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10-Q Filing

QUAD/GRAPHICS, INC. CIK: 1481792 Q1 2015
Filing Information
Form Type 10-Q
Accession Number 0001481792-15-000033
Period End Date 20150331
Filing Date 20150506
Fiscal Year 2015
Fiscal Period Q1
XBRL Instance quad-20150331.xml
Filing Contents
Balance Sheet 72 line items
Line Item Tag Value Unit Period
Allowances for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $57.30M USD Point-in-time
Allowances for doubtful accounts AllowanceForDoubtfulAccountsReceivableCurrent $57.80M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $13.10M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $24.50M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $13.10M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $9.60M USD Point-in-time
Receivables, less allowances for doubtful accounts of $57.3 million at March 31, 2015 and $57.8 million at December 31, 2014 ReceivablesNetCurrent $766.20M USD Point-in-time
Receivables, less allowances for doubtful accounts of $57.3 million at March 31, 2015 and $57.8 million at December 31, 2014 ReceivablesNetCurrent $628.80M USD Point-in-time
Inventories InventoryNet $291.00M USD Point-in-time
Inventories InventoryNet $287.80M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $44.80M USD Point-in-time
Prepaid expenses and other current assets PrepaidExpenseAndOtherAssetsCurrent $39.10M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $48.40M USD Point-in-time
Deferred income taxes DeferredTaxAssetsNetCurrent $55.70M USD Point-in-time
Short-term restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $31.20M USD Point-in-time
Short-term restricted cash RestrictedCashAndCashEquivalentsAtCarryingValue $31.20M USD Point-in-time
Total current assets AssetsCurrent $1.08B USD Point-in-time
Total current assets AssetsCurrent $1.18B USD Point-in-time
Property, plant and equipmentnet PropertyPlantAndEquipmentNet $1.86B USD Point-in-time
Property, plant and equipmentnet PropertyPlantAndEquipmentNet $1.82B USD Point-in-time
Goodwill Goodwill $751.30M USD Point-in-time
Goodwill Goodwill $775.50M USD Point-in-time
Other intangible assetsnet IntangibleAssetsNetExcludingGoodwill $149.10M USD Point-in-time
Other intangible assetsnet IntangibleAssetsNetExcludingGoodwill $146.60M USD Point-in-time
Equity method investments in unconsolidated entities EquityMethodInvestments $37.10M USD Point-in-time
Equity method investments in unconsolidated entities EquityMethodInvestments $42.00M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $72.80M USD Point-in-time
Other long-term assets OtherAssetsNoncurrent $83.80M USD Point-in-time
Total assets Assets $3.91B USD Point-in-time
Total assets Assets $4.08B USD Point-in-time
Accounts payable AccountsPayableCurrent $406.90M USD Point-in-time
Accounts payable AccountsPayableCurrent $332.80M USD Point-in-time
Amounts owing in satisfaction of bankruptcy claims AmountsOwingInSatisfactionOfBankruptcyClaims $1.40M USD Point-in-time
Amounts owing in satisfaction of bankruptcy claims AmountsOwingInSatisfactionOfBankruptcyClaims $1.40M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $358.10M USD Point-in-time
Accrued liabilities AccruedLiabilitiesCurrent $322.60M USD Point-in-time
Short-term debt and current portion of long-term debt LongTermDebtCurrent $95.90M USD Point-in-time
Short-term debt and current portion of long-term debt LongTermDebtCurrent $92.00M USD Point-in-time
Current portion of capital lease obligations CapitalLeaseObligationsCurrent $4.20M USD Point-in-time
Current portion of capital lease obligations CapitalLeaseObligationsCurrent $4.30M USD Point-in-time
Total current liabilities LiabilitiesCurrent $862.60M USD Point-in-time
Total current liabilities LiabilitiesCurrent $757.00M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.35B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.32B USD Point-in-time
Unsecured notes to be issued UnsecuredNotesToBeIssued $8.00M USD Point-in-time
Unsecured notes to be issued UnsecuredNotesToBeIssued $9.00M USD Point-in-time
Capital lease obligations CapitalLeaseObligationsNoncurrent $10.50M USD Point-in-time
Capital lease obligations CapitalLeaseObligationsNoncurrent $9.70M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $384.40M USD Point-in-time
