What does industrial — goodwill adjustments mean?

Net changes to the industrial segment's goodwill balance caused by currency movements and final acquisition accounting adjustments.

How do you interpret industrial — goodwill adjustments?

Fluctuations primarily reflect macroeconomic currency trends or the maturation of recent acquisition accounting, rather than operational success.

How does industrial — goodwill adjustments compare across companies?

Comparable to 'Foreign Currency Translation' and 'Purchase Price Allocation Adjustments' reported by multinational corporations.

Genuine Parts GPC Industrial — Goodwill Adjustments

Discontinued — last reported Q4 '17

Similar metrics at other companies

MKCIndustrial — Goodwill Translation Adjustments

-$2.9M-93.3%

GGGIndustrial — Goodwill Translation Adjustments

$1.59M+452%

TXTIndustrial — Goodwill Translation Adjustments

-$3.5M+17.6%

WWDIndustrial — Goodwill Translation Adjustments

-$1.19M—

SWKIndustrial — Goodwill Translation Adjustments

-$43.2M-2,033%

GGGIndustrial — Goodwill Purchase Accounting Adjustments

$0—

Other financials

Income statement

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Revenue$6.3B+6.8%

Gross profit$2.3B+7.6%

Net income$188.5M-3.0%

EPS (diluted)$1.37-2.1%

Balance sheet

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Cash & equivalents$500.0M+18.9%

Total debt$6.4B+4.2%

Total equity$4.5B+0.6%

Total assets$21.0B+5.9%

Cash flow

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Operating cash flow$63.9M+257%

CapEx$97.6M-18.6%

Free cash flow-$33.6M+79.1%

Valuation

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Market cap$14.96B-11.0%

Enterprise value$20.82B-7.4%

P/E17.3×+4.3×

P/S0.6×-0.1×

Profitability

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Gross margin36.9%+0.3pp

Net margin3.4%-1.3pp

FCF margin2.2%+0.7pp

Returns & leverage

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Return on equity17.1%-7.4pp

Debt / equity1.4×0.0×

Current ratio1.1×-0.1×

Where this comes from

Reported directly by Genuine Parts in its filing.

Tagged under the XBRL concept us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments.

The official record: Genuine Parts’s 10-K, filed February 27, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does industrial — goodwill adjustments mean?: Net changes to the industrial segment's goodwill balance caused by currency movements and final acquisition accounting adjustments.
How do you interpret industrial — goodwill adjustments?: Fluctuations primarily reflect macroeconomic currency trends or the maturation of recent acquisition accounting, rather than operational success.
How does industrial — goodwill adjustments compare across companies?: Comparable to 'Foreign Currency Translation' and 'Purchase Price Allocation Adjustments' reported by multinational corporations.