2012 Q2 Form 10-Q Financial Statement

#000130817912000145 Filed on July 20, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q4 2011 Q2
Revenue $778.4M $740.0M $709.2M
YoY Change 9.76% 15.75% 9.72%
Cost Of Revenue $518.6M $503.7M $479.3M
YoY Change 8.2% 16.46% 10.08%
Gross Profit $259.8M $236.3M $229.9M
YoY Change 13.01% 14.26% 8.96%
Gross Profit Margin 33.38% 31.93% 32.42%
Selling, General & Admin $135.3M $126.5M $124.8M
YoY Change 8.41% 9.24% 6.21%
% of Gross Profit 52.08% 53.53% 54.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.80M $16.50M $17.20M
YoY Change -2.33% -6.78% -7.03%
% of Gross Profit 6.47% 6.98% 7.48%
Operating Expenses $135.3M $126.5M $124.8M
YoY Change 8.41% 9.24% 6.21%
Operating Profit $124.5M $109.8M $105.1M
YoY Change 18.46% 20.66% 12.41%
Interest Expense -$7.100M -$7.300M -$7.500M
YoY Change -5.33% -9.88% 0.0%
% of Operating Profit -5.7% -6.65% -7.14%
Other Income/Expense, Net -$1.300M -$600.0K -$1.700M
YoY Change -23.53% 500.0% 240.0%
Pretax Income $116.1M $101.9M $95.90M
YoY Change 21.06% 49.63% 12.16%
Income Tax $38.10M $31.40M $30.20M
% Of Pretax Income 32.82% 30.81% 31.49%
Net Earnings $77.50M $70.00M $65.20M
YoY Change 18.87% 40.85% 13.19%
Net Earnings / Revenue 9.96% 9.46% 9.19%
Basic Earnings Per Share $1.31 $1.18 $1.08
Diluted Earnings Per Share $1.29 $1.17 $1.07
COMMON SHARES
Basic Shares Outstanding 59.10M shares 60.00M shares
Diluted Shares Outstanding 59.70M shares 60.80M shares

Balance Sheet

Concept 2012 Q2 2011 Q4 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $559.8M $582.4M $517.2M
YoY Change 8.24% 9.99% 78.22%
Cash & Equivalents $544.6M $569.6M $510.4M
Short-Term Investments $15.20M $12.80M $6.800M
Other Short-Term Assets $53.20M $58.50M $58.40M
YoY Change -8.9% 3.72% -32.17%
Inventory $355.3M $318.3M $324.2M
Prepaid Expenses
Receivables $437.6M $394.3M $408.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.406B $1.354B $1.308B
YoY Change 7.49% 10.39% 27.66%
LONG-TERM ASSETS
Property, Plant & Equipment $356.5M $359.6M $365.0M
YoY Change -2.33% 0.36% 0.97%
Goodwill $746.7M $727.3M $727.6M
YoY Change 2.63% 0.46% -1.76%
Intangibles $283.6M $269.5M $266.5M
YoY Change 6.42% -1.46%
Long-Term Investments $38.50M $42.00M $34.70M
YoY Change 10.95% 39.07% -2.8%
Other Assets $78.10M $94.60M $73.70M
YoY Change 5.97% 0.96% -37.44%
Total Long-Term Assets $1.503B $1.493B $1.468B
YoY Change 2.45% 0.9% -4.37%
TOTAL ASSETS
Total Short-Term Assets $1.406B $1.354B $1.308B
Total Long-Term Assets $1.503B $1.493B $1.468B
Total Assets $2.909B $2.847B $2.775B
YoY Change 4.82% 5.2% 8.45%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $235.0M $215.7M $225.7M
YoY Change 4.12% 34.14% 33.71%
Accrued Expenses $121.4M $133.7M $130.1M
YoY Change -6.69% -5.58% -9.02%
Deferred Revenue
YoY Change
Short-Term Debt $200.0K $2.900M $2.200M
YoY Change -90.91% 61.11% -35.29%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $480.6M $492.1M $483.8M
YoY Change -0.66% 10.58% 8.52%
LONG-TERM LIABILITIES
Long-Term Debt $596.5M $596.3M $596.1M
YoY Change 0.07% 0.07% 19.08%
Other Long-Term Liabilities $281.1M $48.00M $201.2M
YoY Change 39.71% 6.9% -18.9%
Total Long-Term Liabilities $877.6M $644.3M $797.3M
YoY Change 10.07% 0.55% 6.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $480.6M $492.1M $483.8M
Total Long-Term Liabilities $877.6M $644.3M $797.3M
Total Liabilities $1.358B $1.373B $1.281B
YoY Change 6.02% 10.52% 7.25%
SHAREHOLDERS EQUITY
Retained Earnings $1.608B $1.516B $1.408B
YoY Change 14.17% 13.24%
Common Stock $86.60M $102.4M $144.4M
YoY Change -40.03% -49.28%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.545B $1.468B $1.490B
YoY Change
Total Liabilities & Shareholders Equity $2.909B $2.847B $2.775B
YoY Change 4.82% 5.2% 8.45%

Cashflow Statement

Concept 2012 Q2 2011 Q4 2011 Q2
OPERATING ACTIVITIES
Net Income $77.50M $70.00M $65.20M
YoY Change 18.87% 40.85% 13.19%
Depreciation, Depletion And Amortization $16.80M $16.50M $17.20M
YoY Change -2.33% -6.78% -7.03%
Cash From Operating Activities $59.50M $117.8M $62.90M
YoY Change -5.41% 30.6% -9.1%
INVESTING ACTIVITIES
Capital Expenditures -$9.600M -$14.10M -$9.100M
YoY Change 5.49% 4.44% -18.75%
Acquisitions
YoY Change
Other Investing Activities -$39.70M -$30.80M $100.0K
YoY Change -39800.0% -1439.13% -101.15%
Cash From Investing Activities -$49.30M -$44.90M -$9.000M
YoY Change 447.78% 300.89% -54.77%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -22.50M -14.10M -44.40M
YoY Change -49.32% -114.45% 85.0%
NET CHANGE
Cash From Operating Activities 59.50M 117.8M 62.90M
Cash From Investing Activities -49.30M -44.90M -9.000M
Cash From Financing Activities -22.50M -14.10M -44.40M
Net Change In Cash -12.30M 58.80M 9.500M
YoY Change -229.47% -66.7% -62.45%
FREE CASH FLOW
Cash From Operating Activities $59.50M $117.8M $62.90M
Capital Expenditures -$9.600M -$14.10M -$9.100M
Free Cash Flow $69.10M $131.9M $72.00M
YoY Change -4.03% 27.19% -10.45%

Facts In Submission

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CY2012Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
78100000 USD
CY2011Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
269500000 USD
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
94600000 USD
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
520700000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
