What does consolidation eliminations — notes payable mean?

This represents the elimination of intercompany notes payable balances that exist between the parent company and its subsidiaries or between subsidiaries themselves. These entries are necessary to prevent the inflation of total debt figures on the consolidated balance sheet. It reflects the internal capital structure and funding arrangements within the corporate group.

Popular BPOP Consolidation Eliminations — Notes Payable

Discontinued — last reported Q3 '18

Other financials

Income statement

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Revenue$835.8M+10.3%

Net income$245.7M+38.4%

EPS (diluted)$3.78+47.7%

Balance sheet

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Cash & equivalents$394.7M+1.1%

Total debt$1.6B+13.3%

Total equity$6.3B+8.8%

Total assets$76.1B+2.8%

Cash flow

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Operating cash flow$191.6M+11.4%

CapEx$36.7M-28.8%

Free cash flow$154.9M+28.5%

Valuation

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Market cap$10.28B+36.1%

Enterprise value$11.49B+33.6%

P/E11.4×+0.4×

P/S3.1×+0.6×

Profitability

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Net margin27.5%+4.4pp

FCF margin21.8%+5.9pp

Returns & leverage

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Return on equity14.9%+2.3pp

Debt / equity0.3×0.0×

Where this comes from

Reported directly by Popular in its filing.

Tagged under the XBRL concept us-gaap:NotesPayable.

The official record: Popular’s 10-Q, filed November 8, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — notes payable mean?: This represents the elimination of intercompany notes payable balances that exist between the parent company and its subsidiaries or between subsidiaries themselves. These entries are necessary to prevent the inflation of total debt figures on the consolidated balance sheet. It reflects the internal capital structure and funding arrangements within the corporate group.