2021 Q1 Form 10-Q Financial Statement

#000175789821000007 Filed on February 09, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q4 2019 Q4
Revenue $873.5M $808.9M $774.3M
YoY Change 6.14% 4.48% 11.21%
Cost Of Revenue $493.7M $463.1M $442.9M
YoY Change 7.35% 4.55% 8.23%
Gross Profit $379.8M $345.9M $331.4M
YoY Change 4.61% 4.38% 15.46%
Gross Profit Margin 43.48% 42.76% 42.8%
Selling, General & Admin $221.1M $182.4M $172.9M
YoY Change 16.92% 5.46% -1.8%
% of Gross Profit 58.21% 52.73% 52.19%
Research & Development $17.50M $16.44M $16.49M
YoY Change 1.74% -0.3% 8.7%
% of Gross Profit 4.61% 4.75% 4.98%
Depreciation & Amortization $59.00M $56.80M $49.60M
YoY Change 15.91% 14.52% -40.02%
% of Gross Profit 15.53% 16.42% 14.97%
Operating Expenses $238.6M $198.8M $189.0M
YoY Change 15.66% 5.22% -13.08%
Operating Profit $141.2M $147.0M $142.4M
YoY Change -9.93% 3.26% 104.63%
Interest Expense -$8.600M $8.899M $9.813M
YoY Change -12.24% -9.31% -9.8%
% of Operating Profit -6.09% 6.05% 6.89%
Other Income/Expense, Net -$7.600M -$8.435M
YoY Change -9.9% -28.66%
Pretax Income $137.5M $139.4M $134.0M
YoY Change -7.16% 4.09% 131.91%
Income Tax $49.40M $24.84M $29.29M
% Of Pretax Income 35.93% 17.82% 21.86%
Net Earnings $87.44M $114.5M $104.9M
YoY Change -28.67% 9.12% 119.25%
Net Earnings / Revenue 10.01% 14.15% 13.55%
Basic Earnings Per Share $1.02 $1.34 $1.24
Diluted Earnings Per Share $1.02 $1.33 $1.23
COMMON SHARES
Basic Shares Outstanding 85.35M shares 85.33M shares 84.79M shares
Diluted Shares Outstanding 86.03M shares 85.63M shares

Balance Sheet

Concept 2021 Q1 2020 Q4 2019 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $220.5M $252.5M $199.2M
YoY Change -31.01% 26.76% -11.43%
Cash & Equivalents $220.5M $252.5M $199.2M
Short-Term Investments
Other Short-Term Assets $66.80M $73.30M $57.20M
YoY Change 22.79% 28.15% -1.72%
Inventory $315.1M $294.1M $252.0M
Prepaid Expenses
Receivables $609.4M $556.1M $544.4M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.212B $1.176B $1.053B
YoY Change -1.0% 11.7% 3.17%
LONG-TERM ASSETS
Property, Plant & Equipment $1.235B $1.227B $1.103B
YoY Change 11.11% 11.27% 11.49%
Goodwill $3.026B $2.927B $2.404B
YoY Change 28.44% 21.76%
Intangibles $898.4M $1.044B $594.2M
YoY Change 58.88% 75.69%
Long-Term Investments
YoY Change
Other Assets $52.72M $57.61M $59.36M
YoY Change 2.21% -2.93% 15.03%
Total Long-Term Assets $5.363B $5.405B $4.283B
YoY Change 27.17% 26.2% 7.45%
TOTAL ASSETS
Total Short-Term Assets $1.212B $1.176B $1.053B
Total Long-Term Assets $5.363B $5.405B $4.283B
Total Assets $6.574B $6.581B $5.336B
YoY Change 20.83% 23.34% 6.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $157.0M $134.5M $139.8M
YoY Change 5.1% -3.82% 2.27%
Accrued Expenses $220.6M $184.6M $177.6M
YoY Change 14.76% 3.93% 16.8%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $577.9M $505.9M $450.8M
YoY Change 14.76% 12.21% 13.27%
LONG-TERM LIABILITIES
Long-Term Debt $1.651B $1.713B $1.137B
YoY Change 43.46% 50.68% -8.77%
Other Long-Term Liabilities $88.01M $89.26M $91.35M
YoY Change -2.59% -2.28% -5.44%
Total Long-Term Liabilities $1.739B $1.802B $1.228B
YoY Change 40.11% 46.74% -8.53%
TOTAL LIABILITIES
Total Short-Term Liabilities $577.9M $505.9M $450.8M
Total Long-Term Liabilities $1.739B $1.802B $1.228B
Total Liabilities $2.683B $2.703B $1.940B
YoY Change 32.65% 39.34% 1.98%
SHAREHOLDERS EQUITY
Retained Earnings $1.939B $1.873B $1.544B
YoY Change 16.93% 21.24%
Common Stock $2.003B $1.997B $1.987B
YoY Change 1.04% 0.49%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.881B $3.867B $3.383B
YoY Change
Total Liabilities & Shareholders Equity $6.574B $6.581B $5.336B
YoY Change 20.83% 23.34% 6.58%

Cashflow Statement

Concept 2021 Q1 2020 Q4 2019 Q4
OPERATING ACTIVITIES
Net Income $87.44M $114.5M $104.9M
YoY Change -28.67% 9.12% 119.25%
Depreciation, Depletion And Amortization $59.00M $56.80M $49.60M
YoY Change 15.91% 14.52% -40.02%
Cash From Operating Activities $187.8M $205.7M $131.3M
YoY Change -5.77% 56.66% -1.94%
INVESTING ACTIVITIES
Capital Expenditures -$74.80M -$53.80M -$55.40M
YoY Change 22.82% -2.89% 9.27%
Acquisitions
YoY Change
Other Investing Activities -$43.50M -$869.3M -$19.00M
YoY Change -4054.55% 4475.26% -8.21%
Cash From Investing Activities -$118.3M -$923.0M -$74.50M
YoY Change 98.16% 1138.93% 4.34%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $127.0K $2.454M
YoY Change -94.82% 593.22%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -96.90M 641.8M -90.40M
YoY Change 953.26% -809.96% 105.92%
NET CHANGE
Cash From Operating Activities 187.8M 205.7M 131.3M
Cash From Investing Activities -118.3M -923.0M -74.50M
Cash From Financing Activities -96.90M 641.8M -90.40M
Net Change In Cash -27.40M -75.50M -33.60M
YoY Change -121.01% 124.7% -280.65%
FREE CASH FLOW
Cash From Operating Activities $187.8M $205.7M $131.3M
Capital Expenditures -$74.80M -$53.80M -$55.40M
Free Cash Flow $262.6M $259.5M $186.7M
YoY Change 0.92% 38.99% 1.14%

Facts In Submission

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CY2020Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.33
CY2019Q4 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.23
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.59
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.32
CY2020Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2019Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.37
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.17
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
1.08
CY2020Q4 us-gaap Profit Loss
ProfitLoss
114588000 USD
us-gaap Profit Loss
ProfitLoss
