2017 Form 10-K Financial Statement
#000119312520046736 Filed on February 24, 2020
Income Statement
| Concept | 2017 |
|---|---|
| Revenue | $2.997B |
| YoY Change | 11.57% |
| Cost Of Revenue | $1.764B |
| YoY Change | 12.25% |
| Gross Profit | $1.232B |
| YoY Change | 10.61% |
| Gross Profit Margin | 41.13% |
| Selling, General & Admin | $722.8M |
| YoY Change | 9.1% |
| % of Gross Profit | 58.65% |
| Research & Development | $86.40M |
| YoY Change | 7.87% |
| % of Gross Profit | 7.01% |
| Depreciation & Amortization | $70.10M |
| YoY Change | 7.68% |
| % of Gross Profit | 5.69% |
| Operating Expenses | $809.2M |
| YoY Change | 8.97% |
| Operating Profit | $577.9M |
| YoY Change | 12.21% |
| Interest Expense | $10.10M |
| YoY Change | 38.36% |
| % of Operating Profit | 1.75% |
| Other Income/Expense, Net | $21.30M |
| YoY Change | 17.68% |
| Pretax Income | $520.8M |
| YoY Change | 12.61% |
| Income Tax | $224.3M |
| % Of Pretax Income | 43.07% |
| Net Earnings | $296.5M |
| YoY Change | -9.19% |
| Net Earnings / Revenue | 9.89% |
| Basic Earnings Per Share | $1.72 |
| Diluted Earnings Per Share | $1.70 |
| COMMON SHARES | |
| Basic Shares Outstanding | 172.7M |
| Diluted Shares Outstanding | 174.6M |
Balance Sheet
| Concept | 2017 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $820.0M |
| YoY Change | 8.67% |
| Cash & Equivalents | $346.6M |
| Short-Term Investments | $473.4M |
| Other Short-Term Assets | $57.20M |
| YoY Change | 52.13% |
| Inventory | $297.0M |
| Prepaid Expenses | |
| Receivables | $592.7M |
| Other Receivables | $0.00 |
| Total Short-Term Assets | $1.767B |
| YoY Change | 13.12% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $528.9M |
| YoY Change | 14.51% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | |
| YoY Change | |
| Other Assets | $76.20M |
| YoY Change | 13.22% |
| Total Long-Term Assets | $1.431B |
| YoY Change | 7.64% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $1.767B |
| Total Long-Term Assets | $1.431B |
| Total Assets | $3.197B |
| YoY Change | 10.6% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | $535.0M |
| YoY Change | 1.21% |
| Accrued Expenses | $205.0M |
| YoY Change | 12.02% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | $7.500M |
| YoY Change | 4.17% |
| Total Short-Term Liabilities | $793.8M |
| YoY Change | 3.68% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $402.9M |
| YoY Change | 27.34% |
| Other Long-Term Liabilities | $355.8M |
| YoY Change | 21.14% |
| Total Long-Term Liabilities | $758.7M |
| YoY Change | 24.36% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $793.8M |
| Total Long-Term Liabilities | $758.7M |
| Total Liabilities | $1.553B |
| YoY Change | 12.85% |
| SHAREHOLDERS EQUITY | |
| Retained Earnings | |
| YoY Change | |
| Common Stock | |
| YoY Change | |
| Preferred Stock | |
| YoY Change | |
| Treasury Stock (at cost) | |
| YoY Change | |
| Treasury Stock Shares | |
| Shareholders Equity | $1.645B |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $3.197B |
| YoY Change | 10.6% |
Cashflow Statement
| Concept | 2017 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $296.5M |
| YoY Change | -9.19% |
| Depreciation, Depletion And Amortization | $70.10M |
| YoY Change | 7.68% |
| Cash From Operating Activities | $326.4M |
| YoY Change | -26.91% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$94.20M |
| YoY Change | 16.73% |
| Acquisitions | $43.10M |
| YoY Change | -52.53% |
| Other Investing Activities | -$63.90M |
| YoY Change | -70.89% |
| Cash From Investing Activities | -$158.1M |
| YoY Change | -47.34% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | $139.1M |
| YoY Change | 2.88% |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -152.1M |
| YoY Change | 8.95% |
| NET CHANGE | |
| Cash From Operating Activities | 326.4M |
| Cash From Investing Activities | -158.1M |
| Cash From Financing Activities | -152.1M |
| Net Change In Cash | 16.20M |
| YoY Change | 138.24% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $326.4M |
| Capital Expenditures | -$94.20M |
| Free Cash Flow | $420.6M |
| YoY Change | -20.24% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
37.64 | |
| CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2432689 | |
| CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
33.05 | |
| CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2263126 | |
| CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
27.73 | |
| CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1820743 | |
| CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
30.07 | |
| CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1665184 | |
| CY2018Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
24.52 | |
| CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
1387259 | |
| CY2017Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
20.48 | |
| CY2019 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
102100000 | |
| CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
113600000 | |
| CY2017 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
224300000 | |
| CY2019 | dei |
Entity Registrant Name
EntityRegistrantName
|
SMITH A O CORP | |
| CY2019 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
249840 | |
| CY2019 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
18.55 | |
| CY2018 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
176302 | |
| CY2018 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
22.93 | |
| CY2017 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
752603 | |
| CY2017 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
16.93 | |
| CY2019Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
2728350 |
