2019 Q4 Form 10-Q Financial Statement

#000154638020000006 Filed on February 05, 2020

View on sec.gov

Income Statement

Concept 2019 Q4 2018 Q4
Revenue $365.8M $298.1M
YoY Change 22.71% 34.58%
Cost Of Revenue $311.3M $261.1M
YoY Change 19.23% 39.25%
Gross Profit $54.20M $34.50M
YoY Change 57.1% 1.47%
Gross Profit Margin 14.82% 11.57%
Selling, General & Admin $119.8M $116.3M
YoY Change 3.01% 7.49%
% of Gross Profit 221.03% 337.1%
Research & Development $9.200M $9.200M
YoY Change 0.0% -2.13%
% of Gross Profit 16.97% 26.67%
Depreciation & Amortization $14.80M $14.00M
YoY Change 5.71% 10.24%
% of Gross Profit 27.31% 40.58%
Operating Expenses $119.8M $116.3M
YoY Change 3.01% 7.49%
Operating Profit -$62.60M -$84.90M
YoY Change -26.27% 18.08%
Interest Expense $20.00M $25.20M
YoY Change -20.63% 41.57%
% of Operating Profit
Other Income/Expense, Net $2.600M $2.900M
YoY Change -10.34% 16.0%
Pretax Income -$95.10M -$105.9M
YoY Change -10.2% 22.29%
Income Tax -$23.80M -$23.30M
% Of Pretax Income
Net Earnings -$71.40M -$79.60M
YoY Change -10.3% 275.47%
Net Earnings / Revenue -19.52% -26.7%
Basic Earnings Per Share -$1.28 -$1.44
Diluted Earnings Per Share -$1.28 -$1.44
COMMON SHARES
Basic Shares Outstanding 55.80M shares 55.30M shares
Diluted Shares Outstanding 55.80M shares 55.30M shares

Balance Sheet

Concept 2019 Q4 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $27.40M $22.60M
YoY Change 21.24% -58.53%
Cash & Equivalents $27.40M $22.60M
Short-Term Investments
Other Short-Term Assets $203.3M $102.5M
YoY Change 98.34% 66.13%
Inventory $866.1M $745.4M
Prepaid Expenses
Receivables $192.7M $163.8M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.333B $1.079B
YoY Change 23.56% 9.75%
LONG-TERM ASSETS
Property, Plant & Equipment $545.4M $519.8M
YoY Change 4.92% 12.0%
Goodwill $540.9M $539.7M
YoY Change 0.22% 16.11%
Intangibles $701.7M $846.8M
YoY Change -17.14% 8.09%
Long-Term Investments $0.00 $37.30M
YoY Change -100.0% 17.67%
Other Assets $335.2M $202.9M
YoY Change 65.2% 10.33%
Total Long-Term Assets $2.123B $2.147B
YoY Change -1.09% 11.34%
TOTAL ASSETS
Total Short-Term Assets $1.333B $1.079B
Total Long-Term Assets $2.123B $2.147B
Total Assets $3.456B $3.225B
YoY Change 7.16% 10.8%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $309.4M $237.0M
YoY Change 30.55% 6.18%
Accrued Expenses $45.00M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $93.80M $95.10M
YoY Change -1.37% 10.45%
Total Short-Term Liabilities $609.7M $594.6M
YoY Change 2.54% 26.22%
LONG-TERM LIABILITIES
Long-Term Debt $1.970B $2.186B
YoY Change -9.89% 28.83%
Other Long-Term Liabilities $247.1M $169.3M
YoY Change 45.95% -20.52%
Total Long-Term Liabilities $2.217B $2.356B
YoY Change -5.88% 23.32%
TOTAL LIABILITIES
Total Short-Term Liabilities $609.7M $594.6M
Total Long-Term Liabilities $2.217B $2.356B
Total Liabilities $2.827B $2.972B
YoY Change -4.89% 23.68%
SHAREHOLDERS EQUITY
Retained Earnings $1.170B $835.4M
YoY Change 40.03% -9.77%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $903.1M $937.7M
YoY Change -3.69% 22.93%
Treasury Stock Shares 12.40M shares 12.80M shares
Shareholders Equity $624.6M $248.3M
YoY Change
Total Liabilities & Shareholders Equity $3.456B $3.225B
YoY Change 7.16% 10.8%

