10-Q Filing

AMPHENOL CORP /DE/ CIK: 820313 Q1 2022

Filing Information

Form Type	10-Q
Accession Number	`0001558370-22-006502`
Period End Date	20220331
Filing Date	20220429
Fiscal Year	2022
Fiscal Period	Q1
XBRL Instance	aph-20220331x10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 32 Cash Flow Statement 63 Comprehensive Income 18

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$43.50M	USD	Point-in-time
Allowance for doubtful accounts	`AllowanceForDoubtfulAccountsReceivableCurrent`	$47.20M	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$1.96B	USD	Point-in-time
Accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$2.01B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.25B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.20B	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$44.30M	USD	Point-in-time
Short-term investments	`ShortTermInvestments`	$52.10M	USD	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$1.30B	USD	Point-in-time
Total cash, cash equivalents and short-term investments	`CashCashEquivalentsAndShortTermInvestments`	$1.24B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $47.2 and $43.5, respectively	`AccountsReceivableNetCurrent`	$2.45B	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $47.2 and $43.5, respectively	`AccountsReceivableNetCurrent`	$2.42B	USD	Point-in-time
Inventories	`InventoryNet`	$1.99B	USD	Point-in-time
Inventories	`InventoryNet`	$1.89B	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$397.30M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$367.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$5.96B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$6.11B	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $2,007.3 and $1,961.6, respectively	`PropertyPlantAndEquipmentNet`	$1.18B	USD	Point-in-time
Property, plant and equipment, less accumulated depreciation of $2,007.3 and $1,961.6, respectively	`PropertyPlantAndEquipmentNet`	$1.18B	USD	Point-in-time
Goodwill	`Goodwill`	$6.38B	USD	Point-in-time
Goodwill	`Goodwill`	$6.35B	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$756.90M	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$738.40M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$411.20M	USD	Point-in-time
Other long-term assets	`OtherAssetsNoncurrent`	$502.40M	USD	Point-in-time
Total assets	`Assets`	$14.87B	USD	Point-in-time
Total assets	`Assets`	$14.68B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.31B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$1.28B	USD	Point-in-time
Accrued salaries, wages and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$366.20M	USD	Point-in-time
Accrued salaries, wages and employee benefits	`EmployeeRelatedLiabilitiesCurrent`	$272.30M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$88.80M	USD	Point-in-time
Accrued income taxes	`AccruedIncomeTaxesCurrent`	$116.60M	USD	Point-in-time
Accrued dividends	`DividendsPayableCurrent`	$119.80M	USD	Point-in-time
Accrued dividends	`DividendsPayableCurrent`	$119.50M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$556.30M	USD	Point-in-time
Other accrued expenses	`OtherLiabilitiesCurrent`	$589.20M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$23.70M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$4.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.40B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$2.45B	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$4.80B	USD	Point-in-time
Long-term debt, less current portion	`LongTermDebtAndCapitalLeaseObligations`	$4.91B	USD	Point-in-time
Accrued pension and postretirement benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$193.40M	USD	Point-in-time
Accrued pension and postretirement benefit obligations	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$187.80M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$424.20M	USD	Point-in-time
Deferred income taxes	`DeferredIncomeTaxLiabilitiesNet`	$421.70M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$454.60M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$438.70M	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.37B	USD	Point-in-time
Total Liabilities	`Liabilities`	$8.30B	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$19.00M	USD	Point-in-time
Redeemable noncontrolling interest	`RedeemableNoncontrollingInterestEquityCarryingAmount`	$19.50M	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`	$2.41B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.44B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.28B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$4.39B	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockCommonValue`	$100.00M	USD	Point-in-time
Treasury stock, at cost	`TreasuryStockCommonValue`	$101.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-286.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-303.50M	USD	Point-in-time
Total stockholders' equity attributable to Amphenol Corporation	`StockholdersEquity`	$6.43B	USD	Point-in-time
Total stockholders' equity attributable to Amphenol Corporation	`StockholdersEquity`	$6.30B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$58.10M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$57.90M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.36B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.52B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$6.48B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$5.45B	USD	Point-in-time
Total Liabilities, Redeemable Noncontrolling Interest and Equity	`LiabilitiesAndStockholdersEquity`	$14.68B	USD	Point-in-time
Total Liabilities, Redeemable Noncontrolling Interest and Equity	`LiabilitiesAndStockholdersEquity`	$14.87B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.38B	USD	1 Quarter
Net sales	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.95B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$2.03B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$1.65B	USD	1 Quarter
Gross profit	`GrossProfit`	$727.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$926.60M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$262.70M	USD	1 Quarter
Selling, general and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$336.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$589.80M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$464.80M	USD	1 Quarter
Interest expense	`InterestExpense`	$28.60M	USD	1 Quarter
Interest expense	`InterestExpense`	$28.10M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.70M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-300.00K	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$563.40M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$435.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$104.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$134.20M	USD	1 Quarter
Net income	`ProfitLoss`	$331.80M	USD	1 Quarter
Net income	`ProfitLoss`	$429.20M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$2.20M	USD	1 Quarter
Less: Net income attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$3.50M	USD	1 Quarter
Net income attributable to Amphenol Corporation	`NetIncomeLoss`	$425.70M	USD	1 Quarter
Net income attributable to Amphenol Corporation	`NetIncomeLoss`	$329.60M	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`	$0.71	USD	1 Quarter
Weighted average common shares outstanding - Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	598.30M	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`	$0.68	USD	1 Quarter
Weighted average common shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	625.60M	shares	1 Quarter
Weighted average common shares outstanding - Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	624.10M	shares	1 Quarter

Cash Flow Statement 63 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$331.80M	USD	1 Quarter
Net income	`ProfitLoss`	$429.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$91.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$76.70M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$19.70M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$19.10M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$13.40M	USD	1 Quarter
Deferred income tax provision (benefit)	`DeferredIncomeTaxExpenseBenefit`	$14.20M	USD	1 Quarter
Net change in components of working capital	`IncreaseDecreaseInComponentsOfWorkingCapital`	$114.60M	USD	1 Quarter
Net change in components of working capital	`IncreaseDecreaseInComponentsOfWorkingCapital`	$182.90M	USD	1 Quarter
Net change in other long-term assets and liabilities	`IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet`	$19.70M	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`	$350.80M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$321.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$78.10M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquirePropertyPlantAndEquipment`	$78.40M	USD	1 Quarter
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$1.80M	USD	1 Quarter
Proceeds from disposals of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$900.00K	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$46.20M	USD	1 Quarter
Purchases of investments	`PaymentsToAcquireInvestments`	$100.30M	USD	1 Quarter
Sales and maturities of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$35.80M	USD	1 Quarter
Sales and maturities of investments	`ProceedsFromSaleMaturityAndCollectionsOfInvestments`	$48.50M	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	-	USD	1 Quarter
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$2.23B	USD	Annual
Acquisitions, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$185.60M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$2.40M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$3.30M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-263.20M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-144.10M	USD	1 Quarter
Proceeds from issuance of senior notes and other long-term debt	`ProceedsFromIssuanceOfSeniorLongTermDebtAndOtherDebt`	$1.20M	USD	1 Quarter
Proceeds from issuance of senior notes and other long-term debt	`ProceedsFromIssuanceOfSeniorLongTermDebtAndOtherDebt`	$200.00K	USD	1 Quarter
Repayments of senior notes and other long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$2.50M	USD	1 Quarter
Repayments of senior notes and other long-term debt	`RepaymentsOfLongTermDebtAndCapitalSecurities`	$800.00K	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromOtherShortTermDebt`	$20.10M	USD	1 Quarter
Proceeds from short-term borrowings	`ProceedsFromOtherShortTermDebt`	-	USD	1 Quarter
(Repayments) borrowings under commercial paper programs, net	`ProceedsFromRepaymentsOfCommercialPaper`	$811.90M	USD	1 Quarter
(Repayments) borrowings under commercial paper programs, net	`ProceedsFromRepaymentsOfCommercialPaper`	$138.40M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$204.00M	USD	1 Quarter
Purchase of treasury stock	`PaymentsForRepurchaseOfCommonStock`	$152.80M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$21.10M	USD	1 Quarter
Proceeds from exercise of stock options	`ProceedsFromStockOptionsExercised`	$20.00M	USD	1 Quarter
Distributions to and purchases of noncontrolling interests	`PaymentsToNoncontrollingInterestsIncludingDividends`	$7.60M	USD	1 Quarter
Distributions to and purchases of noncontrolling interests	`PaymentsToNoncontrollingInterestsIncludingDividends`	$3.60M	USD	1 Quarter
Dividend payments	`PaymentsOfDividendsCommonStock`	$119.80M	USD	1 Quarter
Dividend payments	`PaymentsOfDividendsCommonStock`	$86.80M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$586.20M	USD	1 Quarter
Net cash (used in) provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-151.20M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-5.10M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$-18.40M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$50.40M	USD	1 Quarter
Net (decrease) increase in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$625.60M	USD	1 Quarter
Cash and cash equivalents balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.20B	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`	$2.33B	USD	Point-in-time
Cash and cash equivalents balance, beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.25B	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.20B	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`	$2.33B	USD	Point-in-time
Cash and cash equivalents balance, end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.25B	USD	Point-in-time
Interest	`InterestPaidNet`	$27.60M	USD	1 Quarter
Interest	`InterestPaidNet`	$28.10M	USD	1 Quarter
Income taxes, net	`IncomeTaxesPaidNet`	$75.20M	USD	1 Quarter
Income taxes, net	`IncomeTaxesPaidNet`	$93.80M	USD	1 Quarter

Comprehensive Income 18 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$331.80M	USD	1 Quarter
Pension and postretirement benefit plan adjustment, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-1.60M	USD	1 Quarter
Net income	`ProfitLoss`	$429.20M	USD	1 Quarter
Pension and postretirement benefit plan adjustment, tax	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax`	$-1.10M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-20.90M	USD	1 Quarter
Foreign currency translation adjustments	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$-62.30M	USD	1 Quarter
Unrealized gain (loss) on hedging activities	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$100.00K	USD	1 Quarter
Unrealized gain (loss) on hedging activities	`OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax`	$600.00K	USD	1 Quarter
Pension and postretirement benefit plan adjustment, net of tax of ($1.1) and ($1.6), respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-5.10M	USD	1 Quarter
Pension and postretirement benefit plan adjustment, net of tax of ($1.1) and ($1.6), respectively	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$-3.30M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-17.00M	USD	1 Quarter
Total other comprehensive income (loss), net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$-57.10M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$412.20M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$274.70M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.00M	USD	1 Quarter
Less: Comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$3.50M	USD	1 Quarter
Comprehensive income attributable to Amphenol Corporation	`ComprehensiveIncomeNetOfTax`	$272.70M	USD	1 Quarter
Comprehensive income attributable to Amphenol Corporation	`ComprehensiveIncomeNetOfTax`	$408.70M	USD	1 Quarter

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