What does oil and gas field services — goodwill impairment mean?

The loss recognized when the value of acquired goodwill in the Oil and Gas Field Services segment drops below its recorded value.

How do you interpret oil and gas field services — goodwill impairment?

Any value above zero is negative, signaling that previous acquisitions are not performing as expected.

How does oil and gas field services — goodwill impairment compare across companies?

Comparable to impairment charges reported by companies facing market headwinds or failed integration of acquisitions.

Clean Harbors CLH Oil And Gas Field Services — Goodwill Impairment

Discontinued — last reported Q4 '15

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CNP

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CNP

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Other financials

Income statement

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Revenue$1.5B+1.9%

Gross profit$445.4M+8.6%

Operating income$118.9M+6.6%

Net income$63.2M+7.7%

EPS (diluted)$1.19+9.2%

Balance sheet

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Cash & equivalents$548.0M+12.0%

Total debt$3.0B+0.2%

Total equity$2.8B+7.9%

Total assets$7.6B+4.2%

Cash flow

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Operating cash flow$6.3M+292%

CapEx$98.4M-17.1%

Free cash flow-$92.1M+21.3%

Valuation

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Market cap$15.25B+42.9%

Enterprise value$17.75B+34.2%

P/E38.6×+11.3×

P/S2.5×+0.7×

Profitability

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Gross margin31.7%+1.0pp

Operating margin11.2%+0.2pp

Net margin6.5%-0.1pp

FCF margin7.7%+1.9pp

Returns & leverage

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Return on equity14.8%-1.2pp

Debt / equity1.1×-0.1×

Current ratio2.3×0.0×

Where this comes from

Reported directly by Clean Harbors in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

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

Questions, answered.

What does oil and gas field services — goodwill impairment mean?: The loss recognized when the value of acquired goodwill in the Oil and Gas Field Services segment drops below its recorded value.
How do you interpret oil and gas field services — goodwill impairment?: Any value above zero is negative, signaling that previous acquisitions are not performing as expected.
How does oil and gas field services — goodwill impairment compare across companies?: Comparable to impairment charges reported by companies facing market headwinds or failed integration of acquisitions.