10-Q Filing

ALLEGION PLC CIK: 1579241 Q1 2021

Filing Information

Form Type	10-Q
Accession Number	`0001579241-21-000043`
Period End Date	20210331
Filing Date	20210422
Fiscal Year	2021
Fiscal Period	Q1
XBRL Instance	alle-20210331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 64 Income Statement 38 Cash Flow Statement 38

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
Ordinary shares, issued (in shares)	`CommonStockSharesIssued`	90.05M	shares	Point-in-time
Ordinary shares, issued (in shares)	`CommonStockSharesIssued`	91.21M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$394.30M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$480.40M	USD	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	90.05M	shares	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$312.60M	USD	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$321.80M	USD	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	91.21M	shares	Point-in-time
Inventories	`InventoryNet`	$283.10M	USD	Point-in-time
Inventories	`InventoryNet`	$289.90M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$51.20M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$53.90M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$5.80M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.05B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.15B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$294.90M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$285.70M	USD	Point-in-time
Goodwill	`Goodwill`	$807.80M	USD	Point-in-time
Goodwill	`Goodwill`	$819.00M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$487.10M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$467.40M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$339.00M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$323.40M	USD	Point-in-time
Total assets	`Assets`	$3.07B	USD	Point-in-time
Total assets	`Assets`	$2.95B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$220.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$209.80M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$293.70M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$295.70M	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`	$200.00K	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$7.20M	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$521.50M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$505.60M	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`	$281.50M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$285.90M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.22B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.24B	USD	Point-in-time
Ordinary shares, $0.01 par value (90,048,623 and 91,212,741 shares issued and outstanding at March 31, 2021 and December 31, 2020, respectively)	`CommonStockValue`	$900.00K	USD	Point-in-time
Ordinary shares, $0.01 par value (90,048,623 and 91,212,741 shares issued and outstanding at March 31, 2021 and December 31, 2020, 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`	$985.60M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$915.90M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-157.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-189.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-251.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-218.60M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$829.40M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$727.70M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.20M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.30M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$731.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$832.60M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$613.80M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$760.40M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.07B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$2.95B	USD	Point-in-time

Income Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	$694.30M	USD	1 Quarter
Net revenues	`Revenues`	$674.70M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$396.90M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$381.60M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$167.90M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$166.10M	USD	1 Quarter
Impairment of goodwill and intangible assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of goodwill and intangible assets	`AssetImpairmentCharges`	$96.30M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$28.90M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$131.30M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.30M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$3.50M	USD	1 Quarter
Other (income) expense, net	`OtherNonoperatingIncomeExpense`	$-4.00M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$12.00M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$122.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.50M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.30M	USD	1 Quarter
Net earnings	`ProfitLoss`	$500.00K	USD	1 Quarter
Net earnings	`ProfitLoss`	$108.20M	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$200.00K	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$400.00K	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$108.00M	USD	1 Quarter
Basic net earnings (in dollars per share)	`EarningsPerShareBasic`	-	USD	1 Quarter
Basic net earnings (in dollars per share)	`EarningsPerShareBasic`	$1.19	USD	1 Quarter
Diluted net earnings (in dollars per share)	`EarningsPerShareDiluted`	-	USD	1 Quarter
Diluted net earnings (in dollars per share)	`EarningsPerShareDiluted`	$1.18	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	92.70M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	90.70M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.30M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	91.20M	shares	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$76.20M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$-32.90M	USD	1 Quarter
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`	$-500.00K	USD	1 Quarter
Total comprehensive income (loss) attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$-32.40M	USD	1 Quarter
Total comprehensive income (loss) attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$76.00M	USD	1 Quarter

Cash Flow Statement 38 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$500.00K	USD	1 Quarter
Net earnings	`ProfitLoss`	$108.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$21.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$19.80M	USD	1 Quarter
Impairment of goodwill and intangible assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of goodwill and intangible assets	`AssetImpairmentCharges`	$96.30M	USD	1 Quarter
Changes in assets and liabilities and other non-cash items	`IncreaseDecreaseInOtherOperatingCapitalNet`	$17.80M	USD	1 Quarter
Changes in assets and liabilities and other non-cash items	`IncreaseDecreaseInOtherOperatingCapitalNet`	$85.80M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$111.80M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$30.80M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$6.30M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$11.80M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$7.00M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-1.70M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-4.60M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-18.80M	USD	1 Quarter
Short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	-	USD	1 Quarter
Short-term borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$3.20M	USD	1 Quarter
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$32.50M	USD	1 Quarter
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$29.00M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$94.10M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$149.70M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$3.10M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-116.80M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-187.20M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-6.10M	USD	1 Quarter
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-5.20M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-86.10M	USD	1 Quarter
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-110.00M	USD	1 Quarter
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$394.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$480.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.70M	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 - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$394.30M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$480.40M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$248.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$358.70M	USD	Point-in-time

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