2012 Form 10-K Financial Statement

#000143928812000008 Filed on May 10, 2012

View on sec.gov

Income Statement

Concept 2012 2011 Q1 2011
Revenue $1.944B $419.8M $1.675B
YoY Change 16.08% 10.92%
Cost Of Revenue $1.254B $274.7M $1.082B
YoY Change 15.86% 8.85%
Gross Profit $690.1M $145.1M $592.5M
YoY Change 16.47% 14.91%
Gross Profit Margin 35.5% 34.56% 35.38%
Selling, General & Admin $387.1M $80.10M $326.7M
YoY Change 18.49% 9.74%
% of Gross Profit 56.09% 55.2% 55.14%
Research & Development $15.40M $11.50M
YoY Change 33.91%
% of Gross Profit 2.23% 1.94%
Depreciation & Amortization $114.0M $79.60M $105.9M
YoY Change 7.65% 77.68%
% of Gross Profit 16.52% 54.86% 17.87%
Operating Expenses $402.5M $92.50M $338.2M
YoY Change 19.01% 13.6%
Operating Profit $245.3M $52.60M $217.2M
YoY Change 12.94% 34.57%
Interest Expense $176.2M -$44.50M $180.8M
YoY Change -2.54% -6.9%
% of Operating Profit 71.83% -84.6% 83.24%
Other Income/Expense, Net -$7.100M -$4.700M $1.100M
YoY Change -745.45% -106.71%
Pretax Income $21.30M $3.400M -$91.00M
YoY Change -123.41% -176.73%
Income Tax $9.400M $2.400M -$10.20M
% Of Pretax Income 44.13% 70.59%
Net Earnings $29.90M $1.000M -$51.30M
YoY Change -158.28% -158.23%
Net Earnings / Revenue 1.54% 0.24% -3.06%
Basic Earnings Per Share $0.45 -$0.77
Diluted Earnings Per Share $0.42 $0.01 -$0.77
COMMON SHARES
Basic Shares Outstanding 66.75M shares 66.76M shares
Diluted Shares Outstanding 72.07M shares 66.76M shares

Balance Sheet

Concept 2012 2011 Q1 2011
SHORT-TERM ASSETS
Cash & Short-Term Investments $524.1M $391.0M $298.0M
YoY Change 75.87% -23.79%
Cash & Equivalents $524.1M $391.0M $298.0M
Short-Term Investments
Other Short-Term Assets $46.40M $36.50M $62.10M
YoY Change -25.28% 70.14%
Inventory $326.2M $283.8M $320.3M
Prepaid Expenses
Receivables $350.4M $270.1M $337.9M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $1.247B $981.4M $1.018B
YoY Change 22.47% 3.76%
LONG-TERM ASSETS
Property, Plant & Equipment $410.7M $358.4M $419.2M
YoY Change -2.03% 16.96%
Goodwill $1.016B
YoY Change
Intangibles $644.7M
YoY Change
Long-Term Investments
YoY Change
Other Assets $84.10M $29.40M $91.60M
YoY Change -8.19% -7.47%
Total Long-Term Assets $2.227B $2.118B $2.273B
YoY Change -2.02% 7.28%
TOTAL ASSETS
Total Short-Term Assets $1.247B $981.4M $1.018B
Total Long-Term Assets $2.227B $2.118B $2.273B
Total Assets $3.474B $3.100B $3.291B
YoY Change 5.56% 6.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $208.3M $181.7M $215.6M
YoY Change -3.39% 18.66%
Accrued Expenses $120.2M $132.4M $127.7M
YoY Change -5.87% -3.55%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $169.3M $104.2M $10.30M
YoY Change 1543.69% -90.12%
Total Short-Term Liabilities $608.2M $497.8M $468.6M
YoY Change 29.79% -5.87%
LONG-TERM LIABILITIES
Long-Term Debt $1.962B $2.210B $2.413B
YoY Change -18.69% 9.21%
Other Long-Term Liabilities $249.6M $47.10M $244.0M
YoY Change 2.3% 8.3%
Total Long-Term Liabilities $2.212B $2.257B $2.657B
YoY Change -16.76% 9.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $608.2M $497.8M $468.6M
Total Long-Term Liabilities $2.212B $2.257B $2.657B
Total Liabilities $3.045B $3.188B $3.371B
YoY Change -9.66% 5.74%
SHAREHOLDERS EQUITY
Retained Earnings -$391.5M
YoY Change
Common Stock $700.0K
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost) $6.300M
YoY Change
Treasury Stock Shares
Shareholders Equity $428.5M -$88.20M -$79.90M
YoY Change
Total Liabilities & Shareholders Equity $3.474B $3.100B $3.291B
YoY Change 5.56% 6.17%

