Company Quick10K Filing
Diebold Nixdorf
Price11.42 EPS-4
Shares77 P/E-3
MCap877 P/FCF119
Net Debt1,848 EBIT-112
TEV2,725 TEV/EBIT-24
TTM 2019-09-30, in MM, except price, ratios
10-Q 2020-06-30 Filed 2020-07-31
10-Q 2020-03-31 Filed 2020-05-05
10-K 2019-12-31 Filed 2020-02-26
10-Q 2019-09-30 Filed 2019-10-29
10-Q 2019-06-30 Filed 2019-07-30
10-Q 2019-03-31 Filed 2019-04-30
10-K 2018-12-31 Filed 2019-03-01
10-Q 2018-09-30 Filed 2018-11-08
10-Q 2018-06-30 Filed 2018-08-06
10-Q 2018-03-31 Filed 2018-05-02
10-K 2017-12-31 Filed 2018-02-28
10-Q 2017-09-30 Filed 2017-10-31
10-Q 2017-06-30 Filed 2017-07-26
10-Q 2017-03-31 Filed 2017-05-04
10-K 2016-12-31 Filed 2017-02-24
10-Q 2016-09-30 Filed 2016-11-14
10-Q 2016-06-30 Filed 2016-07-28
10-Q 2016-03-31 Filed 2016-04-28
10-K 2015-12-31 Filed 2016-02-29
10-Q 2015-09-30 Filed 2015-10-29
10-Q 2015-06-30 Filed 2015-07-30
10-Q 2015-03-31 Filed 2015-04-30
10-K 2014-12-31 Filed 2015-02-17
10-Q 2014-09-30 Filed 2014-10-30
10-Q 2014-06-30 Filed 2014-08-06
10-Q 2014-03-31 Filed 2014-05-05
10-K 2013-12-31 Filed 2014-03-03
10-Q 2013-09-30 Filed 2013-11-12
10-Q 2013-06-30 Filed 2013-08-14
10-Q 2013-03-31 Filed 2013-05-01
10-K 2012-12-31 Filed 2013-02-15
10-Q 2012-09-30 Filed 2012-11-09
10-Q 2012-06-30 Filed 2012-08-02
10-Q 2012-03-31 Filed 2012-04-30
10-K 2011-12-31 Filed 2012-02-17
10-Q 2011-09-30 Filed 2011-11-01
10-Q 2011-06-30 Filed 2011-08-08
10-Q 2011-03-31 Filed 2011-05-04
10-K 2010-12-31 Filed 2011-02-22
10-Q 2010-09-30 Filed 2010-11-05
10-Q 2010-06-30 Filed 2010-08-09
10-Q 2010-03-31 Filed 2010-05-06
10-K 2009-12-31 Filed 2010-03-01
8-K 2020-07-30 Earnings, Exhibits
8-K 2020-07-20 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2020-07-09 Other Events, Exhibits
8-K 2020-07-07 Other Events, Exhibits
8-K 2020-05-05
8-K 2020-05-01
8-K 2020-03-16
8-K 2020-02-11
8-K 2019-12-10
8-K 2019-12-04
8-K 2019-10-29
8-K 2019-08-07
8-K 2019-07-25
8-K 2019-07-25
8-K 2019-07-24
8-K 2019-04-30
8-K 2019-04-25
8-K 2019-04-14
8-K 2019-02-22
8-K 2019-02-13
8-K 2019-01-28
8-K 2019-01-14
8-K 2019-01-03
8-K 2018-10-31
8-K 2018-10-31
8-K 2018-09-30
8-K 2018-09-09
8-K 2018-08-30
8-K 2018-08-27
8-K 2018-08-01
8-K 2018-08-01
8-K 2018-05-22
8-K 2018-05-02
8-K 2018-04-24
8-K 2018-04-17
8-K 2018-03-21
8-K 2018-02-21
8-K 2018-02-21
8-K 2018-02-13
8-K 2018-02-06

