$CW
CURTISS WRIGHT CORP

2014 Q1 Form 10-Q Financial Statement

#000002632414000010 Filed on May 01, 2014

View on sec.gov

Income Statement

Concept 2014 Q1 2013 Q1
Revenue $543.0M $494.4M
YoY Change 9.82% -1.45%
Cost Of Revenue $358.3M $409.0M
YoY Change -12.38% 19.45%
Gross Profit $184.6M $165.7M
YoY Change 11.4% 4.05%
Gross Profit Margin 34.0% 33.52%
Selling, General & Admin $106.7M $128.1M
YoY Change -16.69% 18.18%
% of Gross Profit 57.8% 77.28%
Research & Development $16.88M $17.61M
YoY Change -4.15% 14.73%
% of Gross Profit 9.14% 10.62%
Depreciation & Amortization $31.00M $30.40M
YoY Change 1.97% 29.36%
% of Gross Profit 16.79% 18.34%
Operating Expenses $123.6M $145.7M
YoY Change -15.17% 17.76%
Operating Profit $61.03M $38.03M
YoY Change 60.51% 6.94%
Interest Expense $9.055M $8.659M
YoY Change 4.57% 33.59%
% of Operating Profit 14.84% 22.77%
Other Income/Expense, Net $112.0K $474.0K
YoY Change -76.37% 364.71%
Pretax Income $52.09M $29.84M
YoY Change 74.56% 2.27%
Income Tax $15.66M $8.898M
% Of Pretax Income 30.06% 29.82%
Net Earnings $35.16M $20.94M
YoY Change 67.9% -49.31%
Net Earnings / Revenue 6.48% 4.24%
Basic Earnings Per Share $0.73 $0.45
Diluted Earnings Per Share $0.72 $0.44
COMMON SHARES
Basic Shares Outstanding 47.98M shares 46.62M shares
Diluted Shares Outstanding 49.13M shares 47.48M shares

Balance Sheet

Concept 2014 Q1 2013 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $128.0M $118.8M
YoY Change 7.74% -48.59%
Cash & Equivalents $128.0M $118.8M
Short-Term Investments
Other Short-Term Assets $56.87M $43.49M
YoY Change 30.76% 9.45%
Inventory $467.7M $427.4M
Prepaid Expenses
Receivables $618.4M $593.2M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.321B $1.233B
YoY Change 7.13% -1.33%
LONG-TERM ASSETS
Property, Plant & Equipment $515.8M $495.6M
YoY Change 4.07% 12.5%
Goodwill $1.126B $1.038B
YoY Change 8.39% 35.93%
Intangibles $471.0M $442.8M
YoY Change 6.37% 71.72%
Long-Term Investments
YoY Change
Other Assets $25.45M $14.65M
YoY Change 73.74% 56.64%
Total Long-Term Assets $2.138B $1.994B
YoY Change 7.22% 34.33%
TOTAL ASSETS
Total Short-Term Assets $1.321B $1.233B
Total Long-Term Assets $2.138B $1.994B
Total Assets $3.459B $3.227B
YoY Change 7.19% 18.03%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $173.7M $146.3M
YoY Change 18.76% 10.13%
Accrued Expenses $125.0M $119.2M
YoY Change 4.86% 13.91%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $700.0K $126.4M
YoY Change -99.45% 4956.0%
Total Short-Term Liabilities $499.6M $619.9M
YoY Change -19.41% 18.94%
LONG-TERM LIABILITIES
Long-Term Debt $971.3M $861.5M
YoY Change 12.75% 50.83%
Other Long-Term Liabilities $113.9M $84.76M
YoY Change 34.43% 34.86%
Total Long-Term Liabilities $1.085B $946.3M
YoY Change 14.69% 49.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $499.6M $619.9M
Total Long-Term Liabilities $1.085B $946.3M
Total Liabilities $1.862B $1.916B
YoY Change -2.81% 33.61%
SHAREHOLDERS EQUITY
Retained Earnings $1.410B $1.278B
YoY Change 10.31% 4.29%
Common Stock $204.2M $206.8M
YoY Change -1.24% 6.62%
Preferred Stock
YoY Change
Treasury Stock (at cost) $33.85M $89.86M
YoY Change -62.33% 18.2%
Treasury Stock Shares 917.0K shares
Shareholders Equity $1.596B $1.310B
YoY Change
Total Liabilities & Shareholders Equity $3.459B $3.227B
YoY Change 7.19% 18.03%

