10-Q Filing

ALLEGION PLC CIK: 1579241 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001579241-17-000039`
Period End Date	20170630
Filing Date	20170727
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	alle-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 80 Cash Flow Statement 52

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$199.70M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$245.50M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$312.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$169.10M	USD	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$260.00M	USD	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$310.90M	USD	Point-in-time
Inventories	`InventoryNet`	$247.80M	USD	Point-in-time
Inventories	`InventoryNet`	$220.60M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$36.30M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$35.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$839.20M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$829.30M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$226.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$241.30M	USD	Point-in-time
Goodwill	`Goodwill`	$745.70M	USD	Point-in-time
Goodwill	`Goodwill`	$716.80M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$357.40M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$386.80M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$117.30M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$121.60M	USD	Point-in-time
Total assets	`Assets`	$2.33B	USD	Point-in-time
Total assets	`Assets`	$2.25B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$194.60M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$179.90M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$201.50M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$195.30M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$48.20M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$46.90M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$436.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$429.60M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.42B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.39B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$285.80M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$234.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.07B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.13B	USD	Point-in-time
Ordinary shares, $0.01 par value (94,980,455 and 95,273,927 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively)	`CommonStockValue`	$900.00K	USD	Point-in-time
Ordinary shares, $0.01 par value (94,980,455 and 95,273,927 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively)	`CommonStockValue`	$1.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$376.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$468.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-264.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-232.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-231.20M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-204.50M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$113.30M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$265.30M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.10M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$4.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$142.80M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$116.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$269.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$29.70M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.25B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.33B	USD	Point-in-time

Income Statement 80 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`SalesRevenueNet`	$1.09B	USD	2 Qtrs
Net revenues	`SalesRevenueNet`	$627.00M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$584.90M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$1.18B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$654.00M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$603.50M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$346.00M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$317.50M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$146.90M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$276.90M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$288.90M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$143.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$124.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$134.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$206.80M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$232.90M	USD	2 Qtrs
Interest expense	`InterestExpense`	$32.80M	USD	2 Qtrs
Interest expense	`InterestExpense`	$32.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$16.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$16.10M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$17.40M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$8.60M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$5.20M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$4.60M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$191.40M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$123.20M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$116.40M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$205.50M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.00M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$37.20M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.00M	USD	1 Quarter
Net earnings	`ProfitLoss`	$105.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$95.40M	USD	1 Quarter
Net earnings	`ProfitLoss`	$174.50M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$154.20M	USD	2 Qtrs
Less: Net (earnings) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$400.00K	USD	1 Quarter
Less: Net (earnings) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$600.00K	USD	2 Qtrs
Less: Net (earnings) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$300.00K	USD	1 Quarter
Less: Net (earnings) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$1.50M	USD	2 Qtrs
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$95.00M	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$173.90M	USD	2 Qtrs
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$105.50M	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$152.70M	USD	2 Qtrs
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$95.00M	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$173.90M	USD	2 Qtrs
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$105.50M	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$152.70M	USD	2 Qtrs
Net earnings (loss) (in dollars per share)	`EarningsPerShareBasic`	$1.82	USD	2 Qtrs
Net earnings (loss) (in dollars per share)	`EarningsPerShareBasic`	$0.99	USD	1 Quarter
Net earnings (loss) (in dollars per share)	`EarningsPerShareBasic`	$1.59	USD	2 Qtrs
Net earnings (loss) (in dollars per share)	`EarningsPerShareBasic`	$1.11	USD	1 Quarter
Net earnings (loss) (in dollars per share)	`EarningsPerShareDiluted`	$1.81	USD	2 Qtrs
Net earnings (loss) (in dollars per share)	`EarningsPerShareDiluted`	$1.10	USD	1 Quarter
Net earnings (loss) (in dollars per share)	`EarningsPerShareDiluted`	$1.58	USD	2 Qtrs
Net earnings (loss) (in dollars per share)	`EarningsPerShareDiluted`	$0.98	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	95.30M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	95.20M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	95.80M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	95.90M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.80M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.00M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.80M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	95.90M	shares	1 Quarter
Dividends declared per ordinary share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.24	USD	2 Qtrs
Dividends declared per ordinary share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.16	USD	1 Quarter
Dividends declared per ordinary share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.32	USD	2 Qtrs
Dividends declared per ordinary share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.12	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$234.80M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$69.00M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$155.90M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$153.10M	USD	1 Quarter
Less: Total comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.20M	USD	2 Qtrs
Less: Total comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$700.00K	USD	1 Quarter
Less: Total comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-400.00K	USD	1 Quarter
Less: Total comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$2.20M	USD	2 Qtrs
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$153.70M	USD	2 Qtrs
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$152.40M	USD	1 Quarter
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$69.40M	USD	1 Quarter
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$233.60M	USD	2 Qtrs

