$MAGN
Magnera Corp

2016 Q1 Form 10-Q Financial Statement

#000119312516574972 Filed on May 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q1 2015 Q1
Revenue $402.9M $419.5M
YoY Change -3.97% -8.99%
Cost Of Revenue $345.0M $367.4M
YoY Change -6.09% -9.49%
Gross Profit $57.84M $52.11M
YoY Change 11.01% -5.33%
Gross Profit Margin 14.36% 12.42%
Selling, General & Admin $31.86M $31.27M
YoY Change 1.87% -6.79%
% of Gross Profit 55.08% 60.01%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $16.65M $15.98M
YoY Change 4.2% -14.18%
% of Gross Profit 28.78% 30.66%
Operating Expenses $31.86M $31.27M
YoY Change 1.87% -6.79%
Operating Profit $25.96M $23.49M
YoY Change 10.52% 5.35%
Interest Expense $4.116M $4.508M
YoY Change -8.7% -6.32%
% of Operating Profit 15.85% 19.19%
Other Income/Expense, Net -$4.725M -$4.630M
YoY Change 2.05% 1.98%
Pretax Income $21.24M $18.86M
YoY Change 12.6% 6.21%
Income Tax $5.068M $4.935M
% Of Pretax Income 23.87% 26.17%
Net Earnings $16.17M $13.93M
YoY Change 16.11% -4.94%
Net Earnings / Revenue 4.01% 3.32%
Basic Earnings Per Share $0.37 $0.32
Diluted Earnings Per Share $0.37 $0.32
COMMON SHARES
Basic Shares Outstanding 43.52M 43.25M shares
Diluted Shares Outstanding 43.87M 43.95M shares

Balance Sheet

Concept 2016 Q1 2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $70.30M $71.60M
YoY Change -1.82% -4.28%
Cash & Equivalents $70.26M $71.57M
Short-Term Investments
Other Short-Term Assets $458.4M $478.0M
YoY Change -4.1% -2.0%
Inventory $255.5M $244.5M
Prepaid Expenses
Receivables $167.5M $167.7M
Other Receivables $0.00 $0.00
Total Short-Term Assets $528.7M $549.6M
YoY Change -3.81% -2.31%
LONG-TERM ASSETS
Property, Plant & Equipment $735.9M $662.8M
YoY Change 11.03% -7.65%
Goodwill $79.14M $74.88M
YoY Change 5.69% -21.7%
Intangibles $64.45M $67.30M
YoY Change -4.23% -28.96%
Long-Term Investments
YoY Change
Other Assets $113.3M $132.7M
YoY Change -14.64% -25.6%
Total Long-Term Assets $992.8M $937.7M
YoY Change 5.88% -13.69%
TOTAL ASSETS
Total Short-Term Assets $528.7M $549.6M
Total Long-Term Assets $992.8M $937.7M
Total Assets $1.521B $1.487B
YoY Change 2.3% -9.81%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $158.3M $136.8M
YoY Change 15.71% -9.36%
Accrued Expenses $103.7M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $7.704M $6.885M
YoY Change 11.9%
Total Short-Term Liabilities $289.3M $258.4M
YoY Change 11.96% -3.29%
LONG-TERM LIABILITIES
Long-Term Debt $356.4M $379.8M
YoY Change -6.15% -10.61%
Other Long-Term Liabilities $103.9M $125.7M
YoY Change -17.38% 3.4%
Total Long-Term Liabilities $460.3M $505.5M
YoY Change -8.94% -7.49%
TOTAL LIABILITIES
Total Short-Term Liabilities $289.3M $258.4M
Total Long-Term Liabilities $460.3M $505.5M
Total Liabilities $831.3M $864.4M
YoY Change -3.83% -9.22%
SHAREHOLDERS EQUITY
Retained Earnings $973.9M $928.2M
YoY Change 4.92% 5.57%
Common Stock $54.63M $52.53M
YoY Change 4.01% -3.4%
Preferred Stock
YoY Change
Treasury Stock (at cost) $163.6M $167.7M
YoY Change -2.44% 2.03%
Treasury Stock Shares
Shareholders Equity $690.2M $622.9M
YoY Change
Total Liabilities & Shareholders Equity $1.521B $1.487B
YoY Change 2.3% -9.81%