DBD 10Q Quarterly Report

Part I - Financial Information
Item 1: Financial Statements
Note 1: Basis of Presentation
Note 2: Leases
Note 3: Earnings (Loss) per Share
Note 4: Share - Based Compensation
Note 5: Income Taxes
Note 6: Inventories
Note 7: Investments
Note 8: Goodwill and Other Assets
Note 9: Guarantees and Product Warranties
Note 10: Restructuring
Note 11: Debt
Note 12: Redeemable Noncontrolling Interests
Note 13: Equity
Note 14: Accumulated Other Comprehensive Income (Loss)
Note 15: Acquisitions and Divestitures
Note 16: Benefit Plans
Note 17: Derivative Instruments and Hedging Activities
Note 18: Fair Value of Assets and Liabilities
Note 19: Commitments and Contingencies
Note 20: Segment and Revenue Information
Note 21: Supplemental Guarantor Information
Note 22: Subsequent Event
Item 2: Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 3: Quantitative and Qualitative Disclosures About Market Risk
Item 4: Controls and Procedures
Part II - Other Information
Item 1: Legal Proceedings
Item 1A: Risk Factors
Item 2: Unregistered Sales of Equity Securities and Use of Proceeds
Item 3: Defaults Upon Senior Securities
Item 4: Mine Safety Disclosures
Item 5: Other Information
Item 6: Exhibits
EX-31.1 dbd6302020ex311.htm
EX-31.2 dbd6302020ex312.htm
EX-32.1 dbd6302020ex321.htm
EX-32.2 dbd6302020ex322.htm

Diebold Nixdorf Earnings 2020-06-30

Balance SheetIncome StatementCash Flow
10.07.95.83.71.6-0.52012201420172020
Assets, Equity
1.31.00.70.30.0-0.32012201420172020
Rev, G Profit, Net Income
1.91.20.4-0.3-1.1-1.82012201420172020
Ops, Inv, Fin

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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 
__________________________________________________
Form 10-Q
__________________________________________________ 
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended June 30, 2020
OR
TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                     
Commission file number 1-4879 
_________________________________________________
Diebold Nixdorf, Incorporated
(Exact name of registrant as specified in its charter)
_________________________________________________ 
Ohio 34-0183970
(State or other jurisdiction of
incorporation or organization)
 (IRS Employer
Identification Number)
5995 Mayfair Road, PO Box 3077,North Canton,Ohio 44720-8077
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (330490-4000
__________________________________________________ 
Securities registered pursuant to Section 12(b) of the Act:
Title of each classTrading SymbolName of each exchange on which registered
Common shares, $1.25 par value per shareDBDNew York Stock Exchange
Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  ☒     No  ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).    Yes  ☒    No  ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act.
Large accelerated filerAccelerated filerNon-accelerated filer
Smaller reporting companyEmerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).    Yes      No  
Number of shares of common stock outstanding as of July 27, 2020 was 77,674,592.



DIEBOLD NIXDORF, INCORPORATED AND SUBSIDIARIES
Form 10-Q

Index
 


Table of Contents
Part I – Financial Information
Item 1: Financial Statements
DIEBOLD NIXDORF, INCORPORATED AND SUBSIDIARIES
Condensed Consolidated Balance Sheets
(in millions, except share and per share amounts)
June 30, 2020December 31,
2019
 (Unaudited) 
ASSETS
Current assets
Cash, cash equivalents and restricted cash$446.4  $280.9  
Short-term investments9.0  10.0  
Trade receivables, less allowances for doubtful accounts of $42.7 and $42.2, respectively
588.8  619.3  
Inventories513.4  466.5  
Prepaid expenses32.8  51.3  
Current assets held for sale56.3  233.3  
Other current assets248.7  230.7  
Total current assets1,895.4  1,892.0  
Securities and other investments17.4  21.4  
Property, plant and equipment, net of accumulated depreciation and amortization of $541.1 and $526.9, respectively
205.5  231.5  
Goodwill775.1  764.0  
Deferred income taxes135.3  120.8  
Customer relationships, net409.2  447.7  
Other assets283.2  313.2  
Total assets$3,721.1  $3,790.6  
LIABILITIES, REDEEMABLE NONCONTROLLING INTERESTS AND EQUITY
Current liabilities
Notes payable$102.1  $32.5  
Accounts payable479.6  471.5  
Deferred revenue300.6  320.5  
Payroll and other benefits liabilities161.0  224.7  
Other current liabilities484.6  550.4  
Total current liabilities1,527.9  1,599.6  
Long-term debt2,362.4  2,108.7  
Pensions, post-retirement and other benefits231.1  237.7  
Deferred income taxes95.2  134.5  
Other liabilities192.9  195.5  
Commitments and contingencies
Redeemable noncontrolling interests20.1  20.9  
Equity
Diebold Nixdorf, Incorporated shareholders' equity
Preferred shares, no par value, 1,000,000 authorized shares, none issued
    
Common shares, $1.25 par value, 125,000,000 authorized shares, 93,518,712 and 92,208,247 issued shares, 77,668,932 and 76,813,013 outstanding shares, respectively
116.9  115.3  
Additional capital779.9  773.9  
Accumulated deficit(588.8) (472.3) 
Treasury shares, at cost (15,849,780 and 15,395,234 shares, respectively)
(576.6) (571.9) 
Accumulated other comprehensive loss(434.4) (375.3) 
Total Diebold Nixdorf, Incorporated shareholders' equity(703.0) (530.3) 
Noncontrolling interests(5.5) 24.0  
Total equity(708.5) (506.3) 
Total liabilities, redeemable noncontrolling interests and equity$3,721.1  $3,790.6  
See accompanying notes to condensed consolidated financial statements.
3

Table of Contents
DIEBOLD NIXDORF, INCORPORATED AND SUBSIDIARIES
Condensed Consolidated Statements of Operations
(unaudited)
(in millions, except per share amounts)
 Three Months EndedSix Months Ended
June 30,June 30,
 2020201920202019
Net sales
Services$559.7  $659.3  $1,147.5  $1,288.0  
Products330.8  490.9  653.7  890.3  
890.5  1,150.2  1,801.2  2,178.3  
Cost of sales
Services389.8  489.4  827.3  960.9  
Products253.1  381.6  499.5  692.1  
642.9  871.0  1,326.8  1,653.0  
Gross profit247.6  279.2  474.4  525.3  
Selling and administrative expense181.6  224.1  403.7  454.4  
Research, development and engineering expense30.7  36.1  63.2  73.0  
(Gain) loss on sale of assets, net14.8  11.7  13.0  15.1  
227.1  271.9  479.9  542.5  
Operating profit (loss)20.5  7.3  (5.5) (17.2) 
Other income (expense)
Interest income2.4  2.2  3.5  5.1  
Interest expense(48.3) (49.9) (96.3) (100.8) 
Foreign exchange gain, net(7.6) (5.1) (7.2) (2.3) 
Miscellaneous, net6.5  (0.4) 5.6  (1.8) 
Loss before taxes(26.5) (45.9) (99.9) (117.0) 
Income tax (benefit) expense(3.4) 9.2  16.6  69.6  
Equity in earnings of unconsolidated subsidiaries  (0.2)   (0.6) 
Net loss(23.1) (55.3) (116.5) (187.2) 
Net (loss) income attributable to noncontrolling interests0.6  (5.0)   (4.2) 
Net loss attributable to Diebold Nixdorf, Incorporated$(23.7) $(50.3) $(116.5) $(183.0) 
Basic and diluted weighted-average shares outstanding77.6  76.7  77.4  76.5  
Net loss attributable to Diebold Nixdorf, Incorporated
Basic and diluted loss per share$(0.31) $(0.66) $(1.51) $(2.39) 
See accompanying notes to condensed consolidated financial statements.
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DIEBOLD NIXDORF, INCORPORATED AND SUBSIDIARIES
Condensed Consolidated Statements of Comprehensive Income (Loss)
(unaudited)
(in millions)
 Three Months EndedSix Months Ended
June 30June 30
 2020201920202019
Net loss$(23.1) $(55.3) $(116.5) $(187.2) 
Other comprehensive income (loss), net of tax
Translation adjustment42.5  14.0  (54.1) 17.6  
Foreign currency hedges (net of tax of $0.3, $0.4, $0.5 and $0.0, respectively)
1.5  0.7  2.2  0.1  
Interest rate hedges
Net loss recognized in other comprehensive income (net of tax of $(0.5), $(0.7), $(4.6) and $(1.2), respectively)
(2.4) (3.4) (22.1) (5.7) 
Reclassification adjustment for amounts recognized in net income0.8  0.5  5.3  1.0  
(1.6) (2.9) (16.8) (4.7) 
Pension and other post-retirement benefits
Net actuarial gain (loss) amortization (net of tax of $0.4, $0.4, $1.8 and $0.7, respectively)
2.3  4.3  9.1  3.8  
Other0.4    (0.8) 0.1  
Other comprehensive income (loss), net of tax45.1  16.1  (60.4) 16.9  
Comprehensive income (loss)22.0  (39.2) (176.9) (170.3) 
Less: comprehensive income (loss) attributable to noncontrolling interests0.6  (7.5) (1.3) (4.0) 
Comprehensive income (loss) attributable to Diebold Nixdorf, Incorporated$21.4  $(31.7) $(175.6) $(166.3) 
See accompanying notes to condensed consolidated financial statements.
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DIEBOLD NIXDORF, INCORPORATED AND SUBSIDIARIES
Condensed Consolidated Statements of Cash Flows
(unaudited)
(in millions)
 Six Months Ended
June 30
 20202019
Cash flow from operating activities
Net loss$(116.5) $(187.2) 
Adjustments to reconcile net loss to cash flow used by operating activities:
Depreciation and amortization106.5  115.8  
Share-based compensation7.6  14.1  
Loss (gain) on sale of assets, net13.0  15.1  
Deferred income taxes(55.8) (13.4) 
Other(7.2) 0.6  
Changes in certain assets and liabilities
Trade receivables7.4  23.1  
Inventories(65.0) (1.2) 
Accounts payable21.5  1.4  
Deferred revenue(9.7) (10.8) 
Sales tax and net value added tax(23.0) (23.8) 
Prepaid expenses18.1  3.2  
Income taxes51.6  62.4  
Accrued salaries, wages and commissions(57.1) (15.3) 
Restructuring(10.8) (23.0) 
Warranty liability(5.4) (2.0) 
Liabilities held for sale(16.2) (12.0) 
Pension and post retirement benefits4.9  2.1  
Certain other assets and liabilities(34.5) (16.7) 
Net cash used by operating activities(170.6) (67.6) 
Cash flow from investing activities
Capital expenditures(8.8) (20.3) 
Proceeds from divestitures, net of cash divested(47.9) 8.2  
Proceeds from maturities of short-term investments104.1  108.2  
Payments for purchases of short-term investments(103.0) (85.8) 
Increase in certain other assets1.2  (11.8) 
Net cash used by investing activities(54.4) (1.5) 
Cash flow from financing activities
Debt issuance costs(3.8)   
Revolving credit facility borrowings (repayments), net385.9  (10.0) 
Other debt borrowings20.0  19.6  
Other debt repayments(90.5) (42.9) 
Distributions to noncontrolling interest holders  (98.0) 
Other(5.5) (1.6) 
Net cash provided (used) by financing activities306.1  (132.9) 
Effect of exchange rate changes on cash and cash equivalents(10.8) 0.2  
Change in cash, cash equivalents and restricted cash70.3  (201.8) 
Add: Cash included in assets held for sale at beginning of period97.2  7.3