10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001722482-22-000114 |
| Period End Date | 20220331 |
| Filing Date | 20220429 |
| Fiscal Year | 2022 |
| Fiscal Period | Q1 |
| XBRL Instance | avtr-20220331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
66 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Accounts receivable, net of allowances of $26.8 and $26.4 |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$26.80M | USD | Point-in-time |
| Accounts receivable, net of allowances of $26.8 and $26.4 |
AllowanceForDoubtfulAccountsReceivableCurrent
|
$26.40M | USD | Point-in-time |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$445.20M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$301.70M | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$283.60M | USD | Point-in-time |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment |
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
$463.00M | USD | Point-in-time |
| Preferred Stock, Shares Outstanding |
PreferredStockSharesOutstanding
|
20.70M | shares | Point-in-time |
| Accounts receivable, net of allowances of $26.8 and $26.4 |
AccountsReceivableNetCurrent
|
$1.22B | USD | Point-in-time |
| Accounts receivable, net of allowances of $26.8 and $26.4 |
AccountsReceivableNetCurrent
|
$1.35B | USD | Point-in-time |
| Preferred Stock, Shares Outstanding |
PreferredStockSharesOutstanding
|
20.70M | shares | Point-in-time |
| Inventory |
InventoryNet
|
$872.00M | USD | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
609.70M | shares | Point-in-time |
| Inventory |
InventoryNet
|
$896.00M | USD | Point-in-time |
| Common Stock, Shares, Outstanding |
CommonStockSharesOutstanding
|
610.30M | shares | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$81.40M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$81.30M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.48B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$2.61B | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation of $463.0 and $445.2 |
PropertyPlantAndEquipmentNet
|
$699.90M | USD | Point-in-time |
| Property, plant and equipment, net of accumulated depreciation of $463.0 and $445.2 |
PropertyPlantAndEquipmentNet
|
$705.50M | USD | Point-in-time |
| Other intangible assets, net (see note 7) |
OtherIntangibleAssetsNet
|
$5.01B | USD | Point-in-time |
| Other intangible assets, net (see note 7) |
OtherIntangibleAssetsNet
|
$5.14B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$5.34B | USD | Point-in-time |
| Goodwill |
Goodwill
|
$5.27B | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$233.10M | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$252.00M | USD | Point-in-time |
| Total assets |
Assets
|
$13.84B | USD | Point-in-time |
| Total assets |
Assets
|
$13.90B | USD | Point-in-time |
| Current portion of debt |
LongTermDebtCurrent
|
$45.20M | USD | Point-in-time |
| Current portion of debt |
LongTermDebtCurrent
|
$44.70M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$755.10M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$818.20M | USD | Point-in-time |
| Employee-related liabilities |
EmployeeRelatedLiabilitiesCurrent
|
$134.90M | USD | Point-in-time |
| Employee-related liabilities |
EmployeeRelatedLiabilitiesCurrent
|
$199.70M | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$39.80M | USD | Point-in-time |
| Accrued interest |
InterestPayableCurrent
|
$49.80M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$409.50M | USD | Point-in-time |
| Other current liabilities |
OtherLiabilitiesCurrent
|
$401.00M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.45B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$1.45B | USD | Point-in-time |
| Debt, net of current portion |
LongTermDebtNoncurrent
|
$6.82B | USD | Point-in-time |
| Debt, net of current portion |
LongTermDebtNoncurrent
|
$6.98B | USD | Point-in-time |
| Deferred income tax liabilities |
DeferredIncomeTaxLiabilitiesNet
|
$913.00M | USD | Point-in-time |
| Deferred income tax liabilities |
DeferredIncomeTaxLiabilitiesNet
|
$854.40M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$361.10M | USD | Point-in-time |
| Other liabilities |
OtherLiabilitiesNoncurrent
|
$358.40M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$9.48B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$9.70B | 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, 610.3 and 609.7 shares outstanding |
CommonStocksIncludingAdditionalPaidInCapital
|
$2.75B | USD | Point-in-time |
| Common stock including paid-in capital, 610.3 and 609.7 shares outstanding |
CommonStocksIncludingAdditionalPaidInCapital
|
$2.75B | USD | Point-in-time |
| Accumulated earnings |
RetainedEarningsAccumulatedDeficit
|
$674.30M | USD | Point-in-time |
| Accumulated earnings |
RetainedEarningsAccumulatedDeficit
|
$483.90M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-16.10M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$21.70M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-69.30M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-43.20M | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$4.36B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$4.20B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$2.81B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$2.67B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$13.84B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$13.90B | USD | Point-in-time |
Income Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net sales |
Revenues
|
$1.79B | USD | 1 Quarter |
| Net sales |
Revenues
|
$1.95B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$1.17B | USD | 1 Quarter |
| Cost of sales |
CostOfGoodsAndServicesSold
|
$1.26B | USD | 1 Quarter |
| Gross profit |
GrossProfit
|
$689.90M | 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
|
$382.90M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$266.30M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$307.00M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$51.50M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$64.80M | USD | 1 Quarter |
| Loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-1.80M | 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
|
$1.40M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$241.80M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$211.40M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$47.40M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$51.40M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$190.40M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$164.00M | 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
|
$174.30M | USD | 1 Quarter |
| Net income available to common stockholders |
NetIncomeLossAvailableToCommonStockholdersBasic
