10-Q Filing

AMPHENOL CORP /DE/ CIK: 820313 Q1 2019

Filing Information

Form Type	10-Q
Accession Number	`0001558370-19-003426`
Period End Date	20190331
Filing Date	20190426
Fiscal Year	2019
Fiscal Period	Q1
XBRL Instance	aph-20190331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 33 Cash Flow Statement 59 Comprehensive Income 18

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$33.10M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$33.50M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.31B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.37B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$969.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.28B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$17.90M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$12.40M	USD	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$987.60M	USD	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$1.29B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $33.1 and $33.5, respectively	`AccountsReceivableNetCurrent`	$1.79B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $33.1 and $33.5, respectively	`AccountsReceivableNetCurrent`	$1.66B	USD	Point-in-time
Inventories	`InventoryNet`	$1.22B	USD	Point-in-time
Inventories	`InventoryNet`	$1.23B	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$253.60M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$254.30M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.13B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.57B	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $1,369.0 and $1,314.8, respectively	`PropertyPlantAndEquipmentNet`	$875.80M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $1,369.0 and $1,314.8, respectively	`PropertyPlantAndEquipmentNet`	$932.00M	USD	Point-in-time
Goodwill	`Goodwill`	$4.10B	USD	Point-in-time
Goodwill	`Goodwill`	$4.44B	USD	Point-in-time
Intangibles, net and other long-term assets	`IntangiblesAndOtherLongTermAssets`	$494.30M	USD	Point-in-time
Intangibles, net and other long-term assets	`IntangiblesAndOtherLongTermAssets`	$708.70M	USD	Point-in-time
Total assets	`Assets`	$10.04B	USD	Point-in-time
Total assets	`Assets`	$10.21B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$890.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$797.10M	USD	Point-in-time
Accrued salaries, wages and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$157.20M	USD	Point-in-time
Accrued salaries, wages and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$151.00M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$177.70M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$203.50M	USD	Point-in-time
Accrued dividends	`DividendsPayableCurrent`	$68.70M	USD	Point-in-time
Accrued dividends	`DividendsPayableCurrent`	$68.50M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$367.10M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$448.90M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$6.00M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$764.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.45B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.65B	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$2.81B	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$3.55B	USD	Point-in-time
Accrued pension and postretirement benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$190.20M	USD	Point-in-time
Accrued pension and postretirement benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$186.10M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$255.60M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$255.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$391.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$277.20M	USD	Point-in-time
Common stock	`CommonStockValue`	$300.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$300.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.49B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.43B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.03B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.14B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockCommonValue`	$119.70M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockCommonValue`	$55.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-384.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-390.20M	USD	Point-in-time
Total shareholders equity attributable to Amphenol Corporation	`StockholdersEquity`	$4.12B	USD	Point-in-time
Total shareholders equity attributable to Amphenol Corporation	`StockholdersEquity`	$4.02B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$47.30M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$47.20M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.04B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.06B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.17B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$3.97B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$10.04B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$10.21B	USD	Point-in-time

Income Statement 33 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.87B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.96B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.33B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.26B	USD	1 Quarter
Gross profit	`GrossProfit`	$606.90M	USD	1 Quarter
Gross profit	`GrossProfit`	$627.80M	USD	1 Quarter
Acquisition-related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$16.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$230.00M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$235.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$376.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$376.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$29.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$24.50M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.30M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$3.00M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$349.50M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$354.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$86.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$79.60M	USD	1 Quarter
Net income	`ProfitLoss`	$269.90M	USD	1 Quarter
Net income	`ProfitLoss`	$268.30M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.40M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.70M	USD	1 Quarter
Net income attributable to Amphenol Corporation	`NetIncomeLoss`	$267.50M	USD	1 Quarter
Net income attributable to Amphenol Corporation	`NetIncomeLoss`	$265.60M	USD	1 Quarter
Net income per common share Basic (in dollars per share)	`EarningsPerShareBasic`	$0.87	USD	1 Quarter
Net income per common share Basic (in dollars per share)	`EarningsPerShareBasic`	$0.90	USD	1 Quarter
Weighted average common shares outstanding Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	298.10M	shares	1 Quarter
Weighted average common shares outstanding Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	303.70M	shares	1 Quarter
Net income per common share Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.84	USD	1 Quarter
Net income per common share Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.87	USD	1 Quarter
Weighted average common shares outstanding Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	308.60M	shares	1 Quarter
Weighted average common shares outstanding Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	316.00M	shares	1 Quarter

