What does healthand infrastructure — goodwill impairment mean?

The current period expense for reducing the value of goodwill in the Health and Infrastructure segment.

How do you interpret healthand infrastructure — goodwill impairment?

Any value above zero signals a negative reassessment of the segment's future earnings potential.

How does healthand infrastructure — goodwill impairment compare across companies?

Reported by peers when business units fail to meet long-term growth expectations.

Leidos Holdings LDOS Healthand Infrastructure — Goodwill Impairment

Discontinued — last reported Q2 '14

Similar metrics at other companies

CNP

CNPInfrastructure Services — Goodwill Impairment

$0—

VMI

VMIInfrastructure — Goodwill Impaired Accumulated Impairment Loss

$114.25M+131%

VMI

VMIInfrastructure — Goodwill Impairment

$41.87M—

DOWIndustrial Intermediates & Infrastructure — Goodwill, Impairment Loss

$172.5M—

DVADE — Goodwill Impairment

$78.44M—

HSICHealthcare Distribution — Goodwill Impairment

$5M—

Other financials

Income statement

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Revenue$4.4B+3.7%

Gross profit$761.0M+0.5%

Operating income$508.0M-4.2%

Net income$328.0M-9.6%

EPS (diluted)$2.56-7.6%

Balance sheet

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Cash & equivalents$538.0M-41.8%

Total debt$6.7B+13.8%

Total equity$5.0B+17.8%

Total assets$15.4B+16.6%

Cash flow

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Operating cash flow$301.0M+419%

CapEx$31.0M+40.9%

Free cash flow$270.0M+650%

Valuation

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Market cap$13.47B+0.7%

Enterprise value$19.6B+5.6%

P/E9.5×-0.5×

P/S0.8×0.0×

Profitability

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Gross margin17.9%+0.7pp

Operating margin12%+0.6pp

Net margin8.2%+0.3pp

FCF margin10.7%+3.5pp

Returns & leverage

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Return on equity30.5%-0.8pp

Debt / equity1.3×0.0×

Current ratio1.4×-0.1×

Where this comes from

Reported directly by Leidos Holdings in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Leidos Holdings’s 10-K, filed February 24, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does healthand infrastructure — goodwill impairment mean?: The current period expense for reducing the value of goodwill in the Health and Infrastructure segment.
How do you interpret healthand infrastructure — goodwill impairment?: Any value above zero signals a negative reassessment of the segment's future earnings potential.
How does healthand infrastructure — goodwill impairment compare across companies?: Reported by peers when business units fail to meet long-term growth expectations.