What does distribution and services — goodwill impairment mean?

A write-down of the value of goodwill due to a decline in the expected performance of acquired assets.

How do you interpret distribution and services — goodwill impairment?

An increase is a negative signal indicating poor acquisition performance or adverse market shifts.

How does distribution and services — goodwill impairment compare across companies?

Rarely occurring for healthy companies; peers typically report this only during significant economic downturns or strategic pivots.

Kirby Corporation KEX Distribution And Services — Goodwill Impairment

Discontinued — last reported Q4 '21

Similar metrics at other companies

HSICGlobal Distribution And Value Added Services — Goodwill Impairment

$0—

HDistribution — Goodwill impairment losses

$9.5M—

GTLSDistribution Storage — Goodwill And Intangible Asset Impairment

$0-100%

IPDistribution — Goodwill Impairment

$0—

HDistribution — Goodwill, Impaired, Accumulated Impairment Loss

$38M0.0%

CLHTechnical Services — Goodwill Impairment

$0—

Other financials

Income statement

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Revenue$844.1M+7.4%

Operating income$107.7M+2.0%

Net income$81.2M+6.9%

EPS (diluted)$1.50+12.8%

Balance sheet

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Cash & equivalents$58.0M+13.6%

Total debt$1.2B-7.4%

Total equity$3.4B+2.7%

Total assets$6.1B+1.7%

Cash flow

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Operating cash flow$97.7M+167%

CapEx$48.3M-38.7%

Free cash flow$49.4M+217%

Valuation

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Market cap$7.52B+24.0%

Enterprise value$8.64B+18.3%

P/E20.9×+0.2×

P/S2.2×+0.3×

Profitability

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Operating margin14.6%+2.1pp

Net margin10.5%+1.5pp

FCF margin14.5%+4.4pp

Returns & leverage

See full

Return on equity10.7%+1.7pp

Debt / equity0.3×0.0×

Current ratio1.6×0.0×

Where this comes from

Reported directly by Kirby Corporation in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Kirby Corporation’s 10-K, filed February 21, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Kirby Corporation's distribution and services — goodwill impairment?: Kirby Corporation (KEX) reported distribution and services — goodwill impairment of $0 in Q4 2021.
What does distribution and services — goodwill impairment mean?: A write-down of the value of goodwill due to a decline in the expected performance of acquired assets.
How do you interpret distribution and services — goodwill impairment?: An increase is a negative signal indicating poor acquisition performance or adverse market shifts.
How does distribution and services — goodwill impairment compare across companies?: Rarely occurring for healthy companies; peers typically report this only during significant economic downturns or strategic pivots.