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Tables in the 10-Q of Veralto Corp

32 tables with numbers, filed Oct 26, 2023. Each one downloads as an Excel file or a CSV (numbers are stored as numbers), with the filing's address in the last row. Only the layout is tidied (a "$" or ")" in a cell of its own is joined to its number); no value is changed. Open the filing on sec.gov ↗

← Filings of VLTO

Table 1 after “FORM 10-Q”

Page
PART I -FINANCIAL INFORMATION
Item 1.Financial Statements
Combined Condensed Balance Sheets1
Combined Condensed Statements of Earnings2
Combined Condensed Statements of Comprehensive Income3
Combined Condensed Statements of Equity4
Combined Condensed Statements of Cash Flows6

First 8 of 18 rows. The download has all of them.

Table 2 after “(unaudited)”

September 29, 2023December 31, 2022
ASSETS
Current assets:
Cash and equivalents$426$—
Trade accounts receivable, less allowance for doubtful accounts of $36 and $34, respectively816816
Inventories:
Finished goods134145
Work in process4551

First 8 of 33 rows. The download has all of them.

Table 3 after “(unaudited)”

Three-Month Period EndedNine-Month Period Ended
September 29, 2023September 30, 2022September 29, 2023September 30, 2022
Sales$1,255$1,219$3,733$3,622
Cost of sales(532)(525)(1,578)(1,573)
Gross profit7236942,1552,049
Operating costs:
Selling, general and administrative expenses(395)(357)(1,133)(1,067)
Research and development expenses(55)(52)(168)(164)

First 8 of 19 rows. The download has all of them.

Table 4 after “(unaudited)”

Three-Month Period EndedNine-Month Period Ended
September 29, 2023September 30, 2022September 29, 2023September 30, 2022
Net earnings$205$218$639$629
Other comprehensive income (loss), net of income taxes:
Foreign currency translation adjustments(62)(97)(34)(212)
Pension and post-retirement plan benefit adjustments———1
Unrealized gain on net investment hedge3—3—
Total other comprehensive income (loss), net of income taxes(59)(97)(31)(211)

First 8 of 9 rows. The download has all of them.

Table 5 after “(unaudited)”

Common Stock
SharesAmountNet Parent InvestmentAccumulated Other Comprehensive Income (Loss)Total Parent’s EquityNoncontrolling Interests
Balance, June 30, 2023—$—$4,207$(926)$3,281$5
Net earnings for the period——205—205—
Recapitalization246.32(2)———
Consideration paid to Parent in connection with Separation——(2,600)—(2,600)—
Net transfers to Parent——198—198—
Other comprehensive income (loss)———(59)(59)—

First 8 of 18 rows. The download has all of them.

Table 6 after “Table of Contents”

Net Parent InvestmentAccumulated Other Comprehensive Income (Loss)Total Parent’s EquityNoncontrolling Interests
Balance, July 1, 2022$4,275$(1,001)$3,274$5
Net earnings for the period218—218—
Net transfers to Parent(214)—(214)—
Other comprehensive income (loss)—(97)(97)—
Parent common stock-based award activity8—8—
Balance, September 30, 2022$4,287$(1,098)$3,189$5
Balance, December 31, 2021$4,084$(887)$3,197$4

First 8 of 14 rows. The download has all of them.

Table 7 after “(unaudited)”

Nine-Month Period Ended
September 29, 2023September 30, 2022
Cash flows from operating activities:
Net earnings$639$629
Noncash items:
Depreciation2931
Amortization of intangible assets3638
Stock-based compensation expense3530

First 8 of 30 rows. The download has all of them.

Table 8 after “. Sales taxes and other usage-based taxes collected from customers are excluded from revenue.”

Water QualityProduct Quality & InnovationTotal
For the Three-Month Period Ended September 29, 2023:
Geographical region:
North America(a)$438$162$600
Western Europe131141272
Other developed markets(b)181230
High-growth markets(c)185168353
Total$772$483$1,255

First 8 of 23 rows. The download has all of them.

