2014 Q3 Form 10-Q Financial Statement

#000135059314000030 Filed on August 07, 2014

View on sec.gov

Income Statement

Concept 2014 Q3 2014 Q2 2013 Q2
Revenue $320.7M $318.5M $299.4M
YoY Change 9.38% 6.38% 8.52%
Cost Of Revenue -$69.20M $221.2M $209.4M
YoY Change -133.86% 5.64% 6.67%
Gross Profit $101.3M $97.30M $90.00M
YoY Change 14.08% 8.11% 13.07%
Gross Profit Margin 31.59% 30.55% 30.06%
Selling, General & Admin -$11.50M $55.30M $56.90M
YoY Change -120.76% -2.81% 6.95%
% of Gross Profit -11.35% 56.83% 63.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $14.20M $14.00M $14.60M
YoY Change -4.05% -4.11% -2.67%
% of Gross Profit 14.02% 14.39% 16.22%
Operating Expenses -$11.50M $55.50M $57.10M
YoY Change -120.76% -2.8% 5.94%
Operating Profit $43.00M $41.80M $32.90M
YoY Change 29.52% 27.05% 28.02%
Interest Expense -$12.00M -$12.50M -$12.70M
YoY Change -4.0% -1.57% -14.77%
% of Operating Profit -27.91% -29.9% -38.6%
Other Income/Expense, Net
YoY Change
Pretax Income -$13.10M $29.30M $20.20M
YoY Change -163.9% 45.05% 117.2%
Income Tax -$12.70M $10.80M $4.200M
% Of Pretax Income 36.86% 20.79%
Net Earnings $26.20M $18.50M $14.10M
YoY Change 94.07% 31.21% 43.88%
Net Earnings / Revenue 8.17% 5.81% 4.71%
Basic Earnings Per Share $0.16 $0.12 $0.09
Diluted Earnings Per Share $0.16 $0.11 $0.09
COMMON SHARES
Basic Shares Outstanding 159.7M shares 159.5M shares 158.0M shares
Diluted Shares Outstanding 162.2M shares 160.7M shares

Balance Sheet

Concept 2014 Q3 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $161.1M $150.9M $69.20M
YoY Change 30.34% 118.06% 28.86%
Cash & Equivalents $161.1M $45.10M $69.20M
Short-Term Investments
Other Short-Term Assets $27.60M $46.50M $48.50M
YoY Change -40.13% -4.12% -1.42%
Inventory $198.0M $192.0M $201.4M
Prepaid Expenses
Receivables $182.1M $183.3M $167.5M
Other Receivables $13.00M $14.50M $0.00
Total Short-Term Assets $607.4M $613.2M $515.8M
YoY Change 6.67% 18.88% 7.95%
LONG-TERM ASSETS
Property, Plant & Equipment $146.3M $142.8M $144.9M
YoY Change 3.1% -1.45% 3.13%
Goodwill $5.400M
YoY Change
Intangibles $533.6M $532.9M $552.5M
YoY Change -3.53% -3.55% -4.81%
Long-Term Investments $0.00
YoY Change
Other Assets $25.20M $14.00M $17.20M
YoY Change 44.0% -18.6% -48.04%
Total Long-Term Assets $705.1M $689.7M $714.6M
YoY Change -1.04% -3.48% -5.23%
TOTAL ASSETS
Total Short-Term Assets $607.4M $613.2M $515.8M
Total Long-Term Assets $705.1M $689.7M $714.6M
Total Assets $1.313B $1.303B $1.230B
YoY Change 2.39% 5.89% -0.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $116.0M $84.60M $80.60M
YoY Change 14.62% 4.96% 7.61%
Accrued Expenses $54.90M $45.50M
YoY Change 1.1%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $46.20M $56.30M $1.300M
YoY Change 3453.85% 4230.77% 0.0%
Total Short-Term Liabilities $244.4M $211.5M $150.6M
YoY Change 33.48% 40.44% 1.21%
LONG-TERM LIABILITIES
Long-Term Debt $494.8M $544.5M $599.6M
YoY Change -17.46% -9.19% -3.52%
Other Long-Term Liabilities $71.30M $40.90M $80.30M
YoY Change 140.88% -49.07% 33.83%
Total Long-Term Liabilities $566.1M $585.4M $679.9M
YoY Change -10.01% -13.9% -0.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $244.4M $211.5M $150.6M
Total Long-Term Liabilities $566.1M $585.4M $679.9M
Total Liabilities $960.9M $959.1M $969.9M
YoY Change 0.75% -1.11% 0.41%
SHAREHOLDERS EQUITY
Retained Earnings -$1.174B -$1.200B -$1.243B
YoY Change -4.52% -3.44% -2.42%
Common Stock $1.600M $1.600M $1.600M
YoY Change 0.0% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $350.0M $343.8M $260.5M
YoY Change
Total Liabilities & Shareholders Equity $1.313B $1.303B $1.230B
YoY Change 2.39% 5.89% -0.11%

Cashflow Statement

Concept 2014 Q3 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $26.20M $18.50M $14.10M
YoY Change 94.07% 31.21% 43.88%
Depreciation, Depletion And Amortization $14.20M $14.00M $14.60M
YoY Change -4.05% -4.11% -2.67%
Cash From Operating Activities $86.60M $53.40M $44.50M
YoY Change 22.84% 20.0% 264.75%
INVESTING ACTIVITIES
Capital Expenditures -$11.40M -$7.200M $8.700M
YoY Change -9.52% -182.76% 17.57%
Acquisitions
YoY Change
Other Investing Activities -$6.500M $900.0K -$300.0K
YoY Change -1725.0% -400.0% -100.34%
Cash From Investing Activities -$17.90M -$6.300M -$9.000M
YoY Change 46.72% -30.0% -111.19%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -57.20M -2.400M -3.400M
YoY Change 1171.11% -29.41% -95.32%
NET CHANGE
Cash From Operating Activities 86.60M 53.40M 44.50M
Cash From Investing Activities -17.90M -6.300M -9.000M
Cash From Financing Activities -57.20M -2.400M -3.400M
Net Change In Cash 11.50M 44.70M 32.10M
YoY Change -78.62% 39.25% 60.5%
FREE CASH FLOW
Cash From Operating Activities $86.60M $53.40M $44.50M
Capital Expenditures -$11.40M -$7.200M $8.700M
Free Cash Flow $98.00M $60.60M $35.80M
YoY Change 17.93% 69.27% 645.83%

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dei Document Fiscal Year Focus
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dei Document Period End Date
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dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
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0001350593
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dei Entity Current Reporting Status
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dei Entity Filer Category
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dei Entity Registrant Name
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Mueller Water Products, Inc.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

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