10-Q Filing

ALLEGION PLC CIK: 1579241 Q2 2018

Filing Information

Form Type	10-Q
Accession Number	`0001579241-18-000030`
Period End Date	20180630
Filing Date	20180726
Fiscal Year	2018
Fiscal Period	Q2
XBRL Instance	alle-20180630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 54 Income Statement 76 Cash Flow Statement 52

Balance Sheet 54 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$189.60M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$312.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$466.20M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$245.50M	USD	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$296.60M	USD	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$366.00M	USD	Point-in-time
Inventories	`InventoryNet`	$239.80M	USD	Point-in-time
Inventories	`InventoryNet`	$265.40M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$30.10M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$31.50M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.03B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$852.50M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$252.20M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$272.50M	USD	Point-in-time
Goodwill	`Goodwill`	$761.20M	USD	Point-in-time
Goodwill	`Goodwill`	$857.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$394.30M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$516.40M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$101.60M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$133.30M	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`	$210.20M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$227.70M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$237.50M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$35.00M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$35.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$473.10M	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`	$1.43B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$233.40M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$224.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.12B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.14B	USD	Point-in-time
Ordinary shares, $0.01 par value (94,989,922 and 95,062,385 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively)	`CommonStockValue`	$1.00M	USD	Point-in-time
Ordinary shares, $0.01 par value (94,989,922 and 95,062,385 shares issued and outstanding at June 30, 2018 and December 31, 2017, respectively)	`CommonStockValue`	$900.00K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$9.10M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$5.20M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$544.40M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$675.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-152.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-175.90M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$506.00M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$401.60M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$2.70M	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`	$116.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$508.70M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$269.40M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.63B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.54B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`SalesRevenueNet`	$704.70M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$627.00M	USD	1 Quarter
Net revenues	`SalesRevenueNet`	$1.32B	USD	2 Qtrs
Net revenues	`SalesRevenueNet`	$1.18B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$399.10M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$754.40M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$345.70M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$653.30M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$146.30M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$162.20M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$321.30M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$288.00M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$143.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$242.10M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$135.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$234.50M	USD	2 Qtrs
Interest expense	`InterestExpense`	$13.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$32.00M	USD	2 Qtrs
Interest expense	`InterestExpense`	$16.10M	USD	1 Quarter
Interest expense	`InterestExpense`	$26.30M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$2.00M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$1.60M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$3.00M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$4.30M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$131.60M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$205.50M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$217.80M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$123.20M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.40M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.00M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$174.50M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$186.40M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$105.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$114.00M	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$300.00K	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$600.00K	USD	2 Qtrs
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$300.00K	USD	2 Qtrs
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$173.90M	USD	2 Qtrs
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$113.90M	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$105.50M	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$186.10M	USD	2 Qtrs
Basic net earnings	`EarningsPerShareBasic`	$1.11	USD	1 Quarter
Basic net earnings	`EarningsPerShareBasic`	$1.96	USD	2 Qtrs
Basic net earnings	`EarningsPerShareBasic`	$1.20	USD	1 Quarter
Basic net earnings	`EarningsPerShareBasic`	$1.82	USD	2 Qtrs
Diluted net earnings	`EarningsPerShareDiluted`	$1.19	USD	1 Quarter
Diluted net earnings	`EarningsPerShareDiluted`	$1.10	USD	1 Quarter
Diluted net earnings	`EarningsPerShareDiluted`	$1.81	USD	2 Qtrs
Diluted net earnings	`EarningsPerShareDiluted`	$1.94	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.00M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.30M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.10M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.20M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	96.00M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	95.70M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	95.60M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	95.90M	shares	1 Quarter
Dividends declared per ordinary share	`CommonStockDividendsPerShareDeclared`	$0.42	USD	2 Qtrs
Dividends declared per ordinary share	`CommonStockDividendsPerShareDeclared`	$0.16	USD	1 Quarter
Dividends declared per ordinary share	`CommonStockDividendsPerShareDeclared`	$0.32	USD	2 Qtrs
Dividends declared per ordinary share	`CommonStockDividendsPerShareDeclared`	$0.21	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$62.50M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$162.00M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$153.10M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$234.80M	USD	2 Qtrs
Less: Total comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.00M	USD	2 Qtrs
Less: Total comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$1.20M	USD	2 Qtrs
Less: Total comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-2.20M	USD	1 Quarter
Less: Total comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$700.00K	USD	1 Quarter
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$163.00M	USD	2 Qtrs
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$233.60M	USD	2 Qtrs
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$152.40M	USD	1 Quarter
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$64.70M	USD	1 Quarter

Cash Flow Statement 52 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$174.50M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$186.40M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$105.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$114.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$45.50M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$32.70M	USD	2 Qtrs
Discretionary pension plan contribution	`PensionContributions`	-	USD	2 Qtrs
Discretionary pension plan contribution	`PensionContributions`	$50.00M	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`	$113.20M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$118.70M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$64.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$21.40M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$20.90M	USD	2 Qtrs
Acquisition of and equity investments in businesses, net of cash acquired	`Cashpaidforacquisitionsandinvestmentsinequityaffiliates`	$280.50M	USD	2 Qtrs
Acquisition of and equity investments in businesses, net of cash acquired	`Cashpaidforacquisitionsandinvestmentsinequityaffiliates`	$20.80M	USD	2 Qtrs
Proceeds from sale of equity investment	`ProceedsFromSaleOfEquityMethodInvestments`	$15.20M	USD	2 Qtrs
Proceeds from sale of equity investment	`ProceedsFromSaleOfEquityMethodInvestments`	-	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-100.00K	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.10M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-25.90M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-301.30M	USD	2 Qtrs
Short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$-500.00K	USD	2 Qtrs
Short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$-1.30M	USD	2 Qtrs
Proceeds from revolving facility	`ProceedsFromLinesOfCredit`	$40.00M	USD	2 Qtrs
Proceeds from revolving facility	`ProceedsFromLinesOfCredit`	-	USD	2 Qtrs
Repayments of revolving facility	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Repayments of revolving facility	`RepaymentsOfLinesOfCredit`	$40.00M	USD	2 Qtrs
Payments of other long-term debt	`RepaymentsOfLongTermDebt`	$23.50M	USD	2 Qtrs
Payments of other long-term debt	`RepaymentsOfLongTermDebt`	$17.90M	USD	2 Qtrs
Debt repayments, net	`ProceedsFromRepaymentsOfDebt`	$-18.40M	USD	2 Qtrs
Debt repayments, net	`ProceedsFromRepaymentsOfDebt`	$-24.80M	USD	2 Qtrs
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$39.70M	USD	2 Qtrs
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$30.40M	USD	2 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$30.00M	USD	2 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$60.00M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$4.70M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.30M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-110.50M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-90.40M	USD	2 Qtrs
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.60M	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`	$-276.60M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-66.90M	USD	2 Qtrs
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$189.60M	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`	$466.20M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$245.50M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$189.60M	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`	$466.20M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashAndCashEquivalentsAtCarryingValue`	$245.50M	USD	Point-in-time

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