$PNR
PENTAIR plc

2012 Q2 Form 10-Q Financial Statement

#000119312512312004 Filed on July 24, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q3
Revenue $941.5M $910.2M
YoY Change 19.14% 14.32%
Cost Of Revenue $629.4M $622.4M
YoY Change 16.29% 13.58%
Gross Profit $312.1M $287.7M
YoY Change 25.31% 15.94%
Gross Profit Margin 33.15% 31.61%
Selling, General & Admin $172.0M $158.4M
YoY Change 18.82% 20.9%
% of Gross Profit 55.11% 55.06%
Research & Development $20.80M $19.88M
YoY Change 14.78% 16.96%
% of Gross Profit 6.66% 6.91%
Depreciation & Amortization $26.40M $28.30M
YoY Change 73.41% 34.76%
% of Gross Profit 8.46% 9.84%
Operating Expenses $192.8M $178.3M
YoY Change 18.37% 20.45%
Operating Profit $119.3M $108.7M
YoY Change 39.58% 8.58%
Interest Expense -$15.50M -$13.90M
YoY Change 70.33% 93.06%
% of Operating Profit -12.99% -12.79%
Other Income/Expense, Net
YoY Change
Pretax Income $103.8M $95.48M
YoY Change 34.65% 2.74%
Income Tax $29.40M $27.34M
% Of Pretax Income 28.32% 28.64%
Net Earnings $72.80M $66.28M
YoY Change 45.28% 8.51%
Net Earnings / Revenue 7.73% 7.28%
Basic Earnings Per Share $0.73 $0.67
Diluted Earnings Per Share $0.72 $0.66
COMMON SHARES
Basic Shares Outstanding 99.00M shares 98.33M shares
Diluted Shares Outstanding 101.2M shares 100.1M shares

Balance Sheet

Concept 2012 Q2 2011 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $61.00M $69.00M
YoY Change 7.02% 76.92%
Cash & Equivalents $60.60M $68.97M
Short-Term Investments
Other Short-Term Assets $183.0M $186.0M
YoY Change 60.53% 102.17%
Inventory $460.0M $484.8M
Prepaid Expenses
Receivables $572.0M $595.0M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.276B $1.335B
YoY Change 5.54% 34.05%
LONG-TERM ASSETS
Property, Plant & Equipment $381.1M $410.5M
YoY Change 12.54% 29.05%
Goodwill $2.255B $2.573B
YoY Change 7.52% 26.58%
Intangibles $570.5M $654.9M
YoY Change 23.69% 44.95%
Long-Term Investments
YoY Change
Other Assets $103.5M $78.79M
YoY Change 83.82% 45.68%
Total Long-Term Assets $3.310B $3.718B
YoY Change 26.59% 46.43%
TOTAL ASSETS
Total Short-Term Assets $1.276B $1.335B
Total Long-Term Assets $3.310B $3.718B
Total Assets $4.586B $5.052B
YoY Change 10.18% 31.14%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $288.3M $315.4M
YoY Change 12.39% 26.83%
Accrued Expenses $180.0M $199.0M
YoY Change 14.65% 21.34%
Deferred Revenue
YoY Change
Short-Term Debt $222.0K $21.45M
YoY Change -96.36% 824.61%
Long-Term Debt Due $1.193M $1.289M
YoY Change 9076.92% 690.8%
Total Short-Term Liabilities $661.7M $711.4M
YoY Change 21.11% 35.32%
LONG-TERM LIABILITIES
Long-Term Debt $1.234B $1.384B
YoY Change 53.78% 88.58%
Other Long-Term Liabilities $92.18M $85.66M
YoY Change 7.07% -76.27%
Total Long-Term Liabilities $1.326B $1.470B
YoY Change 49.25% 34.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $661.7M $711.4M
Total Long-Term Liabilities $1.326B $1.470B
Total Liabilities $2.468B $2.685B
YoY Change 31.28% 52.51%
SHAREHOLDERS EQUITY
Retained Earnings $1.668B $1.702B
YoY Change 0.75% 9.04%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.002B $2.249B
YoY Change
Total Liabilities & Shareholders Equity $4.586B $5.052B
YoY Change 10.18% 31.14%

Cashflow Statement

Concept 2012 Q2 2011 Q3
OPERATING ACTIVITIES
Net Income $72.80M $66.28M
YoY Change 45.28% 8.51%
Depreciation, Depletion And Amortization $26.40M $28.30M
YoY Change 73.41% 34.76%
Cash From Operating Activities $234.8M $200.8M
YoY Change -587.34% 20.46%
INVESTING ACTIVITIES
Capital Expenditures -$15.30M -$21.90M
YoY Change -215.32% 30.36%
Acquisitions
YoY Change
Other Investing Activities -$17.10M -$718.1M
YoY Change 29382.76% 51192.86%
Cash From Investing Activities -$32.40M -$740.1M
YoY Change 15.62% 3922.28%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -188.1M 557.4M
YoY Change -332.47% -480.22%
NET CHANGE
Cash From Operating Activities 234.8M 200.8M
Cash From Investing Activities -32.40M -740.1M
Cash From Financing Activities -188.1M 557.4M
Net Change In Cash 14.30M 18.10M
YoY Change 203.54% 964.71%
FREE CASH FLOW
Cash From Operating Activities $234.8M $200.8M
Capital Expenditures -$15.30M -$21.90M
Free Cash Flow $250.1M $222.7M
YoY Change -507.01% 21.36%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2010Q4 us-gaap Goodwill
Goodwill
2066044000
CY2010Q4 us-gaap Restructuring Reserve
RestructuringReserve
3994000
CY2010Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2205032000
CY2010Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
30050000
CY2010Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
46056000
CY2011Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
107792000
CY2011Q4 us-gaap Goodwill
Goodwill
2273918000
CY2011Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1018538000
CY2011Q4 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
60899000
CY2011Q4 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1309087000
CY2011Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
9052000
CY2011Q4 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
42630000
CY2011Q4 us-gaap Restructuring Reserve
RestructuringReserve
12805000
CY2011Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
94750000
CY2011Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
3694000
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
1933329000
CY2011Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
200500000
CY2011Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
692930000
CY2011Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2011Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
40251000
CY2011Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
129522000
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2047392000
CY2011Q4 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
14547000
CY2011Q4 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
109361000
CY2011Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
98622564 shares
CY2011Q4 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
219487000
CY2011Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
47707000
CY2011Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
29355000
CY2011Q4 us-gaap Liabilities
Liabilities
2538921000
CY2011Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
294858000
CY2011Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
26500000
CY2011Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
97039000
CY2011Q4 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
26470000
CY2011Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
16437000
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1579290000
CY2011Q4 us-gaap Assets
Assets
4586313000
CY2011Q4 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
188957000
CY2011Q4 us-gaap Inventory Net
InventoryNet
449863000
CY2011Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
569204000
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4586313000
CY2011Q4 us-gaap Minority Interest
MinorityInterest
114063000
CY2011Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
50077000
CY2011Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
98622564 shares
CY2011Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
592285000
CY2011Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-151241000
CY2011Q4 us-gaap Liabilities Current
LiabilitiesCurrent
641841000
CY2011Q4 us-gaap Land And Land Improvements
LandAndLandImprovements
41111000
CY2011Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
252034000
CY2011Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
39111000
CY2011Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.1667
CY2011Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
154411000
CY2011Q4 us-gaap Assets Current
AssetsCurrent
1237835000
CY2011Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
248615000
CY2011Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
182669000
CY2011Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
631013000
CY2011Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
387525000
CY2011Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
1168000
CY2011Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
488843000
CY2011Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1304225000
CY2011Q4 pnr Building And Leasehold Improvements Gross
BuildingAndLeaseholdImprovementsGross
244246000
CY2011Q4 pnr Total Other Assets
TotalOtherAssets
2960953000
CY2011Q4 pnr Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
746696000
CY2011Q4 pnr Indefinite Lived Intangible Assets Gross Excluding Goodwill
IndefiniteLivedIntangibleAssetsGrossExcludingGoodwill
252034000
CY2011Q4 pnr Accrued Rebates And Sales Incentives
AccruedRebatesAndSalesIncentives
37009000
CY2011Q4 pnr Post Retirement Medical And Other Benefits Noncurrent
PostRetirementMedicalAndOtherBenefitsNoncurrent
31774000
CY2011Q4 pnr Indefinite Lived Intangible Assets Accumulated Amortization
IndefiniteLivedIntangibleAssetsAccumulatedAmortization
CY2011Q3 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
124632000
CY2011Q3 us-gaap Goodwill
Goodwill
2573430000
CY2011Q3 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1037507000
CY2011Q3 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
60833000
CY2011Q3 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1406907000
CY2011Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
8733000
CY2011Q3 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
47259000
CY2011Q3 us-gaap Restructuring Reserve
RestructuringReserve
3085000
CY2011Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
78788000
CY2011Q3 us-gaap Short Term Borrowings
ShortTermBorrowings
21451000
CY2011Q3 us-gaap Stockholders Equity
StockholdersEquity
2249354000
CY2011Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
0
CY2011Q3 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
697802000
CY2011Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2011Q3 us-gaap Construction In Progress Gross
ConstructionInProgressGross
41066000
CY2011Q3 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
144366000
CY2011Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2366854000
