How do you interpret engineered product division — asset impairment charges?

An increase signals potential overvaluation of assets or deteriorating market conditions for the segment's products.

How does engineered product division — asset impairment charges compare across companies?

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

Flowserve FLS Engineered Product Division — Asset Impairment Charges

Discontinued — last reported Q2 '17

Similar metrics at other companies

APTVEngineered Components — Asset Impairment Charges

$0-100%

APTVEngineered Components Group — Asset Impairment Charges

$2M-60.0%

RBCEngineered Products — Impairment Charge On Reclassified Assets

$1.34M—

CRSPerformance Engineered Products — Tangible asset impairment charges

$2.5M-36.7%

CRSPerformance Engineered Products — Asset impairment charges

$4.9M—

APTVElectrical Distribution Systems — Asset Impairment Charges

$7M—

Other financials

Income statement

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Revenue$1.1B-6.7%

Gross profit$379.8M+2.8%

Operating income$119.4M-9.4%

Net income$81.7M+10.5%

EPS (diluted)$0.64+14.3%

Balance sheet

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Cash & equivalents$792.4M+46.5%

Total debt$1.9B+12.7%

Total equity$2.2B+6.4%

Total assets$5.7B+4.6%

Cash flow

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Operating cash flow-$43.1M+13.7%

CapEx$16.9M+44.0%

Free cash flow-$60.0M+2.7%

Valuation

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Market cap$10.44B+45.4%

Enterprise value$11.59B+37.9%

P/E27.3×+1.8×

P/S2.2×+0.7×

Profitability

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Gross margin34.2%+2.5pp

Operating margin8.3%-2.1pp

Net margin8.2%+2.1pp

FCF margin9.9%+4.3pp

Returns & leverage

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Return on equity17.8%+3.8pp

Debt / equity0.9×0.0×

Current ratio2.2×+0.1×

Where this comes from

Reported directly by Flowserve in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: Flowserve’s 10-K, filed February 20, 2019, on SEC EDGAR. View the filing →

Questions, answered.

What does engineered product division — asset impairment charges mean?: Non-cash write-downs of asset values within the Engineered Product Division due to declining performance or market conditions.
How do you interpret engineered product division — asset impairment charges?: An increase signals potential overvaluation of assets or deteriorating market conditions for the segment's products.
How does engineered product division — asset impairment charges compare across companies?: Standard accounting metric for asset valuation adjustments across all capital-intensive industries.