What does cumulative gross losses and impairments mean?

This metric aggregates all unrealized losses and recognized impairment charges on investment securities that have not yet been realized through a sale. It provides a comprehensive view of the negative valuation adjustments impacting the bank's equity. It is a key indicator of the credit and market risk embedded in the bank's long-term holdings.

Moog MOG.A Cumulative Gross Losses and Impairments

Discontinued — last reported Q3 '16

Cumulative Gross Losses and Impairments at other companies

Wells Fargo & CompanyWFC

$32.93B-12.9%

CitigroupC

$10.73B-29.9%

Howmet AerospaceHWM

$725M0.0%

Merck & Co.MRK

$531M0.0%

TerexTEX

$62M0.0%

Stifel FinancialSF

$12.52M+1.3%

Segments

By segment

See full

Industrial$38.2M0.0%

Space And Defense$4.8M0.0%

Other financials

Income statement

See full

Revenue$1.1B+12.6%

Gross profit$287.6M+11.1%

Net income$81.8M+49.9%

EPS (diluted)$2.55+49.1%

Balance sheet

See full

Cash & equivalents$307.6M+390%

Total debt$1.5B+6.9%

Total equity$2.1B+16.4%

Total assets$4.9B+13.8%

Cash flow

See full

Operating cash flow$129.6M+224%

CapEx$31.8M-15.4%

Free cash flow$97.8M—

Valuation

See full

Market cap$13.64B+85.6%

Enterprise value$14.79B+66.6%

P/E48.1×+13.7×

P/S3.3×+1.3×

Profitability

See full

Gross margin27.4%-0.4pp

Net margin6.8%+1.0pp

FCF margin-3.9%—

Returns & leverage

See full

Return on equity14.5%+2.4pp

Debt / equity0.7×-0.1×

Current ratio1.7×-0.7×

Where this comes from

Reported directly by Moog in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The official record: Moog’s 10-Q, filed August 1, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does cumulative gross losses and impairments mean?: This metric aggregates all unrealized losses and recognized impairment charges on investment securities that have not yet been realized through a sale. It provides a comprehensive view of the negative valuation adjustments impacting the bank's equity. It is a key indicator of the credit and market risk embedded in the bank's long-term holdings.