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10-Q Filing

XYLEM INC. CIK: 1524472 Q1 2018
Filing Information
Form Type 10-Q
Accession Number 0001524472-18-000019
Period End Date 20180331
Filing Date 20180501
Fiscal Year 2018
Fiscal Period Q1
XBRL Instance xyl0331201810-q_htm.xml
Filing Contents
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Allowances for discounts and doubtful accounts on receivables AllowanceForDoubtfulAccountsReceivableCurrent $29.00M USD Point-in-time
Allowances for discounts and doubtful accounts on receivables AllowanceForDoubtfulAccountsReceivableCurrent $35.00M USD Point-in-time
Common Stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common Stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common Stock, shares authorized CommonStockSharesAuthorized 750.00M shares Point-in-time
Common Stock, shares authorized CommonStockSharesAuthorized 750.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $287.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $308.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $297.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $414.00M USD Point-in-time
Receivables, less allowances for discounts and doubtful accounts of $29 and $35 in 2018 and 2017, respectively AccountsReceivableNetCurrent $999.00M USD Point-in-time
Common Stock, shares issued CommonStockSharesIssued 192.80M shares Point-in-time
Common Stock, shares issued CommonStockSharesIssued 192.30M shares Point-in-time
Receivables, less allowances for discounts and doubtful accounts of $29 and $35 in 2018 and 2017, respectively AccountsReceivableNetCurrent $956.00M USD Point-in-time
Inventories InventoryNet $524.00M USD Point-in-time
Inventories InventoryNet $578.00M USD Point-in-time
Treasury Stock, shares TreasuryStockShares 12.80M shares Point-in-time
Treasury Stock, shares TreasuryStockShares 12.40M shares Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $177.00M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $192.00M USD Point-in-time
Total current assets AssetsCurrent $2.07B USD Point-in-time
Total current assets AssetsCurrent $2.07B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $666.00M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $643.00M USD Point-in-time
Goodwill Goodwill $2.77B USD Point-in-time
Goodwill Goodwill $3.08B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.17B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.30B USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $210.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $233.00M USD Point-in-time
Total assets Assets $7.35B USD Point-in-time
Total assets Assets $6.86B USD Point-in-time
Accounts payable AccountsPayableCurrent $549.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $543.00M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $546.00M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $551.00M USD Point-in-time
Short-term borrowings and current maturities of long-term debt DebtCurrent - USD Point-in-time
Short-term borrowings and current maturities of long-term debt DebtCurrent $371.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.10B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.46B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.20B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.23B USD Point-in-time
Accrued postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $442.00M USD Point-in-time
Accrued postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $446.00M USD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent $252.00M USD Point-in-time
Deferred income tax liabilities DeferredTaxLiabilitiesNoncurrent $285.00M USD Point-in-time
Other non-current accrued liabilities OtherAccruedLiabilitiesNoncurrent $374.00M USD Point-in-time
Other non-current accrued liabilities OtherAccruedLiabilitiesNoncurrent $347.00M USD Point-in-time
Total liabilities Liabilities $4.79B USD Point-in-time
Total liabilities Liabilities $4.34B USD Point-in-time
Commitments and contingencies (Note 18) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 18) CommitmentsAndContingencies - USD Point-in-time
Common Stock - par value $0.01 per share: Authorized 750.0 shares, issued 190.8 shares and 190.2 shares in 2016 and 2015, respectively CommonStockValue $2.00M USD Point-in-time
Common Stock - par value $0.01 per share: Authorized 750.0 shares, issued 190.8 shares and 190.2 shares in 2016 and 2015, respectively CommonStockValue $2.00M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $1.91B USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $1.93B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.28B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.23B USD Point-in-time
Treasury stock at cost 12.8 shares and 12.4 shares in 2018 and 2017, respectively TreasuryStockValue $428.00M USD Point-in-time
