10-Q Filing

ALLEGION PLC CIK: 1579241 Q1 2023

Filing Information

Form Type	10-Q
Accession Number	`0001579241-23-000023`
Period End Date	20230331
Filing Date	20230426
Fiscal Year	2023
Fiscal Period	Q1
XBRL Instance	alle-20230331_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 62 Income Statement 36 Cash Flow Statement 42

Balance Sheet 62 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`	87.85M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$292.80M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$288.00M	USD	Point-in-time
Ordinary shares, issued (in shares)	`CommonStockSharesIssued`	87.95M	shares	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	87.95M	shares	Point-in-time
Ordinary shares, outstanding (in shares)	`CommonStockSharesOutstanding`	87.85M	shares	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$445.00M	USD	Point-in-time
Accounts and notes receivable, net	`ReceivablesNetCurrent`	$395.60M	USD	Point-in-time
Inventories	`InventoryNet`	$479.00M	USD	Point-in-time
Inventories	`InventoryNet`	$472.70M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$42.90M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$48.50M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	$3.50M	USD	Point-in-time
Assets held for sale	`AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent`	-	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.21B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$1.25B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$308.70M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$319.60M	USD	Point-in-time
Goodwill	`Goodwill`	$1.44B	USD	Point-in-time
Goodwill	`Goodwill`	$1.41B	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$614.80M	USD	Point-in-time
Intangible assets, net	`IntangibleAssetsNetExcludingGoodwill`	$608.90M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$445.90M	USD	Point-in-time
Other noncurrent assets	`OtherAssetsNoncurrent`	$495.30M	USD	Point-in-time
Total assets	`Assets`	$4.12B	USD	Point-in-time
Total assets	`Assets`	$3.99B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$277.80M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$280.70M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$378.10M	USD	Point-in-time
Accrued expenses and other current liabilities	`AccruedLiabilitiesCurrent`	$410.30M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$12.60M	USD	Point-in-time
Short-term borrowings and current maturities of long-term debt	`DebtCurrent`	$12.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$703.60M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$668.50M	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.11B	USD	Point-in-time
Long-term debt	`LongTermDebtNoncurrent`	$2.08B	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$261.20M	USD	Point-in-time
Other noncurrent liabilities	`OtherLiabilitiesNoncurrent`	$302.00M	USD	Point-in-time
Total liabilities	`Liabilities`	$3.05B	USD	Point-in-time
Total liabilities	`Liabilities`	$3.08B	USD	Point-in-time
Ordinary shares, $0.01 par value (87,946,030 and 87,852,777 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively)	`CommonStockValue`	$900.00K	USD	Point-in-time
Ordinary shares, $0.01 par value (87,946,030 and 87,852,777 shares issued and outstanding at March 31, 2023 and December 31, 2022, respectively)	`CommonStockValue`	$900.00K	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$19.60M	USD	Point-in-time
Capital in excess of par value	`AdditionalPaidInCapitalCommonStock`	$13.90M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.21B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$1.30B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-275.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-194.40M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-285.80M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-215.40M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$941.80M	USD	Point-in-time
Total Allegion plc shareholders equity	`StockholdersEquity`	$1.04B	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$2.90M	USD	Point-in-time
Noncontrolling interests	`MinorityInterest`	$2.70M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$745.00M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$762.40M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$1.04B	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$944.50M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$3.99B	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$4.12B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net revenues	`Revenues`	$723.60M	USD	1 Quarter
Net revenues	`Revenues`	$923.00M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$532.00M	USD	1 Quarter
Cost of goods sold	`CostOfGoodsAndServicesSold`	$434.90M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$171.70M	USD	1 Quarter
Selling and administrative expenses	`SellingGeneralAndAdministrativeExpense`	$220.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$117.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$171.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$11.90M	USD	1 Quarter
Interest expense	`InterestExpense`	$23.60M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$2.20M	USD	1 Quarter
Other income, net	`OtherNonoperatingIncomeExpense`	$300.00K	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$107.30M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$147.70M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$14.20M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$24.10M	USD	1 Quarter
Net earnings	`ProfitLoss`	$123.60M	USD	1 Quarter
Net earnings	`ProfitLoss`	$93.10M	USD	1 Quarter
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`	$123.50M	USD	1 Quarter
Net earnings attributable to Allegion plc	`NetIncomeLoss`	$93.00M	USD	1 Quarter
Basic net earnings (in dollars per share)	`EarningsPerShareBasic`	$1.40	USD	1 Quarter
Basic net earnings (in dollars per share)	`EarningsPerShareBasic`	$1.05	USD	1 Quarter
Diluted net earnings (in dollars per share)	`EarningsPerShareDiluted`	$1.40	USD	1 Quarter
Diluted net earnings (in dollars per share)	`EarningsPerShareDiluted`	$1.05	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	88.20M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	88.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	88.60M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	88.40M	shares	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$72.10M	USD	1 Quarter
Total comprehensive income	`ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest`	$133.90M	USD	1 Quarter
Less: Total comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$100.00K	USD	1 Quarter
Less: Total comprehensive income attributable to noncontrolling interests	`ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest`	$200.00K	USD	1 Quarter
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$133.70M	USD	1 Quarter
Total comprehensive income attributable to Allegion plc	`ComprehensiveIncomeNetOfTax`	$72.00M	USD	1 Quarter

