10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-18-005005 |
| Period End Date | 20180331 |
| Filing Date | 20180425 |
| Fiscal Year | 2018 |
| Fiscal Period | Q1 |
| XBRL Instance | hubb-20180331.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
|
$375.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$437.60M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$381.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$216.30M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$14.50M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$15.50M | USD | Point-in-time |
| Accounts receivable, net |
ReceivablesNetCurrent
|
$540.30M | USD | Point-in-time |
| Accounts receivable, net |
ReceivablesNetCurrent
|
$704.00M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$634.70M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$714.30M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$39.60M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$70.70M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.60B | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.72B | USD | Point-in-time |
| Property, Plant, and Equipment, net |
PropertyPlantAndEquipmentNet
|
$494.90M | USD | Point-in-time |
| Property, Plant, and Equipment, net |
PropertyPlantAndEquipmentNet
|
$458.30M | USD | Point-in-time |
| Investments |
MarketableSecuritiesNoncurrent
|
$56.50M | USD | Point-in-time |
| Investments |
MarketableSecuritiesNoncurrent
|
$57.70M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.76B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.09B | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$889.50M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$460.40M | USD | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
$51.10M | USD | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
$53.60M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$4.98B | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$3.72B | USD | Point-in-time |
| Short-term debt and current portion of long-term debt |
DebtCurrent
|
$177.50M | USD | Point-in-time |
| Short-term debt and current portion of long-term debt |
DebtCurrent
|
$68.10M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$326.50M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$374.50M | USD | Point-in-time |
| Accrued salaries, wages and employee benefits |
EmployeeRelatedLiabilitiesCurrent
|
$76.60M | USD | Point-in-time |
| Accrued salaries, wages and employee benefits |
EmployeeRelatedLiabilitiesCurrent
|
$71.00M | USD | Point-in-time |
| Accrued insurance |
AccruedInsuranceCurrent
|
$60.00M | USD | Point-in-time |
| Accrued insurance |
AccruedInsuranceCurrent
|
$64.60M | USD | Point-in-time |
| Other accrued liabilities |
AccruedLiabilitiesCurrent
|
$174.90M | USD | Point-in-time |
| Other accrued liabilities |
AccruedLiabilitiesCurrent
|
$210.90M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$898.50M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$706.10M | USD | Point-in-time |
| Long-Term Debt |
LongTermDebtNoncurrent
|
$987.10M | USD | Point-in-time |
| Long-Term Debt |
LongTermDebtNoncurrent
|
$1.90B | USD | Point-in-time |
| Other Non-Current Liabilities |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$495.20M | USD | Point-in-time |
| Other Non-Current Liabilities |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$379.50M | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$2.07B | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$3.30B | USD | Point-in-time |
| Total Hubbell Shareholders Equity |
StockholdersEquity
|
$1.63B | USD | Point-in-time |
| Total Hubbell Shareholders Equity |
StockholdersEquity
|
$1.66B | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$13.70M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$16.50M | USD | Point-in-time |
| Total Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.59B | USD | Point-in-time |
| Total Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.68B | USD | Point-in-time |
| Total Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.65B | USD | Point-in-time |
| Total Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.60B | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$4.98B | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$3.72B | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
SalesRevenueNet
|
$991.20M | USD | 1 Quarter |
| Net sales |
SalesRevenueNet
|
$852.30M | USD | 1 Quarter |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$708.30M | USD | 1 Quarter |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$589.70M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$282.90M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$262.60M | USD | 1 Quarter |
| Selling & administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$154.80M | USD | 1 Quarter |
| Selling & administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$183.30M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$99.60M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$107.80M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-17.30M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-11.10M | USD | 1 Quarter |
| Other (expense) income, net |
OtherNonoperatingIncomeExpense
|
$-5.80M | USD | 1 Quarter |
| Other (expense) income, net |
OtherNonoperatingIncomeExpense
|
$-6.50M | USD | 1 Quarter |
| Total other expense |
TotalOtherExpenseNet
|
$-23.80M | USD | 1 Quarter |
| Total other expense |
TotalOtherExpenseNet
|
$-16.90M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$90.90M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$75.80M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$16.00M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$27.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$59.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$63.90M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.50M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.10M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$62.80M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$58.30M | USD | 1 Quarter |
| Basic (USD per share) |
EarningsPerShareBasic
|
$1.13 | USD | 1 Quarter |
| Basic (USD per share) |
EarningsPerShareBasic
|
$1.06 | USD | 1 Quarter |
| Diluted (USD per share) |
EarningsPerShareDiluted
|
$1.05 | USD | 1 Quarter |
| Diluted (USD per share) |
EarningsPerShareDiluted
|
$1.13 | USD | 1 Quarter |
| Cash dividends per common share (USD per share) |
CommonStockDividendsPerShareDeclared
|
$0.70 | USD | 1 Quarter |
| Cash dividends per common share (USD per share) |
CommonStockDividendsPerShareDeclared
|
$0.77 | USD | 1 Quarter |
Cash Flow Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$59.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$63.90M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$24.20M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$40.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$700.00K | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-1.40M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$5.10M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$4.20M | USD | 1 Quarter |
| Increase in accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$13.10M | USD | 1 Quarter |
| Increase in accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$46.90M | USD | 1 Quarter |
| Increase in inventories, net |
IncreaseDecreaseInInventories
|
$19.10M | USD | 1 Quarter |
| Increase in inventories, net |
IncreaseDecreaseInInventories
|
$12.20M | USD | 1 Quarter |
| (Decrease) increase in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$8.50M | USD | 1 Quarter |
| (Decrease) increase in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-700.00K | USD | 1 Quarter |
| Decrease in current liabilities |
IncreaseDecreaseInOtherCurrentLiabilities
|
$-18.30M | USD | 1 Quarter |
| Decrease in current liabilities |
IncreaseDecreaseInOtherCurrentLiabilities
|
$-35.70M | USD | 1 Quarter |
| Changes in other assets and liabilities, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$500.00K | USD | 1 Quarter |
| Changes in other assets and liabilities, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-8.30M | USD | 1 Quarter |
| Contribution to qualified defined benefit pension plans |
PensionContributions
|
$500.00K | USD | 1 Quarter |
| Contribution to qualified defined benefit pension plans |
PensionContributions
|
$400.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$500.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$2.90M | USD | 1 Quarter |
| Net cash (used) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$62.90M | USD | 1 Quarter |
| Net cash (used) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-400.00K | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$13.60M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$22.00M | USD | 1 Quarter |
| Acquisition of businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$1.12B | USD | 1 Quarter |
| Acquisition of businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$19.20M | USD | 1 Quarter |
| Purchases of available-for-sale investments |
PaymentsToAcquireAvailableForSaleSecurities
|
$5.00M | USD | 1 Quarter |
| Purchases of available-for-sale investments |
PaymentsToAcquireAvailableForSaleSecurities
|
$3.30M | USD | 1 Quarter |
| Proceeds from available-for-sale investments |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$5.70M | USD | 1 Quarter |
| Proceeds from available-for-sale investments |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$2.40M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-900.00K | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-900.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-32.80M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.14B | USD | 1 Quarter |
| Long-term debt borrowings |
ProceedsFromIssuanceOfLongTermDebt
|
- | USD | 1 Quarter |
| Long-term debt borrowings |
ProceedsFromIssuanceOfLongTermDebt
|
$947.50M | USD | 1 Quarter |
| Short-term debt borrowings, net |
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
$84.50M | USD | 1 Quarter |
| Short-term debt borrowings, net |
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
$2.00M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividendsCommonStock
|
$42.20M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividendsCommonStock
|
$38.80M | USD | 1 Quarter |
| Payment of dividends to noncontrolling interest |
PaymentsOfDividendsMinorityInterest
|
$1.40M | USD | 1 Quarter |
| Payment of dividends to noncontrolling interest |
PaymentsOfDividendsMinorityInterest
|
$1.10M | USD | 1 Quarter |
| Repurchase of common shares |
PaymentsForRepurchaseOfCommonStock
|
$52.60M | USD | 1 Quarter |
| Repurchase of common shares |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$7.60M | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
- | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-6.10M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-3.30M | USD | 1 Quarter |
| Net cash (used) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$975.00M | USD | 1 Quarter |
| Net cash (used) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-94.10M | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$7.40M | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashAndCashEquivalents
|
$6.50M | USD | 1 Quarter |
| Decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-56.60M | USD | 1 Quarter |
| Decrease in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-158.70M | USD | 1 Quarter |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$375.00M | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$437.60M | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$381.00M | USD | Point-in-time |
| Beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$216.30M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$375.00M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$437.60M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$381.00M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$216.30M | USD | Point-in-time |
Comprehensive Income
24 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Pension and post-retirement benefit plans prior service costs and net actuarial gains, net of taxes |
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
|
$900.00K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$59.80M | USD | 1 Quarter |
| Pension and post-retirement benefit plans prior service costs and net actuarial gains, net of taxes |
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
|
$600.00K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$63.90M | USD | 1 Quarter |
| Unrealized gain or (loss) on investment, net of taxes |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
$400.00K | USD | 1 Quarter |
| Unrealized gain or (loss) on investment, net of taxes |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
- | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$11.50M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$9.80M | USD | 1 Quarter |
| Unrealized gain (loss) on cash flow hedges, net of taxes |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
|
$200.00K | USD | 1 Quarter |
| Unrealized gain (loss) on cash flow hedges, net of taxes |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
|
$-100.00K | USD | 1 Quarter |
| Pension and post retirement benefit plans prior service costs and net actuarial gains, net of taxes |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-2.00M | USD | 1 Quarter |
| Pension and post retirement benefit plans prior service costs and net actuarial gains, net of taxes |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-1.70M | USD | 1 Quarter |
| Unrealized gain (loss) on investments, net of taxes |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-300.00K | USD | 1 Quarter |
| Unrealized gain (loss) on investments, net of taxes |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$400.00K | USD | 1 Quarter |
| Unrealized gain (loss) on cash flow hedges, net of taxes |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$600.00K | USD | 1 Quarter |
| Unrealized gain (loss) on cash flow hedges, net of taxes |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$-100.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$13.50M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$12.10M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$77.40M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$71.90M | USD | 1 Quarter |
| Less: Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$1.10M | USD | 1 Quarter |
| Less: Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$1.50M | USD | 1 Quarter |
| Comprehensive income attributable to Hubbell |
ComprehensiveIncomeNetOfTax
|
$70.40M | USD | 1 Quarter |
| Comprehensive income attributable to Hubbell |
ComprehensiveIncomeNetOfTax
|
$76.30M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.