SEC Info - Ametek Inc - ‘10-K’ for 12/31/19

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.02M 
 2: EX-3.2      Articles of Incorporation/Organization or Bylaws    HTML    160K 
 3: EX-21       Subsidiaries List                                   HTML     98K 
 4: EX-23       Consent of Experts or Counsel                       HTML     37K 
 5: EX-31.1     Certification -- §302 - SOA'02                      HTML     41K 
 6: EX-31.2     Certification -- §302 - SOA'02                      HTML     41K 
 7: EX-32.1     Certification -- §906 - SOA'02                      HTML     36K 
 8: EX-32.2     Certification -- §906 - SOA'02                      HTML     36K 
81: R1          Cover Page                                          HTML     96K 
39: R2          Consolidated Statement of Income                    HTML     85K 
57: R3          Consolidated Statement of Comprehensive Income      HTML     80K 
116: R4          Consolidated Statement of Comprehensive Income      HTML     50K  
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79: R5          Consolidated Balance Sheet                          HTML    122K 
37: R6          Consolidated Balance Sheet (Parenthetical)          HTML     52K 
54: R7          Consolidated Statement of Stockholders' Equity      HTML    112K 
119: R8          Consolidated Statement of Stockholders' Equity      HTML     51K  
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77: R9          Consolidated Statement of Cash Flows                HTML    117K 
52: R10         Significant Accounting Policies                     HTML     82K 
34: R11         Recent Accounting Pronouncements                    HTML     54K 
84: R12         Revenues                                            HTML    284K 
122: R13         Fair Value Measurements                             HTML     63K  
51: R14         Hedging Activities                                  HTML     41K 
33: R15         Acquisitions                                        HTML     77K 
83: R16         Goodwill and Other Intangible Assets                HTML    121K 
121: R17         Other Consolidated Balance Sheet Information        HTML    114K  
50: R18         Income Taxes                                        HTML    206K 
35: R19         Debt                                                HTML    104K 
86: R20         Share-Based Compensation                            HTML    160K 
97: R21         Retirement Plans and Other Postretirement Benefits  HTML    444K 
59: R22         Contingencies                                       HTML     52K 
15: R23         Leases and Other Commitments                        HTML     90K 
85: R24         Reportable Segments and Geographic Areas            HTML    145K 
                Information                                                      
96: R25         Additional Consolidated Income Statement and Cash   HTML     38K 
                Flow Information                                                 
58: R26         Stockholders' Equity                                HTML     42K 
14: R27         Quarterly Financial Data                            HTML    115K 
87: R28         Significant Accounting Policies (Policies)          HTML    133K 
95: R29         Significant Accounting Policies (Tables)            HTML     55K 
117: R30         Revenues (Tables)                                   HTML    280K  
80: R31         Fair Value Measurements (Tables)                    HTML     57K 
36: R32         Acquisitions (Tables)                               HTML     66K 
53: R33         Goodwill and Other Intangible Assets (Tables)       HTML    123K 
118: R34         Other Consolidated Balance Sheet Information        HTML    114K  
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82: R35         Income Taxes (Tables)                               HTML    196K 
38: R36         Debt (Tables)                                       HTML     93K 
56: R37         Share-Based Compensation (Tables)                   HTML    157K 
120: R38         Retirement Plans and Other Postretirement Benefits  HTML    450K  
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78: R39         Reportable Segments and Geographic Areas            HTML    145K 
                Information (Tables)                                             
103: R40         Leases and Other Commitments (Tables)               HTML     85K  
93: R41         Quarterly Financial Data (Tables)                   HTML    115K 
16: R42         Significant Accounting Policies - Additional        HTML     87K 
                Information (Detail)                                             
60: R43         Significant Accounting Policies - Number of         HTML     44K 
                Weighted Average Shares (Detail)                                 
104: R44         Recent Accounting Pronouncements - Additional       HTML     42K  
                Information (Detail)                                             
94: R45         Revenues - Outstanding Contract Asset and           HTML     48K 
                (Liability) Accounts (Detail)                                    
17: R46         Revenues - Additional Information (Detail)          HTML     46K 
61: R47         Revenues - Information about Operations in          HTML     99K 
                Different Geographic Areas (Detail)                              
105: R48         Revenues - Information about Operations in          HTML     44K  
                Different Geographic Areas (Parenthetical)                       
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92: R49         Revenues - Major Products and Services in           HTML     65K 
                Reportable Segments (Detail)                                     
75: R50         Revenues - Timing of Revenue Recognition (Detail)   HTML     62K 
115: R51         Revenues - Changes in Accrued Product Warranty      HTML     43K  
                Obligation (Detail)                                              
41: R52         Fair Value Measurements - Fair Value of Assets      HTML     39K 
                Measured on Recurring Basis (Detail)                             
25: R53         Fair Value Measurements - Additional Information    HTML     48K 
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74: R54         Fair Value Measurements - Fair Value Disclosures    HTML     41K 
                of Financial Instrument Liabilities (Detail)                     
113: R55         Hedging Activities - Additional Information         HTML     49K  
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40: R56         Acquisitions - Additional Information (Detail)      HTML    129K 
24: R57         Acquisitions - Allocation of Aggregate Purchase     HTML     69K 
                Price of Acquired Net Assets (Detail)                            
76: R58         Acquisitions - Allocation of Aggregate Purchase     HTML     43K 
                Price of Acquired Net Assets (Parenthetical)                     
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112: R59         Goodwill and Other Intangible Assets - Changes in   HTML     53K  
                Carrying Amounts of Goodwill by Segment (Detail)                 
66: R60         Goodwill and Other Intangible Assets - Other        HTML     57K 
                Intangible Assets (Detail)                                       
20: R61         Goodwill and Intangible Assets - Additional         HTML     52K 
                Information (Detail)                                             
90: R62         Other Consolidated Balance Sheet Information -      HTML    104K 
                Other Consolidated Balance Sheet Information                     
                (Detail)                                                         
101: R63         Income Taxes - Components of Income before Income   HTML     78K  
                Taxes and Details of Provision for Income Taxes                  
