10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-19-005330 |
| Period End Date | 20190331 |
| Filing Date | 20190501 |
| Fiscal Year | 2019 |
| Fiscal Period | Q1 |
| XBRL Instance | hubb-20190331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$189.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$205.30M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$9.20M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$9.50M | USD | Point-in-time |
| Accounts receivable, net |
ReceivablesNetCurrent
|
$716.20M | USD | Point-in-time |
| Accounts receivable, net |
ReceivablesNetCurrent
|
$725.40M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$663.00M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$651.00M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$69.10M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$56.60M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.65B | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.64B | USD | Point-in-time |
| Property, Plant, and Equipment, net |
PropertyPlantAndEquipmentNet
|
$504.50M | USD | Point-in-time |
| Property, Plant, and Equipment, net |
PropertyPlantAndEquipmentNet
|
$502.10M | USD | Point-in-time |
| Investments |
MarketableSecuritiesNoncurrent
|
$57.50M | USD | Point-in-time |
| Investments |
MarketableSecuritiesNoncurrent
|
$56.30M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.79B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.78B | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$819.50M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$802.10M | USD | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
$66.10M | USD | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
$174.60M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$4.98B | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$4.87B | USD | Point-in-time |
| Short-term debt and current portion of long-term debt |
DebtCurrent
|
$56.10M | USD | Point-in-time |
| Short-term debt and current portion of long-term debt |
DebtCurrent
|
$77.30M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$403.70M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$393.70M | USD | Point-in-time |
| Accrued salaries, wages and employee benefits |
EmployeeRelatedLiabilitiesCurrent
|
$68.60M | USD | Point-in-time |
| Accrued salaries, wages and employee benefits |
EmployeeRelatedLiabilitiesCurrent
|
$101.60M | USD | Point-in-time |
| Accrued insurance |
AccruedInsuranceCurrent
|
$61.30M | USD | Point-in-time |
| Accrued insurance |
AccruedInsuranceCurrent
|
$70.00M | USD | Point-in-time |
| Other accrued liabilities |
AccruedLiabilitiesCurrent
|
$226.60M | USD | Point-in-time |
| Other accrued liabilities |
AccruedLiabilitiesCurrent
|
$228.30M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$839.30M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$847.90M | USD | Point-in-time |
| Long-Term Debt |
LongTermDebtNoncurrent
|
$1.73B | USD | Point-in-time |
| Long-Term Debt |
LongTermDebtNoncurrent
|
$1.74B | USD | Point-in-time |
| Other Non-Current Liabilities |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$496.80M | USD | Point-in-time |
| Other Non-Current Liabilities |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$569.80M | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$3.07B | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$3.15B | USD | Point-in-time |
| Total Hubbell Shareholders Equity |
StockholdersEquity
|
$1.81B | USD | Point-in-time |
| Total Hubbell Shareholders Equity |
StockholdersEquity
|
$1.78B | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$18.30M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$18.80M | USD | Point-in-time |
| Total Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.80B | USD | Point-in-time |
| Total Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.83B | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$4.98B | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$4.87B | USD | Point-in-time |
Income Statement
32 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$1.09B | USD | 1 Quarter |
| Net sales |
RevenueFromContractWithCustomerExcludingAssessedTax
|
$991.20M | USD | 1 Quarter |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$780.00M | USD | 1 Quarter |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$708.30M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$307.30M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$282.90M | USD | 1 Quarter |
| Selling & administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$186.40M | USD | 1 Quarter |
| Selling & administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$183.30M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$99.60M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$120.90M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-17.30M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-17.50M | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-6.50M | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-5.40M | USD | 1 Quarter |
| Total other expense |
TotalOtherExpenseNet
|
$-22.90M | USD | 1 Quarter |
| Total other expense |
TotalOtherExpenseNet
|
$-23.80M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$75.80M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$98.00M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$24.20M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$16.00M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$73.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$59.80M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.50M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.50M | USD | 1 Quarter |
| Net income attributable to Hubbell |
NetIncomeLoss
|
$72.30M | USD | 1 Quarter |
| Net income attributable to Hubbell |
NetIncomeLoss
|
$58.30M | USD | 1 Quarter |
| Basic (USD per share) |
EarningsPerShareBasic
|
$1.32 | 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
|
$1.32 | USD | 1 Quarter |
| Cash dividends per common share (USD per share) |
CommonStockDividendsPerShareDeclared
|
$0.77 | USD | 1 Quarter |
| Cash dividends per common share (USD per share) |
CommonStockDividendsPerShareDeclared
|
$0.84 | USD | 1 Quarter |
Cash Flow Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$73.80M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$59.80M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$36.60M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$39.30M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$-1.40M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$3.00M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$4.10M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$5.10M | USD | 1 Quarter |
| Decrease (increase) in accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$46.90M | USD | 1 Quarter |
| Decrease (increase) in accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$-10.10M | USD | 1 Quarter |
| Increase in inventories, net |
IncreaseDecreaseInInventories
|
