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10-Q Filing

XYLEM INC. CIK: 1524472 Q1 2020
Filing Information
Form Type 10-Q
Accession Number 0001524472-20-000020
Period End Date 20200331
Filing Date 20200505
Fiscal Year 2020
Fiscal Period Q1
XBRL Instance xyl-20200331_htm.xml
Filing Contents
Balance Sheet 72 line items
Line Item Tag Value Unit Period
Allowances for discounts and doubtful accounts on receivables AllowanceForDoubtfulAccountsReceivableCurrent $35.00M USD Point-in-time
Allowances for discounts and doubtful accounts on receivables AllowanceForDoubtfulAccountsReceivableCurrent $33.00M 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $724.00M USD Point-in-time
Common Stock, shares authorized CommonStockSharesAuthorized 750.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $296.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $739.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $275.00M USD Point-in-time
Common Stock, shares authorized CommonStockSharesAuthorized 750.00M shares Point-in-time
Common Stock, shares issued CommonStockSharesIssued 193.80M shares Point-in-time
Receivables, less allowances for discounts, returns and doubtful accounts of $29 and $35 in 2020 and 2019, respectively AccountsReceivableNetCurrent $1.04B USD Point-in-time
Receivables, less allowances for discounts, returns and doubtful accounts of $29 and $35 in 2020 and 2019, respectively AccountsReceivableNetCurrent $975.00M USD Point-in-time
Common Stock, shares issued CommonStockSharesIssued 192.90M shares Point-in-time
Inventories InventoryNet $539.00M USD Point-in-time
Treasury Stock, shares TreasuryStockShares 13.20M shares Point-in-time
Inventories InventoryNet $573.00M USD Point-in-time
Treasury Stock, shares TreasuryStockShares 13.70M shares Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $175.00M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $151.00M USD Point-in-time
Total current assets AssetsCurrent $2.45B USD Point-in-time
Total current assets AssetsCurrent $2.46B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $628.00M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $658.00M USD Point-in-time
Goodwill Goodwill $2.79B USD Point-in-time
Goodwill Goodwill $2.84B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.14B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.17B USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $589.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $570.00M USD Point-in-time
Total assets Assets $7.59B USD Point-in-time
Total assets Assets $7.71B USD Point-in-time
Accounts payable AccountsPayableCurrent $597.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $506.00M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $619.00M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $628.00M USD Point-in-time
Short-term borrowings and current maturities of long-term debt DebtCurrent $459.00M USD Point-in-time
Short-term borrowings and current maturities of long-term debt DebtCurrent $276.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.50B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.58B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.04B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.03B USD Point-in-time
Accrued postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $433.00M USD Point-in-time
Accrued postretirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $445.00M USD Point-in-time
Deferred income tax liabilities DeferredIncomeTaxLiabilitiesNet $315.00M USD Point-in-time
Deferred income tax liabilities DeferredIncomeTaxLiabilitiesNet $310.00M USD Point-in-time
Other non-current accrued liabilities OtherAccruedLiabilitiesNoncurrent $447.00M USD Point-in-time
Other non-current accrued liabilities OtherAccruedLiabilitiesNoncurrent $407.00M USD Point-in-time
Total liabilities Liabilities $4.77B USD Point-in-time
Total liabilities Liabilities $4.74B 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 CommonStockValue $2.00M USD Point-in-time
Common Stock CommonStockValue $2.00M USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $2.00B USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $1.99B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.87B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $1.85B USD Point-in-time
Treasury stock at cost 14.5 shares and 13.7 shares in 2020 and 2019, respectively TreasuryStockValue $527.00M USD Point-in-time
Treasury stock at cost 14.5 shares and 13.7 shares in 2020 and 2019, respectively TreasuryStockValue $587.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-375.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-461.00M USD Point-in-time
Total stockholders equity StockholdersEquity $2.96B USD Point-in-time
Total stockholders equity StockholdersEquity $2.81B USD Point-in-time
