What does engine — goodwill translation adjustments mean?

This metric tracks the changes in the carrying value of goodwill within the engine segment caused by fluctuations in foreign currency exchange rates. Since goodwill is often recorded in the functional currency of the acquired entity, reporting it in the parent company's currency requires periodic adjustments. This reflects the impact of global macroeconomic volatility on the segment's intangible asset valuation.

BorgWarner BWA Engine — Goodwill Translation Adjustments

Discontinued — last reported Q4 '15

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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 engine — goodwill translation adjustments mean?: This metric tracks the changes in the carrying value of goodwill within the engine segment caused by fluctuations in foreign currency exchange rates. Since goodwill is often recorded in the functional currency of the acquired entity, reporting it in the parent company's currency requires periodic adjustments. This reflects the impact of global macroeconomic volatility on the segment's intangible asset valuation.