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Aptiv APTV Consolidation Eliminations — Payments To Acquire Productive Assets

Discontinued — last reported Q2 '18

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CLFEliminations — Depreciation, depletion and amortization
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MOSCorporate, Eliminations and Other — CapEx
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TEXPayments to Acquire Productive Assets, including discontinued operations
$26M-27.8%

Other financials

Income statement

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Revenue$5.1B+5.4%
Gross profit$920.0M0.0%
Operating income$378.0M-15.6%
Net income$189.0M+1,818%
EPS (diluted)$0.88+1,860%

Balance sheet

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Cash & equivalents$3.2B+188%
Total debt$9.9B+17.1%
Total equity$9.2B+3.0%
Total assets$25.2B+9.1%

Cash flow

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Operating cash flow-$143.0M-152%
CapEx$219.0M+11.2%
Free cash flow-$362.0M-576%

Valuation

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Market cap$13.48B+8.4%
Enterprise value$20.19B+2.5%
P/E36.9×+28.9×
P/S0.7×0.0×

Profitability

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Gross margin18.9%-0.2pp
Operating margin5.4%-4.1pp
Net margin1.8%-6.2pp
FCF margin5.3%-3.4pp

Returns & leverage

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Return on equity4%-11.5pp
Debt / equity1.1×+0.1×
Current ratio2.1×+0.5×

Where this comes from

Reported directly by Aptiv in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToAcquireProductiveAssets.

The official record: Aptiv’s 10-Q, filed July 31, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — payments to acquire productive assets mean?
This represents the elimination of capital expenditures or asset acquisitions that occur between internal segments. It ensures that the consolidated capital expenditure figure does not include internal transfers of productive assets. This is critical for maintaining an accurate view of the company's total investment in property, plant, and equipment.