$19.10M | USD | 1 Quarter |
| Increase in inventories, net |
IncreaseDecreaseInInventories
|
$10.70M | USD | 1 Quarter |
| Increase (decrease) in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$12.60M | USD | 1 Quarter |
| Increase (decrease) in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-700.00K | USD | 1 Quarter |
| Decrease in current liabilities |
IncreaseDecreaseInOtherCurrentLiabilities
|
$-61.10M | 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
|
$-9.20M | USD | 1 Quarter |
| Contribution to qualified defined benefit pension plans |
PensionContributions
|
$500.00K | USD | 1 Quarter |
| Contribution to qualified defined benefit pension plans |
PensionContributions
|
$100.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-600.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-200.00K | USD | 1 Quarter |
| Net cash (used) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-400.00K | USD | 1 Quarter |
| Net cash (used) provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$78.10M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$23.30M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$22.00M | USD | 1 Quarter |
| Acquisition of businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Acquisition of businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$1.12B | USD | 1 Quarter |
| Purchases of available-for-sale investments |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$1.00M | USD | 1 Quarter |
| Purchases of available-for-sale investments |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$5.00M | USD | 1 Quarter |
| Proceeds from available-for-sale investments |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$5.70M | USD | 1 Quarter |
| Proceeds from available-for-sale investments |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$2.70M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-1.50M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-900.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-1.14B | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-20.10M | USD | 1 Quarter |
| Long-term debt borrowings, net |
ProceedsFromRepaymentsOfIssuanceOfLongTermDebt
|
$-6.30M | USD | 1 Quarter |
| Long-term debt borrowings, net |
ProceedsFromRepaymentsOfIssuanceOfLongTermDebt
|
$947.50M | USD | 1 Quarter |
| Short-term debt borrowings, net |
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
$21.20M | USD | 1 Quarter |
| Short-term debt borrowings, net |
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
$84.50M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividendsCommonStock
|
$42.20M | USD | 1 Quarter |
| Payment of dividends |
PaymentsOfDividendsCommonStock
|
$45.80M | USD | 1 Quarter |
| Payment of dividends to noncontrolling interest |
PaymentsOfDividendsMinorityInterest
|
$1.10M | USD | 1 Quarter |
| Payment of dividends to noncontrolling interest |
PaymentsOfDividendsMinorityInterest
|
$1.00M | USD | 1 Quarter |
| Repurchase of common shares |
PaymentsForRepurchaseOfCommonStock
|
$10.00M | USD | 1 Quarter |
| Repurchase of common shares |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
- | USD | 1 Quarter |
| Debt issuance costs |
PaymentsOfDebtIssuanceCosts
|
$7.60M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-6.10M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-1.80M | USD | 1 Quarter |
| Net cash (used) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$975.00M | USD | 1 Quarter |
| Net cash (used) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-43.70M | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.00M | USD | 1 Quarter |
| Effect of foreign currency exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.50M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$16.30M | USD | 1 Quarter |
| Increase (decrease) in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-158.70M | USD | 1 Quarter |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$205.30M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$189.00M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$375.00M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$216.30M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$205.30M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$189.00M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$375.00M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$216.30M | USD | Point-in-time |
Comprehensive Income
24 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$73.80M | USD | 1 Quarter |
| Pension and post-retirement benefit plans prior service costs and net actuarial gains, tax |
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
|
$500.00K | USD | 1 Quarter |
| Pension and post-retirement benefit plans prior service costs and net actuarial gains, tax |
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
|
$600.00K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$59.80M | USD | 1 Quarter |
| Unrealized gain or (loss) on investment, tax |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
$100.00K | USD | 1 Quarter |
| Unrealized gain or (loss) on investment, tax |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
- | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$9.80M | USD | 1 Quarter |
| Unrealized gain (loss) on cash flow hedges, tax |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
|
$-200.00K | USD | 1 Quarter |
| Unrealized gain (loss) on cash flow hedges, tax |
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
|
$200.00K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$7.10M | USD | 1 Quarter |
| Defined benefit pension and post-retirement plans, net of taxes of ($0.5) and ($0.6) |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-2.00M | USD | 1 Quarter |
| Defined benefit pension and post-retirement plans, net of taxes of ($0.5) and ($0.6) |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-1.50M | USD | 1 Quarter |
| Unrealized gain (loss) on investments, net of taxes of ($0.1) and $0.0 |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$300.00K | USD | 1 Quarter |
| Unrealized gain (loss) on investments, net of taxes of ($0.1) and $0.0 |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-300.00K | USD | 1 Quarter |
| Unrealized gain (loss) on cash flow hedges, net of taxes of $0.2 and ($0.2) |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$-600.00K | USD | 1 Quarter |
| Unrealized gain (loss) on cash flow hedges, net of taxes of $0.2 and ($0.2) |
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
|
$600.00K | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$8.30M | USD | 1 Quarter |
| Other comprehensive income |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$12.10M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$71.90M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$82.10M | USD | 1 Quarter |
| Less: Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$1.50M | 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
|
$80.60M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.