$WAB
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP Stock $wab

$wab Overview Financials Valuation SEC Filings Company Website

2016 Q1 Form 10-Q Financial Statement

#000162828016014887 Filed on April 28, 2016

Income Statement

Concept	2016 Q1	2015 Q1
Revenue	$772.0M	$818.6M
YoY Change	-5.69%	17.74%
Cost Of Revenue	$516.9M	$563.2M
YoY Change	-8.24%	15.96%
Gross Profit	$255.2M	$255.4M
YoY Change	-0.07%	21.85%
Gross Profit Margin	33.05%	31.19%
Selling, General & Admin	$89.75M	$84.77M
YoY Change	5.87%	20.96%
% of Gross Profit	35.17%	33.2%
Research & Development	$17.95M	$16.86M
YoY Change	6.46%	30.26%
% of Gross Profit	7.04%	6.6%
Depreciation & Amortization	$16.20M	$15.60M
YoY Change	3.85%	14.71%
% of Gross Profit	6.35%	6.11%
Operating Expenses	$113.0M	$106.9M
YoY Change	5.67%	21.9%
Operating Profit	$142.2M	$148.4M
YoY Change	-4.2%	21.81%
Interest Expense	-$4.900M	-$6.700M
YoY Change	-26.87%	39.58%
% of Operating Profit	-3.45%	-4.51%
Other Income/Expense, Net	$154.0K	-$2.866M
YoY Change	-105.37%	16758.82%
Pretax Income	$137.5M	$141.2M
YoY Change	-2.68%	20.33%
Income Tax	$43.30M	$45.08M
% Of Pretax Income	31.5%	31.92%
Net Earnings	$94.16M	$96.16M
YoY Change	-2.08%	20.0%
Net Earnings / Revenue	12.2%	11.75%
Basic Earnings Per Share	$1.03	$1.00
Diluted Earnings Per Share	$1.02	$0.99
COMMON SHARES
Basic Shares Outstanding	91.26M shares	96.24M shares
Diluted Shares Outstanding	92.15M shares	97.39M shares

Balance Sheet

Concept	2016 Q1	2015 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments	$263.0M	$249.0M
YoY Change	5.62%	-15.59%
Cash & Equivalents	$262.8M	$249.1M
Short-Term Investments
Other Short-Term Assets	$40.27M	$73.00M
YoY Change	-44.84%	139.67%
Inventory	$478.7M	$516.0M
Prepaid Expenses
Receivables	$475.7M	$666.0M
Other Receivables	$0.00	$0.00
Total Short-Term Assets	$1.687B	$1.504B
YoY Change	12.14%	4.87%
LONG-TERM ASSETS
Property, Plant & Equipment	$353.9M	$349.0M
YoY Change	1.4%	27.54%
Goodwill	$867.6M
YoY Change
Intangibles	$605.9M	$167.3M
YoY Change	262.19%	-68.84%
Long-Term Investments
YoY Change
Other Assets	$35.58M	$39.00M
YoY Change	-8.78%	-3.81%
Total Long-Term Assets	$1.694B	$1.664B
YoY Change	1.82%	12.25%
TOTAL ASSETS
Total Short-Term Assets	$1.687B	$1.504B
Total Long-Term Assets	$1.694B	$1.664B
Total Assets	$3.381B	$3.168B
YoY Change	6.72%	8.62%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$304.2M	$381.0M
YoY Change	-20.15%	10.34%
Accrued Expenses	$253.0M	$207.0M
YoY Change	22.22%	23.21%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$1.000M
YoY Change	-100.0%
Total Short-Term Liabilities	$657.7M	$696.0M
YoY Change	-5.51%	19.81%
LONG-TERM LIABILITIES
Long-Term Debt	$802.0M	$420.0M
YoY Change	90.95%	-6.67%
Other Long-Term Liabilities	$23.64M	$120.0M
YoY Change	-80.3%	555.02%
Total Long-Term Liabilities	$23.64M	$540.0M
YoY Change	-95.62%	2847.6%
TOTAL LIABILITIES
Total Short-Term Liabilities	$657.7M	$696.0M
Total Long-Term Liabilities	$23.64M	$540.0M
Total Liabilities	$1.702B	$1.351B
YoY Change	26.01%	9.29%
SHAREHOLDERS EQUITY
Retained Earnings	$2.368B
YoY Change
Common Stock	$464.1M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)	$906.1M
YoY Change
Treasury Stock Shares	42.25M shares
Shareholders Equity	$1.677B	$1.816B
YoY Change
Total Liabilities & Shareholders Equity	$3.381B	$3.168B
YoY Change	6.72%	8.62%

