What does material reconciling items — operating income mean?

This metric represents the aggregate financial impact of corporate-level expenses, intercompany eliminations, and other non-allocated costs that are not attributed to specific operating segments. It serves as a bridge between the sum of individual segment operating incomes and the total consolidated operating income reported on the income statement. Monitoring this figure is essential for understanding the scale of centralized overhead and the accuracy of segment-level performance reporting.

TopBuild Corporation BLD Material Reconciling Items — Operating Income

Discontinued — last reported Q1 '17

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Other financials

Income statement

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Revenue$1.4B+17.2%

Gross profit$400.3M+13.9%

Operating income$175.0M-1.4%

Net income$104.8M-15.1%

EPS (diluted)$3.73-11.8%

Balance sheet

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Cash & equivalents$268.8M-12.9%

Total debt$3.1B+99.6%

Total equity$2.4B+13.6%

Total assets$6.7B+46.0%

Cash flow

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Operating cash flow$160.7M+5.3%

CapEx$14.0M+4.5%

Free cash flow$146.7M+5.4%

Valuation

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Market cap$12B+10.9%

Enterprise value$14.86B+25.3%

P/E23.9×+5.6×

P/S2.1×+0.1×

Profitability

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Gross margin28.8%-1.3pp

Operating margin14%-2.0pp

Net margin9%-2.3pp

FCF margin12.5%-0.5pp

Returns & leverage

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Return on equity22.3%-2.3pp

Debt / equity1.3×+0.6×

Current ratio2×0.0×

Where this comes from

Reported directly by TopBuild Corporation in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: TopBuild Corporation’s 10-Q, filed May 9, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does material reconciling items — operating income mean?: This metric represents the aggregate financial impact of corporate-level expenses, intercompany eliminations, and other non-allocated costs that are not attributed to specific operating segments. It serves as a bridge between the sum of individual segment operating incomes and the total consolidated operating income reported on the income statement. Monitoring this figure is essential for understanding the scale of centralized overhead and the accuracy of segment-level performance reporting.