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10-Q Filing

ALLEGION PLC CIK: 1579241 Q3 2023
Filing Information
Form Type 10-Q
Accession Number 0001579241-23-000050
Period End Date 20230930
Filing Date 20231031
Fiscal Year 2023
Fiscal Period Q3
XBRL Instance alle-20230930_htm.xml
Filing Contents

This filing contains the following financial statements:

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
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $288.00M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $364.30M USD Point-in-time
Ordinary shares, issued (in shares) CommonStockSharesIssued 87.79M shares Point-in-time
Ordinary shares, issued (in shares) CommonStockSharesIssued 87.85M shares Point-in-time
Accounts and notes receivable, net ReceivablesNetCurrent $439.70M USD Point-in-time
Accounts and notes receivable, net ReceivablesNetCurrent $395.60M USD Point-in-time
Ordinary shares, outstanding (in shares) CommonStockSharesOutstanding 87.79M shares Point-in-time
Ordinary shares, outstanding (in shares) CommonStockSharesOutstanding 87.85M shares Point-in-time
Inventories InventoryNet $479.00M USD Point-in-time
Inventories InventoryNet $468.70M USD Point-in-time
Other current assets OtherAssetsCurrent $47.40M USD Point-in-time
Other current assets OtherAssetsCurrent $48.50M USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent - USD Point-in-time
Assets held for sale AssetsOfDisposalGroupIncludingDiscontinuedOperationCurrent $3.50M USD Point-in-time
Total current assets AssetsCurrent $1.32B USD Point-in-time
Total current assets AssetsCurrent $1.21B USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $308.70M USD Point-in-time
Property, plant and equipment, net PropertyPlantAndEquipmentNet $334.90M USD Point-in-time
Goodwill Goodwill $1.41B USD Point-in-time
Goodwill Goodwill $1.43B USD Point-in-time
Intangible assets, net IntangibleAssetsNetExcludingGoodwill $580.30M 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 $519.70M USD Point-in-time
Total assets Assets $4.18B USD Point-in-time
Total assets Assets $3.99B USD Point-in-time
Accounts payable AccountsPayableCurrent $245.70M USD Point-in-time
Accounts payable AccountsPayableCurrent $280.70M USD Point-in-time
Accrued expenses and other current liabilities AccruedLiabilitiesCurrent $391.50M 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 $649.80M USD Point-in-time
Total current liabilities LiabilitiesCurrent $703.60M USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.08B USD Point-in-time
Long-term debt LongTermDebtNoncurrent $2.01B USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $261.20M USD Point-in-time
Other noncurrent liabilities OtherLiabilitiesNoncurrent $296.80M USD Point-in-time
Total liabilities Liabilities $2.95B USD Point-in-time
Total liabilities Liabilities $3.05B USD Point-in-time
Ordinary shares, $0.01 par value (87,787,306 and 87,852,777 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively) CommonStockValue $900.00K USD Point-in-time
Ordinary shares, $0.01 par value (87,787,306 and 87,852,777 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively) CommonStockValue $900.00K USD Point-in-time
Capital in excess of par value AdditionalPaidInCapitalCommonStock $11.80M 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 $1.52B USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-332.50M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-285.80M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-296.70M USD Point-in-time
Accumulated other comprehensive loss AccumulatedOtherComprehensiveIncomeLossNetOfTax $-194.40M USD Point-in-time
Total Allegion plc shareholders equity StockholdersEquity $941.80M USD Point-in-time
Total Allegion plc shareholders equity StockholdersEquity $1.23B USD Point-in-time
Noncontrolling interests MinorityInterest $-700.00K USD Point-in-time
Noncontrolling interests MinorityInterest $2.70M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.23B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $779.70M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $944.50M 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 $745.00M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $793.60M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $1.14B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $3.99B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $4.18B USD Point-in-time
Income Statement 80 line items
Line Item Tag Value Unit Period
Net revenues Revenues $2.75B USD 3 Qtrs
Net revenues Revenues $917.90M USD 1 Quarter
Net revenues Revenues $913.70M USD 1 Quarter
Net revenues Revenues $2.41B USD 3 Qtrs
Cost of goods sold CostOfGoodsAndServicesSold $1.44B USD 3 Qtrs
Cost of goods sold CostOfGoodsAndServicesSold $545.70M USD 1 Quarter
Cost of goods sold CostOfGoodsAndServicesSold $1.56B USD 3 Qtrs
Cost of goods sold CostOfGoodsAndServicesSold $514.60M USD 1 Quarter
Selling and administrative expenses SellingGeneralAndAdministrativeExpense $647.50M USD 3 Qtrs
Selling and administrative expenses SellingGeneralAndAdministrativeExpense $205.10M USD 1 Quarter
Selling and administrative expenses SellingGeneralAndAdministrativeExpense $544.70M USD 3 Qtrs
Selling and administrative expenses SellingGeneralAndAdministrativeExpense $210.20M USD 1 Quarter
Operating income OperatingIncomeLoss $193.10M USD 1 Quarter
Operating income OperatingIncomeLoss $548.70M USD 3 Qtrs
Operating income OperatingIncomeLoss $427.00M USD 3 Qtrs
Operating income OperatingIncomeLoss $162.90M USD 1 Quarter
Interest expense InterestExpense $23.10M USD 1 Quarter
Interest expense InterestExpense $70.20M USD 3 Qtrs
Interest expense InterestExpense $52.20M USD 3 Qtrs
Interest expense InterestExpense $22.90M USD 1 Quarter
Loss on divestitures GainLossOnSaleOfBusiness $-7.60M USD 3 Qtrs
Loss on divestitures GainLossOnSaleOfBusiness - USD 1 Quarter
Loss on divestitures GainLossOnSaleOfBusiness $-7.60M USD 1 Quarter
Loss on divestitures GainLossOnSaleOfBusiness - USD 3 Qtrs
Other expense (income), net OtherNonoperatingIncomeExpense $1.80M USD 3 Qtrs
Other expense (income), net OtherNonoperatingIncomeExpense $-100.00K USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $1.50M USD 1 Quarter
Other expense (income), net OtherNonoperatingIncomeExpense $7.10M USD 3 Qtrs
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $170.10M USD 1 Quarter
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $374.30M USD 3 Qtrs
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $480.30M USD 3 Qtrs
Earnings before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $133.70M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $51.40M USD 3 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $58.30M USD 3 Qtrs
Provision for income taxes IncomeTaxExpenseBenefit $13.70M USD 1 Quarter
Provision for income taxes IncomeTaxExpenseBenefit $19.10M USD 1 Quarter
Net earnings ProfitLoss $114.60M USD 1 Quarter
Net earnings ProfitLoss $115.20M USD 1 Quarter
Net earnings ProfitLoss $322.90M USD 3 Qtrs
Net earnings ProfitLoss $156.40M USD 1 Quarter
Net earnings ProfitLoss $422.00M USD 3 Qtrs
Net earnings ProfitLoss $123.60M USD 1 Quarter
Net earnings ProfitLoss $93.10M USD 1 Quarter
Net earnings ProfitLoss $142.00M USD 1 Quarter
Less: Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest - USD 1 Quarter
Less: Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $200.00K USD 3 Qtrs
Less: Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $200.00K USD 3 Qtrs
Less: Net earnings attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $100.00K USD 1 Quarter
Net earnings attributable to Allegion plc NetIncomeLoss $156.30M USD 1 Quarter
Net earnings attributable to Allegion plc NetIncomeLoss $322.70M USD 3 Qtrs
Net earnings attributable to Allegion plc NetIncomeLoss $421.80M USD 3 Qtrs
Net earnings attributable to Allegion plc NetIncomeLoss $114.60M USD 1 Quarter
Basic net earnings (in dollars per share) EarningsPerShareBasic $1.30 USD 1 Quarter
Basic net earnings (in dollars per share) EarningsPerShareBasic $1.78 USD 1 Quarter
Basic net earnings (in dollars per share) EarningsPerShareBasic $4.80 USD 3 Qtrs
Basic net earnings (in dollars per share) EarningsPerShareBasic $3.67 USD 3 Qtrs
Diluted net earnings (in dollars per share) EarningsPerShareDiluted $4.78 USD 3 Qtrs
Diluted net earnings (in dollars per share) EarningsPerShareDiluted $1.77 USD 1 Quarter
Diluted net earnings (in dollars per share) EarningsPerShareDiluted $3.65 USD 3 Qtrs
Diluted net earnings (in dollars per share) EarningsPerShareDiluted $1.30 USD 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 88.00M shares 3 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 87.90M shares 3 Qtrs
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 87.90M shares 1 Quarter
Basic (in shares) WeightedAverageNumberOfSharesOutstandingBasic 87.90M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 88.20M shares 1 Quarter
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 88.30M shares 3 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 88.40M shares 3 Qtrs
Diluted (in shares) WeightedAverageNumberOfDilutedSharesOutstanding 88.20M shares 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $127.20M USD 1 Quarter
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $411.00M USD 3 Qtrs
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $183.80M USD 3 Qtrs
Total comprehensive income ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $46.30M USD 1 Quarter
Less: Total comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $800.00K USD 1 Quarter
Less: Total comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-400.00K USD 1 Quarter
Less: Total comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $-800.00K USD 3 Qtrs
Less: Total comprehensive income (loss) attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $100.00K USD 3 Qtrs
Total comprehensive income attributable to Allegion plc ComprehensiveIncomeNetOfTax $126.40M USD 1 Quarter
Total comprehensive income attributable to Allegion plc ComprehensiveIncomeNetOfTax $184.60M USD 3 Qtrs