33000000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
34800000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
6800000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
15300000 USD
us-gaap Share Based Compensation
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5300000 USD
us-gaap Share Based Compensation
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5100000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
9300000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
3900000 USD
us-gaap Increase Decrease In Accounts Receivable
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37700000 USD
us-gaap Increase Decrease In Accounts Receivable
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62500000 USD
us-gaap Increase Decrease In Inventories
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30600000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
22300000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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-7800000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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34400000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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-10600000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-2400000 USD
us-gaap Other Noncash Income Expense
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1000000 USD
us-gaap Other Noncash Income Expense
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1900000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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104600000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
116400000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
21000000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
31100000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
2700000 USD
us-gaap Payments To Acquire Available For Sale Securities
PaymentsToAcquireAvailableForSaleSecurities
3800000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
4800000 USD
us-gaap Proceeds From Sale And Maturity Of Available For Sale Securities
ProceedsFromSaleAndMaturityOfAvailableForSaleSecurities
2900000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-6300000 USD
us-gaap Payments For Proceeds From Other Investing Activities
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-4000000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-65600000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-28000000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
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-2700000 USD
us-gaap Proceeds From Repayments Of Short Term Debt
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300000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
46900000 USD
us-gaap Payments Of Dividends Common Stock
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44900000 USD
us-gaap Payments Of Dividends Minority Interest
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700000 USD
us-gaap Payments Of Dividends Minority Interest
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700000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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9300000 USD
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
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3900000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-63100000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-106500000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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-900000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
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7800000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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-25000000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
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-10300000 USD
CY2011Q2 us-gaap Cash And Cash Equivalents At Carrying Value
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510400000 USD
us-gaap Payments For Repurchase Of Common Stock
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42100000 USD
us-gaap Payments For Repurchase Of Common Stock
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82200000 USD
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200000 USD
us-gaap Proceeds From Payments For Other Financing Activities
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100000 USD
us-gaap Pension Contributions
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6300000 USD
us-gaap Pension Contributions
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1400000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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53000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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19800000 USD
us-gaap Proceeds From Stock Options Exercised
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17000000 USD
CY2012Q2 hubb Operating Income Percentage Of Sales
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0.160 pure
CY2011Q2 hubb Operating Income Percentage Of Sales
OperatingIncomePercentageOfSales
0.148 pure
hubb Operating Income Percentage Of Sales
OperatingIncomePercentageOfSales
0.151 pure
