What does operating segments — D&A mean?

This metric represents the non-cash expense allocated to an operating segment to account for the gradual wear, tear, or obsolescence of its tangible and intangible assets over time. It is a critical component for calculating segment-level cash flow and understanding the rate at which the segment's asset base is being consumed. It helps investors gauge the ongoing reinvestment needs of the business.

A. O. Smith AOS Operating Segments — D&A

Discontinued — last reported Q4 '17

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CATAll Other Segment — D&A

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EATCorporate Segment and Other Operating Segment — D&A

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HCCAll Other Segments — D&A

$2.08M-8.9%

Other financials

Income statement

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Revenue$945.6M-1.9%

Gross profit$365.7M-2.6%

Net income$118.0M-13.6%

EPS (diluted)$0.85-10.5%

Balance sheet

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Cash & equivalents$185.2M+7.1%

Total debt$656.5M+123%

Total equity$1.9B+1.2%

Total assets$3.7B+11.7%

Cash flow

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Operating cash flow$129.4M+234%

CapEx$10.5M-50.7%

Free cash flow$118.9M+583%

Valuation

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Market cap$8.02B-2.8%

Enterprise value$8.5B+0.9%

P/E15.2×-0.6×

P/S2.1×-0.1×

Profitability

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Gross margin38.8%+0.7pp

Net margin13.8%+0.1pp

FCF margin17%+6.3pp

Returns & leverage

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Return on equity28.3%+0.3pp

Debt / equity0.3×+0.2×

Current ratio1.6×-0.1×

Where this comes from

Reported directly by A. O. Smith in its filing.

Tagged under the XBRL concept us-gaap:DepreciationDepletionAndAmortization.

The official record: A. O. Smith’s 10-K, filed February 16, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — D&A mean?: This metric represents the non-cash expense allocated to an operating segment to account for the gradual wear, tear, or obsolescence of its tangible and intangible assets over time. It is a critical component for calculating segment-level cash flow and understanding the rate at which the segment's asset base is being consumed. It helps investors gauge the ongoing reinvestment needs of the business.