Cashflow Statement

Concept 2012 2011 Q1 2011
OPERATING ACTIVITIES
Net Income $29.90M $1.000M -$51.30M
YoY Change -158.28% -158.23%
Depreciation, Depletion And Amortization $114.0M $79.60M $105.9M
YoY Change 7.65% 77.68%
Cash From Operating Activities $139.3M $76.50M $164.5M
YoY Change -15.32% 5.79%
INVESTING ACTIVITIES
Capital Expenditures $58.50M $19.70M $37.60M
YoY Change 55.59% 70.91%
Acquisitions $256.8M -$1.200M
YoY Change -21500.0%
Other Investing Activities -$21.70M $2.100M -$265.7M
YoY Change -91.83% -12752.38%
Cash From Investing Activities -$324.2M -$17.60M -$35.50M
YoY Change 813.24% 61.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$2.100M $1.000M
YoY Change -310.0% 400.0%
Debt Paid & Issued, Net $762.0M $1.071B
YoY Change -28.86% 822.57%
Cash From Financing Activities $93.20M -5.400M -$6.900M
YoY Change -1450.72% -95.73%
NET CHANGE
Cash From Operating Activities $139.3M 76.50M $164.5M
Cash From Investing Activities -$324.2M -17.60M -$35.50M
Cash From Financing Activities $93.20M -5.400M -$6.900M
Net Change In Cash -$91.70M 53.50M $122.1M
YoY Change -175.1% -536.07%
FREE CASH FLOW
Cash From Operating Activities $139.3M $76.50M $164.5M
Capital Expenditures $58.50M $19.70M $37.60M
Free Cash Flow $80.80M $56.80M $126.9M
YoY Change -36.33% -4.94%

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CY2011Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
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CY2012Q1 us-gaap Pension And Other Postretirement Defined Benefit Plans Liabilities Noncurrent
PensionAndOtherPostretirementDefinedBenefitPlansLiabilitiesNoncurrent
160500000 USD
CY2012Q1 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
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CY2012Q1 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2011Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2012Q1 us-gaap Preferred Stock Value
PreferredStockValue
0 USD
CY2012 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
4500000 USD
CY2010 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2011 us-gaap Proceeds From Divestiture Of Businesses
ProceedsFromDivestitureOfBusinesses
0 USD
CY2012 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
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CY2011 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 USD
CY2010 us-gaap Proceeds From Divestiture Of Businesses Net Of Cash Divested
ProceedsFromDivestitureOfBusinessesNetOfCashDivested
0 USD
CY2012 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2100000 USD
CY2011 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-1000000 USD
CY2010 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-400000 USD
CY2011 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1145000000 USD
CY2012 us-gaap Proceeds From Issuance Of Long Term Debt
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937200000 USD
CY2010 us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
500000 USD
CY2010 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
USD
CY2011 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
CY2012 us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
23400000 USD
CY2011 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-63500000 USD
CY2012 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
CY2010 us-gaap Proceeds From Payments For Other Financing Activities
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0 USD
CY2010 us-gaap Proceeds From Sale Of Equity Method Investments
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0 USD
CY2012 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
CY2011 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
900000 USD
CY2010 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2011 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
0 USD
CY2012 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
5600000 USD
CY2010 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
0 USD
CY2011 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
2000000 USD
CY2012 us-gaap Proceeds From Short Term Debt
ProceedsFromShortTermDebt
10700000 USD
CY2011Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
358400000 USD
CY2012Q1 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
419200000 USD
CY2011 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
CY2010 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
36500000 USD
CY2012 us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
CY2010 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
116100000 USD
CY2012 us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
762000000 USD
CY2011 us-gaap Repayments Of Long Term Debt
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1071100000 USD
CY2011 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
2800000 USD
CY2012 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
105000000 USD
CY2010 us-gaap Repayments Of Short Term Debt
RepaymentsOfShortTermDebt
2800000 USD
CY2011 us-gaap Restructuring Charges
RestructuringCharges
0 USD
CY2012 us-gaap Restructuring Charges
RestructuringCharges
11400000 USD
CY2010 us-gaap Restructuring Charges
RestructuringCharges
6800000 USD
CY2011 us-gaap Restructuring Reserve Settled Without Cash
RestructuringReserveSettledWithoutCash
0 USD
CY2010 us-gaap Restructuring Reserve Settled Without Cash
RestructuringReserveSettledWithoutCash
400000 USD
CY2012 us-gaap Restructuring Reserve Settled Without Cash
RestructuringReserveSettledWithoutCash
4600000 USD
CY2012Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-361600000 USD
CY2011Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
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CY2010 us-gaap Sales Revenue Net
SalesRevenueNet
1510000000 USD
CY2012 us-gaap Sales Revenue Net
SalesRevenueNet
1969600000 USD
CY2011 us-gaap Sales Revenue Net
SalesRevenueNet
1699600000 USD
CY2012 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
389400000 USD
CY2011 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
329100000 USD
CY2010 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
297700000 USD
CY2011 us-gaap Share Based Compensation
ShareBasedCompensation
5600000 USD
CY2010 us-gaap Share Based Compensation
ShareBasedCompensation
5500000 USD
CY2012 us-gaap Share Based Compensation
ShareBasedCompensation
3700000 USD
CY2012 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
0 shares
CY2010 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
197594 shares
CY2011 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
358629 shares
CY2012 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
0 shares
CY2010 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
313542 shares
CY2011 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
424358 shares
CY2012 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 USD
CY2010 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
1500000 USD
CY2011 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
0 USD
CY2011 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
114474 shares
CY2012 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
0 shares
CY2010 us-gaap Stock Repurchased And Retired During Period Shares
StockRepurchasedAndRetiredDuringPeriodShares
72847 shares
CY2011Q1 us-gaap Stockholders Equity
StockholdersEquity
-88200000 USD
CY2012Q1 us-gaap Stockholders Equity
StockholdersEquity
-79900000 USD
CY2011Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-88200000 USD
CY2012Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
-80800000 USD
CY2011Q1 us-gaap Treasury Stock Value
TreasuryStockValue
6300000 USD
CY2012Q1 us-gaap Treasury Stock Value
TreasuryStockValue
6300000 USD
CY2012 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
72065000 shares
CY2010 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
69163000 shares
CY2011 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
66757000 shares
CY2012 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66751000 shares
CY2010 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66753000 shares
CY2011 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
66757000 shares
CY2012 dei Amendment Flag
AmendmentFlag
false
CY2012 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--03-31
CY2012 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q4
CY2012 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
CY2012 dei Document Period End Date
DocumentPeriodEndDate
2012-03-31
CY2012 dei Document Type
DocumentType
10-K
CY2012 dei Entity Central Index Key
EntityCentralIndexKey
0001439288
CY2012Q2 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
94442022 shares
CY2012 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2012 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2011Q4 dei Entity Public Float
EntityPublicFloat
15935016 USD
CY2012 dei Entity Registrant Name
EntityRegistrantName
REXNORD CORPORATION
CY2012 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2012 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No

Files In Submission

Name View Source Status
0001439288-12-000008-index-headers.html Edgar Link pending
0001439288-12-000008-index.html Edgar Link pending
0001439288-12-000008.txt Edgar Link pending
0001439288-12-000008-xbrl.zip Edgar Link pending
ex1010compensationforindep.htm Edgar Link pending
ex1016underwritingagreemen.htm Edgar Link pending
ex106bformofoptionagreement.htm Edgar Link pending
ex121computationofratioofe.htm Edgar Link pending
ex211listofsubsidiariesoft.htm Edgar Link pending
ex231consentofindependentr.htm Edgar Link pending
ex311certificationofceo331.htm Edgar Link pending
ex312certificationofcfo331.htm Edgar Link pending
ex321certificationofceocfo.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
R1.htm Edgar Link pending
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R3.htm Edgar Link pending
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R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
rexnordcorp10-kx33112.htm Edgar Link pending
rexnordcorplogo.jpg Edgar Link pending
rxn-20120331.xml Edgar Link completed
rxn-20120331.xsd Edgar Link pending
rxn-20120331_cal.xml Edgar Link unprocessable
rxn-20120331_def.xml Edgar Link unprocessable
rxn-20120331_lab.xml Edgar Link unprocessable
rxn-20120331_pre.xml Edgar Link unprocessable
Show.js Edgar Link pending