10-Q Filing

JBT MAREL CORP CIK: 1433660 Q1 2014

Filing Information

Form Type	10-Q
Accession Number	`0001437749-14-008214`
Period End Date	20140331
Filing Date	20140507
Fiscal Year	2014
Fiscal Period	Q1
XBRL Instance	jbt-20140331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 41 Cash Flow Statement 61 Comprehensive Income 10

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Allowances, trade receivables (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.70M	USD	Point-in-time
Allowances, trade receivables (in Dollars)	`AllowanceForDoubtfulAccountsReceivableCurrent`	$3.20M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$245.90M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation (in Dollars)	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$241.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$19.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$29.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$15.30M	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock par value (in Dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$99.00M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Trade receivables, net of allowances of $3.2 and $3.7, respectively	`AccountsReceivableNetCurrent`	$148.70M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Trade receivables, net of allowances of $3.2 and $3.7, respectively	`AccountsReceivableNetCurrent`	$186.40M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Inventories	`InventoryNet`	$142.40M	USD	Point-in-time
Inventories	`InventoryNet`	$117.60M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$63.20M	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in Dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$68.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$378.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$396.60M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	29.14M	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $245.9 and $241.9, respectively	`PropertyPlantAndEquipmentNet`	$132.70M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	28.98M	shares	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $245.9 and $241.9, respectively	`PropertyPlantAndEquipmentNet`	$134.90M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$87.40M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	28.98M	shares	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$91.90M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	29.14M	shares	Point-in-time
Total Assets	`Assets`	$600.80M	USD	Point-in-time
Total Assets	`Assets`	$621.20M	USD	Point-in-time
Short-term debt and current portion of long-term debt	`DebtCurrent`	$6.30M	USD	Point-in-time
Short-term debt and current portion of long-term debt	`DebtCurrent`	$4.20M	USD	Point-in-time
Accounts payable, trade and other	`AccountsPayableCurrent`	$88.10M	USD	Point-in-time
Accounts payable, trade and other	`AccountsPayableCurrent`	$88.80M	USD	Point-in-time
Advance and progress payments	`CustomerAdvancesCurrent`	$94.90M	USD	Point-in-time
Advance and progress payments	`CustomerAdvancesCurrent`	$88.30M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$94.90M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$101.40M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$289.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$277.60M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$79.20M	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtNoncurrent`	$94.10M	USD	Point-in-time
Accrued pension and other postretirement benefits, less current portion	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$52.50M	USD	Point-in-time
Accrued pension and other postretirement benefits, less current portion	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$46.10M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$42.60M	USD	Point-in-time
Other liabilities	`OtherLiabilitiesNoncurrent`	$38.20M	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; 2014: 29,138,162 issued and outstanding; 2013: 28,979,080 issued and outstanding	`CommonStockValue`	$300.00K	USD	Point-in-time
Common stock, $0.01 par value; 120,000,000 shares authorized; 2014: 29,138,162 issued and outstanding; 2013: 28,979,080 issued and outstanding	`CommonStockValue`	$300.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$67.60M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$67.70M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$146.50M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$138.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-58.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-60.10M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$148.00M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$154.40M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$621.20M	USD	Point-in-time
Total Liabilities and Stockholders' Equity	`LiabilitiesAndStockholdersEquity`	$600.80M	USD	Point-in-time

Income Statement 41 line items

Line Item	Tag	Value	Unit	Period
Revenue	`Revenues`	$198.00M	USD	1 Quarter
Revenue	`Revenues`	$185.70M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$135.40M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$146.00M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$43.60M	USD	1 Quarter
Selling, general and administrative expense	`SellingGeneralAndAdministrativeExpense`	$40.90M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$3.20M	USD	1 Quarter
Research and development expense	`ResearchAndDevelopmentExpense`	$3.50M	USD	1 Quarter
Restructuring expense	`RestructuringCharges`	$10.20M	USD	1 Quarter
Restructuring expense	`RestructuringCharges`	$10.20M	USD	Annual
Other income, net	`OtherOperatingIncomeExpenseNet`	$100.00K	USD	1 Quarter
Other income, net	`OtherOperatingIncomeExpenseNet`	$400.00K	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$6.60M	USD	1 Quarter
Operating income (loss)	`OperatingIncomeLoss`	$-5.20M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$500.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$500.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$1.80M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.90M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.20M	USD	1 Quarter
Income (loss) from continuing operations before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-6.50M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$1.10M	USD	1 Quarter
Provision (benefit) for income taxes	`IncomeTaxExpenseBenefit`	$-1.80M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$-4.70M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest`	$4.10M	USD	1 Quarter
Loss from discontinued operations, net of taxes	`IncomeLossFromDiscontinuedOperationsNetOfTax`	$-100.00K	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-4.80M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.10M	USD	1 Quarter
Income (loss) from continuing operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$-0.16	USD	1 Quarter
Income (loss) from continuing operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerBasicShare`	$0.14	USD	1 Quarter
Loss from discontinued operations (in Dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Loss from discontinued operations (in Dollars per share)	`IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare`	-	USD	1 Quarter
Net income (loss) (in Dollars per share)	`EarningsPerShareBasic`	$0.14	USD	1 Quarter
Net income (loss) (in Dollars per share)	`EarningsPerShareBasic`	$-0.16	USD	1 Quarter
Income (loss) from continuing operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$0.14	USD	1 Quarter
Income (loss) from continuing operations (in Dollars per share)	`IncomeLossFromContinuingOperationsPerDilutedShare`	$-0.16	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 (loss) (in Dollars per share)	`EarningsPerShareDiluted`	$0.14	USD	1 Quarter
Net income (loss) (in Dollars per share)	`EarningsPerShareDiluted`	$-0.16	USD	1 Quarter
Cash dividends declared per share (in Dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.07	USD	1 Quarter
Cash dividends declared per share (in Dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.09	USD	1 Quarter

