10-Q Filing

AMPHENOL CORP /DE/ CIK: 820313 Q1 2020

Filing Information

Form Type	10-Q
Accession Number	`0001558370-20-004300`
Period End Date	20200331
Filing Date	20200424
Fiscal Year	2020
Fiscal Period	Q1
XBRL Instance	aph-20200424x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 34 Cash Flow Statement 65 Comprehensive Income 18

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$33.60M	USD	Point-in-time
Accounts receivable, allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$38.80M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.49B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.52B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.37B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$891.20M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$17.40M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$11.30M	USD	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$908.60M	USD	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$2.38B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $38.8 and $33.6, respectively	`AccountsReceivableNetCurrent`	$1.74B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $38.8 and $33.6, respectively	`AccountsReceivableNetCurrent`	$1.54B	USD	Point-in-time
Inventories	`InventoryNet`	$1.31B	USD	Point-in-time
Inventories	`InventoryNet`	$1.32B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$256.10M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$268.40M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$4.21B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.52B	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $1,517.7 and $1,487.2, respectively	`PropertyPlantAndEquipmentNet`	$999.00M	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $1,517.7 and $1,487.2, respectively	`PropertyPlantAndEquipmentNet`	$982.40M	USD	Point-in-time
Goodwill	`Goodwill`	$4.85B	USD	Point-in-time
Goodwill	`Goodwill`	$4.87B	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$428.20M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$442.00M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$303.40M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$296.20M	USD	Point-in-time
Total assets	`Assets`	$12.08B	USD	Point-in-time
Total assets	`Assets`	$10.82B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$866.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$817.20M	USD	Point-in-time
Accrued salaries, wages and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$160.30M	USD	Point-in-time
Accrued salaries, wages and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$171.80M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$127.90M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$119.40M	USD	Point-in-time
Accrued dividends	`DividendsPayableCurrent`	$74.40M	USD	Point-in-time
Accrued dividends	`DividendsPayableCurrent`	$74.00M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$498.40M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$488.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$403.30M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$500.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.13B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.17B	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$4.59B	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$3.20B	USD	Point-in-time
Accrued pension and postretirement benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$198.80M	USD	Point-in-time
Accrued pension and postretirement benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$187.90M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$271.40M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$260.40M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$424.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$411.00M	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`	$1.72B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$1.68B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.25B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.35B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockCommonValue`	$58.50M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockCommonValue`	$70.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-525.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-430.90M	USD	Point-in-time
Total shareholders' equity attributable to Amphenol Corporation	`StockholdersEquity`	$4.39B	USD	Point-in-time
Total shareholders' equity attributable to Amphenol Corporation	`StockholdersEquity`	$4.53B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$59.90M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$65.90M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.45B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.60B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.17B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$4.06B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$12.08B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$10.82B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.86B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.96B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.33B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.30B	USD	1 Quarter
Gross profit	`GrossProfit`	$559.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$627.80M	USD	1 Quarter
Acquisition-related expenses	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
Acquisition-related expenses	`BusinessCombinationAcquisitionRelatedCosts`	$16.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$242.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$235.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$316.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$376.20M	USD	1 Quarter
Interest expense	`InterestExpense`	$29.70M	USD	1 Quarter
Interest expense	`InterestExpense`	$28.80M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$1.10M	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`	$289.20M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$46.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$79.60M	USD	1 Quarter
Net income	`ProfitLoss`	$243.20M	USD	1 Quarter
Net income	`ProfitLoss`	$269.90M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.40M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.10M	USD	1 Quarter
Net income attributable to Amphenol Corporation	`NetIncomeLoss`	$267.50M	USD	1 Quarter
Net income attributable to Amphenol Corporation	`NetIncomeLoss`	$242.10M	USD	1 Quarter
Net income per common share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.81	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`	297.40M	shares	1 Quarter
Weighted average common shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	298.10M	shares	1 Quarter
Net income per common share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.87	USD	1 Quarter
Net income per common share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.79	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`	306.50M	shares	1 Quarter

