$AOS
A O Smith Corp

2018 Q1 Form 10-Q Financial Statement

#000119312518154400 Filed on May 07, 2018

View on sec.gov

Income Statement

Concept 2018 Q1 2017 Q1
Revenue $788.0M $740.0M
YoY Change 6.49% 16.19%
Cost Of Revenue $466.5M $439.1M
YoY Change 6.24% 17.34%
Gross Profit $321.5M $300.9M
YoY Change 6.85% 14.54%
Gross Profit Margin 40.8% 40.66%
Selling, General & Admin $192.9M $183.2M
YoY Change 5.29% 14.93%
% of Gross Profit 60.0% 60.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.90M $16.90M
YoY Change 5.92% 4.32%
% of Gross Profit 5.57% 5.62%
Operating Expenses $192.9M $183.2M
YoY Change 5.29% 14.93%
Operating Profit $142.0M $136.6M
YoY Change 3.95% 15.08%
Interest Expense $2.300M $2.200M
YoY Change 4.55% 29.41%
% of Operating Profit 1.62% 1.61%
Other Income/Expense, Net $5.800M $4.900M
YoY Change 18.37% 145.0%
Pretax Income $125.4M $120.4M
YoY Change 4.15% 16.22%
Income Tax $26.60M $32.70M
% Of Pretax Income 21.21% 27.16%
Net Earnings $98.80M $87.70M
YoY Change 12.66% 19.32%
Net Earnings / Revenue 12.54% 11.85%
Basic Earnings Per Share $0.58 $0.51
Diluted Earnings Per Share $0.57 $0.50
COMMON SHARES
Basic Shares Outstanding 171.5M 173.4M shares
Diluted Shares Outstanding 173.4M 175.4M shares

Balance Sheet

Concept 2018 Q1 2017 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $679.7M $722.3M
YoY Change -5.9% 12.72%
Cash & Equivalents $241.9M $293.4M
Short-Term Investments $437.8M $428.9M
Other Short-Term Assets $63.50M $42.00M
YoY Change 51.19% -12.5%
Inventory $287.1M $257.1M
Prepaid Expenses
Receivables $638.8M $584.1M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.669B $1.606B
YoY Change 3.96% 12.6%
LONG-TERM ASSETS
Property, Plant & Equipment $538.1M $467.6M
YoY Change 15.08% 3.77%
Goodwill $515.7M $491.8M
YoY Change 4.86% 16.15%
Intangibles $304.7M $305.1M
YoY Change -0.13% 5.75%
Long-Term Investments
YoY Change
Other Assets $79.30M $70.20M
YoY Change 12.96% 12.86%
Total Long-Term Assets $1.438B $1.335B
YoY Change 7.72% 8.98%
TOTAL ASSETS
Total Short-Term Assets $1.669B $1.606B
Total Long-Term Assets $1.438B $1.335B
Total Assets $3.107B $2.940B
YoY Change 5.67% 10.93%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $522.1M $493.5M
YoY Change 5.8% 26.86%
Accrued Expenses $136.6M $116.7M
YoY Change 17.05% 17.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.400M $7.200M
YoY Change 2.78% -45.45%
Total Short-Term Liabilities $766.9M $720.5M
YoY Change 6.44% 19.68%
LONG-TERM LIABILITIES
Long-Term Debt $285.8M $362.2M
YoY Change -21.09% 32.14%
Other Long-Term Liabilities $304.6M $188.7M
YoY Change 61.42% 12.59%
Total Long-Term Liabilities $590.4M $550.9M
YoY Change 7.17% 24.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $766.9M $720.5M
Total Long-Term Liabilities $590.4M $550.9M
Total Liabilities $1.399B $1.374B
YoY Change 1.8% 17.21%
SHAREHOLDERS EQUITY
Retained Earnings $1.857B $1.656B
YoY Change 12.08% 18.06%
Common Stock $656.1M $646.9M
YoY Change 1.42% -7.82%
Preferred Stock
YoY Change
Treasury Stock (at cost) $659.5M $516.1M
YoY Change 27.79% 33.05%
Treasury Stock Shares
Shareholders Equity $1.708B $1.566B
YoY Change
Total Liabilities & Shareholders Equity $3.107B $2.940B
YoY Change 5.67% 10.93%

