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10-Q Filing

XYLEM INC. CIK: 1524472 Q1 2021
Filing Information
Form Type 10-Q
Accession Number 0001524472-22-000017
Period End Date 20220331
Filing Date 20220504
Fiscal Year 2021
Fiscal Period Q1
XBRL Instance xyl-20220331_htm.xml
Filing Contents
Balance Sheet 70 line items
Line Item Tag Value Unit Period
Allowances for discounts, returns and credit losses AllowanceForDoubtfulAccountsReceivableCurrent $44.00M USD Point-in-time
Allowances for discounts, returns and credit losses AllowanceForDoubtfulAccountsReceivableCurrent $37.00M 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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.35B USD Point-in-time
Common Stock, shares authorized CommonStockSharesAuthorized 750.00M shares Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.12B USD Point-in-time
Receivables, less allowances for discounts, returns and credit losses of $37 and $44 in 2022 and 2021, respectively AccountsReceivableNetCurrent $1.01B USD Point-in-time
Receivables, less allowances for discounts, returns and credit losses of $37 and $44 in 2022 and 2021, respectively AccountsReceivableNetCurrent $953.00M USD Point-in-time
Common Stock, shares issued CommonStockSharesIssued 195.60M shares Point-in-time
Common Stock, shares issued CommonStockSharesIssued 195.90M shares Point-in-time
Treasury Stock, shares TreasuryStockShares 15.20M shares Point-in-time
Treasury Stock, shares TreasuryStockShares 15.80M shares Point-in-time
Inventories InventoryNet $804.00M USD Point-in-time
Inventories InventoryNet $700.00M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $158.00M USD Point-in-time
Prepaid and other current assets PrepaidExpenseAndOtherAssetsCurrent $186.00M USD Point-in-time
Total current assets AssetsCurrent $3.12B USD Point-in-time
Total current assets AssetsCurrent $3.16B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $636.00M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $644.00M USD Point-in-time
Goodwill Goodwill $2.78B USD Point-in-time
Goodwill Goodwill $2.79B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.00B USD Point-in-time
Other intangible assets, net IntangibleAssetsNetExcludingGoodwill $1.02B USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $664.00M USD Point-in-time
Other non-current assets OtherAssetsNoncurrent $681.00M USD Point-in-time
Total assets Assets $8.28B USD Point-in-time
Total assets Assets $8.22B USD Point-in-time
Accounts payable AccountsPayableCurrent $652.00M USD Point-in-time
Accounts payable AccountsPayableCurrent $639.00M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $752.00M USD Point-in-time
Accrued and other current liabilities AccruedLiabilitiesCurrent $713.00M 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 $555.00M USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.92B USD Point-in-time
Total current liabilities LiabilitiesCurrent $1.39B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.44B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $1.88B USD Point-in-time
Accrued post-retirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $432.00M USD Point-in-time
Accrued post-retirement benefits PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent $438.00M USD Point-in-time
Deferred income tax liabilities DeferredIncomeTaxLiabilitiesNet $287.00M USD Point-in-time
Deferred income tax liabilities DeferredIncomeTaxLiabilitiesNet $283.00M USD Point-in-time
Other non-current accrued liabilities OtherAccruedLiabilitiesNoncurrent $500.00M USD Point-in-time
Other non-current accrued liabilities OtherAccruedLiabilitiesNoncurrent $494.00M USD Point-in-time
Total liabilities Liabilities $5.01B USD Point-in-time
Total liabilities Liabilities $5.05B USD Point-in-time
Commitments and contingencies (Note 16) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 16) 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 $2.10B USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $2.09B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.15B USD Point-in-time
Retained earnings RetainedEarningsAccumulatedDeficit $2.18B USD Point-in-time
Treasury stock at cost 15.8 shares and 15.2 shares in 2022 and 2021, respectively TreasuryStockValue $656.00M USD Point-in-time
Treasury stock at cost 15.8 shares and 15.2 shares in 2022 and 2021, respectively TreasuryStockValue $707.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-371.00M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-377.00M USD Point-in-time
Total stockholders equity StockholdersEquity $3.22B USD Point-in-time
Total stockholders equity StockholdersEquity $3.20B USD Point-in-time
Non-controlling interests MinorityInterest $8.00M USD Point-in-time
Non-controlling interests MinorityInterest $8.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.98B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.21B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.23B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.95B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $8.22B USD Point-in-time