Cash Flow Statement 65 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$243.20M	USD	1 Quarter
Net income	`ProfitLoss`	$269.90M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$72.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$85.60M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$15.40M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$14.40M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$-700.00K	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$13.40M	USD	1 Quarter
Net change in components of working capital	`IncreaseDecreaseInComponentsOfWorkingCapital`	$22.70M	USD	1 Quarter
Net change in components of working capital	`IncreaseDecreaseInComponentsOfWorkingCapital`	$-43.80M	USD	1 Quarter
Net change in other long-term assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$2.90M	USD	1 Quarter
Net change in other long-term assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$3.60M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$384.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$343.60M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$60.80M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$74.50M	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`	$1.20M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$23.10M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$12.00M	USD	1 Quarter
Sales and maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$17.70M	USD	1 Quarter
Sales and maturities of short-term investments	`ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments`	$17.50M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$937.40M	USD	Annual
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$399.30M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$16.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-475.10M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.40M	USD	1 Quarter
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$499.50M	USD	1 Quarter
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfSeniorLongTermDebt`	$399.30M	USD	1 Quarter
Repayments of senior notes and other long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$757.20M	USD	1 Quarter
Repayments of senior notes and other long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$300.00K	USD	1 Quarter
Borrowings under credit facilities	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Borrowings under credit facilities	`ProceedsFromLinesOfCredit`	$1.57B	USD	1 Quarter
Repayments under credit facilities	`RepaymentsOfLinesOfCredit`	$215.00M	USD	1 Quarter
Repayments under credit facilities	`RepaymentsOfLinesOfCredit`	-	USD	1 Quarter
(Repayments) borrowings under commercial paper programs, net	`ProceedsFromRepaymentsOfCommercialPaper`	$267.40M	USD	1 Quarter
(Repayments) borrowings under commercial paper programs, net	`ProceedsFromRepaymentsOfCommercialPaper`	$-250.40M	USD	1 Quarter
Payment of costs related to debt financing	`PaymentsOfFinancingCosts`	$3.90M	USD	1 Quarter
Payment of costs related to debt financing	`PaymentsOfFinancingCosts`	$6.90M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$47.50M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$30.00M	USD	1 Quarter
Distributions to and purchases of noncontrolling interests	`PaymentsToNoncontrollingInterestsIncludingDividends`	$3.20M	USD	1 Quarter
Distributions to and purchases of noncontrolling interests	`PaymentsToNoncontrollingInterestsIncludingDividends`	$8.10M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$257.20M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$160.00M	USD	1 Quarter
Dividend payments	`PaymentsOfDividendsCommonStock`	$74.40M	USD	1 Quarter
Dividend payments	`PaymentsOfDividendsCommonStock`	$68.70M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.19B	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-181.60M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-20.20M	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`	$1.48B	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-309.60M	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`	$969.70M	USD	Point-in-time
Cash and cash equivalents balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.37B	USD	Point-in-time
Cash and cash equivalents balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$891.20M	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`	$969.70M	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.37B	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$891.20M	USD	Point-in-time
Interest	`InterestPaidNet`	$22.00M	USD	1 Quarter
Interest	`InterestPaidNet`	$31.60M	USD	1 Quarter
Income taxes, net	`IncomeTaxesPaidNet`	$64.20M	USD	1 Quarter
Income taxes, net	`IncomeTaxesPaidNet`	$104.00M	USD	1 Quarter

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Pension and postretirement benefit plan adjustment, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-1.70M	USD	1 Quarter
Net income	`ProfitLoss`	$243.20M	USD	1 Quarter
Pension and postretirement benefit plan adjustment, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-1.20M	USD	1 Quarter
Net income	`ProfitLoss`	$269.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-100.70M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$2.70M	USD	1 Quarter
Unrealized gain (loss) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$-200.00K	USD	1 Quarter
Unrealized gain (loss) on cash flow hedges	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$200.00K	USD	1 Quarter
Pension and postretirement benefit plan adjustment, net of tax of ($1.7) and ($1.2), respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.80M	USD	1 Quarter
Pension and postretirement benefit plan adjustment, net of tax of ($1.7) and ($1.2), respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-5.20M	USD	1 Quarter
Total other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-95.30M	USD	1 Quarter
Total other comprehensive (loss) income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$6.30M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$276.20M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$147.90M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.30M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Comprehensive income attributable to Amphenol Corporation	`ComprehensiveIncomeNetOfTax`	$272.90M	USD	1 Quarter
Comprehensive income attributable to Amphenol Corporation	`ComprehensiveIncomeNetOfTax`	$147.90M	USD	1 Quarter

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