10-Q Filing

ALLEGION PLC CIK: 1579241 Q2 2021

Filing Information

Form Type	10-Q
Accession Number	`0001579241-21-000062`
Period End Date	20210630
Filing Date	20210722
Fiscal Year	2021
Fiscal Period	Q2
XBRL Instance	alle-20210630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 78 Cash Flow Statement 47

Balance Sheet 66 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`	89.77M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$480.40M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$460.20M	USD	Point-in-time
Ordinary shares, issued (in shares)	`CommonStockSharesIssued`	91.21M	shares	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$316.90M	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
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	89.77M	shares	Point-in-time
Inventories	`InventoryNet`	$283.10M	USD	Point-in-time
Inventories	`InventoryNet`	$310.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$53.90M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$57.10M	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`	$1.14B	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`	$286.80M	USD	Point-in-time
Goodwill	`Goodwill`	$819.00M	USD	Point-in-time
Goodwill	`Goodwill`	$810.80M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$487.10M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$464.20M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$354.10M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$323.40M	USD	Point-in-time
Total assets	`Assets`	$3.06B	USD	Point-in-time
Total assets	`Assets`	$3.07B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$220.40M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$233.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$331.00M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$293.70M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$200.00K	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$100.00K	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Liabilities held for sale	`LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$7.20M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$564.10M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$521.50M	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`	$285.90M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$278.30M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.24B	USD	Point-in-time
Total liabilities	`Liabilities`	$2.27B	USD	Point-in-time
Ordinary shares, $0.01 par value (89,765,421 and 91,212,741 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively)	`CommonStockValue`	$900.00K	USD	Point-in-time
Ordinary shares, $0.01 par value (89,765,421 and 91,212,741 shares issued and outstanding at June 30, 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`	$961.80M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$985.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-218.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-157.10M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-178.70M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-231.00M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$829.40M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$784.00M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.40M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$3.20M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$731.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$680.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$760.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$832.60M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$787.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$613.80M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.06B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.07B	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`	$589.50M	USD	1 Quarter
Net revenues	`Revenues`	$746.90M	USD	1 Quarter
Net revenues	`Revenues`	$1.44B	USD	2 Qtrs
Cost of goods sold	`CostOfGoodsAndServicesSold`	$426.40M	USD	1 Quarter
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`	$823.30M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$341.20M	USD	2 Qtrs
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$150.10M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$175.10M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$318.00M	USD	2 Qtrs
Impairment of goodwill and intangible assets	`AssetImpairmentCharges`	$96.30M	USD	2 Qtrs
Impairment of goodwill and intangible assets	`AssetImpairmentCharges`	-	USD	2 Qtrs
Impairment of goodwill and intangible assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of goodwill and intangible assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$96.50M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$145.40M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$276.70M	USD	2 Qtrs
Operating income	`OperatingIncomeLoss`	$125.40M	USD	2 Qtrs
Interest expense	`InterestExpense`	$13.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$12.40M	USD	1 Quarter
Interest expense	`InterestExpense`	$25.90M	USD	2 Qtrs
Interest expense	`InterestExpense`	$24.70M	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$3.20M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$4.40M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$400.00K	USD	2 Qtrs
Other income, net	`OtherNonoperatingIncomeExpense`	$6.70M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$258.70M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$136.20M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$99.90M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$87.90M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$17.40M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$31.70M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.20M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$25.70M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$227.00M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$73.70M	USD	1 Quarter
Net earnings	`ProfitLoss`	$500.00K	USD	1 Quarter
Net earnings	`ProfitLoss`	$118.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$74.20M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$108.20M	USD	1 Quarter
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$300.00K	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
Less: Net earnings attributable to noncontrolling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$226.70M	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`	$118.70M	USD	1 Quarter
Basic net earnings (in dollars per share)	`EarningsPerShareBasic`	$0.80	USD	2 Qtrs
Basic net earnings (in dollars per share)	`EarningsPerShareBasic`	$2.51	USD	2 Qtrs
Basic net earnings (in dollars per share)	`EarningsPerShareBasic`	$0.80	USD	1 Quarter
Basic net earnings (in dollars per share)	`EarningsPerShareBasic`	$1.32	USD	1 Quarter
Diluted net earnings (in dollars per share)	`EarningsPerShareDiluted`	$0.80	USD	2 Qtrs
Diluted net earnings (in dollars per share)	`EarningsPerShareDiluted`	$2.49	USD	2 Qtrs
Diluted net earnings (in dollars per share)	`EarningsPerShareDiluted`	$1.31	USD	1 Quarter
Diluted net earnings (in dollars per share)	`EarningsPerShareDiluted`	$0.80	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	90.40M	shares	2 Qtrs
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	90.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	92.30M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	92.50M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	90.90M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	92.70M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	93.00M	shares	2 Qtrs
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	90.60M	shares	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$94.30M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$205.50M	USD	2 Qtrs
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$129.30M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$61.40M	USD	2 Qtrs
Less: Total comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$400.00K	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	1 Quarter
Less: Total comprehensive income (loss) attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$-300.00K	USD	2 Qtrs
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$205.10M	USD	2 Qtrs
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$94.10M	USD	1 Quarter
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$129.10M	USD	1 Quarter
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$61.70M	USD	2 Qtrs

Cash Flow Statement 47 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$227.00M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$73.70M	USD	1 Quarter
Net earnings	`ProfitLoss`	$500.00K	USD	1 Quarter
Net earnings	`ProfitLoss`	$118.80M	USD	1 Quarter
Net earnings	`ProfitLoss`	$74.20M	USD	2 Qtrs
Net earnings	`ProfitLoss`	$108.20M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$41.90M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$39.70M	USD	2 Qtrs
Impairment of goodwill and intangible assets	`AssetImpairmentCharges`	$96.30M	USD	2 Qtrs
Impairment of goodwill and intangible assets	`AssetImpairmentCharges`	-	USD	2 Qtrs
Impairment of goodwill and intangible assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Impairment of goodwill and intangible assets	`AssetImpairmentCharges`	-	USD	1 Quarter
Changes in assets and liabilities and other non-cash items	`IncreaseDecreaseInOtherOperatingCapitalNet`	$82.20M	USD	2 Qtrs
Changes in assets and liabilities and other non-cash items	`IncreaseDecreaseInOtherOperatingCapitalNet`	$1.40M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$267.50M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$128.00M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$24.40M	USD	2 Qtrs
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$17.90M	USD	2 Qtrs
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$800.00K	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`	$-18.70M	USD	2 Qtrs
Short-term (repayments) borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$-100.00K	USD	2 Qtrs
Short-term (repayments) borrowings, net	`ProceedsFromRepaymentsOfShortTermDebt`	$600.00K	USD	2 Qtrs
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$64.60M	USD	2 Qtrs
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$58.70M	USD	2 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$199.80M	USD	2 Qtrs
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$94.10M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$50.10M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$149.70M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$94.10M	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-600.00K	USD	2 Qtrs
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$3.00M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-265.10M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-149.20M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-2.60M	USD	2 Qtrs
Effect of exchange rate changes on cash, cash equivalents and restricted cash	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-3.90M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-20.20M	USD	2 Qtrs
Net decrease in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-54.40M	USD	2 Qtrs
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$460.20M	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`	$304.30M	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`	$460.20M	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`	$304.30M	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.