Non-controlling interests MinorityInterest $10.00M USD Point-in-time
Non-controlling interests MinorityInterest $9.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.81B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.82B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.78B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.97B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $7.59B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $7.71B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Revenues Revenues $1.24B USD 1 Quarter
Revenues Revenues $1.12B USD 1 Quarter
Cost of revenue CostOfRevenue $763.00M USD 1 Quarter
Cost of revenue CostOfRevenue $714.00M USD 1 Quarter
Gross profit GrossProfit $409.00M USD 1 Quarter
Gross profit GrossProfit $474.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $297.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $303.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $51.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $49.00M USD 1 Quarter
Restructuring and asset impairment charges RestructuringSettlementAndImpairmentProvisions $11.00M USD 1 Quarter
Restructuring and asset impairment charges RestructuringSettlementAndImpairmentProvisions $2.00M USD 1 Quarter
Operating income OperatingIncomeLoss $61.00M USD 1 Quarter
Operating income OperatingIncomeLoss $109.00M USD 1 Quarter
Interest expense InterestExpense $16.00M USD 1 Quarter
Interest expense InterestExpense $18.00M USD 1 Quarter
Other non-operating (expense) income, net OtherNonoperatingIncomeExpense $-3.00M USD 1 Quarter
Other non-operating (expense) income, net OtherNonoperatingIncomeExpense $2.00M USD 1 Quarter
Gain from sale of business GainLossOnSaleOfBusiness $1.00M USD 1 Quarter
Gain from sale of business GainLossOnSaleOfBusiness - USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $94.00M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments $42.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $4.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $15.00M USD 1 Quarter
Net income ProfitLoss $38.00M USD 1 Quarter
Net income ProfitLoss $79.00M USD 1 Quarter
Basic (usd per share) EarningsPerShareBasic $0.44 USD 1 Quarter
Basic (usd per share) EarningsPerShareBasic $0.21 USD 1 Quarter
Diluted (usd per share) EarningsPerShareDiluted $0.21 USD 1 Quarter
Diluted (usd per share) EarningsPerShareDiluted $0.43 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 180.18M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 179.75M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 181.29M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 181.11M shares 1 Quarter
Cash Flow Statement 62 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $38.00M USD 1 Quarter
Net income ProfitLoss $79.00M USD 1 Quarter
Depreciation Depreciation $29.00M USD 1 Quarter
Depreciation Depreciation $29.00M USD 1 Quarter
Amortization AdjustmentForAmortization $35.00M USD 1 Quarter
Amortization AdjustmentForAmortization $35.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $9.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $8.00M USD 1 Quarter
Restructuring and asset impairment charges RestructuringCostsAndAssetImpairmentCharges $11.00M USD 1 Quarter
Restructuring and asset impairment charges RestructuringCostsAndAssetImpairmentCharges $2.00M USD 1 Quarter
Gain from sale of business GainLossOnSaleOfBusiness $1.00M USD 1 Quarter
Gain from sale of business GainLossOnSaleOfBusiness - USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-1.00M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-4.00M USD 1 Quarter
Payments for restructuring PaymentsForRestructuring $4.00M USD 1 Quarter
Payments for restructuring PaymentsForRestructuring $8.00M USD 1 Quarter
Changes in receivables IncreaseDecreaseInReceivables $-23.00M USD 1 Quarter
Changes in receivables IncreaseDecreaseInReceivables $-7.00M USD 1 Quarter
Changes in inventories IncreaseDecreaseInInventories $54.00M USD 1 Quarter
Changes in inventories IncreaseDecreaseInInventories $25.00M USD 1 Quarter
Changes in accounts payable IncreaseDecreaseInAccountsPayable $-17.00M USD 1 Quarter
Changes in accounts payable IncreaseDecreaseInAccountsPayable $-68.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-41.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-11.00M USD 1 Quarter
Net Cash Operating activities NetCashProvidedByUsedInOperatingActivities $83.00M USD 1 Quarter
Net Cash Operating activities NetCashProvidedByUsedInOperatingActivities $-2.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $69.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $51.00M USD 1 Quarter
Acquisitions of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired $5.00M USD 1 Quarter
Acquisitions of businesses, net of cash acquired PaymentsToAcquireBusinessesNetOfCashAcquired - USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-3.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $3.00M USD 1 Quarter