Cashflow Statement

Concept 2019 Q4 2018 Q4
OPERATING ACTIVITIES
Net Income -$71.40M -$79.60M
YoY Change -10.3% 275.47%
Depreciation, Depletion And Amortization $14.80M $14.00M
YoY Change 5.71% 10.24%
Cash From Operating Activities -$318.2M -$233.4M
YoY Change 36.33% 10.88%
INVESTING ACTIVITIES
Capital Expenditures $21.90M $12.70M
YoY Change 72.44% -34.54%
Acquisitions $0.00 $6.600M
YoY Change -100.0% -90.57%
Other Investing Activities $1.300M -$2.200M
YoY Change -159.09%
Cash From Investing Activities -$25.70M -$17.10M
YoY Change 50.29% -81.94%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $500.0K
YoY Change -100.0% -99.48%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $352.3M $239.9M
YoY Change 46.85% 0.54%
NET CHANGE
Cash From Operating Activities -$318.2M -$233.4M
Cash From Investing Activities -$25.70M -$17.10M
Cash From Financing Activities $352.3M $239.9M
Net Change In Cash $8.600M -$11.30M
YoY Change -176.11% -83.03%
FREE CASH FLOW
Cash From Operating Activities -$318.2M -$233.4M
Capital Expenditures $21.90M $12.70M
Free Cash Flow -$340.1M -$246.1M
YoY Change 38.2% 7.05%