Deferred income taxes DeferredTaxLiabilitiesNoncurrent $387.40M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $339.30M USD Point-in-time
Other long-term liabilities OtherLiabilitiesNoncurrent $324.20M USD Point-in-time
Total liabilities Liabilities $2.92B USD Point-in-time
Total liabilities Liabilities $2.83B USD Point-in-time
Commitments and contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 8) CommitmentsAndContingencies - USD Point-in-time
Preferred stock PreferredStockValue - USD Point-in-time
Preferred stock PreferredStockValue - USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $971.30M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $972.80M USD Point-in-time
Treasury stock, at cost TreasuryStockValue $218.80M USD Point-in-time
Treasury stock, at cost TreasuryStockValue $216.70M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $464.60M USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $515.20M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-116.60M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-141.50M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-7.30M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-5.60M USD Point-in-time
Total shareholders' equity StockholdersEquity $1.15B USD Point-in-time
Total shareholders' equity StockholdersEquity $1.08B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $4.08B USD Point-in-time
Total liabilities and shareholders' equity LiabilitiesAndStockholdersEquity $3.91B USD Point-in-time
Income Statement 48 line items
Line Item Tag Value Unit Period
Products SalesRevenueGoodsNet $950.30M USD 1 Quarter
Products SalesRevenueGoodsNet $953.70M USD 1 Quarter
Services SalesRevenueServicesNet $157.70M USD 1 Quarter
Services SalesRevenueServicesNet $149.10M USD 1 Quarter
Total net sales SalesRevenueNet $1.11B USD 1 Quarter
Total net sales SalesRevenueNet $1.10B USD 1 Quarter
Products CostOfGoodsSold $780.20M USD 1 Quarter
Products CostOfGoodsSold $783.60M USD 1 Quarter
Services CostOfServices $115.20M USD 1 Quarter
Services CostOfServices $109.00M USD 1 Quarter
Total cost of sales CostOfGoodsAndServicesSold $895.40M USD 1 Quarter
Total cost of sales CostOfGoodsAndServicesSold $892.60M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $109.70M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $103.50M USD 1 Quarter
Depreciation and amortization OtherDepreciationAndAmortization $81.30M USD 1 Quarter
Depreciation and amortization OtherDepreciationAndAmortization $83.80M USD 1 Quarter
Restructuring, impairment and transaction-related charges RestructuringSettlementAndImpairmentProvisions $11.90M USD 1 Quarter
Restructuring, impairment and transaction-related charges RestructuringSettlementAndImpairmentProvisions $10.10M USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss $23.30M USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss - USD 1 Quarter
Total operating expenses CostsAndExpenses $1.12B USD 1 Quarter
Total operating expenses CostsAndExpenses $1.09B USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $11.00M USD 1 Quarter
Operating income (loss) OperatingIncomeLoss $-11.80M USD 1 Quarter
Interest expense InterestExpense $20.90M USD 1 Quarter
Interest expense InterestExpense $22.50M USD 1 Quarter
Loss before income taxes and equity in loss of unconsolidated entities IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-9.90M USD 1 Quarter
Loss before income taxes and equity in loss of unconsolidated entities IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $-34.30M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-1.00M USD 1 Quarter
Income tax benefit IncomeTaxExpenseBenefit $-1.20M USD 1 Quarter
Loss before equity in loss of unconsolidated entities IncomeLossBeforeEquityinEarningsLossofUnconsolidatedEntities $-33.30M USD 1 Quarter
Loss before equity in loss of unconsolidated entities IncomeLossBeforeEquityinEarningsLossofUnconsolidatedEntities $-8.70M USD 1 Quarter
Equity in loss of unconsolidated entities IncomeLossFromEquityMethodInvestments $-400.00K USD 1 Quarter
Equity in loss of unconsolidated entities IncomeLossFromEquityMethodInvestments $-1.90M USD 1 Quarter
Net loss ProfitLoss $-35.20M USD 1 Quarter
Net loss ProfitLoss $-9.10M USD 1 Quarter
Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $-300.00K USD 1 Quarter
Net loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Net loss attributable to Quad/Graphics common shareholders NetIncomeLoss $-8.80M USD 1 Quarter
Net loss attributable to Quad/Graphics common shareholders NetIncomeLoss $-35.20M USD 1 Quarter
Basic and diluted EarningsPerShareBasicAndDiluted $-0.19 USD 1 Quarter
Basic and diluted EarningsPerShareBasicAndDiluted $-0.74 USD 1 Quarter
Dividends declared per share (in usd per share) CommonStockDividendsPerShareCashPaid $0.30 USD 1 Quarter
Dividends declared per share (in usd per share) CommonStockDividendsPerShareCashPaid $0.30 USD 1 Quarter
Common Stock, Dividends, Per Share, Declared CommonStockDividendsPerShareDeclared $0.30 USD 1 Quarter
Common Stock, Dividends, Per Share, Declared CommonStockDividendsPerShareDeclared $0.30 USD 1 Quarter
Basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 47.40M shares 1 Quarter
Basic and diluted WeightedAverageNumberOfShareOutstandingBasicAndDiluted 47.70M shares 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-35.20M USD 1 Quarter
Net loss ProfitLoss $-9.10M USD 1 Quarter
Depreciation and amortization OtherDepreciationAndAmortization $81.30M USD 1 Quarter
Depreciation and amortization OtherDepreciationAndAmortization $83.80M USD 1 Quarter
Impairment charges AssetImpairmentCharges $6.30M USD 1 Quarter
Impairment charges AssetImpairmentCharges $1.10M USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss $23.30M USD 1 Quarter
Goodwill impairment GoodwillImpairmentLoss - USD 1 Quarter
Amortization of debt issuance costs and original issue discount AmortizationOfFinancingCostsAndDiscounts $1.10M USD 1 Quarter
Amortization of debt issuance costs and original issue discount AmortizationOfFinancingCostsAndDiscounts $1.20M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $4.20M USD 1 Quarter
Stock-based compensation ShareBasedCompensation $2.70M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-4.70M USD 1 Quarter
Deferred income taxes DeferredIncomeTaxExpenseBenefit $-3.70M USD 1 Quarter
Equity in loss of unconsolidated entities IncomeLossFromEquityMethodInvestments $-400.00K USD 1 Quarter
Equity in loss of unconsolidated entities IncomeLossFromEquityMethodInvestments $-1.90M USD 1 Quarter
Changes in operating assets and liabilitiesnet of acquisitions IncreaseDecreaseInOtherOperatingCapitalNet $44.80M USD 1 Quarter
Changes in operating assets and liabilitiesnet of acquisitions IncreaseDecreaseInOtherOperatingCapitalNet $12.60M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $33.00M USD 1 Quarter
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $64.20M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $42.30M USD 1 Quarter
Purchases of property, plant and equipment PaymentsToAcquirePropertyPlantAndEquipment $45.80M USD 1 Quarter
Cost investment in unconsolidated entities PaymentsToAcquireCostMethodInvestments $4.10M USD 1 Quarter
Cost investment in unconsolidated entities PaymentsToAcquireCostMethodInvestments $1.20M USD 1 Quarter
Proceeds from the sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $200.00K USD 1 Quarter
Proceeds from the sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $100.00K USD 1 Quarter
Transfers from restricted cash IncreaseDecreaseInRestrictedCash $-100.00K USD 1 Quarter
Transfers from restricted cash IncreaseDecreaseInRestrictedCash - USD 1 Quarter
Acquisition of businessesnet of cash acquired PaymentsToAcquireBusinessTwoNetOfCashAcquired $19.50M USD 1 Quarter
Acquisition of businessesnet of cash acquired PaymentsToAcquireBusinessTwoNetOfCashAcquired $8.90M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-62.90M USD 1 Quarter
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-58.50M USD 1 Quarter
Payments of long-term debt RepaymentsOfOtherLongTermDebt $9.70M USD 1 Quarter
Payments of long-term debt RepaymentsOfOtherLongTermDebt $16.30M USD 1 Quarter
Payments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $1.20M USD 1 Quarter
Payments of capital lease obligations RepaymentsOfLongTermCapitalLeaseObligations $1.80M USD 1 Quarter
Borrowings on revolving credit facilities ProceedsFromLongTermLinesOfCredit $419.60M USD 1 Quarter
Borrowings on revolving credit facilities ProceedsFromLongTermLinesOfCredit $388.30M USD 1 Quarter
