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ITT ITT Industrial Process — Impairment Of Intangible Assets Indefinitelived Excluding Goodwill

Discontinued — last reported Q4 '16

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Other financials

Income statement

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Revenue$1.2B+32.7%
Gross profit$428.8M+32.7%
Operating income$141.2M-6.4%
Net income$78.0M-28.0%
EPS (diluted)$0.89-33.1%

Balance sheet

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Cash & equivalents$600.8M+36.6%
Total debt$3.5B+321%
Total equity$4.7B+70.5%
Total assets$11.1B+130%

Cash flow

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Operating cash flow$39.9M-64.8%
CapEx$26.1M-29.1%
Free cash flow$13.8M-82.0%

Valuation

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Market cap$17.6B+55.9%
Enterprise value$20.49B+76.8%
P/E38.5×+16.6×
P/S4.2×+1.0×

Profitability

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Gross margin35.5%+0.5pp
Operating margin15.9%-2.8pp
Net margin10.8%-3.4pp
FCF margin11.4%-1.9pp

Returns & leverage

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Return on equity12.2%-7.1pp
Debt / equity0.7×+0.4×
Current ratio1.5×+0.3×

Where this comes from

Reported directly by ITT in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfIntangibleAssetsIndefinitelivedExcludingGoodwill.

The official record: ITT’s 10-K, filed February 16, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does industrial process — impairment of intangible assets indefinitelived excluding goodwill mean?
A charge taken when the value of intangible assets, like brand names or patents, is determined to have decreased.
How do you interpret industrial process — impairment of intangible assets indefinitelived excluding goodwill?
An increase suggests that the segment's intangible assets are losing value, which may indicate competitive pressure or poor strategic acquisitions.
How does industrial process — impairment of intangible assets indefinitelived excluding goodwill compare across companies?
Reported as 'Impairment of Intangible Assets' in segment-level notes to the financial statements.