10-Q Filing

AVANOS MEDICAL, INC. CIK: 1606498 Q1 2015

Filing Information

Form Type	10-Q
Accession Number	`0001606498-15-000015`
Period End Date	20150331
Filing Date	20150505
Fiscal Year	2015
Fiscal Period	Q1
XBRL Instance	hyh-20150331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 32 Cash Flow Statement 50 Comprehensive Income 10

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$166.20M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$149.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.80M	USD	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$44.10M	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$233.90M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$226.50M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Inventories	`InventoryNet`	$293.00M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Inventories	`InventoryNet`	$283.10M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.54M	shares	Point-in-time
Current deferred income taxes and other current assets	`DeferredTaxAssetsNetofValuationAllowanceCurrentandOtherAssetsCurrent`	$17.40M	USD	Point-in-time
Current deferred income taxes and other current assets	`DeferredTaxAssetsNetofValuationAllowanceCurrentandOtherAssetsCurrent`	$18.90M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	46.54M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$703.10M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$684.90M	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.54M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	46.54M	shares	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$277.80M	USD	Point-in-time
Property, Plant and Equipment, Net	`PropertyPlantAndEquipmentNet`	$281.80M	USD	Point-in-time
Assets Held for Sale	`DisposalGroupIncludingDiscontinuedOperationLongLivedAssetsNoncurrent`	-	USD	Point-in-time
Assets Held for Sale	`DisposalGroupIncludingDiscontinuedOperationLongLivedAssetsNoncurrent`	$2.60M	USD	Point-in-time
Goodwill	`Goodwill`	$1.43B	USD	Point-in-time
Goodwill	`Goodwill`	$1.42B	USD	Point-in-time
Other Intangible Assets	`IntangibleAssetsNetExcludingGoodwill`	$101.80M	USD	Point-in-time
Other Intangible Assets	`IntangibleAssetsNetExcludingGoodwill`	$108.30M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$27.90M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$27.60M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.53B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.54B	USD	Point-in-time
Debt payable within one year	`DebtCurrent`	$3.90M	USD	Point-in-time
Debt payable within one year	`DebtCurrent`	$3.90M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$192.10M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$168.70M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$183.40M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$145.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$356.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$341.00M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$632.30M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$631.40M	USD	Point-in-time
Other Long-Term Liabilities	`LiabilitiesNoncurrent`	$52.20M	USD	Point-in-time
Other Long-Term Liabilities	`LiabilitiesNoncurrent`	$48.10M	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.04B	USD	Point-in-time
Total Liabilities	`Liabilities`	$1.02B	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock - $0.01 par value - authorized 20,000,000 shares, none issued	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock - $0.01 par value - authorized 20,000,000 shares, none issued	`PreferredStockValue`	-	USD	Point-in-time
Common stock - $0.01 par value - authorized 300,000,000 shares, 46,535,951 outstanding as of March 31, 2015 and December 31, 2014	`CommonStockValue`	$500.00K	USD	Point-in-time
Common stock - $0.01 par value - authorized 300,000,000 shares, 46,535,951 outstanding as of March 31, 2015 and December 31, 2014	`CommonStockValue`	$500.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.51B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.50B	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$29.00M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$7.30M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-25.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-19.10M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.51B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.49B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$2.54B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$2.53B	USD	Point-in-time

Income Statement 32 line items

Line Item	Tag	Value	Unit	Period
Net Sales (including related party sales of $0 and $21.3)	`SalesRevenueNet`	$394.20M	USD	1 Quarter
Net Sales (including related party sales of $0 and $21.3)	`SalesRevenueNet`	$410.70M	USD	1 Quarter
Cost of products sold (including related party purchases of $0 and $19.4)	`CostOfGoodsSold`	$255.70M	USD	1 Quarter
Cost of products sold (including related party purchases of $0 and $19.4)	`CostOfGoodsSold`	$262.10M	USD	1 Quarter
Gross Profit	`GrossProfit`	$155.00M	USD	1 Quarter
Gross Profit	`GrossProfit`	$132.10M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$6.00M	USD	1 Quarter
Research and development expenses	`ResearchAndDevelopmentExpense`	$8.30M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$85.50M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$97.20M	USD	1 Quarter
Other income, net	`OtherOperatingIncomeExpenseNet`	$12.00M	USD	1 Quarter
Other income, net	`OtherOperatingIncomeExpenseNet`	$500.00K	USD	1 Quarter
Operating Profit	`OperatingIncomeLoss`	$40.90M	USD	1 Quarter
Operating Profit	`OperatingIncomeLoss`	$61.70M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$100.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$1.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.30M	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$394.20M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$410.70M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.70M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$62.70M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$255.70M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$262.10M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$11.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$21.30M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$21.70M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$41.40M	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Basic	`EarningsPerShareBasic`	$0.89	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter
Diluted	`EarningsPerShareDiluted`	$0.89	USD	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$21.70M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$41.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.40M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$17.30M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$5.40M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$700.00K	USD	1 Quarter
Net (gain) loss on asset dispositions	`GainLossOnDispositionOfAssets1`	$-1.50M	USD	1 Quarter
Net (gain) loss on asset dispositions	`GainLossOnDispositionOfAssets1`	$12.10M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-5.40M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.50M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.90M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$2.10M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-600.00K	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$-7.90M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$36.50M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-26.50M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-34.00M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-600.00K	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$2.70M	USD	1 Quarter
Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$39.70M	USD	1 Quarter
Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$25.60M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$27.70M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$7.50M	USD	1 Quarter
Proceeds from property dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Proceeds from property dispositions	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.70M	USD	1 Quarter
Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.00M	USD	1 Quarter
Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-7.50M	USD	1 Quarter
Debt proceeds	`ProceedsFromIssuanceOfLongTermDebt`	$300.00K	USD	1 Quarter
Debt proceeds	`ProceedsFromIssuanceOfLongTermDebt`	-	USD	1 Quarter
Debt repayments	`RepaymentsOfLongTermDebt`	$1.00M	USD	1 Quarter
Debt repayments	`RepaymentsOfLongTermDebt`	$2.90M	USD	1 Quarter
Change in Kimberly-Clark's net investment	`DecreaseIncreaseinParentCompanysNetInvestment`	$24.40M	USD	1 Quarter
Change in Kimberly-Clark's net investment	`DecreaseIncreaseinParentCompanysNetInvestment`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$900.00K	USD	1 Quarter
Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-26.10M	USD	1 Quarter
Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.00M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.50M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-300.00K	USD	1 Quarter
Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$17.20M	USD	1 Quarter
Increase (Decrease) in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-8.30M	USD	1 Quarter
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$166.20M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$149.00M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$35.80M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$44.10M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$166.20M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$149.00M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$35.80M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$44.10M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$21.70M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$41.40M	USD	1 Quarter
Unrealized currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-6.80M	USD	1 Quarter
Unrealized currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.60M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$300.00K	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$2.40M	USD	1 Quarter
Total Other Comprehensive (Loss) Income, Net of Tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$5.00M	USD	1 Quarter
Total Other Comprehensive (Loss) Income, Net of Tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-6.50M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$15.20M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$46.40M	USD	1 Quarter

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