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10-Q Filing

MUELLER WATER PRODUCTS, INC. CIK: 1350593 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001350593-18-000017
Period End Date 20171231
Filing Date 20180208
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance mwa-20171231.xml
Balance Sheet 59 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 0.00 shares Point-in-time
Series A common stock, shares outstanding CommonStockSharesOutstanding 161.69M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $348.30M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $348.30M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $172.30M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $361.70M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $195.00M USD Point-in-time
Receivables, net AccountsReceivableNetCurrent $107.40M USD Point-in-time
Receivables, net AccountsReceivableNetCurrent $145.30M USD Point-in-time
Inventories InventoryNet $138.90M USD Point-in-time
Inventories InventoryNet $155.20M USD Point-in-time
Other current assets OtherAssetsCurrent $24.40M USD Point-in-time
Other current assets OtherAssetsCurrent $26.50M USD Point-in-time
Total current assets AssetsCurrent $670.30M USD Point-in-time
Total current assets AssetsCurrent $637.40M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $122.30M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $122.30M USD Point-in-time
Identifiable intangible assets IntangibleAssetsNetExcludingGoodwill $434.60M USD Point-in-time
Identifiable intangible assets IntangibleAssetsNetExcludingGoodwill $439.30M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $25.90M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $26.40M USD Point-in-time
Total assets Assets $1.22B USD Point-in-time
Total assets Assets $1.26B 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 $82.50M USD Point-in-time
Accounts payable AccountsPayableCurrent $51.30M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $46.10M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $53.50M USD Point-in-time
Total current liabilities LiabilitiesCurrent $141.60M USD Point-in-time
Total current liabilities LiabilitiesCurrent $103.00M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $475.00M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $474.30M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $76.20M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $115.10M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $32.40M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $37.10M USD Point-in-time
Total liabilities Liabilities $685.90M USD Point-in-time
Total liabilities Liabilities $768.80M 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 $1.49B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.48B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-955.60M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-900.50M USD Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-50.20M USD Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-51.80M USD Point-in-time
Total stockholders' equity StockholdersEquity $533.30M USD Point-in-time
Total stockholders' equity StockholdersEquity $488.40M USD Point-in-time
Noncontrolling interest MinorityInterest $1.10M USD Point-in-time
Noncontrolling interest MinorityInterest $1.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $489.50M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $489.50M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $534.30M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $534.30M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.26B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.22B USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Revenue, Net SalesRevenueNet $167.20M USD 1 Quarter
Revenue, Net SalesRevenueNet $178.30M USD 1 Quarter
Cost of sales CostOfRevenue $115.40M USD 1 Quarter
Cost of sales CostOfRevenue $122.90M USD 1 Quarter
Gross profit GrossProfit $51.80M USD 1 Quarter
Gross profit GrossProfit $55.40M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $36.30M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $39.80M USD 1 Quarter
Gain on sale of idle property GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Gain on sale of idle property GainLossOnSaleOfPropertyPlantEquipment $9.00M USD 1 Quarter
Restructuring RestructuringCharges $1.30M USD 1 Quarter
Restructuring RestructuringCharges $3.90M USD 1 Quarter
Total operating expenses OperatingExpenses $34.70M USD 1 Quarter
Total operating expenses OperatingExpenses $37.60M USD 1 Quarter
Operating income OperatingIncomeLoss $20.70M USD 1 Quarter
Operating income OperatingIncomeLoss $14.20M USD 1 Quarter
Defined Benefit Plan, Net Periodic Benefit Cost other than Service Cost DefinedBenefitPlanNetPeriodicBenefitCostotherthanServiceCost $200.00K USD 1 Quarter
Defined Benefit Plan, Net Periodic Benefit Cost other than Service Cost DefinedBenefitPlanNetPeriodicBenefitCostotherthanServiceCost $300.00K USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-6.40M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-5.20M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $7.50M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $15.30M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $2.10M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $-39.80M USD 1 Quarter
Income (loss) from continuing operations IncomeLossFromContinuingOperations $5.40M USD 1 Quarter
Income (loss) from continuing operations IncomeLossFromContinuingOperations $55.10M USD 1 Quarter
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 1 Quarter
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $1.30M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $55.10M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $6.70M USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $0.03 USD 1 Quarter
Continuing operations IncomeLossFromContinuingOperationsPerBasicShare $0.35 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $0.01 USD 1 Quarter
Net income (loss) per basic share EarningsPerShareBasic $0.35 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 $0.34 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare $0.01 USD 1 Quarter
Discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 1 Quarter
Net income (loss) per diluted share EarningsPerShareDiluted $0.34 USD 1 Quarter
Net income (loss) per diluted share EarningsPerShareDiluted $0.04 USD 1 Quarter
Basic, in shares WeightedAverageNumberOfSharesOutstandingBasic 158.50M shares 1 Quarter
Basic, in shares WeightedAverageNumberOfSharesOutstandingBasic 161.80M shares 1 Quarter
Diluted, in shares WeightedAverageNumberOfDilutedSharesOutstanding 160.00M shares 1 Quarter
Diluted, in shares WeightedAverageNumberOfDilutedSharesOutstanding 164.60M shares 1 Quarter
Dividends declared per share, in dollars per share CommonStockDividendsPerShareDeclared $0.04 USD 1 Quarter
Dividends declared per share, in dollars per share CommonStockDividendsPerShareDeclared $0.03 USD 1 Quarter
Cash Flow Statement 72 line items
Line Item Tag Value Unit Period
Stock repurchased under buyback program PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Stock repurchased under buyback program PaymentsForRepurchaseOfCommonStock $10.00M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $55.10M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $6.70M USD 1 Quarter
