$PNR
PENTAIR plc

2010 Q4 Form 10-K Financial Statement

#000119312512070520 Filed on February 21, 2012

View on sec.gov

Income Statement

Concept 2010 Q4 2010 Q3 2010 Q2
Revenue $773.7M $796.2M $707.0M
YoY Change 10.17% 20.15% 1.92%
Cost Of Revenue $537.2M $548.0M $493.3M
YoY Change 9.68% 20.25% -0.79%
Gross Profit $236.5M $248.2M $213.7M
YoY Change 11.31% 19.91% 8.77%
Gross Profit Margin 30.57% 31.17% 30.23%
Selling, General & Admin $128.9M $131.0M $132.9M
YoY Change -8.87% 4.35% 11.57%
% of Gross Profit 54.47% 52.8% 62.18%
Research & Development $16.87M $17.00M $17.21M
YoY Change 15.51% 15.58% 24.58%
% of Gross Profit 7.13% 6.85% 8.05%
Depreciation & Amortization $20.50M $21.00M $14.56M
YoY Change -47.7% -4.98% -33.19%
% of Gross Profit 8.67% 8.46% 6.82%
Operating Expenses $145.7M $148.0M $150.1M
YoY Change -6.65% 5.53% 12.93%
Operating Profit $90.82M $100.1M $63.60M
YoY Change 61.03% 50.15% 0.06%
Interest Expense -$8.600M -$7.200M -$9.400M
YoY Change -18.1% -26.53% -6.93%
% of Operating Profit -9.47% -7.19% -14.78%
Other Income/Expense, Net
YoY Change
Pretax Income $82.22M $92.93M $54.16M
YoY Change 95.75% 63.51% 11.34%
Income Tax $26.49M $31.32M $18.13M
% Of Pretax Income 32.22% 33.7% 33.47%
Net Earnings $55.05M $61.08M $35.30M
YoY Change 87.24% 65.32% 10.56%
Net Earnings / Revenue 7.11% 7.67% 4.99%
Basic Earnings Per Share $0.56 $0.62 $0.36
Diluted Earnings Per Share $0.55 $0.61 $0.36
COMMON SHARES
Basic Shares Outstanding 98.30M shares 98.21M shares 98.03M shares
Diluted Shares Outstanding 99.51M shares 99.64M shares 99.57M shares

Balance Sheet

Concept 2010 Q4 2010 Q3 2010 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $57.00M $39.00M $47.00M
YoY Change 72.73% -22.0% 23.68%
Cash & Equivalents $46.10M $38.58M $46.78M
Short-Term Investments
Other Short-Term Assets $100.0M $92.00M $94.00M
YoY Change 2.04% -8.91% -6.93%
Inventory $405.4M $389.4M $363.7M
Prepaid Expenses
Receivables $490.0M $476.0M $551.0M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.069B $995.6M $1.055B
YoY Change 13.0% 5.78% 9.33%
LONG-TERM ASSETS
Property, Plant & Equipment $329.4M $318.1M $330.2M
YoY Change -1.27% -6.27% -3.13%
Goodwill $2.066B $2.033B $2.068B
YoY Change -1.09% -4.42% -1.81%
Intangibles $453.6M $451.8M $472.4M
YoY Change -6.75% -10.86% -6.4%
Long-Term Investments
YoY Change
Other Assets $55.19M $54.08M $56.22M
YoY Change -1.7% -20.14% -8.01%
Total Long-Term Assets $2.575B $2.539B $2.596B
YoY Change -2.15% -6.02% -2.82%
TOTAL ASSETS
Total Short-Term Assets $1.069B $995.6M $1.055B
Total Long-Term Assets $2.575B $2.539B $2.596B
Total Assets $3.974B $3.853B $3.981B
YoY Change 1.59% -3.25% 0.1%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $262.4M $248.7M $229.5M
YoY Change 26.34% 24.96% 7.76%
Accrued Expenses $180.0M $164.0M $140.0M
YoY Change 32.35% 17.99% 3.7%
Deferred Revenue
YoY Change
Short-Term Debt $4.933M $2.320M $3.731M
YoY Change 123.72% 14400.0% -39.26%
Long-Term Debt Due $18.00K $163.0K $51.00K
YoY Change -77.78% 66.33% -58.2%
Total Short-Term Liabilities $546.8M $525.7M $477.5M
YoY Change 22.52% 12.56% 3.35%
LONG-TERM LIABILITIES
Long-Term Debt $673.0M $734.0M $862.0M
YoY Change -16.19% -9.94% -2.38%
Other Long-Term Liabilities $366.0M $361.0M $383.0M
YoY Change -5.91% -15.46% -10.09%
Total Long-Term Liabilities $1.039B $1.095B $1.245B
YoY Change -12.84% -11.84% -4.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $546.8M $525.7M $477.5M
Total Long-Term Liabilities $1.039B $1.095B $1.245B
Total Liabilities $1.769B $1.761B $1.869B
YoY Change -0.92% -5.49% -2.74%
SHAREHOLDERS EQUITY
Retained Earnings $1.625B $1.561B $1.519B
YoY Change 8.15% 4.72% 3.21%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.098B $1.981B $1.999B
YoY Change
Total Liabilities & Shareholders Equity $3.974B $3.853B $3.981B
YoY Change 1.59% -3.25% 0.1%

Cashflow Statement

Concept 2010 Q4 2010 Q3 2010 Q2
OPERATING ACTIVITIES
Net Income $55.05M $61.08M $35.30M
YoY Change 87.24% 65.32% 10.56%
Depreciation, Depletion And Amortization $20.50M $21.00M $14.56M
YoY Change -47.7% -4.98% -33.19%
Cash From Operating Activities $92.80M $166.7M -$10.31M
YoY Change 371.07% 46.87% -107.25%
INVESTING ACTIVITIES
Capital Expenditures -$14.10M -$16.80M $12.06M
YoY Change -4.73% 61.54% -193.48%
Acquisitions $0.00
YoY Change
Other Investing Activities $100.0K -$1.400M -$292.0K
YoY Change -80.0% -41.67% -122.46%
Cash From Investing Activities -$13.90M -$18.40M -$11.64M
YoY Change -2.8% 42.64% -0.51%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $141.0M
YoY Change
Cash From Financing Activities -71.70M -146.6M $40.71M
YoY Change 265.82% 60.39% -132.08%
NET CHANGE
Cash From Operating Activities 92.80M 166.7M -$10.31M
Cash From Investing Activities -13.90M -18.40M -$11.64M
Cash From Financing Activities -71.70M -146.6M $40.71M
Net Change In Cash 7.200M 1.700M $18.75M
YoY Change -150.7% -81.52% 406.84%
FREE CASH FLOW
Cash From Operating Activities $92.80M $166.7M -$10.31M
Capital Expenditures -$14.10M -$16.80M $12.06M
Free Cash Flow $106.9M $183.5M -$22.37M
YoY Change 209.86% 48.1% -114.41%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2010 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.01
CY2010 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.99
CY2010 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
2.02
CY2010 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
2.00
CY2010Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
63601000
CY2010 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.01
CY2010 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.01
CY2011 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.34
CY2011 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.35
CY2011Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
-1.36
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-1.36
CY2011 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.34
CY2011 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
CY2010Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
-0.02
CY2010Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.47
CY2010Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.50
CY2010Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.49
CY2010Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.48
CY2010Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
-0.02
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-1.36
CY2011Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
-1.36
CY2010Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.61
CY2010Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.61
CY2010Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.61
CY2010Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.62
CY2010Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2010Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.55
CY2010Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.55
CY2010Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.55
CY2010Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.56
CY2010Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.68
CY2011Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.67
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
CY2011Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2011Q4 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.52
CY2011Q4 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.51
CY2011Q4 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2011Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.51
CY2011Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.52
CY2011Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.51
CY2011Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.52
CY2010Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.01
CY2010Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.36
CY2010Q2 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.35
CY2010Q2 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.35
CY2010Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.36
CY2010Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.01

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