$MOD
MODINE MANUFACTURING CO

2017 Form 10-K Financial Statement

#000114036117022417 Filed on May 26, 2017

View on sec.gov

Income Statement

Concept 2017 2016 Q1 2016
Revenue $1.503B $343.7M $1.353B
YoY Change 11.13% -5.32% -9.62%
Cost Of Revenue $1.250B $281.5M $1.119B
YoY Change 11.69% -6.26% -10.48%
Gross Profit $253.3M $62.20M $233.6M
YoY Change 8.43% -0.8% -5.23%
Gross Profit Margin 16.85% 18.1% 17.27%
Selling, General & Admin $125.4M $41.60M $108.5M
YoY Change 15.58% -14.58% -11.43%
% of Gross Profit 49.51% 66.88% 46.45%
Research & Development $64.40M $61.10M
YoY Change 5.4% -1.45%
% of Gross Profit 25.42% 26.16%
Depreciation & Amortization $58.30M $12.80M $50.20M
YoY Change 16.14% 4.07% -2.71%
% of Gross Profit 23.02% 20.58% 21.49%
Operating Expenses $189.8M $41.60M $169.6M
YoY Change 11.91% -14.58% -8.08%
Operating Profit $63.50M $20.60M $64.00M
YoY Change -0.78% 47.14% 3.23%
Interest Expense -$19.90M -$3.200M -$12.50M
YoY Change 59.2% 39.13% 8.7%
% of Operating Profit -31.34% -15.53% -19.53%
Other Income/Expense, Net $1.300M -$44.00M
YoY Change -102.95%
Pretax Income $20.80M $5.600M -$9.900M
YoY Change -310.1% 93.1% -124.03%
Income Tax $5.900M -$2.200M -$8.900M
% Of Pretax Income 28.37% -39.29%
Net Earnings $14.20M $7.600M -$1.600M
YoY Change -987.5% -337.5% -107.34%
Net Earnings / Revenue 0.94% 2.21% -0.12%
Basic Earnings Per Share
Diluted Earnings Per Share $294.0K $161.7K -$33.83K
COMMON SHARES
Basic Shares Outstanding
Diluted Shares Outstanding

Balance Sheet

Concept 2017 2016 Q1 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $34.20M $68.90M $68.90M
YoY Change -50.36% -2.27% -2.27%
Cash & Equivalents $34.20M $68.90M $68.90M
Short-Term Investments
Other Short-Term Assets $55.40M $43.50M $43.50M
YoY Change 27.36% -45.42% -45.42%
Inventory $168.5M $111.0M $111.0M
Prepaid Expenses
Receivables $295.2M $189.1M $189.1M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $553.3M $412.5M $412.5M
YoY Change 34.13% -8.5% -8.5%
LONG-TERM ASSETS
Property, Plant & Equipment $459.0M $338.6M $338.6M
YoY Change 35.56% 5.12% 5.12%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.300M $3.200M $3.200M
YoY Change 3.13%
Other Assets $134.7M $142.6M $142.6M
YoY Change -5.54% 8.11% 8.11%
Total Long-Term Assets $896.2M $508.4M $508.4M
YoY Change 76.28% 5.89% 5.89%
TOTAL ASSETS
Total Short-Term Assets $553.3M $412.5M $412.5M
Total Long-Term Assets $896.2M $508.4M $508.4M
Total Assets $1.450B $920.9M $920.9M
YoY Change 57.4% -1.07% -1.07%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $230.3M $142.4M $142.4M
YoY Change 61.73% -6.32% -6.32%
Accrued Expenses $74.80M $58.60M $58.60M
YoY Change 27.65% 3.35% 3.35%
Deferred Revenue
YoY Change
Short-Term Debt $73.40M $28.60M $28.60M
YoY Change 156.64% 53.76% 53.76%
Long-Term Debt Due $31.80M $8.500M $8.500M
YoY Change 274.12% 1600.0% 1600.0%
Total Short-Term Liabilities $455.4M $273.6M $273.6M
YoY Change 66.45% -11.97% -11.97%
LONG-TERM LIABILITIES
Long-Term Debt $405.7M $125.5M $125.5M
YoY Change 223.27% -3.16% -3.16%
Other Long-Term Liabilities $157.5M $134.9M $134.9M
YoY Change 16.75% 6.39% 6.39%
Total Long-Term Liabilities $563.2M $260.4M $260.4M
YoY Change 116.28% 1.56% 1.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $455.4M $273.6M $273.6M
Total Long-Term Liabilities $563.2M $260.4M $260.4M
Total Liabilities $1.036B $544.7M $544.7M
YoY Change 90.1% -5.25% -5.25%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $414.0M $376.2M $376.2M
YoY Change
Total Liabilities & Shareholders Equity $1.450B $920.9M $920.9M
YoY Change 57.4% -1.07% -1.07%

Cashflow Statement

Concept 2017 2016 Q1 2016
OPERATING ACTIVITIES
Net Income $14.20M $7.600M -$1.600M
YoY Change -987.5% -337.5% -107.34%
Depreciation, Depletion And Amortization $58.30M $12.80M $50.20M
YoY Change 16.14% 4.07% -2.71%
Cash From Operating Activities $41.60M $7.000M $72.40M
YoY Change -42.54% -63.92% 14.02%
INVESTING ACTIVITIES
Capital Expenditures -$64.40M -$20.50M -$62.80M
YoY Change 2.55% 25.0% 7.72%
Acquisitions
YoY Change
Other Investing Activities -$357.8M -$2.800M -$15.00M
YoY Change 2285.33% -45.1% -1463.64%
Cash From Investing Activities -$422.2M -$23.30M -$77.80M
YoY Change 442.67% 8.37% 36.01%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 347.6M 2.000M 2.700M
YoY Change 12774.07% -142.55% -118.49%
NET CHANGE
Cash From Operating Activities 41.60M 7.000M 72.40M
Cash From Investing Activities -422.2M -23.30M -77.80M
Cash From Financing Activities 347.6M 2.000M 2.700M
Net Change In Cash -33.00M -14.30M -2.700M
YoY Change 1122.22% 110.29% -67.47%
FREE CASH FLOW
Cash From Operating Activities $41.60M $7.000M $72.40M
Capital Expenditures -$64.40M -$20.50M -$62.80M
Free Cash Flow $106.0M $27.50M $135.2M
YoY Change -21.6% -23.18% 11.0%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2017 mod Number Of Closed Manufacturing Facilities Sold
NumberOfClosedManufacturingFacilitiesSold
2
CY2016 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1300000
CY2017 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-1900000
CY2016 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
9500000
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
48300000
CY2017 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Gain Loss Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetGainLossBeforeTax
5200000
CY2016 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Before Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditBeforeTax
-200000
CY2015 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-900000
CY2017 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0
CY2015 us-gaap Gain Loss Related To Litigation Settlement
GainLossRelatedToLitigationSettlement
0
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
8600000
CY2017 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
14900000
CY2015Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
8200000
CY2016Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
7800000
CY2015Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
5500000
CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-22500000
CY2016Q2 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
8900000
CY2017 us-gaap Net Income Loss
NetIncomeLoss
14200000
CY2016 us-gaap Net Income Loss
NetIncomeLoss
-1600000
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-22500000
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
5100000
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
8000000
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
8200000
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
7600000
CY2016Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
1900000
CY2017Q1 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
8100000
CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-4000000
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-4100000
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
1700000

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