Total liabilities and stockholders equity LiabilitiesAndStockholdersEquity $8.28B USD Point-in-time
Income Statement 34 line items
Line Item Tag Value Unit Period
Revenues Revenues $1.27B USD 1 Quarter
Revenues Revenues $1.26B USD 1 Quarter
Cost of revenue CostOfRevenue $766.00M USD 1 Quarter
Cost of revenue CostOfRevenue $805.00M USD 1 Quarter
Gross profit GrossProfit $490.00M USD 1 Quarter
Gross profit GrossProfit $467.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $304.00M USD 1 Quarter
Selling, general and administrative expenses SellingGeneralAndAdministrativeExpense $301.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $52.00M USD 1 Quarter
Research and development expenses ResearchAndDevelopmentExpense $50.00M USD 1 Quarter
Restructuring and asset impairment charges RestructuringAndAssetImpairmentLosses $6.00M USD 1 Quarter
Restructuring and asset impairment charges RestructuringAndAssetImpairmentLosses - USD 1 Quarter
Operating income OperatingIncomeLoss $133.00M USD 1 Quarter
Operating income OperatingIncomeLoss $111.00M USD 1 Quarter
Interest expense InterestExpense $21.00M USD 1 Quarter
Interest expense InterestExpense $13.00M USD 1 Quarter
Other non-operating (expense) income, net OtherNonoperatingIncomeExpense $2.00M USD 1 Quarter
Other non-operating (expense) income, net OtherNonoperatingIncomeExpense $-1.00M USD 1 Quarter
Gain from sale of business GainLossOnSaleOfBusiness - USD 1 Quarter
Gain from sale of business GainLossOnSaleOfBusiness $1.00M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $98.00M USD 1 Quarter
Income before taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $114.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $27.00M USD 1 Quarter
Income tax expense IncomeTaxExpenseBenefit $16.00M USD 1 Quarter
Net income ProfitLoss $87.00M USD 1 Quarter
Net income ProfitLoss $82.00M USD 1 Quarter
Basic (usd per share) EarningsPerShareBasic $0.45 USD 1 Quarter
Basic (usd per share) EarningsPerShareBasic $0.49 USD 1 Quarter
Diluted (usd per share) EarningsPerShareDiluted $0.45 USD 1 Quarter
Diluted (usd per share) EarningsPerShareDiluted $0.48 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 180.23M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 180.27M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 181.02M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 181.47M shares 1 Quarter
Cash Flow Statement 66 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $87.00M USD 1 Quarter
Net income ProfitLoss $82.00M USD 1 Quarter
Depreciation Depreciation $30.00M USD 1 Quarter
Depreciation Depreciation $28.00M USD 1 Quarter
Amortization AdjustmentForAmortization $30.00M USD 1 Quarter
Amortization AdjustmentForAmortization $32.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $9.00M USD 1 Quarter
Share-based compensation ShareBasedCompensation $9.00M USD 1 Quarter
Restructuring and asset impairment charges RestructuringCostsAndAssetImpairmentCharges $6.00M USD 1 Quarter
Restructuring and asset impairment charges RestructuringCostsAndAssetImpairmentCharges - USD 1 Quarter
Gain from sale of business GainLossOnSaleOfBusiness - USD 1 Quarter
Gain from sale of business GainLossOnSaleOfBusiness $1.00M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-3.00M USD 1 Quarter
Other, net OtherNoncashIncomeExpense $-2.00M USD 1 Quarter
Payments for restructuring PaymentsForRestructuring $3.00M USD 1 Quarter
Payments for restructuring PaymentsForRestructuring $12.00M USD 1 Quarter
Changes in receivables IncreaseDecreaseInReceivables $42.00M USD 1 Quarter
Changes in receivables IncreaseDecreaseInReceivables $64.00M USD 1 Quarter
Changes in inventories IncreaseDecreaseInInventories $106.00M USD 1 Quarter
Changes in inventories IncreaseDecreaseInInventories $46.00M USD 1 Quarter
Changes in accounts payable IncreaseDecreaseInAccountsPayable $-29.00M USD 1 Quarter
Changes in accounts payable IncreaseDecreaseInAccountsPayable $20.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-79.00M USD 1 Quarter
Other, net OtherOperatingActivitiesCashFlowStatement $-63.00M USD 1 Quarter
Net Cash Operating activities NetCashProvidedByUsedInOperatingActivities $-26.00M USD 1 Quarter
Net Cash Operating activities NetCashProvidedByUsedInOperatingActivities $-81.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $49.00M USD 1 Quarter
Capital expenditures PaymentsToAcquireProductiveAssets $39.00M USD 1 Quarter
Proceeds from sale of business ProceedsFromDivestitureOfBusinessesNetOfCashDivested $1.00M USD 1 Quarter
Proceeds from sale of business ProceedsFromDivestitureOfBusinessesNetOfCashDivested - USD 1 Quarter
Proceeds from the sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.00M USD 1 Quarter
Proceeds from the sale of property, plant and equipment ProceedsFromSaleOfPropertyPlantAndEquipment $1.00M USD 1 Quarter
