How do you interpret industrial systems — goodwill translation adjustments?

Reflects macroeconomic currency volatility rather than operational performance; helps isolate true organic goodwill changes.

How does industrial systems — goodwill translation adjustments compare across companies?

Standard for multinational industrial firms with global operations.

Moog Inc. MOG.B Industrial Systems — Goodwill Translation Adjustments

Discontinued — last reported Q1 '16

Similar metrics at other companies

RRXIndustrial Systems — Goodwill, Foreign Currency Translation Gain (Loss)

-$500K-122%

SWKIndustrial — Goodwill Translation Adjustments

-$43.2M-2,033%

MKCIndustrial — Goodwill Translation Adjustments

-$2.9M-93.3%

GGGIndustrial — Goodwill Translation Adjustments

$1.59M+452%

RRXCommercialand Industrial Systems — Goodwill Foreign Currency Translation Gain Loss

-$5.2M-1,633%

WWDIndustrial — Goodwill Translation Adjustments

-$1.19M—

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 February 1, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does industrial systems — goodwill translation adjustments mean?: Changes in the value of goodwill caused by shifts in currency exchange rates.
How do you interpret industrial systems — goodwill translation adjustments?: Reflects macroeconomic currency volatility rather than operational performance; helps isolate true organic goodwill changes.
How does industrial systems — goodwill translation adjustments compare across companies?: Standard for multinational industrial firms with global operations.