10-Q Filing

AMPHENOL CORP /DE/ CIK: 820313 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001558370-21-005338`
Period End Date	20210331
Filing Date	20210430
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	aph-20210331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 32 Cash Flow Statement 66 Comprehensive Income 18

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$43.30M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$44.80M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.74B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.77B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$2.33B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.70B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$36.10M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$33.60M	USD	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$2.36B	USD	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$1.74B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $43.3 and $44.8, respectively	`AccountsReceivableNetCurrent`	$1.95B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $43.3 and $44.8, respectively	`AccountsReceivableNetCurrent`	$1.93B	USD	Point-in-time
Inventories	`InventoryNet`	$1.46B	USD	Point-in-time
Inventories	`InventoryNet`	$1.57B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$328.60M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$338.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.19B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.49B	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $1,767.5 and $1,738.6, respectively	`PropertyPlantAndEquipmentNet`	$1.05B	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $1,767.5 and $1,738.6, respectively	`PropertyPlantAndEquipmentNet`	$1.08B	USD	Point-in-time
Goodwill	`Goodwill`	$5.03B	USD	Point-in-time
Goodwill	`Goodwill`	$5.09B	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$397.50M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$410.30M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$352.30M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$367.30M	USD	Point-in-time
Total assets	`Assets`	$13.13B	USD	Point-in-time
Total assets	`Assets`	$12.33B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.07B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.12B	USD	Point-in-time
Accrued salaries, wages and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$195.40M	USD	Point-in-time
Accrued salaries, wages and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$191.90M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$129.40M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$112.60M	USD	Point-in-time
Accrued dividends	`DividendsPayableCurrent`	$86.60M	USD	Point-in-time
Accrued dividends	`DividendsPayableCurrent`	$86.80M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$542.90M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$558.50M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$526.40M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$230.30M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.30B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.55B	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$4.11B	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$3.64B	USD	Point-in-time
Accrued pension and postretirement benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$224.80M	USD	Point-in-time
Accrued pension and postretirement benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$228.60M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$299.10M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$314.80M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$407.20M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$414.00M	USD	Point-in-time
Common stock	`CommonStockValue`	$600.00K	USD	Point-in-time
Common stock	`CommonStockValue`	$600.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.07B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.11B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.71B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$3.81B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockCommonValue`	$117.40M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockCommonValue`	$111.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-278.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-335.00M	USD	Point-in-time
Total shareholders' equity attributable to Amphenol Corporation	`StockholdersEquity`	$5.38B	USD	Point-in-time
Total shareholders' equity attributable to Amphenol Corporation	`StockholdersEquity`	$5.46B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$67.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$60.70M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.52B	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`	$5.45B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$12.33B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$13.13B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$1.86B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.38B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.30B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.65B	USD	1 Quarter
Gross profit	`GrossProfit`	$559.80M	USD	1 Quarter
Gross profit	`GrossProfit`	$727.50M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$242.90M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$262.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$464.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$316.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$28.60M	USD	1 Quarter
Interest expense	`InterestExpense`	$28.80M	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$-300.00K	USD	1 Quarter
Other (expense) income, net	`OtherNonoperatingIncomeExpense`	$1.10M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$435.90M	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`	$104.10M	USD	1 Quarter
Net income	`ProfitLoss`	$331.80M	USD	1 Quarter
Net income	`ProfitLoss`	$243.20M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.10M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.20M	USD	1 Quarter
Net income attributable to Amphenol Corporation	`NetIncomeLoss`	$329.60M	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`	$0.55	USD	1 Quarter
Net income per common share - Basic (in dollars per share)	`EarningsPerShareBasic`	$0.41	USD	1 Quarter
Weighted average common shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	594.90M	shares	1 Quarter
Weighted average common shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	598.50M	shares	1 Quarter
Net income per common share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.53	USD	1 Quarter
Net income per common share - Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.40	USD	1 Quarter
Weighted average common shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	624.10M	shares	1 Quarter
Weighted average common shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	612.90M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$331.80M	USD	1 Quarter
Net income	`ProfitLoss`	$243.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$76.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$72.10M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$19.10M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$15.40M	USD	1 Quarter
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$14.20M	USD	1 Quarter
Deferred income tax (benefit) provision	`DeferredIncomeTaxExpenseBenefit`	$13.40M	USD	1 Quarter
Net change in components of working capital	`IncreaseDecreaseInComponentsOfWorkingCapital`	$-43.80M	USD	1 Quarter
Net change in components of working capital	`IncreaseDecreaseInComponentsOfWorkingCapital`	$114.60M	USD	1 Quarter
Net change in other long-term assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$3.60M	USD	1 Quarter
Net change in other long-term assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$6.20M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$384.30M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$321.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$60.80M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$78.40M	USD	1 Quarter
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$900.00K	USD	1 Quarter
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.20M	USD	1 Quarter
Purchases of short-term investments	`PaymentsToAcquireShortTermInvestments`	$46.20M	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`	$48.50M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$185.60M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$16.50M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$2.40M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-70.40M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-263.20M	USD	1 Quarter
Proceeds from issuance of senior notes and other long-term debt	`ProceedsFromIssuanceOfSeniorLongTermDebtAndOtherDebt`	$399.30M	USD	1 Quarter
Proceeds from issuance of senior notes and other long-term debt	`ProceedsFromIssuanceOfSeniorLongTermDebtAndOtherDebt`	$1.20M	USD	1 Quarter
Repayments of senior notes and other long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$300.00K	USD	1 Quarter
Repayments of senior notes and other long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$800.00K	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`	$-250.40M	USD	1 Quarter
(Repayments) borrowings under commercial paper programs, net	`ProceedsFromRepaymentsOfCommercialPaper`	$811.90M	USD	1 Quarter
Payment of costs related to debt financing	`PaymentsOfFinancingCosts`	$3.90M	USD	1 Quarter
Payment of costs related to debt financing	`PaymentsOfFinancingCosts`	-	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$30.00M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$21.10M	USD	1 Quarter
Distributions to and purchases of noncontrolling interests	`PaymentsToNoncontrollingInterestsIncludingDividends`	$7.60M	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`	$152.80M	USD	1 Quarter
Dividend payments	`PaymentsOfDividendsCommonStock`	$86.80M	USD	1 Quarter
Dividend payments	`PaymentsOfDividendsCommonStock`	$74.40M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$586.20M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$1.19B	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-18.40M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-20.20M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$625.60M	USD	1 Quarter
Net change in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.48B	USD	1 Quarter
Cash and cash equivalents balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$891.20M	USD	Point-in-time
Cash and cash equivalents balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.70B	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`	$2.33B	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$891.20M	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.70B	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`	$2.33B	USD	Point-in-time
Interest	`InterestPaidNet`	$28.10M	USD	1 Quarter
Interest	`InterestPaidNet`	$22.00M	USD	1 Quarter
Income taxes, net	`IncomeTaxesPaidNet`	$75.20M	USD	1 Quarter
Income taxes, net	`IncomeTaxesPaidNet`	$64.20M	USD	1 Quarter

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Pension and postretirement benefit plan adjustment, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-1.60M	USD	1 Quarter
Net income	`ProfitLoss`	$331.80M	USD	1 Quarter
Net income	`ProfitLoss`	$243.20M	USD	1 Quarter
Pension and postretirement benefit plan adjustment, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-1.70M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-62.30M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-100.70M	USD	1 Quarter
Unrealized (loss) gain on hedging activities	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$100.00K	USD	1 Quarter
Unrealized (loss) gain on hedging activities	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$200.00K	USD	1 Quarter
Pension and postretirement benefit plan adjustment, net of tax of ($1.6) and ($1.7), respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-5.20M	USD	1 Quarter
Pension and postretirement benefit plan adjustment, net of tax of ($1.6) and ($1.7), respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-5.10M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-95.30M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-57.10M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$274.70M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$147.90M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.00M	USD	1 Quarter
Comprehensive income attributable to Amphenol Corporation	`ComprehensiveIncomeNetOfTax`	$147.90M	USD	1 Quarter
Comprehensive income attributable to Amphenol Corporation	`ComprehensiveIncomeNetOfTax`	$272.70M	USD	1 Quarter

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