What does components — goodwill translation adjustments mean?

Changes in the reported value of goodwill for the components segment caused by shifts in foreign currency exchange rates.

How do you interpret components — goodwill translation adjustments?

An increase suggests a strengthening of the foreign currency relative to the reporting currency, while a decrease suggests a weakening, impacting the balance sheet without affecting cash flow.

How does components — goodwill translation adjustments compare across companies?

Standard for multinational corporations; peers typically report this within 'foreign currency translation adjustments' or 'accumulated other comprehensive income'.

Moog Inc. MOG.B Components — Goodwill Translation Adjustments

Discontinued — last reported Q2 '16

Similar metrics at other companies

ARWGlobal Components — Goodwill Translation Adjustments

-$15.83M-609%

GGGProcess — Goodwill Translation Adjustments

-$4.4M-421%

ARWGlobal Components — Goodwill Foreign Currency Translation Gain Loss

-$3.08M-151%

IRMCorporate And Other — Goodwill Translation Adjustments

$0—

CGOperating Segments — Goodwill Translation Adjustments

$400K—

RRXCommercialand Industrial Systems — Goodwill Translation Adjustments

-$1.78M+43.7%

Other financials

Income statement

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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

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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

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Operating cash flow$129.6M+224%

CapEx$31.8M-15.4%

Free cash flow$97.8M—

Valuation

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Market cap$13.64B+85.6%

Enterprise value$14.79B+66.6%

P/E48.1×+13.7×

P/S3.3×+1.3×

Profitability

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Gross margin27.4%-0.4pp

Net margin6.8%+1.0pp

FCF margin-3.9%—

Returns & leverage

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Return on equity14.5%+2.4pp

Debt / equity0.7×-0.1×

Current ratio1.7×-0.7×

Where this comes from

Reported directly by Moog Inc. in its filing.

Tagged under the XBRL concept us-gaap:GoodwillTranslationAdjustments.

The official record: Moog Inc.’s 10-Q, filed May 2, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does components — goodwill translation adjustments mean?: Changes in the reported value of goodwill for the components segment caused by shifts in foreign currency exchange rates.
How do you interpret components — goodwill translation adjustments?: An increase suggests a strengthening of the foreign currency relative to the reporting currency, while a decrease suggests a weakening, impacting the balance sheet without affecting cash flow.
How does components — goodwill translation adjustments compare across companies?: Standard for multinational corporations; peers typically report this within 'foreign currency translation adjustments' or 'accumulated other comprehensive income'.