What does consolidation — income tax expense benefit mean?

The adjustment to tax expense to remove the impact of internal intercompany transactions.

How do you interpret consolidation — income tax expense benefit?

Changes typically reflect shifts in the tax treatment of internal transfer pricing or intercompany profit eliminations.

How does consolidation — income tax expense benefit compare across companies?

Standard tax accounting adjustment for consolidated financial reporting.

Acuity Brands AYI Consolidation — Income Tax Expense Benefit

Discontinued — last reported Q3 '18

Similar metrics at other companies

OSKConsolidation Eliminations — Income Tax Expense Benefit

-$100K0.0%

ACMConsolidation Eliminations — Income Tax Expense Benefit

$7.93M-81.9%

CLHConsolidation Eliminations — Income Tax Expense Benefit

$0—

CGConsolidation Eliminations — Income Tax Expense Benefit

$0—

ALLEConsolidation Eliminations — Income Tax Expense Benefit

$0—

ALLYConsolidation Eliminations — Income Tax Expense Benefit

$0—

Other financials

Income statement

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Revenue$1.1B+4.9%

Gross profit$520.4M+11.2%

Operating income$133.0M+20.7%

Net income$96.8M+24.9%

EPS (diluted)$3.09+26.1%

Balance sheet

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Cash & equivalents$272.5M-31.5%

Total debt$808.2M-32.2%

Total equity$2.8B+12.7%

Total assets$4.6B-0.5%

Cash flow

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Operating cash flow$89.1M+50.0%

CapEx$15.8M+62.9%

Free cash flow$73.3M+47.5%

Valuation

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Market cap$9.63B+0.5%

Enterprise value$10.16B-2.1%

P/E22.4×-0.6×

P/S2.1×-0.3×

Profitability

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Gross margin48.7%+1.8pp

Operating margin13.4%-0.4pp

Net margin9.4%-1.2pp

FCF margin12.2%+0.7pp

Returns & leverage

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Return on equity16%-1.8pp

Debt / equity0.3×-0.2×

Current ratio2.1×+0.1×

Where this comes from

Reported directly by Acuity Brands in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Acuity Brands’s 10-Q, filed July 3, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation — income tax expense benefit mean?: The adjustment to tax expense to remove the impact of internal intercompany transactions.
How do you interpret consolidation — income tax expense benefit?: Changes typically reflect shifts in the tax treatment of internal transfer pricing or intercompany profit eliminations.
How does consolidation — income tax expense benefit compare across companies?: Standard tax accounting adjustment for consolidated financial reporting.