10-Q Filing

COMMSCOPE HOLDING COMPANY, INC. CIK: 1517228 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001564590-17-008462`
Period End Date	20170331
Filing Date	20170504
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	comm-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 80 Income Statement 50 Cash Flow Statement 54 Stockholders Equity 16

Balance Sheet 80 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$17.21M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$18.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$688.37M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$303.73M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$437.64M	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$322.90M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$428.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$562.88M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $18,103 and $17,211, respectively	`AccountsReceivableNetCurrent`	$941.27M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $18,103 and $17,211, respectively	`AccountsReceivableNetCurrent`	$952.37M	USD	Point-in-time
Inventories, net	`InventoryNet`	$498.09M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$473.27M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$139.90M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$155.16M	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.03B	USD	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$1.99B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $322,903 and $303,734, respectively	`PropertyPlantAndEquipmentNet`	$474.99M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $322,903 and $303,734, respectively	`PropertyPlantAndEquipmentNet`	$474.07M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.30B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.30B	shares	Point-in-time
Goodwill	`Goodwill`	$2.78B	USD	Point-in-time
Goodwill	`Goodwill`	$2.77B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	193.47M	shares	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$1.80B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	193.84M	shares	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$1.74B	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	193.84M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$105.86M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	193.47M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$106.98M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	1.13M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	3.16M	shares	Point-in-time
Total assets	`Assets`	$7.14B	USD	Point-in-time
Total assets	`Assets`	$7.13B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$415.92M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$453.34M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$380.92M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$429.40M	USD	Point-in-time
Current portion of long-term debt	`LongTermDebtAndCapitalLeaseObligationsCurrent`	$12.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$857.82M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$834.26M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.57B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.55B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$184.50M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$199.12M	USD	Point-in-time
Pension and other postretirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$30.50M	USD	Point-in-time
Pension and other postretirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$31.67M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$109.78M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$112.11M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.73B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.75B	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, $.01 par value: Authorized shares: 200,000,000; Issued and outstanding shares: None	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $.01 par value: Authorized shares: 200,000,000; Issued and outstanding shares: None	`PreferredStockValue`	-	USD	Point-in-time
Common stock, $0.01 par value: Authorized shares: 1,300,000,000; Issued and outstanding shares: 193,466,488 and 193,837,437, respectively	`CommonStockValue`	$1.95M	USD	Point-in-time
Common stock, $0.01 par value: Authorized shares: 1,300,000,000; Issued and outstanding shares: 193,466,488 and 193,837,437, respectively	`CommonStockValue`	$1.97M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.30B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.28B	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-556.20M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-589.56M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-285.11M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-244.18M	USD	Point-in-time
Treasury stock, at cost: 1,522,945 shares and 1,129,222 shares, respectively	`TreasuryStockValue`	$94.98M	USD	Point-in-time
Treasury stock, at cost: 1,522,945 shares and 1,129,222 shares, respectively	`TreasuryStockValue`	$15.21M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.29B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.39B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.14B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.13B	USD	Point-in-time

Income Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.14B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.14B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$696.89M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$682.46M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$209.20M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$211.55M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$52.19M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$48.90M	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$67.64M	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$73.62M	USD	1 Quarter
Restructuring costs, net	`RestructuringChargesNet`	$6.07M	USD	1 Quarter
Restructuring costs, net	`RestructuringChargesNet`	$5.39M	USD	1 Quarter
Asset impairments	`AssetImpairmentCharges`	$15.29M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.02B	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.05B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$121.35M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$90.72M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$301.00K	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-16.74M	USD	1 Quarter
Interest expense	`InterestExpense`	$72.56M	USD	1 Quarter
Interest expense	`InterestExpense`	$69.55M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$874.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$2.58M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$21.04M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.94M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$8.46M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$12.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.56M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.07	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.06	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	191.64M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	194.07M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	195.46M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	199.14M	shares	1 Quarter
Net income	`NetIncomeLoss`	$12.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.56M	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$46.28M	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$40.35M	USD	1 Quarter
Pension and other postretirement benefit activity	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$731.00K	USD	1 Quarter
Pension and other postretirement benefit activity	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$369.00K	USD	1 Quarter
Loss on net investment hedge	`OtherComprehensiveIncomeLossNetInvestmentHedgesNetOfTax`	$-355.00K	USD	1 Quarter
Available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$-723.00K	USD	1 Quarter
Available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.31M	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$44.83M	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$40.94M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$57.41M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$74.50M	USD	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$12.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$100.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$96.94M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$8.84M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$9.41M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-10.44M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-16.44M	USD	1 Quarter
Asset impairments	`AssetImpairmentCharges`	$15.29M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$58.76M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-19.68M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$19.13M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.86M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.31M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$6.38M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-28.03M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$73.02M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-15.65M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$1.75M	USD	1 Quarter
Net cash generated by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$102.79M	USD	1 Quarter
Net cash generated by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$119.47M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$14.47M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.91M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$3.68M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$355.00K	USD	1 Quarter
Cash paid for acquisitions including purchase price adjustments, net of cash acquired	`PaymentsForProceedsFromPreviousAcquisition`	$-15.36M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-639.00K	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-474.00K	USD	1 Quarter
Net cash generated by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$5.04M	USD	1 Quarter
Net cash generated by (used in) investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.92M	USD	1 Quarter
Long-term debt repaid	`RepaymentsOfLongTermDebt`	$750.00M	USD	1 Quarter
Long-term debt repaid	`RepaymentsOfLongTermDebt`	$3.15M	USD	1 Quarter
Long-term debt proceeds	`ProceedsFromIssuanceOfLongTermDebt`	$750.00M	USD	1 Quarter
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$6.12M	USD	1 Quarter
Debt extinguishment costs	`PaymentsOfDebtExtinguishmentCosts`	$14.80M	USD	1 Quarter
Cash paid for repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$58.77M	USD	1 Quarter
Proceeds from the issuance of common shares under equity-based compensation plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$5.80M	USD	1 Quarter
Proceeds from the issuance of common shares under equity-based compensation plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$1.49M	USD	1 Quarter
Tax withholding payments for vested equity-based compensation awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$2.72M	USD	1 Quarter
Tax withholding payments for vested equity-based compensation awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$14.76M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-88.64M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-4.38M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$5.35M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.17M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$125.48M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.41M	USD	1 Quarter
Cash and cash equivalent at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$688.37M	USD	Point-in-time
Cash and cash equivalent at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$437.64M	USD	Point-in-time
Cash and cash equivalent at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$428.23M	USD	Point-in-time
Cash and cash equivalent at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$562.88M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$688.37M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$437.64M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$428.23M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$562.88M	USD	Point-in-time

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, Shares	`CommonStockSharesOutstanding`	193.84M	shares	Point-in-time
Beginning balance, Shares	`CommonStockSharesOutstanding`	193.47M	shares	Point-in-time
Repurchase of common stock	`TreasuryStockSharesAcquired`	1.60M	shares	1 Quarter
Ending balance, Shares	`CommonStockSharesOutstanding`	193.84M	shares	Point-in-time
Ending balance, Shares	`CommonStockSharesOutstanding`	193.47M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$1.40B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.29B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.39B	USD	Point-in-time
Net income	`NetIncomeLoss`	$12.58M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.56M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$44.83M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$40.94M	USD	1 Quarter
Repurchase of common stock	`TreasuryStockValueAcquiredCostMethod`	$65.00M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.40B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.29B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.39B	USD	Point-in-time

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