10-Q Filing

ENOVIS CORP CIK: 1420800 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001420800-17-000008`
Period End Date	20170331
Filing Date	20170505
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	cfx-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 26 Cash Flow Statement 52 Stockholders Equity 16 Comprehensive Income 26

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Trade receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$42.31M	USD	Point-in-time
Trade receivables, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$41.51M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$197.47M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$221.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$207.84M	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$196.04M	USD	Point-in-time
Trade receivables, less allowance for doubtful accounts of $42,309 and $41,511	`AccountsReceivableNetCurrent`	$913.61M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Trade receivables, less allowance for doubtful accounts of $42,309 and $41,511	`AccountsReceivableNetCurrent`	$901.33M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	400.00M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	122.78M	shares	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	122.99M	shares	Point-in-time
Inventories, net	`InventoryNet`	$403.86M	USD	Point-in-time
Inventories, net	`InventoryNet`	$427.33M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$244.08M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	122.78M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	122.99M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$246.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.78B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.79B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$570.85M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$575.43M	USD	Point-in-time
Goodwill	`Goodwill`	$2.56B	USD	Point-in-time
Goodwill	`Goodwill`	$2.59B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$932.70M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$930.09M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$555.69M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$532.98M	USD	Point-in-time
Total assets	`Assets`	$6.39B	USD	Point-in-time
Total assets	`Assets`	$6.43B	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$5.87M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtCurrent`	$5.41M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$607.83M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$605.89M	USD	Point-in-time
Customer advances and billing in excess of costs incurred	`Customeradvancesandbillinginexcessofcostsincurred`	$151.01M	USD	Point-in-time
Customer advances and billing in excess of costs incurred	`Customeradvancesandbillinginexcessofcostsincurred`	$148.53M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$319.63M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$344.36M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.08B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.11B	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$1.24B	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$1.29B	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$891.56M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$898.70M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.29B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.22B	USD	Point-in-time
Common stock, $0.001 par value; 400,000,000 shares authorized; 122,991,778 and 122,780,261 issued and outstanding	`CommonStockValue`	$123.00K	USD	Point-in-time
Common stock, $0.001 par value; 400,000,000 shares authorized; 122,991,778 and 122,780,261 issued and outstanding	`CommonStockValue`	$123.00K	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`	$733.94M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$685.41M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-718.34M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-988.35M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-686.72M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-931.40M	USD	Point-in-time
Total Colfax Corporation equity	`StockholdersEquity`	$3.01B	USD	Point-in-time
Total Colfax Corporation equity	`StockholdersEquity`	$2.90B	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$201.04M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$196.47M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.21B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.09B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.39B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$6.43B	USD	Point-in-time

Income Statement 26 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$876.84M	USD	1 Quarter
Net sales	`SalesRevenueNet`	$844.93M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$596.32M	USD	1 Quarter
Cost of sales	`CostOfGoodsAndServicesSold`	$565.56M	USD	1 Quarter
Gross profit	`GrossProfit`	$280.52M	USD	1 Quarter
Gross profit	`GrossProfit`	$279.37M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$214.39M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$206.05M	USD	1 Quarter
Restructuring and other related charges	`RestructuringCharges`	$17.67M	USD	1 Quarter
Restructuring and other related charges	`RestructuringCharges`	$7.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$66.22M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$48.47M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.10M	USD	1 Quarter
Interest expense	`InterestExpense`	$9.12M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$39.35M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$57.13M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.14M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$15.64M	USD	1 Quarter
Net income	`ProfitLoss`	$41.49M	USD	1 Quarter
Net income	`ProfitLoss`	$26.21M	USD	1 Quarter
Less: income attributable to noncontrolling interest, net of taxes	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.60M	USD	1 Quarter
Less: income attributable to noncontrolling interest, net of taxes	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.94M	USD	1 Quarter
Net income attributable to Colfax Corporation	`NetIncomeLoss`	$38.54M	USD	1 Quarter
Net income attributable to Colfax Corporation	`NetIncomeLoss`	$22.61M	USD	1 Quarter
Net income per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.18	USD	1 Quarter
Net income per share - basic and diluted	`EarningsPerShareBasicAndDiluted`	$0.31	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$41.49M	USD	1 Quarter
Net income	`ProfitLoss`	$26.21M	USD	1 Quarter
Depreciation, amortization and impairment charges	`DepreciationDepletionAndAmortization`	$37.72M	USD	1 Quarter
Depreciation, amortization and impairment charges	`DepreciationDepletionAndAmortization`	$31.97M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$5.11M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$5.80M	USD	1 Quarter
Non-cash interest expense	`Noncashinterestexpense`	$1.00M	USD	1 Quarter
Non-cash interest expense	`Noncashinterestexpense`	$1.07M	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-143.00K	USD	1 Quarter
Deferred income tax benefit	`DeferredIncomeTaxExpenseBenefit`	$-1.83M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-23.76M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$1.43M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$17.96M	USD	1 Quarter
Inventories, net	`IncreaseDecreaseInInventories`	$24.24M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-37.11M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayable`	$-5.88M	USD	1 Quarter
Customer advances and billings in excess of costs incurred	`IncreaseDecreaseincustomeradvancesandbillinginexcessofcostsincurred`	$4.19M	USD	1 Quarter
Customer advances and billings in excess of costs incurred	`IncreaseDecreaseincustomeradvancesandbillinginexcessofcostsincurred`	$1.08M	USD	1 Quarter
Changes in other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$15.77M	USD	1 Quarter
Changes in other operating assets and liabilities	`IncreaseDecreaseInOtherOperatingCapitalNet`	$8.56M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$15.52M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$40.41M	USD	1 Quarter
Purchases of fixed assets, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.39M	USD	1 Quarter
Purchases of fixed assets, net	`PaymentsToAcquirePropertyPlantAndEquipment`	$11.71M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.39M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-11.71M	USD	1 Quarter
Payments under term credit facility	`RepaymentsOfLongTermDebt`	$9.38M	USD	1 Quarter
Payments under term credit facility	`RepaymentsOfLongTermDebt`	$9.38M	USD	1 Quarter
Proceeds from borrowings on revolving credit facilities and other	`ProceedsFromLinesOfCredit`	$313.80M	USD	1 Quarter
Proceeds from borrowings on revolving credit facilities and other	`ProceedsFromLinesOfCredit`	$219.49M	USD	1 Quarter
Repayments of borrowings on revolving credit facilities and other	`RepaymentsOfLinesOfCredit`	$257.15M	USD	1 Quarter
Repayments of borrowings on revolving credit facilities and other	`RepaymentsOfLinesOfCredit`	$290.45M	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$2.24M	USD	1 Quarter
Proceeds from issuance of common stock, net	`ProceedsFromIssuanceOfCommonStock`	$330.00K	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	$20.81M	USD	1 Quarter
Repurchases of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.23M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.49M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-5.29M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-47.28M	USD	1 Quarter
Effect of foreign exchange rates on Cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$4.70M	USD	1 Quarter
Effect of foreign exchange rates on Cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$3.73M	USD	1 Quarter
Decrease in Cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-13.89M	USD	1 Quarter
Decrease in Cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-1.43M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$197.47M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$221.73M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$207.84M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$196.04M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$197.47M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$221.73M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$207.84M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$196.04M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Other comprehensive loss, tax	`OtherComprehensiveIncomeLossTax`	$-1.10M	USD	1 Quarter
Balance at December 31, 2016	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.21B	USD	Point-in-time
Balance at December 31, 2016	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.09B	USD	Point-in-time
Cumulative effect of accounting change	`IncomeTaxEffectsAllocatedDirectlyToEquityCumulativeEffectOfChangeInAccountingPrinciple`	$9.99M	USD	1 Quarter
Net income attributable to Colfax Corporation	`NetIncomeLoss`	$38.54M	USD	1 Quarter
Net income attributable to Colfax Corporation	`NetIncomeLoss`	$22.61M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.60M	USD	1 Quarter
Net income attributable to noncontrolling interest	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.94M	USD	1 Quarter
Net income	`ProfitLoss`	$41.49M	USD	1 Quarter
Net income	`ProfitLoss`	$26.21M	USD	1 Quarter
Distributions to noncontrolling owners	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$2.21M	USD	1 Quarter
Other comprehensive income, net of tax of $(1.1) million	`OtherComprehensiveIncomeLossNetOfTax`	$-28.20M	USD	1 Quarter
Other comprehensive income, net of tax of $(1.1) million	`OtherComprehensiveIncomeLossNetOfTax`	$60.77M	USD	1 Quarter
Common stock-based award activity	`StockIssuedDuringPeriodValueShareBasedCompensation`	$8.04M	USD	1 Quarter
Balance at March 31, 2017	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.21B	USD	Point-in-time
Balance at March 31, 2017	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.09B	USD	Point-in-time

Comprehensive Income 26 line items

Line Item	Tag	Value	Unit	Period
Foreign currency translation, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$246.00K	USD	1 Quarter
Net income	`ProfitLoss`	$41.49M	USD	1 Quarter
Net income	`ProfitLoss`	$26.21M	USD	1 Quarter
Foreign currency translation, tax	`OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax`	$-2.10M	USD	1 Quarter
Unrealized loss on hedging activities, tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$-2.88M	USD	1 Quarter
Unrealized loss on hedging activities, tax	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax`	$236.00K	USD	1 Quarter
Foreign currency translation, net of tax of $(2,095) and $246	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-20.04M	USD	1 Quarter
Foreign currency translation, net of tax of $(2,095) and $246	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$60.00M	USD	1 Quarter
Amortization of pension and other post-retirement net actuarial loss, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$675.00K	USD	1 Quarter
Amortization of pension and other post-retirement net actuarial loss, tax	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossTax`	$760.00K	USD	1 Quarter
Unrealized loss on hedging activities, net of tax of $236 and $(2,880)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-9.55M	USD	1 Quarter
Unrealized loss on hedging activities, net of tax of $236 and $(2,880)	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$-937.00K	USD	1 Quarter
Amortization of pension and other post-retirement prior service cost, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect`	$22.00K	USD	1 Quarter
Amortization of pension and other post-retirement prior service cost, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansBenefitPlanImprovementTaxEffect`	$24.00K	USD	1 Quarter
Amortization of pension and other post-retirement net actuarial loss, net of tax of $760 and $675	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-1.36M	USD	1 Quarter
Amortization of pension and other post-retirement net actuarial loss, net of tax of $760 and $675	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossNetOfTax`	$-1.67M	USD	1 Quarter
Amortization of pension and other post-retirement prior service cost, net of tax of $24 and $22	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$40.00K	USD	1 Quarter
Amortization of pension and other post-retirement prior service cost, net of tax of $24 and $22	`OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditNetOfTax`	$38.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-28.20M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$60.77M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-1.99M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$102.26M	USD	1 Quarter
Less: comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$6.78M	USD	1 Quarter
Less: comprehensive income attributable to noncontrolling interest	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$7.03M	USD	1 Quarter
Comprehensive income (loss) attributable to Colfax Corporation	`ComprehensiveIncomeNetOfTax`	$95.48M	USD	1 Quarter
Comprehensive income (loss) attributable to Colfax Corporation	`ComprehensiveIncomeNetOfTax`	$-9.01M	USD	1 Quarter

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