hubb Operating Income Percentage Of Sales
OperatingIncomePercentageOfSales
0.138 pure
CY2012Q2 us-gaap Inventory Raw Materials Net Of Reserves
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128200000 USD
CY2012Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
81000000 USD
CY2012Q2 us-gaap Inventory Finished Goods Net Of Reserves
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236900000 USD
CY2012Q2 us-gaap Fifo Inventory Amount
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446100000 USD
CY2011Q4 us-gaap Inventory Raw Materials Net Of Reserves
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122200000 USD
CY2011Q4 us-gaap Inventory Work In Process Net Of Reserves
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71300000 USD
CY2011Q4 us-gaap Inventory Finished Goods Net Of Reserves
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213300000 USD
CY2011Q4 us-gaap Fifo Inventory Amount
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406800000 USD
CY2012Q2 us-gaap Inventory Lifo Reserve
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90800000 USD
CY2011Q4 us-gaap Inventory Lifo Reserve
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88500000 USD
CY2012Q2 us-gaap Other Liabilities Current
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59400000 USD
CY2011Q4 us-gaap Accrued Marketing Costs Current
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32600000 USD
CY2012Q2 hubb Total Gross Other Intangible Assets
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357700000 USD
CY2011Q4 hubb Total Gross Other Intangible Assets
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335000000 USD
CY2012Q2 us-gaap Amortization Of Intangible Assets
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8800000 USD
CY2012Q2 us-gaap Future Amortization Expense Remainder Of Fiscal Year
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8700000 USD
us-gaap Goodwill Translation Adjustments
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CY2012Q2 us-gaap Business Acquisition Purchase Price Allocation Goodwill Amount
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20300000 USD
CY2012Q2 hubb Excess Of Goodwill Implied Fair Value Over Carrying Value Beginning Range
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0.75 pure
CY2012Q2 hubb Excess Of Goodwill Implied Fair Value Over Carrying Value End Of Range
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3.20 pure
CY2012Q2 us-gaap Finite Lived Intangible Assets Gross
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301600000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Gross
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278900000 USD
CY2012Q2 us-gaap Future Amortization Expense Year One
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17500000 USD
CY2012Q2 us-gaap Future Amortization Expense Year Two
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16800000 USD
CY2012Q2 us-gaap Future Amortization Expense Year Three
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15200000 USD
CY2012Q2 us-gaap Future Amortization Expense Year Four
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14500000 USD
CY2012Q2 us-gaap Future Amortization Expense Year Five
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13400000 USD
CY2011Q2 us-gaap Amortization Of Intangible Assets
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8300000 USD
CY2011Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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56100000 USD
CY2012Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
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56100000 USD
CY2012Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
74100000 USD
CY2011Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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65500000 USD
CY2012Q2 us-gaap Accrued Marketing Costs Current
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21600000 USD
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23300000 USD
CY2012Q2 us-gaap Deferred Revenue Current
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17100000 USD
CY2011Q4 us-gaap Other Liabilities Current
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59700000 USD
CY2011Q4 us-gaap Deferred Revenue Current
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18100000 USD
CY2011Q4 us-gaap Additional Paid In Capital Common Stock
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101800000 USD
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23300000 USD
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CY2012Q2 us-gaap Common Stock Par Or Stated Value Per Share
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0.01
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
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CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
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148600000 USD
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153700000 USD
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Foreign Currency Translation Adjustment Net Of Tax
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2500000 USD
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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800000 USD
