2022 Q1 Form 10-Q Financial Statement
#000077149722000004 Filed on March 09, 2022
Income Statement
Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
---|---|---|---|
Revenue | $1.936B | $1.696B | $1.492B |
YoY Change | 29.74% | 14.21% | -7.47% |
Cost Of Revenue | $1.660B | $1.446B | $1.249B |
YoY Change | 32.83% | 17.86% | -12.85% |
Gross Profit | $276.6M | $249.4M | $243.0M |
YoY Change | 13.83% | 2.89% | 35.6% |
Gross Profit Margin | 14.29% | 14.71% | 16.28% |
Selling, General & Admin | $153.1M | $180.9M | $122.6M |
YoY Change | 24.88% | 6.22% | 4.25% |
% of Gross Profit | 55.35% | 72.53% | 50.45% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $27.70M | $23.70M | $22.30M |
YoY Change | 24.22% | 2.16% | -8.61% |
% of Gross Profit | 10.01% | 9.5% | 9.18% |
Operating Expenses | $153.1M | $193.7M | $122.6M |
YoY Change | 24.88% | 6.37% | 4.25% |
Operating Profit | $106.0M | $55.70M | $109.7M |
YoY Change | -3.37% | -7.63% | 139.52% |
Interest Expense | $6.200M | -$5.300M | $8.500M |
YoY Change | -27.06% | -46.46% | -16.67% |
% of Operating Profit | 5.85% | -9.52% | 7.75% |
Other Income/Expense, Net | $100.0K | ||
YoY Change | |||
Pretax Income | $100.3M | $50.40M | $101.9M |
YoY Change | -1.57% | -20.0% | 179.18% |
Income Tax | $24.30M | $16.10M | $27.20M |
% Of Pretax Income | 24.23% | 31.94% | 26.69% |
Net Earnings | $76.00M | $34.30M | $74.60M |
YoY Change | 1.88% | -35.4% | 166.43% |
Net Earnings / Revenue | 3.93% | 2.02% | 5.0% |
Basic Earnings Per Share | $1.12 | $1.11 | |
Diluted Earnings Per Share | $1.11 | $500.0K | $1.10 |
COMMON SHARES | |||
Basic Shares Outstanding | 67.90M shares | 67.32M shares | 67.20M shares |
Diluted Shares Outstanding | 68.30M shares | 67.60M shares |
Balance Sheet
Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $46.60M | $62.80M | $378.3M |
YoY Change | -87.68% | -84.07% | 441.98% |
Cash & Equivalents | $46.60M | $62.80M | $378.3M |
Short-Term Investments | |||
Other Short-Term Assets | $63.80M | $60.00M | $55.50M |
YoY Change | 14.95% | 7.33% | -6.72% |
Inventory | |||
Prepaid Expenses | $88.00M | $88.70M | $85.10M |
Receivables | $1.279B | $1.190B | $955.8M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $1.478B | $1.401B | $1.475B |
YoY Change | 0.2% | -2.82% | 14.76% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $110.9M | $111.9M | $127.3M |
YoY Change | -12.88% | -16.31% | -13.22% |
Goodwill | $2.237B | $2.229B | $1.675B |
YoY Change | 33.59% | 33.36% | -8.8% |
Intangibles | |||
YoY Change | |||
Long-Term Investments | $15.30M | $11.70M | $11.80M |
YoY Change | 29.66% | 6.36% | 19.19% |
Other Assets | $132.7M | $131.2M | $128.7M |
YoY Change | 3.11% | -3.6% | 6.01% |
Total Long-Term Assets | $3.027B | $3.035B | $2.308B |
YoY Change | 31.19% | 29.98% | -9.94% |
TOTAL ASSETS | |||
Total Short-Term Assets | $1.478B | $1.401B | $1.475B |
Total Long-Term Assets | $3.027B | $3.035B | $2.308B |
Total Assets | $4.505B | $4.436B | $3.782B |
YoY Change | 19.11% | 17.46% | -1.69% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $261.5M | $289.4M | $217.5M |
YoY Change | 20.23% | 5.89% | -10.35% |
Accrued Expenses | $716.1M | $723.2M | $456.5M |
YoY Change | 56.87% | 82.3% | 27.51% |
Deferred Revenue | $68.00M | $58.50M | $53.10M |
YoY Change | 28.06% | 60.71% | 43.9% |
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $31.40M | $31.40M | $116.9M |
YoY Change | -73.14% | -73.09% | 61.69% |
Total Short-Term Liabilities | $1.268B | $1.286B | $1.018B |
YoY Change | 24.56% | 30.29% | 16.84% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $971.9M | $852.8M | $573.8M |
YoY Change | 69.38% | 41.43% | -27.03% |
Other Long-Term Liabilities | $56.60M | $123.5M | $122.2M |
YoY Change | -53.68% | -26.53% | 110.33% |
Total Long-Term Liabilities | $1.029B | $976.3M | $696.0M |
YoY Change | 47.77% | 26.61% | -17.57% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.268B | $1.286B | $1.018B |
Total Long-Term Liabilities | $1.029B | $976.3M | $696.0M |
Total Liabilities | $2.850B | $2.827B | $2.213B |
YoY Change | 28.77% | 24.18% | -3.25% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $942.1M | $880.2M | $867.5M |
YoY Change | 8.6% | 9.15% | -0.47% |
Common Stock | $737.7M | $751.6M | $727.6M |
YoY Change | 1.39% | 3.7% | 2.12% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.655B | $1.609B | $1.569B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $4.505B | $4.436B | $3.782B |
YoY Change | 19.11% | 17.46% | -1.69% |
Cashflow Statement
Concept | 2022 Q1 | 2021 Q4 | 2021 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $76.00M | $34.30M | $74.60M |
YoY Change | 1.88% | -35.4% | 166.43% |
Depreciation, Depletion And Amortization | $27.70M | $23.70M | $22.30M |
YoY Change | 24.22% | 2.16% | -8.61% |
Cash From Operating Activities | -$93.60M | $55.50M | $45.30M |