Table 9 after “Table of Contents”

Water QualityProduct Quality & InnovationTotal
For the Nine-Month Period Ended September 29, 2023:
Geographical region:
North America(a)$1,265$493$1,758
Western Europe396439835
Other developed markets(b)513990
High-growth markets(c)5455051,050
Total$2,257$1,476$3,733

First 8 of 23 rows. The download has all of them.

Table 10 after “Segment results are shown below ($ in millions):”

Three-Month Period EndedNine-Month Period Ended
September 29, 2023September 30, 2022September 29, 2023September 30, 2022
Sales:
Water Quality$772$741$2,257$2,131
Product Quality & Innovation4834781,4761,491
Total$1,255$1,219$3,733$3,622
Operating profit:
Water Quality$188$185$536$485

First 8 of 11 rows. The download has all of them.

Table 11 after “The following table summarizes the Company’s effective tax rate:”

Three-Month Period EndedNine-Month Period Ended
September 29, 2023September 30, 2022September 29, 2023September 30, 2022
Effective tax rate23.5%23.5%23.5%23.1%

Table 12 after “The following is a rollforward of the Company’s goodwill ($ in millions):”

Balance, December 31, 2022$2,476
Adjustments due to finalization of purchase price allocations1
Foreign currency translation and other3
Balance, September 29, 2023$2,480

Table 13 after “The carrying value of goodwill by segment is summarized as follows ($ in millions):”

September 29, 2023December 31, 2022
Water Quality$1,282$1,277
Product Quality & Innovation1,1981,199
Total$2,480$2,476

Table 14 after “The components of the Company’s debt were as follows ($ in millions):”

Outstanding Amount
Description and Aggregate Principal AmountSeptember 29, 2023
5.50% senior unsecured notes due 9/18/2026 ($700 million) (the "2026 Notes")$695
5.35% senior unsecured notes due 9/18/2028 ($700 million) (the "2028 Notes")694
4.15% senior unsecured notes due 9/19/2031 (€500 million) (the "2031 Notes")523
5.45% senior unsecured notes due 9/18/2033 ($700 million) (the "2033 Notes")692
Long-term debt$2,604

Table 15 after “The following table summarizes the notional values as of September 29, 2023 and pretax impact of changes in the fair values of instruments d”

Original Notional AmountNotional Amount OutstandingGain (Loss) Recognized in OCIAmounts Reclassified from OCI
For the Three and Nine-Month Periods Ended September 29, 2023:
Foreign currency denominated debt$523$523$4$—

Table 16 after “The following sets forth the components of the Company’s net periodic benefit cost of the non-U.S. noncontributory defined benefit pension p”

Three-Month Period EndedNine-Month Period Ended
September 29, 2023September 30, 2022September 29, 2023September 30, 2022
Service cost$(1)$(1)$(3)$(4)
Interest cost(1)(1)(3)(1)
Expected return on plan assets1132
Amortization of net loss———(1)
Net periodic cost$(1)$(1)$(3)$(4)

Table 17 after “Table of Contents”

Three-Month Period EndedNine-Month Period Ended
September 29, 2023September 30, 2022September 29, 2023September 30, 2022
RSUs/PSUs:
Pretax compensation expense$7$5$19$17
Income tax benefit—(1)(1)(3)
RSU/PSU and restricted share expense, net of income taxes741814
Stock options:
Pretax compensation expense631613

First 8 of 14 rows. The download has all of them.

Table 18 after “The changes in accumulated other comprehensive income (loss) by component are summarized below ($ in millions).”

Foreign Currency Translation AdjustmentsNet Investment HedgesPension and Postretirement Plan Benefit AdjustmentsAccumulated Comprehensive Income (Loss)
For the Three-Month Period Ended September 29, 2023
Balance, June 30, 2023$(940)$—$14$(926)
Other comprehensive income (loss):
Decrease(62)4—$(58)
Income tax impact—(1)—(1)
Net other comprehensive income (loss), net of income taxes(62)3—(59)
Balance, September 29, 2023$(1,002)$3$14$(985)

First 8 of 14 rows. The download has all of them.