Cash Flow Statement 59 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$269.90M	USD	1 Quarter
Net income	`ProfitLoss`	$268.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$85.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$60.50M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$12.70M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$14.40M	USD	1 Quarter
Deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$-700.00K	USD	1 Quarter
Deferred income tax (benefit) expense	`DeferredIncomeTaxExpenseBenefit`	$-200.00K	USD	1 Quarter
Net change in components of working capital	`IncreaseDecreaseInComponentsOfWorkingCapital`	$133.30M	USD	1 Quarter
Net change in components of working capital	`IncreaseDecreaseInComponentsOfWorkingCapital`	$22.70M	USD	1 Quarter
Net change in accrued pension and postretirement benefits	`IncreaseDecreaseInPensionAndPostretirementObligations`	$1.50M	USD	1 Quarter
Net change in accrued pension and postretirement benefits	`IncreaseDecreaseInPensionAndPostretirementObligations`	$-79.00M	USD	1 Quarter
Net change in other long-term assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$4.40M	USD	1 Quarter
Net change in other long-term assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$-1.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$343.60M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$130.20M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$74.50M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$54.90M	USD	1 Quarter
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$4.30M	USD	1 Quarter
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$800.00K	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$6.80M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$23.10M	USD	1 Quarter
Sales and maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$17.50M	USD	1 Quarter
Sales and maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$18.10M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$99.50M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$399.30M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-475.10M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-142.30M	USD	1 Quarter
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$499.50M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$757.20M	USD	1 Quarter
Borrowings (repayments) under commercial paper programs, net	`ProceedsFromRepaymentsOfCommercialPaper`	$267.40M	USD	1 Quarter
Borrowings (repayments) under commercial paper programs, net	`ProceedsFromRepaymentsOfCommercialPaper`	$-304.80M	USD	1 Quarter
Payment of costs related to debt financing	`PaymentsOfFinancingCosts`	$6.90M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$20.60M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$47.50M	USD	1 Quarter
Distributions to shareholders of noncontrolling interests	`PaymentsToNoncontrollingInterestsIncludingDividends`	$3.90M	USD	1 Quarter
Distributions to shareholders of noncontrolling interests	`PaymentsToNoncontrollingInterestsIncludingDividends`	$3.20M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$382.00M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$160.00M	USD	1 Quarter
Dividend payments	`PaymentsOfDividendsCommonStock`	$58.10M	USD	1 Quarter
Dividend payments	`PaymentsOfDividendsCommonStock`	$68.70M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-728.20M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-181.60M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$21.40M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$3.50M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-309.60M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-718.90M	USD	1 Quarter
Cash and cash equivalents balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28B	USD	Point-in-time
Cash and cash equivalents balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.00B	USD	Point-in-time
Cash and cash equivalents balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$969.70M	USD	Point-in-time
Cash and cash equivalents balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.72B	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.28B	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.00B	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$969.70M	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.72B	USD	Point-in-time
Interest	`InterestPaidNet`	$31.60M	USD	1 Quarter
Interest	`InterestPaidNet`	$41.00M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$75.90M	USD	1 Quarter
Income taxes	`IncomeTaxesPaidNet`	$104.00M	USD	1 Quarter

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$269.90M	USD	1 Quarter
Defined benefit plan adjustment, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-1.20M	USD	1 Quarter
Defined benefit plan adjustment, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-1.60M	USD	1 Quarter
Net income	`ProfitLoss`	$268.30M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.70M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$58.70M	USD	1 Quarter
Unrealized gain (loss) on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-200.00K	USD	1 Quarter
Unrealized gain (loss) on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-900.00K	USD	1 Quarter
Defined benefit plan adjustment, net of tax of ($1.2) and ($1.6), respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.80M	USD	1 Quarter
Defined benefit plan adjustment, net of tax of ($1.2) and ($1.6), respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-5.00M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$6.30M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$62.80M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$276.20M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$331.10M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$4.20M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.30M	USD	1 Quarter
Comprehensive income attributable to Amphenol Corporation	`ComprehensiveIncomeNetOfTax`	$326.90M	USD	1 Quarter
Comprehensive income attributable to Amphenol Corporation	`ComprehensiveIncomeNetOfTax`	$272.90M	USD	1 Quarter

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