YoY Change | -306.62% | -72.07% | -232.07% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $9.600M | -$11.00M | $6.600M |
YoY Change | 45.45% | 20.88% | -42.61% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $200.0K | -$707.8M | $1.400M |
YoY Change | -85.71% | 235833.33% | -84.78% |
Cash From Investing Activities | -$12.40M | -$718.8M | -$5.200M |
YoY Change | 138.46% | 7546.81% | 126.09% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $13.30M | $0.00 | |
YoY Change | |||
Debt Paid & Issued, Net | $356.6M | $32.60M | |
YoY Change | 993.87% | -91.16% | |
Cash From Financing Activities | $90.30M | 221.1M | -$57.80M |
YoY Change | -256.23% | -950.38% | -219.42% |
NET CHANGE | |||
Cash From Operating Activities | -$93.60M | 55.50M | $45.30M |
Cash From Investing Activities | -$12.40M | -718.8M | -$5.200M |
Cash From Financing Activities | $90.30M | 221.1M | -$57.80M |
Net Change In Cash | -$16.20M | -442.2M | -$15.90M |
YoY Change | 1.89% | -370.79% | -239.47% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$93.60M | $55.50M | $45.30M |
Capital Expenditures | $9.600M | -$11.00M | $6.600M |
Free Cash Flow | -$103.2M | $66.50M | $38.70M |
YoY Change | -366.67% | -68.0% | -184.5% |
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CostOfGoodsAndServicesSold
|
1249400000 | USD |
CY2022Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
153100000 | USD |
CY2021Q1 | us-gaap |
Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
|
122600000 | USD |
CY2022Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
17500000 | USD |
CY2021Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
10800000 | USD |
CY2022Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
106000000.0 | USD |
CY2021Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
109700000 | USD |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
500000 | USD |
CY2021Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
600000 | USD |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.12 | |
CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
6200000 | USD |
CY2021Q1 | us-gaap |
Interest Expense
InterestExpense
|
8500000 | USD |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
100300000 | USD |
CY2021Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
101900000 | USD |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
24300000 | USD |
CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
27200000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
76000000.0 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
74600000 | USD |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
|
600000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationBeforeTax
|
1200000 | USD |
CY2022Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
-2400000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
4000000.0 | USD |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
200000 | USD |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Tax Portion Attributable To Parent1
OtherComprehensiveIncomeLossTaxPortionAttributableToParent1
|
400000 | USD |
CY2022Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
74000000.0 | USD |
CY2021Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
79500000 | USD |
CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.11 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.11 | |
CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.10 | |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
67900000 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
67200000 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
68300000 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
67600000 | shares |
CY2022Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.195 | |
CY2021Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.190 | |
CY2022Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1655200000 | USD |
CY2021Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1569100000 | USD |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
76000000.0 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
74600000 | USD |
CY2022Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
27700000 | USD |
CY2021Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
22300000 | USD |
CY2022Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
9300000 | USD |
CY2021Q1 | us-gaap |
Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
|
-7400000 | USD |
CY2022Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8500000 | USD |
CY2021Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
8500000 | USD |
CY2022Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
900000 | USD |
CY2021Q1 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
3000000.0 | USD |
CY2022Q1 | us-gaap |
Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
|
-1400000 | USD |
CY2021Q1 | us-gaap |
Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
|
-1600000 | USD |
