What does corporate — goodwill translation adjustments mean?

The change in the value of goodwill for the Corporate segment caused by shifts in foreign currency exchange rates.

How do you interpret corporate — goodwill translation adjustments?

Fluctuations reflect currency volatility rather than operational performance, though significant adjustments can impact the balance sheet.

How does corporate — goodwill translation adjustments compare across companies?

Commonly reported by multinational corporations with significant international operations and cross-border acquisition history.

CDW CDW Corporate — Goodwill Translation Adjustments

Discontinued — last reported Q4 '15

Similar metrics at other companies

IRMCorporate And Other — Goodwill Translation Adjustments

$0—

AACorporate — Goodwill Foreign Currency Translation Gain Loss

$750K+150%

CHRWCorporate And Other — Goodwill Adjustments

-$25K-114%

TSNCorporate And Other — Goodwill Adjustments

$0—

GGGProcess — Goodwill Translation Adjustments

-$4.4M-421%

CGOperating Segments — Goodwill Translation Adjustments

$400K—

Other financials

Income statement

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Revenue$5.7B+9.2%

Gross profit$1.2B+6.0%

Operating income$376.0M+4.0%

Net income$235.4M+4.7%

EPS (diluted)$1.82+7.7%

Balance sheet

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Cash & equivalents$578.6M+22.7%

Total debt$5.8B-3.4%

Total equity$2.6B+10.0%

Total assets$16.5B+9.6%

Cash flow

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Operating cash flow$274.8M-4.3%

CapEx$26.4M-1.9%

Free cash flow$248.4M-4.6%

Valuation

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Market cap$16.4B-26.5%

Enterprise value$21.61B-22.2%

P/E15.2×-5.3×

P/S0.7×-0.3×

Profitability

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Gross margin21.6%-0.3pp

Operating margin7.3%-0.6pp

Net margin4.7%-0.4pp

FCF margin4.7%0.0pp

Returns & leverage

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Return on equity44.2%-4.5pp

Debt / equity2.3×-0.3×

Current ratio1.2×-0.2×

Where this comes from

Reported directly by CDW in its filing.

Tagged under the XBRL concept us-gaap:GoodwillTranslationAdjustments.

The official record: CDW’s 10-K, filed February 25, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does corporate — goodwill translation adjustments mean?: The change in the value of goodwill for the Corporate segment caused by shifts in foreign currency exchange rates.
How do you interpret corporate — goodwill translation adjustments?: Fluctuations reflect currency volatility rather than operational performance, though significant adjustments can impact the balance sheet.
How does corporate — goodwill translation adjustments compare across companies?: Commonly reported by multinational corporations with significant international operations and cross-border acquisition history.