Treasury stock at cost 12.8 shares and 12.4 shares in 2018 and 2017, respectively TreasuryStockValue $461.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-210.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-207.00M USD Point-in-time
Total stockholders equity StockholdersEquity $2.54B USD Point-in-time
Total stockholders equity StockholdersEquity $2.50B USD Point-in-time
Non-controlling interests MinorityInterest $16.00M USD Point-in-time
Non-controlling interests MinorityInterest $16.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.56B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.52B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $6.86B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $7.35B USD Point-in-time
Income Statement 36 line items
Line Item Tag Value Unit Period
Revenue SalesRevenueNet $1.22B USD 1 Quarter
Revenue SalesRevenueNet $1.07B USD 1 Quarter
Cost of revenue CostOfRevenue $659.00M USD 1 Quarter
Cost of revenue CostOfRevenue $757.00M USD 1 Quarter
Gross profit GrossProfit $460.00M USD 1 Quarter
Gross profit GrossProfit $412.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $272.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $296.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $42.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $41.00M USD 1 Quarter
Restructuring and asset impairment charges, net RestructuringSettlementAndImpairmentProvisions $12.00M USD 1 Quarter
Restructuring and asset impairment charges, net RestructuringSettlementAndImpairmentProvisions $10.00M USD 1 Quarter
Operating income OperatingIncomeLoss $86.00M USD 1 Quarter
Operating income OperatingIncomeLoss $113.00M USD 1 Quarter
Interest expense InterestExpense $21.00M USD 1 Quarter
Interest expense InterestExpense $20.00M USD 1 Quarter
Other non-operating income (expense), net OtherNonoperatingIncomeExpense $3.00M USD 1 Quarter
Other non-operating income (expense), net OtherNonoperatingIncomeExpense $-1.00M USD 1 Quarter
Gain from sale of business GainLossOnSaleOfBusiness $5.00M USD 1 Quarter
Gain from sale of business GainLossOnSaleOfBusiness - USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $70.00M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $95.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $14.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $16.00M USD 1 Quarter
Net income NetIncomeLoss $56.00M USD 1 Quarter
Net income NetIncomeLoss $79.00M USD 1 Quarter
Basic (usd per share) EarningsPerShareBasic $0.44 USD 1 Quarter
Basic (usd per share) EarningsPerShareBasic $0.31 USD 1 Quarter
Diluted (usd per share) EarningsPerShareDiluted $0.43 USD 1 Quarter
Diluted (usd per share) EarningsPerShareDiluted $0.31 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 179.58M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 179.88M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 180.70M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 181.37M shares 1 Quarter
Dividends declared per share (usd per share) CommonStockDividendsPerShareDeclared $0.18 USD 1 Quarter
Dividends declared per share (usd per share) CommonStockDividendsPerShareDeclared $0.21 USD 1 Quarter
Cash Flow Statement 64 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $79.00M USD 1 Quarter
Net income ProfitLoss $56.00M USD 1 Quarter
Depreciation Depreciation $29.00M USD 1 Quarter
Depreciation Depreciation $28.00M USD 1 Quarter
Amortization AdjustmentForAmortization $38.00M USD 1 Quarter
Amortization AdjustmentForAmortization $31.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $9.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $6.00M USD 1 Quarter
Restructuring and asset impairment charges RestructuringCostsAndAssetImpairmentCharges $12.00M USD 1 Quarter
Restructuring and asset impairment charges RestructuringCostsAndAssetImpairmentCharges $10.00M USD 1 Quarter
Gain from sale of business GainLossOnSaleOfBusiness $5.00M USD 1 Quarter
Gain from sale of business GainLossOnSaleOfBusiness - USD 1 Quarter
Other, net OtherNoncashIncomeExpense $4.00M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $2.00M USD 1 Quarter
Payments for restructuring PaymentsForRestructuring $5.00M USD 1 Quarter
Payments for restructuring PaymentsForRestructuring $8.00M USD 1 Quarter
Changes in receivables IncreaseDecreaseInReceivables $9.00M USD 1 Quarter
Changes in receivables IncreaseDecreaseInReceivables $12.00M USD 1 Quarter
Changes in inventories IncreaseDecreaseInInventories $40.00M USD 1 Quarter
Changes in inventories IncreaseDecreaseInInventories $10.00M USD 1 Quarter
Changes in accounts payable IncreaseDecreaseInAccountsPayable $-32.00M USD 1 Quarter
Changes in accounts payable IncreaseDecreaseInAccountsPayable $6.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-50.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-12.00M USD 1 Quarter
Net Cash Operating activities NetCashProvidedByUsedInOperatingActivities $63.00M USD 1 Quarter
