How do you interpret operating segments — payments to acquire productive assets?

An increase suggests investment in future growth or capacity, whereas a significant decrease might indicate a reduction in capital investment or a focus on cash preservation.

How does operating segments — payments to acquire productive assets compare across companies?

Comparable to segment-level capital expenditures reported by industrial peers.

A. O. Smith AOS Operating Segments — Payments To Acquire Productive Assets

Discontinued — last reported Q4 '17

Similar metrics at other companies

IROperating Segments — Payments To Acquire Productive Assets

$6.68M-64.1%

AITOperating Segments — Payments to Acquire Productive Assets

$3.6M-27.3%

CPRTOperating Segments — Payments To Acquire Productive Assets

$77.7M+83.7%

CRSOperating Segments — Payments To Acquire Productive Assets

$18M+56.5%

TXTOperating Segments — Payments To Acquire Productive Assets

$104.75M-3.7%

CRLOperating Segments — Payments To Acquire Productive Assets

$24.26M+83.5%

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:PaymentsToAcquireProductiveAssets.

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 — payments to acquire productive assets mean?: The amount of cash a business segment spends on purchasing long-term assets like equipment and facilities.
How do you interpret operating segments — payments to acquire productive assets?: An increase suggests investment in future growth or capacity, whereas a significant decrease might indicate a reduction in capital investment or a focus on cash preservation.
How does operating segments — payments to acquire productive assets compare across companies?: Comparable to segment-level capital expenditures reported by industrial peers.