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net earnings (loss)	`ProfitLoss`	$105.80M	USD	1 Quarter
Net earnings (loss)	`ProfitLoss`	$95.40M	USD	1 Quarter
Net earnings (loss)	`ProfitLoss`	$174.50M	USD	2 Qtrs
Net earnings (loss)	`ProfitLoss`	$154.20M	USD	2 Qtrs
Pension Contributions	`PensionContributions`	$50.00M	USD	2 Qtrs
Pension Contributions	`PensionContributions`	-	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$32.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$33.50M	USD	2 Qtrs
Changes in assets and liabilities and other non-cash items	`IncreaseDecreaseInOtherOperatingCapitalNet`	$93.20M	USD	2 Qtrs
Changes in assets and liabilities and other non-cash items	`IncreaseDecreaseInOtherOperatingCapitalNet`	$86.50M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$64.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$101.20M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$21.40M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$16.50M	USD	2 Qtrs
Acquisition of and equity investments in businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$20.80M	USD	2 Qtrs
Acquisition of and equity investments in businesses, net of cash acquired	`PaymentsToAcquireBusinessesNetOfCashAcquired`	$31.40M	USD	2 Qtrs
Proceeds from Sale and Maturity of Marketable Securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	-	USD	2 Qtrs
Proceeds from Sale and Maturity of Marketable Securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$14.10M	USD	2 Qtrs
Proceeds from Sale of Equity Method Investments	`ProceedsFromSaleOfEquityMethodInvestments`	$15.20M	USD	2 Qtrs
Proceeds from Sale of Equity Method Investments	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.10M	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$4.70M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.90M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-38.50M	USD	2 Qtrs
Proceeds from (Repayments of) Short-term Debt	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	2 Qtrs
Proceeds from (Repayments of) Short-term Debt	`ProceedsFromRepaymentsOfShortTermDebt`	$-1.30M	USD	2 Qtrs
Repayments of Long-term Debt	`RepaymentsOfLongTermDebt`	$23.50M	USD	2 Qtrs
Repayments of Long-term Debt	`RepaymentsOfLongTermDebt`	$40.50M	USD	2 Qtrs
Debt repayments, net	`ProceedsFromRepaymentsOfDebt`	$-40.50M	USD	2 Qtrs
Debt repayments, net	`ProceedsFromRepaymentsOfDebt`	$-24.80M	USD	2 Qtrs
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$30.40M	USD	2 Qtrs
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$22.90M	USD	2 Qtrs
Payments to Noncontrolling Interests	`PaymentsToMinorityShareholders`	$400.00K	USD	2 Qtrs
Payments to Noncontrolling Interests	`PaymentsToMinorityShareholders`	-	USD	2 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$60.00M	USD	2 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$30.00M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$4.70M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.20M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-110.50M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-95.00M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.70M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$5.50M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-30.60M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-66.90M	USD	2 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$199.70M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$245.50M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$312.40M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$169.10M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$199.70M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$245.50M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$312.40M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$169.10M	USD	Point-in-time

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