How do you interpret international — goodwill purchase accounting adjustments?

Frequent or large adjustments may suggest complexity or uncertainty in the valuation of acquired international assets.

How does international — goodwill purchase accounting adjustments compare across companies?

Standard accounting practice following M&A activity.

Clorox CLX International — Goodwill Purchase Accounting Adjustments

Discontinued — last reported Q4 '19

Similar metrics at other companies

CPAYInternational — Goodwill Purchase Accounting Adjustments

-$323.5K—

TPRInternational — Goodwill Purchase Accounting Adjustments

$0—

TRUInternational — Goodwill, Purchase Accounting Adjustments

-$400K—

GNRCInternational — Goodwill Purchase Accounting Adjustments

$77.5K—

WTWInternational — Goodwill Purchase Accounting Adjustments

$250K-85.7%

GISInternational — Goodwill, Measurement Period Adjustment

$0—

Other financials

Income statement

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Revenue$1.7B+0.1%

Gross profit$722.0M-3.0%

Net income$187.0M+0.5%

EPS (diluted)$1.54+2.7%

Balance sheet

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Cash & equivalents$1.2B+418%

Total debt$4.5B+52.4%

Total equity-$67.0M-348%

Total assets$6.4B+16.8%

Cash flow

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Operating cash flow$311.0M+72.8%

CapEx$43.0M-18.9%

Free cash flow$269.0M+112%

Valuation

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Market cap$11.58B-30.9%

Enterprise value$14.88B-24.1%

P/E15.3×-8.8×

P/S1.7×-0.7×

Profitability

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Gross margin43.8%-1.4pp

Net margin11.2%+1.3pp

FCF margin11.5%+1.8pp

Returns & leverage

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Return on equity249.6%+147pp

Debt / equity9.1×+0.1×

Current ratio0.8×+0.1×

Where this comes from

Reported directly by Clorox in its filing.

Tagged under the XBRL concept us-gaap:GoodwillPurchaseAccountingAdjustments.

The official record: Clorox’s 10-K, filed August 14, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does international — goodwill purchase accounting adjustments mean?: Refinements to the initial accounting values of an acquired business.
How do you interpret international — goodwill purchase accounting adjustments?: Frequent or large adjustments may suggest complexity or uncertainty in the valuation of acquired international assets.
How does international — goodwill purchase accounting adjustments compare across companies?: Standard accounting practice following M&A activity.