CY2011Q3 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
21498000
CY2011Q3 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
108836000
CY2011Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
98766335 shares
CY2011Q3 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
246414000
CY2011Q3 us-gaap Inventory Work In Process
InventoryWorkInProcess
49515000
CY2011Q3 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
35011000
CY2011Q3 us-gaap Liabilities
Liabilities
2685458000
CY2011Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
315403000
CY2011Q3 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
24800000
CY2011Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
85660000
CY2011Q3 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
23832000
CY2011Q3 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
16460000
CY2011Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1702119000
CY2011Q3 us-gaap Assets
Assets
5052312000
CY2011Q3 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
235422000
CY2011Q3 us-gaap Inventory Net
InventoryNet
484795000
CY2011Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
595407000
CY2011Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5052312000
CY2011Q3 us-gaap Minority Interest
MinorityInterest
117500000
CY2011Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
68972000
CY2011Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
98766335 shares
CY2011Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
654908000
CY2011Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
41902000
CY2011Q3 us-gaap Liabilities Current
LiabilitiesCurrent
711402000
CY2011Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
43322000
CY2011Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
266282000
CY2011Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
41120000
CY2011Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.1667
CY2011Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
145428000
CY2011Q3 us-gaap Assets Current
AssetsCurrent
1334639000
CY2011Q3 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
217021000
CY2011Q3 us-gaap Inventory Finished Goods
InventoryFinishedGoods
188866000
CY2011Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
626960000
CY2011Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
410547000
CY2011Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
1289000
CY2011Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
488873000
CY2011Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1384167000
CY2011Q3 pnr Building And Leasehold Improvements Gross
BuildingAndLeaseholdImprovementsGross
255317000
CY2011Q3 pnr Total Other Assets
TotalOtherAssets
3307126000
CY2011Q3 pnr Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
800336000
CY2011Q3 pnr Indefinite Lived Intangible Assets Gross Excluding Goodwill
IndefiniteLivedIntangibleAssetsGrossExcludingGoodwill
266282000
CY2011Q3 pnr Accrued Rebates And Sales Incentives
AccruedRebatesAndSalesIncentives
42567000
CY2011Q3 pnr Post Retirement Medical And Other Benefits Noncurrent
PostRetirementMedicalAndOtherBenefitsNoncurrent
27954000
CY2011Q3 pnr Indefinite Lived Intangible Assets Accumulated Amortization
IndefiniteLivedIntangibleAssetsAccumulatedAmortization
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
99204048 shares
CY2012Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
124345000
CY2012Q2 us-gaap Goodwill
Goodwill
2255134000
CY2012Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1041014000
CY2012Q2 us-gaap Deferred Tax Assets Net Current
DeferredTaxAssetsNetCurrent
58899000
CY2012Q2 us-gaap Debt Longterm And Shortterm Combined Amount
DebtLongtermAndShorttermCombinedAmount
1235209000
CY2012Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
PensionAndOtherPostretirementDefinedBenefitPlansCurrentLiabilities
9052000
CY2012Q2 us-gaap Product Warranty Accrual Classified Current
ProductWarrantyAccrualClassifiedCurrent
44935000
CY2012Q2 us-gaap Restructuring Reserve
RestructuringReserve
13895000
CY2012Q2 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
103544000
CY2012Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
38047000
CY2012Q2 us-gaap Short Term Borrowings
ShortTermBorrowings
222000
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
2001789000
CY2012Q2 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
200500000
CY2012Q2 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
713819000
CY2012Q2 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2012Q2 us-gaap Construction In Progress Gross
ConstructionInProgressGross
34699000
CY2012Q2 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
150437000
CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2117872000
CY2012Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
35542000
CY2012Q2 us-gaap Accrued Income Taxes Current
AccruedIncomeTaxesCurrent
32228000
CY2012Q2 us-gaap Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
89514000
CY2012Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
99204048 shares
