10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001628280-20-006030 |
| Period End Date | 20200331 |
| Filing Date | 20200501 |
| Fiscal Year | 2020 |
| Fiscal Period | Q1 |
| XBRL Instance | hubb-2020033110q_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
52 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accounts receivable, allowances |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$7.70M | USD | Point-in-time |
| Accounts receivable, allowances |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$13.60M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$300.00M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$182.00M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$14.20M | USD | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$13.50M | USD | Point-in-time |
| Account receivable (net of allowances of $13.6 and $7.7) |
ReceivablesNetCurrent
|
$683.00M | USD | Point-in-time |
| Account receivable (net of allowances of $13.6 and $7.7) |
ReceivablesNetCurrent
|
$707.70M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$633.00M | USD | Point-in-time |
| Inventories, net |
InventoryNet
|
$595.70M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$58.10M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$62.00M | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.68B | USD | Point-in-time |
| Total Current Assets |
AssetsCurrent
|
$1.57B | USD | Point-in-time |
| Property, Plant, and Equipment, net |
PropertyPlantAndEquipmentNet
|
$505.20M | USD | Point-in-time |
| Property, Plant, and Equipment, net |
PropertyPlantAndEquipmentNet
|
$495.50M | USD | Point-in-time |
| Investments |
MarketableSecuritiesNoncurrent
|
$53.20M | USD | Point-in-time |
| Investments |
MarketableSecuritiesNoncurrent
|
$55.70M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.81B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$1.81B | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$781.50M | USD | Point-in-time |
| Other intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$758.80M | USD | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
$174.60M | USD | Point-in-time |
| Other long-term assets |
OtherAssetsNoncurrent
|
$169.50M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$4.90B | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$4.96B | USD | Point-in-time |
| Short-term debt and current portion of long-term debt |
DebtCurrent
|
$65.40M | USD | Point-in-time |
| Short-term debt and current portion of long-term debt |
DebtCurrent
|
$106.70M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$347.70M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$358.40M | USD | Point-in-time |
| Accrued salaries, wages and employee benefits |
EmployeeRelatedLiabilitiesCurrent
|
$101.50M | USD | Point-in-time |
| Accrued salaries, wages and employee benefits |
EmployeeRelatedLiabilitiesCurrent
|
$65.90M | USD | Point-in-time |
| Accrued insurance |
AccruedInsuranceCurrent
|
$78.00M | USD | Point-in-time |
| Accrued insurance |
AccruedInsuranceCurrent
|
$68.10M | USD | Point-in-time |
| Other accrued liabilities |
AccruedLiabilitiesCurrent
|
$232.30M | USD | Point-in-time |
| Other accrued liabilities |
AccruedLiabilitiesCurrent
|
$262.20M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$841.30M | USD | Point-in-time |
| Total Current Liabilities |
LiabilitiesCurrent
|
$844.90M | USD | Point-in-time |
| Long-Term Debt |
LongTermDebtNoncurrent
|
$1.51B | USD | Point-in-time |
| Long-Term Debt |
LongTermDebtNoncurrent
|
$1.60B | USD | Point-in-time |
| Other Non-Current Liabilities |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$591.60M | USD | Point-in-time |
| Other Non-Current Liabilities |
LiabilitiesOtherThanLongtermDebtNoncurrent
|
$592.00M | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$3.03B | USD | Point-in-time |
| TOTAL LIABILITIES |
Liabilities
|
$2.94B | USD | Point-in-time |
| Hubbell Incorporated Shareholders Equity |
StockholdersEquity
|
$1.91B | USD | Point-in-time |
| Hubbell Incorporated Shareholders Equity |
StockholdersEquity
|
$1.95B | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$13.60M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$13.40M | USD | Point-in-time |
| Total Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.96B | USD | Point-in-time |
| Total Equity |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$1.93B | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$4.90B | USD | Point-in-time |
| TOTAL LIABILITIES AND EQUITY |
LiabilitiesAndStockholdersEquity
|
$4.96B | 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
|
$1.09B | USD | 1 Quarter |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$776.80M | USD | 1 Quarter |
| Cost of goods sold |
CostOfGoodsAndServicesSold
|
$780.00M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$313.50M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$307.30M | USD | 1 Quarter |
| Selling & administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$194.70M | USD | 1 Quarter |
| Selling & administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$186.40M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$118.80M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$120.90M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-17.50M | USD | 1 Quarter |
| Interest expense, net |
InterestIncomeExpenseNet
|
$-15.10M | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-3.80M | USD | 1 Quarter |
| Other expense, net |
OtherNonoperatingIncomeExpense
|
$-5.40M | USD | 1 Quarter |
| Total other expense |
TotalOtherExpenseNet
|
$-18.90M | USD | 1 Quarter |
| Total other expense |
TotalOtherExpenseNet
|
$-22.90M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$98.00M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$99.90M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$24.20M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$24.20M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$75.70M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$73.80M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$1.50M | USD | 1 Quarter |
| Less: Net income attributable to noncontrolling interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$700.00K | USD | 1 Quarter |
| Net income attributable to Hubbell Incorporated |
NetIncomeLoss
|
$72.30M | USD | 1 Quarter |
| Net income attributable to Hubbell Incorporated |
NetIncomeLoss
|
$75.00M | USD | 1 Quarter |
| Basic (USD per share) |
EarningsPerShareBasic
|
$1.38 | USD | 1 Quarter |
| Basic (USD per share) |
EarningsPerShareBasic
|
$1.32 | USD | 1 Quarter |
| Diluted (USD per share) |
EarningsPerShareDiluted
|
$1.37 | USD | 1 Quarter |
| Diluted (USD per share) |
EarningsPerShareDiluted
|
$1.32 | USD | 1 Quarter |
| Cash dividends per common share (USD per share) |
CommonStockDividendsPerShareDeclared
|
$0.91 | USD | 1 Quarter |
| Cash dividends per common share (USD per share) |
CommonStockDividendsPerShareDeclared
|
$0.84 | USD | 1 Quarter |
Cash Flow Statement
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
ProfitLoss
|
$75.70M | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$73.80M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$38.90M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$36.60M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$3.00M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefit
|
$1.60M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$4.10M | USD | 1 Quarter |
| Stock-based compensation |
ShareBasedCompensation
|
$11.60M | USD | 1 Quarter |
| Provision for bad debt expense |
ProvisionForDoubtfulAccounts
|
$5.30M | USD | 1 Quarter |
| Provision for bad debt expense |
ProvisionForDoubtfulAccounts
|
$800.00K | USD | 1 Quarter |
| (Increase) decrease in accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$36.80M | USD | 1 Quarter |
| (Increase) decrease in accounts receivable, net |
IncreaseDecreaseInAccountsReceivable
|
$-9.30M | USD | 1 Quarter |
| Decrease (increase) in inventories, net |
IncreaseDecreaseInInventories
|
$10.70M | USD | 1 Quarter |
| Decrease (increase) in inventories, net |
IncreaseDecreaseInInventories
|
$-32.70M | USD | 1 Quarter |
| Increase in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$15.20M | USD | 1 Quarter |
| Increase in accounts payable |
IncreaseDecreaseInAccountsPayable
|
$12.60M | USD | 1 Quarter |
| Decrease in current liabilities |
IncreaseDecreaseInOtherCurrentLiabilities
|
$-61.10M | USD | 1 Quarter |
| Decrease in current liabilities |
IncreaseDecreaseInOtherCurrentLiabilities
|
$-48.80M | USD | 1 Quarter |
| Changes in other assets and liabilities, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-7.50M | USD | 1 Quarter |
| Changes in other assets and liabilities, net |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-9.20M | USD | 1 Quarter |
| Contribution to qualified defined benefit pension plans |
PensionContributions
|
$100.00K | USD | 1 Quarter |
| Contribution to qualified defined benefit pension plans |
PensionContributions
|
$100.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-5.60M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-600.00K | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$108.40M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$78.10M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$17.80M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquireProductiveAssets
|
$23.30M | USD | 1 Quarter |
| Acquisition of businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$2.10M | USD | 1 Quarter |
| Acquisition of businesses, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Purchases of available-for-sale investments |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$4.70M | USD | 1 Quarter |
| Purchases of available-for-sale investments |
PaymentsToAcquireAvailableForSaleSecuritiesDebt
|
$1.00M | USD | 1 Quarter |
| Proceeds from available-for-sale investments |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$2.70M | USD | 1 Quarter |
| Proceeds from available-for-sale investments |
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
|
$6.50M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-2.50M | USD | 1 Quarter |
| Other, net |
PaymentsForProceedsFromOtherInvestingActivities
|
$-1.50M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-15.60M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-20.10M | USD | 1 Quarter |
| Long-term debt borrowings |
ProceedsFromLongTermLinesOfCredit
|
- | USD | 1 Quarter |