CY2022Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
300000 | USD |
CY2021Q1 | us-gaap |
Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
|
-1000000.0 | USD |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
500000 | USD |
CY2021Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
600000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
90300000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
52300000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
1100000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-800000 | USD |
CY2022Q1 | abm |
Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
|
-2300000 | USD |
CY2021Q1 | abm |
Increase Decrease In Operating Lease Right Of Use Asset
IncreaseDecreaseInOperatingLeaseRightOfUseAsset
|
-6900000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
1300000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Noncurrent Assets
IncreaseDecreaseInOtherNoncurrentAssets
|
-5900000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-41800000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-3000000.0 | USD |
CY2022Q1 | abm |
Increase Decrease In Lease Liabilities Noncurrent
IncreaseDecreaseInLeaseLiabilitiesNoncurrent
|
-2100000 | USD |
CY2021Q1 | abm |
Increase Decrease In Lease Liabilities Noncurrent
IncreaseDecreaseInLeaseLiabilitiesNoncurrent
|
-6100000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
|
-17500000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Self Insurance Reserve
IncreaseDecreaseInSelfInsuranceReserve
|
-4600000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
4700000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
|
32500000 | USD |
CY2022Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-66500000 | USD |
CY2021Q1 | us-gaap |
Increase Decrease In Other Noncurrent Liabilities
IncreaseDecreaseInOtherNoncurrentLiabilities
|
-34500000 | USD |
CY2022Q1 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-169600000 | USD |
CY2021Q1 | us-gaap |
Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
|
-29300000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-93600000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
45300000 | USD |
CY2022Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
9600000 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6600000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
|
200000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Sale Of Other Assets Investing Activities
ProceedsFromSaleOfOtherAssetsInvestingActivities
|
1400000 | USD |
CY2022Q1 | us-gaap |
Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
|
3000000.0 | USD |
CY2021Q1 | us-gaap |
Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
|
0 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-12400000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-5200000 | USD |
CY2022Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
10000000.0 | USD |
CY2021Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
6500000 | USD |
CY2022Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
13300000 | USD |
CY2021Q1 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
0 | USD |
CY2022Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
13100000 | USD |
CY2021Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
12700000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
475500000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
|
2600000 | USD |
CY2022Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
356600000 | USD |
CY2021Q1 | us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
32600000 | USD |
CY2022Q1 | us-gaap |
Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
|
5900000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Repayments Of Bank Overdrafts
ProceedsFromRepaymentsOfBankOverdrafts
|
-12000000.0 | USD |
CY2022Q1 | us-gaap |
Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
|
2600000 | USD |
CY2021Q1 | us-gaap |
Proceeds From Construction Loans Payable
ProceedsFromConstructionLoansPayable
|
4000000.0 | USD |
CY2022Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
600000 | USD |
CY2021Q1 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
700000 | USD |
CY2022Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
90300000 | USD |
CY2021Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-57800000 | USD |
CY2022Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
-600000 | USD |
CY2021Q1 | us-gaap |
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
1900000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-16200000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-15900000 | USD |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
62800000 | USD |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
394200000 | USD |
CY2022Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
46600000 | USD |
