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10-Q Filing

MUELLER WATER PRODUCTS, INC. CIK: 1350593 Q1 2017
Filing Information
Form Type 10-Q
Accession Number 0001350593-17-000017
Period End Date 20161231
Filing Date 20170208
Fiscal Year 2017
Fiscal Period Q1
XBRL Instance mwa-20161231.xml
Balance Sheet 64 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 161.69M shares Point-in-time
Series A common stock, shares outstanding CommonStockSharesOutstanding 0.00 shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $195.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $104.50M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $113.10M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $172.30M USD Point-in-time
Receivables, net AccountsReceivableNetCurrent $131.80M USD Point-in-time
Receivables, net AccountsReceivableNetCurrent $104.20M USD Point-in-time
Inventories InventoryNet $130.70M USD Point-in-time
Inventories InventoryNet $142.70M USD Point-in-time
Other current assets OtherAssetsCurrent $13.60M USD Point-in-time
Other current assets OtherAssetsCurrent $12.70M USD Point-in-time
Current assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $142.10M USD Point-in-time
Current assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $233.90M USD Point-in-time
Total current assets AssetsCurrent $666.70M USD Point-in-time
Total current assets AssetsCurrent $612.30M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $106.80M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $108.40M USD Point-in-time
Identifiable intangible assets IntangibleAssetsNetExcludingGoodwill $434.60M USD Point-in-time
Identifiable intangible assets IntangibleAssetsNetExcludingGoodwill $429.80M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $25.40M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $25.10M USD Point-in-time
Noncurrent assets held for sale DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent - USD Point-in-time
Noncurrent assets held for sale DisposalGroupIncludingDiscontinuedOperationAssetsNoncurrent $99.90M USD Point-in-time
Total assets Assets $1.28B USD Point-in-time
Total assets Assets $1.23B USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $5.60M USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $5.60M USD Point-in-time
Accounts payable AccountsPayableCurrent $73.70M USD Point-in-time
Accounts payable AccountsPayableCurrent $45.40M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $61.70M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $40.20M USD Point-in-time
Current liabilities held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent $44.80M USD Point-in-time
Current liabilities held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent $44.50M USD Point-in-time
Total current liabilities LiabilitiesCurrent $135.70M USD Point-in-time
Total current liabilities LiabilitiesCurrent $185.80M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $478.80M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $478.00M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $111.40M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $109.90M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $85.80M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $80.00M USD Point-in-time
Noncurrent liabilities held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent - USD Point-in-time
Noncurrent liabilities held for sale LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationNoncurrent $800.00K USD Point-in-time
Total liabilities Liabilities $861.10M USD Point-in-time
Total liabilities Liabilities $805.10M 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 $1.56B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.56B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.07B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-1.08B USD Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-66.30M USD Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-68.30M USD Point-in-time
Total stockholders' equity StockholdersEquity $418.30M USD Point-in-time
Total stockholders' equity StockholdersEquity $422.10M USD Point-in-time
Noncontrolling interest MinorityInterest $1.20M USD Point-in-time
Noncontrolling interest MinorityInterest $1.20M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $423.30M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $419.50M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.28B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.23B USD Point-in-time
Income Statement 44 line items
Line Item Tag Value Unit Period
Net sales SalesRevenueNet $167.20M USD 1 Quarter
Net sales SalesRevenueNet $163.10M USD 1 Quarter
Cost of sales CostOfRevenue $115.50M USD 1 Quarter
Cost of sales CostOfRevenue $115.50M USD 1 Quarter
Gross profit GrossProfit $51.70M USD 1 Quarter
Gross profit GrossProfit $47.60M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $36.50M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $35.40M USD 1 Quarter
Restructuring RestructuringCharges $800.00K USD 1 Quarter
Restructuring RestructuringCharges $1.30M USD 1 Quarter
Total operating expenses OperatingExpenses $37.80M USD 1 Quarter
Total operating expenses OperatingExpenses $36.20M USD 1 Quarter
Operating income OperatingIncomeLoss $13.90M USD 1 Quarter
Operating income OperatingIncomeLoss $11.40M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-6.10M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-6.40M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $5.30M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $7.50M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $1.30M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $2.10M USD 1 Quarter
Income (loss) from continuing operations IncomeLossFromContinuingOperations $4.00M USD 1 Quarter
Income (loss) from continuing operations IncomeLossFromContinuingOperations $5.40M USD 1 Quarter
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $1.30M USD 1 Quarter
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $2.20M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $6.70M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $6.20M USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $0.02 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $0.03 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.02 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.01 USD 1 Quarter
Net income (loss) per basic share EarningsPerShareBasic $0.04 USD 1 Quarter
Net income (loss) per basic share EarningsPerShareBasic $0.04 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $0.03 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerDilutedShare $0.02 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.02 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.01 USD 1 Quarter
Net income (loss) per diluted share EarningsPerShareDiluted $0.04 USD 1 Quarter
Net income (loss) per diluted share EarningsPerShareDiluted $0.04 USD 1 Quarter
Basic, in shares WeightedAverageNumberOfSharesOutstandingBasic 161.80M shares 1 Quarter
Basic, in shares WeightedAverageNumberOfSharesOutstandingBasic 160.80M shares 1 Quarter
Diluted, in shares WeightedAverageNumberOfDilutedSharesOutstanding 163.20M shares 1 Quarter
Diluted, in shares WeightedAverageNumberOfDilutedSharesOutstanding 164.60M 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 $0.03 USD 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net Income (Loss) Attributable to Parent NetIncomeLoss $6.70M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $6.20M USD 1 Quarter
