10-Q Filing

MUELLER WATER PRODUCTS, INC. CIK: 1350593 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001350593-20-000010`
Period End Date	20191231
Filing Date	20200205
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	mwa-20191231_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 59 Income Statement 38 Cash Flow Statement 65 Stockholders Equity 22 Comprehensive Income 12

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`	157.46M	shares	Point-in-time
Series A common stock, shares outstanding	`CommonStockSharesOutstanding`	157.89M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$176.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$347.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$198.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$136.80M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$172.80M	USD	Point-in-time
Receivables, net	`AccountsReceivableNetCurrent`	$132.10M	USD	Point-in-time
Inventories	`InventoryNet`	$191.40M	USD	Point-in-time
Inventories	`InventoryNet`	$212.90M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$25.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$26.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$566.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$507.50M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$217.10M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$224.50M	USD	Point-in-time
Goodwill	`Goodwill`	$95.70M	USD	Point-in-time
Goodwill	`Goodwill`	$97.50M	USD	Point-in-time
Identifiable intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$428.00M	USD	Point-in-time
Identifiable intangible assets	`IntangibleAssetsNetExcludingGoodwill`	$433.70M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$51.50M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$23.90M	USD	Point-in-time
Total assets	`Assets`	$1.31B	USD	Point-in-time
Total assets	`Assets`	$1.34B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$900.00K	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$900.00K	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$84.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$58.60M	USD	Point-in-time
Accrued Liabilities, Current	`AccruedLiabilitiesCurrent`	$93.00M	USD	Point-in-time
Accrued Liabilities, Current	`AccruedLiabilitiesCurrent`	$63.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$123.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$178.50M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$445.40M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$445.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$89.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$87.90M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$55.60M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$33.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$714.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$745.00M	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`	$1.41B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.40B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-786.20M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-775.90M	USD	Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-32.00M	USD	Point-in-time
Accumulated Other Comprehensive Income (Loss), Net of Tax	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-36.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$590.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$595.00M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	-	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$2.20M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$595.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$538.90M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$592.30M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.34B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$1.31B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Revenues	`Revenues`	$212.60M	USD	1 Quarter
Revenues	`Revenues`	$192.80M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$140.00M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$132.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$60.10M	USD	1 Quarter
Gross profit	`GrossProfit`	$72.60M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$49.90M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$41.00M	USD	1 Quarter
Restructuring	`RestructuringCharges`	$3.20M	USD	1 Quarter
Restructuring	`RestructuringCharges`	$2.40M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$44.20M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$52.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$20.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$15.90M	USD	1 Quarter
Defined Benefit Plan, Net Periodic Benefit Cost other than Service Cost	`DefinedBenefitPlanNetPeriodicBenefitCostotherthanServiceCost`	$-700.00K	USD	1 Quarter
Defined Benefit Plan, Net Periodic Benefit Cost other than Service Cost	`DefinedBenefitPlanNetPeriodicBenefitCostotherthanServiceCost`	$-100.00K	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-7.40M	USD	1 Quarter
Interest expense, net	`InterestIncomeExpenseNet`	$-5.50M	USD	1 Quarter
Walter accrual	`OtherNonoperatingExpense`	$37.40M	USD	1 Quarter
Walter accrual	`OtherNonoperatingExpense`	$200.00K	USD	1 Quarter
Total non-operating expenses	`NonoperatingIncomeExpense`	$-42.80M	USD	1 Quarter
Total non-operating expenses	`NonoperatingIncomeExpense`	$-6.90M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-26.90M	USD	1 Quarter
Income (loss) before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$13.40M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$-5.90M	USD	1 Quarter
Income tax expense (benefit)	`IncomeTaxExpenseBenefit`	$3.10M	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$10.30M	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-21.00M	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Earnings Per Share, Basic	`EarningsPerShareBasic`	$-0.13	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Earnings Per Share, Diluted	`EarningsPerShareDiluted`	$-0.13	USD	1 Quarter
Basic, in shares	`WeightedAverageNumberOfSharesOutstandingBasic`	157.70M	shares	1 Quarter
Basic, in shares	`WeightedAverageNumberOfSharesOutstandingBasic`	157.70M	shares	1 Quarter
Diluted, in shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	158.80M	shares	1 Quarter
Diluted, in shares	`WeightedAverageNumberOfDilutedSharesOutstanding`	158.70M	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`	$0.05	USD	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$10.30M	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-21.00M	USD	1 Quarter
Depreciation	`Depreciation`	$6.10M	USD	1 Quarter
Depreciation	`Depreciation`	$7.00M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$7.00M	USD	1 Quarter
Amortization	`AdjustmentForAmortization`	$6.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.30M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$1.70M	USD	1 Quarter
Retirement plans	`PensionAndOtherPostretirementBenefitExpense`	$700.00K	USD	1 Quarter
Retirement plans	`PensionAndOtherPostretirementBenefitExpense`	$300.00K	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-2.20M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$1.00M	USD	1 Quarter
Other Noncash Income (Expense)	`OtherNoncashIncomeExpense`	$-1.20M	USD	1 Quarter
Other Noncash Income (Expense)	`OtherNoncashIncomeExpense`	$400.00K	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-57.70M	USD	1 Quarter
Receivables	`IncreaseDecreaseInAccountsReceivable`	$-41.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$21.90M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$21.00M	USD	1 Quarter
Other current assets and other noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$3.50M	USD	1 Quarter
Other current assets and other noncurrent assets	`IncreaseDecreaseInOtherOperatingAssets`	$-3.60M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-26.00M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-32.00M	USD	1 Quarter
Walter Energy Accrual	`IncreaseDecreaseInOtherCurrentLiabilities`	$-22.00M	USD	1 Quarter
Walter Energy Accrual	`IncreaseDecreaseInOtherCurrentLiabilities`	$37.40M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-12.80M	USD	1 Quarter
Other current liabilities	`IncreaseDecreaseInAccruedLiabilities`	$-12.20M	USD	1 Quarter
Long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-2.10M	USD	1 Quarter
Long-term liabilities	`IncreaseDecreaseInOtherNoncurrentLiabilities`	$-7.70M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities, Total	`NetCashProvidedByUsedInOperatingActivities`	$-12.40M	USD	1 Quarter
Net Cash Provided by (Used in) Operating Activities, Total	`NetCashProvidedByUsedInOperatingActivities`	$9.90M	USD	1 Quarter
Payments to Acquire Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Payments to Acquire Businesses, Net of Cash Acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$123.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$15.20M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$15.90M	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSaleOfProductiveAssets`	-	USD	1 Quarter
Proceeds from sales of assets	`ProceedsFromSaleOfProductiveAssets`	$100.00K	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities, Total	`NetCashProvidedByUsedInInvestingActivities`	$-15.10M	USD	1 Quarter
Net Cash Provided by (Used in) Investing Activities, Total	`NetCashProvidedByUsedInInvestingActivities`	$-138.90M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$7.90M	USD	1 Quarter
Dividends paid	`PaymentsOfDividends`	$8.30M	USD	1 Quarter
Payments to Noncontrolling Interests	`PaymentsToMinorityShareholders`	$5.20M	USD	1 Quarter
Payments to Noncontrolling Interests	`PaymentsToMinorityShareholders`	-	USD	1 Quarter
Repayment of Krausz debt	`RepaymentsOfUnsecuredDebt`	-	USD	1 Quarter
Repayment of Krausz debt	`RepaymentsOfUnsecuredDebt`	$13.20M	USD	1 Quarter
Repayment of Krausz debt	`RepaymentsOfUnsecuredDebt`	$13.20M	USD	Annual
Shares retained for employee taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$700.00K	USD	1 Quarter
Shares retained for employee taxes	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$1.20M	USD	1 Quarter
Common stock issued	`ProceedsFromIssuanceOfCommonStock`	$3.10M	USD	1 Quarter
Common stock issued	`ProceedsFromIssuanceOfCommonStock`	$1.40M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$400.00K	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities, Total	`NetCashProvidedByUsedInFinancingActivities`	$-12.80M	USD	1 Quarter
Net Cash Provided by (Used in) Financing Activities, Total	`NetCashProvidedByUsedInFinancingActivities`	$-18.80M	USD	1 Quarter
Effect of currency exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-500.00K	USD	1 Quarter
Effect of currency exchange rate changes on cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$400.00K	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-148.30M	USD	1 Quarter
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect, Total	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-39.90M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$176.70M	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`	$198.80M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$136.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$176.70M	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`	$198.80M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$136.80M	USD	Point-in-time