Cashflow Statement

Concept 2014 Q1 2013 Q1
OPERATING ACTIVITIES
Net Income $35.16M $20.94M
YoY Change 67.9% -49.31%
Depreciation, Depletion And Amortization $31.00M $30.40M
YoY Change 1.97% 29.36%
Cash From Operating Activities -$14.59M -$1.080M
YoY Change 1251.2% -77.11%
INVESTING ACTIVITIES
Capital Expenditures $18.37M $15.01M
YoY Change 22.35% -25.57%
Acquisitions
YoY Change
Other Investing Activities -$32.70M -$99.70M
YoY Change -67.2% -294.73%
Cash From Investing Activities -$51.02M -$114.7M
YoY Change -55.52% -493.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $5.013M $0.00
YoY Change
Debt Paid & Issued, Net $80.00K $0.00
YoY Change -100.0%
Cash From Financing Activities $20.85M $125.3M
YoY Change -83.36% 1403.16%
NET CHANGE
Cash From Operating Activities -$14.59M -$1.080M
Cash From Investing Activities -$51.02M -$114.7M
Cash From Financing Activities $20.85M $125.3M
Net Change In Cash -$44.77M $9.494M
YoY Change -571.57% -71.01%
FREE CASH FLOW
Cash From Operating Activities -$14.59M -$1.080M
Capital Expenditures $18.37M $15.01M
Free Cash Flow -$32.96M -$16.09M
YoY Change 104.84% -35.35%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
186941000 USD
CY2014Q1 us-gaap Accounts Payable Current
AccountsPayableCurrent
173708000 USD
CY2014Q1 us-gaap Accounts Receivable Net
AccountsReceivableNet
446800000 USD
CY2013Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
437984000 USD
CY2014Q1 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
14874000 USD
CY2013Q4 us-gaap Accrued Environmental Loss Contingencies Noncurrent
AccruedEnvironmentalLossContingenciesNoncurrent
15498000 USD
CY2014Q1 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
2832000 USD
CY2013Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
789000 USD
CY2014Q1 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
125020000 USD
CY2013Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
142935000 USD
CY2014Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
16128000 USD
CY2013Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
25259000 USD
CY2012Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-55508000 USD
CY2014Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
155017000 USD
CY2013Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
150618000 USD
CY2014Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
6390000 USD
CY2013Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
6857000 USD
CY2014Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12700000 USD
CY2013Q1 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
12400000 USD
CY2014Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
0 shares
CY2013Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
622000 shares
CY2014Q1 us-gaap Assets
Assets
3458635000 USD
CY2013Q4 us-gaap Assets
Assets
3458274000 USD
CY2013Q4 us-gaap Assets Current
AssetsCurrent
1337283000 USD
CY2014Q1 us-gaap Assets Current
AssetsCurrent
1320806000 USD
CY2013Q4 us-gaap Billed Contract Receivables
BilledContractReceivables
444841000 USD
CY2014Q1 us-gaap Billed Contract Receivables
BilledContractReceivables
453190000 USD
CY2013Q1 us-gaap Business Acquisition Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax Per Share Diluted
BusinessAcquisitionProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTaxPerShareDiluted
0.46
CY2013Q1 us-gaap Business Acquisitions Pro Forma Income Loss From Continuing Operations Before Changes In Accounting And Extraordinary Items Net Of Tax
BusinessAcquisitionsProFormaIncomeLossFromContinuingOperationsBeforeChangesInAccountingAndExtraordinaryItemsNetOfTax
22054000 USD
CY2013Q1 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
621219000 USD
CY2014Q1 us-gaap Business Combination Pro Forma Information Earnings Or Loss Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationEarningsOrLossOfAcquireeSinceAcquisitionDateActual
-300000 USD
CY2014Q1 us-gaap Business Combination Pro Forma Information Revenue Of Acquiree Since Acquisition Date Actual
BusinessCombinationProFormaInformationRevenueOfAcquireeSinceAcquisitionDateActual
2700000 USD
CY2014Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1160000 USD
CY2013Q1 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
2191000 USD
CY2014Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
127967000 USD
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
175294000 USD
CY2012Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
112023000 USD
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
118797000 USD
CY2014Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-47327000 USD
CY2013Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
6774000 USD
CY2013Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.09
CY2014Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.13
CY2014Q1 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
1
