10-Q Filing

ALLEGION PLC CIK: 1579241 Q3 2019

Filing Information

Form Type	10-Q
Accession Number	`0001579241-19-000064`
Period End Date	20190930
Filing Date	20191024
Fiscal Year	2019
Fiscal Period	Q3
XBRL Instance	alle-10qx09302019xdoc_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 76 Cash Flow Statement 60

Balance Sheet 62 line items

Line Item	Tag	Value	Unit	Period
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$232.90M	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`	$324.90M	USD	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$367.50M	USD	Point-in-time
Inventories	`InventoryNet`	$293.90M	USD	Point-in-time
Inventories	`InventoryNet`	$280.30M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$32.50M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$35.00M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$2.90M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$800.00K	USD	Point-in-time
Total current assets	`AssetsCurrent`	$933.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$931.60M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$276.70M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$281.90M	USD	Point-in-time
Goodwill	`Goodwill`	$860.40M	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`	$511.70M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$278.30M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$171.80M	USD	Point-in-time
Total assets	`Assets`	$2.87B	USD	Point-in-time
Total assets	`Assets`	$2.81B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$235.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$208.80M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$282.30M	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`	$100.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$491.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$520.80M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.43B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.41B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$225.90M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$260.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.16B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.18B	USD	Point-in-time
Ordinary shares, $0.01 par value (93,018,092 and 94,637,450 shares issued and outstanding at September 30, 2019 and December 31, 2018, respectively)	`CommonStockValue`	$900.00K	USD	Point-in-time
Ordinary shares, $0.01 par value (93,018,092 and 94,637,450 shares issued and outstanding at September 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`	$957.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-188.20M	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`	$-273.00M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$685.00M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$651.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$2.20M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$663.60M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$637.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$599.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$508.70M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$687.20M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$654.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$461.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$405.50M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.81B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.87B	USD	Point-in-time

Income Statement 76 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	$2.03B	USD	3 Qtrs
Net revenues	`Revenues`	$711.50M	USD	1 Quarter
Net revenues	`Revenues`	$748.30M	USD	1 Quarter
Net revenues	`Revenues`	$2.13B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.20B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$412.80M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$1.16B	USD	3 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$402.10M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$167.40M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$488.40M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$511.30M	USD	3 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$167.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$421.80M	USD	3 Qtrs
Operating income	`OperatingIncomeLoss`	$142.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$168.10M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$384.40M	USD	3 Qtrs
Interest expense	`InterestExpense`	$15.60M	USD	1 Quarter
Interest expense	`InterestExpense`	$42.70M	USD	3 Qtrs
Interest expense	`InterestExpense`	$14.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$40.30M	USD	3 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-1.60M	USD	3 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$-2.00M	USD	1 Quarter
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$3.90M	USD	3 Qtrs
Other expense (income), net	`OtherNonoperatingIncomeExpense`	$1.90M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$150.50M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$130.20M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$377.50M	USD	3 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$348.00M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$45.50M	USD	3 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$18.80M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$56.10M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$109.40M	USD	1 Quarter
Net earnings	`ProfitLoss`	$72.40M	USD	1 Quarter
Net earnings	`ProfitLoss`	$116.10M	USD	1 Quarter
Net earnings	`ProfitLoss`	$302.50M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$114.00M	USD	1 Quarter
Net earnings	`ProfitLoss`	$321.40M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$80.30M	USD	1 Quarter
Net earnings	`ProfitLoss`	$131.70M	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$300.00K	USD	3 Qtrs
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$400.00K	USD	3 Qtrs
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$302.10M	USD	3 Qtrs
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$131.60M	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$116.00M	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$321.10M	USD	3 Qtrs
Basic net earnings	`EarningsPerShareBasic`	$3.18	USD	3 Qtrs
Basic net earnings	`EarningsPerShareBasic`	$1.22	USD	1 Quarter
Basic net earnings	`EarningsPerShareBasic`	$3.42	USD	3 Qtrs
Basic net earnings	`EarningsPerShareBasic`	$1.41	USD	1 Quarter
Diluted net earnings	`EarningsPerShareDiluted`	$1.40	USD	1 Quarter
Diluted net earnings	`EarningsPerShareDiluted`	$3.40	USD	3 Qtrs
Diluted net earnings	`EarningsPerShareDiluted`	$1.21	USD	1 Quarter
Diluted net earnings	`EarningsPerShareDiluted`	$3.15	USD	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.10M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	93.30M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	93.80M	shares	3 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	95.10M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.50M	shares	3 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.00M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	95.80M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	95.80M	shares	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$265.30M	USD	3 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$90.80M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$103.30M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$270.90M	USD	3 Qtrs
Less: Total comprehensive loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-600.00K	USD	1 Quarter
Less: Total comprehensive loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-700.00K	USD	3 Qtrs
Less: Total comprehensive loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-900.00K	USD	1 Quarter
Less: Total comprehensive loss attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-1.60M	USD	3 Qtrs
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$271.60M	USD	3 Qtrs
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$103.90M	USD	1 Quarter
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$266.90M	USD	3 Qtrs
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$91.70M	USD	1 Quarter

