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

Lower charges are better; high charges suggest that previous investments are not yielding expected returns.

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

Standard impairment reporting across all capital-intensive industrial sectors.

Flowserve FLS Industrial Product Division — Asset Impairment Charges

Discontinued — last reported Q2 '18

Similar metrics at other companies

DOWIndustrial Intermediates & Infrastructure — Asset Impairment Charges

$58M—

LFUSIndustrial — Asset Impairment Charges

$0—

TXTIndustrial — Asset Impairment Charges

$0—

RRXIndustrial Systems — Asset Impairment Charges

$0—

LFUSIndustrial — Impairment Charges

$0—

LFUSIndustrial — Impairments

$0-100%

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 industrial product division — asset impairment charges mean?: The total accounting write-down of assets that have lost value.
How do you interpret industrial product division — asset impairment charges?: Lower charges are better; high charges suggest that previous investments are not yielding expected returns.
How does industrial product division — asset impairment charges compare across companies?: Standard impairment reporting across all capital-intensive industrial sectors.