CY2012Q2 us-gaap Inventory Raw Materials And Supplies
InventoryRawMaterialsAndSupplies
227780000
CY2012Q2 us-gaap Inventory Work In Process
InventoryWorkInProcess
50860000
CY2012Q2 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
31843000
CY2012Q2 us-gaap Liabilities
Liabilities
2468397000
CY2012Q2 us-gaap Accounts Payable Current
AccountsPayableCurrent
288265000
CY2012Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
13300000
CY2012Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
38685000
CY2012Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
92175000
CY2012Q2 us-gaap Accrued Income Taxes Noncurrent
AccruedIncomeTaxesNoncurrent
13294000
CY2012Q2 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
16534000
CY2012Q2 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
17400000
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1667794000
CY2012Q2 us-gaap Assets
Assets
4586269000
CY2012Q2 us-gaap Deferred Tax Liabilities Noncurrent
DeferredTaxLiabilitiesNoncurrent
190173000
CY2012Q2 us-gaap Inventory Net
InventoryNet
460039000
CY2012Q2 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
572144000
CY2012Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4586269000
CY2012Q2 us-gaap Minority Interest
MinorityInterest
116083000
CY2012Q2 us-gaap Commercial Paper
CommercialPaper
7000000
CY2012Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
60598000
CY2012Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
99204048 shares
CY2012Q2 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
570503000
CY2012Q2 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-192097000
CY2012Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
37137000
CY2012Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
38331000
CY2012Q2 us-gaap Liabilities Current
LiabilitiesCurrent
661716000
CY2012Q2 us-gaap Land And Land Improvements
LandAndLandImprovements
40519000
CY2012Q2 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
248175000
CY2012Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
32958000
CY2012Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.1667
CY2012Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
171630000
CY2012Q2 us-gaap Assets Current
AssetsCurrent
1276025000
CY2012Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
247324000
CY2012Q2 us-gaap Inventory Finished Goods
InventoryFinishedGoods
181399000
CY2012Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
19253000
CY2012Q2 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
659951000
CY2012Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
381063000
CY2012Q2 us-gaap Long Term Debt Current
LongTermDebtCurrent
1193000
CY2012Q2 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
509558000
CY2012Q2 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1233794000
CY2012Q2 us-gaap Unrecorded Unconditional Purchase Obligation Imputed Interest
UnrecordedUnconditionalPurchaseObligationImputedInterest
2700000
CY2012Q2 pnr Building And Leasehold Improvements Gross
BuildingAndLeaseholdImprovementsGross
251977000
CY2012Q2 pnr Total Other Assets
TotalOtherAssets
2929181000
CY2012Q2 pnr Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
742133000
CY2012Q2 pnr Debt Maturities Repayments Of Principal In Next Twelve Months
DebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
201226000
CY2012Q2 pnr Debt Maturities Repayments Of Principal In Year Two
DebtMaturitiesRepaymentsOfPrincipalInYearTwo
1186000
CY2012Q2 pnr Debt Maturities Repayments Of Principal In Year Three
DebtMaturitiesRepaymentsOfPrincipalInYearThree
1169000
CY2012Q2 pnr Debt Maturities Repayments Of Principal In Year Four
DebtMaturitiesRepaymentsOfPrincipalInYearFour
221387000
CY2012Q2 pnr Debt Maturities Repayments Of Principal In Year Five
DebtMaturitiesRepaymentsOfPrincipalInYearFive
301170000
CY2012Q2 pnr Debt Maturities Repayments Of Principal After Year Five
DebtMaturitiesRepaymentsOfPrincipalAfterYearFive
508240000
CY2012Q2 pnr Indefinite Lived Intangible Assets Gross Excluding Goodwill
IndefiniteLivedIntangibleAssetsGrossExcludingGoodwill
248175000
CY2012Q2 pnr Accrued Rebates And Sales Incentives
AccruedRebatesAndSalesIncentives
45870000
CY2012Q2 pnr Debt Maturities Repayments Of Principal Within Remainder Of Year
DebtMaturitiesRepaymentsOfPrincipalWithinRemainderOfYear
831000
CY2012Q2 pnr Post Retirement Medical And Other Benefits Noncurrent
PostRetirementMedicalAndOtherBenefitsNoncurrent
29921000
CY2012Q2 pnr Indefinite Lived Intangible Assets Accumulated Amortization
IndefiniteLivedIntangibleAssetsAccumulatedAmortization
dei Trading Symbol
TradingSymbol
PNR
dei Entity Registrant Name
EntityRegistrantName
PENTAIR INC
dei Amendment Flag
AmendmentFlag
false
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Type
DocumentType
10-Q
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Entity Central Index Key
EntityCentralIndexKey
0000077360
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0090 pure
us-gaap Debt Instrument Covenant Compliance
DebtInstrumentCovenantCompliance
We were in compliance with all financial covenants in our debt agreements.
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2995000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-4271000
us-gaap Description Of Location Of Interest Rate Cash Flow Hedge Derivative On Balance Sheet
DescriptionOfLocationOfInterestRateCashFlowHedgeDerivativeOnBalanceSheet
Derivative gains and losses included in AOCI
us-gaap Operating Income Loss
OperatingIncomeLoss
202744000
us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
-18686000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
19905000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
420810000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4297000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
91788000
us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
140 Person
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2020000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0229 pure
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
16503000
us-gaap Share Based Compensation
ShareBasedCompensation
10075000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.32
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
4868000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
24025000
us-gaap Profit Loss
ProfitLoss
135639000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.44
us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
710000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.219 pure
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
156000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y8M12D
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
166761000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-49422000
us-gaap Product Warranty Expense
ProductWarrantyExpense
26579000
us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-222000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
31312000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
-3472000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
10521000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
352463000
us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
3900000
us-gaap Restructuring Charges
RestructuringCharges
10370000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
44140000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
983000
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-553000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
11.74
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100785000 shares
us-gaap Sales Revenue Net
SalesRevenueNet
1799702000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
5531000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-44981000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
44140000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.34
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
41648000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-98056000
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
3106000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-30847000
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
9660000
us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
2466000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
1740000
us-gaap Restructuring Reserve Settled With Cash
RestructuringReserveSettledWithCash
8570000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.365 pure
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98856000 shares
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
3558000
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
12276000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1929000 shares
us-gaap Adjustment For Amortization
AdjustmentForAmortization
19677000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1685000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
1206855000
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
1436000
us-gaap Depreciation
Depreciation
32666000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.44
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3073000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10100000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
173582000
us-gaap Gross Profit
GrossProfit
592847000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2010000 shares
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
3150000
us-gaap Net Income Loss
NetIncomeLoss
132644000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
3654000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1740000
us-gaap Discussion Of Method Of Measuring Fair Value Of Interest Rate Derivatives
DiscussionOfMethodOfMeasuringFairValueOfInterestRateDerivatives
Our interest rate swaps are carried at fair value measured on a recurring basis. Fair values are determined through the use of models that consider various assumptions, including time value, yield curves, as well as other relevant economic measures, which are inputs that are classified as Level 2 in the valuation hierarchy defined by the accounting guidance.
