What does material reconciling items — goodwill impairment mean?

Corporate-level write-downs of goodwill that are not attributed to specific business segments.

How do you interpret material reconciling items — goodwill impairment?

An increase indicates a significant decline in the fair value of acquired businesses, signaling potential past overpayment or deteriorating business conditions.

How does material reconciling items — goodwill impairment compare across companies?

Commonly reported as a corporate-level adjustment in the reconciliation of segment results for large financial institutions.

Popular BPOP Material Reconciling Items — Goodwill Impairment

Discontinued — last reported Q4 '16

Similar metrics at other companies

VIAVMaterial Reconciling Items — Goodwill Impairment

$0-100%

CCKMaterial Reconciling Items — Goodwill Impaired Accumulated Impairment Loss

$150M0.0%

AGCOMaterial Reconciling Items — Goodwill

$1.56B—

VSHMaterial Reconciling Items — Goodwill Impairment

$0—

EQHMaterial Reconciling Items — Goodwill Impairment

$0-100%

CCKMaterial Reconciling Items — Goodwill

$100M+9.9%

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:GoodwillImpairmentLoss.

The official record: Popular’s 10-K, filed March 1, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does material reconciling items — goodwill impairment mean?: Corporate-level write-downs of goodwill that are not attributed to specific business segments.
How do you interpret material reconciling items — goodwill impairment?: An increase indicates a significant decline in the fair value of acquired businesses, signaling potential past overpayment or deteriorating business conditions.
How does material reconciling items — goodwill impairment compare across companies?: Commonly reported as a corporate-level adjustment in the reconciliation of segment results for large financial institutions.