CY2021Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
378300000 | USD |
CY2022Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
THE COMPANY AND NATURE OF OPERATIONS <div style="margin-top:9pt;text-align:justify;text-indent:36pt"><span style="color:#000000;font-family:'Arial',sans-serif;font-size:10pt;font-weight:400;line-height:120%">ABM is a leading provider of integrated facility services with a mission to make a difference, every person, every day. We are organized into four industry groups and one Technical Solutions segment: </span></div><div style="margin-top:9pt;text-align:center"><img alt="abm-20220131_g3.jpg" src="abm-20220131_g3.jpg" style="height:110px;margin-bottom:5pt;vertical-align:text-bottom;width:582px"/></div>Through these groups, we offer janitorial, facilities engineering, parking, and specialized mechanical and electrical technical solutions, on a standalone basis or in combination with other services. | |
CY2022Q1 | abm |
Number Of Industry Groups
NumberOfIndustryGroups
|
4 | industryGroup |
CY2022Q1 | abm |
Number Of Technical Solution Segments
NumberOfTechnicalSolutionSegments
|
1 | segment |
CY2022Q1 | us-gaap |
Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
|
310700000 | USD |
CY2022Q1 | us-gaap |
Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
|
0.80 | |
CY2022Q1 | us-gaap |
Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionPeriod1
|
P12M | |
CY2022Q1 | abm |
Contract With Customer Asset Billed Trade Receivable Current
ContractWithCustomerAssetBilledTradeReceivableCurrent
|
1102700000 | USD |
CY2021Q4 | abm |
Contract With Customer Asset Billed Trade Receivable Current
ContractWithCustomerAssetBilledTradeReceivableCurrent
|
1057600000 | USD |
CY2022Q1 | abm |
Contract With Customer Asset Unbilled Trade Receivables Current
ContractWithCustomerAssetUnbilledTradeReceivablesCurrent
|
141300000 | USD |
CY2021Q4 | abm |
Contract With Customer Asset Unbilled Trade Receivables Current
ContractWithCustomerAssetUnbilledTradeReceivablesCurrent
|
112100000 | USD |
CY2022Q1 | abm |
Contract With Customer Asset Costs Incurred In Excess Of Amounts Billed Current
ContractWithCustomerAssetCostsIncurredInExcessOfAmountsBilledCurrent
|
69100000 | USD |
CY2021Q4 | abm |
Contract With Customer Asset Costs Incurred In Excess Of Amounts Billed Current
ContractWithCustomerAssetCostsIncurredInExcessOfAmountsBilledCurrent
|
52500000 | USD |
CY2022Q1 | abm |
Contract With Customer Asset Capitalized Commissions
ContractWithCustomerAssetCapitalizedCommissions
|
27900000 | USD |
CY2021Q4 | abm |
Contract With Customer Asset Capitalized Commissions
ContractWithCustomerAssetCapitalizedCommissions
|
27800000 | USD |
CY2022Q1 | abm |
Contract With Customer Asset Increase Decrease For New Capitalized Costs
ContractWithCustomerAssetIncreaseDecreaseForNewCapitalizedCosts
|
3500000 | USD |
CY2022Q1 | us-gaap |
Capitalized Contract Cost Amortization
CapitalizedContractCostAmortization
|
3500000 | USD |
CY2022Q1 | us-gaap |
Capitalized Contract Cost Impairment Loss
CapitalizedContractCostImpairmentLoss
|
0 | USD |
CY2021Q4 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
58500000 | USD |
CY2022Q1 | abm |
Contract With Customer Liability Increase Decrease For Additional Contract Liabilities
ContractWithCustomerLiabilityIncreaseDecreaseForAdditionalContractLiabilities
|
72700000 | USD |
CY2022Q1 | abm |
Contract With Customer Liability Including New Contract Revenue Recognized
ContractWithCustomerLiabilityIncludingNewContractRevenueRecognized
|
63200000 | USD |
CY2022Q1 | us-gaap |
Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
|
68000000.0 | USD |
CY2022Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
76000000.0 | USD |
CY2021Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
74600000 | USD |
CY2022Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
67900000 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
67200000 | shares |
CY2022Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
68300000 | shares |
CY2021Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
67600000 | shares |
CY2022Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.12 | |
CY2021Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
1.11 | |
CY2022Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.11 | |
CY2021Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
1.10 | |
CY2022Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
0 | shares |
CY2021Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
100000 | shares |
CY2022Q1 | abm |
Insurance Policy Coverage General Liability And Automobile Liability Losses
InsurancePolicyCoverageGeneralLiabilityAndAutomobileLiabilityLosses
|
200000000 | USD |
CY2022Q1 | abm |
Property Damage Policy Limit
PropertyDamagePolicyLimit
|
75000000 | USD |
CY2022Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
|
-25200000 | USD |