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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1000000 USD
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CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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hubb Schedule Of Total Equity Tabletextblock
ScheduleOfTotalEquityTabletextblock
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 430px; text-align:left;border-color:#000000;min-width:430px;">&#160;</td><td colspan="2" style="width: 80px; text-align:center;border-color:#000000;min-width:80px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">June 30,</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td colspan="2" style="width: 75px; text-align:center;border-color:#000000;min-width:75px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">December 31,</font></td></tr><tr style="height: 17px"><td style="width: 15px; text-align:left;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 430px; text-align:left;border-color:#000000;min-width:430px;">&#160;</td><td colspan="2" style="width: 80px; 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text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 60px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> (150.4)</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 445px; text-align:left;border-color:#000000;min-width:445px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Hubbell shareholders' equity</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 65px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,545.2</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 60px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,467.8</font></td></tr><tr style="height: 17px"><td colspan="2" style="width: 445px; text-align:left;border-color:#000000;min-width:445px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Noncontrolling interest</font></td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 65px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 5.9</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td style="width: 15px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:15px;">&#160;</td><td style="width: 60px; border-bottom-style:solid;border-bottom-width:1px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 5.7</font></td></tr><tr style="height: 18px"><td colspan="2" style="width: 445px; text-align:left;border-color:#000000;min-width:445px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Total equity</font></td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 65px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:65px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,551.1</font></td><td style="width: 20px; text-align:left;border-color:#000000;min-width:20px;">&#160;</td><td style="width: 15px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:center;border-color:#000000;min-width:15px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: center;">$</font></td><td style="width: 60px; border-top-style:solid;border-top-width:1px;border-bottom-style:double;border-bottom-width:3px;text-align:right;border-color:#000000;min-width:60px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;"> 1,473.5</font></td></tr></table></div>
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-200000 USD
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
-300000 USD
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2012Q2 us-gaap Common Stock Value
CommonStockValue
600000 USD
CY2011Q4 us-gaap Common Stock Value
CommonStockValue
600000 USD
hubb Schedule Of Changes In Total Equity Tabletextblock
ScheduleOfChangesInTotalEquityTabletextblock
<div><table style="border-collapse:collapse;margin-top:20px;"><tr style="height: 17px"><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 175px; text-align:center;border-color:#000000;min-width:175px;">&#160;</td><td colspan="17" style="width: 468px; border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:468px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Six Months Ended June 30</font></td></tr><tr style="height: 15px"><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 175px; text-align:left;border-color:#000000;min-width:175px;">&#160;</td><td colspan="8" style="width: 229px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:229px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">2012</font></td><td style="width: 10px; 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border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Noncontrolling interest</font></td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td colspan="2" style="width: 57px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Total Equity</font></td><td style="width: 10px; text-align:center;border-color:#000000;min-width:10px;">&#160;</td><td colspan="2" style="width: 78px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:78px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Hubbell Shareholders' Equity </font></td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td colspan="2" style="width: 84px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:84px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Noncontrolling interest</font></td><td style="width: 5px; border-top-style:solid;border-top-width:1px;text-align:center;border-color:#000000;min-width:5px;">&#160;</td><td