10-Q Filing

ALLEGION PLC CIK: 1579241 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001579241-20-000061`
Period End Date	20200630
Filing Date	20200723
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	alle-20200630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 78 Cash Flow Statement 53

Balance Sheet 64 line items

Line Item	Tag	Value	Unit	Period
Ordinary shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Ordinary shares, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$302.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$355.30M	USD	Point-in-time
Ordinary shares, issued (in shares)	`CommonStockSharesIssued`	92.72M	shares	Point-in-time
Ordinary shares, issued (in shares)	`CommonStockSharesIssued`	92.23M	shares	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	92.72M	shares	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	92.23M	shares	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$3.40M	USD	Point-in-time
Restricted cash	`RestrictedCashCurrent`	$1.90M	USD	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$329.80M	USD	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$329.20M	USD	Point-in-time
Inventories	`InventoryNet`	$269.90M	USD	Point-in-time
Inventories	`InventoryNet`	$293.60M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$43.40M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$50.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$977.10M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.00B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$292.50M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$291.40M	USD	Point-in-time
Goodwill	`Goodwill`	$777.70M	USD	Point-in-time
Goodwill	`Goodwill`	$873.30M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$510.90M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$488.90M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$289.80M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$297.70M	USD	Point-in-time
Total assets	`Assets`	$2.83B	USD	Point-in-time
Total assets	`Assets`	$2.97B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$195.50M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$221.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$267.40M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$285.90M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$100.00K	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$800.00K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$507.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$463.70M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.43B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$1.43B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$261.70M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$272.20M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.21B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.15B	USD	Point-in-time
Ordinary shares, $0.01 par value (92,233,032 and 92,723,682 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively)	`CommonStockValue`	$900.00K	USD	Point-in-time
Ordinary shares, $0.01 par value (92,233,032 and 92,723,682 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively)	`CommonStockValue`	$900.00K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$1.60M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	-	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$975.10M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$906.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-233.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-218.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-231.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-223.50M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$757.40M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$677.50M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$2.50M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$613.80M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$760.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$637.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$663.60M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$654.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$680.00M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.97B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.83B	USD	Point-in-time

Income Statement 78 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	$1.26B	USD	2 Qtrs
Net revenues	`Revenues`	$1.39B	USD	2 Qtrs
Net revenues	`Revenues`	$731.20M	USD	1 Quarter
Net revenues	`Revenues`	$589.50M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$788.60M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$342.90M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$724.50M	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$410.50M	USD	1 Quarter
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`	$150.10M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$318.00M	USD	2 Qtrs
Impairment of goodwill and indefinite-lived trade names	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of goodwill and indefinite-lived trade names	`AssetImpairmentCharges`	$96.30M	USD	2 Qtrs
Impairment of goodwill and indefinite-lived trade names	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of goodwill and indefinite-lived trade names	`AssetImpairmentCharges`	-	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$96.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$145.70M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$125.40M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$253.70M	USD	2 Qtrs
Interest expense	`InterestExpense`	$27.10M	USD	2 Qtrs
Interest expense	`InterestExpense`	$25.90M	USD	2 Qtrs
Interest expense	`InterestExpense`	$13.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$13.40M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$400.00K	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$400.00K	USD	2 Qtrs
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-700.00K	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$4.40M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$87.90M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$227.00M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$99.90M	USD	2 Qtrs
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`	$25.70M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.20M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$37.30M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$109.40M	USD	1 Quarter
Net earnings	`ProfitLoss`	$80.30M	USD	1 Quarter
Net earnings	`ProfitLoss`	$74.20M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$73.70M	USD	1 Quarter
Net earnings	`ProfitLoss`	$500.00K	USD	1 Quarter
Net earnings	`ProfitLoss`	$189.70M	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
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	-	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	2 Qtrs
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$189.50M	USD	2 Qtrs
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$74.10M	USD	2 Qtrs
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$73.70M	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$109.30M	USD	1 Quarter
Basic net earnings (in dollars per share)	`EarningsPerShareBasic`	$2.01	USD	2 Qtrs
Basic net earnings (in dollars per share)	`EarningsPerShareBasic`	$0.80	USD	1 Quarter
Basic net earnings (in dollars per share)	`EarningsPerShareBasic`	$1.17	USD	1 Quarter
Basic net earnings (in dollars per share)	`EarningsPerShareBasic`	$0.80	USD	2 Qtrs
Diluted net earnings (in dollars per share)	`EarningsPerShareDiluted`	$0.80	USD	1 Quarter
Diluted net earnings (in dollars per share)	`EarningsPerShareDiluted`	$0.80	USD	2 Qtrs
Diluted net earnings (in dollars per share)	`EarningsPerShareDiluted`	$2.00	USD	2 Qtrs
Diluted net earnings (in dollars per share)	`EarningsPerShareDiluted`	$1.16	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	92.50M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	93.80M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	94.10M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	92.30M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.50M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.00M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	94.80M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.70M	shares	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$114.50M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$180.10M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$61.40M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$94.30M	USD	1 Quarter
Less: Total comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-500.00K	USD	1 Quarter
Less: Total comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-300.00K	USD	2 Qtrs
Less: Total comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$200.00K	USD	1 Quarter
Less: Total comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$200.00K	USD	2 Qtrs
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$94.10M	USD	1 Quarter
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$115.00M	USD	1 Quarter
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$61.70M	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`	$109.40M	USD	1 Quarter
Net earnings	`ProfitLoss`	$80.30M	USD	1 Quarter
Net earnings	`ProfitLoss`	$74.20M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$73.70M	USD	1 Quarter
Net earnings	`ProfitLoss`	$500.00K	USD	1 Quarter
Net earnings	`ProfitLoss`	$189.70M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$41.40M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$39.70M	USD	2 Qtrs
Impairment of goodwill and indefinite-lived trade names	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of goodwill and indefinite-lived trade names	`AssetImpairmentCharges`	$96.30M	USD	2 Qtrs
Impairment of goodwill and indefinite-lived trade names	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of goodwill and indefinite-lived trade names	`AssetImpairmentCharges`	-	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`	$82.20M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$128.00M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$107.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$24.40M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$29.30M	USD	2 Qtrs
Acquisition of and equity investments in businesses, net of cash acquired	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	-	USD	2 Qtrs
Acquisition of and equity investments in businesses, net of cash acquired	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$4.60M	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$2.30M	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$6.20M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-30.60M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-36.20M	USD	2 Qtrs
Short-term borrowings (repayments), net	`ProceedsFromRepaymentsOfShortTermDebt`	$600.00K	USD	2 Qtrs
Short-term borrowings (repayments), net	`ProceedsFromRepaymentsOfShortTermDebt`	$-200.00K	USD	2 Qtrs
Payments of other long-term debt	`RepaymentsOfLongTermDebt`	$17.70M	USD	2 Qtrs
Payments of other long-term debt	`RepaymentsOfLongTermDebt`	-	USD	2 Qtrs
Debt proceeds (repayments), net	`ProceedsFromRepaymentsOfDebt`	$600.00K	USD	2 Qtrs
Debt proceeds (repayments), net	`ProceedsFromRepaymentsOfDebt`	$-17.90M	USD	2 Qtrs
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$50.50M	USD	2 Qtrs
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$58.70M	USD	2 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$94.10M	USD	2 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$94.10M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$69.80M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$133.60M	USD	2 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$63.80M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$1.40M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$3.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-149.20M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-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`	$-2.60M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-54.40M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-129.40M	USD	2 Qtrs
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`	$358.70M	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`	$304.30M	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`	$358.70M	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`	$304.30M	USD	Point-in-time

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