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Popular BPOP Operating Segments — Goodwill Impairment

Discontinued — last reported Q3 '16

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IES
IESCCorporate Segment — Goodwill impairment expense
$0
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ZIONCorporate Segment — Goodwill, Impairment Loss
$0

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-Q, filed November 9, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — goodwill impairment mean?
The amount of value written off from an acquisition because the business unit is no longer worth as much as originally paid.
How do you interpret operating segments — goodwill impairment?
An increase indicates a significant deterioration in the expected future cash flows or market value of the segment's assets, signaling potential management misjudgment or structural industry headwinds. A decrease or absence of impairment suggests that the segment's assets are performing in line with or above the expectations set at the time of acquisition.
How does operating segments — goodwill impairment compare across companies?
Peers in the banking and financial services sector typically report zero goodwill impairment unless a major strategic shift or economic downturn occurs, making any non-zero value a significant red flag for investors.