| Long-term debt borrowings |
ProceedsFromLongTermLinesOfCredit
|
$100.00M | USD | 1 Quarter |
| Long-term debt repayments |
RepaymentsOfLongTermDebt
|
$6.30M | USD | 1 Quarter |
| Long-term debt repayments |
RepaymentsOfLongTermDebt
|
$6.30M | USD | 1 Quarter |
| Short-term debt borrowings, net |
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
$21.20M | USD | 1 Quarter |
| Short-term debt borrowings, net |
ProceedsFromRepaymentsOfShortTermDebtMaturingInThreeMonthsOrLess
|
$38.10M | USD | 1 Quarter |
| Payment of dividends to shareholders |
PaymentsOfDividendsCommonStock
|
$45.80M | USD | 1 Quarter |
| Payment of dividends to shareholders |
PaymentsOfDividendsCommonStock
|
$49.50M | USD | 1 Quarter |
| Payment of dividends to noncontrolling interest |
PaymentsOfDividendsMinorityInterest
|
$600.00K | USD | 1 Quarter |
| Payment of dividends to noncontrolling interest |
PaymentsOfDividendsMinorityInterest
|
$1.00M | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$41.30M | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$10.00M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-4.70M | USD | 1 Quarter |
| Other, net |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-1.80M | USD | 1 Quarter |
| Net cash (used) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$35.70M | USD | 1 Quarter |
| Net cash (used) provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-43.70M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$2.00M | USD | 1 Quarter |
| Effect of exchange rate changes on cash and cash equivalents |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-10.50M | USD | 1 Quarter |
| Increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$16.30M | USD | 1 Quarter |
| Increase in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$118.00M | USD | 1 Quarter |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$300.00M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$205.30M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$189.00M | USD | Point-in-time |
| Beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$182.00M | USD | Point-in-time |
| End of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$300.00M | 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
|
$182.00M | USD | Point-in-time |
Comprehensive Income
24 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Defined benefit pension and post-retirement plans, tax |
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
|
$500.00K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$75.70M | USD | 1 Quarter |
| Defined benefit pension and post-retirement plans, tax |
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodTax
|
$600.00K | USD | 1 Quarter |
| Net income |
ProfitLoss
|
$73.80M | USD | 1 Quarter |
| Available-for-sale investments, tax |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
$100.00K | USD | 1 Quarter |
| Available-for-sale investments, tax |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
|
- | USD | 1 Quarter |
| Unrealized gain (loss) on cash flow hedges, tax |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
|
$-200.00K | USD | 1 Quarter |
| Unrealized gain (loss) on cash flow hedges, tax |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationTax
|
$600.00K | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$-25.60M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
|
$7.10M | USD | 1 Quarter |
| Defined benefit pension and post-retirement plans, net of taxes of ($0.6) and ($0.5) |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-1.50M | USD | 1 Quarter |
| Defined benefit pension and post-retirement plans, net of taxes of ($0.6) and ($0.5) |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
|
$-1.70M | USD | 1 Quarter |
| Available-for-sale investments, net of taxes of $0.0 and ($0.1) |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$-100.00K | USD | 1 Quarter |
| Available-for-sale investments, net of taxes of $0.0 and ($0.1) |
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
$300.00K | USD | 1 Quarter |
| Unrealized gain (loss) on cash flow hedges, net of taxes of ($0.6) and $0.2 |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
$1.60M | USD | 1 Quarter |
| Unrealized gain (loss) on cash flow hedges, net of taxes of ($0.6) and $0.2 |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
$-600.00K | USD | 1 Quarter |
| Other comprehensive (loss) income |
OtherComprehensiveIncomeLossNetOfTax
|
$8.30M | USD | 1 Quarter |
| Other comprehensive (loss) income |
OtherComprehensiveIncomeLossNetOfTax
|
$-22.40M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$53.30M | USD | 1 Quarter |
| Total comprehensive income |
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
$82.10M | USD | 1 Quarter |
| Less: Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$700.00K | USD | 1 Quarter |
| Less: Comprehensive income attributable to noncontrolling interest |
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
$1.50M | USD | 1 Quarter |
| Comprehensive income attributable to Hubbell Incorporated |
ComprehensiveIncomeNetOfTax
|
$80.60M | USD | 1 Quarter |
| Comprehensive income attributable to Hubbell Incorporated |
ComprehensiveIncomeNetOfTax
|
$52.60M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.