Table 19 after “Table of Contents”

Foreign Currency Translation AdjustmentsNet Investment HedgesPension and Postretirement Plan Benefit AdjustmentsAccumulated Comprehensive Income (Loss)
For the Nine-Month Period Ended September 29, 2023:
Balance, December 31, 2022$(968)$—$14$(954)
Other comprehensive income (loss):
Decrease(34)4—(30)
Income tax impact—(1)—(1)
Net other comprehensive income (loss), net of income taxes(34)3—(31)
Balance, September 29, 2023$(1,002)$3$14$(985)

First 8 of 19 rows. The download has all of them.

Table 20 after “The amounts of related party expenses allocated to the Company from Parent and its subsidiaries for the three and nine-month periods ended S”

Three Month Period EndedNine-Month Period Ended
September 29, 2023September 30, 2022September 29, 2023September 30, 2022
Allocated Corporate Expenses$15$12$42$35
Directly related charges:
Insurance programs expenses2265
Medical insurance programs expenses23226465
Deferred compensation program expenses1—32
Total related-party expenses$41$36$115$107

Table 21 after “Sales Growth and Core Sales Growth”

% Change Three-Month Period Ended September 29, 2023 vs. Comparable 2022 Period% Change Nine-Month Period Ended September 29, 2023 vs. Comparable 2022 Period
Total sales growth GAAP3.0%3.0%
Impact of:
Acquisitions/divestitures(0.5)%(0.5)%
Currency exchange rates(1.5)%0.5%
Core sales growth (non-GAAP)1.0%3.0%

Table 22 after “Sales by business segment for each of the periods indicated were as follows ($ in millions):”

Three-Month Period EndedNine-Month Period Ended
September 29, 2023September 30, 2022September 29, 2023September 30, 2022
Water Quality$772$741$2,257$2,131
Product Quality & Innovation4834781,4761,491
Total$1,255$1,219$3,733$3,622

Table 23 after “Water Quality Selected Financial Data”

Three-Month Period EndedNine-Month Period Ended
($ in millions)September 29, 2023September 30, 2022September 29, 2023September 30, 2022
Sales$772$741$2,257$2,131
Operating profit188185536485
Depreciation661819
Amortization of intangible assets541516
Operating profit as a % of sales24.4%25.0%23.7%22.8%
Depreciation as a % of sales0.8%0.8%0.8%0.9%

First 8 of 9 rows. The download has all of them.

Table 24 after “Sales Growth and Core Sales Growth”

% Change Three-Month Period Ended September 29, 2023 vs. Comparable 2022 Period% Change Nine-Month Period Ended September 29, 2023 vs. Comparable 2022 Period
Total sales growth GAAP4.0%6.0%
Impact of:
Currency exchange rates(1.0)%—%
Core sales growth (non-GAAP)3.0%6.0%

Table 25 after “Product Quality & Innovation Selected Financial Data”

Three-Month Period EndedNine-Month Period Ended
($ in millions)September 29, 2023September 30, 2022September 29, 2023September 30, 2022
Sales$483$478$1,476$1,491
Operating profit99109356364
Depreciation341112
Amortization of intangible assets772122
Operating profit as a % of sales20.5%22.8%24.1%24.4%
Depreciation as a % of sales0.6%0.8%0.7%0.8%

First 8 of 9 rows. The download has all of them.

Table 26 after “Sales Growth (Decline) and Core Sales Decline”

% Change Three-Month Period Ended September 29, 2023 vs. Comparable 2022 Period% Change Nine-Month Period Ended September 29, 2023 vs. Comparable 2022 Period
Total sales growth (decline) GAAP1.0%(1.0)%
Impact of:
Acquisitions/divestitures(1.0)%(1.0)%
Currency exchange rates(2.5)%0.5%
Core sales decline (non-GAAP)(2.5)%(1.5)%

Table 27 after “COST OF SALES AND GROSS PROFIT”

Three-Month Period EndedNine-Month Period Ended
($ in millions)September 29, 2023September 30, 2022September 29, 2023September 30, 2022
Sales$1,255$1,219$3,733$3,622
Cost of sales(532)(525)(1,578)(1,573)
Gross profit$723$694$2,155$2,049
Gross profit margin57.6%56.9%57.7%56.6%

Table 28 after “OPERATING EXPENSES”

Three-Month Period EndedNine-Month Period Ended
($ in millions)September 29, 2023September 30, 2022September 29, 2023September 30, 2022
Sales$1,255$1,219$3,733$3,622
Selling, general and administrative (“SG&A”) expenses(395)(357)(1,133)(1,067)
Research and development (“R&D”) expenses(55)(52)(168)(164)
SG&A as a % of sales31.5%29.3%30.4%29.5%
R&D as a % of sales4.4%4.3%4.5%4.5%

Table 29 after “The following table summarizes the Company’s effective tax rate:”

Three-Month Period EndedNine-Month Period Ended
September 29, 2023September 30, 2022September 29, 2023September 30, 2022
Effective tax rate23.5%23.5%23.5%23.1%

Table 30 after “Following is an overview of the Company’s cash flows and liquidity ($ in millions):”

Nine-Month Period Ended
($ in millions)September 29, 2023September 30, 2022
Net cash provided by operating activities$700$533
Cash paid for acquisitions$—$(51)
Payments for additions to property, plant and equipment(32)(26)
Proceeds from sales of property, plant and equipment2—
Net cash used in investing activities$(33)$(77)
Net proceeds from borrowings (maturities longer than 90 days)$2,608$—

First 8 of 11 rows. The download has all of them.

Table 31 after “Exhibits:”

2.1Separation and Distribution Agreement, dated as of September 29, 2023, by and between Veralto Corporation and Danaher Corporation (incorporated by reference to Exhibit 2.1 to Veralto Corporation’s Current Report on Form 8-K filed October 2, 2023)
3.1Amended and Restated Certificate of Incorporation of Veralto Corporation (incorporated by reference to Exhibit 3.1 to Veralto Corporation’s Current Report on Form 8-K filed October 2, 2023)
3.2Amended and Restated Bylaws of Veralto Corporation (incorporated by reference to Exhibit 3.2 to Veralto Corporation’s Current Report on Form 8-K filed October 2, 2023)
4.1Indenture, dated as of September 18, 2023, between Veralto Corporation, as issuer, and Deutsche Bank Trust Company Americas, a New York banking corporation, as trustee (incorporated by reference to Exhibit 4.1 to Veralto Corporation’s Current Report on Form 8-K filed September 19, 2023)
4.2Registration Rights Agreement, dated as of September 18, 2023, by and among Veralto Corporation and Barclays Capital Inc., BNP Paribas Securities Corp., BofA Securities, Inc., Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC, as representatives of the initial purchasers of the USD Notes (incorporated by reference to Exhibit 4.2 to Veralto Corporation’s Current Report on Form 8-K filed September 19, 2023)
4.3Indenture, dated as of September 19, 2023, between Veralto Corporation, as issuer, and Deutsche Bank Trust Company Americas, a New York banking corporation, as trustee (incorporated by reference to Exhibit 4.3 to Veralto Corporation’s Current Report on Form 8-K filed September 19, 2023)
4.4Registration Rights Agreement, dated as of September 19, 2023, by and among Veralto Corporation and Deutsche Bank AG, London Branch and Goldman Sachs & Co. LLC, as representatives of the initial purchasers of the Euro Notes (incorporated by reference to Exhibit 4.4 to Veralto Corporation’s Current Report on Form 8-K filed September 19, 2023)
10.1Employee Matters Agreement, dated as of September 29, 2023, by and between Veralto Corporation and Danaher Corporation (incorporated by reference to Exhibit 10.1 to Veralto Corporation’s Current Report on Form 8-K filed October 2, 2023)

First 8 of 20 rows. The download has all of them.

Table 32 after “Table of Contents”

32.1Certification of Chief Executive Officer, Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2Certification of Chief Financial Officer, Pursuant to 18 U.S.C. Section 1350, As Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INSInline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
101.SCHInline XBRL Taxonomy Extension Schema Document
101.CALInline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEFInline XBRL Taxonomy Extension Definition Linkbase Document
101.LABInline XBRL Taxonomy Extension Label Linkbase Document
101.PREInline XBRL Taxonomy Extension Presentation Linkbase Document

First 8 of 9 rows. The download has all of them.