10-Q Filing

COMMSCOPE HOLDING COMPANY, INC. CIK: 1517228 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001564590-18-009904`
Period End Date	20180331
Filing Date	20180501
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	comm-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 79 Income Statement 49 Cash Flow Statement 50 Stockholders Equity 14

Balance Sheet 79 line items

Line Item	Tag	Value	Unit	Period
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$13.98M	USD	Point-in-time
Allowance for doubtful accounts receivable	`AllowanceForDoubtfulAccountsReceivableCurrent`	$15.11M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$437.64M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$390.39M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$453.98M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$428.23M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$472.73M	USD	Point-in-time
Property, plant and equipment, accumulated depreciation	`AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment`	$407.33M	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $15,107 and $13,976, respectively	`AccountsReceivableNetCurrent`	$984.85M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, less allowance for doubtful accounts of $15,107 and $13,976, respectively	`AccountsReceivableNetCurrent`	$898.83M	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories, net	`InventoryNet`	$444.94M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$470.95M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	200.00M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$146.11M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$153.68M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred stock, shares outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Total current assets	`AssetsCurrent`	$2.08B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.94B	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $407,331 and $390,389, respectively	`PropertyPlantAndEquipmentNet`	$467.29M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Property, plant and equipment, net of accumulated depreciation of $407,331 and $390,389, respectively	`PropertyPlantAndEquipmentNet`	$464.31M	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
Goodwill	`Goodwill`	$2.89B	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.30B	shares	Point-in-time
Goodwill	`Goodwill`	$2.90B	USD	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$1.58B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	190.91M	shares	Point-in-time
Other intangible assets, net	`OtherIntangibleAssetsNet`	$1.64B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	192.08M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	192.08M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$107.80M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	190.91M	shares	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$124.99M	USD	Point-in-time
Total assets	`Assets`	$7.15B	USD	Point-in-time
Total assets	`Assets`	$7.04B	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	6.34M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	6.73M	shares	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$436.74M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$460.50M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$286.98M	USD	Point-in-time
Other accrued liabilities	`AccruedLiabilitiesCurrent`	$301.38M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$723.72M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$761.88M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.37B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$4.37B	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$134.24M	USD	Point-in-time
Deferred income taxes	`DeferredTaxLiabilitiesNoncurrent`	$128.97M	USD	Point-in-time
Pension and other postretirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$25.21M	USD	Point-in-time
Pension and other postretirement benefit liabilities	`PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent`	$25.14M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$131.23M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$141.34M	USD	Point-in-time
Total liabilities	`Liabilities`	$5.42B	USD	Point-in-time
Total liabilities	`Liabilities`	$5.39B	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: 192,077,678 and 190,906,110, respectively	`CommonStockValue`	$1.97M	USD	Point-in-time
Common stock, $0.01 par value: Authorized shares: 1,300,000,000; Issued and outstanding shares: 192,077,678 and 190,906,110, respectively	`CommonStockValue`	$1.99M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.35B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$2.33B	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-356.26M	USD	Point-in-time
Retained earnings (accumulated deficit)	`RetainedEarningsAccumulatedDeficit`	$-396.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-86.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-41.85M	USD	Point-in-time
Treasury stock, at cost: 6,733,285 shares and 6,336,144 shares, respectively	`TreasuryStockValue`	$205.62M	USD	Point-in-time
Treasury stock, at cost: 6,733,285 shares and 6,336,144 shares, respectively	`TreasuryStockValue`	$221.02M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.40B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.65B	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$1.73B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.04B	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$7.15B	USD	Point-in-time

