10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-16-014813 |
| Period End Date | 20160331 |
| Filing Date | 20160427 |
| Fiscal Year | 2016 |
| Fiscal Period | Q1 |
| XBRL Instance | hubb-20160331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
54 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$653.90M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$413.30M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$320.80M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$343.50M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$12.20M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$11.90M | USD | Point-in-time |
| Accounts receivable, net |
ReceivablesNetCurrent
|
$466.60M | USD | Point-in-time |
| Accounts receivable, net |
ReceivablesNetCurrent
|
$503.70M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$559.50M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$540.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$29.50M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$25.50M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.39B | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.43B | USD | Point-in-time |
| Property, Plant, and Equipment, net |
PropertyPlantAndEquipmentNet
|
$430.80M | USD | Point-in-time |
| Property, Plant, and Equipment, net |
PropertyPlantAndEquipmentNet
|
$419.70M | USD | Point-in-time |
| Investments |
MarketableSecuritiesNoncurrent
|
$49.50M | USD | Point-in-time |
| Investments |
MarketableSecuritiesNoncurrent
|
$54.40M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$928.50M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$992.40M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$450.80M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$372.20M | USD | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
$47.10M | USD | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
$51.00M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$3.40B | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$3.21B | USD | Point-in-time |
| Short-term debt |
ShortTermBorrowings
|
- | USD | Point-in-time |
| Short-term debt |
ShortTermBorrowings
|
$48.20M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$292.30M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$289.50M | USD | Point-in-time |
| Accrued salaries, wages and employee benefits |
EmployeeRelatedLiabilitiesCurrent
|
$59.00M | USD | Point-in-time |
| Accrued salaries, wages and employee benefits |
EmployeeRelatedLiabilitiesCurrent
|
$75.30M | USD | Point-in-time |
| Accrued insurance |
AccruedInsuranceCurrent
|
$55.40M | USD | Point-in-time |
| Accrued insurance |
AccruedInsuranceCurrent
|
$50.40M | USD | Point-in-time |
| Other accrued liabilities |
AccruedLiabilitiesCurrent
|
$139.70M | USD | Point-in-time |
| Other accrued liabilities |
AccruedLiabilitiesCurrent
|
$158.80M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$565.50M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$603.10M | USD | Point-in-time |
| Long-Term Debt |
LongTermDebtNoncurrent
|
$595.90M | USD | Point-in-time |
| Long-Term Debt |
LongTermDebtNoncurrent
|
$989.50M | USD | Point-in-time |
| Other Non-Current Liabilities |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$260.70M | USD | Point-in-time |
| Other Non-Current Liabilities |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$270.20M | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$1.46B | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$1.83B | USD | Point-in-time |
| Total Hubbell Shareholders Equity |
StockholdersEquity
|
$1.57B | USD | Point-in-time |
| Total Hubbell Shareholders Equity |
StockholdersEquity
|
$1.74B | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$8.40M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$8.80M | USD | Point-in-time |
| Total Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.75B | USD | Point-in-time |
| Total Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.58B | USD | Point-in-time |
| Total Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.87B | USD | Point-in-time |
| Total Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.94B | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$3.21B | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$3.40B | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$834.80M | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$809.70M | USD | 1 Quarter |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$557.90M | USD | 1 Quarter |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$574.90M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$259.90M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$251.80M | USD | 1 Quarter |
| Selling & administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$158.00M | USD | 1 Quarter |
| Selling & administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$146.80M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$101.90M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$105.00M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-9.00M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-7.70M | USD | 1 Quarter |
| Other (expense) income, net |
OtherNonoperatingIncomeExpense
|
$-1.30M | USD | 1 Quarter |
| Other (expense) income, net |
OtherNonoperatingIncomeExpense
|
$-2.60M | USD | 1 Quarter |
| Total other expense |
TotalOtherExpenseNet
|
$-10.30M | USD | 1 Quarter |
| Total other expense |
TotalOtherExpenseNet
|
$-10.30M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$91.60M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$94.70M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$29.60M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$31.30M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$62.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$63.40M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.00M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.10M | USD | 1 Quarter |
| Net income attributable to Hubbell |
NetIncomeLoss
|
$62.40M | USD | 1 Quarter |
| Net income attributable to Hubbell |
NetIncomeLoss
|
$60.90M | USD | 1 Quarter |
| Basic (USD per share) |
EarningsPerShareBasic
|
$1.08 | USD | 1 Quarter |
| Basic (USD per share) |
EarningsPerShareBasic
|
$1.07 | USD | 1 Quarter |
| Diluted (USD per share) |
EarningsPerShareDiluted
|
$1.07 | USD | 1 Quarter |
| Diluted (USD per share) |
EarningsPerShareDiluted
|
$1.08 | USD | 1 Quarter |
| Cash dividends per common share (USD per share) |
CommonStockDividendsPerShareDeclared
|
$0.56 | USD | 1 Quarter |
| Cash dividends per common share (USD per share) |
CommonStockDividendsPerShareDeclared
|
$0.63 | USD | 1 Quarter |
Cash Flow Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$62.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$63.40M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$22.70M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$21.70M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-100.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$500.00K | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$4.60M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$3.90M | USD | 1 Quarter |
| Tax benefit on stock-based awards |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$1.30M | USD | 1 Quarter |
| Tax benefit on stock-based awards |
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
|
$1.20M | USD | 1 Quarter |
| Increase in accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$28.80M | USD | 1 Quarter |