Net Cash Investing activities NetCashProvidedByUsedInInvestingActivities $-77.00M USD 1 Quarter
Net Cash Investing activities NetCashProvidedByUsedInInvestingActivities $-48.00M USD 1 Quarter
Short-term debt issued, net ProceedsFromShortTermDebt $193.00M USD 1 Quarter
Short-term debt issued, net ProceedsFromShortTermDebt $50.00M USD 1 Quarter
Short-term debt repaid RepaymentsOfShortTermDebt - USD 1 Quarter
Short-term debt repaid RepaymentsOfShortTermDebt $3.00M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $60.00M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $39.00M USD 1 Quarter
Proceeds from exercise of employee stock options ProceedsFromStockOptionsExercised $4.00M USD 1 Quarter
Proceeds from exercise of employee stock options ProceedsFromStockOptionsExercised $5.00M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $48.00M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $44.00M USD 1 Quarter
Net Cash Financing activities NetCashProvidedByUsedInFinancingActivities $-29.00M USD 1 Quarter
Net Cash Financing activities NetCashProvidedByUsedInFinancingActivities $87.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $2.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashAndCashEquivalents $-22.00M USD 1 Quarter
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $15.00M USD 1 Quarter
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-21.00M USD 1 Quarter
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $724.00M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $296.00M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $739.00M USD Point-in-time
Cash and cash equivalents at beginning of year CashAndCashEquivalentsAtCarryingValue $275.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $724.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $296.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $739.00M USD Point-in-time
Cash and cash equivalents at end of period CashAndCashEquivalentsAtCarryingValue $275.00M USD Point-in-time
Interest InterestPaidNet $13.00M USD 1 Quarter
Interest InterestPaidNet $12.00M USD 1 Quarter
Income taxes (net of refunds received) IncomeTaxesPaidNet $18.00M USD 1 Quarter
Income taxes (net of refunds received) IncomeTaxesPaidNet $8.00M USD 1 Quarter
Comprehensive Income 24 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $38.00M USD 1 Quarter
Net income ProfitLoss $79.00M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-78.00M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $29.00M USD 1 Quarter
Unrealized loss UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax $-2.00M USD 1 Quarter
Unrealized loss UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax $-9.00M USD 1 Quarter
Amount of loss reclassified into net income ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet $2.00M USD 1 Quarter
Amount of loss reclassified into net income ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet $3.00M USD 1 Quarter
Amortization of prior service credit OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax $1.00M USD 1 Quarter
Amortization of prior service credit OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax $1.00M USD 1 Quarter
Amortization of net actuarial loss into net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax $5.00M USD 1 Quarter
Amortization of net actuarial loss into net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax $3.00M USD 1 Quarter
Other comprehensive (loss) income, before tax OtherComprehensiveIncomeLossBeforeTax $-73.00M USD 1 Quarter
Other comprehensive (loss) income, before tax OtherComprehensiveIncomeLossBeforeTax $24.00M USD 1 Quarter
Income tax expense related to items of other comprehensive (loss) income OtherComprehensiveIncomeLossTax $4.00M USD 1 Quarter
Income tax expense related to items of other comprehensive (loss) income OtherComprehensiveIncomeLossTax $14.00M USD 1 Quarter
Other comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $20.00M USD 1 Quarter
Other comprehensive (loss) income, net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-87.00M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $99.00M USD 1 Quarter
Comprehensive (loss) income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-49.00M USD 1 Quarter
Less: comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest - USD 1 Quarter
Less: comprehensive loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-1.00M USD 1 Quarter
Comprehensive (loss) income attributable to Xylem ComprehensiveIncomeNetOfTax $99.00M USD 1 Quarter
Comprehensive (loss) income attributable to Xylem ComprehensiveIncomeNetOfTax $-48.00M USD 1 Quarter

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

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