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10-Q Filing

JBT MAREL CORP CIK: 1433660 Q1 2016
Filing Information
Form Type 10-Q
Accession Number 0001433660-16-000010
Period End Date 20160331
Filing Date 20160429
Fiscal Year 2016
Fiscal Period Q1
XBRL Instance jbt-20160331.xml
Filing Contents
Balance Sheet 78 line items
Line Item Tag Value Unit Period
Allowances, trade receivables AllowanceForDoubtfulAccountsReceivableCurrent $2.00M USD Point-in-time
Allowances, trade receivables AllowanceForDoubtfulAccountsReceivableCurrent $2.10M USD Point-in-time
Property, plant and equipment, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $244.90M USD Point-in-time
Property, plant and equipment, accumulated depreciation AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment $223.80M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $19.80M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $37.20M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $36.00M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $33.30M USD Point-in-time
Preferred stock, par value (in dollars per share) PreferredStockParOrStatedValuePerShare $0.01 USD Point-in-time
Trade receivables, net of allowances of $2.0 and $2.1, respectively AccountsReceivableNetCurrent $212.50M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 20.00M shares Point-in-time
Trade receivables, net of allowances of $2.0 and $2.1, respectively AccountsReceivableNetCurrent $210.90M USD Point-in-time
Preferred stock, shares authorized (in shares) PreferredStockSharesAuthorized 20.00M shares Point-in-time
Preferred stock, shares issues (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Inventories InventoryNet $136.90M USD Point-in-time
Inventories InventoryNet $104.90M USD Point-in-time
Preferred stock, shares issues (in shares) PreferredStockSharesIssued 0.00 shares Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Other current assets OtherAssetsCurrent $41.60M USD Point-in-time
Other current assets OtherAssetsCurrent $46.70M USD Point-in-time
Common stock, par value (in dollars per share) CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 120.00M shares Point-in-time
Common stock, shares authorized (in shares) CommonStockSharesAuthorized 120.00M shares Point-in-time
Total current assets AssetsCurrent $396.20M USD Point-in-time
Total current assets AssetsCurrent $430.50M USD Point-in-time
Property, plant and equipment, net of accumulated depreciation of $244.9 and $223.8, respectively PropertyPlantAndEquipmentNet $181.10M USD Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 29.32M shares Point-in-time
Common stock, shares issued (in shares) CommonStockSharesIssued 29.32M shares Point-in-time
Property, plant and equipment, net of accumulated depreciation of $244.9 and $223.8, respectively PropertyPlantAndEquipmentNet $188.80M USD Point-in-time
Goodwill Goodwill $152.50M USD Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 29.15M shares Point-in-time
Common stock, shares outstanding (in shares) CommonStockSharesOutstanding 29.22M shares Point-in-time
Goodwill Goodwill $156.40M USD Point-in-time
Common stock held in treasury (in shares) TreasuryStockShares 100,317.00 shares Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $85.90M USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $86.80M USD Point-in-time
Common stock held in treasury (in shares) TreasuryStockShares 168,661.00 shares Point-in-time
Other assets OtherAssetsNoncurrent $27.50M USD Point-in-time
Other assets OtherAssetsNoncurrent $30.40M USD Point-in-time
Deferred income taxes DeferredTaxAssetsLiabilitiesNetNoncurrent $30.20M USD Point-in-time
Deferred income taxes DeferredTaxAssetsLiabilitiesNetNoncurrent $32.00M USD Point-in-time
Total Assets Assets $876.10M USD Point-in-time
Total Assets Assets $922.20M USD Point-in-time
Short-term debt and current portion of long-term debt DebtCurrent $2.00M USD Point-in-time
Short-term debt and current portion of long-term debt DebtCurrent $2.20M USD Point-in-time
Accounts payable, trade and other AccountsPayableCurrent $110.70M USD Point-in-time
Accounts payable, trade and other AccountsPayableCurrent $110.50M USD Point-in-time
Advance and progress payments CustomerAdvancesCurrent $138.20M USD Point-in-time
Advance and progress payments CustomerAdvancesCurrent $115.80M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $124.40M USD Point-in-time
Other current liabilities OtherLiabilitiesCurrent $120.50M USD Point-in-time
Total current liabilities LiabilitiesCurrent $353.10M USD Point-in-time
Total current liabilities LiabilitiesCurrent $371.20M USD Point-in-time
Long-term debt, less current portion LongTermDebtNoncurrent $297.40M USD Point-in-time
Long-term debt, less current portion LongTermDebtNoncurrent $280.60M USD Point-in-time
Accrued pension and other postretirement benefits, less current portion PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $90.70M USD Point-in-time
Accrued pension and other postretirement benefits, less current portion PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $85.60M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $22.00M USD Point-in-time
Other liabilities OtherLiabilitiesNoncurrent $30.20M USD Point-in-time
Commitments and contingencies (Note 11) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 11) CommitmentsAndContingencies - USD Point-in-time
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued PreferredStockValue - USD Point-in-time
Preferred stock, $0.01 par value; 20,000,000 shares authorized; no shares issued PreferredStockValue - USD Point-in-time
Common stock, $0.01 par value; 120,000,000 shares authorized; 2016: 29,316,041 issued and 29,215,724 outstanding; 2015: 29,316,041 issued and 29,147,380 outstanding CommonStockValue $300.00K USD Point-in-time
Common stock, $0.01 par value; 120,000,000 shares authorized; 2016: 29,316,041 issued and 29,215,724 outstanding; 2015: 29,316,041 issued and 29,147,380 outstanding CommonStockValue $300.00K USD Point-in-time
Common stock held in treasury, at cost; 2016: 100,317 shares; 2015: 168,661 shares TreasuryStockValue $6.10M USD Point-in-time
Common stock held in treasury, at cost; 2016: 100,317 shares; 2015: 168,661 shares TreasuryStockValue $4.00M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $71.60M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $69.60M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $213.20M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $211.10M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-147.20M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-141.30M USD Point-in-time
Total stockholders' equity StockholdersEquity $137.80M USD Point-in-time
Total stockholders' equity StockholdersEquity $129.70M USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $876.10M USD Point-in-time
Total Liabilities and Stockholders' Equity LiabilitiesAndStockholdersEquity $922.20M USD Point-in-time
Income Statement 42 line items
Line Item Tag Value Unit Period
Revenue Revenues $225.00M USD 1 Quarter
Revenue Revenues $267.10M USD 1 Quarter
Cost of sales CostOfRevenue $190.30M USD 1 Quarter
Cost of sales CostOfRevenue $160.50M USD 1 Quarter
Selling, general and administrative expense SellingGeneralAndAdministrativeExpense $53.90M USD 1 Quarter
Selling, general and administrative expense SellingGeneralAndAdministrativeExpense $47.40M USD 1 Quarter
Research and development expense ResearchAndDevelopmentExpense $3.70M USD 1 Quarter
Research and development expense ResearchAndDevelopmentExpense $5.50M USD 1 Quarter
Restructuring expense RestructuringCharges $7.20M USD 1 Quarter
Restructuring expense RestructuringCharges - USD 1 Quarter
Other expense (income), net OtherOperatingIncomeExpenseNet $-500.00K USD 1 Quarter
Other expense (income), net OtherOperatingIncomeExpenseNet $300.00K USD 1 Quarter
Operating income OperatingIncomeLoss $9.70M USD 1 Quarter
Operating income OperatingIncomeLoss $13.70M USD 1 Quarter
Interest income InvestmentIncomeInterest $300.00K USD 1 Quarter
Interest income InvestmentIncomeInterest $300.00K USD 1 Quarter
Interest expense InterestExpense $2.30M USD 1 Quarter
Interest expense InterestExpense $2.10M USD 1 Quarter
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $11.90M USD 1 Quarter
Income from continuing operations before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $7.70M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $3.90M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $2.50M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperations $8.00M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperations $5.20M USD 1 Quarter
Loss from discontinued operations, net of taxes IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 1 Quarter
Loss from discontinued operations, net of taxes IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-100.00K USD 1 Quarter
Net income NetIncomeLoss $5.10M USD 1 Quarter
Net income NetIncomeLoss $8.00M USD 1 Quarter