Stockholders Equity 22 line items

Line Item	Tag	Value	Unit	Period
Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTax`	$4.00M	USD	1 Quarter
Common Stock, Value, Issued	`CommonStockValue`	$1.60M	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$1.60M	USD	Point-in-time
Common Stock, Dividends, Per Share, Declared	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Common Stock, Dividends, Per Share, Declared	`CommonStockDividendsPerShareDeclared`	$0.05	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$595.00M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$538.90M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$592.30M	USD	Point-in-time
Stock issued under stock compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Stock issued under stock compensation plans	`StockIssuedDuringPeriodValueShareBasedCompensation`	-	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-21.00M	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$10.30M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$595.00M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$538.90M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$592.30M	USD	Point-in-time
Payments to Acquire Interest in Joint Venture	`PaymentsToAcquireInterestInJointVenture`	$2.20M	USD	1 Quarter
Payments to Acquire Interest in Joint Venture	`PaymentsToAcquireInterestInJointVenture`	-	USD	1 Quarter
Payments to Acquire Interest in Joint Venture	`PaymentsToAcquireInterestInJointVenture`	$1.70M	USD	1 Quarter
Payments to Noncontrolling Interests	`PaymentsToMinorityShareholders`	$5.20M	USD	1 Quarter
Payments to Noncontrolling Interests	`PaymentsToMinorityShareholders`	-	USD	1 Quarter
Acquisition of remaining JV interest	`AcquisitionOfRemainingJVInterest`	$-2.20M	USD	1 Quarter
Acquisition of remaining JV interest	`AcquisitionOfRemainingJVInterest`	-	USD	1 Quarter

Comprehensive Income 12 line items

Line Item	Tag	Value	Unit	Period
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$10.30M	USD	1 Quarter
Net Income (Loss) Attributable to Parent	`NetIncomeLoss`	$-21.00M	USD	1 Quarter
Minimum pension liability	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-700.00K	USD	1 Quarter
Minimum pension liability	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax`	$-500.00K	USD	1 Quarter
Income tax effects	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-200.00K	USD	1 Quarter
Income tax effects	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-100.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$3.50M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.20M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$4.00M	USD	1 Quarter
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Parent	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-800.00K	USD	1 Quarter
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	`ComprehensiveIncomeNetOfTax`	$14.30M	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.