What does public — goodwill translation adjustments mean?

Changes in goodwill value caused by fluctuations in foreign exchange rates.

How do you interpret public — goodwill translation adjustments?

Positive adjustments signal a strengthening of the reporting currency, while negative adjustments signal a weakening, relative to the functional currency of the acquired assets.

How does public — goodwill translation adjustments compare across companies?

Standard disclosure for multinational corporations; peers report this as 'Foreign Currency Translation' in the goodwill roll-forward.

CDW CDW Public — Goodwill Translation Adjustments

Discontinued — last reported Q4 '15

Similar metrics at other companies

IRMCorporate And Other — Goodwill Translation Adjustments

$0—

XPO

XPOOperating Segments — Goodwill Translation Adjustments

-$70.1M-361%

BBYDomestic — Goodwill Translation Adjustments

$0—

TBusiness Solutions — Goodwill Foreign Currency Translation Gain Loss

$0—

RRXCommercialand Industrial Systems — Goodwill Translation Adjustments

-$1.78M+43.7%

BROPrograms — Goodwill Foreign Currency Translation Gain Loss

$28M—

Other financials

Income statement

See full

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

See full

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

See full

Operating cash flow$274.8M-4.3%

CapEx$26.4M-1.9%

Free cash flow$248.4M-4.6%

Valuation

See full

Market cap$16.4B-26.5%

Enterprise value$21.61B-22.2%

P/E15.2×-5.3×

P/S0.7×-0.3×

Profitability

See full

Gross margin21.6%-0.3pp

Operating margin7.3%-0.6pp

Net margin4.7%-0.4pp

FCF margin4.7%0.0pp

Returns & leverage

See full

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 public — goodwill translation adjustments mean?: Changes in goodwill value caused by fluctuations in foreign exchange rates.
How do you interpret public — goodwill translation adjustments?: Positive adjustments signal a strengthening of the reporting currency, while negative adjustments signal a weakening, relative to the functional currency of the acquired assets.
How does public — goodwill translation adjustments compare across companies?: Standard disclosure for multinational corporations; peers report this as 'Foreign Currency Translation' in the goodwill roll-forward.