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Avery Dennison AVY Corporate — Other Expense Net

Discontinued — last reported Q2 '20

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Other financials

Income statement

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Revenue$2.3B+7.0%
Gross profit$664.8M+7.0%
Net income$168.1M+1.1%
EPS (diluted)$2.18+4.3%

Balance sheet

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Cash & equivalents$255.1M+30.2%
Total debt$3.8B+9.6%
Total equity$2.3B+6.0%
Total assets$9.0B+7.5%

Cash flow

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Operating cash flow$136.5M+937%
CapEx$28.3M-21.4%
Free cash flow$108.2M+307%

Valuation

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Market cap$12.14B-5.5%
Enterprise value$15.67B-2.9%
P/E17.6×-0.8×
P/S1.4×-0.1×

Profitability

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Gross margin28.8%0.0pp
Net margin7.7%-0.3pp
FCF margin9.7%+2.8pp

Returns & leverage

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Return on equity30.9%-1.1pp
Debt / equity1.6×+0.1×
Current ratio1.1×+0.1×

Where this comes from

Reported directly by Avery Dennison in its filing.

Tagged under the XBRL concept avy:OtherExpenseNet.

The official record: Avery Dennison’s 10-Q, filed July 28, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does corporate — other expense net mean?
The net total of miscellaneous corporate-level expenses and income not tied to specific business units.
How do you interpret corporate — other expense net?
An increase suggests rising unallocated corporate overhead or non-operating costs, whereas a decrease reflects improved cost control or higher non-operating income.
How does corporate — other expense net compare across companies?
Most large industrial companies report similar figures under 'Corporate Expenses' or 'Unallocated Corporate Costs' in their segment reporting notes.