$SPXC
SPX Technologies, Inc.

2021 Q4 Form 10-Q Financial Statement

#000008820521000042 Filed on November 04, 2021

View on sec.gov

Income Statement

Concept 2021 Q4 2020 Q3 2020 Q2
Revenue $350.0M $267.8M $257.3M
YoY Change -22.84% -26.59% -30.91%
Cost Of Revenue $191.8M $176.6M $169.7M
YoY Change -38.35% -31.71% -35.77%
Gross Profit $129.3M $92.10M $89.40M
YoY Change -9.26% -13.28% -17.38%
Gross Profit Margin 36.94% 34.39% 34.75%
Selling, General & Admin $76.20M $67.70M $67.40M
YoY Change -15.99% -9.25% -13.81%
% of Gross Profit 58.93% 73.51% 75.39%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $12.00M $10.10M $9.300M
YoY Change -8.4% 24.69% 9.41%
% of Gross Profit 9.28% 10.97% 10.4%
Operating Expenses $76.20M $67.70M $67.40M
YoY Change -27.98% -9.25% -13.81%
Operating Profit $11.80M $20.40M $17.50M
YoY Change -67.85% -26.09% -33.46%
Interest Expense $3.500M $4.500M $4.800M
YoY Change -179.55% -10.0% -9.43%
% of Operating Profit 29.66% 22.06% 27.43%
Other Income/Expense, Net $2.900M $2.700M $5.400M
YoY Change -143.28%
Pretax Income $11.40M $18.70M $18.20M
YoY Change -52.1% -22.08% -22.55%
Income Tax $3.700M $3.100M $3.000M
% Of Pretax Income 32.46% 16.58% 16.48%
Net Earnings $331.1M $22.80M $27.10M
YoY Change 1245.93% 6.05% 41.15%
Net Earnings / Revenue 94.6% 8.51% 10.53%
Basic Earnings Per Share $0.14 $0.51 $0.62
Diluted Earnings Per Share $0.14 $0.49 $0.60
COMMON SHARES
Basic Shares Outstanding 45.33M shares 44.71M shares 44.59M shares
Diluted Shares Outstanding 46.65M shares 45.89M shares 45.65M shares

Balance Sheet

Concept 2021 Q4 2020 Q3 2020 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $560.1M $70.70M $190.2M
YoY Change 720.06% 43.41% 449.71%
Cash & Equivalents $388.2M $70.70M $190.2M
Short-Term Investments
Other Short-Term Assets $73.10M $96.30M $92.20M
YoY Change -17.31% 136.03% 122.71%
Inventory $189.8M $179.3M $181.6M
Prepaid Expenses
Receivables $223.4M $232.0M $239.5M
Other Receivables $2.600M $24.90M $24.90M
Total Short-Term Assets $903.4M $648.6M $769.0M
YoY Change 33.82% 15.18% 40.97%
LONG-TERM ASSETS
Property, Plant & Equipment $108.0M $187.6M $178.1M
YoY Change -53.25% 5.69% 1.89%
Goodwill $457.3M $490.3M $451.0M
YoY Change 24.06% 14.18% 4.54%
Intangibles $415.5M $302.5M $246.5M
YoY Change 36.23% 31.01% 7.55%
Long-Term Investments
YoY Change
Other Assets $675.9M $615.2M $603.6M
YoY Change 14.23% -4.13% -9.29%
Total Long-Term Assets $1.725B $1.601B $1.487B
YoY Change 4.02% 6.81% -2.26%
TOTAL ASSETS
Total Short-Term Assets $903.4M $648.6M $769.0M
Total Long-Term Assets $1.725B $1.601B $1.487B
Total Assets $2.629B $2.250B $2.256B
YoY Change 12.64% 9.1% 9.15%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $119.6M $134.5M $137.9M
YoY Change 17.14% 1.51% 1.47%
Accrued Expenses $217.9M $228.8M $201.4M
YoY Change 5.47% 21.57% 15.42%
Deferred Revenue $44.70M $83.30M $91.10M
YoY Change 15.21% -2.69% 13.45%
Short-Term Debt $2.200M $108.0M $266.8M
YoY Change -97.83% 166.01% 348.4%
Long-Term Debt Due $13.00M $5.600M $4.100M
YoY Change 80.56% -69.73% -70.92%
Total Short-Term Liabilities $439.5M $562.2M $704.0M
YoY Change -23.18% 20.44% 50.88%
LONG-TERM LIABILITIES
Long-Term Debt $233.9M $350.3M $247.0M
YoY Change -23.06% 8.18% -24.7%
Other Long-Term Liabilities $788.5M $727.4M $727.0M
YoY Change 6.35% -6.52% -9.63%
Total Long-Term Liabilities $1.086B $1.105B $1.000B
YoY Change -3.15% -2.61% -14.06%
TOTAL LIABILITIES
Total Short-Term Liabilities $439.5M $562.2M $704.0M
Total Long-Term Liabilities $1.086B $1.105B $1.000B
Total Liabilities $1.526B $1.667B $1.704B
YoY Change -9.91% 4.11% 4.52%
SHAREHOLDERS EQUITY
Retained Earnings -$51.80M -$512.7M -$535.5M
YoY Change -89.15% -15.98% -15.23%
Common Stock $1.334B $1.310B $1.303B
YoY Change 1.08% 1.43% 1.41%
Preferred Stock
YoY Change
Treasury Stock (at cost) $443.9M $451.6M $451.6M
YoY Change -1.71% -1.85% -1.85%
Treasury Stock Shares 7.543M shares 7.673M shares 7.674M shares
Shareholders Equity $1.103B $583.1M $552.1M
YoY Change
Total Liabilities & Shareholders Equity $2.629B $2.250B $2.256B
YoY Change 12.64% 9.1% 9.15%

Cashflow Statement

Concept 2021 Q4 2020 Q3 2020 Q2
OPERATING ACTIVITIES
Net Income $331.1M $22.80M $27.10M
YoY Change 1245.93% 6.05% 41.15%
Depreciation, Depletion And Amortization $12.00M $10.10M $9.300M
YoY Change -8.4% 24.69% 9.41%
Cash From Operating Activities $74.90M $30.10M $26.70M
YoY Change 7.15% -30.48% 67.92%
INVESTING ACTIVITIES
Capital Expenditures -$3.300M -$5.600M -$5.800M
YoY Change -49.23% 24.44% 132.0%
Acquisitions
YoY Change
Other Investing Activities $585.3M -$87.90M $0.00
YoY Change -3388.2% 1211.94% -100.0%
Cash From Investing Activities $582.0M -$93.50M -$5.800M