284586000 USD
CY2020Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
87000 USD
CY2019Q4 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
171000 USD
CY2020Q4 us-gaap Net Income Loss
NetIncomeLoss
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us-gaap Net Income Loss
NetIncomeLoss
308549000 USD
us-gaap Net Income Loss
NetIncomeLoss
284289000 USD
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CY2020Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
128737000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
12371000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
128227000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
173000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
171000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
520000 USD
us-gaap Other Comprehensive Income Loss Amortization Adjustment From Aoci Pension And Other Postretirement Benefit Plans For Net Prior Service Cost Credit Tax
OtherComprehensiveIncomeLossAmortizationAdjustmentFromAOCIPensionAndOtherPostretirementBenefitPlansForNetPriorServiceCostCreditTax
512000 USD
CY2020Q4 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-510000 USD
CY2019Q4 us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-504000 USD
us-gaap Other Comprehensive Income Defined Benefit Plans Net Unamortized Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeDefinedBenefitPlansNetUnamortizedGainLossArisingDuringPeriodNetOfTax
-1530000 USD
CY2019Q4 us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
77299000 USD
us-gaap Other Comprehensive Income Foreign Currency Transaction And Translation Gain Loss Arising During Period Net Of Tax
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationGainLossArisingDuringPeriodNetOfTax
234607000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
76795000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
233077000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
10856000 USD
CY2020Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
242728000 USD
CY2019Q4 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
181725000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
541626000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
295145000 USD
us-gaap Profit Loss
ProfitLoss
308720000 USD
us-gaap Profit Loss
ProfitLoss
284586000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
160193000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
146294000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
783000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1139000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
19924000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
18862000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
-865000 USD
us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
540000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-5000 USD
us-gaap Gain Loss On Sale Of Business
GainLossOnSaleOfBusiness
-2553000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-4494000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
2506000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-60574000 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-29860000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
7520000 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
32816000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
8906000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-3615000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-30974000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-18610000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-6373000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-38833000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
501785000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
391326000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
164497000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
153649000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
417000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
387000 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 USD
us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
439000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
869431000 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
107166000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2392000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-1035903000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-259989000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
550000000 USD
us-gaap Proceeds From Issuance Of Debt
ProceedsFromIssuanceOfDebt
0 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
35000000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
0 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
23782000 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-48467000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3122000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1206000 USD
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
2968000 USD
us-gaap Payments Of Merger Related Costs Financing Activities
PaymentsOfMergerRelatedCostsFinancingActivities
452000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
14560000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
40322000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
99696000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
91595000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2258000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
6050000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
