What does drivetrain — goodwill translation adjustments mean?

The change in the Drivetrain segment's goodwill value caused by foreign currency exchange rate fluctuations.

How do you interpret drivetrain — goodwill translation adjustments?

Changes are driven by macroeconomic currency trends rather than operational performance of the segment.

How does drivetrain — goodwill translation adjustments compare across companies?

Standard disclosure for multinational corporations with significant goodwill balances in non-domestic operating segments.

BorgWarner BWA Drivetrain — Goodwill Translation Adjustments

Discontinued — last reported Q4 '15

Similar metrics at other companies

APTVPowertrainsystems — Goodwill Translation Adjustments

$0+100%

APTVPowertrain Systems — Goodwill Foreign Currency Translation Gain Loss

-$500K—

LFUSAutomotive — Goodwill Translation Adjustments

-$862.25-5.7%

DOVEngineered Systems — Goodwill Translation Adjustments

$6.92M+275%

MOG.BComponents — Goodwill Translation Adjustments

$852K—

TRMBTransportation — Goodwill, Foreign Currency Translation Gain (Loss)

-$71M—

Other financials

Income statement

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Revenue$3.5B+0.5%

Gross profit$677.0M+5.9%

Operating income$336.0M+41.8%

Net income$242.0M+54.1%

EPS (diluted)$1.16+61.1%

Balance sheet

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Cash & equivalents$2.3B+10.5%

Total debt$4.1B+2.1%

Total equity$5.5B-4.2%

Total assets$13.7B-1.3%

Cash flow

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Operating cash flow$152.0M+85.4%

CapEx$143.0M+20.2%

Free cash flow$9.0M+124%

Valuation

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Market cap$14.74B+77.6%

P/E18.9×-7.9×

P/S1×+0.4×

Profitability

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Gross margin18.9%0.0pp

Operating margin8.1%-0.1pp

Net margin6.3%+1.1pp

FCF margin8.5%+1.5pp

Returns & leverage

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Return on equity15%+3.5pp

Debt / equity0.7×0.0×

Current ratio2.1×+0.2×

Where this comes from

Reported directly by BorgWarner in its filing.

Tagged under the XBRL concept us-gaap:GoodwillTranslationAdjustments.

The official record: BorgWarner’s 10-K, filed February 11, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does drivetrain — goodwill translation adjustments mean?: The change in the Drivetrain segment's goodwill value caused by foreign currency exchange rate fluctuations.
How do you interpret drivetrain — goodwill translation adjustments?: Changes are driven by macroeconomic currency trends rather than operational performance of the segment.
How does drivetrain — goodwill translation adjustments compare across companies?: Standard disclosure for multinational corporations with significant goodwill balances in non-domestic operating segments.