What does material reconciling items — PP&E (net) mean?

The value of corporate-level physical assets not assigned to any specific business segment.

How do you interpret material reconciling items — PP&E (net)?

An increase suggests higher investment in centralized corporate infrastructure or unallocated shared assets.

How does material reconciling items — PP&E (net) compare across companies?

Similar to unallocated corporate asset balances found in other capital-intensive industrial conglomerates.

Alcoa AA Material Reconciling Items — PP&E (Net)

Discontinued — last reported Q4 '17

Similar metrics at other companies

CLHMaterial Reconciling Items — PP&E (Net)

$91.49M-10.6%

BAXMaterial Reconciling Items — PP&E (Net)

$805M-13.6%

MKSIMaterial Reconciling Items — PP&E (Net)

$172.8M+1.7%

PRUMaterial Reconciling Items — Total Assets

$61.97B-1.8%

GPCMaterial Reconciling Items — Total Assets

$3.55B+126%

BPOPMaterial Reconciling Items — Total Assets

——

Other financials

Income statement

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Revenue$3.2B-5.2%

Gross profit$681.0M-26.9%

Net income$425.0M-22.4%

EPS (diluted)$1.60-22.7%

Balance sheet

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Cash & equivalents$1.4B+12.6%

Total debt$2.6B-2.6%

Total equity$5.2B+21.3%

Total assets$16.6B+14.2%

Cash flow

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Operating cash flow-$179.0M-339%

CapEx$119.0M+28.0%

Free cash flow-$298.0M-1,556%

Valuation

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Market cap$15.67B+122%

Enterprise value$16.86B+101%

P/E15.2×+6.9×

P/S1.2×+0.7×

Profitability

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Gross margin15.2%-5.2pp

Net margin8.2%+1.4pp

FCF margin4.6%+3.3pp

Returns & leverage

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Return on equity1.3%+0.7pp

Debt / equity0.5×+0.1×

Current ratio1.5×-0.2×

Where this comes from

Reported directly by Alcoa in its filing.

Tagged under the XBRL concept us-gaap:PropertyPlantAndEquipmentNet.

The official record: Alcoa’s 10-K, filed February 26, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does material reconciling items — PP&E (net) mean?: The value of corporate-level physical assets not assigned to any specific business segment.
How do you interpret material reconciling items — PP&E (net)?: An increase suggests higher investment in centralized corporate infrastructure or unallocated shared assets.
How does material reconciling items — PP&E (net) compare across companies?: Similar to unallocated corporate asset balances found in other capital-intensive industrial conglomerates.