10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001722482-21-000121 |
| Period End Date | 20210331 |
| Filing Date | 20210428 |
| Fiscal Year | 2021 |
| Fiscal Period | Q1 |
| XBRL Instance | avtr-20210331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Allowances on accounts receivable |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$25.60M | USD | Point-in-time |
| Allowances on accounts receivable |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$26.20M | USD | Point-in-time |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$400.50M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$286.60M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$172.50M | USD | Point-in-time |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$388.30M | USD | Point-in-time |
| Accounts receivable, net of allowances of $25.6 and $26.2 |
AccountsReceivableNetCurrent
|
$1.11B | USD | Point-in-time |
| Preferred Stock, Shares Outstanding |
PreferredStockSharesOutstanding
|
20.70M | shares | Point-in-time |
| Preferred Stock, Shares Outstanding |
PreferredStockSharesOutstanding
|
20.70M | shares | Point-in-time |
| Accounts receivable, net of allowances of $25.6 and $26.2 |
AccountsReceivableNetCurrent
|
$1.20B | USD | Point-in-time |
| Inventory |
InventoryNet
|
$777.70M | USD | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
581.80M | shares | Point-in-time |
| Inventory |
InventoryNet
|
$739.60M | USD | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
580.10M | shares | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$91.40M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$80.30M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.23B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.23B | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation of $400.5 and $388.3 |
PropertyPlantAndEquipmentNet
|
$537.40M | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation of $400.5 and $388.3 |
PropertyPlantAndEquipmentNet
|
$549.90M | USD | Point-in-time |
| Other intangible assets, net (see note 7) |
OtherIntangibleAssetsNet
|
$3.93B | USD | Point-in-time |
| Other intangible assets, net (see note 7) |
OtherIntangibleAssetsNet
|
$4.05B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.86B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$2.82B | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$216.70M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$217.10M | USD | Point-in-time |
| Total assets |
Assets
|
$9.74B | USD | Point-in-time |
| Total assets |
Assets
|
$9.91B | USD | Point-in-time |
| Current portion of debt |
LongTermDebtCurrent
|
$26.50M | USD | Point-in-time |
| Current portion of debt |
LongTermDebtCurrent
|
$26.40M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$678.90M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$706.40M | USD | Point-in-time |
| Employee-related liabilities |
EmployeeRelatedLiabilitiesCurrent
|
$140.80M | USD | Point-in-time |
| Employee-related liabilities |
EmployeeRelatedLiabilitiesCurrent
|
$179.30M | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$44.50M | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$26.80M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$313.60M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$340.20M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.24B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.24B | USD | Point-in-time |
| Debt, net of current portion |
LongTermDebtNoncurrent
|
$4.87B | USD | Point-in-time |
| Debt, net of current portion |
LongTermDebtNoncurrent
|
$4.61B | USD | Point-in-time |
| Deferred income tax liabilities |
DeferredIncomeTaxLiabilitiesNet
|
$713.00M | USD | Point-in-time |
| Deferred income tax liabilities |
DeferredIncomeTaxLiabilitiesNet
|
$723.90M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$372.70M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$398.10M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$6.93B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$7.23B | USD | Point-in-time |
| Commitments and contingencies (see note 8) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (see note 8) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| MCPS including paid-in capital, 20.7 shares outstanding |
PreferredStockIncludingAdditionalPaidInCapital
|
$1.00B | USD | Point-in-time |
| MCPS including paid-in capital, 20.7 shares outstanding |
PreferredStockIncludingAdditionalPaidInCapital
|
$1.00B | USD | Point-in-time |
| Common stock including paid-in capital, 581.8 and 580.1 shares outstanding |
CommonStocksIncludingAdditionalPaidInCapital
|
$1.74B | USD | Point-in-time |
| Common stock including paid-in capital, 581.8 and 580.1 shares outstanding |
CommonStocksIncludingAdditionalPaidInCapital
|
$1.74B | USD | Point-in-time |
| Accumulated earnings (deficit) |
RetainedEarningsAccumulatedDeficit
|
$75.30M | USD | Point-in-time |
| Accumulated earnings (deficit) |
RetainedEarningsAccumulatedDeficit
|
$-88.70M | USD | Point-in-time |
| Accumulated other comprehensive (loss) income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-153.30M | USD | Point-in-time |
| Accumulated other comprehensive (loss) income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$21.70M | USD | Point-in-time |
| Accumulated other comprehensive (loss) income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-85.90M | USD | Point-in-time |
| Accumulated other comprehensive (loss) income |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-16.10M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$2.67B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$2.81B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$2.44B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$2.46B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$9.74B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$9.91B | USD | Point-in-time |
Income Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
Revenues
|
$1.52B | USD | 1 Quarter |
| Net sales |
Revenues
|
$1.79B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$1.02B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$1.17B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$501.90M | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$612.80M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$346.50M | USD | 1 Quarter |
| Selling, general and administrative expenses |
SellingGeneralAndAdministrativeExpense
|
$343.50M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$158.40M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$266.30M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$51.50M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$94.50M | USD | 1 Quarter |
| Loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-5.20M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$1.80M | USD | 1 Quarter |
| Other income, net |
OtherNonoperatingIncomeExpense
|
$800.00K | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$64.70M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
$211.40M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$17.70M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$47.40M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$164.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$47.00M | USD | 1 Quarter |
| Accumulation of yield on preferred stock |
PreferredStockDividendsIncomeStatementImpact
|
$16.10M | USD | 1 Quarter |
| Accumulation of yield on preferred stock |
PreferredStockDividendsIncomeStatementImpact
|
$16.10M | USD | 1 Quarter |
