2019 Q4 Form 10-K Financial Statement

#000156459020005037 Filed on February 18, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4 2018 Q3
Revenue $564.3M $561.0M $540.5M
YoY Change 0.59% 9.63% 9.97%
Cost Of Revenue $417.8M $410.6M $397.5M
YoY Change 1.75% 11.12% 11.69%
Gross Profit $146.5M $150.4M $143.0M
YoY Change -2.59% 5.77% 5.46%
Gross Profit Margin 25.96% 26.81% 26.46%
Selling, General & Admin $35.90M $31.70M $32.60M
YoY Change 13.25% -12.19% -6.05%
% of Gross Profit 24.51% 21.08% 22.8%
Research & Development $13.20M $15.20M $13.90M
YoY Change -13.16% 17.83% 17.8%
% of Gross Profit 9.01% 10.11% 9.72%
Depreciation & Amortization $34.60M $32.30M $31.20M
YoY Change 7.12% 14.54% 16.42%
% of Gross Profit 23.62% 21.48% 21.82%
Operating Expenses $49.10M $54.60M $46.50M
YoY Change -10.07% 11.43% 34.01%
Operating Profit $97.40M $95.80M $96.50M
YoY Change 1.67% 2.79% 8.31%
Interest Expense -$10.60M -$10.40M $10.60M
YoY Change 1.92% 40.54% -251.43%
% of Operating Profit -10.88% -10.86% 10.98%
Other Income/Expense, Net $0.00
YoY Change
Pretax Income $86.80M $85.40M $85.90M
YoY Change 1.64% -0.47% 4.63%
Income Tax $14.00M $28.00M $7.800M
% Of Pretax Income 16.13% 32.79% 9.08%
Net Earnings $73.20M $66.10M $80.10M
YoY Change 10.74% -24.97% 14.92%
Net Earnings / Revenue 12.97% 11.78% 14.82%
Basic Earnings Per Share $0.87 $0.78 $0.92
Diluted Earnings Per Share $0.86 $0.76 $0.91
COMMON SHARES
Basic Shares Outstanding 86.10M 87.00M
Diluted Shares Outstanding 88.10M

Balance Sheet

Concept 2019 Q4 2018 Q4 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $64.40M $32.70M $47.20M
YoY Change 96.94% -45.59% -60.37%
Cash & Equivalents $64.40M $32.70M $47.20M
Short-Term Investments
Other Short-Term Assets $27.10M $33.90M $29.10M
YoY Change -20.06% 0.0% -3.0%
Inventory $333.1M $297.8M $308.7M
Prepaid Expenses
Receivables $227.6M $260.9M $270.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $704.9M $675.8M $699.0M
YoY Change 4.31% 2.91% -1.2%
LONG-TERM ASSETS
Property, Plant & Equipment $1.943B $1.877B $1.894B
YoY Change 3.53% 0.55% 3.76%
Goodwill $189.8M $107.7M
YoY Change 76.23% -2.18%
Intangibles
YoY Change
Long-Term Investments $46.50M $48.70M $45.90M
YoY Change -4.52% 2.1% -31.59%
Other Assets $154.0M $80.80M $62.80M
YoY Change 90.59% 31.38% -0.48%
Total Long-Term Assets $2.424B $2.148B $2.148B
YoY Change 12.82% 1.13% 5.8%
TOTAL ASSETS
Total Short-Term Assets $704.9M $675.8M $699.0M
Total Long-Term Assets $2.424B $2.148B $2.148B
Total Assets $3.129B $2.824B $2.847B
YoY Change 10.78% 1.55% 3.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $157.6M $161.9M $143.1M
YoY Change -2.66% 12.35% 11.28%
Accrued Expenses $63.40M $69.90M $50.40M
YoY Change -9.3% 71.74% -59.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $9.500M $9.400M $9.300M
YoY Change 1.06% 118.6% 121.43%
Total Short-Term Liabilities $322.6M $326.7M $270.9M
YoY Change -1.25% 24.65% 5.08%
LONG-TERM LIABILITIES
Long-Term Debt $1.051B $947.4M $980.7M
YoY Change 10.89% 17.6% 18.21%
Other Long-Term Liabilities $100.3M $41.30M $184.9M
YoY Change 142.86% -76.09% -17.12%
Total Long-Term Liabilities $1.151B $988.7M $1.166B
YoY Change 16.41% 1.06% 10.72%
TOTAL LIABILITIES
Total Short-Term Liabilities $322.6M $326.7M $270.9M
Total Long-Term Liabilities $1.151B $988.7M $1.166B
Total Liabilities $1.683B $1.502B $1.479B
YoY Change 12.01% 16.82% 12.87%
SHAREHOLDERS EQUITY
Retained Earnings $1.979B $1.727B $1.673B
YoY Change 14.62% 15.4%
Common Stock $831.0M $799.4M $796.3M
YoY Change 3.95% 3.1%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.245B $1.096B $1.021B
YoY Change 13.61% 49.84%
Treasury Stock Shares $25.70M $23.70M $22.40M
Shareholders Equity $1.446B $1.322B $1.367B
YoY Change
Total Liabilities & Shareholders Equity $3.129B $2.824B $2.847B
YoY Change 10.78% 1.55% 3.99%

Cashflow Statement

Concept 2019 Q4 2018 Q4 2018 Q3
OPERATING ACTIVITIES
Net Income $73.20M $66.10M $80.10M
YoY Change 10.74% -24.97% 14.92%
Depreciation, Depletion And Amortization $34.60M $32.30M $31.20M
YoY Change 7.12% 14.54% 16.42%
Cash From Operating Activities $213.8M $143.0M $121.2M
YoY Change 49.51% 18.97% -3.89%
INVESTING ACTIVITIES
Capital Expenditures -$41.40M -$33.90M -$48.30M
YoY Change 22.12% -40.32% -7.29%
Acquisitions
YoY Change
Other Investing Activities $0.00 -$2.700M -$700.0K
YoY Change -100.0% -95.78% -65.0%
Cash From Investing Activities -$41.40M -$36.60M -$49.00M
YoY Change 13.11% -69.7% -9.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -156.2M -120.5M -63.50M
YoY Change 29.63% 103.2% 3427.78%
NET CHANGE
Cash From Operating Activities 213.8M 143.0M 121.2M
Cash From Investing Activities -41.40M -36.60M -49.00M
Cash From Financing Activities -156.2M -120.5M -63.50M
Net Change In Cash 16.20M -14.10M 8.700M
YoY Change -214.89% -76.46% -87.61%
FREE CASH FLOW
Cash From Operating Activities $213.8M $143.0M $121.2M
Capital Expenditures -$41.40M -$33.90M -$48.30M
Free Cash Flow $255.2M $176.9M $169.5M
YoY Change 44.26% -0.06% -4.88%

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129400000
CY2018 us-gaap Share Based Compensation
ShareBasedCompensation
16200000
CY2017 us-gaap Share Based Compensation
ShareBasedCompensation
17600000
CY2019 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
295900000
CY2018 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
212000000.0
CY2019 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-36500000
CY2018 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
20700000
CY2017 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
413400000
CY2018Q4 us-gaap Liabilities Current
LiabilitiesCurrent
326700000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1050600000
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
947400000
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
1244900000
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
284000000.0
CY2017 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
129400000
CY2018 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
5600000
CY2017 hxl Share Based Compensation Expense And Exercise Of Shares Including Treasury Stock Acquired For Tax Obligations
ShareBasedCompensationExpenseAndExerciseOfSharesIncludingTreasuryStockAcquiredForTaxObligations
35500000
CY2017 us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
156100000
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
276600000
CY2017 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
284000000.0
CY2019Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
53300000
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
1495100000
CY2018 hxl Share Based Compensation Expense And Exercise Of Shares Including Treasury Stock Acquired For Tax Obligations
ShareBasedCompensationExpenseAndExerciseOfSharesIncludingTreasuryStockAcquiredForTaxObligations
24000000.0
CY2018 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
276600000
CY2018 us-gaap Dividends Common Stock
DividendsCommonStock
48400000
CY2018 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-64600000
CY2019 dei Entity File Number
EntityFileNumber
1-8472
CY2018Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
42000000.0
CY2019Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
155700000
CY2018Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
144700000
CY2019 dei Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
DE
CY2019 dei Entity Tax Identification Number
EntityTaxIdentificationNumber
94-1109521
CY2019 dei Entity Address Address Line1
EntityAddressAddressLine1
Two Stamford Plaza
CY2018 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification
3800000
CY2019 dei Entity Address Address Line2
EntityAddressAddressLine2
281 Tresser Boulevard, 16th Floor
CY2019 dei Entity Address City Or Town
EntityAddressCityOrTown
Stamford
CY2019 dei Entity Address State Or Province
EntityAddressStateOrProvince
CT
CY2019 dei Entity Address Postal Zip Code
EntityAddressPostalZipCode
06901
CY2019 dei City Area Code
CityAreaCode
(203)
CY2019 dei Local Phone Number
LocalPhoneNumber
969-0666
CY2019 dei Security12b Title
Security12bTitle
COMMON STOCK
CY2019 dei Trading Symbol
TradingSymbol
HXL
CY2019 dei Security Exchange Name
SecurityExchangeName
NYSE
CY2019 dei Entity Interactive Data Current
EntityInteractiveDataCurrent
Yes
CY2018Q4 us-gaap Derivative Liabilities Current
DerivativeLiabilitiesCurrent
9700000
CY2018Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
69900000
CY2018 us-gaap Operating Income Loss
OperatingIncomeLoss
371200000
CY2017 us-gaap Interest Expense
InterestExpense
27400000
CY2019 hxl Income Loss From Continuing Operations Before Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeLossFromEquityMethodInvestments
302900000
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
3700000
CY2017 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-20200000
CY2019 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
30400000
CY2018 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
25200000
CY2017 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2300000
CY2019 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5800000
CY2018 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8600000
CY2017 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
100000
CY2019 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
12500000
CY2018 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
23300000
CY2017 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-2100000
CY2019 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-700000
CY2018 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-3700000
CY2017 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-1100000
CY2019 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
491100000
CY2018 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
421400000
CY2017 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
428700000
CY2019 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
204100000
CY2018 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
184100000
CY2017 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
278100000
CY2019 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
163200000
CY2018 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
3400000
CY2017 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
76000000.0
CY2019 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-367300000
CY2018 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-187500000
CY2017 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-354100000
CY2019 us-gaap Repayments Of Debt
RepaymentsOfDebt
9000000.0
CY2018 us-gaap Repayments Of Debt
RepaymentsOfDebt
4200000
CY2017 us-gaap Repayments Of Debt
RepaymentsOfDebt
4100000
CY2017 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
398300000
CY2017 hxl Proceeds From Settlement Of Treasury Lock
ProceedsFromSettlementOfTreasuryLock
10000000.0
CY2017 us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
37400000
CY2019 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
800000
CY2018 us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
200000
CY2018 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
200000
CY2017 us-gaap Proceeds From Repayments Of Other Debt
ProceedsFromRepaymentsOfOtherDebt
-500000
CY2019 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
54200000
CY2018 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
48400000
CY2017 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
42600000
CY2019 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
143000000.0
CY2018 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
357700000
CY2017 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
150300000
CY2019 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
7100000
CY2018 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
1000000.0
CY2017 us-gaap Proceeds From Stock Plans
ProceedsFromStockPlans
12200000
CY2019 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-91400000
CY2018 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-257300000
CY2019 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-700000
CY2018 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents Continuing Operations
EffectOfExchangeRateOnCashAndCashEquivalentsContinuingOperations
-4000000.0
CY2019 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
31700000
CY2018 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-27400000
CY2017 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
24900000
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
32700000
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
60100000
CY2019 hxl Net Impact Of Capital Expenditure Payments And Accrued Payables
NetImpactOfCapitalExpenditurePaymentsAndAccruedPayables
191000000.0
CY2018 hxl Net Impact Of Capital Expenditure Payments And Accrued Payables
NetImpactOfCapitalExpenditurePaymentsAndAccruedPayables
179100000
CY2019 us-gaap Use Of Estimates
UseOfEstimates
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Use of Estimates </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Preparation of the accompanying consolidated financial statements and related disclosures in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. </p>
CY2019Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
3700000
CY2018Q4 us-gaap Deferred Finance Costs Noncurrent Net
DeferredFinanceCostsNoncurrentNet
2200000
CY2019Q4 hxl Net Deferred Financing Costs Non Current Contra Liability
NetDeferredFinancingCostsNonCurrentContraLiability
4200000
CY2018Q4 hxl Net Deferred Financing Costs Non Current Contra Liability
NetDeferredFinancingCostsNonCurrentContraLiability
4800000
CY2017Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
148700000
CY2018 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
2900000
CY2018 hxl Goodwill And Intangible Assets Currency Translation And Other Adjustments
GoodwillAndIntangibleAssetsCurrencyTranslationAndOtherAdjustments
-3500000
CY2018Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
142300000
CY2019 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<p style="margin-bottom:0pt;margin-top:18pt;text-indent:0%;font-style:italic;font-family:Times New Roman;font-size:10pt;font-weight:normal;text-transform:none;font-variant: normal;">Concentration of Credit Risk </p> <p style="margin-bottom:0pt;margin-top:6pt;text-indent:3.33%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Financial instruments that potentially subject us to significant concentrations of credit risk consist primarily of trade accounts receivable. Two customers and their related subcontractors accounted for approximately 64% of our annual net sales in 2019, 66% in 2018 and 69% in 2017. Refer to Note 18 for further information on significant customers. We perform ongoing credit evaluations of our customers’ financial condition but generally do not require collateral or other security to support customer receivables. We establish an allowance for doubtful accounts based on factors surrounding the credit risk of specific customers, historical trends and other financial information. As of December 31, 2019 and 2018 the allowance for doubtful accounts was $0.6 million, and $0.3 million, respectively. Bad debt expense was immaterial for all years presented. </p>
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
600000
CY2018Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
300000
CY2018Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
122800000
CY2019Q4 us-gaap Inventory Net
InventoryNet
333100000
CY2018Q4 us-gaap Inventory Net
InventoryNet
297800000
CY2019 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
6900000
CY2019 hxl Goodwill And Intangible Assets Acquired
GoodwillAndIntangibleAssetsAcquired
145100000
CY2019 hxl Goodwill And Intangible Assets Currency Translation And Other Adjustments
GoodwillAndIntangibleAssetsCurrencyTranslationAndOtherAdjustments
-100000
CY2019Q4 us-gaap Intangible Assets Net Including Goodwill
IntangibleAssetsNetIncludingGoodwill
280400000
CY2019Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
154900000
CY2018Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
131400000
CY2019Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
40900000
CY2018Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
43600000
CY2019Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
137300000
CY2019Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
3075100000
CY2018Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2902100000
CY2019Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1132300000
CY2018Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1025600000
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1942800000
CY2018Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1876500000
CY2019 us-gaap Depreciation
Depreciation
134700000
CY2018 us-gaap Depreciation
Depreciation
120100000
CY2017 us-gaap Depreciation
Depreciation
103500000
CY2019 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
12700000
CY2018 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
9500000
CY2019Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
9200000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
81400000
CY2019Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
14800000
CY2019Q4 us-gaap Goodwill
Goodwill
189800000
CY2019 us-gaap Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
P13Y
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
7000000.0
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
7000000.0
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
7000000.0
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
6900000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
6600000
CY2019Q4 us-gaap Finite Lived Intangible Assets Amortization Expense After Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFive
46900000
CY2019Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
81400000
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
600000
CY2018Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
300000
CY2019Q4 us-gaap Loans Payable Current
LoansPayableCurrent
8900000
CY2018Q4 us-gaap Loans Payable Current
LoansPayableCurrent
9100000
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
9500000
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
9400000
CY2019Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
41500000
CY2018Q4 us-gaap Long Term Loans Payable
LongTermLoansPayable
51400000
CY2019Q4 hxl Finance Lease Obligations Noncurrent And Other Long Term Debt
FinanceLeaseObligationsNoncurrentAndOtherLongTermDebt
2000000.0
CY2018Q4 hxl Finance Lease Obligations Noncurrent And Other Long Term Debt
FinanceLeaseObligationsNoncurrentAndOtherLongTermDebt
800000
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1050600000
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
947400000
CY2019Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
1060100000
CY2018Q4 us-gaap Debt And Capital Lease Obligations
DebtAndCapitalLeaseObligations
956800000
CY2019Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.047
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
66500000
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
66500000
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
53600000
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P9Y
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.030
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
12900000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
11300000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
9400000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
8600000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
7700000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
29500000
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
79400000
CY2018 hxl Multiemployer Plans Collective Bargaining Arrangement Percentage Of Employers Contributions By Parent Minimum
MultiemployerPlansCollectiveBargainingArrangementPercentageOfEmployersContributionsByParentMinimum
0.05
CY2017 hxl Multiemployer Plans Collective Bargaining Arrangement Percentage Of Employers Contributions By Parent Minimum
MultiemployerPlansCollectiveBargainingArrangementPercentageOfEmployersContributionsByParentMinimum
0.05
CY2019 hxl Multiemployer Plans Collective Bargaining Arrangement Percentage Of Employers Contributions By Parent Minimum
MultiemployerPlansCollectiveBargainingArrangementPercentageOfEmployersContributionsByParentMinimum
0.05
CY2019 us-gaap Multiemployer Plans Plan Contributions1
MultiemployerPlansPlanContributions1
2500000
CY2018 us-gaap Multiemployer Plans Plan Contributions1
MultiemployerPlansPlanContributions1
2100000
CY2017 us-gaap Multiemployer Plans Plan Contributions1
MultiemployerPlansPlanContributions1
1900000
CY2019Q4 hxl Multiemployer Plan Expected Contributions In Next Fiscal Year
MultiemployerPlanExpectedContributionsInNextFiscalYear
2500000
CY2019 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-1000000.0
CY2018 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
-1600000
CY2017 us-gaap Defined Benefit Plan Net Periodic Benefit Cost
DefinedBenefitPlanNetPeriodicBenefitCost
600000
CY2019 hxl Defined Contribution Plan Union Sponsored Multi Employer Pension Plan Contribution Cost Recognized
DefinedContributionPlanUnionSponsoredMultiEmployerPensionPlanContributionCostRecognized
2500000
CY2018 hxl Defined Contribution Plan Union Sponsored Multi Employer Pension Plan Contribution Cost Recognized
DefinedContributionPlanUnionSponsoredMultiEmployerPensionPlanContributionCostRecognized
2100000
CY2017 hxl Defined Contribution Plan Union Sponsored Multi Employer Pension Plan Contribution Cost Recognized
DefinedContributionPlanUnionSponsoredMultiEmployerPensionPlanContributionCostRecognized
1900000
CY2019 hxl Defined Contribution Plan Matching Contribution Cost Recognized
DefinedContributionPlanMatchingContributionCostRecognized
11400000
CY2018 hxl Defined Contribution Plan Matching Contribution Cost Recognized
DefinedContributionPlanMatchingContributionCostRecognized
10200000
CY2017 hxl Defined Contribution Plan Matching Contribution Cost Recognized
DefinedContributionPlanMatchingContributionCostRecognized
9700000
CY2019 hxl Defined Contribution Plan Profit Sharing Contribution Cost Recognized
DefinedContributionPlanProfitSharingContributionCostRecognized
10400000
CY2018 hxl Defined Contribution Plan Profit Sharing Contribution Cost Recognized
DefinedContributionPlanProfitSharingContributionCostRecognized
10200000
CY2017 hxl Defined Contribution Plan Profit Sharing Contribution Cost Recognized
DefinedContributionPlanProfitSharingContributionCostRecognized
9200000
CY2019 hxl Costs Of Retirement Plans
CostsOfRetirementPlans
23300000
CY2018 hxl Costs Of Retirement Plans
CostsOfRetirementPlans
20900000
CY2017 hxl Costs Of Retirement Plans
CostsOfRetirementPlans
21400000
CY2019Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
214300000
CY2018Q4 us-gaap Defined Benefit Plan Fair Value Of Plan Assets
DefinedBenefitPlanFairValueOfPlanAssets
184300000
CY2019Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2019Q4 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
1
CY2018Q4 us-gaap Defined Benefit Plan Weighted Average Asset Allocations
DefinedBenefitPlanWeightedAverageAssetAllocations
1
CY2018Q4 us-gaap Defined Benefit Plan Plan Assets Target Allocation Percentage
DefinedBenefitPlanPlanAssetsTargetAllocationPercentage
1
CY2019 hxl Defined Benefit Plan Health Care Cost Trend Rate Assumed For Medical Care
DefinedBenefitPlanHealthCareCostTrendRateAssumedForMedicalCare
0.070
CY2019 hxl Defined Benefit Plan Health Care Cost Trend Rate Assumed For Dental And Vision Care
DefinedBenefitPlanHealthCareCostTrendRateAssumedForDentalAndVisionCare
0.050
CY2019 hxl Defined Benefit Plan Ultimate Health Care Cost Trend Rate For Medical Care
DefinedBenefitPlanUltimateHealthCareCostTrendRateForMedicalCare
0.0475
CY2019 hxl Defined Benefit Plan Ultimate Health Care Cost Trend Rate For Dental And Vision Care
DefinedBenefitPlanUltimateHealthCareCostTrendRateForDentalAndVisionCare
0.050
CY2019 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
284100000
CY2018 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
IncomeLossFromContinuingOperationsBeforeIncomeTaxesDomestic
222900000
CY2017 us-gaap Income Loss From Continuing Operations Before Income Taxes Domestic
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