What does NC&C — accumulated impairment mean?

The total historical reduction in the value of assets within the Network Computing & Communications segment due to impairment.

How do you interpret NC&C — accumulated impairment?

An increase signals that previous investments or acquisitions in this segment have failed to meet performance expectations.

How does NC&C — accumulated impairment compare across companies?

Standard accounting metric for asset valuation adjustments across all capital-intensive industries.

Leonardo DRS, Inc. DRS NC&C — Accumulated impairment

Discontinued — last reported Q1 '20

Similar metrics at other companies

CDWCorporate — Accumulated impairment losses

$1.57B0.0%

DDNutrition & Biosciences — Asset Impairment Charges

$63M—

WWDCorporate Non — Asset Impairment Charges

$12.6M—

CAVAOther — Total impairment

$0—

CDWOther — Accumulated impairment losses

$28M0.0%

NRZ

NRZCorporate Non — Total Impairment Charges

——

Other financials

Income statement

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Revenue$846.0M+5.9%

Gross profit$212.0M+17.1%

Operating income$77.0M+30.5%

Net income$62.0M+24.0%

EPS (diluted)$0.23+21.1%

Balance sheet

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Cash & equivalents$328.0M-13.7%

Total debt$170.0M-53.7%

Total equity$2.8B+7.7%

Total assets$4.2B+2.8%

Cash flow

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Operating cash flow-$66.0M+52.2%

CapEx$30.0M-6.3%

Free cash flow-$96.0M+43.5%

Valuation

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Market cap$12.29B+35.8%

Enterprise value$12.13B+34.1%

P/E42.4×+3.7×

P/S3.3×+0.6×

Profitability

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Gross margin24.4%+1.5pp

Operating margin9.9%+0.7pp

Net margin7.8%+0.9pp

FCF margin8.1%—

Returns & leverage

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Return on equity10.9%+1.4pp

Debt / equity0.1×-0.1×

Current ratio1.9×-0.2×

Where this comes from

Reported directly by Leonardo DRS, Inc. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The official record: Leonardo DRS, Inc.’s 10-K, filed March 28, 2022, on SEC EDGAR. View the filing →

Questions, answered.

What does NC&C — accumulated impairment mean?: The total historical reduction in the value of assets within the Network Computing & Communications segment due to impairment.
How do you interpret NC&C — accumulated impairment?: An increase signals that previous investments or acquisitions in this segment have failed to meet performance expectations.
How does NC&C — accumulated impairment compare across companies?: Standard accounting metric for asset valuation adjustments across all capital-intensive industries.