic, in shares	`WeightedAverageNumberOfSharesOutstandingBasic`	158.50M	shares	1 Quarter
Diluted, in shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	160.10M	shares	1 Quarter
Diluted, in shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	161.70M	shares	1 Quarter
Dividends declared per share, in dollars per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter
Dividends declared per share, in dollars per share	`CommonStockDividendsPerShareDeclared`	$0.02	USD	1 Quarter

Cash Flow Statement 62 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-20.20M	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$1.10M	USD	1 Quarter
Depreciation	`Depreciation`	$7.00M	USD	1 Quarter
Depreciation	`Depreciation`	$6.80M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$7.90M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$7.30M	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on early extinguishment of debt	`GainsLossesOnExtinguishmentOfDebt`	$-31.30M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$2.40M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.90M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$100.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-4.00M	USD	1 Quarter
Retirement plans	`PensionAndOtherPostretirementBenefitExpense`	$100.00K	USD	1 Quarter
Retirement plans	`PensionAndOtherPostretirementBenefitExpense`	$400.00K	USD	1 Quarter
Other, net	`OtherNoncashExpense`	$500.00K	USD	1 Quarter
Other, net	`OtherNoncashExpense`	$3.80M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-29.70M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-41.30M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$6.10M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$21.60M	USD	1 Quarter
Other current assets and other noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$700.00K	USD	1 Quarter
Other current assets and other noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$-200.00K	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-73.30M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-46.80M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-27.10M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-3.80M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.50M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.20M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$-300.00K	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Proceeds from Sale of Productive Assets	`ProceedsFromSaleOfProductiveAssets`	$200.00K	USD	1 Quarter
Proceeds from Sale of Productive Assets	`ProceedsFromSaleOfProductiveAssets`	$3.60M	USD	1 Quarter
Early repayment of debt	`EarlyRepaymentOfSeniorDebt`	$570.20M	USD	1 Quarter
Early repayment of debt	`EarlyRepaymentOfSeniorDebt`	-	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-3.30M	USD	1 Quarter
Net cash provided by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-7.30M	USD	1 Quarter
Debt borrowings	`ProceedsFromIssuanceOfSecuredDebt`	-	USD	1 Quarter
Debt borrowings	`ProceedsFromIssuanceOfSecuredDebt`	$497.50M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.80M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$2.80M	USD	1 Quarter
Common stock issued	`ProceedsFromIssuanceOfCommonStock`	$900.00K	USD	1 Quarter
Common stock issued	`ProceedsFromIssuanceOfCommonStock`	$1.50M	USD	1 Quarter
Shares retained for employee taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.20M	USD	1 Quarter
Shares retained for employee taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$3.00M	USD	1 Quarter
Payments of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	-	USD	1 Quarter
Payments of Debt Issuance Costs	`PaymentsOfDebtIssuanceCosts`	$7.90M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-200.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$400.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-84.30M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.50M	USD	1 Quarter
Effect of currency exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.30M	USD	1 Quarter
Effect of currency exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.20M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-16.80M	USD	1 Quarter
Net change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-116.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$161.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$45.10M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$123.60M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$106.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$161.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$45.10M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$123.60M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$106.80M	USD	Point-in-time

Stockholders Equity 13 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$351.60M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$324.40M	USD	Point-in-time
Dividends declared	`AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings`	$-2.80M	USD	1 Quarter
Stock-based compensation	`AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue`	$1.90M	USD	1 Quarter
Shares retained for employee taxes	`TreasuryStockValueAcquiredParValueMethod`	$2.20M	USD	1 Quarter
Stock issued under stock compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	$1.50M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-5.30M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-5.00M	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-20.20M	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$1.10M	USD	1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	`ProfitLoss`	$-20.30M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$351.60M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$324.40M	USD	Point-in-time

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-20.20M	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$1.10M	USD	1 Quarter
Minimum pension liability	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$5.20M	USD	1 Quarter
Minimum pension liability	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$4.90M	USD	1 Quarter
Income tax effects	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$1.90M	USD	1 Quarter
Income tax effects	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$2.00M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.00M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-2.10M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-5.30M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$-5.00M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTax`	$-25.50M	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTax`	$-3.90M	USD	1 Quarter

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