How do you interpret ANGI homeservices — contract with customer asset net noncurrent?

An increase indicates a growing backlog of long-term service obligations, while a decrease suggests the realization of long-term contract value.

Match Group MTCH ANGI Homeservices — Contract With Customer Asset Net Noncurrent

Discontinued — last reported Q4 '17

Similar metrics at other companies

ATIReportable Legal Entities — Contract With Customer Asset Net Noncurrent

$16.1M—

ATIReportable Legal Entities — Contract With Customer Asset Net Current

$38.6M—

THCConifer — Contract With Customer Asset Net Noncurrent

$11M+83.3%

LHXContract With Customer, Asset, Net Of Liability, Current

$706M-50.1%

OTISContract with Customer Asset (Liability), Net

-$2.38B-7.3%

LINChange in contract assets and liabilities, net

-$108M-66.2%

Other financials

Income statement

See full

Revenue$863.9M+3.9%

Gross profit$653.3M+9.9%

Operating income$236.4M+37.0%

Net income$166.8M+41.9%

EPS (diluted)$0.68+54.5%

Balance sheet

See full

Cash & equivalents$1.0B+149%

Total debt$4.0B+16.0%

Total equity-$218.1M-19.4%

Total assets$4.4B+13.3%

Cash flow

See full

Operating cash flow$194.4M+0.6%

CapEx$20.4M+32.1%

Free cash flow$174.0M-2.1%

Valuation

See full

Market cap$8.27B-8.6%

Enterprise value$11.22B-6.8%

P/E12.5×-4.1×

P/S2.4×-0.3×

Profitability

See full

Gross margin73.8%+2.0pp

Operating margin26.6%+3.1pp

Net margin18.8%+3.0pp

FCF margin29%+6.0pp

Returns & leverage

See full

Return on equity6%—

Debt / equity1.5×—

Current ratio1.6×-0.1×

Where this comes from

Reported directly by Match Group in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerAssetNetNoncurrent.

The official record: Match Group’s 10-K, filed February 28, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does ANGI homeservices — contract with customer asset net noncurrent mean?: Revenue earned from long-term contracts that will not be billed or collected for more than one year.
How do you interpret ANGI homeservices — contract with customer asset net noncurrent?: An increase indicates a growing backlog of long-term service obligations, while a decrease suggests the realization of long-term contract value.
How does ANGI homeservices — contract with customer asset net noncurrent compare across companies?: Used by companies with multi-year service contracts; peers report this as a non-current asset.