Cashflow Statement

Concept 2018 Q1 2017 Q1
OPERATING ACTIVITIES
Net Income $98.80M $87.70M
YoY Change 12.66% 19.32%
Depreciation, Depletion And Amortization $17.90M $16.90M
YoY Change 5.92% 4.32%
Cash From Operating Activities $43.20M -$11.50M
YoY Change -475.65% -143.4%
INVESTING ACTIVITIES
Capital Expenditures -$17.30M -$16.80M
YoY Change 2.98% -13.4%
Acquisitions
YoY Change
Other Investing Activities $52.20M -$1.100M
YoY Change -4845.45% -90.09%
Cash From Investing Activities $34.90M -$17.90M
YoY Change -294.97% -41.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $33.10M $30.10M
YoY Change 9.97% -1.31%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -182.8M -7.600M
YoY Change 2305.26% -46.1%
NET CHANGE
Cash From Operating Activities 43.20M -11.50M
Cash From Investing Activities 34.90M -17.90M
Cash From Financing Activities -182.8M -7.600M
Net Change In Cash -104.7M -37.00M
YoY Change 182.97% -239.62%
FREE CASH FLOW
Cash From Operating Activities $43.20M -$11.50M
Capital Expenditures -$17.30M -$16.80M
Free Cash Flow $60.50M $5.300M
YoY Change 1041.51% -88.45%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
142600000
CY2017Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
293400000
CY2018Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
240000000 shares
CY2018Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2018Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
164511159 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1766015 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
24.29
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2526621 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
32.39
CY2018Q1 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
600000
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1856500000
CY2018Q1 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
142900000
CY2018Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
304600000
CY2018Q1 us-gaap Line Of Credit Facility Current Borrowing Capacity
LineOfCreditFacilityCurrentBorrowingCapacity
500000000
CY2018Q1 us-gaap Liabilities
Liabilities
1398500000
CY2018Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3106900000
CY2018Q1 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
56800000
CY2018Q1 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
41200000
CY2018Q1 us-gaap Customer Deposits Current
CustomerDepositsCurrent
57400000
CY2018Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-275700000
CY2018Q1 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
522100000
CY2018Q1 us-gaap Stockholders Equity
StockholdersEquity
1708400000
CY2018Q1 us-gaap Restructuring Reserve
RestructuringReserve
6700000
CY2018Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
285800000
CY2018Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
700000000
CY2018Q1 us-gaap Common Stock Value
CommonStockValue
164500000
CY2018Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
491600000
CY2018Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
547000000
CY2018Q1 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
6200000
CY2018Q1 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5800000
CY2018Q1 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
44000000
CY2018Q1 us-gaap Long Term Debt Current
LongTermDebtCurrent
7400000
CY2018Q1 us-gaap Liabilities Current
LiabilitiesCurrent
766900000
CY2018Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
22400000
CY2018Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
136600000
CY2018Q1 us-gaap Assets Current
AssetsCurrent
1669100000
CY2018Q1 us-gaap Inventory Gross
InventoryGross
309500000
CY2018Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
154500000
CY2018Q1 us-gaap Other Assets Current
OtherAssetsCurrent
63500000
CY2018Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
538100000
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
69400000
CY2018Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
241900000
CY2018Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
304700000
CY2018Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
134700000
CY2018Q1 us-gaap Inventory Net
InventoryNet
287100000
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
78800000
CY2018Q1 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
437800000
CY2018Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1085100000
CY2018Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
638800000
CY2018Q1 us-gaap Assets
Assets
3106900000
CY2018Q1 us-gaap Goodwill
Goodwill
515700000
CY2018Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
20300000
CY2018Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
79300000
CY2018Q1 us-gaap Treasury Stock Value
TreasuryStockValue
659500000
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
140900000
CY2017Q4 us-gaap Liabilities
Liabilities
1552500000
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
308700000
CY2017Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
140400000
CY2017Q4 us-gaap Inventory Net
InventoryNet
297000000
CY2017Q4 us-gaap Marketable Securities Current
MarketableSecuritiesCurrent
473400000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
330400000
CY2017Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
240000000 shares
CY2017Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2017Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
164468033 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2263126 shares
CY2017Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
27.73
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1788700000
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
142400000
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
307700000
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3197400000
CY2017Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
90800000
CY2017Q4 us-gaap Defined Benefit Pension Plan Liabilities Noncurrent
DefinedBenefitPensionPlanLiabilitiesNoncurrent
48100000
CY2017Q4 us-gaap Customer Deposits Current
CustomerDepositsCurrent
56000000
CY2017Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-299500000
