How do you interpret performance chemicals — goodwill translation adjustments?

Positive values indicate a strengthening of the reporting currency against the currencies of the acquired assets, while negative values indicate the opposite.

How does performance chemicals — goodwill translation adjustments compare across companies?

Global chemical producers with international operations frequently report these adjustments as part of their comprehensive income.

Albemarle ALB Performance Chemicals — Goodwill Translation Adjustments

Discontinued — last reported Q4 '15

Similar metrics at other companies

ESIPerformance Materials — Goodwill Foreign Currency Translation And Other

$34.2M+89.2%

EMNChemical Intermediates — Goodwill Translation Adjustments

$4M—

GTLSEnergy Chemicals — Goodwill Impaired Foreign Currency Translation Adjustment

$100K—

EMNChemical Intermediates — Goodwill, Foreign Currency Translation, Gain (Loss)

-$2M-260%

EMNSpecialty Fluids And Intermediates — Goodwill Translation Adjustments

$250K+114%

ESIPerformance Materials — Goodwill Foreign Currency Translation Gain Loss

$33.7M—

Other financials

Income statement

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Revenue$1.4B+32.7%

Gross profit$501.0M+221%

Operating income$233.5M+1,082%

Net income$319.1M+672%

EPS (diluted)$2.34—

Balance sheet

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Cash & equivalents$1.1B-28.2%

Total debt$2.1B-44.3%

Total equity$9.9B-1.8%

Total assets$15.1B-10.9%

Cash flow

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Operating cash flow$346.2M-36.7%

CapEx$98.7M-46.0%

Free cash flow$247.6M-32.1%

Valuation

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Market cap$18.91B+150%

Enterprise value$19.93B+106%

P/S3.4×+2.0×

Profitability

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Gross margin18.4%+14.9pp

Operating margin-2.8%-1.3pp

Net margin-4.2%-1.9pp

FCF margin-2.8%-1.3pp

Returns & leverage

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Return on equity-2.3%-1.0pp

Debt / equity0.2×-0.2×

Current ratio2.1×0.0×

Where this comes from

Reported directly by Albemarle in its filing.

Tagged under the XBRL concept us-gaap:GoodwillTranslationAdjustments.

The official record: Albemarle’s 10-K, filed February 29, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does performance chemicals — goodwill translation adjustments mean?: Changes in the value of Performance Chemicals goodwill caused by shifts in foreign currency exchange rates.
How do you interpret performance chemicals — goodwill translation adjustments?: Positive values indicate a strengthening of the reporting currency against the currencies of the acquired assets, while negative values indicate the opposite.
How does performance chemicals — goodwill translation adjustments compare across companies?: Global chemical producers with international operations frequently report these adjustments as part of their comprehensive income.