What does cumulative gross losses and impairments mean?

This metric aggregates all unrealized losses and recognized impairment charges on investment securities that have not yet been realized through a sale. It provides a comprehensive view of the negative valuation adjustments impacting the bank's equity. It is a key indicator of the credit and market risk embedded in the bank's long-term holdings.

FTI Consulting FCN Cumulative Gross Losses and Impairments

Discontinued — last reported Q3 '20

Cumulative Gross Losses and Impairments at other companies

EvercoreEVR

$38.53M0.0%

Wintrust FinancialWTFC

$572.4M-11.2%

CitigroupC

$10.73B-29.9%

Fair IsaacFICO

——

Segments

By segment

See full

Strategic Communications$194.1M0.0%

Corporate Finance$0—

Economic Consulting$0—

Forensic And Litigation Consulting$0—

Technology$0—

Other financials

Income statement

See full

Revenue$983.3M+9.5%

Gross profit$306.8M+6.0%

Operating income$83.9M+6.6%

Net income$57.6M-6.8%

EPS (diluted)$1.90+9.2%

Balance sheet

See full

Cash & equivalents$198.3M+31.2%

Total debt$1.0B+155%

Total equity$1.7B-22.7%

Total assets$3.5B+4.7%

Cash flow

See full

Operating cash flow-$310.0M+33.4%

CapEx$10.6M-40.4%

Free cash flow-$320.6M+33.6%

Valuation

See full

Market cap$4.39B-8.3%

Profitability

See full

Gross margin31.9%0.0pp

Operating margin10.2%+1.3pp

Net margin6.9%-0.3pp

FCF margin4.3%-0.4pp

Returns & leverage

See full

Return on equity14%+1.5pp

Debt / equity0.6×+0.4×

Current ratio2.3×+0.1×

Where this comes from

Reported directly by FTI Consulting in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The official record: FTI Consulting’s 10-Q, filed October 29, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does cumulative gross losses and impairments mean?: This metric aggregates all unrealized losses and recognized impairment charges on investment securities that have not yet been realized through a sale. It provides a comprehensive view of the negative valuation adjustments impacting the bank's equity. It is a key indicator of the credit and market risk embedded in the bank's long-term holdings.