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CY2019Q4 us-gaap Loss Contingency Disclosures
LossContingencyDisclosures
CONTINGENCIES<div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Management regularly evaluates the Company’s contingencies, including various lawsuits and claims which arise in the normal course of business, product and general liabilities, workers’ compensation, property losses and other liabilities for which the Company is self-insured or retains a high exposure limit. Self-insurance accruals are established based on actuarial loss estimates for specific individual claims plus actuarially estimated amounts for incurred but not reported claims and adverse development factors applied to existing claims. Legal costs incurred in connection with the resolution of claims, lawsuits and other contingencies generally are expensed as incurred. In the opinion of management, the assessment of contingencies is reasonable and related accruals, in the aggregate, are adequate; however, there can be no assurance that final resolution of these matters will not have a material effect on the Company’s financial condition, results of operations or cash flows. </span></div><div style="line-height:120%;padding-top:10px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Regulatory Matters</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">At </span><span style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December 28, 2019</span><span style="font-family:inherit;font-size:10pt;">, </span><span style="font-family:inherit;font-size:10pt;"><span>$3.9 million</span></span><span style="font-family:inherit;font-size:10pt;"> was accrued in the “Other liabilities” line in the Condensed Consolidated Balance Sheets for environmental actions, the majority of which are for site remediation. The Company believes that the amounts accrued are adequate to cover such known environmental exposures based on current facts and estimates of likely outcomes. Although it is reasonably possible that the costs to resolve such known environmental exposures will exceed the amounts accrued, any variation from accrued amounts is not expected to be material.</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;text-decoration:underline;">Other</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company has been named as a defendant in a number of cases alleging injuries that the lawsuits claim resulted from exposure to asbestos-containing products, apparently based on the Company’s historic use of vermiculite in certain of its products. In many of these cases, the complaints are not specific about the plaintiffs’ contacts with the Company or its products. The cases vary, but complaints in these cases generally seek unspecified monetary damages (actual, compensatory, consequential and punitive) from multiple defendants. The Company believes that the claims against it are without merit and is vigorously defending against them. No accruals have been recorded in the Company’s consolidated financial statements as the likelihood of a loss is not probable at this time; and the Company does not believe a reasonably possible loss would be material to, nor the ultimate resolution of these cases will have a material adverse effect on, the Company’s financial condition, results of operations or cash flows. There can be no assurance that future developments related to pending claims or claims filed in the future, whether as a result of adverse outcomes or as a result of significant defense costs, will not have a material effect on the Company’s financial condition, results of operations or cash flows. </span></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The Company is involved in other lawsuits and claims which arise in the normal course of business. These claims individually and in the aggregate are not expected to result in a material effect on the Company’s financial condition, results of operations or cash flows.</span></div>
CY2019Q4 us-gaap Accrual For Environmental Loss Contingencies Gross
AccrualForEnvironmentalLossContingenciesGross
3900000 USD
CY2019Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-12900000 USD
CY2018Q4 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-3400000 USD
CY2019Q3 us-gaap Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
-10700000 USD
CY2019Q4 us-gaap Residual Value Of Leased Asset
ResidualValueOfLeasedAsset
3400000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
129500000 USD
CY2019Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
45000000.0 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
88900000 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
133900000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
36300000 USD
CY2019Q4 us-gaap Finance Lease Liability Current
FinanceLeaseLiabilityCurrent
4500000 USD
CY2019Q4 us-gaap Finance Lease Liability Noncurrent
FinanceLeaseLiabilityNoncurrent
32400000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
36900000 USD
CY2019Q4 us-gaap Operating Lease Cost
OperatingLeaseCost
13100000 USD
CY2019Q4 us-gaap Variable Lease Cost
VariableLeaseCost
2300000 USD
CY2019Q4 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
900000 USD
CY2019Q4 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
300000 USD
CY2019Q4 smg Finance Lease Cost
FinanceLeaseCost
1200000 USD
CY2019Q4 smg Operating Lease Right Of Use Asset Amortization
OperatingLeaseRightOfUseAssetAmortization
11100000 USD
CY2019Q4 us-gaap Operating Lease Payments
OperatingLeasePayments
13400000 USD
CY2019Q4 us-gaap Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
300000 USD
CY2019Q4 us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
400000 USD
CY2019Q4 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11000000.0 USD
CY2019Q4 us-gaap Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
11900000 USD
CY2019Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y
CY2019Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P8Y10M24D
CY2019Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.038
CY2019Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.042
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
38500000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
4400000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
40900000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
6100000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
28600000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
6100000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
15800000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
6100000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
8200000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
6200000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
12600000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
16000000.0 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
144600000 USD
CY2019Q4 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
44900000 USD
CY2019Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
10700000 USD
CY2019Q4 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
8000000.0 USD
CY2019Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
133900000 USD
CY2019Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
36900000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
52800000 USD
CY2019Q3 us-gaap Capital Leases Future Minimum Payments Due Current
CapitalLeasesFutureMinimumPaymentsDueCurrent
3000000.0 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
40300000 USD
CY2019Q3 us-gaap Capital Leases Future Minimum Payments Due In Two Years
CapitalLeasesFutureMinimumPaymentsDueInTwoYears
3500000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
28100000 USD
CY2019Q3 us-gaap Capital Leases Future Minimum Payments Due In Three Years
CapitalLeasesFutureMinimumPaymentsDueInThreeYears
3500000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
15400000 USD
CY2019Q3 us-gaap Capital Leases Future Minimum Payments Due In Four Years
CapitalLeasesFutureMinimumPaymentsDueInFourYears
3600000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
7900000 USD
CY2019Q3 us-gaap Capital Leases Future Minimum Payments Due In Five Years
CapitalLeasesFutureMinimumPaymentsDueInFiveYears
3600000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
12600000 USD
CY2019Q3 us-gaap Capital Leases Future Minimum Payments Due Thereafter
CapitalLeasesFutureMinimumPaymentsDueThereafter
15400000 USD
CY2019Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
157100000 USD
CY2019Q3 us-gaap Capital Leases Future Minimum Payments Due
CapitalLeasesFutureMinimumPaymentsDue
32600000 USD
CY2019Q4 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
3 segment
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
365800000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
298100000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
365800000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
298100000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
365800000 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
298100000 USD
CY2019Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
365800000 USD
CY2019Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
311300000 USD
CY2019Q4 smg Cost Of Sales Impairment Restructuring And Other Charges
CostOfSalesImpairmentRestructuringAndOtherCharges
300000 USD
CY2019Q4 us-gaap Gross Profit
GrossProfit
54200000 USD
CY2019Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
119800000 USD
CY2019Q4 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
-2500000 USD
CY2019Q4 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
500000 USD
CY2019Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-62600000 USD
CY2019Q4 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
0 USD
CY2019Q4 us-gaap Debt Related Commitment Fees And Debt Issuance Costs
DebtRelatedCommitmentFeesAndDebtIssuanceCosts
15100000 USD
CY2019Q4 us-gaap Interest Expense
InterestExpense
20000000.0 USD
CY2019Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2600000 USD
CY2019Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-95100000 USD
CY2019Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-23800000 USD
CY2019Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-71300000 USD
CY2019Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2019Q4 us-gaap Profit Loss
ProfitLoss
-71300000 USD
CY2019Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
100000 USD
CY2019Q4 us-gaap Net Income Loss
NetIncomeLoss
-71400000 USD
CY2019Q4 us-gaap Profit Loss
ProfitLoss
-71300000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
4600000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-600000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
1100000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2900000 USD
CY2019Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-68400000 USD
CY2019Q4 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
100000 USD
CY2019Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-68500000 USD
CY2019Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-318200000 USD
CY2019Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
21900000 USD
CY2019Q4 us-gaap Payments To Acquire Loans Receivable
PaymentsToAcquireLoansReceivable
2500000 USD
CY2019Q4 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1300000 USD
CY2019Q4 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2019Q4 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
0 USD
CY2019Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-25700000 USD
CY2019Q4 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
465700000 USD
CY2019Q4 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
112800000 USD
CY2019Q4 us-gaap Proceeds From Issuance Of Senior Long Term Debt
ProceedsFromIssuanceOfSeniorLongTermDebt
450000000.0 USD
CY2019Q4 us-gaap Repayments Of Senior Debt
RepaymentsOfSeniorDebt
400000000.0 USD
CY2019Q4 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
18600000 USD
CY2019Q4 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
32400000 USD
CY2019Q4 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
500000 USD
CY2019Q4 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
900000 USD
CY2019Q4 smg Payments For Proceeds From Intercompany Advances From Financing Activities
PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities
0 USD
CY2019Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
352300000 USD
CY2019Q4 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
200000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
8600000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
18800000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
27400000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
27400000 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
192700000 USD
CY2019Q4 us-gaap Pledged Assets Separately Reported Finance Receivables Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedFinanceReceivablesPledgedAsCollateralAtFairValue
43300000 USD
CY2019Q4 us-gaap Inventory Net
InventoryNet
866100000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
203300000 USD
CY2019Q4 us-gaap Assets Current
AssetsCurrent
1332800000 USD
CY2019Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
545400000 USD
CY2019Q4 us-gaap Goodwill
Goodwill
540900000 USD
CY2019Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
701700000 USD
CY2019Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
335200000 USD
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2019Q4 smg Intercompany Assets
IntercompanyAssets
0 USD
CY2019Q4 us-gaap Assets
Assets
3456000000.0 USD
CY2019Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
93800000 USD
CY2019Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
309400000 USD
CY2019Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
206500000 USD
CY2019Q4 us-gaap Liabilities Current
LiabilitiesCurrent
609700000 USD
CY2019Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1969900000 USD
CY2019Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
247100000 USD
CY2019Q4 us-gaap Equity Method Investment Underlying Equity In Net Assets
EquityMethodInvestmentUnderlyingEquityInNetAssets
0 USD
CY2019Q4 smg Intercompany Liabilities
IntercompanyLiabilities
0 USD
CY2019Q4 us-gaap Liabilities
Liabilities
2826700000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
624600000 USD
CY2019Q4 us-gaap Minority Interest
MinorityInterest
4700000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
629300000 USD
CY2019Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3456000000.0 USD
CY2018Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
298100000 USD
CY2018Q4 us-gaap Cost Of Goods And Services Sold
CostOfGoodsAndServicesSold
261100000 USD
CY2018Q4 smg Cost Of Sales Impairment Restructuring And Other Charges
CostOfSalesImpairmentRestructuringAndOtherCharges
2500000 USD
CY2018Q4 us-gaap Gross Profit
GrossProfit
34500000 USD
CY2018Q4 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
116300000 USD
CY2018Q4 us-gaap Restructuring Settlement And Impairment Provisions
RestructuringSettlementAndImpairmentProvisions
3500000 USD
CY2018Q4 us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
400000 USD
CY2018Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
-84900000 USD
CY2018Q4 us-gaap Income Loss From Subsidiaries Before Tax
IncomeLossFromSubsidiariesBeforeTax
0 USD
CY2018Q4 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1300000 USD
CY2018Q4 us-gaap Interest Expense
InterestExpense
25200000 USD
CY2018Q4 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
2900000 USD
CY2018Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-105900000 USD
CY2018Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-23300000 USD
CY2018Q4 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
-82600000 USD
CY2018Q4 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
2900000 USD
CY2018Q4 us-gaap Profit Loss
ProfitLoss
-79700000 USD
CY2018Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-100000 USD
CY2018Q4 us-gaap Net Income Loss
NetIncomeLoss
-79600000 USD
CY2018Q4 us-gaap Profit Loss
ProfitLoss
-79700000 USD
CY2018Q4 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-5300000 USD
CY2018Q4 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-8000000.0 USD
CY2018Q4 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-900000 USD
CY2018Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-12400000 USD
CY2018Q4 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
-92100000 USD
CY2018Q4 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-100000 USD
CY2018Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
-92000000.0 USD
CY2018Q4 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-233400000 USD
CY2018Q4 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
12700000 USD
CY2018Q4 us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
6600000 USD
CY2018Q4 us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-2200000 USD
CY2018Q4 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
0 USD
CY2018Q4 us-gaap Payments For Proceeds From Businesses And Interest In Affiliates
PaymentsForProceedsFromBusinessesAndInterestInAffiliates
0 USD
CY2018Q4 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-17100000 USD
CY2018Q4 us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
386800000 USD
CY2018Q4 us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
116300000 USD
CY2018Q4 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
30400000 USD
CY2018Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
500000 USD
CY2018Q4 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
800000 USD
CY2018Q4 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1100000 USD
CY2018Q4 smg Payments For Proceeds From Intercompany Advances From Financing Activities
PaymentsForProceedsFromIntercompanyAdvancesFromFinancingActivities
0 USD
CY2018Q4 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
239900000 USD
CY2018Q4 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-700000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-11300000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
33900000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
22600000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
22600000 USD
CY2018Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
163800000 USD
CY2018Q4 us-gaap Pledged Assets Separately Reported Finance Receivables Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedFinanceReceivablesPledgedAsCollateralAtFairValue
44400000 USD
CY2018Q4 us-gaap Inventory Net
InventoryNet
745400000 USD
CY2018Q4 us-gaap Prepaid Expense And Other Assets Current
PrepaidExpenseAndOtherAssetsCurrent
102500000 USD
CY2018Q4 us-gaap Assets Current
AssetsCurrent
1078700000 USD
CY2018Q4 us-gaap Equity Method Investments
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37300000 USD
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PropertyPlantAndEquipmentNet
519800000 USD
CY2018Q4 us-gaap Goodwill
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CY2018Q4 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
846800000 USD
CY2018Q4 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
202900000 USD
CY2018Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2018Q4 smg Intercompany Assets
IntercompanyAssets
0 USD
CY2018Q4 us-gaap Assets
Assets
3225200000 USD
CY2018Q4 us-gaap Long Term Debt Current
LongTermDebtCurrent
95100000 USD
CY2018Q4 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
2186200000 USD
CY2018Q4 us-gaap Accounts Payable Current
AccountsPayableCurrent
237000000.0 USD
CY2018Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
262500000 USD
CY2018Q4 us-gaap Liabilities Current
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594600000 USD
CY2018Q4 us-gaap Due To Affiliate Noncurrent
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21900000 USD
CY2018Q4 us-gaap Other Liabilities Noncurrent
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169300000 USD
CY2018Q4 us-gaap Equity Method Investment Underlying Equity In Net Assets
EquityMethodInvestmentUnderlyingEquityInNetAssets
0 USD
CY2018Q4 us-gaap Liabilities
Liabilities
2972000000.0 USD
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
248300000 USD
CY2018Q4 us-gaap Minority Interest
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4900000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
253200000 USD
CY2018Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3225200000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
18800000 USD
CY2019Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
223900000 USD
CY2019Q3 us-gaap Pledged Assets Separately Reported Finance Receivables Pledged As Collateral At Fair Value
PledgedAssetsSeparatelyReportedFinanceReceivablesPledgedAsCollateralAtFairValue
84500000 USD
CY2019Q3 us-gaap Inventory Net
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540300000 USD
CY2019Q3 us-gaap Prepaid Expense And Other Assets Current
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174200000 USD
CY2019Q3 us-gaap Assets Current
AssetsCurrent
1041700000 USD
CY2019Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
546000000.0 USD
CY2019Q3 us-gaap Goodwill
Goodwill
538700000 USD
CY2019Q3 us-gaap Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
707500000 USD
CY2019Q3 us-gaap Other Assets Noncurrent
OtherAssetsNoncurrent
194800000 USD
CY2019Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
0 USD
CY2019Q3 smg Intercompany Assets
IntercompanyAssets
0 USD
CY2019Q3 us-gaap Assets
Assets
3028700000 USD
CY2019Q3 us-gaap Long Term Debt Current
LongTermDebtCurrent
128100000 USD
CY2019Q3 us-gaap Accounts Payable Current
AccountsPayableCurrent
214200000 USD
CY2019Q3 us-gaap Other Liabilities Current
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278200000 USD
CY2019Q3 us-gaap Liabilities Current
LiabilitiesCurrent
620500000 USD
CY2019Q3 us-gaap Long Term Debt Noncurrent
LongTermDebtNoncurrent
1523500000 USD
CY2019Q3 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
161500000 USD
CY2019Q3 us-gaap Equity Method Investment Underlying Equity In Net Assets
EquityMethodInvestmentUnderlyingEquityInNetAssets
0 USD
CY2019Q3 smg Intercompany Liabilities
IntercompanyLiabilities
0 USD
CY2019Q3 us-gaap Liabilities
Liabilities
2305500000 USD
CY2019Q3 us-gaap Stockholders Equity
StockholdersEquity
718700000 USD
CY2019Q3 us-gaap Minority Interest
MinorityInterest
4500000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
723200000 USD
CY2019Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3028700000 USD

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