Cash received from investments ProceedsFromSaleMaturityAndCollectionsOfInvestments $4.00M USD 1 Quarter
Cash received from investments ProceedsFromSaleMaturityAndCollectionsOfInvestments - USD 1 Quarter
Cash paid for investments PaymentsToAcquireInvestments - USD 1 Quarter
Cash paid for investments PaymentsToAcquireInvestments $6.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-7.00M USD 1 Quarter
Other, net PaymentsForProceedsFromOtherInvestingActivities $-6.00M USD 1 Quarter
Net Cash Investing activities NetCashProvidedByUsedInInvestingActivities $-43.00M USD 1 Quarter
Net Cash Investing activities NetCashProvidedByUsedInInvestingActivities $-31.00M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $51.00M USD 1 Quarter
Repurchase of common stock PaymentsForRepurchaseOfCommonStock $67.00M USD 1 Quarter
Proceeds from exercise of employee stock options ProceedsFromStockOptionsExercised $1.00M USD 1 Quarter
Proceeds from exercise of employee stock options ProceedsFromStockOptionsExercised $3.00M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $55.00M USD 1 Quarter
Dividends paid PaymentsOfDividendsCommonStock $51.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities $-1.00M USD 1 Quarter
Other, net ProceedsFromPaymentsForOtherFinancingActivities - USD 1 Quarter
Net Cash Financing activities NetCashProvidedByUsedInFinancingActivities $-106.00M USD 1 Quarter
Net Cash Financing activities NetCashProvidedByUsedInFinancingActivities $-115.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-2.00M USD 1 Quarter
Effect of exchange rate changes on cash EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-15.00M USD 1 Quarter
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-232.00M USD 1 Quarter
Net change in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-187.00M USD 1 Quarter
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.35B USD Point-in-time
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.12B USD Point-in-time
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.88B USD Point-in-time
Cash and cash equivalents at beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.69B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.35B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.12B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.88B USD Point-in-time
Cash and cash equivalents at end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $1.69B USD Point-in-time
Interest InterestPaidNet $23.00M USD 1 Quarter
Interest InterestPaidNet $41.00M USD 1 Quarter
Income taxes (net of refunds received) IncomeTaxesPaidNet $28.00M USD 1 Quarter
Income taxes (net of refunds received) IncomeTaxesPaidNet $15.00M USD 1 Quarter
Comprehensive Income 20 line items
Line Item Tag Value Unit Period
Net income ProfitLoss $87.00M USD 1 Quarter
Net income ProfitLoss $82.00M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $-3.00M USD 1 Quarter
Foreign currency translation adjustment OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax $10.00M USD 1 Quarter
Unrealized gain (loss) UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax $-11.00M USD 1 Quarter
Unrealized gain (loss) UnrealizedGainLossOnForeignCurrencyDerivativesNetBeforeTax $-6.00M USD 1 Quarter
Amount of loss (gain) reclassified into net income ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet $2.00M USD 1 Quarter
Amount of loss (gain) reclassified into net income ForeignCurrencyCashFlowHedgeGainLossReclassifiedToEarningsNet $-3.00M USD 1 Quarter
Amortization of prior service credit OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax - USD 1 Quarter
Amortization of prior service credit OtherComprehensiveIncomeDefinedBenefitPlanNetPriorServiceCostCreditArisingDuringPeriodBeforeTax $1.00M USD 1 Quarter
Amortization of net actuarial loss into net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax $4.00M USD 1 Quarter
Amortization of net actuarial loss into net income OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax $6.00M USD 1 Quarter
Other comprehensive income (loss), before tax OtherComprehensiveIncomeLossBeforeTax $1.00M USD 1 Quarter
Other comprehensive income (loss), before tax OtherComprehensiveIncomeLossBeforeTax $-3.00M USD 1 Quarter
Income tax expense (benefit) related to items of other comprehensive income (loss) OtherComprehensiveIncomeLossTax $3.00M USD 1 Quarter
Income tax expense (benefit) related to items of other comprehensive income (loss) OtherComprehensiveIncomeLossTax $14.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-6.00M USD 1 Quarter
Other comprehensive income (loss), net of tax OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent $-13.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $74.00M USD 1 Quarter
Comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $76.00M USD 1 Quarter

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

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