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2014Q1 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
100000000 shares
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
49189702 shares
CY2014Q1 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
49189702 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
47638835 shares
CY2014Q1 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
48272665 shares
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
49190000 USD
CY2013Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
339626000 USD
CY2013Q1 us-gaap Cost Of Revenue
CostOfRevenue
408980000 USD
CY2014Q1 us-gaap Common Stock Value
CommonStockValue
49190000 USD
CY2013Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-8076000 USD
CY2014Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
26033000 USD
CY2014Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
363654000 USD
CY2014Q1 us-gaap Cost Of Revenue
CostOfRevenue
439260000 USD
CY2013Q1 us-gaap Cost Of Services
CostOfServices
69354000 USD
CY2014Q1 us-gaap Cost Of Services
CostOfServices
75606000 USD
CY2014Q1 us-gaap Customer Advances And Progress Payments For Long Term Contracts Or Programs
CustomerAdvancesAndProgressPaymentsForLongTermContractsOrPrograms
16183000 USD
CY2013Q4 us-gaap Customer Advances And Progress Payments For Long Term Contracts Or Programs
CustomerAdvancesAndProgressPaymentsForLongTermContractsOrPrograms
18512000 USD
CY2013Q4 us-gaap Debt Current
DebtCurrent
1334000 USD
CY2014Q1 us-gaap Debt Current
DebtCurrent
705000 USD
CY2014Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-2940000 USD
CY2013Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
512000 USD
CY2014Q1 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
155430000 USD
CY2013Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
164343000 USD
CY2013Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
47650000 USD
CY2014Q1 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
49841000 USD
CY2014Q1 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
128227000 USD
CY2013Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
123644000 USD
CY2014Q1 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3900000 USD
CY2014Q1 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
1600000 USD
CY2013Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
30400000 USD
CY2014Q1 us-gaap Depreciation And Amortization
DepreciationAndAmortization
30952000 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
605000 USD
CY2014Q1 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
67000 USD
CY2014Q1 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
37263000 USD
CY2013Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
50122000 USD
CY2013Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2014Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2014Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.72
CY2013Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.44
CY2013Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-2720000 USD
CY2013Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
0 USD
CY2014Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-2556000 USD
CY2014Q1 us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
5409000 USD
CY2014Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
251341000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
239549000 USD
CY2014Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
48500000 USD
CY2014Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
41900000 USD
CY2014Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
43500000 USD
CY2014Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
44100000 USD
CY2014Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
45400000 USD
CY2013Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
710928000 USD
CY2014Q1 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
722308000 USD
CY2014Q1 us-gaap Finitelived Intangible Assets Acquired1
FinitelivedIntangibleAssetsAcquired1
13000000 USD
CY2013Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
87000 USD
CY2014Q1 us-gaap Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
17000 USD
CY2013Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
91277000 USD
CY2014Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
85064000 USD
CY2013Q4 us-gaap Goodwill
Goodwill
1110429000 USD
CY2014Q1 us-gaap Goodwill
Goodwill
1125605000 USD
CY2014Q1 us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
17430000 USD
CY2014Q1 us-gaap Goodwill Purchase Accounting Adjustments
GoodwillPurchaseAccountingAdjustments
-254000 USD
CY2014Q1 us-gaap Goodwill Translation Adjustments
GoodwillTranslationAdjustments
-2000000 USD
CY2013Q1 us-gaap Gross Profit
GrossProfit
183707000 USD
CY2014Q1 us-gaap Gross Profit
GrossProfit
202152000 USD
CY2014Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
50112000 USD