Cash Flow Statement 60 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$109.40M	USD	1 Quarter
Net earnings	`ProfitLoss`	$72.40M	USD	1 Quarter
Net earnings	`ProfitLoss`	$116.10M	USD	1 Quarter
Net earnings	`ProfitLoss`	$302.50M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$114.00M	USD	1 Quarter
Net earnings	`ProfitLoss`	$321.40M	USD	3 Qtrs
Net earnings	`ProfitLoss`	$80.30M	USD	1 Quarter
Net earnings	`ProfitLoss`	$131.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$65.80M	USD	3 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$62.60M	USD	3 Qtrs
Changes in assets and liabilities and other non-cash items	`IncreaseDecreaseInOtherOperatingCapitalNet`	$104.60M	USD	3 Qtrs
Changes in assets and liabilities and other non-cash items	`IncreaseDecreaseInOtherOperatingCapitalNet`	$107.90M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$279.40M	USD	3 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$260.40M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$49.40M	USD	3 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$31.80M	USD	3 Qtrs
Acquisition of and equity investments in businesses, net of cash acquired	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$375.80M	USD	3 Qtrs
Acquisition of and equity investments in businesses, net of cash acquired	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$4.60M	USD	3 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$2.00M	USD	3 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$1.10M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-56.00M	USD	3 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-408.70M	USD	3 Qtrs
Payments of short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-300.00K	USD	3 Qtrs
Payments of short-term borrowings	`ProceedsFromRepaymentsOfShortTermDebt`	$-700.00K	USD	3 Qtrs
Proceeds from revolving facility	`ProceedsFromLinesOfCredit`	$115.00M	USD	3 Qtrs
Proceeds from revolving facility	`ProceedsFromLinesOfCredit`	-	USD	3 Qtrs
Repayments of revolving facility	`RepaymentsOfLinesOfCredit`	-	USD	3 Qtrs
Repayments of revolving facility	`RepaymentsOfLinesOfCredit`	$115.00M	USD	3 Qtrs
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	3 Qtrs
Proceeds from issuance of senior notes	`ProceedsFromIssuanceOfLongTermDebt`	$400.00M	USD	3 Qtrs
Payments of other long-term debt	`RepaymentsOfLongTermDebt`	$417.70M	USD	3 Qtrs
Payments of other long-term debt	`RepaymentsOfLongTermDebt`	$26.70M	USD	3 Qtrs
Debt repayments, net	`ProceedsFromRepaymentsOfDebt`	$-18.00M	USD	3 Qtrs
Debt repayments, net	`ProceedsFromRepaymentsOfDebt`	$-27.40M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	$3.00M	USD	3 Qtrs
Debt issuance costs	`PaymentsOfDebtIssuanceCosts`	-	USD	3 Qtrs
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$59.60M	USD	3 Qtrs
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$75.50M	USD	3 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$69.80M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$179.70M	USD	3 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$30.00M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$46.10M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$30.00M	USD	3 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$63.80M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.80M	USD	3 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$100.00K	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-274.40M	USD	3 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-116.90M	USD	3 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.30M	USD	3 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-4.50M	USD	3 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-54.30M	USD	3 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-269.70M	USD	3 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`	$196.50M	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`	$236.30M	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`	$196.50M	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`	$236.30M	USD	Point-in-time

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