How do you interpret advanced materials — goodwill translation adjustments?

Positive adjustments indicate a strengthening of foreign currencies relative to the reporting currency, while negative adjustments indicate a weakening, impacting the segment's net asset position.

How does advanced materials — goodwill translation adjustments compare across companies?

Standard reporting item for multinational corporations with significant international goodwill balances.

Eastman Chemical EMN Advanced Materials — Goodwill Translation Adjustments

Discontinued — last reported Q1 '16

Similar metrics at other companies

ESIPerformance Materials — Goodwill Foreign Currency Translation And Other

$34.2M+89.2%

TRMBAdvanced Devices — Goodwill Foreign Currency Translation Gain Loss

$50K—

ENTGCritical Materials Handling CMH — Goodwill Translation Adjustments

$0+100%

TRMBAdvanced Devices — Goodwill Translation Adjustments

$700K+185%

ESIPerformance Materials — Goodwill Foreign Currency Translation Gain Loss

$33.7M—

AVYPressure Sensitive Materials — Goodwill Translation Adjustments

$6.6M+192%

Other financials

Income statement

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Revenue$2.2B-4.9%

Gross profit$431.0M-24.0%

Net income$107.0M-41.2%

EPS (diluted)$0.93-40.8%

Balance sheet

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Cash & equivalents$665.0M+59.1%

Total debt$5.2B+4.0%

Total equity$6.0B+2.4%

Total assets$15.2B+1.7%

Cash flow

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Operating cash flow-$137.0M+18.0%

CapEx$103.0M-29.9%

Free cash flow-$240.0M+23.6%

Valuation

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Market cap$8.29B-14.2%

Enterprise value$12.84B-10.1%

P/E20.8×+10.3×

P/S1×-0.1×

Profitability

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Gross margin19.8%-5.1pp

Operating margin16%—

Net margin4.6%-5.2pp

FCF margin5.8%-0.4pp

Returns & leverage

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Return on equity6.7%-9.4pp

Debt / equity0.9×0.0×

Current ratio1.5×-0.3×

Where this comes from

Reported directly by Eastman Chemical in its filing.

Tagged under the XBRL concept us-gaap:GoodwillTranslationAdjustments.

The official record: Eastman Chemical’s 10-Q, filed May 5, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does advanced materials — goodwill translation adjustments mean?: The change in the value of goodwill due to fluctuations in foreign currency exchange rates.
How do you interpret advanced materials — goodwill translation adjustments?: Positive adjustments indicate a strengthening of foreign currencies relative to the reporting currency, while negative adjustments indicate a weakening, impacting the segment's net asset position.
How does advanced materials — goodwill translation adjustments compare across companies?: Standard reporting item for multinational corporations with significant international goodwill balances.