CY2013Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
29841000 USD
CY2013Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8898000 USD
CY2014Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14948000 USD
CY2014Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-42490000 USD
CY2013Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-36541000 USD
CY2014Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
10871000 USD
CY2013Q1 us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
-1678000 USD
CY2013Q1 us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
-9240000 USD
CY2014Q1 us-gaap Increase Decrease In Customer Advances
IncreaseDecreaseInCustomerAdvances
-4777000 USD
CY2013Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
77000 USD
CY2014Q1 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-8913000 USD
CY2014Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
14515000 USD
CY2013Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
10872000 USD
CY2014Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
5334000 USD
CY2013Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1761000 USD
CY2013Q1 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
4934000 USD
CY2014Q1 us-gaap Increase Decrease In Pension And Postretirement Obligations
IncreaseDecreaseInPensionAndPostretirementObligations
-4154000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-14593000 USD
CY2014Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
10842000 USD
CY2013Q1 us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
3959000 USD
CY2014Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1148000 shares
CY2013Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
868000 shares
CY2014Q1 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
470967000 USD
CY2013Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
471379000 USD
CY2014Q1 us-gaap Interest Expense
InterestExpense
9054000 USD
CY2013Q1 us-gaap Interest Expense
InterestExpense
8659000 USD
CY2013Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
117444000 USD
CY2014Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
123650000 USD
CY2013Q4 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
58796000 USD
CY2014Q1 us-gaap Inventory For Long Term Contracts Or Programs
InventoryForLongTermContractsOrPrograms
51490000 USD
CY2013Q4 us-gaap Inventory Net
InventoryNet
452087000 USD
CY2014Q1 us-gaap Inventory Net
InventoryNet
467708000 USD
CY2013Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
231219000 USD
CY2014Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
245619000 USD
CY2014Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
54129000 USD
CY2013Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
54400000 USD
CY2014Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
113974000 USD
CY2013Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
114372000 USD
CY2014Q1 us-gaap Liabilities
Liabilities
1862291000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
1905569000 USD
CY2014Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3458635000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3458274000 USD
CY2013Q4 us-gaap Liabilities Current
LiabilitiesCurrent
534593000 USD
CY2014Q1 us-gaap Liabilities Current
LiabilitiesCurrent
499625000 USD
CY2013Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
958604000 USD
CY2014Q1 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
971330000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
20845000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
125288000 USD
CY2014Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-51023000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-114714000 USD
CY2013Q1 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1080000 USD
CY2013Q1 us-gaap Net Income Loss
NetIncomeLoss
20943000 USD
CY2014Q1 us-gaap Net Income Loss
NetIncomeLoss
35164000 USD
CY2013Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
0 USD
CY2014Q1 us-gaap Noncash Or Part Noncash Acquisition Fixed Assets Acquired1
NoncashOrPartNoncashAcquisitionFixedAssetsAcquired1
8008000 USD
CY2014Q1 us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
2 NumberAcquisitions
CY2014Q1 us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2013Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
38026000 USD
CY2014Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
59101000 USD
CY2014Q1 us-gaap Other Assets Current
OtherAssetsCurrent
56872000 USD
CY2013Q4 us-gaap Other Assets Current
OtherAssetsCurrent
58660000 USD
CY2013Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
23465000 USD
CY2014Q1 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
25446000 USD
CY2013Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
-1500000 USD
CY2014Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
