$WAT
WATERS CORP /DE/

2019 Q2 Form 10-Q Financial Statement

#000119312519137001 Filed on May 03, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2019 Q1 2018 Q4
Revenue $599.2M $513.9M $715.0M
YoY Change 0.5% -3.17% 4.04%
Cost Of Revenue $249.5M $221.0M $286.9M
YoY Change 2.62% -0.19% 6.07%
Gross Profit $349.6M $292.8M $428.2M
YoY Change -0.99% -5.32% 2.72%
Gross Profit Margin 58.34% 56.98% 59.88%
Selling, General & Admin $133.2M $134.3M $142.9M
YoY Change -2.52% 3.02% -3.73%
% of Gross Profit 38.1% 45.88% 33.37%
Research & Development $36.50M $35.06M $38.11M
YoY Change 2.4% 1.68% 8.5%
% of Gross Profit 10.44% 11.97% 8.9%
Depreciation & Amortization $28.80M $12.01M $25.70M
YoY Change 5.88% -25.35% -7.55%
% of Gross Profit 8.24% 4.1% 6.0%
Operating Expenses $172.0M $169.4M $181.0M
YoY Change -0.17% 2.74% -1.39%
Operating Profit $177.6M $121.2M $244.5M
YoY Change -0.89% -16.09% 6.05%
Interest Expense -$5.600M $11.56M $11.68M
YoY Change -147.9% -16.44% -23.59%
% of Operating Profit -3.15% 9.54% 4.77%
Other Income/Expense, Net -$300.0K -$525.0K -$45.50M
YoY Change -83.59% -251.73% 11162.62%
Pretax Income $171.7M $117.4M $197.8M
YoY Change -1.64% -16.49% -12.37%
Income Tax $27.30M $8.392M $12.65M
% Of Pretax Income 15.9% 7.15% 6.4%
Net Earnings $144.4M $109.0M $185.2M
YoY Change -7.26% -2.65% -152.43%
Net Earnings / Revenue 24.1% 21.21% 25.9%
Basic Earnings Per Share $1.52 $2.48
Diluted Earnings Per Share $2.078M $1.51 $2.46
COMMON SHARES
Basic Shares Outstanding 69.48M 71.70M 74.80M shares
Diluted Shares Outstanding 72.42M 75.35M shares

Balance Sheet

Concept 2019 Q2 2019 Q1 2018 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $675.8M $1.167B $1.735B
YoY Change -69.94% -54.26% -48.87%
Cash & Equivalents $588.0M $685.0M $796.3M
Short-Term Investments $87.80M $482.3M $938.9M
Other Short-Term Assets $74.60M $68.94M $68.05M
YoY Change -10.21% -18.05% -5.89%
Inventory $351.6M $333.3M $291.6M
Prepaid Expenses
Receivables $518.5M $508.3M $568.3M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.620B $2.078B $2.663B
YoY Change -48.13% -39.57% -37.63%
LONG-TERM ASSETS
Property, Plant & Equipment $459.9M $356.0M $343.1M
YoY Change 36.99% 1.9% -1.77%
Goodwill $356.6M $355.6M
YoY Change -1.57% -1.17%
Intangibles $243.4M $246.9M
YoY Change 5.04% 8.1%
Long-Term Investments
YoY Change
Other Assets $142.6M $121.2M $118.7M
YoY Change 16.55% 12.79% 1.66%
Total Long-Term Assets $1.203B $1.172B $1.064B
YoY Change 16.32% 11.52% 0.95%
TOTAL ASSETS
Total Short-Term Assets $1.620B $2.078B $2.663B
Total Long-Term Assets $1.203B $1.172B $1.064B
Total Assets $2.823B $3.250B $3.727B
YoY Change -32.11% -27.61% -29.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $67.40M $72.37M $68.17M
YoY Change -5.32% 2.44% 5.63%
Accrued Expenses $83.00M $25.21M $23.01M
YoY Change 68.7% -43.23% -71.98%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $100.3M $100.3M $200.0K
YoY Change 19960.0% 24975.0% -99.8%
Total Short-Term Liabilities $611.7M $603.3M $448.9M
YoY Change 28.8% 12.9% -25.94%
LONG-TERM LIABILITIES
Long-Term Debt $1.048B $1.048B $1.148B
YoY Change -8.67% -15.98% -39.49%
Other Long-Term Liabilities $213.3M $75.04M $76.35M
YoY Change 184.85% 10.4% 21.91%
Total Long-Term Liabilities $1.262B $1.679B $1.711B
YoY Change -26.12% -8.78% -31.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $611.7M $603.3M $448.9M
Total Long-Term Liabilities $1.262B $1.679B $1.711B
Total Liabilities $2.267B $2.282B $2.160B
YoY Change 3.85% -3.9% -30.1%
SHAREHOLDERS EQUITY
Retained Earnings $6.104B $5.995B
YoY Change 10.72% 10.91%
Common Stock $1.874B $1.836B
YoY Change 5.23% 5.13%
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.902B $6.146B
YoY Change 35.58% 27.83%
Treasury Stock Shares $90.69M $87.36M
Shareholders Equity $556.2M $967.7M $1.567B
YoY Change
Total Liabilities & Shareholders Equity $2.823B $3.250B $3.727B
YoY Change -32.11% -27.61% -29.99%