Less: income (loss) from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 1 Quarter
Less: income (loss) from discontinued operations IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $1.30M USD 1 Quarter
Income (loss) from continuing operations IncomeLossFromContinuingOperations $5.40M USD 1 Quarter
Income (loss) from continuing operations IncomeLossFromContinuingOperations $55.10M USD 1 Quarter
Depreciation Depreciation $4.90M USD 1 Quarter
Depreciation Depreciation $4.90M USD 1 Quarter
Amortization AdjustmentForAmortization $5.40M USD 1 Quarter
Amortization AdjustmentForAmortization $5.70M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.00M 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 $-39.70M USD 1 Quarter
Gain on sale of idle property GainLossOnSaleOfPropertyPlantEquipment $9.00M USD 1 Quarter
Gain on sale of idle property GainLossOnSaleOfPropertyPlantEquipment - USD 1 Quarter
Retirement plans PensionAndOtherPostretirementBenefitExpense $700.00K USD 1 Quarter
Retirement plans PensionAndOtherPostretirementBenefitExpense $800.00K USD 1 Quarter
Other, net OtherNoncashExpense $700.00K USD 1 Quarter
Other, net OtherNoncashExpense $300.00K USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-27.40M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-38.40M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $12.20M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $16.30M USD 1 Quarter
Other current assets and other noncurrent assets IncreaseDecreaseInOtherOperatingAssets $800.00K USD 1 Quarter
Other current assets and other noncurrent assets IncreaseDecreaseInOtherOperatingAssets $800.00K USD 1 Quarter
Accounts payable and other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-41.20M 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 $500.00K USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $4.20M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $6.40M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $1.00M USD 1 Quarter
Net cash provided by (used in) investing activities NetCashProvidedByUsedInInvestingActivitiesContinuingOperations $-4.20M USD 1 Quarter
Repayments of debt RepaymentsOfSecuredDebt $1.30M USD 1 Quarter
Repayments of debt RepaymentsOfSecuredDebt $1.20M USD 1 Quarter
Dividends paid PaymentsOfDividends $6.30M USD 1 Quarter
Dividends paid PaymentsOfDividends $4.80M USD 1 Quarter
Common stock issued ProceedsFromIssuanceOfCommonStock $400.00K USD 1 Quarter
Common stock issued ProceedsFromIssuanceOfCommonStock $4.30M USD 1 Quarter
Shares retained for employee taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.50M USD 1 Quarter
Shares retained for employee taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.80M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $100.00K USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities - USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-15.00M 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 - USD 1 Quarter
Investing activities CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations - USD 1 Quarter
Investing activities CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations $-2.10M USD 1 Quarter
Financing activities CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations - USD 1 Quarter
Financing activities CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations $-100.00K USD 1 Quarter
Net cash provided by (used in) discontinued operations NetCashProvidedByUsedInDiscontinuedOperations $10.20M USD 1 Quarter
Net cash provided by (used in) discontinued operations NetCashProvidedByUsedInDiscontinuedOperations - USD 1 Quarter
Effect of currency exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $100.00K 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 $-13.40M 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 $348.30M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $348.30M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $172.30M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $361.70M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $195.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $348.30M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $348.30M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $172.30M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $361.70M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $195.00M USD Point-in-time
Proceeds from sales of assets ProceedsFromSaleOfProductiveAssets $7.40M USD 1 Quarter
Proceeds from sales of assets ProceedsFromSaleOfProductiveAssets - USD 1 Quarter
Stockholders Equity 17 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $489.50M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $489.50M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $534.30M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $534.30M USD Point-in-time
Dividends declared AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings $6.30M USD 1 Quarter
Stock repurchased under buyback program StockRepurchasedDuringPeriodValue $10.00M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $2.00M USD 1 Quarter
Shares retained for employee taxes TreasuryStockValueAcquiredParValueMethod $1.80M USD 1 Quarter
Stock issued under stock compensation plans StockIssuedDuringPeriodValueShareBasedCompensation $4.30M USD 1 Quarter
Other Comprehensive Income (Loss), Net of Tax OtherComprehensiveIncomeLossNetOfTax $1.60M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $55.10M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $6.70M USD 1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ProfitLoss $55.00M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $489.50M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $489.50M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $534.30M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $534.30M USD Point-in-time
Comprehensive Income 17 line items
Line Item Tag Value Unit Period
Net Income (Loss) Attributable to Parent NetIncomeLoss $55.10M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $6.70M USD 1 Quarter
Minimum pension liability OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-800.00K 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 $-300.00K USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.50M USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $100.00K USD 1 Quarter
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $1.60M USD 1 Quarter
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, before Tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesBeforeTax $4.70M USD 1 Quarter
Income tax effects OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $600.00K USD 1 Quarter
Income tax effects OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $1.80M USD 1 Quarter
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $1.60M 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 OtherComprehensiveIncomeLossNetOfTax $1.60M USD 1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent ComprehensiveIncomeNetOfTax $56.70M USD 1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent ComprehensiveIncomeNetOfTax $8.70M USD 1 Quarter

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

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