Cashflow Statement

Concept 2016 Q1 2015 Q1
OPERATING ACTIVITIES
Net Income $16.17M $13.93M
YoY Change 16.11% -4.94%
Depreciation, Depletion And Amortization $16.65M $15.98M
YoY Change 4.2% -14.18%
Cash From Operating Activities $11.40M $2.200M
YoY Change 418.18% -121.57%
INVESTING ACTIVITIES
Capital Expenditures $43.29M $21.75M
YoY Change 99.06% 50.67%
Acquisitions
YoY Change
Other Investing Activities $300.0K $1.600M
YoY Change -81.25% 100.0%
Cash From Investing Activities -$43.60M -$20.60M
YoY Change 111.65% 51.47%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.926M
YoY Change
Cash From Financing Activities -4.100M -7.200M
YoY Change -43.06% -70.37%
NET CHANGE
Cash From Operating Activities 11.40M 2.200M
Cash From Investing Activities -43.60M -20.60M
Cash From Financing Activities -4.100M -7.200M
Net Change In Cash -36.30M -25.60M
YoY Change 41.8% -46.78%
FREE CASH FLOW
Cash From Operating Activities $11.40M $2.200M
Capital Expenditures $43.29M $21.75M
Free Cash Flow -$31.89M -$19.55M
YoY Change 63.15% -20.65%

