Item 15. Exhibits and Financial Statement Schedule
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Item 15. Exhibits and Financial Statement Schedule
1. Financial Statements and Schedule
Financial statements and schedule listed in the Index to Financial Statements and Schedule are filed as part of this Annual Report on Form 10-K.
2. Exhibits
| 100 | HUBBELL INCORPORATED - Form 10-K |
| HUBBELL INCORPORATED - Form 10-K | 101 |
| 102 | HUBBELL INCORPORATED - Form 10-K |
| Incorporated by Reference | ||||||||||||||||||||
| Number | Description | Form | File No. | Exhibit | Filing Date | Filed/ Furnished Herewith | ||||||||||||||
| 101.CAL | Inline XBRL Taxonomy Extension Calculation Linkbase Document | * | ||||||||||||||||||
| 101.DEF | Inline XBRL Taxonomy Extension Definition Linkbase Document | * | ||||||||||||||||||
| 101.LAB | Inline XBRL Taxonomy Extension Label Linkbase Document | * | ||||||||||||||||||
| 101.PRE | Inline XBRL Taxonomy Extension Presentation Linkbase Document | * | ||||||||||||||||||
| 104 | The cover page of this Annual Report on Form 10-K for the year end December 31, 2021, formatted in Inline XBRL (included within the Exhibit 101 attachments) | * |
| † | A management contract or compensatory plan or arrangement required to be filed as an exhibit pursuant to Item 15(a)(3) of Form 10-K. | ||||
| †† | Schedules and exhibits have been omitted pursuant to Item 601(b)(2) of Regulation S-K. The Company agrees to furnish supplemental copies of such omitted schedules and exhibits to the Securities and Exchange Commission upon request. | ||||
| *** | Filed herewith. | ||||
| **** | Furnished herewith. |
| HUBBELL INCORPORATED - Form 10-K | 103 |
Signatures
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| HUBBELL INCORPORATED | ||||||||||||||
| By | /s/ JONATHAN M. DEL NERO | By | /s/ WILLIAM R. SPERRY | |||||||||||
| Jonathan M. Del Nero | William R. Sperry | |||||||||||||
| Vice President, Controller | Executive Vice President and | |||||||||||||
| Chief Financial Officer | ||||||||||||||
| Date: | February 11, 2022 |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.(1)
| Title | Date | ||||||||||
| By | /s/ G. W. BAKKER G. W. Bakker | Chairman of the Board, President and Chief Executive Officer | 2/11/2022 | ||||||||
| By | /s/ W. R. SPERRY W. R. Sperry | Executive Vice President and Chief Financial Officer | 2/11/2022 | ||||||||
| By | /s/ J. M. DEL NERO J. M. Del Nero | Vice President, Controller (Principal Accounting Officer) | 2/11/2022 | ||||||||
| By | /s/ C. M. CARDOSO C. M. Cardoso | Director | 2/11/2022 | ||||||||
| By | /s/ A. J. GUZZI A. J. Guzzi | Director | 2/11/2022 | ||||||||
| By | /s/ R. A. HERNANDEZ R. A. Hernandez | Director | 2/11/2022 | ||||||||
| By | /s/ N. J. KEATING N. J. Keating | Director | 2/11/2022 | ||||||||
| By | /s/ B. C. LIND B. C. Lind | Director | 2/11/2022 | ||||||||
| By | /s/ J. F. MALLOY J. F. Malloy | Director | 2/11/2022 | ||||||||
| By | /s/ J. M. POLLINO J. M. Pollino | Director | 2/11/2022 | ||||||||
| By | /s/ J. G. RUSSELL J. G. Russell | Director | 2/11/2022 | ||||||||
| By | S. R. Shawley | Director |
*(1)*As of February 11, 2022.
| 104 | HUBBELL INCORPORATED - Form 10-K |
Valuation and Qualifying Accounts and Reserves for the Years Ended December 31, 2019, 2020 and 2021
Reserves deducted in the balance sheet from the assets to which they apply (in millions):
| Balance at Beginning of Year | Additions / (Reversals) Charged to Costs and Expenses | Deductions | Balance at End of Year | ||||||||||||||||||||||||||
| Allowances for doubtful accounts receivable: | |||||||||||||||||||||||||||||
| Year 2019 | $ | 4.4 | $ | 2.8 | $ | (0.4) | $ | 6.8 | |||||||||||||||||||||
| Year 2020(a) | $ | 8.0 | $ | 4.0 | $ | (1.4) | $ | 10.6 | |||||||||||||||||||||
| Year 2021 | $ | 10.6 | $ | 2.0 | $ | (2.0) | $ | 10.6 | |||||||||||||||||||||
| Allowance for credit memos, returns and cash discounts: | |||||||||||||||||||||||||||||
| Year 2019 | $ | 32.7 | $ | 280.6 | $ | (279.8) | $ | 33.5 | |||||||||||||||||||||
| Year 2020 | $ | 33.5 | $ | 267.9 | $ | (269.5) | $ | 31.9 | |||||||||||||||||||||
| Year 2021 | $ | 31.9 | $ | 296.5 | $ | (293.7) | $ | 34.7 | |||||||||||||||||||||
| Valuation allowance on deferred tax assets: | |||||||||||||||||||||||||||||
| Year 2019 | $ | 19.2 | $ | 6.7 | $ | — | $ | 25.9 | |||||||||||||||||||||
| Year 2020 | $ | 25.9 | $ | 3.6 | $ | — | $ | 29.5 | |||||||||||||||||||||
| Year 2021 | $ | 29.5 | $ | 3.1 | $ | — | $ | 32.6 |
(a) The cumulative effect of the adoption of ASC 326 resulted in a $1.2 million increase to the opening balance.
| HUBBELL INCORPORATED - Form 10-K | 105 |
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