CY2017Q4 us-gaap Accounts Payable Trade Current
AccountsPayableTradeCurrent
535000000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1644900000
CY2017Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
402900000
CY2017Q4 us-gaap Common Stock Value
CommonStockValue
164500000
CY2017Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
486500000
CY2017Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
531200000
CY2017Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
5300000
CY2017Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
44500000
CY2017Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
7500000
CY2017Q4 us-gaap Liabilities Current
LiabilitiesCurrent
793800000
CY2017Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
22200000
CY2017Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
116000000
CY2017Q4 us-gaap Assets Current
AssetsCurrent
1766900000
CY2017Q4 us-gaap Inventory Gross
InventoryGross
319200000
CY2017Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
160500000
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
57200000
CY2017Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
528900000
CY2017Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
346600000
CY2017Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1060100000
CY2017Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
592700000
CY2017Q4 us-gaap Assets
Assets
3197400000
CY2017Q4 us-gaap Goodwill
Goodwill
516700000
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
18300000
CY2017Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
76200000
CY2017Q4 us-gaap Treasury Stock Value
TreasuryStockValue
626500000
CY2018Q1 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
600000
CY2018Q1 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
6700000
CY2018Q1 us-gaap Severance Costs1
SeveranceCosts1
4000000
CY2018Q1 us-gaap Business Exit Costs1
BusinessExitCosts1
2100000
CY2017 aos Tax Cuts And Jobs Act Of2017 Incomplete Accounting Undistributed Foreign Earnings Provisional Income Tax Expense
TaxCutsAndJobsActOf2017IncompleteAccountingUndistributedForeignEarningsProvisionalIncomeTaxExpense
81800000
CY2017Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.14
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.50
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
-11500000
CY2017Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M12D
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
175419919 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
173380076 shares
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.010 pure
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.024 pure
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
13.04
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.51
CY2017Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2039843 shares
CY2017Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.272 pure
CY2017Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.265 pure
CY2017Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
30100000
CY2017Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-1700000
CY2017Q1 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
1100000
CY2017Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
740000000
CY2017Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
136000000
CY2017Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
16800000
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
136600000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
87700000
CY2017Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
98700000
CY2017Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
24400000
CY2017Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
7300000
CY2017Q1 us-gaap Gross Profit
GrossProfit
300900000
CY2017Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
14400000
CY2017Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4900000
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1100000
CY2017Q1 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
119300000
CY2017Q1 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
2700000
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
120400000
CY2017Q1 us-gaap Derivative Instruments Gain Loss Reclassified From Accumulated Oci Into Income Effective Portion Net
DerivativeInstrumentsGainLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortionNet
-500000
CY2017Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5900000
CY2017Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
7500000
CY2017Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16900000
CY2017Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
32700000
CY2017Q1 us-gaap Interest Expense
InterestExpense
2200000
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-17900000
CY2017Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2600000
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
700000
CY2017Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
134900000
CY2017Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
183200000
CY2017Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-100000
CY2017Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-2100000
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-7600000
CY2017Q1 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
45700000
CY2017Q1 us-gaap Product Warranty Expense
ProductWarrantyExpense
12400000
CY2017Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-37000000
CY2017Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
439100000
CY2017Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
400000
CY2017Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
10700000
CY2017Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
2900000
CY2017Q1 aos Proceeds From Stock Options Activity
ProceedsFromStockOptionsActivity
1200000
CY2017Q1 aos Defined Benefit Plan Future Amortization Of Gains Losses
DefinedBenefitPlanFutureAmortizationOfGainsLosses
-4500000
CY2018Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.18
CY2018Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2018Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2018