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
17709000
pnr Amortization Of Restricted Stock
AmortizationOfRestrictedStock
352000
pnr Goodwill Acquisitions And Divestitures
GoodwillAcquisitionsAndDivestitures
8768000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
348455000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
37943000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-8762000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
93808000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
10209000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
15055000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
19700000
pnr Goodwill Currency And Other
GoodwillCurrencyAndOther
-27552000
pnr Shares Surrendered By Employees
SharesSurrenderedByEmployees
2450000
pnr Shares Tendered For Payment Of Stock Options
SharesTenderedForPaymentOfStockOptions
35570000 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0212 pure
us-gaap Operating Income Loss
OperatingIncomeLoss
195599000
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2918000
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-22878000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.17
us-gaap Increase Decrease In Other Employee Related Liabilities
IncreaseDecreaseInOtherEmployeeRelatedLiabilities
-22675000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
733105000
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
661422000
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
4700000
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
89000
us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
25040000
us-gaap Profit Loss
ProfitLoss
120171000
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
287000
pnr Employee Service Sharebased Compensation Cash Received From Exercise Of Stock Options Net Of Shares Withheld
EmployeeServiceSharebasedCompensationCashReceivedFromExerciseOfStockOptionsNetOfSharesWithheld
16163000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
181498000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5621000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0.0216 pure
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
22195000
us-gaap Share Based Compensation
ShareBasedCompensation
10527000
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.304 pure
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
3623000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y6M
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
152611000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-768118000
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
8721000
us-gaap Product Warranty Expense
ProductWarrantyExpense
26035000
us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
343000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
35221000
us-gaap Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
16518000
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
22916000
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1320957000
us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
4700000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
39739000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
2696000
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
-853000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
10.89
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
99825000 shares
us-gaap Sales Revenue Net
SalesRevenueNet
1700448000
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
1111000
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
287000
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
65159000
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
39739000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.19
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
38004000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
638322000
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
-229000
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-23938000
us-gaap Product Warranty Accrual Period Increase Decrease
ProductWarrantyAccrualPeriodIncreaseDecrease
2901000
us-gaap Excess Tax Benefit From Share Based Compensation Operating Activities
ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
1465000
us-gaap Restructuring Reserve Settled With Cash
RestructuringReserveSettledWithCash
909000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.355 pure
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98190000 shares
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2425000
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1635000 shares
us-gaap Adjustment For Amortization
AdjustmentForAmortization
17180000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
907000
us-gaap Cost Of Goods Sold
CostOfGoodsSold
1163653000
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesTaxPortionAttributableToParent
1249000
us-gaap Depreciation
Depreciation
32685000
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.40
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-119000
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
10500000
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
172568000
us-gaap Gross Profit
GrossProfit
536795000
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
1437000
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2001000 shares
us-gaap Other Comprehensive Income Derivatives Qualifying As Hedges Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeDerivativesQualifyingAsHedgesNetOfTaxPortionAttributableToParent
1788000
us-gaap Net Income Loss
NetIncomeLoss
117253000
us-gaap Deferred Income Taxes And Tax Credits
DeferredIncomeTaxesAndTaxCredits
3012000
us-gaap Excess Tax Benefit From Share Based Compensation Financing Activities
ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
1465000
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
303192000
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
52397000
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
101000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
187119000
us-gaap Increase Decrease In Other Current Liabilities
IncreaseDecreaseInOtherCurrentLiabilities
25481000
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
10809000