Income Statement 49 line items

Line Item	Tag	Value	Unit	Period
Net sales	`SalesRevenueNet`	$1.12B	USD	1 Quarter
Net sales	`SalesRevenueNet`	$1.14B	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$709.12M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$683.48M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$185.13M	USD	1 Quarter
Selling, general and administrative	`SellingGeneralAndAdministrativeExpense`	$211.82M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$48.99M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$49.86M	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$67.23M	USD	1 Quarter
Amortization of purchased intangible assets	`AmortizationOfIntangibleAssets`	$67.64M	USD	1 Quarter
Restructuring costs, net	`RestructuringCharges`	$5.39M	USD	1 Quarter
Restructuring costs, net	`RestructuringCharges`	$5.45M	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.02B	USD	1 Quarter
Total operating costs and expenses	`CostsAndExpenses`	$1.02B	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$119.97M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$103.73M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-15.36M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$983.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$59.81M	USD	1 Quarter
Interest expense	`InterestExpense`	$69.55M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$874.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.43M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$46.34M	USD	1 Quarter
Income before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$35.94M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$12.60M	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$2.37M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.56M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.17	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.18	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.17	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	191.37M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	194.07M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	199.14M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	195.46M	shares	1 Quarter
Net income	`NetIncomeLoss`	$33.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.56M	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$46.78M	USD	1 Quarter
Foreign currency translation gain	`OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax`	$40.35M	USD	1 Quarter
Pension and other postretirement benefit activity	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$369.00K	USD	1 Quarter
Pension and other postretirement benefit activity	`OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax`	$1.43M	USD	1 Quarter
Loss on net investment hedge	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-598.00K	USD	1 Quarter
Loss on net investment hedge	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-355.00K	USD	1 Quarter
Available-for-sale securities	`OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax`	$1.31M	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$44.76M	USD	1 Quarter
Total other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$40.94M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$74.50M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTax`	$78.49M	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$33.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.56M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$100.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$89.41M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$9.41M	USD	1 Quarter
Equity-based compensation	`ShareBasedCompensation`	$10.55M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-16.44M	USD	1 Quarter
Deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$-5.44M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$71.11M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-19.68M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$25.21M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$19.13M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$24.50M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$12.31M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-28.03M	USD	1 Quarter
Accounts payable and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$15.41M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-12.42M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-15.65M	USD	1 Quarter
Net cash generated by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$102.79M	USD	1 Quarter
Net cash generated by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$35.26M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$13.58M	USD	1 Quarter
Additions to property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$12.91M	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$355.00K	USD	1 Quarter
Proceeds from sale of property, plant and equipment	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$2.98M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$-639.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-11.92M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-10.59M	USD	1 Quarter
Long-term debt repaid	`RepaymentsOfLongTermDebt`	$750.00M	USD	1 Quarter
Long-term debt proceeds	`ProceedsFromIssuanceOfLongTermDebt`	$750.00M	USD	1 Quarter
Debt issuance and modification costs	`PaymentsOfDebtIssuanceAndModificationCosts`	$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`	$3.93M	USD	1 Quarter
Proceeds from the issuance of common shares under equity-based compensation plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$5.80M	USD	1 Quarter
Tax withholding payments for vested equity-based compensation awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$14.76M	USD	1 Quarter
Tax withholding payments for vested equity-based compensation awards	`PaymentsRelatedToTaxWithholdingForShareBasedCompensation`	$15.41M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-88.64M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-11.48M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$7.17M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$5.57M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$9.41M	USD	1 Quarter
Change in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$18.76M	USD	1 Quarter
Cash and cash equivalent at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$437.64M	USD	Point-in-time
Cash and cash equivalent at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$453.98M	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`	$472.73M	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`	$453.98M	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`	$472.73M	USD	Point-in-time

Stockholders Equity 14 line items

Line Item	Tag	Value	Unit	Period
Beginning balance, Shares	`CommonStockSharesOutstanding`	192.08M	shares	Point-in-time
Beginning balance, Shares	`CommonStockSharesOutstanding`	190.91M	shares	Point-in-time
Ending balance, Shares	`CommonStockSharesOutstanding`	192.08M	shares	Point-in-time
Ending balance, Shares	`CommonStockSharesOutstanding`	190.91M	shares	Point-in-time
Beginning balance	`StockholdersEquity`	$1.40B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.65B	USD	Point-in-time
Beginning balance	`StockholdersEquity`	$1.73B	USD	Point-in-time
Net income	`NetIncomeLoss`	$33.73M	USD	1 Quarter
Net income	`NetIncomeLoss`	$33.56M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$44.76M	USD	1 Quarter
Other comprehensive income, net of tax	`OtherComprehensiveIncomeLossNetOfTax`	$40.94M	USD	1 Quarter
Ending balance	`StockholdersEquity`	$1.40B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.65B	USD	Point-in-time
Ending balance	`StockholdersEquity`	$1.73B	USD	Point-in-time

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