2019 Q2 Form 10-Q Financial Statement
#000156459019025459 Filed on July 22, 2019
Income Statement
Concept | 2019 Q2 | 2018 Q2 | 2017 Q4 |
---|---|---|---|
Revenue | $609.0M | $547.5M | $511.7M |
YoY Change | 11.23% | 11.44% | 5.83% |
Cost Of Revenue | $440.2M | $402.7M | $369.5M |
YoY Change | 9.31% | 14.6% | 6.21% |
Gross Profit | $168.8M | $144.8M | $142.2M |
YoY Change | 16.57% | 3.5% | 4.87% |
Gross Profit Margin | 27.72% | 26.45% | 27.79% |
Selling, General & Admin | $39.50M | $35.30M | $36.10M |
YoY Change | 11.9% | -7.35% | -1.1% |
% of Gross Profit | 23.4% | 24.38% | 25.39% |
Research & Development | $14.20M | $13.00M | $12.90M |
YoY Change | 9.23% | 7.44% | 6.61% |
% of Gross Profit | 8.41% | 8.98% | 9.07% |
Depreciation & Amortization | $34.00M | $29.80M | $28.20M |
YoY Change | 14.09% | 18.73% | 16.05% |
% of Gross Profit | 20.14% | 20.58% | 19.83% |
Operating Expenses | $53.70M | $48.30M | $49.00M |
YoY Change | 11.18% | -3.78% | 0.82% |
Operating Profit | $115.1M | $96.50M | $93.20M |
YoY Change | 19.27% | 7.58% | 7.13% |
Interest Expense | $11.90M | $8.700M | -$7.400M |
YoY Change | 36.78% | 27.94% | 39.62% |
% of Operating Profit | 10.34% | 9.02% | -7.94% |
Other Income/Expense, Net | $0.00 | ||
YoY Change | |||
Pretax Income | $103.2M | $87.80M | $85.80M |
YoY Change | 17.54% | 5.91% | 5.02% |
Income Tax | $23.60M | $20.00M | $20.30M |
% Of Pretax Income | 22.87% | 22.78% | 23.66% |
Net Earnings | $80.90M | $68.80M | $88.10M |
YoY Change | 17.59% | 11.69% | 48.07% |
Net Earnings / Revenue | 13.28% | 12.57% | 17.22% |
Basic Earnings Per Share | $0.95 | $0.77 | $0.97 |
Diluted Earnings Per Share | $0.94 | $0.76 | $0.96 |
COMMON SHARES | |||
Basic Shares Outstanding | 85.20M | 88.80M | |
Diluted Shares Outstanding | 86.20M |
Balance Sheet
Concept | 2019 Q2 | 2018 Q2 | 2017 Q4 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $55.40M | $39.10M | $60.10M |
YoY Change | 41.69% | -14.07% | 70.74% |
Cash & Equivalents | $55.40M | $39.10M | $60.10M |
Short-Term Investments | |||
Other Short-Term Assets | $30.40M | $38.40M | $33.90M |
YoY Change | -20.83% | 4.92% | -3.69% |
Inventory | $339.3M | $305.4M | $314.0M |
Prepaid Expenses | |||
Receivables | $313.3M | $324.9M | $248.7M |
Other Receivables | $0.00 | $0.00 | $0.00 |
Total Short-Term Assets | $798.1M | $707.8M | $656.7M |
YoY Change | 12.76% | 9.16% | 8.19% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.922B | $1.880B | $1.866B |
YoY Change | 2.25% | 5.27% | 14.81% |
Goodwill | $189.6M | $110.1M | |
YoY Change | 65.32% | ||
Intangibles | $94.00M | ||
YoY Change | |||
Long-Term Investments | $51.80M | $44.60M | $47.70M |
YoY Change | 16.14% | -30.2% | -10.17% |
Other Assets | $139.7M | $58.80M | $61.50M |
YoY Change | 137.59% | 5.0% | 44.03% |
Total Long-Term Assets | $2.397B | $2.128B | $2.124B |
YoY Change | 12.63% | 7.55% | 18.43% |
TOTAL ASSETS | |||
Total Short-Term Assets | $798.1M | $707.8M | $656.7M |
Total Long-Term Assets | $2.397B | $2.128B | $2.124B |
Total Assets | $3.195B | $2.836B | $2.781B |
YoY Change | 12.66% | 7.95% | 15.84% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $177.8M | $147.1M | $144.1M |
YoY Change | 20.87% | 5.45% | 4.95% |
Accrued Expenses | $105.3M | $68.60M | $40.70M |
YoY Change | 53.5% | -45.98% | -35.91% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $9.700M | $9.300M | $4.300M |
YoY Change | 4.3% | 116.28% | 0.0% |
Total Short-Term Liabilities | $359.7M | $293.8M | $262.1M |
YoY Change | 22.43% | 8.49% | -3.6% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.116B | $930.1M | $805.6M |
YoY Change | 19.97% | 13.8% | 17.71% |
Other Long-Term Liabilities | $234.8M | $171.1M | $172.7M |
YoY Change | 37.23% | -18.09% | 8.34% |
Total Long-Term Liabilities | $1.351B | $1.101B | $978.3M |
YoY Change | 22.65% | 427.14% | 15.94% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $359.7M | $293.8M | $262.1M |
Total Long-Term Liabilities | $1.351B | $1.101B | $978.3M |
Total Liabilities | $1.753B | $1.436B | $1.286B |
YoY Change | 22.03% | 10.74% | 11.26% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | $1.854B | $1.606B | $1.496B |
YoY Change | 15.43% | 18.05% | 19.24% |
Common Stock | $819.0M | $793.1M | $775.4M |
YoY Change | 3.27% | 3.78% | 4.8% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | $1.113B | $918.7M | $731.4M |
YoY Change | 21.11% | 30.96% | 27.13% |
Treasury Stock Shares | $24.00M | $20.90M | $18.20M |
Shareholders Equity | $1.442B | $1.400B | $1.495B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $3.195B | $2.836B | $2.781B |
YoY Change | 12.66% | 7.95% | 15.84% |
Cashflow Statement
Concept | 2019 Q2 | 2018 Q2 | 2017 Q4 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $80.90M | $68.80M | $88.10M |
YoY Change | 17.59% | 11.69% | 48.07% |
Depreciation, Depletion And Amortization | $34.00M | $29.80M | $28.20M |
