2013 Q2 Form 10-Q Financial Statement

#000084986913000025 Filed on August 08, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $880.0M $821.6M
YoY Change 7.11% -0.07%
Cost Of Revenue $751.9M $706.3M
YoY Change 6.45% 0.13%
Gross Profit $128.2M $115.3M
YoY Change 11.13% -1.34%
Gross Profit Margin 14.56% 14.04%
Selling, General & Admin $52.32M $46.53M
YoY Change 12.44% 131.94%
% of Gross Profit 40.83% 40.35%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $41.90M $41.20M
YoY Change 1.7% 0.24%
% of Gross Profit 32.69% 35.72%
Operating Expenses $52.32M $46.53M
YoY Change 12.44% 131.94%
Operating Profit $74.91M $68.64M
YoY Change 9.13% -27.34%
Interest Expense $15.45M $16.03M
YoY Change -3.64% -2.54%
% of Operating Profit 20.62% 23.35%
Other Income/Expense, Net
YoY Change
Pretax Income $59.46M $13.91M
YoY Change 327.55% -82.17%
Income Tax -$69.00K $3.327M
% Of Pretax Income -0.12% 23.92%
Net Earnings $59.53M $10.58M
YoY Change 462.66% -79.34%
Net Earnings / Revenue 6.76% 1.29%
Basic Earnings Per Share $0.93 $0.15
Diluted Earnings Per Share $0.93 $0.15
COMMON SHARES
Basic Shares Outstanding 63.71M shares 69.72M shares
Diluted Shares Outstanding 64.09M shares 70.00M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $113.2M $368.9M
YoY Change -69.31% 189.33%
Cash & Equivalents $113.2M $368.9M
Short-Term Investments
Other Short-Term Assets $63.60M $53.50M
YoY Change 18.88% -1.83%
Inventory $721.0M $741.4M
Prepaid Expenses
Receivables $448.6M $408.6M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.346B $1.572B
YoY Change -14.37% 15.96%
LONG-TERM ASSETS
Property, Plant & Equipment $1.052B $1.037B
YoY Change 1.43% -4.47%
Goodwill $508.8M $384.1M
YoY Change 32.49% -3.46%
Intangibles $167.7M $93.10M
YoY Change 80.07% -4.02%
Long-Term Investments
YoY Change
Other Assets $134.6M $134.7M
YoY Change -0.07% 88.22%
Total Long-Term Assets $1.863B $1.649B
YoY Change 12.98% -0.19%
TOTAL ASSETS
Total Short-Term Assets $1.346B $1.572B
Total Long-Term Assets $1.863B $1.649B
Total Assets $3.209B $3.221B
YoY Change -0.37% 7.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $271.5M $263.1M
YoY Change 3.19% -4.33%
Accrued Expenses $60.38M $59.34M
YoY Change 1.75% -65.47%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $619.5M $236.6M
YoY Change 161.78% 61.42%
Total Short-Term Liabilities $1.013B $623.0M
YoY Change 62.63% -4.84%
LONG-TERM LIABILITIES
Long-Term Debt $1.259B $1.545B
YoY Change -18.52% 14.79%
Other Long-Term Liabilities $389.3M $393.6M
YoY Change -1.1% 6.08%
Total Long-Term Liabilities $1.648B $1.938B
YoY Change -14.98% 12.91%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.013B $623.0M
Total Long-Term Liabilities $1.648B $1.938B
Total Liabilities $2.661B $2.561B
YoY Change 3.89% 8.01%
SHAREHOLDERS EQUITY
Retained Earnings $1.087B $929.4M
YoY Change 17.0% 15.79%
Common Stock $209.4M $201.8M
YoY Change 3.76% 6.44%
Preferred Stock
YoY Change
Treasury Stock (at cost) $629.0M $350.2M
YoY Change 79.61% 12.53%
Treasury Stock Shares 24.11M shares
Shareholders Equity $547.9M $659.5M
YoY Change
Total Liabilities & Shareholders Equity $3.209B $3.221B
YoY Change -0.37% 7.09%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $59.53M $10.58M
YoY Change 462.66% -79.34%
Depreciation, Depletion And Amortization $41.90M $41.20M
YoY Change 1.7% 0.24%
Cash From Operating Activities -$90.20M -$89.70M
YoY Change 0.56% -1501.56%
INVESTING ACTIVITIES
Capital Expenditures -$27.90M -$33.10M
YoY Change -15.71% -34.71%
Acquisitions
YoY Change
Other Investing Activities $6.200M $200.0K
YoY Change 3000.0% -93.33%
Cash From Investing Activities -$21.80M -$33.00M
YoY Change -33.94% -30.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 66.50M -156.9M
YoY Change -142.38% -575.45%
NET CHANGE
Cash From Operating Activities -90.20M -89.70M
Cash From Investing Activities -21.80M -33.00M
Cash From Financing Activities 66.50M -156.9M
Net Change In Cash -45.50M -279.6M
YoY Change -83.73% 3268.67%
FREE CASH FLOW
Cash From Operating Activities -$90.20M -$89.70M
Capital Expenditures -$27.90M -$33.10M
Free Cash Flow -$62.30M -$56.60M
YoY Change 10.07% -199.12%