| Increase in accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$27.10M | USD | 1 Quarter |
| Increase in inventories, net |
IncreaseDecreaseInInventories
|
$6.10M | USD | 1 Quarter |
| Increase in inventories, net |
IncreaseDecreaseInInventories
|
$26.10M | USD | 1 Quarter |
| Increase (decrease) in current liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$11.80M | USD | 1 Quarter |
| Increase (decrease) in current liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-9.50M | USD | 1 Quarter |
| Changes in other assets and liabilities, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-11.90M | USD | 1 Quarter |
| Changes in other assets and liabilities, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
- | USD | 1 Quarter |
| Contribution to qualified defined benefit pension plans |
PensionContributions
|
$20.60M | USD | 1 Quarter |
| Contribution to qualified defined benefit pension plans |
PensionContributions
|
$500.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-1.10M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-1.90M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$58.40M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$25.80M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$16.30M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$15.30M | USD | 1 Quarter |
| Acquisition of businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$172.20M | USD | 1 Quarter |
| Acquisition of businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$126.80M | USD | 1 Quarter |
| Purchases of available-for-sale investments |
PaymentsToAcquireAvailableForSaleSecurities
|
$3.30M | USD | 1 Quarter |
| Purchases of available-for-sale investments |
PaymentsToAcquireAvailableForSaleSecurities
|
$3.20M | USD | 1 Quarter |
| Proceeds from available-for-sale investments |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$500.00K | USD | 1 Quarter |
| Proceeds from available-for-sale investments |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$2.20M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-1.20M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-500.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-188.00M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-144.70M | USD | 1 Quarter |
| Long-term debt borrowings |
ProceedsFromIssuanceOfLongTermDebt
|
- | USD | 1 Quarter |
| Long-term debt borrowings |
ProceedsFromIssuanceOfLongTermDebt
|
$397.00M | USD | 1 Quarter |
| Payments of short-term debt, net |
RepaymentsOfShortTermDebt
|
$48.20M | USD | 1 Quarter |
| Payments of short-term debt, net |
RepaymentsOfShortTermDebt
|
$1.40M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividendsCommonStock
|
$32.50M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividendsCommonStock
|
$35.50M | USD | 1 Quarter |
| Payment of dividends to noncontrolling interest |
PaymentsOfDividendsMinorityInterest
|
$600.00K | USD | 1 Quarter |
| Payment of dividends to noncontrolling interest |
PaymentsOfDividendsMinorityInterest
|
$700.00K | USD | 1 Quarter |
| Repurchase of common shares |
PaymentsForRepurchaseOfCommonStock
|
$201.80M | USD | 1 Quarter |
| Repurchase of common shares |
PaymentsForRepurchaseOfCommonStock
|
$76.00M | USD | 1 Quarter |
| Tax benefit on stock-based awards |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$1.20M | USD | 1 Quarter |
| Tax benefit on stock-based awards |
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
|
$1.30M | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
- | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$3.60M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$108.40M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-109.20M | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-1.50M | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$-12.50M | USD | 1 Quarter |
| Decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-240.60M | USD | 1 Quarter |
| Decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-22.70M | USD | 1 Quarter |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$653.90M | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$413.30M | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$320.80M | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$343.50M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$653.90M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$413.30M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$320.80M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$343.50M | USD | Point-in-time |
Comprehensive Income
24 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Adjustment to pension and other benefit plans tax impact |
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
|
$1.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$62.00M | USD | 1 Quarter |
| Adjustment to pension and other benefit plans tax impact |
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
|
$1.10M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$63.40M | USD | 1 Quarter |
| Unrealized gain or loss on investment, tax impact |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
- | USD | 1 Quarter |
| Unrealized gain or loss on investment, tax impact |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
$200.00K | USD | 1 Quarter |
| Unrealized gain or loss on cash flow hedge tax impact |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
|
$-400.00K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-23.80M | USD | 1 Quarter |
| Unrealized gain or loss on cash flow hedge tax impact |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
|
$200.00K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$700.00K | USD | 1 Quarter |
| Pension and post retirement benefit plans prior service costs and net actuarial gains, net of taxes of ($1.1) and ($1.0) |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-2.00M | USD | 1 Quarter |
| Pension and post retirement benefit plans prior service costs and net actuarial gains, net of taxes of ($1.1) and ($1.0) |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-1.70M | USD | 1 Quarter |
| Unrealized gain (loss) on investments, net of taxes of ($0.2) and $0.0 |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$300.00K | USD | 1 Quarter |
| Unrealized gain (loss) on investments, net of taxes of ($0.2) and $0.0 |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
- | USD | 1 Quarter |
| Unrealized gain (loss) on cash flow hedges, net of taxes of $0.4 and ($0.2) |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$-2.30M | USD | 1 Quarter |
| Unrealized gain (loss) on cash flow hedges, net of taxes of $0.4 and ($0.2) |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$700.00K | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$700.00K | USD | 1 Quarter |
| Other comprehensive income (loss) |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-21.40M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$62.70M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$42.00M | USD | 1 Quarter |
| Less: Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$1.00M | USD | 1 Quarter |
| Less: Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$1.10M | USD | 1 Quarter |
| Comprehensive income attributable to Hubbell |
ComprehensiveIncomeNetOfTax
|
$41.00M | USD | 1 Quarter |
| Comprehensive income attributable to Hubbell |
ComprehensiveIncomeNetOfTax
|
$61.60M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.