Net Cash Operating activities NetCashProvidedByUsedInOperatingActivities $52.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $61.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $43.00M USD 1 Quarter
Acquisition of business, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $430.00M USD 1 Quarter
Acquisition of business, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $6.00M USD 1 Quarter
Proceeds from sale of business ProceedsFromDivestitureOfBusinesses - USD 1 Quarter
Proceeds from sale of business ProceedsFromDivestitureOfBusinesses $11.00M USD 1 Quarter
Net Cash Investing activities NetCashProvidedByUsedInInvestingActivities $-38.00M USD 1 Quarter
Net Cash Investing activities NetCashProvidedByUsedInInvestingActivities $-491.00M USD 1 Quarter
Short-term debt issued, net ProceedsFromShortTermDebt - USD 1 Quarter
Short-term debt issued, net ProceedsFromShortTermDebt $371.00M USD 1 Quarter
Short-term debt repaid RepaymentsOfShortTermDebt - USD 1 Quarter
Short-term debt repaid RepaymentsOfShortTermDebt $5.00M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $33.00M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $5.00M USD 1 Quarter
Proceeds from exercise of employee stock options ProceedsFromStockOptionsExercised $3.00M USD 1 Quarter
Proceeds from exercise of employee stock options ProceedsFromStockOptionsExercised $1.00M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $33.00M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $38.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $1.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-1.00M USD 1 Quarter
Net Cash Financing activities NetCashProvidedByUsedInFinancingActivities $-41.00M USD 1 Quarter
Net Cash Financing activities NetCashProvidedByUsedInFinancingActivities $302.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $6.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $9.00M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-117.00M USD 1 Quarter
Net change in cash and cash equivalents CashAndCashEquivalentsPeriodIncreaseDecrease $-21.00M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $287.00M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $308.00M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $297.00M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $414.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $287.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $308.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $297.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $414.00M USD Point-in-time
Interest InterestPaid $12.00M USD 1 Quarter
Interest InterestPaid $14.00M USD 1 Quarter
Income taxes (net of refunds received) IncomeTaxesPaidNet $17.00M USD 1 Quarter
Income taxes (net of refunds received) IncomeTaxesPaidNet $17.00M USD 1 Quarter
Comprehensive Income 22 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $79.00M USD 1 Quarter
Net income ProfitLoss $56.00M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $8.00M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $29.00M USD 1 Quarter
Unrealized gains UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax $2.00M USD 1 Quarter
Unrealized gains UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax - USD 1 Quarter
Amount of loss reclassified into net income ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet $-1.00M USD 1 Quarter
Amount of loss reclassified into net income ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet $1.00M USD 1 Quarter
Amortization of prior service cost OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax $1.00M USD 1 Quarter
Amortization of prior service cost OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax - USD 1 Quarter
Amortization of net actuarial loss into net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax $3.00M USD 1 Quarter
Amortization of net actuarial loss into net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax $3.00M USD 1 Quarter
Settlement/Curtailment OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationBeforeTax $1.00M USD 1 Quarter
Settlement/Curtailment OtherComprehensiveIncomeLossFinalizationOfPensionAndNonPensionPostretirementPlanValuationBeforeTax - USD 1 Quarter
Other comprehensive (loss) income, before tax OtherComprehensiveIncomeLossBeforeTax $35.00M USD 1 Quarter
Other comprehensive (loss) income, before tax OtherComprehensiveIncomeLossBeforeTax $10.00M USD 1 Quarter
Income tax benefit related to items of other comprehensive income OtherComprehensiveIncomeLossTax $-7.00M USD 1 Quarter
Income tax benefit related to items of other comprehensive income OtherComprehensiveIncomeLossTax $-10.00M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $42.00M USD 1 Quarter
Other comprehensive income, net of tax OtherComprehensiveIncomeLossNetOfTax $20.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $99.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTax $98.00M USD 1 Quarter

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

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