YoY Change -2495.06% 734.82% 625.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -167.7M -55.30M 6.800M
YoY Change 245.06% 200.54% -135.79%
NET CHANGE
Cash From Operating Activities 74.90M 30.10M 26.70M
Cash From Investing Activities 582.0M -93.50M -5.800M
Cash From Financing Activities -167.7M -55.30M 6.800M
Net Change In Cash 489.2M -118.7M 27.70M
YoY Change -16406.67% -966.42% -810.26%
FREE CASH FLOW
Cash From Operating Activities $74.90M $30.10M $26.70M
Capital Expenditures -$3.300M -$5.600M -$5.800M
Free Cash Flow $78.20M $35.70M $32.50M
YoY Change 2.36% -25.31% 76.63%

Facts In Submission

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CY2020Q4 us-gaap Disposal Group Including Discontinued Operation Assets Noncurrent
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CY2021Q4 us-gaap Assets
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CY2020Q4 us-gaap Assets
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CY2020Q4 us-gaap Short Term Borrowings
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CY2020Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Current
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CY2021Q4 us-gaap Long Term Debt And Capital Lease Obligations
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CY2020Q4 us-gaap Long Term Debt And Capital Lease Obligations
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21300000 USD
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CY2020Q4 us-gaap Other Liabilities Noncurrent
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CY2021Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
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0 USD
CY2020Q4 us-gaap Liabilities Of Disposal Group Including Discontinued Operation Noncurrent
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30700000 USD
CY2021Q4 us-gaap Liabilities Noncurrent
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CY2020Q4 us-gaap Liabilities Noncurrent
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CY2021Q4 us-gaap Commitments And Contingencies
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CY2020Q4 us-gaap Commitments And Contingencies
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CY2021Q4 us-gaap Common Stock Shares Issued
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CY2021Q4 us-gaap Common Stock Shares Outstanding
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CY2020Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
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CY2020Q4 us-gaap Common Stock Shares Outstanding
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CY2021Q4 us-gaap Common Stock Value Outstanding
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500000 USD
CY2020Q4 us-gaap Common Stock Value Outstanding
CommonStockValueOutstanding
500000 USD
CY2021Q4 us-gaap Additional Paid In Capital Common Stock
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CY2020Q4 us-gaap Additional Paid In Capital Common Stock
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1319900000 USD
CY2021Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2020Q4 us-gaap Retained Earnings Accumulated Deficit
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CY2021Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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244500000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
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248500000 USD
CY2021Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
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CY2020Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
7672648 shares
CY2021Q4 us-gaap Treasury Stock Value
TreasuryStockValue
444200000 USD
CY2020Q4 us-gaap Treasury Stock Value
TreasuryStockValue
451600000 USD
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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629200000 USD
CY2021Q4 us-gaap Liabilities And Stockholders Equity
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2489800000 USD
CY2020Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2319000000 USD
CY2021Q3 us-gaap Stockholders Equity
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728200000 USD
CY2021Q4 us-gaap Net Income Loss
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OtherComprehensiveIncomeLossNetOfTax
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CY2021Q4 spxc Stock Issued During Period Value Share Based Compensation Plans Net Of Tax
StockIssuedDuringPeriodValueShareBasedCompensationPlansNetOfTax
3000000.0 USD
CY2021Q4 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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4200000 USD
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
629200000 USD
us-gaap Net Income Loss
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419400000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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spxc Stock Issued During Period Value Share Based Compensation Plans Net Of Tax
StockIssuedDuringPeriodValueShareBasedCompensationPlansNetOfTax
9800000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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10800000 USD
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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CY2021Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
552100000 USD
CY2020Q3 us-gaap Net Income Loss
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22800000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1900000 USD
CY2020Q3 spxc Stock Issued During Period Value Share Based Compensation Plans Net Of Tax
StockIssuedDuringPeriodValueShareBasedCompensationPlansNetOfTax
3100000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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3200000 USD
CY2020Q3 us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
RestrictedStockValueSharesIssuedNetOfTaxWithholdings
0 USD
CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
583100000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Net Income Loss
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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spxc Stock Issued During Period Value Share Based Compensation Plans Net Of Tax
StockIssuedDuringPeriodValueShareBasedCompensationPlansNetOfTax
10700000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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9300000 USD
us-gaap Restricted Stock Value Shares Issued Net Of Tax Withholdings
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CY2020Q3 us-gaap Stockholders Equity
StockholdersEquity
583100000 USD
us-gaap Profit Loss
ProfitLoss
419400000 USD
us-gaap Profit Loss
ProfitLoss
72600000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
378000000.0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
32300000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
41400000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
40300000 USD
spxc Special Charges
SpecialCharges
1900000 USD
spxc Special Charges
SpecialCharges
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us-gaap Equity Securities Fv Ni Gain Loss
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us-gaap Equity Securities Fv Ni Gain Loss
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7400000 USD
us-gaap Deferred Income Taxes And Tax Credits
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1900000 USD
us-gaap Deferred Income Taxes And Tax Credits
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13000000.0 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
32100000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
21600000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
4100000 USD
us-gaap Pension And Other Postretirement Benefit Expense
PensionAndOtherPostretirementBenefitExpense
5300000 USD
us-gaap Share Based Compensation
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9500000 USD
us-gaap Share Based Compensation
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9600000 USD
us-gaap Other Noncash Income Expense
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us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
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us-gaap Increase Decrease In Accounts Receivable And Other Operating Assets
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us-gaap Increase Decrease In Inventories
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20100000 USD
us-gaap Increase Decrease In Inventories
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24100000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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us-gaap Payments For Restructuring
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2400000 USD
us-gaap Payments For Restructuring
PaymentsForRestructuring
2300000 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
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94000000.0 USD
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
11000000.0 USD
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
59800000 USD
us-gaap Cash Provided By Used In Operating Activities Discontinued Operations
CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations
45400000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
153800000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
56400000 USD
us-gaap Proceeds From Life Insurance Policies
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8200000 USD
us-gaap Proceeds From Life Insurance Policies
ProceedsFromLifeInsurancePolicies
1100000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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120000000.0 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
87900000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
7500000 USD
us-gaap Payments To Acquire Productive Assets
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12500000 USD
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
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us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
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us-gaap Cash Provided By Used In Investing Activities Discontinued Operations
CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
498600000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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spxc Borrowings Under Senior Credit Facilities
BorrowingsUnderSeniorCreditFacilities
209100000 USD
spxc Borrowings Under Senior Credit Facilities
BorrowingsUnderSeniorCreditFacilities
183900000 USD
spxc Repayments Under Senior Credit Facilities
RepaymentsUnderSeniorCreditFacilities
343600000 USD
spxc Repayments Under Senior Credit Facilities
RepaymentsUnderSeniorCreditFacilities
118900000 USD
spxc Borrowing Under Trade Receivables Agreement
BorrowingUnderTradeReceivablesAgreement
179000000.0 USD
spxc Borrowing Under Trade Receivables Agreement
BorrowingUnderTradeReceivablesAgreement
65000000.0 USD
spxc Repayments Under Trade Receivables Agreement
RepaymentsUnderTradeReceivablesAgreement
207000000.0 USD
spxc Repayments Under Trade Receivables Agreement
RepaymentsUnderTradeReceivablesAgreement
60400000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
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us-gaap Payment For Contingent Consideration Liability Financing Activities
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us-gaap Payment For Contingent Consideration Liability Financing Activities
PaymentForContingentConsiderationLiabilityFinancingActivities
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4000000.0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
1800000 USD
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
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us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
64500000 USD
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0 USD
us-gaap Cash Provided By Used In Financing Activities Discontinued Operations
CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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64500000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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6200000 USD
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
54700000 USD
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
560100000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
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us-gaap Use Of Estimates
UseOfEstimates
Preparing financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenues and expenses. Actual results could differ from these estimates. The unaudited information included in this Quarterly Report on Form 10-Q should be read in conjunction with the consolidated financial statements contained in our Annual Report on Form 10-K for the year ended December 31, 2020. Interim results are not necessarily indicative of full year results.
us-gaap Fiscal Period
FiscalPeriod
We establish actual interim closing dates using a fiscal calendar, which requires our businesses to close their books on the Saturday closest to the end of the first calendar quarter, with the second and third quarters being 91 days in length. Our fourth quarter ends on December 31. The interim closing dates for the first, second and third quarters of 2021 are April 3, July 3 and October 2, compared to the respective March 28, June 27 and September 26, 2020 dates. We had five more days in the first quarter of 2021 and will have six fewer days in the fourth quarter of 2021 than in the respective 2020 periods. It is not practicable to estimate the impact of the five additional days on our consolidated operating results for the nine months ended October 2, 2021, when compared to the consolidated operating results for the 2020 respective period.