CY2018Q1 dei Document Type
DocumentType
10-Q
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.57
CY2018Q1 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2018Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000091142
CY2018Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
43200000
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y
CY2018Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
25.78
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M12D
CY2018Q1 dei Trading Symbol
TradingSymbol
AOS
CY2018Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
173350664 shares
CY2018Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
171532008 shares
CY2018Q1 dei Amendment Flag
AmendmentFlag
false
CY2018Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2018Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1818656 shares
CY2018Q1 us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2021-12-15
CY2018Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
49.39
CY2018Q1 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
61.80
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.010 pure
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.029 pure
CY2018Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
11600 shares
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
14.86
CY2018Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.58
CY2018Q1 dei Document Period End Date
DocumentPeriodEndDate
2018-03-31
CY2018Q1 dei Entity Registrant Name
EntityRegistrantName
SMITH A O CORP
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
348870 shares
CY2018Q1 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
73775 shares
CY2018Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.212 pure
CY2018Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segment
CY2018Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.221 pure
CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
33100000
CY2018Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-1100000
CY2018Q1 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
2900000
CY2018Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
788000000
CY2018Q1 us-gaap Pension Contributions
PensionContributions
30000000
CY2018Q1 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
84700000
CY2018Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
17300000
CY2018Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
142000000
CY2018Q1 us-gaap Net Income Loss
NetIncomeLoss
98800000
CY2018Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
122600000
CY2018Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
31000000
CY2018Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
18400000
CY2018Q1 us-gaap Gross Profit
GrossProfit
321500000
CY2018Q1 us-gaap Defined Benefit Plan Expected Return On Plan Assets
DefinedBenefitPlanExpectedReturnOnPlanAssets
14500000
CY2018Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5800000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
2000000
CY2018Q1 us-gaap Increase Decrease In Other Current Assets And Liabilities Net
IncreaseDecreaseInOtherCurrentAssetsAndLiabilitiesNet
70400000
CY2018Q1 us-gaap Increase Decrease In Other Noncurrent Assets And Liabilities Net
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
9600000
CY2018Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
125400000
CY2018Q1 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6500000
CY2018Q1 us-gaap Defined Benefit Plan Interest Cost
DefinedBenefitPlanInterestCost
7200000
CY2018Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
17900000
CY2018Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
26600000
CY2018Q1 us-gaap Interest Expense
InterestExpense
2300000
CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
34900000
CY2018Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3400000
CY2018Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodTax
700000
CY2018Q1 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
136900000
CY2018Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
192900000
CY2018Q1 us-gaap Defined Benefit Plan Amortization Of Prior Service Cost Credit
DefinedBenefitPlanAmortizationOfPriorServiceCostCredit
-100000
CY2018Q1 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-2200000
CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-182800000
CY2018Q1 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-117300000
CY2018Q1 us-gaap Product Warranty Expense
ProductWarrantyExpense
11600000
CY2018Q1 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
6700000
CY2018Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-104700000
CY2018Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
466500000
CY2018Q1 us-gaap Defined Benefit Plan Service Cost
DefinedBenefitPlanServiceCost
500000
CY2018Q1 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
11100000
CY2018Q1 us-gaap Stock Option Plan Expense
StockOptionPlanExpense
3200000
CY2018Q1 aos Proceeds From Stock Options Activity
ProceedsFromStockOptionsActivity
-1400000
CY2018Q1 aos Number Of Banks Involved In Multi Year Multi Currency Revolving Credit Agreement
NumberOfBanksInvolvedInMultiYearMultiCurrencyRevolvingCreditAgreement
9 lender
CY2018Q1 aos Defined Benefit Plan Future Amortization Of Gains Losses
DefinedBenefitPlanFutureAmortizationOfGainsLosses
-4700000

Files In Submission

Name View Source Status
0001193125-18-154400-index-headers.html Edgar Link pending
0001193125-18-154400-index.html Edgar Link pending
0001193125-18-154400.txt Edgar Link pending
0001193125-18-154400-xbrl.zip Edgar Link pending
aos-20180331.xml Edgar Link completed
aos-20180331.xsd Edgar Link pending
aos-20180331_cal.xml Edgar Link unprocessable
aos-20180331_def.xml Edgar Link unprocessable
aos-20180331_lab.xml Edgar Link unprocessable
aos-20180331_pre.xml Edgar Link unprocessable
d552506d10q.htm Edgar Link pending
d552506dex311.htm Edgar Link pending
d552506dex312.htm Edgar Link pending
d552506dex321.htm Edgar Link pending
d552506dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending