10-Q Filing

ALLEGION PLC CIK: 1579241 Q2 2019

Filing Information

Form Type	10-Q
Accession Number	`0001579241-19-000051`
Period End Date	20190630
Filing Date	20190725
Fiscal Year	2019
Fiscal Period	Q2
XBRL Instance	alle-10qx06302019xdoc_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 58 Income Statement 74 Cash Flow Statement 53

Balance Sheet 58 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$157.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$283.80M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$3.40M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$6.80M	USD	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$380.00M	USD	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$324.90M	USD	Point-in-time
Inventories	`InventoryNet`	$280.30M	USD	Point-in-time
Inventories	`InventoryNet`	$304.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$37.30M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$35.80M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$931.60M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$883.20M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$276.70M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$281.70M	USD	Point-in-time
Goodwill	`Goodwill`	$878.10M	USD	Point-in-time
Goodwill	`Goodwill`	$883.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$547.10M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$533.60M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$272.70M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$171.80M	USD	Point-in-time
Total assets	`Assets`	$2.81B	USD	Point-in-time
Total assets	`Assets`	$2.85B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$235.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$206.50M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$275.50M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$250.50M	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`	$35.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$520.80M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$517.10M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.39B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.41B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$275.50M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$225.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.16B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.19B	USD	Point-in-time
Ordinary shares, $0.01 par value (93,451,331 and 94,637,450 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively)	`CommonStockValue`	$900.00K	USD	Point-in-time
Ordinary shares, $0.01 par value (93,451,331 and 94,637,450 shares issued and outstanding at June 30, 2019 and December 31, 2018, respectively)	`CommonStockValue`	$900.00K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$873.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$892.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-152.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-223.50M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-175.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-233.10M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$660.50M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$651.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$461.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$405.50M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$654.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$508.70M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$637.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$663.60M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.81B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.85B	USD	Point-in-time

Income Statement 74 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	$731.20M	USD	1 Quarter
Net revenues	`Revenues`	$1.32B	USD	2 Qtrs
Net revenues	`Revenues`	$704.70M	USD	1 Quarter
Net revenues	`Revenues`	$1.39B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$410.50M	USD	1 Quarter
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`	$788.60M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$175.00M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$343.90M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$321.30M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$162.20M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$242.10M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$145.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$143.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$253.70M	USD	2 Qtrs
Interest expense	`InterestExpense`	$26.30M	USD	2 Qtrs
Interest expense	`InterestExpense`	$27.10M	USD	2 Qtrs
Interest expense	`InterestExpense`	$13.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.40M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-700.00K	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$2.00M	USD	2 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$1.60M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$400.00K	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$227.00M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$217.80M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$131.60M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$131.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$22.20M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$37.30M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.60M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.40M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$114.00M	USD	1 Quarter
Net earnings	`ProfitLoss`	$189.70M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$80.30M	USD	1 Quarter
Net earnings	`ProfitLoss`	$186.40M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$72.40M	USD	1 Quarter
Net earnings	`ProfitLoss`	$109.40M	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	2 Qtrs
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$200.00K	USD	2 Qtrs
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$113.90M	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$109.30M	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$186.10M	USD	2 Qtrs
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$189.50M	USD	2 Qtrs
Basic net earnings	`EarningsPerShareBasic`	$1.20	USD	1 Quarter
Basic net earnings	`EarningsPerShareBasic`	$1.96	USD	2 Qtrs
Basic net earnings	`EarningsPerShareBasic`	$1.17	USD	1 Quarter
Basic net earnings	`EarningsPerShareBasic`	$2.01	USD	2 Qtrs
Diluted net earnings	`EarningsPerShareDiluted`	$1.19	USD	1 Quarter
Diluted net earnings	`EarningsPerShareDiluted`	$2.00	USD	2 Qtrs
Diluted net earnings	`EarningsPerShareDiluted`	$1.16	USD	1 Quarter
Diluted net earnings	`EarningsPerShareDiluted`	$1.94	USD	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	93.80M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.10M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	94.10M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	95.60M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	95.70M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.80M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.50M	shares	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$114.50M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$62.50M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$180.10M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$162.00M	USD	2 Qtrs
Less: Total comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-500.00K	USD	1 Quarter
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`	$200.00K	USD	2 Qtrs
Less: Total comprehensive (loss) income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.00M	USD	2 Qtrs
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$64.70M	USD	1 Quarter
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$115.00M	USD	1 Quarter
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$163.00M	USD	2 Qtrs
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$179.90M	USD	2 Qtrs

Cash Flow Statement 53 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$114.00M	USD	1 Quarter
Net earnings	`ProfitLoss`	$189.70M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$80.30M	USD	1 Quarter
Net earnings	`ProfitLoss`	$186.40M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$72.40M	USD	1 Quarter
Net earnings	`ProfitLoss`	$109.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$41.40M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$45.50M	USD	2 Qtrs
Changes in assets and liabilities and other non-cash items	`IncreaseDecreaseInOtherOperatingCapitalNet`	$124.10M	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`	$107.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$118.70M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$29.30M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$20.90M	USD	2 Qtrs
Acquisition of and equity investments in businesses, net of cash acquired	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$4.60M	USD	2 Qtrs
Acquisition of and equity investments in businesses, net of cash acquired	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$280.50M	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-100.00K	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$2.30M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-301.30M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.20M	USD	2 Qtrs
Payments of short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-200.00K	USD	2 Qtrs
Payments of short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-500.00K	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`	$40.00M	USD	2 Qtrs
Repayments of revolving facility	`RepaymentsOfLinesOfCredit`	-	USD	2 Qtrs
Payments of other long-term debt	`RepaymentsOfLongTermDebt`	$17.70M	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`	$-17.90M	USD	2 Qtrs
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$39.70M	USD	2 Qtrs
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$50.50M	USD	2 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$63.80M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$30.00M	USD	2 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$69.80M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$30.00M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$133.60M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.30M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.40M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-90.40M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-200.60M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$400.00K	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.60M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-129.40M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-276.60M	USD	2 Qtrs
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$466.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$161.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$290.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$466.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$161.20M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$290.60M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$189.60M	USD	Point-in-time

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