colspan="2" style="width: 57px; border-top-style:solid;border-top-width:1px;border-bottom-style:solid;border-bottom-width:1px;text-align:center;border-color:#000000;min-width:57px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;TEXT-ALIGN: center;">Total Equity</font></td></tr><tr style="height: 16px"><td colspan="2" style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-WEIGHT: bold;FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;TEXT-ALIGN: left;">Equity, January 1,</font></td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,467.8</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 5.7</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,473.5</font></td><td style="width: 10px; text-align:left;border-color:#000000;min-width:10px;">&#160;</td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 70px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,459.2</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 76px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 4.3</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 8px; border-top-style:solid;border-top-width:1px;text-align:left;border-color:#000000;min-width:8px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">$</font></td><td style="width: 49px; border-top-style:solid;border-top-width:1px;text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 1,463.5</font></td></tr><tr style="height: 14px"><td colspan="2" style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Total comprehensive income </font></td><td style="width: 8px; 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text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 133.9</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 0.9</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 134.8</font></td></tr><tr style="height: 14px"><td colspan="2" style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Stock-based compensation </font></td><td style="width: 8px; 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text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 70px; text-align:right;border-color:#000000;min-width:70px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 5.1</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 76px; text-align:right;border-color:#000000;min-width:76px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> -</font></td><td style="width: 5px; text-align:left;border-color:#000000;min-width:5px;">&#160;</td><td style="width: 8px; text-align:left;border-color:#000000;min-width:8px;">&#160;</td><td style="width: 49px; text-align:right;border-color:#000000;min-width:49px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 8pt;COLOR: #000000;"> 5.1</font></td></tr><tr style="height: 14px"><td colspan="2" style="width: 180px; text-align:left;border-color:#000000;min-width:180px;"><font style="FONT-FAMILY: Times New Roman;FONT-SIZE: 10pt;COLOR: #000000;">Exercise of stock options </font></td><td style="width: 8px; 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AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
5200000 USD
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StockIssuedDuringPeriodValueStockOptionsExercised
19800000 USD
us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
9300000 USD
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AcquisitionAndSurrenderOfCommonShares
-50300000 USD
us-gaap Share Based Goods And Nonemployee Services Transaction Stockholders Equity
ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity
200000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
700000 USD
us-gaap Dividends Common Stock
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48700000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
17000000 USD
us-gaap Adjustments To Additional Paid In Capital Share Based Compensation Stock Options Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalShareBasedCompensationStockOptionsRequisiteServicePeriodRecognition
5100000 USD
us-gaap Dividends Common Stock
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45800000 USD
us-gaap Adjustment To Additional Paid In Capital Income Tax Effect From Share Based Compensation Net
AdjustmentToAdditionalPaidInCapitalIncomeTaxEffectFromShareBasedCompensationNet
3900000 USD
hubb Acquisition And Surrender Of Common Shares
AcquisitionAndSurrenderOfCommonShares
-84300000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
700000 USD
us-gaap Share Based Goods And Nonemployee Services Transaction Stockholders Equity
ShareBasedGoodsAndNonemployeeServicesTransactionStockholdersEquity
800000 USD
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1463500000 USD
CY2011Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1494300000 USD
hubb Net Income Available To Common Shareholders
NetIncomeAvailableToCommonShareholders
140200000 USD
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NetIncomeAvailableToCommonShareholders
77200000 USD
CY2012Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
300000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
500000 USD
CY2011Q2 hubb Net Income Available To Common Shareholders
NetIncomeAvailableToCommonShareholders
64900000 USD
CY2011Q2 us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
300000 USD
us-gaap Undistributed Earnings Allocated To Participating Securities
