10-Q Filing

AVANOS MEDICAL, INC. CIK: 1606498 Q1 2016

Filing Information

Form Type	10-Q
Accession Number	`0001606498-16-000078`
Period End Date	20160331
Filing Date	20160509
Fiscal Year	2016
Fiscal Period	Q1
XBRL Instance	hyh-20160331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 28 Cash Flow Statement 44 Comprehensive Income 10

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Preferred stock, par value (in dollar per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, par value (in dollar per share)	`PreferredStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$149.00M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$166.20M	USD	Point-in-time
Preferred stock, shares issued (in shares)	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$165.10M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$129.50M	USD	Point-in-time
Common stock, par value (in dollar per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Accounts receivable, net of allowances	`AccountsReceivableNetCurrent`	$224.70M	USD	Point-in-time
Accounts receivable, net of allowances	`AccountsReceivableNetCurrent`	$206.30M	USD	Point-in-time
Common stock, par value (in dollar per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Inventories	`InventoryNet`	$308.40M	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	300.00M	shares	Point-in-time
Inventories	`InventoryNet`	$303.20M	USD	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$26.80M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	46.61M	shares	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	46.61M	shares	Point-in-time
Prepaid expenses and other current assets	`PrepaidExpenseAndOtherAssetsCurrent`	$18.60M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	46.61M	shares	Point-in-time
Total Current Assets	`AssetsCurrent`	$676.00M	USD	Point-in-time
Total Current Assets	`AssetsCurrent`	$706.60M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	46.61M	shares	Point-in-time
Property, Plant and Equipment, net	`PropertyPlantAndEquipmentNet`	$279.50M	USD	Point-in-time
Property, Plant and Equipment, net	`PropertyPlantAndEquipmentNet`	$275.60M	USD	Point-in-time
Goodwill	`Goodwill`	$945.20M	USD	Point-in-time
Goodwill	`Goodwill`	$946.80M	USD	Point-in-time
Other Intangible Assets, net	`IntangibleAssetsNetExcludingGoodwill`	$82.60M	USD	Point-in-time
Other Intangible Assets, net	`IntangibleAssetsNetExcludingGoodwill`	$77.40M	USD	Point-in-time
Deferred Tax Assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$11.30M	USD	Point-in-time
Deferred Tax Assets	`DeferredTaxAssetsLiabilitiesNetNoncurrent`	$14.90M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$2.00M	USD	Point-in-time
Other Assets	`OtherAssetsNoncurrent`	$2.00M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.00B	USD	Point-in-time
TOTAL ASSETS	`Assets`	$2.02B	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$181.10M	USD	Point-in-time
Trade accounts payable	`AccountsPayableCurrent`	$163.20M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$128.20M	USD	Point-in-time
Accrued expenses	`AccruedLiabilitiesCurrent`	$152.00M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$309.30M	USD	Point-in-time
Total Current Liabilities	`LiabilitiesCurrent`	$315.20M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$578.10M	USD	Point-in-time
Long-Term Debt	`LongTermDebtNoncurrent`	$578.50M	USD	Point-in-time
Deferred Tax Liabilities	`DeferredTaxLiabilitiesNoncurrent`	$23.90M	USD	Point-in-time
Deferred Tax Liabilities	`DeferredTaxLiabilitiesNoncurrent`	$23.80M	USD	Point-in-time
Other Long-Term Liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$27.80M	USD	Point-in-time
Other Long-Term Liabilities	`LiabilitiesOtherThanLongtermDebtNoncurrent`	$28.20M	USD	Point-in-time
Total Liabilities	`Liabilities`	$939.90M	USD	Point-in-time
Total Liabilities	`Liabilities`	$944.90M	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, 46,614,947 outstanding at March 31, 2016 and December 31, 2015	`CommonStockValue`	$500.00K	USD	Point-in-time
Common stock - $0.01 par value - authorized 300,000,000 shares, 46,614,947 outstanding at March 31, 2016 and December 31, 2015	`CommonStockValue`	$500.00K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.52B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$1.52B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-419.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-404.80M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.00M	USD	Point-in-time
Treasury stock	`TreasuryStockValue`	$1.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-36.60M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-43.20M	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.06B	USD	Point-in-time
Total Stockholders Equity	`StockholdersEquity`	$1.08B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$2.02B	USD	Point-in-time
TOTAL LIABILITIES AND STOCKHOLDERS EQUITY	`LiabilitiesAndStockholdersEquity`	$2.00B	USD	Point-in-time