Payments on revolving credit facilities RepaymentsOfLongTermLinesOfCredit $348.60M USD 1 Quarter
Payments on revolving credit facilities RepaymentsOfLongTermLinesOfCredit $362.80M USD 1 Quarter
Bankruptcy claim payments on unsecured notes to be issued BankruptcyClaimPaymentsOnUnsecuredNotesToBeIssued $100.00K USD 1 Quarter
Bankruptcy claim payments on unsecured notes to be issued BankruptcyClaimPaymentsOnUnsecuredNotesToBeIssued - USD 1 Quarter
Sale of stock for options exercised ProceedsFromIssuanceOfCommonStock $1.30M USD 1 Quarter
Sale of stock for options exercised ProceedsFromIssuanceOfCommonStock $800.00K USD 1 Quarter
Shares withheld from employees for the tax obligation on equity grants PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.60M USD 1 Quarter
Shares withheld from employees for the tax obligation on equity grants PaymentsRelatedToTaxWithholdingForShareBasedCompensation $1.00M USD 1 Quarter
Tax benefit on equity award activity ExcessTaxBenefitFromShareBasedCompensationFinancingActivities - USD 1 Quarter
Tax benefit on equity award activity ExcessTaxBenefitFromShareBasedCompensationFinancingActivities $1.20M USD 1 Quarter
Payment of cash dividends PaymentsOfDividends $15.80M USD 1 Quarter
Payment of cash dividends PaymentsOfDividends $14.70M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $23.70M USD 1 Quarter
Net cash provided by financing activities NetCashProvidedByUsedInFinancingActivities $13.90M USD 1 Quarter
Effect of exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $1.80M USD 1 Quarter
Effect of exchange rates on cash and cash equivalents EffectOfExchangeRateOnCashAndCashEquivalents $-300.00K USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $14.90M USD 1 Quarter
Net increase in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease - USD 1 Quarter
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $13.10M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $24.50M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $13.10M USD Point-in-time
Cash and cash equivalents at beginning of period CashAndCashEquivalentsAtCarryingValue $9.60M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $13.10M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $24.50M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $13.10M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $9.60M USD Point-in-time
Comprehensive Income 18 line items
Line Item Tag Value Unit Period
Net loss ProfitLoss $-35.20M USD 1 Quarter
Net loss ProfitLoss $-9.10M USD 1 Quarter
Translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $-24.90M USD 1 Quarter
Translation adjustments OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax $-800.00K USD 1 Quarter
Pension and other postretirement benefit plan adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax $1.50M USD 1 Quarter
Pension and other postretirement benefit plan adjustments OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax - USD 1 Quarter
Other comprehensive loss, before tax OtherComprehensiveIncomeLossBeforeTax $-24.90M USD 1 Quarter
Other comprehensive loss, before tax OtherComprehensiveIncomeLossBeforeTax $-2.30M USD 1 Quarter
Income tax benefit related to items of other comprehensive loss OtherComprehensiveIncomeLossTax $-600.00K USD 1 Quarter
Income tax benefit related to items of other comprehensive loss OtherComprehensiveIncomeLossTax - USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-24.90M USD 1 Quarter
Other comprehensive loss, net of tax OtherComprehensiveIncomeLossNetOfTax $-1.70M USD 1 Quarter
Total comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-10.80M USD 1 Quarter
Total comprehensive loss ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-60.10M USD 1 Quarter
Less: comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-300.00K USD 1 Quarter
Less: comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 1 Quarter
Comprehensive loss attributable to Quad/Graphics common shareholders ComprehensiveIncomeNetOfTax $-10.50M USD 1 Quarter
Comprehensive loss attributable to Quad/Graphics common shareholders ComprehensiveIncomeNetOfTax $-60.10M USD 1 Quarter

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

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