Total comprehensive income attributable to Allegion plc ComprehensiveIncomeNetOfTax $46.70M USD 1 Quarter
Total comprehensive income attributable to Allegion plc ComprehensiveIncomeNetOfTax $410.90M USD 3 Qtrs
Cash Flow Statement 58 line items
Line Item Tag Value Unit Period
Net earnings ProfitLoss $114.60M USD 1 Quarter
Net earnings ProfitLoss $115.20M USD 1 Quarter
Net earnings ProfitLoss $322.90M USD 3 Qtrs
Net earnings ProfitLoss $156.40M USD 1 Quarter
Net earnings ProfitLoss $422.00M USD 3 Qtrs
Net earnings ProfitLoss $123.60M USD 1 Quarter
Net earnings ProfitLoss $93.10M USD 1 Quarter
Net earnings ProfitLoss $142.00M USD 1 Quarter
Depreciation and amortization DepreciationAmortizationAndAccretionNet $69.60M USD 3 Qtrs
Depreciation and amortization DepreciationAmortizationAndAccretionNet $83.70M USD 3 Qtrs
Loss on divestitures DisposalGroupNotDiscontinuedOperationGainLossOnDisposal - USD 3 Qtrs
Loss on divestitures DisposalGroupNotDiscontinuedOperationGainLossOnDisposal $-7.10M USD 3 Qtrs
Changes in assets and liabilities and other non-cash items IncreaseDecreaseInOtherOperatingCapitalNet $124.60M USD 3 Qtrs
Changes in assets and liabilities and other non-cash items IncreaseDecreaseInOtherOperatingCapitalNet $132.50M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $267.10M USD 3 Qtrs
Net cash provided by operating activities NetCashProvidedByUsedInOperatingActivities $381.10M USD 3 Qtrs
Capital expenditures PaymentsToAcquireProductiveAssets $60.70M USD 3 Qtrs
Capital expenditures PaymentsToAcquireProductiveAssets $41.50M USD 3 Qtrs
Acquisition of businesses, net of cash acquired PaymentsToAcquireBusinessesAndInterestInAffiliates $923.10M USD 3 Qtrs
Acquisition of businesses, net of cash acquired PaymentsToAcquireBusinessesAndInterestInAffiliates $31.70M USD 3 Qtrs
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $1.30M USD 3 Qtrs
Other investing activities, net PaymentsForProceedsFromOtherInvestingActivities $-9.00M USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-83.40M USD 3 Qtrs
Net cash used in investing activities NetCashProvidedByUsedInInvestingActivities $-965.90M USD 3 Qtrs
Debt repayments, net ProceedsFromRepaymentsOfOtherDebt $-9.50M USD 3 Qtrs
Debt repayments, net ProceedsFromRepaymentsOfOtherDebt $-9.40M USD 3 Qtrs
Proceeds from 2021 Revolving Facility ProceedsFromLinesOfCredit $340.00M USD 3 Qtrs
Proceeds from 2021 Revolving Facility ProceedsFromLinesOfCredit $30.00M USD 3 Qtrs
Repayments of 2021 Revolving Facility RepaymentsOfLinesOfCredit $99.00M USD 3 Qtrs
Repayments of 2021 Revolving Facility RepaymentsOfLinesOfCredit $141.00M USD 3 Qtrs
Proceeds from issuance of senior notes ProceedsFromIssuanceOfLongTermDebt $600.00M USD 3 Qtrs
Proceeds from issuance of senior notes ProceedsFromIssuanceOfLongTermDebt - USD 3 Qtrs
Net proceeds (repayments of) from debt ProceedsFromRepaymentsOfDebt $789.60M USD 3 Qtrs
Net proceeds (repayments of) from debt ProceedsFromRepaymentsOfDebt $-78.50M USD 3 Qtrs
Debt financing costs PaymentsOfDebtIssuanceCosts $10.20M USD 3 Qtrs
Debt financing costs PaymentsOfDebtIssuanceCosts - USD 3 Qtrs
Dividends paid to ordinary shareholders PaymentsOfDividendsCommonStock $119.20M USD 3 Qtrs
Dividends paid to ordinary shareholders PaymentsOfDividendsCommonStock $107.90M USD 3 Qtrs
Repurchase of ordinary shares PaymentsForRepurchaseOfCommonStock $61.00M USD 3 Qtrs
Repurchase of ordinary shares PaymentsForRepurchaseOfCommonStock $19.90M USD 3 Qtrs
Repurchase of ordinary shares PaymentsForRepurchaseOfCommonStock $19.90M USD 1 Quarter
Repurchase of ordinary shares PaymentsForRepurchaseOfCommonStock $61.00M USD 1 Quarter
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $-2.30M USD 3 Qtrs
Other financing activities, net ProceedsFromPaymentsForOtherFinancingActivities $-4.40M USD 3 Qtrs
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $606.10M USD 3 Qtrs
Net cash (used in) provided by financing activities NetCashProvidedByUsedInFinancingActivities $-219.90M USD 3 Qtrs
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-23.00M USD 3 Qtrs
Effect of exchange rate changes on cash and cash equivalents EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $-1.50M USD 3 Qtrs
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $-115.70M USD 3 Qtrs
Net increase (decrease) in cash and cash equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect $76.30M USD 3 Qtrs
Cash and cash equivalents - beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $397.90M USD Point-in-time
Cash and cash equivalents - beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $364.30M USD Point-in-time
Cash and cash equivalents - beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $288.00M USD Point-in-time
Cash and cash equivalents - beginning of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $282.20M 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 $364.30M 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 $282.20M USD Point-in-time

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

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