-500000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-9946000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-9917000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-31805000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
-300000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Foreign Currency Translation Adjustment Tax
OtherComprehensiveIncomeLossForeignCurrencyTranslationAdjustmentTax
1200000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-29019000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9131000 USD
CY2013 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
80767000 USD
CY2014Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-786000 USD
CY2013Q1 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-2786000 USD
CY2014Q1 us-gaap Other Inventory Capitalized Costs
OtherInventoryCapitalizedCosts
37300000 USD
CY2013Q4 us-gaap Other Inventory Capitalized Costs
OtherInventoryCapitalizedCosts
37100000 USD
CY2014Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
41930000 USD
CY2013Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
38251000 USD
CY2014Q1 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
113947000 USD
CY2013Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
134326000 USD
CY2013Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
474000 USD
CY2014Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
65000 USD
CY2014Q1 us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
230000 USD
CY2013Q1 us-gaap Payments For Proceeds From Previous Acquisition
PaymentsForProceedsFromPreviousAcquisition
1771000 USD
CY2013Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
CY2014Q1 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5013000 USD
CY2014Q1 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
32857000 USD
CY2013Q1 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
98492000 USD
CY2013Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
15010000 USD
CY2014Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
18365000 USD
CY2014Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
134288000 USD
CY2013Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
138904000 USD
CY2014Q1 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Changes in Segment Presentation</font></div><div style="line-height:120%;text-align:left;font-size:8pt;"><font style="font-family:inherit;font-size:8pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As a result of certain organizational changes in 2014, the Corporation revised its reportable segments to align to the major markets it currently serves: Commercial/Industrial, Defense, and Energy. Prior period financial information has been reclassified to conform to the current period presentation. The change in reportable segments did not impact the Corporation's previously reported Condensed Consolidated Financial Statements. See Note 10 of the Notes to the Condensed Consolidated Financial Statements for more information on the Corporation's reportable segments.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">Corrections to Prior Years Amounts</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The presentation of net sales and cost of sales in the prior year's statement of earnings has been corrected to separately present the components of product and service revenues and costs of sales. This change in presentation did not affect total revenues, total cost of sales, total gross profit, operating income, or net earnings.</font></div></div>
CY2014Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
CY2013Q1 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
400000000 USD
CY2014Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
163483000 USD
CY2013Q1 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
417075000 USD
CY2013Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
559000 USD
CY2014Q1 us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
429000 USD
CY2014Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
21135000 USD
CY2013Q1 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7333000 USD
CY2013Q4 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms
15344000 USD
CY2014Q1 us-gaap Progress Payments Netted Against Inventory For Long Term Contracts Or Programs
ProgressPaymentsNettedAgainstInventoryForLongTermContractsOrPrograms
12896000 USD
CY2014Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
515811000 USD
CY2013Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
515718000 USD
CY2014Q1 us-gaap Receivables Net Current
ReceivablesNetCurrent
618418000 USD
CY2013Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
603592000 USD
CY2014Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-815000 USD
CY2013Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
699120000 USD
CY2014Q1 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
164089000 USD
CY2014Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
