$NDSN
NORDSON CORP

2017 Q3 Form 10-Q Financial Statement

#000156459018022603 Filed on September 04, 2018

View on sec.gov

Income Statement

Concept 2017 Q3 2016 Q4
Revenue $589.4M $509.3M
YoY Change 20.32% 14.14%
Cost Of Revenue $263.2M $234.3M
YoY Change 21.46% 10.88%
Gross Profit $326.3M $275.0M
YoY Change 19.41% 17.08%
Gross Profit Margin 55.35% 53.99%
Selling, General & Admin $172.1M $157.7M
YoY Change 16.44% 6.7%
% of Gross Profit 52.75% 57.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $26.00M $17.50M
YoY Change 47.73% 8.7%
% of Gross Profit 7.97% 6.36%
Operating Expenses $172.1M $157.7M
YoY Change 16.44% 6.63%
Operating Profit $154.2M $117.3M
YoY Change 22.92% 34.85%
Interest Expense -$10.70M -$5.500M
YoY Change 245.16% 10.0%
% of Operating Profit -6.94% -4.69%
Other Income/Expense, Net -$300.0K -$1.200M
YoY Change -83.33% -180.0%
Pretax Income $142.5M $105.4M
YoY Change 21.59% 46.19%
Income Tax $41.00M $29.50M
% Of Pretax Income 28.77% 27.99%
Net Earnings $101.5M $75.87M
YoY Change 20.47% 52.88%
Net Earnings / Revenue 17.21% 14.9%
Basic Earnings Per Share $1.76 $1.33
Diluted Earnings Per Share $1.74 $1.31
COMMON SHARES
Basic Shares Outstanding 57.35M
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q3 2016 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $110.7M $67.20M
YoY Change 83.58% 33.6%
Cash & Equivalents $110.7M $67.24M
Short-Term Investments
Other Short-Term Assets $34.90M $29.40M
YoY Change -38.99% -36.23%
Inventory $275.7M $220.4M
Prepaid Expenses $29.42M
Receivables $498.8M $428.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $920.2M $745.6M
YoY Change 19.56% 4.78%
LONG-TERM ASSETS
Property, Plant & Equipment $335.7M $273.1M
YoY Change 25.46% 9.28%
Goodwill $1.107B
YoY Change 2.29%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $57.20M $23.76M
YoY Change 96.23% -28.88%
Total Long-Term Assets $2.540B $1.675B
YoY Change 54.91% 1.72%
TOTAL ASSETS
Total Short-Term Assets $920.2M $745.6M
Total Long-Term Assets $2.540B $1.675B
Total Assets $3.461B $2.421B
YoY Change 43.62% 2.64%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $80.70M $75.13M
YoY Change 13.02% 10.11%
Accrued Expenses $151.8M $162.8M
YoY Change 22.47% 15.52%
Deferred Revenue
YoY Change
Short-Term Debt $1.000M $2.100M
YoY Change -85.51% 90.91%
Long-Term Debt Due $131.3M $38.09M
YoY Change 1126.42% 66.77%
Total Short-Term Liabilities $437.4M $331.5M
YoY Change 57.1% 14.02%
LONG-TERM LIABILITIES
Long-Term Debt $1.570B $942.8M
YoY Change 52.91% -13.72%
Other Long-Term Liabilities $228.1M $22.34M
YoY Change 523.33% -31.84%
Total Long-Term Liabilities $1.798B $965.1M
YoY Change 69.1% -14.24%
TOTAL LIABILITIES
Total Short-Term Liabilities $437.4M $331.5M
Total Long-Term Liabilities $1.798B $965.1M
Total Liabilities $2.376B $1.297B
YoY Change 77.11% -8.44%
SHAREHOLDERS EQUITY
Retained Earnings $1.933B
YoY Change 12.54%
Common Stock $388.9M
YoY Change 7.65%
Preferred Stock
YoY Change
Treasury Stock (at cost) $1.302B
YoY Change 2.19%
Treasury Stock Shares
Shareholders Equity $1.084B $851.6M
YoY Change
Total Liabilities & Shareholders Equity $3.461B $2.421B
YoY Change 43.62% 2.55%