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
17200000
us-gaap Increase Decrease In Accrued Income Taxes Payable
IncreaseDecreaseInAccruedIncomeTaxesPayable
12780000
pnr Amortization Of Restricted Stock
AmortizationOfRestrictedStock
480000
pnr Goodwill Acquisitions And Divestitures
GoodwillAcquisitionsAndDivestitures
466182000
pnr Goodwill Currency And Other
GoodwillCurrencyAndOther
41204000
pnr Shares Surrendered By Employees
SharesSurrenderedByEmployees
2696000
CY2011Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.20
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2118000 shares
CY2012Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
636000
CY2012Q2 us-gaap Cost Of Goods Sold
CostOfGoodsSold
629397000
CY2012Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4800000
CY2012Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
102349000
CY2012Q2 us-gaap Gross Profit
GrossProfit
312128000
CY2011Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.67
CY2011Q3 us-gaap Profit Loss
ProfitLoss
68137000
pnr Shares Tendered For Payment Of Stock Options
SharesTenderedForPaymentOfStockOptions
3266000 shares
pnr Employee Service Sharebased Compensation Cash Received From Exercise Of Stock Options Net Of Shares Withheld
EmployeeServiceSharebasedCompensationCashReceivedFromExerciseOfStockOptionsNetOfSharesWithheld
9551000
CY2011 us-gaap Restructuring And Related Cost Number Of Positions Eliminated
RestructuringAndRelatedCostNumberOfPositionsEliminated
210 Person
CY2011 us-gaap Product Warranty Accrual Payments
ProductWarrantyAccrualPayments
53937000
CY2011 us-gaap Restructuring Costs And Asset Impairment Charges
RestructuringCostsAndAssetImpairmentCharges
1500000
CY2011 us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
3575000
CY2011 us-gaap Product Warranty Expense
ProductWarrantyExpense
50096000
CY2011 us-gaap Product Warranty Accrual Currency Translation Increase Decrease
ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease
-429000
CY2011 us-gaap Restructuring Charges
RestructuringCharges
13000000
CY2011 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
11500000
CY2011 us-gaap Restructuring Reserve Settled With Cash
RestructuringReserveSettledWithCash
2689000
CY2012Q2 us-gaap Description Of Location Of Interest Rate Cash Flow Hedge Derivative On Balance Sheet
DescriptionOfLocationOfInterestRateCashFlowHedgeDerivativeOnBalanceSheet
Derivative gains and losses included in AOCI
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
117792000
CY2012Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1655000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-10207000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-223000
CY2012Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.71
CY2012Q2 us-gaap Profit Loss
ProfitLoss
73485000
CY2012Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
CY2012Q2 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
1700000
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
101165000 shares
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
941525000
CY2012Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.73
CY2012Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20891000
CY2012Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-16079000
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
99047000 shares
CY2012Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
443000 shares
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
71830000
CY2012Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
173445000
CY2012Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
28864000
CY2012Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-10430000
CY2012Q2 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
9900000
CY2011Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
109422000
CY2011Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1425000
CY2011Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
90090000
CY2011Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2216000
CY2011Q3 us-gaap Gain Loss On Interest Rate Cash Flow Hedge Ineffectiveness
GainLossOnInterestRateCashFlowHedgeIneffectiveness
2300000
CY2011Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
100065000 shares
CY2011Q3 us-gaap Sales Revenue Net
SalesRevenueNet
910175000
CY2011Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.68
CY2011Q3 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
19882000
CY2011Q3 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
-14613000
CY2011Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
98333000 shares
CY2011Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1732000 shares
CY2011Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
672000
CY2011Q3 us-gaap Cost Of Goods Sold
CostOfGoodsSold
622439000
CY2011Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
4800000
CY2011Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
95481000
CY2011Q3 us-gaap Gross Profit
GrossProfit
287736000
CY2011Q3 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1776000 shares
CY2011Q3 us-gaap Net Income Loss
NetIncomeLoss
66712000
CY2011Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
158432000
CY2011Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
27344000
CY2011Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
92306000
CY2011Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
10800000

Files In Submission

Name View Source Status
0001193125-12-312004-index-headers.html Edgar Link pending
0001193125-12-312004-index.html Edgar Link pending
0001193125-12-312004.txt Edgar Link pending
0001193125-12-312004-xbrl.zip Edgar Link pending
d357000d10q.htm Edgar Link pending
d357000dex311.htm Edgar Link pending
d357000dex312.htm Edgar Link pending
d357000dex321.htm Edgar Link pending
d357000dex322.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
pnr-20120630.xml Edgar Link completed
pnr-20120630.xsd Edgar Link pending
pnr-20120630_cal.xml Edgar Link unprocessable
pnr-20120630_def.xml Edgar Link unprocessable
pnr-20120630_lab.xml Edgar Link unprocessable
pnr-20120630_pre.xml Edgar Link unprocessable
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
R61.htm Edgar Link pending
R62.htm Edgar Link pending
R63.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