Facts In Submission

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0.125
CY2016Q1 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016Q1 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
66000
CY2016Q1 dei Entity Registrant Name
EntityRegistrantName
GLATFELTER P H CO
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
43871000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
43521000 shares
CY2016Q1 dei Document Period End Date
DocumentPeriodEndDate
2016-03-31
CY2016Q1 us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="MARGIN-BOTTOM: 0pt; FONT-SIZE: 10pt; FONT-FAMILY: Times New Roman; MARGIN-TOP: 12pt; TEXT-INDENT: 20pt"> <b>Accounting Estimates</b> The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingencies as of the balance sheet date and the reported amounts of revenues and expenses during the reporting period. Management believes the estimates and assumptions used in the preparation of these financial statements are reasonable, based upon currently available facts and known circumstances, but recognizes that actual results may differ from those estimates and assumptions.</p> </div>
CY2016Q1 dei Trading Symbol
TradingSymbol
GLT
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2016Q1 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
43294000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
16168000
CY2016Q1 us-gaap Sales Revenue Net
SalesRevenueNet
402884000
CY2016Q1 us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
13671000
CY2016Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
5231000
CY2016Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansTaxPortionAttributableToParent
-1367000
CY2016Q1 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
1980000
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
25961000
CY2016Q1 us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
5888000
CY2016Q1 us-gaap Gross Profit
GrossProfit
57843000
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-700000
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
307000
CY2016Q1 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4725000
CY2016Q1 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-2376000
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
15742000
CY2016Q1 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-24000
CY2016Q1 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1926000
CY2016Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
43300000
CY2016Q1 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
31910000
CY2016Q1 us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
51000
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
21236000
CY2016Q1 us-gaap Accrual For Environmental Loss Contingencies Provision For New Losses
AccrualForEnvironmentalLossContingenciesProvisionForNewLosses
0
CY2016Q1 us-gaap Sales Revenue Goods Net
SalesRevenueGoodsNet
402218000
CY2016Q1 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
300000
CY2016Q1 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
13419000
CY2016Q1 us-gaap Investment Income Interest
InvestmentIncomeInterest
91000
CY2016Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
5188000
CY2016Q1 us-gaap Interest Paid Net
InterestPaidNet
474000
CY2016Q1 us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-41000
CY2016Q1 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5068000
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
1217000
CY2016Q1 us-gaap Asset Retirement Obligation Accretion Expense
AssetRetirementObligationAccretionExpense
0
CY2016Q1 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
290000
CY2016Q1 us-gaap Proceeds From Repayments Of Debt
ProceedsFromRepaymentsOfDebt
-1926000
CY2016Q1 us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-35042000
CY2016Q1 us-gaap Interest Expense
InterestExpense
4116000
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-43561000
CY2016Q1 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Expense
UnrecognizedTaxBenefitsInterestOnIncomeTaxesExpense
100000
CY2016Q1 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2071000
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-4098000
CY2016Q1 us-gaap Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent
-2257000
CY2016Q1 us-gaap Unrecognized Tax Benefits Income Tax Penalties Expense
UnrecognizedTaxBenefitsIncomeTaxPenaltiesExpense
0
CY2016Q1 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
2436000
CY2016Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
33000
CY2016Q1 us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
-57000
CY2016Q1 us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1176000
CY2016Q1 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
31858000
CY2016Q1 glt Natural Resource Damage Loss Contingency Range Of Possible Loss Minimum
NaturalResourceDamageLossContingencyRangeOfPossibleLossMinimum
176000000
CY2016Q1 glt Proceeds From Government Grants
ProceedsFromGovernmentGrants
3861000
CY2016Q1 glt Maximum Estimated Percentage Of Discharge
MaximumEstimatedPercentageOfDischarge
0.27 pure
CY2016Q1 us-gaap Cost Of Goods Sold
CostOfGoodsSold
345041000
CY2016Q1 us-gaap Asset Retirement Obligation Liabilities Settled
AssetRetirementObligationLiabilitiesSettled
0
CY2016Q1 us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-15759000
CY2016Q1 us-gaap Accrual For Environmental Loss Contingencies Payments
AccrualForEnvironmentalLossContingenciesPayments
658000
CY2016Q1 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
16646000
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
298000
CY2016Q1 glt Noncash Pension Expense Net Of Unfunded Benefits
NoncashPensionExpenseNetOfUnfundedBenefits
767000
CY2016Q1 glt Proceeds From Payments For Share Based Compensation And Other
ProceedsFromPaymentsForShareBasedCompensationAndOther
-751000
CY2016Q1 glt Natural Resource Damage Loss Contingency Range Of Possible Loss Maximum Revised
NaturalResourceDamageLossContingencyRangeOfPossibleLossMaximumRevised
423000000
CY2016Q1 glt Natural Resource Damage Loss Contingency Range Of Possible Loss Minimum Revised
NaturalResourceDamageLossContingencyRangeOfPossibleLossMinimumRevised
287000000
CY2016Q1 glt Number Of Operable Units
NumberOfOperableUnits
5 Operable_Unit
CY2016Q1 glt Energy And Related Sales Net
EnergyAndRelatedSalesNet
666000
CY2016Q1 glt Cost Reimbursement Due To Us From Another Potentially Responsible Parties
CostReimbursementDueToUsFromAnotherPotentiallyResponsibleParties
4280000
CY2016Q1 glt Increase Decrease In Accrued Expenses And Other Current Liabilities
IncreaseDecreaseInAccruedExpensesAndOtherCurrentLiabilities
-4897000
CY2016Q1 glt Leverage Ratio
LeverageRatio
1.8 pure
CY2016Q1 glt Natural Resource Damage Loss Contingency Range Of Possible Loss Maximum
NaturalResourceDamageLossContingencyRangeOfPossibleLossMaximum
333000000
CY2016Q1 glt Asset Retirement Obligation Gain
AssetRetirementObligationGain
0
CY2016Q1 glt Amount Of Tons Sold
AmountOfTonsSold
267200 T

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