Cashflow Statement

Concept 2017 Q3 2016 Q4
OPERATING ACTIVITIES
Net Income $101.5M $75.87M
YoY Change 20.47% 52.88%
Depreciation, Depletion And Amortization $26.00M $17.50M
YoY Change 47.73% 8.7%
Cash From Operating Activities $82.40M $136.5M
YoY Change 21.53% 44.14%
INVESTING ACTIVITIES
Capital Expenditures -$22.30M -$15.40M
YoY Change 11.5% 16.67%
Acquisitions
YoY Change
Other Investing Activities $200.0K -$42.40M
YoY Change 100.0% -29.92%
Cash From Investing Activities -$22.10M -$57.80M
YoY Change 12.18% -21.57%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -41.20M -69.10M
YoY Change 16.71% 115.26%
NET CHANGE
Cash From Operating Activities 82.40M 136.5M
Cash From Investing Activities -22.10M -57.80M
Cash From Financing Activities -41.20M -69.10M
Net Change In Cash 19.10M 9.600M
YoY Change 49.22% -186.49%
FREE CASH FLOW
Cash From Operating Activities $82.40M $136.5M
Capital Expenditures -$22.30M -$15.40M
Free Cash Flow $104.7M $151.9M
YoY Change 19.25% 40.78%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2018Q3 us-gaap Revenues
Revenues
581243000
CY2017Q3 us-gaap Revenues
Revenues
589438000
us-gaap Revenues
Revenues
1685373000
us-gaap Revenues
Revenues
1493044000
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
189744000
us-gaap Profit Loss
ProfitLoss
290674000
us-gaap Profit Loss
ProfitLoss
215967000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-1040000
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-3181000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-485000
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
76308000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
342927000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
221791000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
45972000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
49324000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
299000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3906000
us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
4470000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
45364000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
805943000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-91037000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-855831000
us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
996000
us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
1006000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
474372000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
503765000
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
4241000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
17352000
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
5063000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
52109000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
46549000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-73464000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
672636000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-2007000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
4870000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
176419000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
43466000
CY2016Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
67239000
CY2017Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
110705000
CY2017Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
13689000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
31478000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
42097000
CY2018Q1 ndsn Tax Cuts And Jobs Act Of2017 Change In Tax Rate Income Tax Expense Benefit
TaxCutsAndJobsActOf2017ChangeInTaxRateIncomeTaxExpenseBenefit
-45213000
us-gaap Use Of Estimates
UseOfEstimates
<div> <p style="margin-top:6pt;margin-bottom:0pt;margin-left:4.54%;text-indent:0%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><font style="text-decoration:underline;">Use of estimates</font>.&nbsp;&nbsp;The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements.&nbsp;&nbsp;Actual amounts could differ from these estimates.</p></div>
CY2018Q3 us-gaap Equity Method Investment Ownership Percentage
EquityMethodInvestmentOwnershipPercentage
0.50
CY2018Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
108234000
CY2017Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
105424000
CY2018Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
56525000
CY2017Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
45743000
CY2018Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
152671000
CY2017Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
152923000
CY2018Q3 us-gaap Inventory Gross
InventoryGross
317430000
CY2017Q4 us-gaap Inventory Gross
InventoryGross
304090000
CY2018Q3 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
38971000
CY2017Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
33140000
CY2018Q3 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
7099000
CY2017Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
6684000
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
21912000
us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
611000
CY2018Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
232789000
CY2017Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
232789000
CY2018Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
746423000
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
736924000
CY2018Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
231580000
CY2018Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
14036000
CY2018Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.227
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.156
CY2017Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.288
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.298
CY2017Q4 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.35
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
ndsn Tax Cuts And Jobs Act Of2017 Change In Tax Rate Income Tax Expense On Previously Deferred Foreign Earnings
TaxCutsAndJobsActOf2017ChangeInTaxRateIncomeTaxExpenseOnPreviouslyDeferredForeignEarnings
23124000
ndsn Tax Cuts And Jobs Act Of2017 Decrease In Income Tax Expense Due To Change In Tax Rate
TaxCutsAndJobsActOf2017DecreaseInIncomeTaxExpenseDueToChangeInTaxRate
22089000
ndsn Tax Cuts And Jobs Act Of2017 Transition Tax Period To Pay Installments
TaxCutsAndJobsActOf2017TransitionTaxPeriodToPayInstallments
P8Y
CY2018Q3 ndsn Additional Tax Benefit Related To Share Based Payment Transactions
AdditionalTaxBenefitRelatedToShareBasedPaymentTransactions
544000
ndsn Additional Tax Benefit Related To Share Based Payment Transactions
AdditionalTaxBenefitRelatedToShareBasedPaymentTransactions
7494000
CY2018Q3 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
1041000
ndsn Additional Tax Expense Related To Nondeductible Acquisition Costs
AdditionalTaxExpenseRelatedToNondeductibleAcquisitionCosts
2600000
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
4525
ndsn Products Warranty Period
ProductsWarrantyPeriod
P1Y
CY2017Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
13377000
CY2016Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
11770000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
8440000
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
8728000
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
61000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
9358000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
7025000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
13000
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
StandardAndExtendedProductWarrantyAccrualForeignCurrencyTranslationGainLoss
376000
CY2018Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
12472000
CY2017Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
13910000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3
ndsn Deferred Compensation Arrangement With Individual Employee Contribution Percentage Maximum
DeferredCompensationArrangementWithIndividualEmployeeContributionPercentageMaximum
1.00
ndsn Deferred Compensation Arrangement With Individual Employee Contribution Percentage Of Long Term Incentive Compensation Maximum
DeferredCompensationArrangementWithIndividualEmployeeContributionPercentageOfLongTermIncentiveCompensationMaximum
0.90
ndsn Foreign Currency Forward Contracts Maturity Period Maximum
ForeignCurrencyForwardContractsMaturityPeriodMaximum
P90D
CY2018Q3 us-gaap Gain Loss On Foreign Currency Derivatives Recorded In Earnings Net
GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet
2042000
CY2017Q3 us-gaap Gain Loss On Foreign Currency Derivatives Recorded In Earnings Net
GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet
-1314000
us-gaap Gain Loss On Foreign Currency Derivatives Recorded In Earnings Net
GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet
-529000
us-gaap Gain Loss On Foreign Currency Derivatives Recorded In Earnings Net
GainLossOnForeignCurrencyDerivativesRecordedInEarningsNet
-3214000
CY2018Q3 us-gaap Change In Unrealized Gain Loss On Hedged Item In Foreign Currency Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1
-1152000
CY2017Q3 us-gaap Change In Unrealized Gain Loss On Hedged Item In Foreign Currency Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1
1617000
us-gaap Change In Unrealized Gain Loss On Hedged Item In Foreign Currency Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1
451000
us-gaap Change In Unrealized Gain Loss On Hedged Item In Foreign Currency Fair Value Hedge1
ChangeInUnrealizedGainLossOnHedgedItemInForeignCurrencyFairValueHedge1
2523000
CY2018Q3 us-gaap Long Term Debt
LongTermDebt
1555122000
CY2018Q3 ndsn Derivative Carrying Value Of Derivative Net
DerivativeCarryingValueOfDerivativeNet
-239000
CY2018Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1539911000
CY2018Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-239000

Files In Submission

Name View Source Status
0001564590-18-022603-index-headers.html Edgar Link pending
0001564590-18-022603-index.html Edgar Link pending
0001564590-18-022603.txt Edgar Link pending
0001564590-18-022603-xbrl.zip Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xlsx Edgar Link pending
ndsn-10q_20180731.htm Edgar Link pending
ndsn-20180731.xml Edgar Link completed
ndsn-20180731.xsd Edgar Link pending
ndsn-20180731_cal.xml Edgar Link unprocessable
ndsn-20180731_def.xml Edgar Link unprocessable
ndsn-20180731_lab.xml Edgar Link unprocessable
ndsn-20180731_pre.xml Edgar Link unprocessable
ndsn-ex311_8.htm Edgar Link pending
ndsn-ex312_7.htm Edgar Link pending
ndsn-ex321_6.htm Edgar Link pending
ndsn-ex322_9.htm Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R55.htm Edgar Link pending
R56.htm Edgar Link pending
R57.htm Edgar Link pending
R58.htm Edgar Link pending
R59.htm Edgar Link pending
R6.htm Edgar Link pending
R60.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending