10-Q Filing

ALLEGION PLC CIK: 1579241 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0001579241-18-000020`
Period End Date	20180331
Filing Date	20180426
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	alle-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 38 Cash Flow Statement 46

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$466.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$151.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$312.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$189.60M	USD	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$336.40M	USD	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$296.60M	USD	Point-in-time
Inventories	`InventoryNet`	$271.50M	USD	Point-in-time
Inventories	`InventoryNet`	$239.80M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$30.10M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$42.90M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$802.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.03B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$252.20M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$277.40M	USD	Point-in-time
Goodwill	`Goodwill`	$878.00M	USD	Point-in-time
Goodwill	`Goodwill`	$761.20M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$545.80M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$394.30M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$124.30M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$101.60M	USD	Point-in-time
Total assets	`Assets`	$2.63B	USD	Point-in-time
Total assets	`Assets`	$2.54B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$188.30M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$197.50M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$237.50M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$219.30M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$35.30M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$35.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$452.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$460.80M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.44B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.47B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$233.40M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$240.80M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.14B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.17B	USD	Point-in-time
Ordinary shares, $0.01 par value (94,953,338 and 95,062,385 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively)	`CommonStockValue`	$1.00M	USD	Point-in-time
Ordinary shares, $0.01 par value (94,953,338 and 95,062,385 shares issued and outstanding at March 31, 2018 and December 31, 2017, respectively)	`CommonStockValue`	$900.00K	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Additional Paid in Capital, Common Stock	`AdditionalPaidInCapitalCommonStock`	$9.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$581.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$544.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-152.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-126.80M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$401.60M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$456.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$5.10M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.90M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$405.50M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$155.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$461.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$116.40M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.54B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.63B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`SalesRevenueNet`	$613.10M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$548.80M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$307.60M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$355.30M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$141.70M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$159.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$98.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$99.50M	USD	1 Quarter
Interest expense	`InterestExpense`	$15.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.90M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-1.30M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$400.00K	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$86.20M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$82.30M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$13.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$72.40M	USD	1 Quarter
Net earnings	`ProfitLoss`	$68.70M	USD	1 Quarter
Less: Net (earnings) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$200.00K	USD	1 Quarter
Less: Net (earnings) loss attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$300.00K	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$72.20M	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$68.40M	USD	1 Quarter
Net earnings (loss) (in dollars per share)	`EarningsPerShareBasic`	$0.76	USD	1 Quarter
Net earnings (loss) (in dollars per share)	`EarningsPerShareBasic`	$0.72	USD	1 Quarter
Net earnings (loss) (in dollars per share)	`EarningsPerShareDiluted`	$0.75	USD	1 Quarter
Net earnings (loss) (in dollars per share)	`EarningsPerShareDiluted`	$0.71	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	95.10M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	95.30M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	95.80M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.10M	shares	1 Quarter
Dividends declared per ordinary share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.21	USD	1 Quarter
Dividends declared per ordinary share (in dollars per share)	`CommonStockDividendsPerShareDeclared`	$0.16	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$99.50M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$81.70M	USD	1 Quarter
Less: Total comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$500.00K	USD	1 Quarter
Less: Total comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.20M	USD	1 Quarter
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$81.20M	USD	1 Quarter
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$98.30M	USD	1 Quarter

Cash Flow Statement 46 line items

Line Item	Tag	Value	Unit	Period
Net earnings (loss)	`ProfitLoss`	$72.40M	USD	1 Quarter
Net earnings (loss)	`ProfitLoss`	$68.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$16.50M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$22.50M	USD	1 Quarter
Discretionary pension plan contribution	`PensionContributions`	$50.00M	USD	1 Quarter
Discretionary pension plan contribution	`PensionContributions`	-	USD	1 Quarter
Changes in assets and liabilities and other non-cash items	`IncreaseDecreaseInOtherOperatingCapitalNet`	$76.10M	USD	1 Quarter
Changes in assets and liabilities and other non-cash items	`IncreaseDecreaseInOtherOperatingCapitalNet`	$105.00M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-40.90M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-10.10M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.80M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$8.70M	USD	1 Quarter
Acquisition of and equity investments in businesses, net of cash acquired	`Cashpaidforacquisitionsandinvestmentsinequityaffiliates`	$20.80M	USD	1 Quarter
Acquisition of and equity investments in businesses, net of cash acquired	`Cashpaidforacquisitionsandinvestmentsinequityaffiliates`	$276.30M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-100.00K	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-800.00K	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-27.80M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-284.90M	USD	1 Quarter
Short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$-1.10M	USD	1 Quarter
Short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	1 Quarter
Proceeds from revolving facility	`ProceedsFromLinesOfCredit`	$40.00M	USD	1 Quarter
Proceeds from revolving facility	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$8.80M	USD	1 Quarter
Payments of long-term debt	`RepaymentsOfLongTermDebt`	$11.80M	USD	1 Quarter
Net proceeds from (repayments of) debt	`ProceedsFromRepaymentsOfDebt`	$31.20M	USD	1 Quarter
Net proceeds from (repayments of) debt	`ProceedsFromRepaymentsOfDebt`	$-12.90M	USD	1 Quarter
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$19.70M	USD	1 Quarter
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$15.20M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$30.00M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$30.00M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.40M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$2.10M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-56.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-20.90M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.90M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.50M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-314.40M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-122.80M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$466.20M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$151.80M	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`	$189.60M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$466.20M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$151.80M	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`	$189.60M	USD	Point-in-time

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