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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285800000 USD
CY2021Q4 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
285800000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
870400000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
870400000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
268300000 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
268300000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
783100000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
783100000 USD
CY2021Q4 us-gaap Accounts Receivable Net
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202800000 USD
CY2020Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
210600000 USD
spxc Increase Decreasein Accounts Receivable Net
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CY2021Q4 us-gaap Contract With Customer Asset Net Current
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23700000 USD
CY2021Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
23700000 USD
CY2020Q4 us-gaap Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
32500000 USD
spxc Increase Decreasein Contractwith Customer Asset Net Current
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CY2021Q4 us-gaap Contract With Customer Liability Current
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CY2020Q4 us-gaap Contract With Customer Liability Current
ContractWithCustomerLiabilityCurrent
46300000 USD
spxc Increase Decreasein Contractwith Customer Liability Current
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CY2021Q4 us-gaap Contract With Customer Liability Noncurrent
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CY2020Q4 us-gaap Contract With Customer Liability Noncurrent
ContractWithCustomerLiabilityNoncurrent
3400000 USD
spxc Increase Decreasein Contractwith Customer Liability Noncurrent
IncreaseDecreaseinContractwithCustomerLiabilityNoncurrent
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CY2021Q4 spxc Contractwith Customers Net
ContractwithCustomersNet
169900000 USD
CY2020Q4 spxc Contractwith Customers Net
ContractwithCustomersNet
193400000 USD
spxc Increase Decreasein Contractwith Customers Net
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spxc Increase Decreasein Contractwith Customers Net
IncreaseDecreaseinContractwithCustomersNet
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CY2021Q4 us-gaap Contract With Customer Liability Revenue Recognized
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8600000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
31800000 USD
CY2021Q4 us-gaap Revenue Remaining Performance Obligation
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102500000 USD
CY2021Q4 us-gaap Number Of Countries In Which Entity Operates
NumberOfCountriesInWhichEntityOperates
15 country
CY2021Q4 spxc Number Of Countries In Which Entity Sells Its Products And Services
NumberOfCountriesInWhichEntitySellsItsProductsAndServices
100 country
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
spxc Number Of Large Power Projects
NumberOfLargePowerProjects
2 project
CY2021Q4 us-gaap Operating Income Loss
OperatingIncomeLoss
11800000 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
20400000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
44700000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
54000000.0 USD
CY2021Q4 spxc Special Charges
SpecialCharges
500000 USD
CY2020Q3 spxc Special Charges
SpecialCharges
300000 USD
spxc Special Charges
SpecialCharges
1900000 USD
spxc Special Charges
SpecialCharges
1600000 USD
CY2020Q4 spxc Restructuring And Integration Reserves
RestructuringAndIntegrationReserves
1500000 USD
CY2019Q4 spxc Restructuring And Integration Reserves
RestructuringAndIntegrationReserves
1700000 USD
spxc Restructuring And Integration Reserves Period Expense
RestructuringAndIntegrationReservesPeriodExpense
1400000 USD
spxc Restructuring And Integration Reserves Period Expense
RestructuringAndIntegrationReservesPeriodExpense
1200000 USD
spxc Restructuring And Integration Reserves Cash Payments
RestructuringAndIntegrationReservesCashPayments
2400000 USD
spxc Restructuring And Integration Reserves Cash Payments
RestructuringAndIntegrationReservesCashPayments
2300000 USD
spxc Restructuring And Integration Reserves Translation And Other Adjustment
RestructuringAndIntegrationReservesTranslationAndOtherAdjustment
0 USD
spxc Restructuring And Integration Reserves Translation And Other Adjustment
RestructuringAndIntegrationReservesTranslationAndOtherAdjustment
200000 USD
CY2021Q4 spxc Restructuring And Integration Reserves
RestructuringAndIntegrationReserves
500000 USD
CY2020Q3 spxc Restructuring And Integration Reserves
RestructuringAndIntegrationReserves
400000 USD
spxc Special Charges Non Cash
SpecialChargesNonCash
500000 USD
spxc Special Charges Non Cash
SpecialChargesNonCash
400000 USD
CY2021Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.31
CY2020Q4 us-gaap Percentage Of Lifo Inventory
PercentageOfLIFOInventory
0.35
CY2021Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
58100000 USD
CY2020Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
49400000 USD
CY2021Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
23700000 USD
CY2020Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
21300000 USD
CY2021Q4 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
102400000 USD
CY2020Q4 us-gaap Inventory Raw Materials And Purchased Parts Net Of Reserves
InventoryRawMaterialsAndPurchasedPartsNetOfReserves
84300000 USD
CY2021Q4 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
184200000 USD
CY2020Q4 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
155000000.0 USD
CY2021Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
13900000 USD
CY2020Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
11900000 USD
CY2021Q4 us-gaap Inventory Net
InventoryNet
170300000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
143100000 USD
CY2020Q4 us-gaap Goodwill Gross
GoodwillGross
843700000 USD
us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
64200000 USD
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 USD
spxc Gross Goodwill Related To Foreign Currency Translation And Other
GrossGoodwillRelatedToForeignCurrencyTranslationAndOther
-10100000 USD
CY2021Q4 us-gaap Goodwill Gross
GoodwillGross
897800000 USD
CY2020Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
475100000 USD
spxc Goodwill Accumulated Impairment During Period
GoodwillAccumulatedImpairmentDuringPeriod
23300000 USD
spxc Accumulated Impairments Related To Foreign Currency Translation And Other Adjustments
AccumulatedImpairmentsRelatedToForeignCurrencyTranslationAndOtherAdjustments
-4600000 USD
CY2021Q4 us-gaap Goodwill Impaired Accumulated Impairment Loss
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spxc Goodwill Related To Foreign Currency Translation And Other
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FiniteLivedIntangibleAssetsAccumulatedAmortization
55400000 USD
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164000000.0 USD
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181100000 USD
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FiniteLivedIntangibleAssetsAccumulatedAmortization
40000000.0 USD
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55400000 USD
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CY2020Q4 us-gaap Intangible Assets Net Excluding Goodwill
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19000000.0 USD
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35300000 USD
CY2019Q4 us-gaap Product Warranty Accrual
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31800000 USD
us-gaap Product Warranty Accrual Additions From Business Acquisition
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0 USD
us-gaap Product Warranty Accrual Additions From Business Acquisition
ProductWarrantyAccrualAdditionsFromBusinessAcquisition
1600000 USD
us-gaap Product Warranty Accrual Warranties Issued
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8000000.0 USD
us-gaap Product Warranty Accrual Warranties Issued
ProductWarrantyAccrualWarrantiesIssued
8200000 USD
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7200000 USD
us-gaap Product Warranty Accrual Payments
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7800000 USD
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
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0 USD
us-gaap Standard And Extended Product Warranty Accrual Foreign Currency Translation Gain Loss
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CY2021Q4 us-gaap Product Warranty Accrual
ProductWarrantyAccrual
36100000 USD
CY2020Q3 us-gaap Product Warranty Accrual
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CY2020Q3 us-gaap Product Warranty Accrual Classified Current
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11900000 USD
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us-gaap Proceeds From Issuance Of Debt
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388700000 USD
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551500000 USD
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CY2020Q4 us-gaap Short Term Borrowings
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CY2021Q4 us-gaap Short Term Borrowings
ShortTermBorrowings
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LongTermDebtAndCapitalLeaseObligations
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IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
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WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
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WeightedAverageNumberOfDilutedSharesOutstanding
46455000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
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800000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
1600000 USD
us-gaap Employee Service Share Based Compensation Tax Benefit From Compensation Expense
EmployeeServiceShareBasedCompensationTaxBenefitFromCompensationExpense
2400000 USD
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CY2021Q4 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
700000 USD
CY2021Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
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us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
3600000 USD
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OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2020Q3 us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
2100000 USD
CY2020Q3 us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
200000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
1900000 USD
us-gaap Oci Before Reclassifications Net Of Tax Attributable To Parent
OciBeforeReclassificationsNetOfTaxAttributableToParent
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us-gaap Reclassification From Aoci Current Period Net Of Tax Attributable To Parent
ReclassificationFromAociCurrentPeriodNetOfTaxAttributableToParent
200000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
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CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
540400000 USD
CY2020Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
575700000 USD
CY2021Q4 us-gaap Liability For Asbestos And Environmental Claims Gross
LiabilityForAsbestosAndEnvironmentalClaimsGross
499400000 USD
CY2020Q4 us-gaap Liability For Asbestos And Environmental Claims Gross
LiabilityForAsbestosAndEnvironmentalClaimsGross
535200000 USD
us-gaap Insurance Recoveries
InsuranceRecoveries
39800000 USD
us-gaap Insurance Recoveries
InsuranceRecoveries
23300000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Payment For Claims
LiabilityForAsbestosAndEnvironmentalClaimsNetPaymentForClaims
-2200000 USD
us-gaap Liability For Asbestos And Environmental Claims Net Payment For Claims
LiabilityForAsbestosAndEnvironmentalClaimsNetPaymentForClaims
15800000 USD
CY2020Q3 spxc Number Of Disputes
NumberOfDisputes
9 dispute
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
7300000 USD
CY2021Q4 spxc Unrecognized Tax Benefits Net
UnrecognizedTaxBenefitsNet
6400000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits Interest On Income Taxes Accrued
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccrued
3100000 USD
CY2021Q4 spxc Unrecognized Tax Benefits Interest On Income Taxes Accrued Net
UnrecognizedTaxBenefitsInterestOnIncomeTaxesAccruedNet
2500000 USD
CY2021Q4 us-gaap Unrecognized Tax Benefits Income Tax Penalties Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAccrued
0 USD
CY2021Q4 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3700000 USD
CY2021Q4 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
11400000 USD
CY2021Q4 us-gaap Effective Income Tax Rate Continuing Operations
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0.325
CY2020Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3100000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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18700000 USD
CY2020Q3 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.166
CY2021Q4 spxc Effective Income Tax Rate Reconciliation Tax Expense Benefit Revaluation Of Deferred Tax Liabilities
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitRevaluationOfDeferredTaxLiabilities
700000 USD
CY2021Q4 us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
1200000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
9800000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
51200000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.191
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
8400000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
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48700000 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.172
spxc Income Tax Expense Benefit For Uncertain Tax Positions And Interest With Various Refund Claims Period
IncomeTaxExpenseBenefitForUncertainTaxPositionsAndInterestWithVariousRefundClaimsPeriod
-2200000 USD
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
-1000000.0 USD
spxc Effective Income Tax Rate Reconciliation Tax Expense Benefit Revaluation Of Deferred Tax Liabilities
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitRevaluationOfDeferredTaxLiabilities
-1300000 USD
us-gaap Effective Income Tax Rate Reconciliation Share Based Compensation Excess Tax Benefit Amount
EffectiveIncomeTaxRateReconciliationShareBasedCompensationExcessTaxBenefitAmount
1500000 USD
us-gaap Income Tax Reconciliation Tax Credits
IncomeTaxReconciliationTaxCredits
1200000 USD
CY2020Q2 spxc Effective Income Tax Rate Reconciliation Tax Expense Benefit Statute Expiration
EffectiveIncomeTaxRateReconciliationTaxExpenseBenefitStatuteExpiration
500000 USD
CY2021Q3 spxc Income Tax Expense Benefit For Uncertain Tax Positions And Interest With Various Refund Claims Period
IncomeTaxExpenseBenefitForUncertainTaxPositionsAndInterestWithVariousRefundClaimsPeriod
-2200000 USD
CY2021Q4 us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
1600000 USD
us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
9000000.0 USD
CY2020Q3 us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
2100000 USD
us-gaap Equity Securities Fv Ni Realized Gain
EquitySecuritiesFvNiRealizedGain
7400000 USD
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
36000000.0 USD
CY2020Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
27000000.0 USD

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