Income from continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $0.18 USD 1 Quarter
Income from continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerBasicShare $0.27 USD 1 Quarter
Loss from discontinued operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare - USD 1 Quarter
Loss from discontinued operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare $-0.01 USD 1 Quarter
Net income (in dollars per share) EarningsPerShareBasic $0.17 USD 1 Quarter
Net income (in dollars per share) EarningsPerShareBasic $0.27 USD 1 Quarter
Income from continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.17 USD 1 Quarter
Income from continuing operations (in dollars per share) IncomeLossFromContinuingOperationsPerDilutedShare $0.27 USD 1 Quarter
Loss from discontinued operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 1 Quarter
Loss from discontinued operations (in dollars per share) IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare - USD 1 Quarter
Net income (in dollars per share) EarningsPerShareDiluted $0.27 USD 1 Quarter
Net income (in dollars per share) EarningsPerShareDiluted $0.17 USD 1 Quarter
Cash dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.09 USD 1 Quarter
Cash dividends declared per share (in dollars per share) CommonStockDividendsPerShareDeclared $0.10 USD 1 Quarter
Cash Flow Statement 68 line items
Line Item Tag Value Unit Period
Net income NetIncomeLoss $5.10M USD 1 Quarter
Net income NetIncomeLoss $8.00M USD 1 Quarter
Loss from discontinued operations, net of income taxes IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity - USD 1 Quarter
Loss from discontinued operations, net of income taxes IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity $-100.00K USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperations $8.00M USD 1 Quarter
Income from continuing operations IncomeLossFromContinuingOperations $5.20M USD 1 Quarter
Depreciation and amortization Depreciation $6.80M USD 1 Quarter
Depreciation and amortization Depreciation $8.60M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $1.40M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $2.20M USD 1 Quarter
Other OtherNoncashIncomeExpense $-4.00M USD 1 Quarter
Other OtherNoncashIncomeExpense $-1.30M USD 1 Quarter
Trade receivables, net IncreaseDecreaseInReceivables $-4.60M USD 1 Quarter
Trade receivables, net IncreaseDecreaseInReceivables $-26.20M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $29.60M USD 1 Quarter
Inventories IncreaseDecreaseInInventories $11.70M USD 1 Quarter
Accounts payable, trade and other IncreaseDecreaseInAccountsPayable $800.00K USD 1 Quarter
Accounts payable, trade and other IncreaseDecreaseInAccountsPayable $-1.60M USD 1 Quarter
Advance and progress payments IncreaseDecreaseInCustomerAdvances $19.90M USD 1 Quarter
Advance and progress payments IncreaseDecreaseInCustomerAdvances $24.90M USD 1 Quarter
Other assets and liabilities, net IncreaseDecreaseInOtherOperatingCapitalNet $10.40M USD 1 Quarter
Other assets and liabilities, net IncreaseDecreaseInOtherOperatingCapitalNet $29.90M USD 1 Quarter
Cash provided by continuing operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $30.50M USD 1 Quarter
Cash provided by continuing operating activities NetCashProvidedByUsedInOperatingActivitiesContinuingOperations $200.00K USD 1 Quarter
Cash required by discontinued operating activities CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations - USD 1 Quarter
Cash required by discontinued operating activities CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations - USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $30.50M USD 1 Quarter
Cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $200.00K USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $3.20M USD 1 Quarter
Acquisitions, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $7.80M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $11.40M USD 1 Quarter
Proceeds from disposal of assets ProceedsFromSaleOfPropertyPlantAndEquipment $400.00K USD 1 Quarter
Proceeds from disposal of assets ProceedsFromSaleOfPropertyPlantAndEquipment $300.00K USD 1 Quarter
Cash required by investing activities NetCashProvidedByUsedInInvestingActivities $-7.50M USD 1 Quarter
Cash required by investing activities NetCashProvidedByUsedInInvestingActivities $-14.20M USD 1 Quarter
Net decrease in short-term debt ProceedsFromRepaymentsOfShortTermDebt - USD 1 Quarter
Net decrease in short-term debt ProceedsFromRepaymentsOfShortTermDebt $-200.00K USD 1 Quarter
