What does US — goodwill translation adjustments mean?

The impact of foreign currency exchange rate fluctuations on the carrying value of goodwill assigned to the US segment. This captures the non-cash adjustments required to reconcile reporting currency changes against the underlying asset value.

General Mills GIS US — Goodwill Translation Adjustments

Discontinued — last reported Q2 '17

Similar metrics at other companies

PPCU.S. — Goodwill, Foreign Currency Translation, Gain (Loss)

$0—

TDYGoodwill Adjustments

-$35.6M-166%

JLLInvestment Management — Goodwill, Translation Adjustments

-$300K-160%

MSGoodwill Adjustments

$5M+187%

CATGoodwill Adjustments

$20M+219%

JLLCapital Markets Services — Goodwill, Translation Adjustments

-$7.4M-152%

Other financials

Income statement

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Revenue$4.4B-8.4%

Gross profit$1.4B-16.6%

Operating income$524.6M-41.1%

Net income$303.1M-51.6%

EPS (diluted)$0.56-50.0%

Balance sheet

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Cash & equivalents$785.5M+50.7%

Total debt$11.8B-3.4%

Total equity$9.3B+0.9%

Total assets$32.4B-0.9%

Cash flow

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Operating cash flow$397.9M-25.2%

CapEx$102.4M-1.4%

Free cash flow$295.5M-31.0%

Valuation

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Market cap$17.84B-27.8%

Enterprise value$28.88B-22.1%

P/E8.1×-1.6×

P/S1×-0.3×

Profitability

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Gross margin33%-2.3pp

Operating margin19%+0.7pp

Net margin12.1%-1.0pp

FCF margin9%-3.6pp

Returns & leverage

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Return on equity23.8%-3.6pp

Debt / equity1.3×-0.1×

Current ratio0.6×-0.1×

Where this comes from

Reported directly by General Mills in its filing.

Tagged under the XBRL concept us-gaap:GoodwillTranslationAdjustments.

The official record: General Mills’s 10-Q, filed December 20, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does US — goodwill translation adjustments mean?: The impact of foreign currency exchange rate fluctuations on the carrying value of goodwill assigned to the US segment. This captures the non-cash adjustments required to reconcile reporting currency changes against the underlying asset value.