Cash Flow Statement 61 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-4.80M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.10M	USD	1 Quarter
Loss from discontinued operations, net of income taxes	`IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity`	$-100.00K	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$4.10M	USD	1 Quarter
Income (loss) from continuing operations	`IncomeLossFromContinuingOperations`	$-4.70M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$6.10M	USD	1 Quarter
Depreciation and amortization	`Depreciation`	$5.60M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.70M	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$1.70M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$3.40M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-3.80M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInReceivables`	$-37.80M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInReceivables`	$-38.40M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$22.10M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$24.80M	USD	1 Quarter
Accounts payable, trade and other	`IncreaseDecreaseInAccountsPayable`	$-13.50M	USD	1 Quarter
Accounts payable, trade and other	`IncreaseDecreaseInAccountsPayable`	$1.40M	USD	1 Quarter
Advance and progress payments	`IncreaseDecreaseInCustomerAdvances`	$27.20M	USD	1 Quarter
Advance and progress payments	`IncreaseDecreaseInCustomerAdvances`	$6.50M	USD	1 Quarter
Other assets and liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$17.30M	USD	1 Quarter
Other assets and liabilities, net	`IncreaseDecreaseInOtherOperatingCapitalNet`	$9.50M	USD	1 Quarter
Cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$17.90M	USD	1 Quarter
Cash provided by continuing operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$21.10M	USD	1 Quarter
Net cash required by discontinued operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-100.00K	USD	1 Quarter
Net cash required by discontinued operating activities	`CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations`	$-100.00K	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$17.80M	USD	1 Quarter
Cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$21.00M	USD	1 Quarter
Acquisitions	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$1.70M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$8.50M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$8.30M	USD	1 Quarter
Proceeds from disposal of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$300.00K	USD	1 Quarter
Proceeds from disposal of assets	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$300.00K	USD	1 Quarter
Cash required by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.00M	USD	1 Quarter
Cash required by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.90M	USD	1 Quarter
Net increase (decrease) in short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	$-600.00K	USD	1 Quarter
Net increase (decrease) in short-term debt	`ProceedsFromRepaymentsOfShortTermDebt`	$100.00K	USD	1 Quarter
Net payments on credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$-14.10M	USD	1 Quarter
Net payments on credit facilities	`ProceedsFromRepaymentsOfLinesOfCredit`	$-93.20M	USD	1 Quarter
Repayment of long-term debt	`RepaymentsOfLongTermDebt`	$2.50M	USD	1 Quarter
Issuance of long-term debt	`ProceedsFromIssuanceOfLongTermDebt`	$4.00M	USD	1 Quarter
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$200.00K	USD	1 Quarter
Excess tax benefits	`ExcessTaxBenefitFromShareBasedCompensationFinancingActivities`	$900.00K	USD	1 Quarter
Tax withholdings on stock-based compensation awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.30M	USD	1 Quarter
Tax withholdings on stock-based compensation awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.60M	USD	1 Quarter
Dividends	`PaymentsOfDividends`	$2.80M	USD	1 Quarter
Dividends	`PaymentsOfDividends`	$2.30M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-100.00K	USD	1 Quarter
Cash required by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-93.60M	USD	1 Quarter
Cash required by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-21.70M	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$300.00K	USD	1 Quarter
Effect of foreign exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$100.00K	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-83.70M	USD	1 Quarter
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-10.30M	USD	1 Quarter
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.10M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$29.40M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$15.30M	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$99.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$19.10M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$29.40M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$15.30M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$99.00M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$-4.80M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$4.10M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-1.80M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$700.00K	USD	1 Quarter
Pension and other postretirement benefits adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$600.00K	USD	1 Quarter
Pension and other postretirement benefits adjustments, net of tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$500.00K	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$-1.30M	USD	1 Quarter
Other comprehensive income (loss)	`OtherComprehensiveIncomeLossNetOfTax`	$1.30M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$2.80M	USD	1 Quarter
Comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-3.50M	USD	1 Quarter

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