What does renewables — goodwill impairment charges mean?

A write-down of the value of previously acquired renewable businesses due to lower-than-expected performance.

How do you interpret renewables — goodwill impairment charges?

An increase signals that the segment is failing to meet the growth or profitability targets established at the time of acquisition.

How does renewables — goodwill impairment charges compare across companies?

Commonly reported by companies in the energy sector as they adjust to changing renewable market dynamics.

HF Sinclair DINO Renewables — Goodwill impairment charges

Discontinued — last reported Q4 '20

Similar metrics at other companies

AESRenewables — Goodwill impairment expense

$0—

AESRenewables — Goodwill, Impaired, Accumulated Impairment Loss

$35M0.0%

NRGRenewables — Impairment losses

$15M-50.0%

AESRenewables — Goodwill, Written off Related to Sale of Business Unit

$750K—

NRGRenewables — Impairment Of Investments

-$26.25M—

AESRenewables — Goodwill

$315M-0.9%

Other financials

Income statement

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Revenue$7.1B+11.8%

Gross profit$1.2B+187%

Operating income$847.0M+946%

Net income$648.0M+16,300%

EPS (diluted)$3.56+17,900%

Balance sheet

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Cash & equivalents$1.1B+110%

Total debt$3.3B+4.1%

Total equity$9.7B+5.2%

Total assets$18.2B+9.9%

Cash flow

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Operating cash flow$457.0M+613%

CapEx$102.0M+18.6%

Free cash flow$355.0M+303%

Valuation

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Market cap$11.63B+81.6%

Enterprise value$13.73B+52.2%

P/E9.2×—

P/S0.4×+0.3×

Profitability

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Gross margin11.1%+8.6pp

Operating margin6.1%—

Net margin4.6%—

FCF margin3.6%-4.2pp

Returns & leverage

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Return on equity13.4%—

Debt / equity0.3×0.0×

Current ratio1.8×-0.1×

Where this comes from

Reported directly by HF Sinclair in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAndIntangibleAssetImpairment.

The official record: HF Sinclair’s 10-K, filed February 28, 2023, on SEC EDGAR. View the filing →

Questions, answered.

What does renewables — goodwill impairment charges mean?: A write-down of the value of previously acquired renewable businesses due to lower-than-expected performance.
How do you interpret renewables — goodwill impairment charges?: An increase signals that the segment is failing to meet the growth or profitability targets established at the time of acquisition.
How does renewables — goodwill impairment charges compare across companies?: Commonly reported by companies in the energy sector as they adjust to changing renewable market dynamics.