|
$147.90M | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.25 | USD | 1 Quarter |
| Basic |
EarningsPerShareBasic
|
$0.29 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.25 | USD | 1 Quarter |
| Diluted |
EarningsPerShareDiluted
|
$0.28 | USD | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
581.10M | shares | 1 Quarter |
| Basic |
WeightedAverageNumberOfSharesOutstandingBasic
|
610.10M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
589.10M | shares | 1 Quarter |
| Diluted |
WeightedAverageNumberOfDilutedSharesOutstanding
|
681.30M | shares | 1 Quarter |
Cash Flow Statement
60 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$190.40M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$164.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$89.00M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$114.50M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$10.70M | 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
|
$15.90M | USD | 1 Quarter |
| Deferred income tax (benefit) |
DeferredIncomeTaxExpenseBenefit
|
$-5.30M | USD | 1 Quarter |
| Deferred income tax (benefit) |
DeferredIncomeTaxExpenseBenefit
|
$-22.30M | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$3.90M | USD | 1 Quarter |
| Amortization of deferred financing costs |
AmortizationOfFinancingCosts
|
$4.40M | USD | 1 Quarter |
| Loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-1.80M | USD | 1 Quarter |
| Loss on extinguishment of debt |
GainsLossesOnExtinguishmentOfDebt
|
$-5.20M | USD | 1 Quarter |
| Foreign currency remeasurement (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$1.80M | USD | 1 Quarter |
| Foreign currency remeasurement (gain) loss |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-2.70M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$137.30M | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$106.80M | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$46.40M | USD | 1 Quarter |
| Inventory |
IncreaseDecreaseInInventories
|
$54.30M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$73.20M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayableTrade
|
$30.30M | USD | 1 Quarter |
| Accrued interest |
IncreaseDecreaseInInterestPayableNet
|
$-10.00M | 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
|
$46.20M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-5.30M | USD | 1 Quarter |
| Other, net |
OtherNoncashIncomeExpense
|
$-2.50M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$152.20M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$126.90M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$15.10M | USD | 1 Quarter |
| Capital expenditures |
PaymentsToAcquirePropertyPlantAndEquipment
|
$24.50M | USD | 1 Quarter |
| Cash paid for acquisitions, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$15.30M | USD | 1 Quarter |
| Cash paid for acquisitions, net of cash acquired |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
$-300.00K | USD | 1 Quarter |
| Other |
PaymentsForProceedsFromOtherInvestingActivities
|
$-500.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-39.50M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-14.60M | USD | 1 Quarter |
| Debt repayments, net |
RepaymentsOfLongTermDebt
|
$208.60M | USD | 1 Quarter |
| Debt repayments, net |
RepaymentsOfLongTermDebt
|
$111.90M | 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
|
$5.70M | USD | 1 Quarter |
| Proceeds received from exercise of stock options |
ProceedsFromStockOptionsExercised
|
$19.90M | USD | 1 Quarter |
| Shares repurchased to satisfy employee tax obligations for vested stock-based awards |
ProceedsFromPaymentsForOtherFinancingActivities
|
$-4.90M | 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
|
$-127.20M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-221.00M | USD | 1 Quarter |
| Effect of currency rate changes on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-4.20M | USD | 1 Quarter |
| Effect of currency rate changes on cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-5.40M | USD | 1 Quarter |
| Net change in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-114.10M | USD | 1 Quarter |
| Net change in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-18.70M | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$308.40M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$327.10M | USD | Point-in-time |
| 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
|
$175.10M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$308.40M | USD | Point-in-time |
| Cash, cash equivalents and restricted cash, end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$327.10M | 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
|
$175.10M | USD | Point-in-time |
Comprehensive Income
18 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$190.40M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$164.00M | USD | 1 Quarter |
| Foreign currency translation unrealized loss |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
$-27.00M | USD | 1 Quarter |
| Foreign currency translation unrealized loss |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossBeforeReclassificationAndTax
|
$-33.50M | USD | 1 Quarter |
| Unrealized loss |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
$-900.00K | USD | 1 Quarter |
| Unrealized loss |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAndTax
|
$-300.00K | USD | 1 Quarter |
| Reclassification of (gain) loss into earnings |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
|
$200.00K | USD | 1 Quarter |
| Reclassification of (gain) loss into earnings |
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationBeforeTax
|
$-700.00K | USD | 1 Quarter |
| Activity related to defined benefit plans |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
|
$4.50M | USD | 1 Quarter |
| Activity related to defined benefit plans |
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansBeforeTax
|
$600.00K | USD | 1 Quarter |
| Other comprehensive loss before income taxes |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$-33.10M | USD | 1 Quarter |
| Other comprehensive loss before income taxes |
OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent
|
$-23.00M | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$4.70M | USD | 1 Quarter |
| Income tax effect |
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
$3.10M | USD | 1 Quarter |
| Other comprehensive loss |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-26.10M | USD | 1 Quarter |
| Other comprehensive loss |
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
$-37.80M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$126.20M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$164.30M | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.