Cashflow Statement

Concept 2019 Q2 2019 Q1 2018 Q4
OPERATING ACTIVITIES
Net Income $144.4M $109.0M $185.2M
YoY Change -7.26% -2.65% -152.43%
Depreciation, Depletion And Amortization $28.80M $12.01M $25.70M
YoY Change 5.88% -25.35% -7.55%
Cash From Operating Activities $127.0M $175.8M $181.5M
YoY Change 25.99% -0.04% -5.52%
INVESTING ACTIVITIES
Capital Expenditures -$39.50M -$25.70M -$31.90M
YoY Change 89.9% 60.63% 5.63%
Acquisitions
YoY Change
Other Investing Activities $390.6M $459.7M $457.5M
YoY Change 17.86% -49.58% -550.3%
Cash From Investing Activities $351.1M $434.0M $425.6M
YoY Change 13.04% -51.55% -422.91%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $753.1M
YoY Change 166.71%
Debt Paid & Issued, Net $80.00K
YoY Change -99.99%
Cash From Financing Activities -571.6M -723.1M -493.1M
YoY Change 56.99% -28.12% 1920.9%
NET CHANGE
Cash From Operating Activities 127.0M 175.8M 181.5M
Cash From Investing Activities 351.1M 434.0M 425.6M
Cash From Financing Activities -571.6M -723.1M -493.1M
Net Change In Cash -93.50M -111.3M 114.0M
YoY Change -297.67% -250.01% 217.55%
FREE CASH FLOW
Cash From Operating Activities $127.0M $175.8M $181.5M
Capital Expenditures -$39.50M -$25.70M -$31.90M
Free Cash Flow $166.5M $201.5M $213.4M
YoY Change 36.92% 5.02% -4.0%