| Net income available to common stockholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$30.90M | USD | 1 Quarter |
| Net income available to common stockholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$147.90M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.05 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.25 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.05 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.25 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
573.70M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
581.10M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
581.30M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
589.10M | shares | 1 Quarter |
Cash Flow Statement
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$164.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$47.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$96.50M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$89.00M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$8.40M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$11.40M | USD | 1 Quarter |
| Provision for accounts receivable and inventory |
ProvisionForAccountsReceivableAndInventory
|
$7.90M | USD | 1 Quarter |
| Provision for accounts receivable and inventory |
ProvisionForAccountsReceivableAndInventory
|
$16.60M | USD | 1 Quarter |
| Deferred income tax benefit |
DeferredIncomeTaxExpenseBenefit
|
$-5.30M | USD | 1 Quarter |
| Deferred income tax benefit |
DeferredIncomeTaxExpenseBenefit
|
$-4.20M | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$6.90M | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$3.90M | USD | 1 Quarter |
| Loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
- | USD | 1 Quarter |
| Loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-5.20M | USD | 1 Quarter |
| Foreign currency remeasurement loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-6.70M | USD | 1 Quarter |
| Foreign currency remeasurement loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-2.70M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$106.80M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$80.10M | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$-2.30M | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$54.30M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$30.30M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$67.00M | USD | 1 Quarter |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$60.80M | USD | 1 Quarter |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$-17.70M | USD | 1 Quarter |
| Other assets and liabilities |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$5.90M | USD | 1 Quarter |
| Other assets and liabilities |
IncreaseDecreaseInOtherOperatingCapitalNet
|
$-24.50M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-700.00K | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-2.50M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$126.90M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$253.10M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$12.60M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$15.10M | USD | 1 Quarter |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
$-700.00K | USD | 1 Quarter |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
$-500.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-11.90M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-14.60M | USD | 1 Quarter |
| Debt repayments |
RepaymentsOfLongTermDebt
|
$63.80M | USD | 1 Quarter |
| Debt repayments |
RepaymentsOfLongTermDebt
|
$208.60M | USD | 1 Quarter |
| Payments of dividends on preferred stock |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$16.10M | USD | 1 Quarter |
| Payments of dividends on preferred stock |
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
$16.10M | USD | 1 Quarter |
| Proceeds received from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$19.90M | USD | 1 Quarter |
| Proceeds received from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$6.80M | USD | 1 Quarter |
| Shares repurchased to satisfy employee tax obligations for vested stock-based awards |
ProceedsFromPaymentsForOtherFinancingActivities
|
- | USD | 1 Quarter |
| Shares repurchased to satisfy employee tax obligations for vested stock-based awards |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-16.20M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-221.00M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-73.10M | USD | 1 Quarter |
| Effect of currency rate changes on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-8.50M | USD | 1 Quarter |
| Effect of currency rate changes on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-5.40M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-114.10M | USD | 1 Quarter |
| Net change in cash and cash equivalents |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$159.60M | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$289.20M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$189.30M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$348.90M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$175.10M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$289.20M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$189.30M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$348.90M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$175.10M | USD | Point-in-time |
Comprehensive Income
20 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$164.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$47.00M | USD | 1 Quarter |
| Foreign currency translation unrealized loss |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
$-33.50M | USD | 1 Quarter |
| Foreign currency translation unrealized loss |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
$-68.80M | USD | 1 Quarter |
| Unrealized (loss) gain |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
$1.60M | USD | 1 Quarter |
| Unrealized (loss) gain |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
$-900.00K | USD | 1 Quarter |
| Reclassification of loss (gain) into earnings |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
|
$100.00K | USD | 1 Quarter |
| Reclassification of loss (gain) into earnings |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
|
$-700.00K | USD | 1 Quarter |
| Unrealized gain |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
|
$-600.00K | USD | 1 Quarter |
| Unrealized gain |
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeReclassificationAdjustmentsAndTax
|
$-400.00K | USD | 1 Quarter |
| Reclassification of gain into earnings |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
|
$-100.00K | USD | 1 Quarter |
| Reclassification of gain into earnings |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
|
- | USD | 1 Quarter |
| Other comprehensive loss before income taxes |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$-33.10M | USD | 1 Quarter |
| Other comprehensive loss before income taxes |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$-67.00M | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$4.70M | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$400.00K | USD | 1 Quarter |
| Other comprehensive loss |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-37.80M | USD | 1 Quarter |
| Other comprehensive loss |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-67.40M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$126.20M | USD | 1 Quarter |
| Comprehensive income (loss) |
ComprehensiveIncomeNetOfTax
|
$-20.40M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.