What does intersegment elimination — intercompany payables mean?

The removal of internal debts owed between different parts of the same company.

How do you interpret intersegment elimination — intercompany payables?

An increase suggests higher levels of internal financing or service-based debt between business segments.

How does intersegment elimination — intercompany payables compare across companies?

Standard line item in the segment reporting notes of all large, multi-segment public companies.

Atmos Energy ATO Intersegment Elimination — Intercompany Payables

Discontinued — last reported Q3 '17

Similar metrics at other companies

OHIIntersegment Elimination — Intercompany Payable

-$4.99M—

PHMIntersegment Elimination — Notes Payable

$0—

STLDIntersegment Elimination — Accounts Payable And Dividends Payable Including Related Party Payables

-$74.9M+40.2%

CSGPIntersegment Elimination — Liabilities

-$42.41M+30.5%

STLDIntersegment Elimination — Intra Company Debt

$17.2M+60.7%

PHMIntersegment Elimination — Repayments Of Lines Of Credit

$0—

Other financials

Income statement

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Revenue$2.0B+0.6%

Gross profit$1.2B+14.5%

Operating income$764.8M+21.6%

Net income$581.9M+19.8%

EPS (diluted)$3.47+14.5%

Balance sheet

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Cash & equivalents$127.1M-76.7%

Total debt$9.7B+13.9%

Total equity$14.9B+13.5%

Total assets$30.4B+12.6%

Cash flow

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Operating cash flow$723.5M-21.6%

CapEx$1.0B+19.5%

Free cash flow-$280.1M—

Valuation

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Market cap$28.39B+24.6%

Enterprise value$38B+23.5%

P/E21.1×+1.0×

P/S5.8×+0.7×

Profitability

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Gross margin75.1%+15.5pp

Operating margin35.9%+2.6pp

Net margin27.6%+2.2pp

FCF margin-40.8%+19.0pp

Returns & leverage

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Return on equity9.6%+0.4pp

Debt / equity0.7×0.0×

Current ratio1×-0.3×

Where this comes from

Reported directly by Atmos Energy in its filing.

Tagged under the XBRL concept ato:IntercompanyPayables.

The official record: Atmos Energy’s 10-Q, filed August 2, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does intersegment elimination — intercompany payables mean?: The removal of internal debts owed between different parts of the same company.
How do you interpret intersegment elimination — intercompany payables?: An increase suggests higher levels of internal financing or service-based debt between business segments.
How does intersegment elimination — intercompany payables compare across companies?: Standard line item in the segment reporting notes of all large, multi-segment public companies.