Cash provided by refinancing of credit facility ProceedsFromLongTermLinesOfCredit - USD 1 Quarter
Cash provided by refinancing of credit facility ProceedsFromLongTermLinesOfCredit $183.70M USD 1 Quarter
Cash payments to settle existing credit facility RepaymentsOfLongTermLinesOfCredit $183.70M USD 1 Quarter
Cash payments to settle existing credit facility RepaymentsOfLongTermLinesOfCredit - USD 1 Quarter
Net borrowings on credit facilities ProceedsFromRepaymentsOfLinesOfCredit $17.20M USD 1 Quarter
Net borrowings on credit facilities ProceedsFromRepaymentsOfLinesOfCredit $-22.00M USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $300.00K USD 1 Quarter
Repayment of long-term debt RepaymentsOfLongTermDebt $600.00K USD 1 Quarter
Excess tax benefits ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.80M USD 1 Quarter
Excess tax benefits ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.50M USD 1 Quarter
Tax withholdings on stock-based compensation awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $4.30M USD 1 Quarter
Tax withholdings on stock-based compensation awards PaymentsRelatedToTaxWithholdingForShareBasedCompensation $2.60M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $3.10M USD 1 Quarter
Purchase of treasury stock PaymentsForRepurchaseOfCommonStock $1.10M USD 1 Quarter
Dividends PaymentsOfDividends $3.00M USD 1 Quarter
Dividends PaymentsOfDividends $3.10M USD 1 Quarter
Cash provided (required) by financing activities NetCashProvidedByUsedInFinancingActivities $11.10M USD 1 Quarter
Cash provided (required) by financing activities NetCashProvidedByUsedInFinancingActivities $-30.90M USD 1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-5.60M USD 1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $1.70M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-13.50M USD 1 Quarter
Decrease in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-1.20M USD 1 Quarter
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $19.80M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $37.20M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $36.00M USD Point-in-time
Cash and cash equivalents, beginning of period CashAndCashEquivalentsAtCarryingValue $33.30M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $19.80M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $37.20M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $36.00M USD Point-in-time
Cash and cash equivalents, end of period CashAndCashEquivalentsAtCarryingValue $33.30M USD Point-in-time
Comprehensive Income 16 line items
Line Item Tag Value Unit Period
Pension and other postretirement benefits adjustments, tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-400.00K USD 1 Quarter
Net income NetIncomeLoss $5.10M USD 1 Quarter
Net income NetIncomeLoss $8.00M USD 1 Quarter
Pension and other postretirement benefits adjustments, tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax $-300.00K USD 1 Quarter
Derivatives designated as hedges, tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $-300.00K USD 1 Quarter
Derivatives designated as hedges, tax OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax $-1.40M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $7.60M USD 1 Quarter
Foreign currency translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax $-16.30M USD 1 Quarter
Pension and other postretirement benefits adjustments, net of tax of $0.3 and $0.4 for 2016 and 2015, respectively OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-900.00K USD 1 Quarter
Pension and other postretirement benefits adjustments, net of tax of $0.3 and $0.4 for 2016 and 2015, respectively OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax $-500.00K USD 1 Quarter
Derivatives designated as hedges, net of tax of ($1.4) and ($0.3) for 2016 and 2015, respectively OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-400.00K USD 1 Quarter
Derivatives designated as hedges, net of tax of ($1.4) and ($0.3) for 2016 and 2015, respectively OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax $-2.20M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $5.90M USD 1 Quarter
Other comprehensive income (loss) OtherComprehensiveIncomeLossNetOfTax $-15.80M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $-7.80M USD 1 Quarter
Comprehensive income (loss) ComprehensiveIncomeNetOfTax $11.00M USD 1 Quarter

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

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