How do you interpret consolidation — increase decreasein intercompany loans?

Changes reflect internal capital allocation strategies and liquidity management between the parent company and its various business units.

How does consolidation — increase decreasein intercompany loans compare across companies?

Standard adjustment for any multi-entity organization with centralized treasury functions.

Lennox International LII Consolidation — Increase Decreasein Intercompany Loans

Discontinued — last reported Q3 '18

Similar metrics at other companies

GLPIConsolidation Eliminations — Increase Decrease In Other Operating Liabilities

$0—

GLPIConsolidation Eliminations — Increase Decrease In Intercompany Receivables

$0—

CLHConsolidation Eliminations — Intercompany Debt Financing

$925.25K-97.8%

ALLYConsolidation Eliminations — Net Change In Debt Intercompany

$516M-41.7%

PNRConsolidation Eliminations — Intercompany Loan Activity Net

-$765.2M+38.6%

CLHConsolidation Eliminations — Intercompany Debt Investing

$925.25K-91.2%

Other financials

Income statement

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Revenue$1.1B+5.8%

Gross profit$351.3M+3.1%

Operating income$163.5M-2.7%

Net income$117.2M-9.6%

EPS (diluted)$3.35-7.7%

Balance sheet

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Cash & equivalents$48.2M-77.8%

Total debt$1.7B+7.6%

Total equity$1.2B+20.9%

Total assets$4.3B+24.2%

Cash flow

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Operating cash flow$16.1M+145%

CapEx$55.5M+118%

Free cash flow-$39.4M+35.7%

Valuation

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Market cap$18.53B-19.0%

Enterprise value$20.14B-16.5%

P/E23.4×-4.7×

P/S3.5×-0.7×

Profitability

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Gross margin33.2%+0.1pp

Operating margin19.7%+0.3pp

Net margin15.1%-0.1pp

FCF margin12.6%-1.8pp

Returns & leverage

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Return on equity75.8%-43.9pp

Debt / equity1.4×-0.2×

Current ratio1.6×+0.1×

Where this comes from

Reported directly by Lennox International in its filing.

Tagged under the XBRL concept lii:IncreaseDecreaseinIntercompanyLoans.

The official record: Lennox International’s 10-Q, filed October 22, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation — increase decreasein intercompany loans mean?: The net change in internal debt balances between different parts of the company.
How do you interpret consolidation — increase decreasein intercompany loans?: Changes reflect internal capital allocation strategies and liquidity management between the parent company and its various business units.
How does consolidation — increase decreasein intercompany loans compare across companies?: Standard adjustment for any multi-entity organization with centralized treasury functions.