627000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
840000 USD
ste Payments For Acquisition Of Subsidiary Interests In Noncontrolling Interest
PaymentsForAcquisitionOfSubsidiaryInterestsInNoncontrollingInterest
3552000 USD
ste Payments For Acquisition Of Subsidiary Interests In Noncontrolling Interest
PaymentsForAcquisitionOfSubsidiaryInterestsInNoncontrollingInterest
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
26018000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
22958000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
442533000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-153874000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
24506000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
1134000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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-67079000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-21403000 USD
CY2020Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
319581000 USD
CY2019Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
220633000 USD
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
252502000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
199230000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3662455000 USD
CY2020Q4 us-gaap Profit Loss
ProfitLoss
114588000 USD
CY2020Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
128227000 USD
CY2020Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
127000 USD
CY2020Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
11380000 USD
CY2020Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.40
CY2020Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
34136000 USD
CY2020Q4 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
627000 USD
CY2020Q4 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
-3552000 USD
CY2020Q4 ste Non Controlling Interest Period Increase Decrease From Translation And Other
NonControllingInterestPeriodIncreaseDecreaseFromTranslationAndOther
-16000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
3552000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3878192000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3406724000 USD
us-gaap Profit Loss
ProfitLoss
308720000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
233077000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
14560000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
45744000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.17
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
99696000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
2258000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
627000 USD
ste Non Controlling Interest Period Increase Decrease From Translation And Other
NonControllingInterestPeriodIncreaseDecreaseFromTranslationAndOther
104000 USD
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3878192000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3237645000 USD
CY2019Q4 us-gaap Profit Loss
ProfitLoss
104667000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
76795000 USD
CY2019Q4 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
2454000 USD
CY2019Q4 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
6116000 USD
CY2019Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.37
CY2019Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
31375000 USD
CY2019Q4 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
840000 USD
CY2019Q4 us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
6050000 USD
CY2019Q4 ste Non Controlling Interest Period Increase Decrease From Translation And Other
NonControllingInterestPeriodIncreaseDecreaseFromTranslationAndOther
-538000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3396066000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3185798000 USD
us-gaap Profit Loss
ProfitLoss
284586000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
10856000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
40322000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
41642000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.08
us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
91595000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
840000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
6050000 USD
ste Non Controlling Interest Period Increase Decrease From Translation And Other
NonControllingInterestPeriodIncreaseDecreaseFromTranslationAndOther
-109000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3396066000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:6pt;margin-top:6pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:15.75pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We make certain estimates and assumptions when preparing financial statements according to U.S. GAAP that affect the reported amounts of assets and liabilities at the financial statement dates and the reported amounts of revenues and expenses during the periods presented. These estimates and assumptions involve judgments with respect to many factors that are difficult to predict and are beyond our control. Actual results could be materially different from these estimates. We revise the estimates and assumptions as new information becomes available. This means that operating results for the three and nine month periods ended December 31, 2020 are not necessarily indicative of results that may be expected for future quarters or for the full fiscal year ending March 31, 2021.</span></div>
CY2020Q2 ste Deferred Revenues Amountrecognizedinperiodfromcertaincapitalcontracts
DeferredRevenuesAmountrecognizedinperiodfromcertaincapitalcontracts