Income Statement 28 line items

Line Item	Tag	Value	Unit	Period
Net Sales	`SalesRevenueNet`	$384.80M	USD	1 Quarter
Net Sales	`SalesRevenueNet`	$394.20M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$248.30M	USD	1 Quarter
Cost of products sold	`CostOfGoodsSold`	$262.10M	USD	1 Quarter
Gross Profit	`GrossProfit`	$136.50M	USD	1 Quarter
Gross Profit	`GrossProfit`	$132.10M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$8.70M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$6.00M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$92.80M	USD	1 Quarter
Selling and general expenses	`SellingGeneralAndAdministrativeExpense`	$97.20M	USD	1 Quarter
Other expense and (income), net	`OtherOperatingIncomeExpenseNet`	$12.00M	USD	1 Quarter
Other expense and (income), net	`OtherOperatingIncomeExpenseNet`	$-1.90M	USD	1 Quarter
Operating Profit	`OperatingIncomeLoss`	$40.90M	USD	1 Quarter
Operating Profit	`OperatingIncomeLoss`	$33.10M	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$100.00K	USD	1 Quarter
Interest income	`InvestmentIncomeInterest`	$200.00K	USD	1 Quarter
Interest expense	`InterestExpense`	$8.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$8.30M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$25.30M	USD	1 Quarter
Income Before Income Taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest`	$32.70M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$11.10M	USD	1 Quarter
Income tax provision	`IncomeTaxExpenseBenefit`	$11.00M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$14.20M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$21.70M	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.30	USD	1 Quarter
Basic (in dollars per share)	`EarningsPerShareBasic`	$0.47	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.30	USD	1 Quarter
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$0.46	USD	1 Quarter

Cash Flow Statement 44 line items

Line Item	Tag	Value	Unit	Period
Net income	`NetIncomeLoss`	$14.20M	USD	1 Quarter
Net income	`NetIncomeLoss`	$21.70M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$15.60M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$16.40M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$5.40M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$3.80M	USD	1 Quarter
Net loss (gain) on asset dispositions	`GainLossOnDispositionOfAssets1`	$12.10M	USD	1 Quarter
Net loss (gain) on asset dispositions	`GainLossOnDispositionOfAssets1`	$-100.00K	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$16.60M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-7.50M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$9.90M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$5.20M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-3.10M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-1.30M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$36.50M	USD	1 Quarter
Accounts payable	`IncreaseDecreaseInAccountsPayableTrade`	$19.40M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$-26.50M	USD	1 Quarter
Accrued expenses	`IncreaseDecreaseInAccruedLiabilities`	$2.60M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$5.50M	USD	1 Quarter
Other	`OtherOperatingActivitiesCashFlowStatement`	$-600.00K	USD	1 Quarter
Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$42.50M	USD	1 Quarter
Cash Provided by Operating Activities	`NetCashProvidedByUsedInOperatingActivities`	$39.70M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$8.00M	USD	1 Quarter
Capital expenditures	`PaymentsToAcquireProductiveAssets`	$27.70M	USD	1 Quarter
Proceeds from dispositions of property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	$7.70M	USD	1 Quarter
Proceeds from dispositions of property	`ProceedsFromSaleOfPropertyPlantAndEquipment`	-	USD	1 Quarter
Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-20.00M	USD	1 Quarter
Cash Used in Investing Activities	`NetCashProvidedByUsedInInvestingActivities`	$-8.00M	USD	1 Quarter
Debt repayments	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Debt repayments	`RepaymentsOfLongTermDebt`	$1.00M	USD	1 Quarter
Cash Used in Financing Activities	`NetCashProvidedByUsedInFinancingActivities`	-	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`	$1.10M	USD	1 Quarter
Effect of Exchange Rate Changes on Cash and Cash Equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-1.50M	USD	1 Quarter
Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$35.60M	USD	1 Quarter
Increase in Cash and Cash Equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$17.20M	USD	1 Quarter
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$149.00M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$166.20M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$165.10M	USD	Point-in-time
Cash and Cash Equivalents - Beginning of Period	`CashAndCashEquivalentsAtCarryingValue`	$129.50M	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`	$166.20M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$165.10M	USD	Point-in-time
Cash and Cash Equivalents - End of Period	`CashAndCashEquivalentsAtCarryingValue`	$129.50M	USD	Point-in-time

Comprehensive Income 10 line items

Line Item	Tag	Value	Unit	Period
Net Income	`NetIncomeLoss`	$14.20M	USD	1 Quarter
Net Income	`NetIncomeLoss`	$21.70M	USD	1 Quarter
Unrealized currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$5.50M	USD	1 Quarter
Unrealized currency translation adjustments	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-6.80M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$1.10M	USD	1 Quarter
Cash flow hedges	`OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent`	$300.00K	USD	1 Quarter
Total Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-6.50M	USD	1 Quarter
Total Other Comprehensive Income (Loss), Net of Tax	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$6.60M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$15.20M	USD	1 Quarter
Comprehensive Income	`ComprehensiveIncomeNetOfTax`	$20.80M	USD	1 Quarter

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