80000 USD
CY2013Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
CY2013Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
17608000 USD
CY2014Q1 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
18349000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1380981000 USD
CY2014Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1409859000 USD
CY2013Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
486584000 USD
CY2014Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
526354000 USD
CY2013Q1 us-gaap Sales Revenue Net
SalesRevenueNet
592687000 USD
CY2014Q1 us-gaap Sales Revenue Net
SalesRevenueNet
641412000 USD
CY2014Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
115058000 USD
CY2013Q1 us-gaap Sales Revenue Services Net
SalesRevenueServicesNet
106103000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
1552705000 USD
CY2013Q1 us-gaap Selling Expense
SellingExpense
36796000 USD
CY2014Q1 us-gaap Selling Expense
SellingExpense
39638000 USD
CY2013Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2670000 USD
CY2014Q1 us-gaap Share Based Compensation
ShareBasedCompensation
2402000 USD
CY2014Q1 us-gaap Stockholders Equity
StockholdersEquity
1596344000 USD
CY2014Q1 us-gaap Treasury Stock Shares
TreasuryStockShares
917037 shares
CY2013Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1550867 shares
CY2013Q4 us-gaap Treasury Stock Value
TreasuryStockValue
53343000 USD
CY2014Q1 us-gaap Treasury Stock Value
TreasuryStockValue
33850000 USD
CY2013Q4 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
184120000 USD
CY2014Q1 us-gaap Unbilled Contracts Receivable
UnbilledContractsReceivable
187801000 USD
CY2014Q1 us-gaap Unbilled Receivables Not Billable At Balance Sheet Date
UnbilledReceivablesNotBillableAtBalanceSheetDate
171618000 USD
CY2013Q4 us-gaap Unbilled Receivables Not Billable At Balance Sheet Date
UnbilledReceivablesNotBillableAtBalanceSheetDate
165608000 USD
CY2014Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
49130000 shares
CY2013Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
47483000 shares
CY2013Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
46615000 shares
CY2014Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
47982000 shares
CY2013Q1 cw Additional Amortization Of Intangible Assets
AdditionalAmortizationOfIntangibleAssets
1600000 USD
CY2013Q1 cw Additional Interest Expense
AdditionalInterestExpense
1800000 USD
CY2014Q1 cw Defined Contribution Plan Employer Contribution Percentage Maximum
DefinedContributionPlanEmployerContributionPercentageMaximum
0.06
CY2014Q1 cw Defined Contribution Plan Estimated Future Employer Contributionsin Current Fiscal Year
DefinedContributionPlanEstimatedFutureEmployerContributionsinCurrentFiscalYear
7000000 USD
CY2014Q1 cw Gross Inventories
GrossInventories
534733000 USD
CY2013Q4 cw Gross Inventories
GrossInventories
521831000 USD
CY2014Q1 cw Other Inventory Capitalized Costs To Be Liquidated Under Firm Orders
OtherInventoryCapitalizedCostsToBeLiquidatedUnderFirmOrders
9800000 USD
CY2013Q4 cw Other Inventory Capitalized Costs To Be Liquidated Under Firm Orders
OtherInventoryCapitalizedCostsToBeLiquidatedUnderFirmOrders
13800000 USD
CY2014Q1 cw Surety Bond Outstanding
SuretyBondOutstanding
52900000 USD
CY2014Q1 dei Amendment Flag
AmendmentFlag
false
CY2014Q1 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
CY2014Q1 dei Document Period End Date
DocumentPeriodEndDate
2014-03-31
CY2014Q1 dei Document Type
DocumentType
10-Q
CY2014Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2014Q1 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q1
CY2014Q1 dei Entity Central Index Key
EntityCentralIndexKey
0000026324
CY2014Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
48188704 shares
CY2014Q1 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2014Q1 dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
CY2014Q1 dei Entity Registrant Name
EntityRegistrantName
Curtiss Wright Corporation
CY2014Q1 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2014Q1 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

Files In Submission

Name View Source Status
0000026324-14-000010-index-headers.html Edgar Link pending
0000026324-14-000010-index.html Edgar Link pending
0000026324-14-000010.txt Edgar Link pending
0000026324-14-000010-xbrl.zip Edgar Link pending
cw-20140331.xml Edgar Link completed
cw-20140331.xsd Edgar Link pending
cw-20140331_cal.xml Edgar Link unprocessable
cw-20140331_def.xml Edgar Link unprocessable
cw-20140331_lab.xml Edgar Link unprocessable
cw-20140331_pre.xml Edgar Link unprocessable
cw-2014331x10q.htm Edgar Link pending
exhibit311.htm Edgar Link pending
exhibit312.htm Edgar Link pending
exhibit32.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
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
R6.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