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10-Q Filing

MUELLER WATER PRODUCTS, INC. CIK: 1350593 Q1 2019
Filing Information
Form Type 10-Q
Accession Number 0001350593-19-000015
Period End Date 20181231
Filing Date 20190207
Fiscal Year 2019
Fiscal Period Q1
XBRL Instance mwa123118-10xq_htm.xml
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 157.33M shares Point-in-time
Series A common stock, shares outstanding CommonStockSharesOutstanding 158.08M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $347.10M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $348.30M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $198.80M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $361.70M USD Point-in-time
Receivables, net AccountsReceivableNetCurrent $115.10M USD Point-in-time
Receivables, net AccountsReceivableNetCurrent $164.30M USD Point-in-time
Inventories InventoryNet $194.90M USD Point-in-time
Inventories InventoryNet $156.60M USD Point-in-time
Other current assets OtherAssetsCurrent $17.50M USD Point-in-time
Other current assets OtherAssetsCurrent $20.90M USD Point-in-time
Total current assets AssetsCurrent $529.70M USD Point-in-time
Total current assets AssetsCurrent $685.50M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $150.90M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $168.10M USD Point-in-time
Goodwill Goodwill $113.50M USD Point-in-time
Goodwill Goodwill $12.10M USD Point-in-time
Identifiable intangible assets IntangibleAssetsNetExcludingGoodwill $408.10M USD Point-in-time
Identifiable intangible assets IntangibleAssetsNetExcludingGoodwill $412.60M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $35.30M USD Point-in-time
Other noncurrent assets OtherAssetsNoncurrent $35.20M USD Point-in-time
Total assets Assets $1.29B USD Point-in-time
Total assets Assets $1.26B USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $800.00K USD Point-in-time
Current portion of long-term debt LongTermDebtCurrent $700.00K USD Point-in-time
Accounts payable AccountsPayableCurrent $63.50M USD Point-in-time
Accounts payable AccountsPayableCurrent $90.00M USD Point-in-time
Accrued Liabilities, Current AccruedLiabilitiesCurrent $104.20M USD Point-in-time
Accrued Liabilities, Current AccruedLiabilitiesCurrent $76.40M USD Point-in-time
Total current liabilities LiabilitiesCurrent $168.50M USD Point-in-time
Total current liabilities LiabilitiesCurrent $167.10M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $444.80M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $444.30M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $79.20M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $78.40M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $36.50M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $28.50M USD Point-in-time
Total liabilities Liabilities $727.10M USD Point-in-time
Total liabilities Liabilities $720.20M 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 $1.44B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $1.44B USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-850.00M USD Point-in-time
Accumulated deficit RetainedEarningsAccumulatedDeficit $-871.00M USD Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-32.80M USD Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax $-33.60M USD Point-in-time
Total stockholders' equity StockholdersEquity $537.20M USD Point-in-time
Total stockholders' equity StockholdersEquity $563.30M USD Point-in-time
Noncontrolling interest MinorityInterest $1.50M USD Point-in-time
Noncontrolling interest MinorityInterest $1.70M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $564.80M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $538.90M USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.29B USD Point-in-time
Total liabilities and stockholders' equity LiabilitiesAndStockholdersEquity $1.26B USD Point-in-time
Income Statement 40 line items
Line Item Tag Value Unit Period
Revenues Revenues $178.30M USD 1 Quarter
Revenues Revenues $192.80M USD 1 Quarter
Cost of sales CostOfRevenue $122.90M USD 1 Quarter
Cost of sales CostOfRevenue $132.70M USD 1 Quarter
Gross profit GrossProfit $55.40M USD 1 Quarter
Gross profit GrossProfit $60.10M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $39.80M USD 1 Quarter
Selling, general and administrative SellingGeneralAndAdministrativeExpense $41.00M 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
Restructuring RestructuringCharges $3.20M USD 1 Quarter
Restructuring RestructuringCharges $3.90M USD 1 Quarter
Total operating expenses OperatingExpenses $44.20M USD 1 Quarter
Total operating expenses OperatingExpenses $34.70M USD 1 Quarter
Operating income OperatingIncomeLoss $20.70M USD 1 Quarter
Operating income OperatingIncomeLoss $15.90M USD 1 Quarter
Defined Benefit Plan, Net Periodic Benefit Cost other than Service Cost DefinedBenefitPlanNetPeriodicBenefitCostotherthanServiceCost $-100.00K USD 1 Quarter
Defined Benefit Plan, Net Periodic Benefit Cost other than Service Cost DefinedBenefitPlanNetPeriodicBenefitCostotherthanServiceCost $200.00K USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-5.50M USD 1 Quarter
Interest expense, net InterestIncomeExpenseNet $-5.20M USD 1 Quarter
Walter accrual OtherNonoperatingExpense - USD 1 Quarter
Walter accrual OtherNonoperatingExpense $37.40M USD 1 Quarter
Total non-operating expenses NonoperatingIncomeExpense $-5.40M USD 1 Quarter
Total non-operating expenses NonoperatingIncomeExpense $-42.80M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-26.90M USD 1 Quarter
Income (loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $15.30M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $-5.90M USD 1 Quarter
Income tax expense (benefit) IncomeTaxExpenseBenefit $-39.80M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $-21.00M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $55.10M USD 1 Quarter
Net income (loss) per basic share EarningsPerShareBasic $0.35 USD 1 Quarter
Net income (loss) per basic share EarningsPerShareBasic $-0.13 USD 1 Quarter
Net income (loss) per diluted share EarningsPerShareDiluted $0.34 USD 1 Quarter
Net income (loss) per diluted share EarningsPerShareDiluted $-0.13 USD 1 Quarter
Basic, in shares WeightedAverageNumberOfSharesOutstandingBasic 157.70M shares 1 Quarter
Basic, in shares WeightedAverageNumberOfSharesOutstandingBasic 158.50M shares 1 Quarter
Diluted, in shares WeightedAverageNumberOfDilutedSharesOutstanding 160.00M shares 1 Quarter
Diluted, in shares WeightedAverageNumberOfDilutedSharesOutstanding 158.80M shares 1 Quarter
Dividends declared per share, in dollars per share CommonStockDividendsPerShareDeclared $0.05 USD 1 Quarter
Dividends declared per share, in dollars per share CommonStockDividendsPerShareDeclared $0.04 USD 1 Quarter
Cash Flow Statement 64 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 $-21.00M USD 1 Quarter
Depreciation Depreciation $4.90M USD 1 Quarter
Depreciation Depreciation $6.10M USD 1 Quarter
Amortization AdjustmentForAmortization $5.70M USD 1 Quarter
Amortization AdjustmentForAmortization $6.00M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $1.70M USD 1 Quarter
Stock-based compensation expense ShareBasedCompensation $2.00M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-39.70M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-2.20M 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
Retirement plans PensionAndOtherPostretirementBenefitExpense $300.00K USD 1 Quarter
Retirement plans PensionAndOtherPostretirementBenefitExpense $700.00K USD 1 Quarter
Other, net OtherNoncashExpense $700.00K USD 1 Quarter
Other, net OtherNoncashExpense $1.20M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-38.40M USD 1 Quarter
Receivables IncreaseDecreaseInAccountsReceivable $-57.70M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $16.30M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $21.90M USD 1 Quarter
Other current assets and other noncurrent assets IncreaseDecreaseInOtherOperatingAssets $800.00K USD 1 Quarter
Other current assets and other noncurrent assets IncreaseDecreaseInOtherOperatingAssets $3.50M USD 1 Quarter
Walter accrual IncreaseDecreaseInOtherAccruedLiabilities - USD 1 Quarter
Walter accrual IncreaseDecreaseInOtherAccruedLiabilities $37.40M USD 1 Quarter
Accounts payable and other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-41.20M USD 1 Quarter
Accounts payable and other liabilities IncreaseDecreaseInOtherOperatingLiabilities $-51.90M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $9.90M USD 1 Quarter
Net cash provided by (used in) operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $500.00K USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $15.90M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $6.40M USD 1 Quarter
Proceeds from sales of assets ProceedsFromSaleOfProductiveAssets - USD 1 Quarter
Proceeds from sales of assets ProceedsFromSaleOfProductiveAssets $7.40M USD 1 Quarter
Acquisition, net of cash received PaymentsForProceedsFromOtherInvestingActivities - USD 1 Quarter
Acquisition, net of cash received PaymentsForProceedsFromOtherInvestingActivities $123.00M 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 $-138.90M USD 1 Quarter
Dividends paid PaymentsOfDividends $7.90M USD 1 Quarter
Dividends paid PaymentsOfDividends $6.30M USD 1 Quarter
Repayments of debt RepaymentsOfSecuredDebt $1.20M USD 1 Quarter
Repayments of debt RepaymentsOfSecuredDebt - USD 1 Quarter
Repayment of Krausz debt RepaymentsOfUnsecuredDebt - USD 1 Quarter
Repayment of Krausz debt RepaymentsOfUnsecuredDebt $13.20M USD 1 Quarter
Common stock issued ProceedsFromIssuanceOfCommonStock $3.10M USD 1 Quarter
Common stock issued ProceedsFromIssuanceOfCommonStock $4.30M USD 1 Quarter
Shares retained for employee taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.20M USD 1 Quarter
Shares retained for employee taxes PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.80M USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities $400.00K USD 1 Quarter
Other ProceedsFromPaymentsForOtherFinancingActivities - USD 1 Quarter
Stock repurchased under buyback program PaymentsForRepurchaseOfCommonStock $10.00M USD 1 Quarter
Stock repurchased under buyback program PaymentsForRepurchaseOfCommonStock - USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-15.00M USD 1 Quarter
Net cash used in financing activities NetCashProvidedByUsedInFinancingActivitiesContinuingOperations $-18.80M 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 $-500.00K USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-148.30M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-13.40M USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $361.70M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $347.10M 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 $198.80M 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 $198.80M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $347.10M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $361.70M USD Point-in-time
Stockholders Equity 12 line items
Line Item Tag Value Unit Period
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $564.80M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $538.90M USD Point-in-time
Dividends declared AdjustmentsToAdditionalPaidInCapitalDividendsInExcessOfRetainedEarnings $7.90M USD 1 Quarter
Stock-based compensation AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue $1.70M USD 1 Quarter
Shares retained for employee taxes TreasuryStockValueAcquiredParValueMethod $1.20M USD 1 Quarter
Stock issued under stock compensation plans StockIssuedDuringPeriodValueShareBasedCompensation $3.10M USD 1 Quarter
Other Comprehensive Income (Loss), Net of Tax OtherComprehensiveIncomeLossNetOfTax $-800.00K USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $55.10M USD 1 Quarter
Net Income (Loss) Attributable to Parent NetIncomeLoss $-21.00M USD 1 Quarter
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ProfitLoss $-20.80M USD 1 Quarter
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $564.80M USD Point-in-time
Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $538.90M 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 $-21.00M USD 1 Quarter
Minimum pension liability OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-800.00K USD 1 Quarter
Minimum pension liability OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $-500.00K USD 1 Quarter
Income tax effects OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-300.00K USD 1 Quarter
Income tax effects OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-100.00K USD 1 Quarter
Foreign currency translation OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-1.20M 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 - USD 1 Quarter
Income tax effects OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax - USD 1 Quarter
Income tax effects OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $600.00K USD 1 Quarter
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-800.00K 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 OtherComprehensiveIncomeLossNetOfTax $-800.00K 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 $-21.80M USD 1 Quarter

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

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