14609000 USD
CY2020Q2 ste Deferred Costof Revenues Amountrecognizedinperiodfromcertaincapitalcontracts
DeferredCostofRevenuesAmountrecognizedinperiodfromcertaincapitalcontracts
7560000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
38181000 USD
us-gaap Deferred Revenue Revenue Recognized1
DeferredRevenueRevenueRecognized1
46744000 USD
CY2020Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1014800000 USD
us-gaap Business Acquisition Effective Date Of Acquisition1
BusinessAcquisitionEffectiveDateOfAcquisition1
2020-11-18
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
10842000 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Cash And Equivalents
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCashAndEquivalents
12615000 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Receivables
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsReceivables
13967000 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedInventory
22167000 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
6032000 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentAssetsOther
6680000 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
491009000 USD
CY2020Q4 us-gaap Business Acquisition Purchase Price Allocation Goodwill Expected Tax Deductible Amount
BusinessAcquisitionPurchasePriceAllocationGoodwillExpectedTaxDeductibleAmount
423239000 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
975709000 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedCurrentLiabilities
17683000 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Noncurrent Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNoncurrentLiabilities
95694000 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
113377000 USD
CY2020Q4 us-gaap Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
862332000 USD
CY2020Q4 ste Deferred Consideration
DeferredConsideration
1194000 USD
CY2019Q4 ste Deferred Consideration
DeferredConsideration
894000 USD
us-gaap Proceeds From Sales Of Business Affiliate And Productive Assets
ProceedsFromSalesOfBusinessAffiliateAndProductiveAssets
439000 USD
ste Loss On Sale Of Hss China Operations
LossOnSaleOfHSSChinaOperations
2330000 USD
ste Approximate Annual Revenues Of Divested Entity
ApproximateAnnualRevenuesOfDivestedEntity
5000000 USD
CY2020Q4 us-gaap Inventory Raw Materials
InventoryRawMaterials
102212000 USD
CY2020Q1 us-gaap Inventory Raw Materials
InventoryRawMaterials
94321000 USD
CY2020Q4 us-gaap Inventory Work In Process
InventoryWorkInProcess
42109000 USD
CY2020Q1 us-gaap Inventory Work In Process
InventoryWorkInProcess
35643000 USD
CY2020Q4 us-gaap Inventory Finished Goods
InventoryFinishedGoods
185762000 USD
CY2020Q1 us-gaap Inventory Finished Goods
InventoryFinishedGoods
151381000 USD
CY2020Q4 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
18753000 USD
CY2020Q1 us-gaap Inventory Lifo Reserve
InventoryLIFOReserve
16937000 USD
CY2020Q4 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
17198000 USD
CY2020Q1 us-gaap Inventory Valuation Reserves
InventoryValuationReserves
16149000 USD
CY2020Q4 us-gaap Inventory Net
InventoryNet
294132000 USD
CY2020Q1 us-gaap Inventory Net
InventoryNet
248259000 USD
CY2020Q4 us-gaap Land
Land
69591000 USD
CY2020Q1 us-gaap Land
Land
65994000 USD
CY2020Q4 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
567113000 USD
CY2020Q1 us-gaap Buildings And Improvements Gross
BuildingsAndImprovementsGross
531267000 USD
CY2020Q4 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
753851000 USD
CY2020Q1 us-gaap Machinery And Equipment Gross
MachineryAndEquipmentGross
682488000 USD
CY2020Q4 ste Capitalized Computer Hardware Software Gross
CapitalizedComputerHardwareSoftwareGross
186421000 USD
CY2020Q1 ste Capitalized Computer Hardware Software Gross
CapitalizedComputerHardwareSoftwareGross
181112000 USD
CY2020Q4 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
567353000 USD
CY2020Q1 us-gaap Materials Supplies And Other
MaterialsSuppliesAndOther
508593000 USD
CY2019Q4 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.219
CY2020Q4 us-gaap Construction In Progress Gross
ConstructionInProgressGross
211183000 USD
CY2020Q1 us-gaap Construction In Progress Gross
ConstructionInProgressGross
159731000 USD
CY2020Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2355512000 USD
CY2020Q1 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
2129185000 USD
CY2020Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1128617000 USD
CY2020Q1 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1017330000 USD
CY2020Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1226895000 USD
CY2020Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
1111855000 USD
CY2020Q4 us-gaap Line Of Credit
LineOfCredit
304618000 USD
CY2020Q1 us-gaap Line Of Credit
LineOfCredit
275449000 USD
CY2020Q4 us-gaap Loans Payable To Bank
LoansPayableToBank
550000000 USD
CY2020Q1 us-gaap Loans Payable To Bank
LoansPayableToBank
0 USD
CY2020Q4 us-gaap Senior Notes
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CY2020Q4 ste Term Loan Quarterly Principal Repayment Rate Year2023