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65: R64         Income Taxes - Components of Deferred Tax (Asset)   HTML     80K 
                Liability (Detail)                                               
19: R65         Income Taxes - Reconciliation of Effective Tax      HTML     66K 
                Rate to U.S. Federal Statutory Rate (Detail)                     
89: R66         Income Taxes - Additional Information (Detail)      HTML    127K 
100: R67         Income Taxes - Reconciliation of Liability for      HTML     51K  
                Uncertain Tax Positions (Detail)                                 
62: R68         Debt - Long-term Debt (Detail)                      HTML     95K 
22: R69         Debt - Long-term Debt (Parenthetical) (Detail)      HTML    109K 
30: R70         Debt - Additional Information (Detail)              HTML     82K 
44: R71         Debt - Additional Information 1 (Detail)            HTML    142K 
108: R72         Debt - Additional Information 2 (Detail)            HTML     62K  
70: R73         Share-Based Compensation - Additional Information   HTML    104K 
                (Detail)                                                         
31: R74         Share-Based Compensation - Total Share-Based        HTML     44K 
                Compensation Expense (Detail)                                    
45: R75         Share-Based Compensation - Weighted Average         HTML     50K 
                Assumptions Used for Estimating Fair Values of                   
                Stock Options Granted (Detail)                                   
109: R76         Share-Based Compensation - Summary of Stock Option  HTML     76K  
                Activity and Related Information (Detail)                        
71: R77         Share-Based Compensation - Summary of Nonvested     HTML     53K 
                Stock Option Activity and Related Information                    
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27: R78         Share-Based Compensation - Summary of Nonvested     HTML     59K 
                Restricted Stock Activity and Related Information                
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49: R79         Retirement Plans and Other Postretirement Benefits  HTML    102K 
                - Additional Information (Detail)                                
29: R80         Retirement Plans and Other Postretirement Benefits  HTML     98K 
                - Net Projected Benefit Obligation and Fair Value                
                of Plan Assets for Funded and Unfunded Defined                   
                Benefit Plans (Detail)                                           
42: R81         Retirement Plans and Other Postretirement Benefits  HTML     48K 
                - Accumulated Benefit Obligation ("Abo") (Detail)                
106: R82         Retirement Plans and Other Postretirement Benefits  HTML     45K  
                - Weighted Average Assumptions Used to Determine                 
                Benefit Obligations (Detail)                                     
69: R83         Retirement Plans and Other Postretirement Benefits  HTML     73K 
                - Fair Value of Plan Assets (Detail)                             
32: R84         Retirement Plans and Other Postretirement Benefits  HTML     53K 
                - Fair Value of Plan Assets for Foreign Defined                  
                Benefit Pension Plans (Detail)                                   
46: R85         Retirement Plans and Other Postretirement Benefits  HTML     59K 
                - Summary of Changes of Fair Value of Foreign                    
                Plans' Investments Using Significant Unobservable                
                Inputs (Detail)                                                  
111: R86         Retirement Plans and Other Postretirement Benefits  HTML     52K  
                - Defined Benefit Plan, Plans with Benefit                       
                Obligations in Excess of Plan Assets (Detail)                    
72: R87         Retirement Plans and Other Postretirement Benefits  HTML     62K 
                - Funded Status of Plan and Amounts Recognized in                
                Balance Sheet (Detail)                                           
26: R88         Retirement Plans and Other Postretirement Benefits  HTML     46K 
                - Amounts Recognized in Accumulated Other                        
                Comprehensive Income, Net of Taxes (Detail)                      
48: R89         Retirement Plans and Other Postretirement Benefits  HTML     71K 
                - Components of Net Periodic Pension Benefit                     
                Expense (Income) (Detail)                                        
67: R90         Retirement Plans and Other Postretirement Benefits  HTML     48K 
                - Weighted Average Assumptions Used to Determine                 
                Net Periodic Pension Benefit Expense (Detail)                    
21: R91         Contingencies - Additional Information (Detail)     HTML     54K 
91: R92         Leases and Other Commitments - Additional           HTML     44K 
                Information (Detail)                                             
102: R93         Leases and Other Commitments - Components of Lease  HTML     42K  
                Expense (Detail)                                                 
64: R94         Leases and Other Commitments - Supplemental         HTML     43K 
                Balance Sheet Information Related to Leases                      
                (Detail)                                                         
18: R95         Leases and Other Commitments - Supplemental Cash    HTML     45K 
                Flow Information Related to Leases (Detail)                      
88: R96         Leases and Other Commitments - Maturities of lease  HTML     54K 
                liabilities (Detail)                                             
99: R97         Reportable Segments and Geographic Areas            HTML     36K 
                Information - Additional Information (Detail)                    
63: R98         Reportable Segments and Geographic Areas            HTML     90K 
                Information - Reportable Segment Financial                       
                Information (Detail)                                             
23: R99         Reportable Segments and Geographic Areas            HTML     37K 
                Information - Reportable Segment Financial                       
                Information (Parenthetical) (Detail)                             
68: R100        Reportable Segments and Geographic Areas            HTML     52K 
                Information - Information about Company's                        
                Operations in Different Geographic Areas (Detail)                
107: R101        Additional Consolidated Income Statement and Cash   HTML     44K  
                Flow Information - Additional Information (Detail)               
43: R102        Stockholders' Equity - Additional Information       HTML     63K 
                (Detail)                                                         
28: R103        Quarterly Financial Data - Quarterly Financial      HTML     62K 
                Data (Detail)                                                    
73: R104        Quarterly Financial Data - Quarterly Financial      HTML     38K 
                Data (Parenthetical) (Detail)                                    
114: XML         IDEA XML File -- Filing Summary                      XML    229K  
47: XML         XBRL Instance -- d878806d10k_htm                     XML   4.93M 
110: EXCEL       IDEA Workbook of Financial Reports                  XLSX    139K  
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55: JSON        XBRL Instance as JSON Data -- MetaLinks              553±   858K 
98: ZIP         XBRL Zipped Folder -- 0001193125-20-043133-xbrl      Zip    414K

‘R24’ — Reportable Segments and Geographic Areas Information

This is an IDEA Financial Report. [ Alternative Formats ]

Reportable Segments and Geographic Areas Information

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Reportable Segments and Geographic Areas Information

15. Reportable Segments and Geographic Areas Information

Descriptive Information about Reportable Segments

The Company has

two

reportable segments, EIG and EMG. The Company’s operating segments are identified based on the existence of segment managers. Certain of the Company’s operating segments have been aggregated for segment reporting purposes primarily on the basis of product type, production processes, distribution methods and similarity of economic characteristics.

EIG manufactures advanced instruments for the process, power and industrial, and aerospace markets. It provides process and analytical instruments for the oil and gas, petrochemical, pharmaceutical, semiconductor, automation, and food and beverage industries. EIG also provides instruments to the laboratory equipment, ultraprecision manufacturing, medical, and test and measurement markets. It makes power quality monitoring and metering devices, uninterruptible power supplies, programmable power equipment, electromagnetic compatibility test equipment and gas turbines sensors. EIG also provides dashboard instruments for heavy trucks and other vehicles, as well as instrumentation and controls for the food and beverage industries. It supplies the aerospace industry with aircraft and engine sensors, monitoring systems, power supplies, fuel and fluid measurement systems, and data acquisition systems.

EMG is a differentiated supplier of automation solutions, thermal management systems, specialty metals and electrical interconnects. It manufactures highly engineered electrical connectors and electronic packaging used to protect sensitive electronic devices. EMG also makes precision motion control products for data storage, medical devices, business equipment, automation and other applications. It supplies high-purity powdered metals, strip and foil, specialty clad metals and metal matrix composites. EMG also manufactures motors used in commercial appliances, fitness equipment, food and beverage machines, hydraulic pumps and industrial blowers. It produces motor-blower systems and heat exchangers used in thermal management and other applications on a variety of military and commercial aircraft and military ground vehicles. EMG also operates a global network of aviation maintenance, repair and overhaul facilities.

Measurement of Segment Results

Segment operating income represents net sales less all direct costs and expenses (including certain administrative and other expenses) applicable to each segment but does not include interest expense. Net sales by

segment are reported after elimination of intra- and intersegment sales and profits, which are insignificant in amount. Reported segment assets include allocations directly related to the segment’s operations. Corporate assets consist primarily of investments, prepaid pensions, insurance deposits and deferred taxes.

Reportable Segment Financial Information

	2019			2018			2017
	(In thousands)
Operating income and income before income taxes:
Segment operating income (1) :
Electronic Instruments	$	865,307		$	782,144		$	671,646
Electromechanical		387,931			363,765			306,779

Total segment operating income		1,253,238			1,145,909			978,425

Corporate administrative expenses		(75,858	)		(70,369	)		(74,805	)

Consolidated operating income		1,177,380			1,075,540			903,620
Interest and other expenses, net		(107,632	)		(87,795	)		(106,891	)

Consolidated income before income taxes	$	1,069,748		$	987,745		$	796,729

Assets:
Electronic Instruments	$	6,651,920		$	5,625,303
Electromechanical		2,818,155			2,685,674


Total segment assets		9,470,075			8,310,977
Corporate		374,484			351,311

Consolidated assets	$	9,844,559		$	8,662,288


Additions to property, plant and equipment (2) :
Electronic Instruments	$	74,994		$	110,858		$	54,321

Electromechanical		42,924			42,461			36,829


Total segment additions to property, plant and equipment		117,918			153,319			91,150

Corporate		4,770			3,496			3,002

Consolidated additions to property, plant and equipment	$	122,688		$	156,815		$	94,152

Depreciation and amortization:
Electronic Instruments	$	153,111		$	121,709		$	108,053
Electromechanical		78,664			75,801			73,222

Total segment depreciation and amortization		231,775			197,510			181,275
Corporate		2,267			1,980			1,952

Consolidated depreciation and amortization	$	234,042		$	199,490		$	183,227

(1)	Segment operating income represents net sales less all direct costs and expenses (including certain administrative and other expenses) applicable to each segment but does not include interest expense.

(2)	Includes $20.3 million in 2019, $74.6 million in 2018 and $19.1 million in 2017 from acquired businesses.

Geographic Areas

Information about the Company’s operations in different geographic areas for the years ended December 31, 2019 and 2018 is shown below.


	2019		2018
	(In thousands)

Long-lived assets from continuing operations (excluding intangible assets):
United States	$	370,144	$	380,855


International (1) :

United Kingdom		57,675		55,527

European Union countries		78,500		78,524

Asia		12,869		11,846

Other foreign countries		29,720		27,378


Total international		178,764		173,275

Total consolidated	$	548,908	$	554,130

(1)	Represents long-lived assets of foreign-based operations only.

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-K’ Filing	Date	Other Filings

Filed on:	2/20/20
For Period end:	12/31/19	11-K, 5, SD
	12/31/18	10-K, 11-K, 4, 4/A, SD
		List all Filings

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Filing Submission 0001193125-20-043133 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Ametek Inc – ‘10-K’ for 12/31/19 – ‘R24’

On: Thursday, 2/20/20, at 2:01pm ET · For: 12/31/19 · Accession #: 1193125-20-43133 · File #: 1-12981

Previous ‘10-K’: ‘10-K’ on 2/21/19 for 12/31/18 · Next: ‘10-K’ on 2/18/21 for 12/31/20 · Latest: ‘10-K’ on 2/22/24 for 12/31/23

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

‘R24’ — Reportable Segments and Geographic Areas Information

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Ametek Inc – ‘10-K’ for 12/31/19 – ‘R24’

On: Thursday, 2/20/20, at 2:01pm ET · For: 12/31/19 · Accession #: 1193125-20-43133 · File #: 1-12981

Previous ‘10-K’: ‘10-K’ on 2/21/19 for 12/31/18 · Next: ‘10-K’ on 2/18/21 for 12/31/20 · Latest: ‘10-K’ on 2/22/24 for 12/31/23

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘R24’ — Reportable Segments and Geographic Areas Information

This is an IDEA Financial Report. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Annual Report — Form 10-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents