$WST
WEST PHARMACEUTICAL SERVICES INC

2018 Q2 Form 10-Q Financial Statement

#000010577018000032 Filed on July 31, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $447.5M $397.6M
YoY Change 12.55% 2.47%
Cost Of Revenue $305.3M $272.6M
YoY Change 12.0% 7.03%
Gross Profit $142.2M $125.0M
YoY Change 13.76% -6.23%
Gross Profit Margin 31.78% 31.44%
Selling, General & Admin $70.00M $61.30M
YoY Change 14.19% -1.92%
% of Gross Profit 49.23% 49.04%
Research & Development $10.80M $10.00M
YoY Change 8.0% 13.64%
% of Gross Profit 7.59% 8.0%
Depreciation & Amortization $25.50M $23.50M
YoY Change 8.51% 3.52%
% of Gross Profit 17.93% 18.8%
Operating Expenses $80.80M $71.30M
YoY Change 13.32% 0.0%
Operating Profit $60.30M $42.00M
YoY Change 43.57% -31.37%
Interest Expense $2.200M $2.200M
YoY Change 0.0% 10.0%
% of Operating Profit 3.65% 5.24%
Other Income/Expense, Net $1.700M $600.0K
YoY Change 183.33%
Pretax Income $60.10M $40.70M
YoY Change 47.67% -31.6%
Income Tax $6.000M $2.900M
% Of Pretax Income 9.98% 7.13%
Net Earnings $56.10M $38.80M
YoY Change 44.59% -13.2%
Net Earnings / Revenue 12.54% 9.76%
Basic Earnings Per Share $0.76 $0.53
Diluted Earnings Per Share $0.75 $0.51
COMMON SHARES
Basic Shares Outstanding 73.60M shares 73.90M shares
Diluted Shares Outstanding 75.00M shares 75.80M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $225.5M $226.6M
YoY Change -0.49% 11.79%
Cash & Equivalents $225.5M $226.6M
Short-Term Investments
Other Short-Term Assets $36.50M $37.50M
YoY Change -2.67% -5.78%
Inventory $208.2M $211.3M
Prepaid Expenses
Receivables $296.7M $242.4M
Other Receivables $0.00 $0.00
Total Short-Term Assets $766.9M $717.8M
YoY Change 6.84% 8.89%
LONG-TERM ASSETS
Property, Plant & Equipment $826.7M $811.8M
YoY Change 1.84% 9.53%
Goodwill $106.6M $105.8M
YoY Change 0.76% 0.86%
Intangibles $21.70M $22.90M
YoY Change -5.24% -8.03%
Long-Term Investments $78.40M $70.20M
YoY Change 11.68% 9.18%
Other Assets $21.50M $16.00M
YoY Change 34.38% -28.89%
Total Long-Term Assets $1.107B $1.125B
YoY Change -1.64% 7.58%
TOTAL ASSETS
Total Short-Term Assets $766.9M $717.8M
Total Long-Term Assets $1.107B $1.125B
Total Assets $1.874B $1.843B
YoY Change 1.67% 8.09%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $126.2M $130.9M
YoY Change -3.59% 21.99%
Accrued Expenses $57.30M $50.40M
YoY Change 13.69% -16.97%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $33.80M
YoY Change 1252.0%
Total Short-Term Liabilities $287.6M $289.0M
YoY Change -0.48% 20.72%
LONG-TERM LIABILITIES
Long-Term Debt $196.4M $195.7M
YoY Change 0.36% -14.5%
Other Long-Term Liabilities $42.40M $46.60M
YoY Change -9.01% -9.86%
Total Long-Term Liabilities $238.8M $242.3M
YoY Change -1.44% -13.65%
TOTAL LIABILITIES
Total Short-Term Liabilities $287.6M $289.0M
Total Long-Term Liabilities $238.8M $242.3M
Total Liabilities $591.8M $600.6M
YoY Change -1.47% 0.82%
SHAREHOLDERS EQUITY
Retained Earnings $1.258B $1.148B
YoY Change 9.58% 13.24%
Common Stock $18.80M $18.70M
YoY Change 0.53% 1.63%
Preferred Stock
YoY Change
Treasury Stock (at cost) $155.9M $64.80M
YoY Change 140.59% 394.66%
Treasury Stock Shares 1.800M shares 800.0K shares
Shareholders Equity $1.282B $1.242B
YoY Change
Total Liabilities & Shareholders Equity $1.874B $1.843B
YoY Change 1.67% 8.09%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $56.10M $38.80M
YoY Change 44.59% -13.2%
Depreciation, Depletion And Amortization $25.50M $23.50M
YoY Change 8.51% 3.52%
Cash From Operating Activities $82.00M $85.30M
YoY Change -3.87% 11.94%
INVESTING ACTIVITIES
Capital Expenditures $20.20M $29.50M
YoY Change -31.53% -15.71%
Acquisitions
YoY Change
Other Investing Activities $3.200M -$6.000M
YoY Change -153.33% -21.05%
Cash From Investing Activities -$17.00M -$35.50M
YoY Change -52.11% -16.67%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -25.70M 2.300M
YoY Change -1217.39% -131.08%
NET CHANGE
Cash From Operating Activities 82.00M 85.30M
Cash From Investing Activities -17.00M -35.50M
Cash From Financing Activities -25.70M 2.300M
Net Change In Cash 39.30M 52.10M
YoY Change -24.57% 98.85%
FREE CASH FLOW
Cash From Operating Activities $82.00M $85.30M
Capital Expenditures $20.20M $29.50M
Free Cash Flow $61.80M $55.80M
YoY Change 10.75% 35.44%

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125000000 USD
us-gaap Gross Profit
GrossProfit
259200000 USD
CY2018Q2 us-gaap Gross Profit
GrossProfit
142200000 USD
us-gaap Gross Profit
GrossProfit
276600000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
40700000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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2200000 USD
CY2017Q2 us-gaap Investment Income Net
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300000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
600000 USD
CY2018Q2 us-gaap Investment Income Net
InvestmentIncomeNet
300000 USD
us-gaap Investment Income Net
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900000 USD
CY2017Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
85800000 USD
CY2018Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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91800000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
582900000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
100200000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
60100000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
113800000 USD
CY2017Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1000000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4600000 USD
CY2018Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2000000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
4400000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2900000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5100000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
6000000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
18500000 USD
