How do you interpret trucking — goodwill impaired accumulated impairment loss?

An increase signals that previous acquisitions are underperforming or that market conditions have negatively impacted the value of those assets. High accumulated impairment is a negative indicator of past capital allocation decisions.

How does trucking — goodwill impaired accumulated impairment loss compare across companies?

Standard accounting disclosure for goodwill; comparable to accumulated impairment losses reported by peers in the transportation sector.

Knight-Swift Transportation Holdings Inc. KNX Trucking — Goodwill Impaired Accumulated Impairment Loss

Discontinued — last reported Q4 '16

Similar metrics at other companies

PAATransportation — Goodwill, Impaired, Accumulated Impairment Loss

$1.05B—

LFUSTransportation — Goodwill, Impaired, Accumulated Impairment Loss

$44.47M+4.4%

RDedicated Transportation Solutions — Goodwill Impaired Accumulated Impairment Loss

$0—

PAGRetail commercial truck dealership — Goodwill impairment charges

$0—

CCKOperating Segments — Goodwill Impaired Accumulated Impairment Loss

$826M0.0%

RDedicated Transportation Solutions — Goodwill Impairment

$0—

Other financials

Income statement

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Revenue$1.9B+1.4%

Operating income$28.6M-57.1%

Net income-$1.3M-104%

EPS (diluted)-$0.01-105%

Balance sheet

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Cash & equivalents$299.6M-14.2%

Total debt$3.1B+4.5%

Total equity$7.1B-0.9%

Total assets$11.9B-5.2%

Cash flow

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Operating cash flow$142.5M+30.3%

CapEx$130.0M+6.5%

Free cash flow$12.5M+199%

Valuation

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Market cap$12.05B+32.8%

Enterprise value$14.8B+25.9%

P/E168.7×-509×

P/S1.6×+0.4×

Profitability

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Operating margin2.4%-1.5pp

Net margin1.9%+1.3pp

FCF margin6.6%—

Returns & leverage

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Return on equity2%+1.3pp

Debt / equity0.4×0.0×

Current ratio0.7×-0.2×

Where this comes from

Reported directly by Knight-Swift Transportation Holdings Inc. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The official record: Knight-Swift Transportation Holdings Inc.’s 10-K, filed February 17, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does trucking — goodwill impaired accumulated impairment loss mean?: The total amount of value written off from the trucking segment's goodwill due to impairment.
How do you interpret trucking — goodwill impaired accumulated impairment loss?: An increase signals that previous acquisitions are underperforming or that market conditions have negatively impacted the value of those assets. High accumulated impairment is a negative indicator of past capital allocation decisions.
How does trucking — goodwill impaired accumulated impairment loss compare across companies?: Standard accounting disclosure for goodwill; comparable to accumulated impairment losses reported by peers in the transportation sector.