UndistributedEarningsAllocatedToParticipatingSecurities
500000 USD
hubb Net Income Available To Common Shareholders
NetIncomeAvailableToCommonShareholders
115000000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60200000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
61000000 shares
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
600000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59100000 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59700000 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
60000000 shares
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
60800000 shares
CY2011Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
59800000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
59200000 shares
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0 USD
CY2011Q4 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
6200000 USD
us-gaap Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
5000000 USD
hubb Standard Product Warranty Expenditures And Other
StandardProductWarrantyExpendituresAndOther
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CY2012Q2 us-gaap Standard Product Warranty Accrual
StandardProductWarrantyAccrual
7000000 USD
CY2012Q2 us-gaap Guarantee Obligations Current Carrying Value
GuaranteeObligationsCurrentCarryingValue
0 USD
CY2012Q2 us-gaap Guarantee Obligations Maximum Exposure
GuaranteeObligationsMaximumExposure
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersOutOfLevel3
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersIntoLevel3
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Liability Transfers Out Of Level3
FairValueMeasurementWithUnobservableInputsReconciliationLiabilityTransfersOutOfLevel3
0 USD
us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Into Level3
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersIntoLevel3
0 USD
CY2012Q2 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
48200000 USD
CY2011Q4 us-gaap Available For Sale Securities Fair Value Disclosure
AvailableForSaleSecuritiesFairValueDisclosure
50800000 USD
CY2011Q4 us-gaap Trading Account Assets Fair Value Disclosure
TradingAccountAssetsFairValueDisclosure
4000000 USD
CY2012Q2 us-gaap Trading Account Assets Fair Value Disclosure
TradingAccountAssetsFairValueDisclosure
5500000 USD
us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
1300000 USD
CY2012Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
689800000 USD
us-gaap Payments To Acquire Trading Securities Heldforinvestment
PaymentsToAcquireTradingSecuritiesHeldforinvestment
1400000 USD
CY2012Q2 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
5500000 USD
CY2011Q4 us-gaap Deferred Compensation Arrangement With Individual Recorded Liability
DeferredCompensationArrangementWithIndividualRecordedLiability
4000000 USD
CY2012Q2 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
302600000 USD
CY2011Q4 us-gaap Money Market Funds At Carrying Value
MoneyMarketFundsAtCarryingValue
336100000 USD
CY2011Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
675000000 USD
CY2011Q4 us-gaap Cash Flow Hedges Derivative Instruments At Fair Value Net
CashFlowHedgesDerivativeInstrumentsAtFairValueNet
300000 USD
CY2012Q2 us-gaap Cash Flow Hedges Derivative Instruments At Fair Value Net
CashFlowHedgesDerivativeInstrumentsAtFairValueNet
200000 USD
CY2012Q2 us-gaap Number Of Foreign Currency Derivatives Held
NumberOfForeignCurrencyDerivativesHeld
18 numberofderivatives
CY2012Q2 us-gaap Notional Amount Of Derivatives
NotionalAmountOfDerivatives
1000000 USD
CY2012Q2 us-gaap Maximum Remaining Maturity Of Foreign Currency Derivatives
MaximumRemainingMaturityOfForeignCurrencyDerivatives
Jun-13
CY2012Q2 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
400000 USD
CY2011 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
400000 USD
CY2010Q4 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
-1600000 USD
CY2008Q2 us-gaap Unrealized Gain Loss On Interest Rate Cash Flow Hedges Pretax Accumulated Other Comprehensive Income Loss
UnrealizedGainLossOnInterestRateCashFlowHedgesPretaxAccumulatedOtherComprehensiveIncomeLoss
1200000 USD
CY2012Q2 us-gaap Gain Loss On Foreign Currency Cash Flow Hedge Ineffectiveness
GainLossOnForeignCurrencyCashFlowHedgeIneffectiveness
0 USD
CY2012Q2 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
0 USD
CY2012Q2 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
200000 USD
CY2011Q2 us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-100000 USD
CY2011Q2 us-gaap Cash Flow Hedge Gain Loss Reclassified To Cost Of Sales Net
CashFlowHedgeGainLossReclassifiedToCostOfSalesNet
-400000 USD
CY2012Q2 us-gaap Cash Flow Hedge Gain Loss Reclassified To Cost Of Sales Net
CashFlowHedgeGainLossReclassifiedToCostOfSalesNet
0 USD
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-100000 USD
us-gaap Derivative Instruments Gain Loss Recognized In Other Comprehensive Income Effective Portion Net
DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
-500000 USD
us-gaap Cash Flow Hedge Gain Loss Reclassified To Cost Of Sales Net
CashFlowHedgeGainLossReclassifiedToCostOfSalesNet
-700000 USD
us-gaap Cash Flow Hedge Gain Loss Reclassified To Cost Of Sales Net
CashFlowHedgeGainLossReclassifiedToCostOfSalesNet
100000 USD

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