Cash Flow Statement 42 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`ProfitLoss`	$123.60M	USD	1 Quarter
Net earnings	`ProfitLoss`	$93.10M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$28.30M	USD	1 Quarter
Depreciation and amortization	`DepreciationAmortizationAndAccretionNet`	$20.40M	USD	1 Quarter
Changes in assets and liabilities and other non-cash items	`IncreaseDecreaseInOtherOperatingCapitalNet`	$82.90M	USD	1 Quarter
Changes in assets and liabilities and other non-cash items	`IncreaseDecreaseInOtherOperatingCapitalNet`	$93.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$69.00M	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$20.50M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$22.30M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$8.70M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	$36.60M	USD	1 Quarter
Acquisition of businesses, net of cash acquired	`PaymentsToAcquireBusinessesAndInterestInAffiliates`	-	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-2.40M	USD	1 Quarter
Other investing activities, net	`PaymentsForProceedsFromOtherInvestingActivities`	$-7.50M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-51.40M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-6.30M	USD	1 Quarter
Debt repayments, net	`ProceedsFromRepaymentsOfOtherDebt`	$-3.10M	USD	1 Quarter
Debt repayments, net	`ProceedsFromRepaymentsOfOtherDebt`	$-3.10M	USD	1 Quarter
Proceeds from 2021 Revolving Facility	`ProceedsFromLinesOfCredit`	-	USD	1 Quarter
Proceeds from 2021 Revolving Facility	`ProceedsFromLinesOfCredit`	$30.00M	USD	1 Quarter
Net proceeds from (repayments of) debt	`ProceedsFromRepaymentsOfDebt`	$-3.10M	USD	1 Quarter
Net proceeds from (repayments of) debt	`ProceedsFromRepaymentsOfDebt`	$26.90M	USD	1 Quarter
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$39.40M	USD	1 Quarter
Dividends paid to ordinary shareholders	`PaymentsOfDividendsCommonStock`	$35.80M	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	-	USD	1 Quarter
Repurchase of ordinary shares	`PaymentsForRepurchaseOfCommonStock`	$61.00M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-2.90M	USD	1 Quarter
Other financing activities, net	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.00M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-15.40M	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-104.90M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$2.60M	USD	1 Quarter
Effect of exchange rate changes on cash and cash equivalents	`EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$-2.10M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-92.80M	USD	1 Quarter
Net increase (decrease) in cash and cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$4.80M	USD	1 Quarter
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$288.00M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$305.10M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$397.90M	USD	Point-in-time
Cash and cash equivalents - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$292.80M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$288.00M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$305.10M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$397.90M	USD	Point-in-time
Cash and cash equivalents - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$292.80M	USD	Point-in-time

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