CY2021Q1 | us-gaap |
Supplemental Information For Property Casualty Insurance Underwriters Prior Year Claims And Claims Adjustment Expense
SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense
|
-11400000 | USD |
CY2022Q1 | us-gaap |
Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
|
66500000 | USD |
CY2021Q4 | us-gaap |
Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
|
66500000 | USD |
CY2022Q1 | abm |
Instruments Used To Collateralize Insurance Obligations
InstrumentsUsedToCollateralizeInsuranceObligations
|
242400000 | USD |
CY2021Q4 | abm |
Instruments Used To Collateralize Insurance Obligations
InstrumentsUsedToCollateralizeInsuranceObligations
|
242300000 | USD |
CY2021Q2 | us-gaap |
Deferred Finance Costs Gross
DeferredFinanceCostsGross
|
12600000 | USD |
CY2022Q1 | abm |
Loans Payable Current Gross
LoansPayableCurrentGross
|
32500000 | USD |
CY2021Q4 | abm |
Loans Payable Current Gross
LoansPayableCurrentGross
|
32500000 | USD |
CY2022Q1 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
1100000 | USD |
CY2021Q4 | us-gaap |
Deferred Finance Costs Current Net
DeferredFinanceCostsCurrentNet
|
1100000 | USD |
CY2022Q1 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
31400000 | USD |
CY2021Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
31400000 | USD |
CY2022Q1 | abm |
Loans Payable Noncurrent Gross
LoansPayableNoncurrentGross
|
593100000 | USD |
CY2021Q4 | abm |
Loans Payable Noncurrent Gross
LoansPayableNoncurrentGross
|
601300000 | USD |
CY2022Q1 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
3200000 | USD |
CY2021Q4 | us-gaap |
Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
|
3500000 | USD |
CY2022Q1 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
589900000 | USD |
CY2021Q4 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
597800000 | USD |
CY2022Q1 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
382000000.0 | USD |
CY2021Q4 | us-gaap |
Long Term Line Of Credit
LongTermLineOfCredit
|
255000000.0 | USD |
CY2022Q1 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
971900000 | USD |
CY2021Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
852800000 | USD |
CY2022Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
166900000 | USD |
CY2022Q1 | us-gaap |
Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
|
749300000 | USD |
CY2022Q1 | us-gaap |
Debt Instrument Periodic Payment Principal
DebtInstrumentPeriodicPaymentPrincipal
|
8100000 | USD |
CY2022Q1 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
|
500000 | USD |
CY2022Q1 | abm |
Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Tax
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsTax
|
300000 | USD |
CY2019Q4 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
150000000 | USD |
CY2022Q1 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
131600000 | USD |
CY2022Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
300000 | shares |
CY2022Q1 | abm |
Stock Repurchase Average Cost Per Share
StockRepurchaseAverageCostPerShare
|
44.23 | |
CY2022Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
13300000 | USD |
CY2022Q1 | us-gaap |
Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
|
166900000 | USD |
CY2022Q1 | abm |
Surety Bonds
SuretyBonds
|
700400000 | USD |
CY2022Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.242 | |
CY2021Q1 | us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.267 | |
CY2022Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
24300000 | USD |
CY2021Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
27200000 | USD |
CY2022Q1 | abm |
Effective Income Tax Rate Reconciliation Change In Tax Reserves Amount
EffectiveIncomeTaxRateReconciliationChangeInTaxReservesAmount
|
-3500000 | USD |
CY2020Q4 | abm |
Social Security Tax Employer Deferral Cares Act
SocialSecurityTaxEmployerDeferralCARESAct
|
132000000 | USD |
CY2021Q4 | abm |
Social Security Tax Employer Payment Cares Act
SocialSecurityTaxEmployerPaymentCARESAct
|
66000000 | USD |
CY2022Q1 | abm |
Social Security Tax Employer Deferral Cares Act
SocialSecurityTaxEmployerDeferralCARESAct
|
66000000 | USD |
CY2022Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1936200000 | USD |
CY2021Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1492400000 | USD |
CY2022Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
106000000.0 | USD |
CY2021Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
109700000 | USD |
CY2022Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
500000 | USD |
CY2021Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
600000 | USD |
CY2022Q1 | us-gaap |
Interest Expense
InterestExpense
|
6200000 | USD |
CY2021Q1 | us-gaap |
Interest Expense
InterestExpense
|
8500000 | USD |
CY2022Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
100300000 | USD |
CY2021Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
101900000 | USD |