Facts In Submission

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us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3702000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-3759000 USD
CY2012Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-1851000 USD
CY2013Q2 us-gaap Other Inventory
OtherInventory
13697000 USD
CY2012Q2 us-gaap Other Inventory
OtherInventory
13365000 USD
CY2012Q4 us-gaap Other Inventory
OtherInventory
13259000 USD
CY2012Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
421374000 USD
CY2013Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
389288000 USD
CY2012Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
393605000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
265340000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
22086000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
9749000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
16947000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18144000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
6000000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
50975000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
59448000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
53048000 USD
us-gaap Pension Contributions
PensionContributions
76000000 USD
us-gaap Pension Contributions
PensionContributions
0 USD
CY2012Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
53484000 USD
CY2013Q2 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
63600000 USD
CY2012Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
70261000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
526550000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
593424000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
174300000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
335000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
6411000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
195000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
CY2012Q2 us-gaap Profit Loss
ProfitLoss
10580000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
59529000 USD
us-gaap Profit Loss
ProfitLoss
84962000 USD
us-gaap Profit Loss
ProfitLoss
43330000 USD
CY2012Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1098809000 USD
CY2012Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1036819000 USD
CY2013Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1051675000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
70720000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
25596000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
282639000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
304778000 USD
CY2013Q2 us-gaap Restructuring Reserve
RestructuringReserve
3727000 USD
CY2012Q4 us-gaap Restructuring Reserve
RestructuringReserve
4929000 USD
us-gaap Restructuring Reserve Period Increase Decrease
RestructuringReservePeriodIncreaseDecrease
-1202000 USD
CY2013Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
933000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
2284000 USD
us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
3761000 USD
CY2012Q2 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
158000 USD
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
929370000 USD
CY2012Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1020543000 USD
CY2013Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1087361000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1589968000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
1675770000 USD
CY2012Q2 us-gaap Sales Revenue Net
SalesRevenueNet
821611000 USD
CY2013Q2 us-gaap Sales Revenue Net
SalesRevenueNet
880029000 USD
CY2013Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
24106873 shares
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
104120000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
91211000 USD
CY2012Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
46532000 USD
CY2013Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
52322000 USD
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
50559 shares
us-gaap Stock Issued During Period Shares Treasury Stock Reissued
StockIssuedDuringPeriodSharesTreasuryStockReissued
126390 shares
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
775000 USD
CY2012 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount
350100000 USD
CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
659500000 USD
CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
547898000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
753643000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
657994000 USD
us-gaap Tax Benefit From Stock Options Exercised1
TaxBenefitFromStockOptionsExercised1
580000 USD
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000849869
CY2012Q4 us-gaap Treasury Stock Value
TreasuryStockValue
362312000 USD
CY2013Q2 us-gaap Treasury Stock Value
TreasuryStockValue
628974000 USD
CY2012Q2 us-gaap Treasury Stock Value
TreasuryStockValue
350192000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
265340000 USD
us-gaap Treasury Stock Value Acquired Cost Method
TreasuryStockValueAcquiredCostMethod
22086000 USD
CY2013Q2 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
25000000 USD
us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
27200000 USD
CY2012Q4 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
32800000 USD
CY2013Q2 us-gaap Unrecognized Tax Benefits That Would Impact Effective Tax Rate
UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate
12000000 USD
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
381000 shares
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
281000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
303000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
374000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70137000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65442000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
64091000 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
70000000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
63710000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65068000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69719000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
69834000 shares
CY2012Q4 slgn Common Stock Intended To Purchase Through Modified Dutch Auction Tender Offer Amount
CommonStockIntendedToPurchaseThroughModifiedDutchAuctionTenderOfferAmount
250000000 USD
CY2013Q1 slgn Common Stock Purchased Through Modified Dutch Auction Tender Offer Price Per Share
CommonStockPurchasedThroughModifiedDutchAuctionTenderOfferPricePerShare
45.25
CY2013Q1 slgn Common Stock Purchased Through Modified Dutch Auction Tender Offer Shares
CommonStockPurchasedThroughModifiedDutchAuctionTenderOfferShares
5524861 shares
CY2013Q1 slgn Common Stock Purchased Through Modified Dutch Auction Tender Offer Value
CommonStockPurchasedThroughModifiedDutchAuctionTenderOfferValue
250000000 USD
CY2013Q2 slgn Expected Future Restructuring Net Estimated Cash Payable
ExpectedFutureRestructuringNetEstimatedCashPayable
6800000 USD
CY2013Q1 slgn Fees And Expenses Incurred Related To Modified Dutch Auction Tender Offer
FeesAndExpensesIncurredRelatedToModifiedDutchAuctionTenderOffer
1000000 USD
CY2013Q2 slgn Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociOnDerivativesNetOfTax
800000 USD
slgn Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAociOnDerivativesNetOfTax
1700000 USD
slgn Other Comprehensive Income Lossbefore Reclassifications Netof Tax
OtherComprehensiveIncomeLossbeforeReclassificationsNetofTax
-15127000 USD
slgn Payments For Repurchase Of Common Stock For Stock Plans
PaymentsForRepurchaseOfCommonStockForStockPlans
1692000 USD
slgn Payments For Repurchase Of Common Stock For Stock Plans
PaymentsForRepurchaseOfCommonStockForStockPlans
2160000 USD
slgn Reclassificationfrom Accumulated Other Comprehensive Income Current Period Netof Tax
ReclassificationfromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetofTax
-5158000 USD
slgn Stock Repurchased During Period Average Price
StockRepurchasedDuringPeriodAveragePrice
42.74
slgn Tax Benefit From Issuance Of Treasury Stock For Vested Restricted Units
TaxBenefitFromIssuanceOfTreasuryStockForVestedRestrictedUnits
552000 USD
slgn Tax Benefit From Issuance Of Treasury Stock For Vested Restricted Units
TaxBenefitFromIssuanceOfTreasuryStockForVestedRestrictedUnits
843000 USD
slgn Treasury Stock Issued During Period Value For Vested Restricted Stock Net
TreasuryStockIssuedDuringPeriodValueForVestedRestrictedStockNet
-1608000 USD
slgn Treasury Stock Issued During Period Value For Vested Restricted Stock Net
TreasuryStockIssuedDuringPeriodValueForVestedRestrictedStockNet
-849000 USD
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
63400783 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
Silgan Holdings Inc
dei Trading Symbol
TradingSymbol
SLGN

Files In Submission

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0000849869-13-000025-index-headers.html Edgar Link pending
0000849869-13-000025-index.html Edgar Link pending
0000849869-13-000025.txt Edgar Link pending
0000849869-13-000025-xbrl.zip Edgar Link pending
exhibit101.htm Edgar Link pending
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report.css Edgar Link pending
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slgn-20130630.xml Edgar Link completed
slgn-20130630.xsd Edgar Link pending
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slgn-630x10q.htm Edgar Link pending