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Masco MAS Plumbing Products — Goodwill Changes

Discontinued — last reported Q4 '15

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Other financials

Income statement

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Revenue$1.9B+6.5%
Gross profit$686.0M+6.5%
Operating income$316.0M+10.5%
Net income$213.0M+14.5%
EPS (diluted)$1.05+20.7%

Balance sheet

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Cash & equivalents$388.0M+2.9%
Total debt$3.2B0.0%
Total equity-$242.0M+4.7%
Total assets$5.2B+2.5%

Cash flow

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Operating cash flow-$79.0M+50.0%
CapEx$34.0M+6.3%
Free cash flow-$113.0M+40.5%

Valuation

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Market cap$15.01B-16.6%
Enterprise value$17.79B-14.0%
P/E17.9×-4.8×
P/S-0.4×

Profitability

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Gross margin35.4%-0.8pp
Operating margin16.6%-0.6pp
Net margin10.9%+0.6pp
FCF margin12.3%+1.3pp

Returns & leverage

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Return on equity-337.5%
Debt / equity15.4×
Current ratio1.8×0.0×

Where this comes from

Reported directly by Masco in its filing.

Tagged under the XBRL concept us-gaap:GoodwillOtherChanges.

The official record: Masco’s 10-K, filed February 12, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does plumbing products — goodwill changes mean?
The net change in the value of goodwill for the plumbing segment resulting from acquisitions, divestitures, or currency fluctuations.
How do you interpret plumbing products — goodwill changes?
An increase often indicates recent acquisition activity, while a decrease may signal divestitures or unfavorable foreign currency translation effects. Frequent adjustments may indicate an active M&A strategy within the plumbing product category.
How does plumbing products — goodwill changes compare across companies?
Similar to 'Goodwill Adjustments' or 'Net Change in Goodwill' reported by other manufacturing firms, though often specific to segment-level reporting in diversified industrial companies.