YoY Change | 14.09% | 18.73% | 16.05% |
Cash From Operating Activities | $111.3M | $94.60M | $120.2M |
YoY Change | 17.65% | -26.21% | 4.89% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$38.20M | -$42.40M | -$56.80M |
YoY Change | -9.91% | -49.34% | -40.89% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$4.800M | $0.00 | -$64.00M |
YoY Change | 1180.0% | ||
Cash From Investing Activities | -$43.00M | -$42.40M | -$120.8M |
YoY Change | 1.42% | -49.34% | 19.49% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -56.70M | -57.80M | -59.30M |
YoY Change | -1.9% | -32.0% | 204.1% |
NET CHANGE | |||
Cash From Operating Activities | 111.3M | 94.60M | 120.2M |
Cash From Investing Activities | -43.00M | -42.40M | -120.8M |
Cash From Financing Activities | -56.70M | -57.80M | -59.30M |
Net Change In Cash | 11.60M | -5.600M | -59.90M |
YoY Change | -307.14% | -86.17% | 898.33% |
FREE CASH FLOW | |||
Cash From Operating Activities | $111.3M | $94.60M | $120.2M |
Capital Expenditures | -$38.20M | -$42.40M | -$56.80M |
Free Cash Flow | $149.5M | $137.0M | $177.0M |
YoY Change | 9.12% | -35.35% | -15.99% |
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130400000 | ||
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-1400000 | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-57400000 | |
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-4200000 | ||
us-gaap |
Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
|
-25800000 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
86100000 | ||
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
90500000 | ||
CY2018Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
1000000.0 | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3300000 | ||
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2300000 | ||
CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.95 | |
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.77 | |
CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.94 | |
CY2019Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.15 | |
CY2018Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.125 | |
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.30 | ||
us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.25 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
89400000 | ||
CY2019Q2 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
-100000 | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
-1300000 | |
us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
300000 | ||
us-gaap |
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
|
-500000 | ||
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
|
-2900000 | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
|
-16900000 | |
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
|
-5600000 | ||
us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax Parent
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTaxParent
|
-12100000 | ||
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-4200000 | |
CY2018Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-73000000.0 | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-10100000 | ||
us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-37400000 | ||
CY2019Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
76700000 | |
CY2018Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-4200000 | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
143000000.0 | ||
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
93000000.0 | ||
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
22400000 | ||
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1322000000.0 | |
hxl |
Income Loss From Equity Method Investments And Gain Loss On Sale Of Investments
IncomeLossFromEquityMethodInvestmentsAndGainLossOnSaleOfInvestments
|
3300000 | ||
hxl |
Income Loss From Equity Method Investments And Gain Loss On Sale Of Investments
IncomeLossFromEquityMethodInvestmentsAndGainLossOnSaleOfInvestments
|
2300000 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
48000000.0 | ||
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
43400000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
36300000 | ||
us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
28600000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
15800000 | ||
us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
12900000 | ||
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
17400000 | ||
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
24700000 | ||
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
3800000 | ||
us-gaap |
Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
|
-4300000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
157200000 | ||
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
157200000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
99300000 | ||
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
101900000 | ||
us-gaap |
Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
|
163200000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-262500000 | ||
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-101900000 | ||
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
9000000.0 | ||
us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
4200000 | ||
hxl |
Repayment Of Finance Lease Obligation And Other Debt Net
RepaymentOfFinanceLeaseObligationAndOtherDebtNet
|
400000 | ||
us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
2200000 | ||
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
25500000 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
11200000 | ||
us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
181000000.0 | ||
hxl |
Proceeds From Payments To Stock Plans
ProceedsFromPaymentsToStockPlans
|
500000 | ||
hxl |
Proceeds From Payments To Stock Plans
ProceedsFromPaymentsToStockPlans
|
-700000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
128200000 | ||
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-73300000 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-200000 | ||
us-gaap |
Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
|
-3000000.0 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
22700000 | ||
us-gaap |
Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
|
-21000000.0 | ||
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
32700000 | |
CY2017Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
60100000 | |
CY2019Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
55400000 | |
CY2018Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
39100000 | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
107600000 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
90000000.0 | ||
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1495100000 | |
CY2018Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
61600000 | |
CY2018Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
11200000 | |
CY2018Q1 | us-gaap |
New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
|
3800000 | |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
35600000 | |
CY2018Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
7700000 | |
CY2018Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
30100000 | |
CY2018Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1562500000 | |
CY2018Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
68800000 | |
CY2018Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
11300000 | |
CY2018Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
3700000 | |
CY2018Q2 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
150900000 | |
CY2018Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1399800000 | |
CY2019Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
72200000 | |
CY2019Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
12700000 | |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-5900000 | |
CY2019Q1 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
8000000.0 | |
CY2019Q1 | us-gaap |
Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
|
11200000 | |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1372400000 | |
CY2019Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
80900000 | |
CY2019Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
12800000 | |
CY2019Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
|
-4200000 | |
CY2019Q2 | us-gaap |
Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
|
6100000 | |
CY2019Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1442400000 | |
CY2019Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
80900000 | |
CY2018Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
68800000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
153100000 | ||
CY2019Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
85200000 | |
CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
88800000 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
85100000 | ||
CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.95 | |
CY2018Q2 | us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
0.77 | |
us-gaap |
Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
|
1.80 | ||
CY2019Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
80900000 | |
CY2018Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
68800000 | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
153100000 | ||
CY2019Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
85200000 | |
us-gaap |
Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
|
0.24 | ||
CY2018Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
88800000 | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
85100000 | ||
CY2019Q2 | hxl |
Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
|
400000 | |
CY2018Q2 | hxl |
Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
|
400000 | |
hxl |
Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
|
400000 | ||
hxl |
Incremental Common Shares Attributable To Restricted Stock Units
IncrementalCommonSharesAttributableToRestrictedStockUnits
|
400000 | ||
CY2019Q2 | hxl |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
600000 | |
CY2018Q2 | hxl |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
700000 | |
hxl |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
600000 | ||
hxl |
Incremental Common Shares Attributable To Stock Options
IncrementalCommonSharesAttributableToStockOptions
|
700000 | ||
CY2019Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
86200000 | |
CY2019Q2 | us-gaap |
Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
|
0.94 | |
CY2019Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
100000 | |
CY2019Q2 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
170300000 | |
CY2018Q4 | us-gaap |
Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
|
131400000 | |
CY2019Q2 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
42400000 | |
CY2018Q4 | us-gaap |
Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
|
43600000 | |
CY2019Q2 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
126600000 | |
CY2018Q4 | us-gaap |
Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
|
122800000 | |
CY2019Q2 | us-gaap |
Inventory Net
InventoryNet
|
339300000 | |
CY2018Q4 | us-gaap |
Inventory Net
InventoryNet
|
297800000 | |
CY2019Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
67200000 | |
CY2019Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
67600000 | |
CY2019Q2 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
56400000 | |
CY2019Q2 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P9Y | |
hxl |
Number Of Counterparties That Are Highly Rated Financial Institutions Which Experienced Significant Downgrades
NumberOfCounterpartiesThatAreHighlyRatedFinancialInstitutionsWhichExperiencedSignificantDowngrades
|
0 | ||
CY2019Q2 | hxl |
Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Tax Amount
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsTaxAmount
|
3000000.0 | |
hxl |
Debt Instrument Covenant Increase In Interest Coverage Ratio
DebtInstrumentCovenantIncreaseInInterestCoverageRatio
|
4.25 | ||
CY2019Q2 | us-gaap |
Foreign Currency Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months
ForeignCurrencyCashFlowHedgeGainLossToBeReclassifiedDuringNext12Months
|
-8700000 | |
CY2019Q2 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.026 | |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
6000000.0 | |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
11600000 | |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
10200000 | |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
8300000 | |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
7800000 | |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
34100000 | |
CY2019Q2 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
78000000.0 | |
CY2019Q2 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
700000 | |
CY2018Q4 | us-gaap |
Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
|
300000 | |
CY2019Q2 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
9000000.0 | |
CY2018Q4 | us-gaap |
Loans Payable Current
LoansPayableCurrent
|
9100000 | |
CY2019Q2 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
9700000 | |
CY2018Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
9400000 | |
CY2019Q2 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
42000000.0 | |
CY2018Q4 | us-gaap |
Long Term Loans Payable
LongTermLoansPayable
|
51400000 | |
CY2019Q2 | hxl |
Finance Lease Obligations Noncurrent And Other Long Term Debt
FinanceLeaseObligationsNoncurrentAndOtherLongTermDebt
|
2200000 | |
CY2018Q4 | hxl |
Finance Lease Obligations Noncurrent And Other Long Term Debt
FinanceLeaseObligationsNoncurrentAndOtherLongTermDebt
|
800000 | |
CY2019Q2 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
1115800000 | |
CY2018Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
947400000 | |
CY2019Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
1125500000 | |
CY2018Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
956800000 | |
us-gaap |
Debt Instrument Covenant Description
DebtInstrumentCovenantDescription
|
As defined in the Facility Agreement, we are required to maintain a minimum interest coverage ratio of 3.50 (based on the ratio of EBITDA to interest expense) and may not exceed a maximum leverage ratio of 3.75 (based on the ratio of total debt to EBITDA) with a step up to 4.25 allowed following a significant acquisition. | ||
CY2019Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
23600000 | |
CY2018Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
