What does oil refiningand recycling — goodwill impairment mean?

A write-down of the value of past acquisitions in the oil refining and recycling segment.

How do you interpret oil refiningand recycling — goodwill impairment?

An increase signals that the segment is underperforming relative to the expectations set at the time of acquisition.

How does oil refiningand recycling — goodwill impairment compare across companies?

Comparable to impairment charges reported by companies undergoing strategic shifts or market downturns.

Clean Harbors CLH Oil Refiningand Recycling — Goodwill Impairment

Discontinued — last reported Q4 '15

Similar metrics at other companies

DINORefining — Goodwill impairment charges

$60.44M—

DINORefining — Goodwill, Impaired, Accumulated Impairment Loss

$309M0.0%

HIIOiland Gas Reporting — Goodwill Impairment

-$16M-36.2%

BGRefined and Specialty Oil Products — Goodwill, Impairment Loss

$0—

BGOther Oilseeds Processing and Refining — Goodwill, Impairment Loss

$0—

BGRefined and Specialty Oil Products — Goodwill, Impaired, Accumulated Impairment Loss

$103M-2.8%

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 refiningand recycling — goodwill impairment mean?: A write-down of the value of past acquisitions in the oil refining and recycling segment.
How do you interpret oil refiningand recycling — goodwill impairment?: An increase signals that the segment is underperforming relative to the expectations set at the time of acquisition.
How does oil refiningand recycling — goodwill impairment compare across companies?: Comparable to impairment charges reported by companies undergoing strategic shifts or market downturns.