CY2017Q2 us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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3500000 USD
us-gaap Income Tax Reconciliation Repatriation Of Foreign Earnings
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3500000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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3600000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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3400000 USD
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1900000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
2100000 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1400000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1400000 shares
CY2017Q4 us-gaap Intangible Assets Net Excluding Goodwill
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21700000 USD
CY2018Q2 us-gaap Intangible Assets Net Excluding Goodwill
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21700000 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
2200000 USD
us-gaap Interest Expense
InterestExpense
4300000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
2200000 USD
us-gaap Interest Expense
InterestExpense
4100000 USD
CY2017Q4 us-gaap Inventory Finished Goods Net Of Reserves
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94800000 USD
CY2018Q2 us-gaap Inventory Finished Goods Net Of Reserves
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79000000 USD
CY2017Q4 us-gaap Inventory Net
InventoryNet
215200000 USD
CY2018Q2 us-gaap Inventory Net
InventoryNet
208200000 USD
CY2018Q1 us-gaap Inventory Net
InventoryNet
194400000 USD
CY2017Q4 us-gaap Inventory Raw Materials Net Of Reserves
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88600000 USD
CY2018Q2 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
90200000 USD
CY2017Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
31800000 USD
CY2018Q2 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
39000000 USD
CY2018Q2 us-gaap Liabilities
Liabilities
591800000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
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1862800000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
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1873700000 USD
CY2017Q4 us-gaap Liabilities Current
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279500000 USD
CY2018Q2 us-gaap Liabilities Current
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287600000 USD
CY2017Q4 us-gaap Liabilities Fair Value Disclosure
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19900000 USD
CY2018Q2 us-gaap Liabilities Fair Value Disclosure
LiabilitiesFairValueDisclosure
22900000 USD
CY2017Q4 us-gaap Long Term Debt
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197000000 USD
CY2018Q2 us-gaap Long Term Debt
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196400000 USD
CY2017Q4 us-gaap Long Term Debt Fair Value
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201500000 USD
CY2018Q2 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
194600000 USD
CY2017Q4 us-gaap Long Term Debt Noncurrent
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197000000 USD
CY2018Q2 us-gaap Long Term Debt Noncurrent
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196400000 USD
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
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2400000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
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12300000 USD
CY2017Q4 us-gaap Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
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800000 shares
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1279900000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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1281900000 USD
CY2018Q2 us-gaap Treasury Stock Acquired Average Cost Per Share
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88.03
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-70200000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-45700000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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106000000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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127000000 USD
us-gaap Number Of Reportable Segments
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2 segment
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
42000000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
102500000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
60300000 USD
us-gaap Operating Income Loss
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113700000 USD
CY2017Q4 us-gaap Other Assets Current
OtherAssetsCurrent
39200000 USD
CY2018Q2 us-gaap Other Assets Current
OtherAssetsCurrent
36500000 USD
CY2018Q1 us-gaap Other Assets Current
OtherAssetsCurrent
30800000 USD
CY2017Q4 us-gaap Other Assets Noncurrent
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23400000 USD
CY2018Q2 us-gaap Other Assets Noncurrent
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21500000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-5400000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
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-5100000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
0 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-3000000 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
-2900000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
0 USD
us-gaap Other Comprehensive Income Loss Available For Sale Securities Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesTax
0 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-27600000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-2900000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
-1200000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
700000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
2900000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
-1100000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
-300000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
300000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesTax
1100000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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36300000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
42200000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
-49600000 USD
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
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-29600000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
27200000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
35000000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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800000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
900000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
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-1000000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Net Of Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansAdjustmentNetOfTax
-300000 USD
CY2017Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
-300000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
400000 USD
us-gaap Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax
OtherComprehensiveIncomeLossPensionAndOtherPostretirementBenefitPlansTax
100000 USD
CY2017Q4 us-gaap Other Liabilities Current
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CY2018Q2 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
86200000 USD
CY2018Q1 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
63300000 USD
CY2017Q4 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
42600000 USD
CY2018Q2 us-gaap Other Liabilities Noncurrent
OtherLiabilitiesNoncurrent
42400000 USD
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37700000 USD
us-gaap Other Noncash Income Expense
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57000000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
30500000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
600000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1400000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1700000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
3300000 USD
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us-gaap Other Operating Income Expense Net
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CY2018Q2 us-gaap Other Operating Income Expense Net
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1200000 USD
us-gaap Other Operating Income Expense Net
OtherOperatingIncomeExpenseNet
1500000 USD
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0 USD
us-gaap Other Restructuring Costs
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0 USD
CY2018Q2 us-gaap Other Restructuring Costs
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600000 USD
us-gaap Other Restructuring Costs
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1800000 USD
us-gaap Payment For Contingent Consideration Liability Operating Activities
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0 USD
us-gaap Payment For Contingent Consideration Liability Operating Activities
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500000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
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us-gaap Payments For Proceeds From Other Investing Activities
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us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
26900000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
70800000 USD
us-gaap Payments Of Dividends Common Stock
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19100000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
20700000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3800000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4400000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
67000000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
48200000 USD
CY2017Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
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2200000 USD
CY2018Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Current Liabilities
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2200000 USD
CY2017Q4 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
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53400000 USD
CY2018Q2 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
53600000 USD
CY2017Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2018Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
3000000 shares
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2017Q4 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2018Q2 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
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us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
29500000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
10900000 USD
CY2017Q2 us-gaap Profit Loss
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38800000 USD
us-gaap Profit Loss
ProfitLoss
99700000 USD
CY2018Q2 us-gaap Profit Loss
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56100000 USD
us-gaap Profit Loss
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99700000 USD
CY2017Q4 us-gaap Property Plant And Equipment Gross
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1745800000 USD
CY2018Q2 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1737000000 USD
CY2017Q4 us-gaap Property Plant And Equipment Net
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855000000 USD
CY2018Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
826700000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
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us-gaap Repayments Of Long Term Debt And Capital Securities
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1200000 USD
us-gaap Repayments Of Long Term Debt And Capital Securities
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0 USD
CY2017Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10000000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20300000 USD
CY2018Q2 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10800000 USD
us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
20400000 USD
CY2017Q4 us-gaap Restricted Cash
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0 USD
CY2018Q2 us-gaap Restricted Cash
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0 USD
CY2017Q2 us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
0 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
0 USD
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2200000 USD
us-gaap Restructuring And Related Cost Incurred Cost
RestructuringAndRelatedCostIncurredCost
5500000 USD
CY2018Q2 us-gaap Restructuring Charges
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2200000 USD
us-gaap Restructuring Charges
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5500000 USD
CY2017Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1178200000 USD
CY2018Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1258000000 USD
CY2018Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
1189600000 USD
CY2017Q2 us-gaap Sales Revenue Net
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397600000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
785300000 USD
CY2018Q2 us-gaap Sales Revenue Net
SalesRevenueNet
447500000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
863200000 USD
CY2017Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
61300000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
123800000 USD
CY2018Q2 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
70000000 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
138300000 USD
CY2017Q2 us-gaap Severance Costs1
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0 USD
us-gaap Severance Costs1
SeveranceCosts1
0 USD
CY2018Q2 us-gaap Severance Costs1
SeveranceCosts1
1300000 USD
us-gaap Severance Costs1
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3300000 USD
us-gaap Share Based Compensation
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9000000 USD
us-gaap Share Based Compensation
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9400000 USD
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
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0.007
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.198
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0269
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Available For Grant
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAvailableForGrant
3748019 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod
477501 shares
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
20.06
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
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90.10
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P5Y7M
us-gaap Treasury Stock Acquired Average Cost Per Share
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88.51
CY2017Q4 us-gaap Treasury Stock Shares
TreasuryStockShares
1300000 shares
CY2018Q2 us-gaap Treasury Stock Shares
TreasuryStockShares
1800000 shares
CY2018Q2 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
260000 shares
us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
800000 shares
CY2017Q4 us-gaap Treasury Stock Value
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109100000 USD
CY2018Q2 us-gaap Treasury Stock Value
TreasuryStockValue
155900000 USD
CY2018Q2 us-gaap Treasury Stock Value Acquired Cost Method
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22900000 USD
us-gaap Treasury Stock Value Acquired Cost Method
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70800000 USD
CY2017Q4 us-gaap Unamortized Debt Issuance Expense
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700000 USD
CY2018Q2 us-gaap Unamortized Debt Issuance Expense
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600000 USD
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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75800000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75700000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75000000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75200000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73900000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73600000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73600000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73800000 shares
wst Contractwith Customer Asset Increase Decrease
ContractwithCustomerAssetIncreaseDecrease
-1500000 USD
CY2017Q2 wst Developmentandlicensingincome
Developmentandlicensingincome
400000 USD
wst Developmentandlicensingincome
Developmentandlicensingincome
800000 USD
CY2018Q2 wst Developmentandlicensingincome
Developmentandlicensingincome
200000 USD
wst Developmentandlicensingincome
Developmentandlicensingincome
400000 USD
CY2017Q2 wst Other Income Expense
OtherIncomeExpense
-11700000 USD
wst Other Income Expense
OtherIncomeExpense
-12600000 USD
CY2018Q2 wst Other Income Expense
OtherIncomeExpense
-1100000 USD
wst Other Income Expense
OtherIncomeExpense
-4200000 USD
CY2018Q1 wst Tax Cutsand Jobs Actof2017 Incomplete Accounting Changein Tax Rate Provisional Income Tax Expense
TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateProvisionalIncomeTaxExpense
300000 USD
CY2018Q2 wst Tax Cutsand Jobs Actof2017 Incomplete Accounting Changein Tax Rate Provisional Income Tax Expense
TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateProvisionalIncomeTaxExpense
4800000 USD
wst Tax Cutsand Jobs Actof2017 Incomplete Accounting Changein Tax Rate Provisional Income Tax Expense
TaxCutsandJobsActof2017IncompleteAccountingChangeinTaxRateProvisionalIncomeTaxExpense
4800000 USD

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