20000000.0 | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
44200000 | ||
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
34100000 | ||
CY2018Q2 | us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
1300000 | |
us-gaap |
Tax Adjustments Settlements And Unusual Provisions
TaxAdjustmentsSettlementsAndUnusualProvisions
|
1300000 | ||
us-gaap |
Revenue Performance Obligation Description Of Timing
RevenuePerformanceObligationDescriptionOfTiming
|
As our production cycle is typically six months or less, it is expected that goods related to the revenue recognized over time will be shipped and billed within the current year. | ||
CY2019Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
609000000.0 | |
CY2018Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
547500000 | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1218900000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1087600000 | ||
CY2018Q4 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
50500000 | |
CY2019Q1 | hxl |
Change In Unbilled Revenue Earned Over Time
ChangeInUnbilledRevenueEarnedOverTime
|
-3200000 | |
CY2019Q1 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
53700000 | |
CY2019Q2 | hxl |
Change In Unbilled Revenue Earned Over Time
ChangeInUnbilledRevenueEarnedOverTime
|
-6000000.0 | |
CY2019Q2 | us-gaap |
Contract With Customer Asset Net
ContractWithCustomerAssetNet
|
59700000 | |
CY2019Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
609000000.0 | |
CY2019Q2 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
115100000 | |
CY2019Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
34000000.0 | |
CY2019Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2400000 | |
CY2019Q2 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
50100000 | |
CY2018Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
547500000 | |
CY2018Q2 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
29800000 | |
CY2018Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2100000 | |
CY2018Q2 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
44700000 | |
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
107600000 | ||
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1087600000 | ||
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
178900000 | ||
us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
59600000 | ||
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
12000000.0 | ||
us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
90000000.0 | ||
CY2018Q4 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
142300000 | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3500000 | ||
hxl |
Goodwill And Intangible Assets Acquired
GoodwillAndIntangibleAssetsAcquired
|
145100000 | ||
hxl |
Goodwill And Intangible Assets Currency Translation And Other Adjustments
GoodwillAndIntangibleAssetsCurrencyTranslationAndOtherAdjustments
|
-300000 | ||
CY2019Q2 | us-gaap |
Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
|
283600000 | |
CY2019Q2 | us-gaap |
Goodwill
Goodwill
|
189600000 | |
CY2019Q2 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
94000000.0 | |
us-gaap |
Goodwill And Intangible Asset Impairment
GoodwillAndIntangibleAssetImpairment
|
0 | ||
us-gaap |
Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
|
-13800000 | ||
us-gaap |
Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
|
-3700000 | ||
CY2019Q2 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
2600000 | |
CY2018Q4 | us-gaap |
Accrual For Environmental Loss Contingencies
AccrualForEnvironmentalLossContingencies
|
2700000 | |
CY2019Q2 | us-gaap |
Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
|
700000 | |
CY2018Q4 | us-gaap |
Accrued Environmental Loss Contingencies Current
AccruedEnvironmentalLossContingenciesCurrent
|
800000 | |
CY2019Q2 | hxl |
Accrual For Environmental Loss Contingencies Amount Which Is Better Estimate Within Range
AccrualForEnvironmentalLossContingenciesAmountWhichIsBetterEstimateWithinRange
|
0 | |
CY2018Q4 | hxl |
Accrual For Environmental Loss Contingencies Amount Which Is Better Estimate Within Range
AccrualForEnvironmentalLossContingenciesAmountWhichIsBetterEstimateWithinRange
|
0 | |
CY2019Q2 | hxl |
Accrual For Environmental Loss Contingencies High End Of Range
AccrualForEnvironmentalLossContingenciesHighEndOfRange
|
16000000 | |
CY2019Q1 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
2400000 | |
CY2019Q2 | us-gaap |
Standard Product Warranty Accrual Warranties Issued
StandardProductWarrantyAccrualWarrantiesIssued
|
600000 | |
CY2019Q2 | hxl |
Standard Product Warranty Accrual Period Decrease Excluding Warranties Issued
StandardProductWarrantyAccrualPeriodDecreaseExcludingWarrantiesIssued
|
1000000.0 | |
CY2019Q2 | us-gaap |
Standard Product Warranty Accrual
StandardProductWarrantyAccrual
|
6500000 |