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CY2019Q1 us-gaap Payments To Acquire Investments
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CY2018Q1 us-gaap Payments To Acquire Investments
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CY2018Q1 us-gaap Proceeds From Sale Maturity And Collections Of Investments
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CY2019Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018Q1 us-gaap Net Cash Provided By Used In Investing Activities
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CY2018Q1 us-gaap Proceeds From Issuance Of Long Term Debt
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CY2018Q1 us-gaap Repayments Of Long Term Debt
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CY2019Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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CY2018Q1 us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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CY2019Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2018Q1 us-gaap Payments For Repurchase Of Common Stock
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CY2019Q1 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
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-2254000
CY2018Q1 us-gaap Payments For Proceeds From Derivative Instrument Financing Activities
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-1937000
CY2019Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2018Q1 us-gaap Net Cash Provided By Used In Financing Activities
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CY2019Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2018Q1 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2019Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2018Q1 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CY2019Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
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CY2018Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci Pension And Other Postretirement Benefit Plans Before Tax
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CY2018Q1 us-gaap Payments To Acquire Other Investments
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CY2019Q1 us-gaap Additional Cash And Cash Equivalent Related Text
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Cash equivalents represent highly liquid investments, with original maturities of 90 days or less, while investments with longer maturities are classified as investments
CY2019Q1 us-gaap Cash Cash Equivalents And Short Term Investments
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CY2018Q4 us-gaap Cash Cash Equivalents And Short Term Investments
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CY2019Q1 us-gaap Description Of Foreign Currency Exposure
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The Company is a global company that operates in over 35 countries and, as a result, the Company’s net sales, cost of sales, operating expenses and balance sheet amounts are significantly impacted by fluctuations in foreign currency exchange rates.
CY2019Q1 us-gaap Description Of Foreign Currency Derivative Activities
DescriptionOfForeignCurrencyDerivativeActivities
The Company periodically aggregates its net worldwide balances by currency and then enters into foreign currency exchange contracts that mature within 90 days to hedge a portion of the remaining balance to minimize some of the Company’s currency price risk exposure. The foreign currency exchange contracts are not designated for hedge accounting treatment.
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CY2019Q1 us-gaap Provision For Doubtful Accounts
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CY2018Q1 us-gaap Provision For Doubtful Accounts
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CY2019Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2018Q1 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
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CY2019Q1 us-gaap Fair Value Liabilities Measured On Recurring Basis Obligations
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CY2019Q1 us-gaap Liabilities Fair Value Disclosure
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CY2019Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
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CY2019Q1 us-gaap Available For Sale Securities
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CY2017Q4 us-gaap Standard Product Warranty Accrual Current
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CY2019Q1 us-gaap Standard Product Warranty Accrual Current
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CY2018Q1 us-gaap Standard Product Warranty Accrual Payments
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CY2018Q1 us-gaap Standard Product Warranty Accrual Current
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CY2019Q1 us-gaap Available For Sale Securities Amortized Cost
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CY2019Q1 us-gaap Available For Sale Securities Debt Securities
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CY2018Q4 us-gaap Available For Sale Securities Debt Securities
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CY2018Q4 us-gaap Available For Sale Securities
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CY2019Q1 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
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CY2019Q1 us-gaap Assets Fair Value Disclosure
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CY2019Q1 us-gaap Inventory Work In Process Net Of Reserves
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CY2018Q4 us-gaap Inventory Net
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CY2018Q4 us-gaap Contract With Customer Liability
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CY2019Q1 us-gaap Contract With Customer Liability Revenue Recognized
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CY2018Q1 us-gaap Contract With Customer Liability Revenue Recognized
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CY2019Q1 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
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CY2018Q1 us-gaap Contract With Customer Liability Change In Timeframe Performance Obligation Satisfied Revenue Recognized
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CY2019Q1 us-gaap Contract With Customer Liability
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CY2018Q1 us-gaap Contract With Customer Liability
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CY2019Q1 us-gaap Revenue Remaining Performance Obligation
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CY2019Q1 us-gaap Revenue Remaining Performance Obligation
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CY2019Q1 us-gaap Revenue Remaining Performance Obligation
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CY2019Q1 us-gaap Other Assets Fair Value Disclosure
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CY2018Q4 us-gaap Other Assets Fair Value Disclosure
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CY2019Q1 wat Intangible Assets Gross Foreign Currency Translation Adjustments
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CY2019Q1 wat Intangible Assets Accumulated Amortization Foreign Currency Translation Adjustments
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CY2018Q1 us-gaap Standard Product Warranty Accrual Warranties Issued
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1767000
CY2019Q1 us-gaap Revenue Performance Obligation Description Of Payment Terms
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Payment terms and conditions vary among the Company’s revenue streams, although terms generally include a requirement of payment within 30 to 60 days of product shipment.
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CY2019Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2019Q1 us-gaap Revenue Remaining Performance Obligation Expected Timing Of Satisfaction Period1
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CY2019Q1 us-gaap Intangible Assets Gross Excluding Goodwill
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CY2019Q1 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2018Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
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CY2019Q1 us-gaap Line Of Credit
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CY2018Q4 us-gaap Line Of Credit
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CY2019Q1 us-gaap Deferred Finance Costs Net
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CY2018Q4 us-gaap Deferred Finance Costs Net
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CY2019Q1 us-gaap Long Term Debt
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CY2018Q4 us-gaap Long Term Debt
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CY2019Q1 us-gaap Debt And Capital Lease Obligations
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CY2018Q4 us-gaap Debt And Capital Lease Obligations
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CY2019Q1 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
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CY2019Q1 us-gaap Line Of Credit Facility Interest Rate During Period
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CY2018 us-gaap Line Of Credit Facility Interest Rate During Period
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CY2019Q1 us-gaap Income Tax Holiday Aggregate Dollar Amount
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CY2018Q1 us-gaap Income Tax Holiday Aggregate Dollar Amount
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CY2019Q1 us-gaap Income Tax Holiday Income Tax Benefits Per Share
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CY2018Q1 us-gaap Income Tax Holiday Income Tax Benefits Per Share
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CY2019Q1 us-gaap Effective Income Tax Rate Continuing Operations
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0.071
CY2018Q1 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.203
CY2019Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.52
CY2019Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
711000
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
108986000
CY2019Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.51
CY2018Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.42
CY2018Q1 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
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832000
CY2018Q1 wat Earnings Per Share Diluted Adjustment
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CY2018Q1 us-gaap Net Income Loss Available To Common Stockholders Diluted
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111951000
CY2018Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.40
CY2019Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
100000
CY2018Q1 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
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300000
CY2019Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
513862000
CY2018Q1 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
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530670000
CY2019Q1 wat Increase Decrease In Tax Assets And Liabilities Related To Tax Cuts And Jobs Act Of2017
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CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
2233788000
CY2018Q4 us-gaap Stockholders Equity
StockholdersEquity
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CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
21436000
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
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CY2018Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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1565000
CY2018Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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22709000
CY2019Q1 us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
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CY2019Q1 us-gaap Stock Issued During Period Value Stock Options Exercised
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CY2019Q1 us-gaap Number Of Operating Segments
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CY2019Q1 us-gaap Number Of Reportable Segments
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CY2019Q1 us-gaap Finite Lived Intangible Asset Useful Life
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CY2018 us-gaap Finite Lived Intangible Asset Useful Life
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CY2018Q1 wat Increase Decrease In Tax Assets And Liabilities Related To Tax Cuts And Jobs Act Of2017
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CY2019Q1 us-gaap Unrecognized Tax Benefits
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CY2018Q1 us-gaap Unrecognized Tax Benefits
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CY2019Q1 us-gaap Allocated Share Based Compensation Expense
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CY2018Q1 us-gaap Allocated Share Based Compensation Expense
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<div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 12pt;">The Company&#8217;s interim fiscal quarter typically ends on the thirteenth Saturday of each quarter. Since the Company&#8217;s fiscal year end is December&#160;31, the first and fourth fiscal quarters may have more or less than thirteen complete weeks. The Company&#8217;s first fiscal quarters for 2019 and 2018 ended on March&#160;30, 2019 and March&#160;31, 2018, respectively.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2019Q1 us-gaap Use Of Estimates
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<div style="font-family: 'times new roman', 'serif';font-size: 10pt;margin-bottom: 0;margin-top: 12pt;">The preparation of consolidated financial statements in conformity with GAAP requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent liabilities at the dates of the financial statements. Actual amounts may differ from these estimates under different assumptions or conditions.</div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
CY2018Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2019Q1 us-gaap Treasury Stock Value Acquired Cost Method
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CY2019Q1 us-gaap Stockholders Equity
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CY2018Q1 us-gaap New Accounting Pronouncement Or Change In Accounting Principle Effect Of Adoption Quantification
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CY2019Q1 us-gaap Operating Lease Liability
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Two
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Three
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Four
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
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CY2019Q1 us-gaap Lessee Operating Lease Liability Payments Due
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CY2019Q1 us-gaap Operating Lease Liability
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CY2019Q1 us-gaap Operating Lease Right Of Use Asset
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CY2019Q1 wat Allowance For Doubtful Accounts Additional Narrative Disclosure
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Past due balances over 90&#160;days and over a specified amount are reviewed individually for collectibility.
CY2019Q1 us-gaap Operating Lease Right Of Use Asset
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CY2018Q4 us-gaap Accrued Liabilities Current
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CY2018Q4 us-gaap Accrued Income Taxes Noncurrent
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CY2019Q1 us-gaap Operating Lease Liability Noncurrent
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CY2019Q1 wat Percentage Of Workforce Reduction
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CY2019Q1 us-gaap Severance Costs1
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CY2018Q1 us-gaap Income Tax Reconciliation Other Adjustments
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CY2018Q1 wat Percentage Point Change In Effective Tax Rate Relating To Infrequent Income Tax Items
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CY2019Q1 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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43000
CY2018Q1 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
83000
CY2019Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
325000
CY2018Q1 us-gaap Unrecognized Tax Benefits Increases Resulting From Current Period Tax Positions
UnrecognizedTaxBenefitsIncreasesResultingFromCurrentPeriodTaxPositions
177000
CY2019Q1 wat Tax Cuts And Jobs Act Of2017 Income Tax Expense Benefit
TaxCutsAndJobsActOf2017IncomeTaxExpenseBenefit
3000000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
28417000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
23424000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
16032000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
11816000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
23269000
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
102958000
CY2019Q1 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P4Y9M18D
CY2019Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
9000000
CY2019Q1 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0395
CY2019Q1 us-gaap Operating Lease Payments
OperatingLeasePayments
9000000
CY2018Q1 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
7000000
CY2019Q1 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
222263000
CY2018Q4 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
164965000
CY2019Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
69475245
CY2018 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0125
CY2019Q1 wat Percentage Point Change In Effective Tax Rate Relating To Infrequent Income Tax Items
PercentagePointChangeInEffectiveTaxRateRelatingToInfrequentIncomeTaxItems
-0.029

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