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Commitments and Contingencies <div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are, and will likely continue to be, involved in a number of legal proceedings, government investigations, and claims, which we believe generally arise in the course of our business, given our size, history, complexity, and the nature of our business, products, Customers, regulatory environment, and industries in which we participate. These legal proceedings, investigations and claims generally involve a variety of legal theories and allegations, including, without limitation, personal injury (e.g., slip and falls, burns, vehicle accidents), product liability or regulation (e.g., based on product operation or claimed malfunction, failure to warn, failure to meet specification, or failure to comply with regulatory requirements), product exposure (e.g., claimed exposure to chemicals, asbestos, contaminants, radiation), property damage (e.g., claimed damage due to leaking equipment, fire, vehicles, chemicals), commercial claims (e.g., breach of contract, economic loss, warranty, misrepresentation), financial (e.g., taxes, reporting), employment (e.g., wrongful termination, discrimination, benefits matters), and other claims for damage and relief.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We believe we have adequately reserved for our current litigation and claims that are probable and estimable, and further believe that the ultimate outcome of these pending lawsuits and claims will not have a material adverse effect on our consolidated financial position or results of operations taken as a whole. Due to their inherent uncertainty, however, there can be no assurance of the ultimate outcome or effect of current or future litigation, investigations, claims or other proceedings (including without limitation the matters discussed below). For certain types of claims, we presently maintain insurance coverage for personal injury and property damage and other liability coverages in amounts and with deductibles that we believe are prudent, but there can be no assurance that these coverages will be applicable or adequate to cover adverse outcomes of claims or legal proceedings against us.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Civil, criminal, regulatory or other proceedings involving our products or services could possibly result in judgments, settlements or administrative or judicial decrees requiring us, among other actions, to pay damages or fines or effect recalls, or be subject to other governmental, Customer or other third party claims or remedies, which could materially effect our business, performance, prospects, value, financial condition, and results of operations.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For additional information regarding these matters, see the following portions of our Annual Report on Form 10-K for the year ended March 31, 2020 dated May 29, 2020: Item 1 titled “Business - Information with respect to our Business in General - Government Regulation”, and the “Risk Factors” in Item 1A titled "Product related regulations and claims".</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">From time to time, STERIS is also involved in legal proceedings as a plaintiff involving contract, patent protection, and other claims asserted by us. Gains, if any, from these proceedings are recognized when they are realized.</span></div><div style="margin-bottom:6pt;margin-top:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We are subject to taxation from United States federal, state and local, and non-U.S. jurisdictions. Tax positions are settled primarily through the completion of audits within each individual jurisdiction or the closing of statutes of limitation. Changes in applicable tax law or other events may also require us to revise past estimates. We describe income taxes further in Note 7 to our consolidated financial statements titled, “Income Tax Expense” in this Quarterly Report on Form 10-Q.</span></div>
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us-gaap Effective Income Tax Rate Continuing Operations
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us-gaap Gain Loss On Sale Of Business
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CY2019Q4 ste Amortizationofinventoryandpropertystepuptofairvalue
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us-gaap Revenues
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AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2386000 USD
CY2020Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-2386000 USD
CY2019Q3 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-225717000 USD
CY2019Q1 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-159778000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
77494000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
12947000 USD
CY2019Q4 us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-699000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-2091000 USD
CY2019Q4 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
76795000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
10856000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-148922000 USD
CY2019Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-148922000 USD
us-gaap Restructuring And Related Cost Expected Number Of Positions Eliminated
RestructuringAndRelatedCostExpectedNumberOfPositionsEliminated
200 plan
ste Restructuring Costs Ltd Since Plan Inception
RestructuringCostsLTDSincePlanInception
43961000 USD
CY2020Q4 us-gaap Investment Owned At Cost
InvestmentOwnedAtCost
4955000 USD
CY2020Q4 ste Lineof Credit Providedto Investee
LineofCreditProvidedtoInvestee
11606000 USD
CY2020Q4 ste Balance Under Credit Facility Expected To Be Forgiven In Acquisition
BalanceUnderCreditFacilityExpectedToBeForgivenInAcquisition
10536000 USD
CY2017Q1 ste Loan Agreement Max Borrowing Amount Dutch Linen Sale
LoanAgreementMaxBorrowingAmountDutchLinenSale
15000000 EUR

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