What does passive safety — goodwill translation adjustments mean?

The change in the value of Passive Safety goodwill caused by fluctuations in foreign currency exchange rates.

How do you interpret passive safety — goodwill translation adjustments?

An increase suggests a strengthening of foreign currencies against the reporting currency, while a decrease suggests a weakening.

How does passive safety — goodwill translation adjustments compare across companies?

Global automotive suppliers with international operations regularly report currency translation impacts on their intangible assets.

Autoliv ALV Passive Safety — Goodwill Translation Adjustments

Discontinued — last reported Q4 '15

Similar metrics at other companies

APTVElectronicsandsafety — Goodwill Translation Adjustments

$0—

LFUSAutomotive — Goodwill Translation Adjustments

-$862.25-5.7%

APTVElectronicsand Safety — Goodwill Foreign Currency Translation Gain Loss

$0—

APTVPowertrainsystems — Goodwill Translation Adjustments

$0+100%

GGGProcess — Goodwill Translation Adjustments

-$4.4M-421%

MODAutomotive — Goodwill Foreign Currency Translation Gain Loss

$0—

Other financials

Income statement

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Revenue$2.8B+6.8%

Gross profit$526.0M+10.0%

Operating income$237.0M-6.7%

Net income$141.0M-15.6%

EPS (diluted)$1.88-12.1%

Balance sheet

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Cash & equivalents$342.0M+6.2%

Total debt$2.3B-0.7%

Total equity$2.6B+12.0%

Total assets$8.5B+4.4%

Cash flow

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Operating cash flow-$76.0M-199%

CapEx$85.0M-16.7%

Free cash flow-$161.0M-544%

Valuation

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Market cap$8.85B+15.0%

Enterprise value$10.76B+11.3%

P/E12.5×+1.3×

P/S0.8×+0.1×

Profitability

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Gross margin19.3%+0.3pp

Operating margin9.7%-0.3pp

Net margin6.5%-0.2pp

FCF margin5.3%+0.7pp

Returns & leverage

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Return on equity28.4%-0.3pp

Debt / equity0.9×-0.1×

Current ratio1.1×+0.1×

Where this comes from

Reported directly by Autoliv in its filing.

Tagged under the XBRL concept us-gaap:GoodwillTranslationAdjustments.

The official record: Autoliv’s 10-K, filed February 19, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does passive safety — goodwill translation adjustments mean?: The change in the value of Passive Safety goodwill caused by fluctuations in foreign currency exchange rates.
How do you interpret passive safety — goodwill translation adjustments?: An increase suggests a strengthening of foreign currencies against the reporting currency, while a decrease suggests a weakening.
How does passive safety — goodwill translation adjustments compare across companies?: Global automotive suppliers with international operations regularly report currency translation impacts on their intangible assets.