Cashflow Statement

Concept	2016 Q1	2015 Q1
OPERATING ACTIVITIES
Net Income	$94.16M	$96.16M
YoY Change	-2.08%	20.0%
Depreciation, Depletion And Amortization	$16.20M	$15.60M
YoY Change	3.85%	14.71%
Cash From Operating Activities	$75.57M	$43.70M
YoY Change	72.92%	66.7%
INVESTING ACTIVITIES
Capital Expenditures	$8.504M	$8.458M
YoY Change	0.54%	33.55%
Acquisitions	$210.0K	$75.71M
YoY Change	-99.72%
Other Investing Activities	-$100.0K	-$75.60M
YoY Change	-99.87%	-5500.0%
Cash From Investing Activities	-$8.600M	-$84.00M
YoY Change	-89.76%	1604.55%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net	$133.7M	$0.00
YoY Change		-100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-40.00M	-119.8M
YoY Change	-66.61%	1237.95%
NET CHANGE
Cash From Operating Activities	$75.57M	43.70M
Cash From Investing Activities	-8.600M	-84.00M
Cash From Financing Activities	-40.00M	-119.8M
Net Change In Cash	$75.57M	-160.1M
YoY Change	-147.2%	-1398.14%
FREE CASH FLOW
Cash From Operating Activities	$75.57M	$43.70M
Capital Expenditures	$8.504M	$8.458M
Free Cash Flow	$67.06M	$35.24M
YoY Change	90.29%	77.26%

