10-Q Filing

ENOVIS CORP CIK: 1420800 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001420800-15-000012`
Period End Date	20150331
Filing Date	20150423
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	cfx-20150327.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 32 Cash Flow Statement 52 Stockholders Equity 15 Comprehensive Income 22

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$311.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$206.92M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$482.18M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$305.45M	USD	Point-in-time
Trade receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$27.26M	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts of $25,313 and $27,256	`AccountsReceivableNetCurrent`	$1.03B	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts of $25,313 and $27,256	`AccountsReceivableNetCurrent`	$1.01B	USD	Point-in-time
Trade receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$25.31M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$455.70M	USD	Point-in-time
Inventories, net	`InventoryNet`	$442.73M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$322.13M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$345.08M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	123.73M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.02B	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	123.83M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.10B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$729.73M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$679.66M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	123.83M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	123.73M	shares	Point-in-time
Goodwill	`Goodwill`	$2.87B	USD	Point-in-time
Goodwill	`Goodwill`	$2.76B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$1.04B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$981.68M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$499.42M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$497.33M	USD	Point-in-time
Total assets	`Assets`	$6.95B	USD	Point-in-time
Total assets	`Assets`	$7.25B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$10.27M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$9.86M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$780.29M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$762.81M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$481.94M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$495.39M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.26B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.29B	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$1.43B	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$1.53B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.01B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$1.08B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.89B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.70B	USD	Point-in-time
Common stock, $0.001 par value; 400,000,000 shares authorized; 123,832,610 and 123,730,578 issued and outstanding	`CommonStockValue`	$124.00K	USD	Point-in-time
Common stock, $0.001 par value; 400,000,000 shares authorized; 123,832,610 and 123,730,578 issued and outstanding	`CommonStockValue`	$124.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.20B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$3.21B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$389.56M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$441.62M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-47.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-46.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-443.69M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-604.03M	USD	Point-in-time
Total Colfax Corporation equity	`StockholdersEquity`	$3.15B	USD	Point-in-time
Total Colfax Corporation equity	`StockholdersEquity`	$3.04B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$205.62M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$205.01M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.25B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.35B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$7.25B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.95B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.05B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$911.07M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$616.63M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$728.70M	USD	1 Quarter
Gross profit	`GrossProfit`	$294.44M	USD	1 Quarter
Gross profit	`GrossProfit`	$325.63M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$213.23M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$231.58M	USD	1 Quarter
Restructuring and other related charges	`RestructuringCharges`	$6.31M	USD	1 Quarter
Restructuring and other related charges	`RestructuringCharges`	$3.75M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$87.74M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$77.45M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.04M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.32M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$65.41M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$75.42M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$9.13M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$20.58M	USD	1 Quarter
Net income	`ProfitLoss`	$56.27M	USD	1 Quarter
Net income	`ProfitLoss`	$54.84M	USD	1 Quarter
Less: income attributable to noncontrolling interest, net of taxes	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.22M	USD	1 Quarter
Less: income attributable to noncontrolling interest, net of taxes	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.05M	USD	1 Quarter
Net income attributable to Colfax Corporation	`NetIncomeLoss`	$52.06M	USD	1 Quarter
Net income attributable to Colfax Corporation	`NetIncomeLoss`	$46.79M	USD	1 Quarter
Dividends on preferred stock	`PreferredStockDividendsAndOtherAdjustments`	-	USD	1 Quarter
Dividends on preferred stock	`PreferredStockDividendsAndOtherAdjustments`	$2.35M	USD	1 Quarter
Preferred stock conversion inducement payment	`PreferredStockConversionsInducements`	-	USD	1 Quarter
Preferred stock conversion inducement payment	`PreferredStockConversionsInducements`	$19.57M	USD	1 Quarter
Net income available to Colfax Corporation common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$52.06M	USD	1 Quarter
Net income available to Colfax Corporation common shareholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$24.88M	USD	1 Quarter
Net income per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.22	USD	1 Quarter
Net income per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.42	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$56.27M	USD	1 Quarter
Net income	`ProfitLoss`	$54.84M	USD	1 Quarter
Depreciation, amortization and impairment charges	`DepreciationDepletionAndAmortization`	$36.93M	USD	1 Quarter
Depreciation, amortization and impairment charges	`DepreciationDepletionAndAmortization`	$31.21M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.68M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$4.37M	USD	1 Quarter
Non-cash interest expense	`Noncashinterestexpense`	$1.92M	USD	1 Quarter
Non-cash interest expense	`Noncashinterestexpense`	$2.09M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-960.00K	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$1.67M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$39.83M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$35.70M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$29.89M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$34.05M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-77.45M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$19.30M	USD	1 Quarter
Changes in other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$10.71M	USD	1 Quarter
Changes in other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$52.75M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-2.05M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-67.03M	USD	1 Quarter
Purchases of fixed assets, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.16M	USD	1 Quarter
Purchases of fixed assets, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.59M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.16M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-12.59M	USD	1 Quarter
Payments under term credit facility	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Payments under term credit facility	`RepaymentsOfLongTermDebt`	$15.14M	USD	1 Quarter
Proceeds from borrowings on revolving credit facilities and other	`ProceedsFromLinesOfCredit`	$153.62M	USD	1 Quarter
Proceeds from borrowings on revolving credit facilities and other	`ProceedsFromLinesOfCredit`	$115.73M	USD	1 Quarter
Repayments of borrowings on revolving credit facilities and other	`RepaymentsOfLinesOfCredit`	$169.94M	USD	1 Quarter
Repayments of borrowings on revolving credit facilities and other	`RepaymentsOfLinesOfCredit`	$490.66M	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$611.75M	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$689.00K	USD	1 Quarter
Preferred stock conversion inducement payment	`PaymentsForRepurchaseOfConvertiblePreferredStock`	$19.57M	USD	1 Quarter
Preferred stock conversion inducement payment	`PaymentsForRepurchaseOfConvertiblePreferredStock`	-	USD	1 Quarter
Payments of dividend on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	-	USD	1 Quarter
Payments of dividend on preferred stock	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$3.85M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-4.17M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.51M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$247.12M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-71.17M	USD	1 Quarter
Effect of foreign exchange rates on Cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-14.15M	USD	1 Quarter
Effect of foreign exchange rates on Cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.39M	USD	1 Quarter
(Decrease) increase in Cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-98.53M	USD	1 Quarter
(Decrease) increase in Cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$170.88M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$311.30M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$206.92M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$482.18M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$305.45M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$311.30M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$206.92M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$482.18M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$305.45M	USD	Point-in-time

Stockholders Equity 15 line items

Line Item	Tag	Value	Unit	Period
Other comprehensive loss, tax	`OtherComprehensiveIncomeLossTax`	$1.60M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.25B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.35B	USD	Point-in-time
Net Income Attributable to Parent	`NetIncomeLoss`	$52.06M	USD	1 Quarter
Net Income Attributable to Parent	`NetIncomeLoss`	$46.79M	USD	1 Quarter
Net Income Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$4.22M	USD	1 Quarter
Net Income Attributable to Noncontrolling Interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$8.05M	USD	1 Quarter
Net Income	`ProfitLoss`	$56.27M	USD	1 Quarter
Net Income	`ProfitLoss`	$54.84M	USD	1 Quarter
Distributions to noncontrolling owners	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$1.95M	USD	1 Quarter
Other comprehensive loss, net of tax of $1.6 million	`OtherComprehensiveIncomeLossNetOfTax`	$-3.92M	USD	1 Quarter
Other comprehensive loss, net of tax of $1.6 million	`OtherComprehensiveIncomeLossNetOfTax`	$-163.22M	USD	1 Quarter
Common stock-based award activity	`StockIssuedDuringPeriodValueShareBasedCompensation`	$5.06M	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.25B	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.35B	USD	Point-in-time

Comprehensive Income 22 line items

Line Item	Tag	Value	Unit	Period
Unrealized gain (loss) on hedging activities, tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$2.79M	USD	1 Quarter
Net income	`ProfitLoss`	$56.27M	USD	1 Quarter
Unrealized gain (loss) on hedging activities, tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-133.00K	USD	1 Quarter
Net income	`ProfitLoss`	$54.84M	USD	1 Quarter
Net pension and other postretirement benefit cost, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$-173.00K	USD	1 Quarter
Net pension and other postretirement benefit cost, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$-938.00K	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-5.65M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-189.72M	USD	1 Quarter
Unrealized gain (loss) on hedging activities, net of tax of $2,790 and $(133)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-168.00K	USD	1 Quarter
Unrealized gain (loss) on hedging activities, net of tax of $2,790 and $(133)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$22.18M	USD	1 Quarter
Changes in deferred tax related to pension and other postretirement benefit cost	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax`	-	USD	1 Quarter
Changes in deferred tax related to pension and other postretirement benefit cost	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBeforeReclassificationAdjustmentsTax`	$2.11M	USD	1 Quarter
Net pension and other postretirement benefit cost, net of tax of $938 and $173	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$2.22M	USD	1 Quarter
Net pension and other postretirement benefit cost, net of tax of $938 and $173	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansNetOfTax`	$1.89M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-3.92M	USD	1 Quarter
Other comprehensive loss	`OtherComprehensiveIncomeLossNetOfTax`	$-163.22M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$50.91M	USD	1 Quarter
Comprehensive (loss) income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-106.94M	USD	1 Quarter
Less: comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.82M	USD	1 Quarter
Less: comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.34M	USD	1 Quarter
Comprehensive (loss) income attributable to Colfax Corporation	`ComprehensiveIncomeNetOfTax`	$46.09M	USD	1 Quarter
Comprehensive (loss) income attributable to Colfax Corporation	`ComprehensiveIncomeNetOfTax`	$-108.29M	USD	1 Quarter

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