Less: income (loss) from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $1.30M USD 1 Quarter
Less: income (loss) from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $2.20M USD 1 Quarter
Income (loss) from continuing operations IncomeLossFromContinuingOperations $5.40M USD 1 Quarter
Income (loss) from continuing operations IncomeLossFromContinuingOperations $4.00M USD 1 Quarter
Depreciation Depreciation $4.40M USD 1 Quarter
Depreciation Depreciation $4.90M USD 1 Quarter
Amortization AdjustmentForAmortization $5.20M USD 1 Quarter
Amortization AdjustmentForAmortization $5.40M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.10M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.80M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-2.10M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-200.00K USD 1 Quarter
Retirement plans PensionAndOtherPostretirementBenefitExpense $800.00K USD 1 Quarter
Retirement plans PensionAndOtherPostretirementBenefitExpense $1.20M USD 1 Quarter
Other, net OtherNoncashExpense $300.00K USD 1 Quarter
Other, net OtherNoncashExpense $600.00K USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-21.90M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-27.40M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $8.10M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $12.20M USD 1 Quarter
Other current assets and other noncurrent assets IncreaseDecreaseInOtherOperatingAssets $800.00K USD 1 Quarter
Other current assets and other noncurrent assets IncreaseDecreaseInOtherOperatingAssets $2.10M USD 1 Quarter
Accounts payable and other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-36.30M USD 1 Quarter
Accounts payable and other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-50.80M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-19.90M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $-8.30M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $4.70M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $4.20M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-4.20M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-4.70M USD 1 Quarter
Repayments of debt RepaymentsOfSecuredDebt $1.30M USD 1 Quarter
Repayments of debt RepaymentsOfSecuredDebt $1.30M USD 1 Quarter
Dividends paid PaymentsOfDividends $3.20M USD 1 Quarter
Dividends paid PaymentsOfDividends $4.80M USD 1 Quarter
Excess tax benefit on stock option exercises ProceedsAndExcessTaxBenefitFromSharebasedCompensation - USD 1 Quarter
Excess tax benefit on stock option exercises ProceedsAndExcessTaxBenefitFromSharebasedCompensation $700.00K USD 1 Quarter
Common stock issued ProceedsFromIssuanceOfCommonStock $400.00K USD 1 Quarter
Common stock issued ProceedsFromIssuanceOfCommonStock $400.00K USD 1 Quarter
Shares retained for employee taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.50M USD 1 Quarter
Shares retained for employee taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.90M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $100.00K USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $2.10M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-4.20M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-8.10M USD 1 Quarter
Operating activities CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations $12.40M USD 1 Quarter
Operating activities CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations $10.80M USD 1 Quarter
Investing activities CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations $-1.60M USD 1 Quarter
Investing activities CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations $-2.10M USD 1 Quarter
Financing activities CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations $100.00K USD 1 Quarter
Financing activities CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations $-100.00K USD 1 Quarter
Net cash provided by (used in) discontinued operations NetCashProvidedByUsedInDiscontinuedOperations $9.30M USD 1 Quarter
Net cash provided by (used in) discontinued operations NetCashProvidedByUsedInDiscontinuedOperations $10.20M USD 1 Quarter
Effect of currency exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-700.00K USD 1 Quarter
Effect of currency exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-700.00K USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-8.60M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-22.70M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $195.00M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $104.50M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $113.10M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $172.30M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $104.50M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $113.10M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $195.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $172.30M USD Point-in-time
Stockholders Equity 12 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $423.30M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $419.50M USD Point-in-time
Dividends declared AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings $4.80M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.00M USD 1 Quarter
Shares retained for employee taxes TreasuryStockValueAcquiredParValueMethod $2.50M USD 1 Quarter
Stock issued under stock compensation plans StockIssuedDuringPeriodValueShareBasedCompensation $400.00K USD 1 Quarter
Other Comprehensive Income (Loss), Net of Tax OtherComprehensiveIncomeLossNetOfTax $2.00M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $6.70M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $6.20M USD 1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ProfitLoss $6.70M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $423.30M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $419.50M USD Point-in-time
Comprehensive Income 17 line items
Line Item Tag Value Unit Period
Net Income (Loss) Attributable to Parent NetIncomeLoss $6.70M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $6.20M USD 1 Quarter
Minimum pension liability OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $4.20M USD 1 Quarter
Minimum pension liability OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-1.00M USD 1 Quarter
Income tax effects OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-400.00K USD 1 Quarter
Income tax effects OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $1.60M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.50M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.50M USD 1 Quarter
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $4.70M USD 1 Quarter
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $700.00K USD 1 Quarter
Income tax effects OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $300.00K USD 1 Quarter
Income tax effects OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $1.80M USD 1 Quarter
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $2.00M USD 1 Quarter
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-3.70M USD 1 Quarter
Other Comprehensive Income (Loss), Net of Tax OtherComprehensiveIncomeLossNetOfTax $2.00M USD 1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent ComprehensiveIncomeNetOfTax $8.70M USD 1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent ComprehensiveIncomeNetOfTax $2.50M USD 1 Quarter

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

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