Facts In Submission

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CY2016Q1	us-gaap	Net Income Loss NetIncomeLoss	94163000	USD
CY2015Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	-2866000	USD
CY2016Q1	us-gaap	Nonoperating Income Expense NonoperatingIncomeExpense	154000	USD
CY2016Q1	us-gaap	Number Of Countries In Which Entity Operates NumberOfCountriesInWhichEntityOperates	20	country
CY2016Q1	us-gaap	Number Of Reportable Segments NumberOfReportableSegments	2	segment
CY2015Q1	us-gaap	Operating Expenses OperatingExpenses	106935000	USD
CY2016Q1	us-gaap	Operating Expenses OperatingExpenses	112999000	USD
CY2015Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	148420000	USD
CY2016Q1	us-gaap	Operating Income Loss OperatingIncomeLoss	142181000	USD
CY2015Q4	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	96121000	USD
CY2016Q1	us-gaap	Other Accrued Liabilities Current OtherAccruedLiabilitiesCurrent	116050000	USD
CY2015Q4	us-gaap	Other Assets Current OtherAssetsCurrent	33524000	USD
CY2016Q1	us-gaap	Other Assets Current OtherAssetsCurrent	40266000	USD
CY2015Q4	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	32909000	USD
CY2016Q1	us-gaap	Other Assets Noncurrent OtherAssetsNoncurrent	35575000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	-85814000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Before Tax Portion Attributable To Parent OtherComprehensiveIncomeLossBeforeTaxPortionAttributableToParent	26235000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	-87931000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Before Tax OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentBeforeTax	32211000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	-86099000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent	27622000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax	-3822000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentBeforeTax	3783000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	285000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Loss Tax Portion Attributable To Parent1 OtherComprehensiveIncomeLossTaxPortionAttributableToParent1	-1387000	USD
CY2015Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-1705000	USD
CY2016Q1	us-gaap	Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Before Tax OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodBeforeTax	-2193000	USD
CY2015Q4	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	23923000	USD
CY2016Q1	us-gaap	Other Liabilities Noncurrent OtherLiabilitiesNoncurrent	23643000	USD
CY2015Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-472000	USD
CY2016Q1	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-8000	USD
CY2015Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	0	USD
CY2016Q1	us-gaap	Payments For Repurchase Of Common Stock PaymentsForRepurchaseOfCommonStock	133738000	USD
CY2015Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	5780000	USD
CY2016Q1	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	7355000	USD
CY2015Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	14565000	USD
CY2016Q1	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	9006000	USD
CY2015Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	75713000	USD
CY2016Q1	us-gaap	Payments To Acquire Businesses Net Of Cash Acquired PaymentsToAcquireBusinessesNetOfCashAcquired	210000	USD
CY2015Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	8458000	USD
CY2016Q1	us-gaap	Payments To Acquire Property Plant And Equipment PaymentsToAcquirePropertyPlantAndEquipment	8504000	USD
CY2015Q4	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	55765000	USD
CY2016Q1	us-gaap	Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent	59553000	USD
CY2015Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2016Q1	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	1000000	shares
CY2015Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2016Q1	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2015Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2016Q1	us-gaap	Preferred Stock Value PreferredStockValue	0	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Long Term Debt And Capital Securities Net ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet	111700000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Long Term Debt And Capital Securities Net ProceedsFromIssuanceOfLongTermDebtAndCapitalSecuritiesNet	195000000	USD
CY2015Q1	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	397000	USD
CY2016Q1	us-gaap	Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions	515000	USD
CY2015Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	138000	USD
CY2016Q1	us-gaap	Proceeds From Sale Of Property Plant And Equipment ProceedsFromSaleOfPropertyPlantAndEquipment	84000	USD
CY2014Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	87849000	USD
CY2015Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	85184000	USD
CY2015Q4	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	92064000	USD
CY2016Q1	us-gaap	Product Warranty Accrual ProductWarrantyAccrual	95632000	USD
CY2015Q4	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	72678000	USD
CY2016Q1	us-gaap	Product Warranty Accrual Classified Current ProductWarrantyAccrualClassifiedCurrent	77318000	USD
CY2015Q1	us-gaap	Product Warranty Accrual Currency Translation Increase Decrease ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease	-1661000	USD
CY2016Q1	us-gaap	Product Warranty Accrual Currency Translation Increase Decrease ProductWarrantyAccrualCurrencyTranslationIncreaseDecrease	-25000	USD
CY2015Q4	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	19386000	USD
CY2016Q1	us-gaap	Product Warranty Accrual Noncurrent ProductWarrantyAccrualNoncurrent	18314000	USD
CY2015Q1	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	7367000	USD
CY2016Q1	us-gaap	Product Warranty Accrual Payments ProductWarrantyAccrualPayments	7287000	USD
CY2015Q1	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	6363000	USD
CY2016Q1	us-gaap	Product Warranty Accrual Warranties Issued ProductWarrantyAccrualWarrantiesIssued	10880000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	717295000	USD
CY2016Q1	us-gaap	Property Plant And Equipment Gross PropertyPlantAndEquipmentGross	730531000	USD
CY2015Q4	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	353193000	USD
CY2016Q1	us-gaap	Property Plant And Equipment Net PropertyPlantAndEquipmentNet	353873000	USD
CY2015Q1	us-gaap	Sales Revenue Net SalesRevenueNet	818594000	USD
CY2016Q1	us-gaap	Sales Revenue Net SalesRevenueNet	772031000	USD
CY2015Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	84771000	USD
CY2016Q1	us-gaap	Selling General And Administrative Expense SellingGeneralAndAdministrativeExpense	89751000	USD
CY2015Q1	us-gaap	Share Based Compensation ShareBasedCompensation	8763000	USD
CY2016Q1	us-gaap	Share Based Compensation ShareBasedCompensation	5510000	USD
CY2015Q4	us-gaap	Provision For Loss On Contracts ProvisionForLossOnContracts	11800000	USD
CY2016Q1	us-gaap	Provision For Loss On Contracts ProvisionForLossOnContracts	13100000	USD
CY2015Q1	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	211847000	USD
CY2016Q1	us-gaap	Repayments Of Long Term Debt And Capital Securities RepaymentsOfLongTermDebtAndCapitalSecurities	85453000	USD
CY2015Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	16863000	USD
CY2016Q1	us-gaap	Research And Development Expense ResearchAndDevelopmentExpense	17953000	USD
CY2015Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	2280801000	USD
CY2016Q1	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	2367609000	USD
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeitures Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeituresWeightedAverageGrantDateFairValue	69.66
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriodWeightedAverageGrantDateFairValue	61.33
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	65.89
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedWeightedAverageGrantDateFairValue	70.90
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Weighted Average Grant Date Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodWeightedAverageGrantDateFairValue	50.89
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.0014
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate	0.0026
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.273
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate	0.269
CY2015Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0182
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate	0.0147
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber	942015	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice	27.17
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Exercises In Period Total Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisesInPeriodTotalIntrinsicValue	1216000	USD
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod	4471	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod	93765	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	42154000	USD
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue	52735000	USD
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	1097323	shares
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber	1165052	shares
CY2015Q4	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	32.70
CY2016Q1	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice	35.04
CY2016Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice	23.90
CY2016Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice	68.03
CY2016Q1	us-gaap	Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice	61.33
CY2015Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y
CY2016Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1	P5Y
CY2016Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1	50051000	USD
CY2016Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1	P4Y2M12D
CY2015	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P4Y9M18D
CY2016Q1	us-gaap	Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2 SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2	P5Y
CY2015Q4	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	103800000	USD
CY2016Q1	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	144127000	USD
CY2016Q1	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	144100000	USD
CY2015Q1	us-gaap	Undistributed Earnings UndistributedEarnings	90383000	USD
CY2016Q1	us-gaap	Undistributed Earnings UndistributedEarnings	86808000	USD
CY2015Q4	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	10600000	USD
CY2016Q1	us-gaap	Unrecognized Tax Benefits UnrecognizedTaxBenefits	10600000	USD
CY2016Q1	wab	Share Based Compensation Arrangement By Share Based Payment Award Options Granted Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantedIntrinsicValue	1779000	USD
CY2015Q1	wab	Undistributed Earnings Allocated To Common Shareholders UndistributedEarningsAllocatedToCommonShareholders	90021000	USD
CY2016Q1	wab	Undistributed Earnings Allocated To Common Shareholders UndistributedEarningsAllocatedToCommonShareholders	86548000	USD
CY2016Q1	us-gaap	Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit	2100000	USD
CY2016Q1	us-gaap	Stock Issued During Period Shares Stock Options Exercised StockIssuedDuringPeriodSharesStockOptionsExercised	21565	shares
CY2015Q4	us-gaap	Stockholders Equity StockholdersEquity	1699607000	USD
CY2016Q1	us-gaap	Stockholders Equity StockholdersEquity	1676561000	USD
CY2015Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1701339000	USD
CY2016Q1	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	1678386000	USD
CY2015Q4	us-gaap	Treasury Stock Shares TreasuryStockShares	40513428	shares
CY2016Q1	us-gaap	Treasury Stock Shares TreasuryStockShares	42245398	shares
CY2015Q4	us-gaap	Treasury Stock Value TreasuryStockValue	775124000	USD
CY2016Q1	us-gaap	Treasury Stock Value TreasuryStockValue	906088000	USD
CY2015Q4	us-gaap	Unbilled Receivables Current UnbilledReceivablesCurrent	103814000	USD
CY2015Q4	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	4300000	USD
CY2016Q1	us-gaap	Unrecognized Tax Benefits That Would Impact Effective Tax Rate UnrecognizedTaxBenefitsThatWouldImpactEffectiveTaxRate	4300000	USD
CY2015Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	97385000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	92149000	shares
CY2015Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	96243000	shares
CY2016Q1	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	91258000	shares
CY2015Q1	wab	Basic Weighted Average Common Shares Outstanding And Non Vested Restricted Stock Expected To Vest BasicWeightedAverageCommonSharesOutstandingAndNonVestedRestrictedStockExpectedToVest	96607000	shares
CY2016Q1	wab	Basic Weighted Average Common Shares Outstanding And Non Vested Restricted Stock Expected To Vest BasicWeightedAverageCommonSharesOutstandingAndNonVestedRestrictedStockExpectedToVest	91543000	shares
CY2015Q3	wab	Business Acquisition Consolidated Revenue After Acquisition BusinessAcquisitionConsolidatedRevenueAfterAcquisition	4500000000	USD
CY2015Q1	wab	Business Acquisition Pro Forma Gross Profit BusinessAcquisitionProFormaGrossProfit	261919000	USD
CY2016Q1	wab	Business Acquisition Pro Forma Gross Profit BusinessAcquisitionProFormaGrossProfit	255180000	USD
CY2015Q3	wab	Convertible Preferred Stock Conversion Period ConvertiblePreferredStockConversionPeriod	P3Y
CY2015Q1	wab	Dividends Declared Common Shares DividendsDeclaredCommonShares	5759000	USD
CY2016Q1	wab	Dividends Declared Common Shares DividendsDeclaredCommonShares	7332000	USD
CY2015Q1	wab	Increase Decrease In Accrued Liabilities And Customer Deposits IncreaseDecreaseInAccruedLiabilitiesAndCustomerDeposits	-16468000	USD
CY2016Q1	wab	Increase Decrease In Accrued Liabilities And Customer Deposits IncreaseDecreaseInAccruedLiabilitiesAndCustomerDeposits	-12832000	USD
CY2015Q1	wab	Interest Expense And Other Net InterestExpenseAndOtherNet	7172000	USD
CY2016Q1	wab	Interest Expense And Other Net InterestExpenseAndOtherNet	4717000	USD
CY2015Q1	wab	Numerator For Basic And Diluted Earnings Per Common Share NumeratorForBasicAndDilutedEarningsPerCommonShare	95780000	USD
CY2016Q1	wab	Numerator For Basic And Diluted Earnings Per Common Share NumeratorForBasicAndDilutedEarningsPerCommonShare	93880000	USD
CY2015Q4	wab	Other Assets Non Current Including Goodwill And Intangible Assets Net OtherAssetsNonCurrentIncludingGoodwillAndIntangibleAssetsNet	1331975000	USD
CY2016Q1	wab	Other Assets Non Current Including Goodwill And Intangible Assets Net OtherAssetsNonCurrentIncludingGoodwillAndIntangibleAssetsNet	1340347000	USD
CY2015Q1	wab	Percentage Of Net Income Allocated To Common Shareholders PercentageOfNetIncomeAllocatedToCommonShareholders	0.996
CY2016Q1	wab	Percentage Of Net Income Allocated To Common Shareholders PercentageOfNetIncomeAllocatedToCommonShareholders	0.997
CY2016Q1	wab	Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Net Performance Adjustment Weighted Average Net Performance Adjustment Fair Value ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNetPerformanceAdjustmentWeightedAverageNetPerformanceAdjustmentFairValue	75.66
CY2016Q1	wab	Share Based Compensation Arrangement By Share Based Payment Award Options Canceled Intrinsic Value ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsCanceledIntrinsicValue	55000	USD
CY2016Q1	us-gaap	Nature Of Operations NatureOfOperations	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">BUSINESS </font></div><div style="line-height:120%;padding-top:8px;text-align:left;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Westinghouse Air Brake Technologies Corporation (“Wabtec”) is one of the world’s largest providers of value-added, technology-based products and services for the global rail industry. Our products are found on virtually all U.S. locomotives, freight cars and passenger transit vehicles, as well as in more than </font><font style="font-family:inherit;font-size:10pt;">100</font><font style="font-family:inherit;font-size:10pt;"> countries throughout the world. Our products enhance safety, improve productivity and reduce maintenance costs for customers, and many of our core products and services are essential in the safe and efficient operation of freight rail and passenger transit vehicles. Wabtec is a global company with operations in </font><font style="font-family:inherit;font-size:10pt;">20</font><font style="font-family:inherit;font-size:10pt;"> countries. In the first </font><font style="font-family:inherit;font-size:10pt;">three</font><font style="font-family:inherit;font-size:10pt;"> months of </font><font style="font-family:inherit;font-size:10pt;">2016</font><font style="font-family:inherit;font-size:10pt;">, about </font><font style="font-family:inherit;font-size:10pt;">48%</font><font style="font-family:inherit;font-size:10pt;"> of the Company’s revenues came from customers outside the U.S.</font></div></div>
CY2016Q1	us-gaap	Prior Period Reclassification Adjustment Description PriorPeriodReclassificationAdjustmentDescription	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain prior year amounts have been reclassified, where necessary, to conform to the current year presentation. </font></div></div>
CY2016Q1	us-gaap	Use Of Estimates UseOfEstimates	<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;text-align:left;text-indent:37px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with generally accepted accounting principles in the United States requires the Company to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of revenues and expenses during the reporting period. Actual amounts could differ from the estimates. On an ongoing basis, management reviews its estimates based on currently available information. Changes in facts and circumstances may result in revised estimates. </font></div></div>

Files In Submission

Name	View Source	Status
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0001628280-16-014887-index.html	Edgar Link	pending
0001628280-16-014887.txt	Edgar Link	pending
0001628280-16-014887-xbrl.zip	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
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$WAB
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP Stock $wab

2016 Q1 Form 10-Q Financial Statement

#000162828016014887 Filed on April 28, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WAB WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP Stock $wab

2016 Q1 Form 10-Q Financial Statement

#000162828016014887 Filed on April 28, 2016

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$WAB
WESTINGHOUSE AIR BRAKE TECHNOLOGIES CORP Stock $wab