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.

Owens Corning OC Cumulative Gross Losses and Impairments

Discontinued — last reported Q3 '20

Cumulative Gross Losses and Impairments at other companies

AllegionALLE

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MascoMAS

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Segments

By segment

See full

Doors$1.14B—

Insulation$974M+2.1%

Roofing$0—

Other financials

Income statement

See full

Revenue$2.3B-10.5%

Gross profit$510.0M-29.7%

Operating income$120.0M-70.5%

Net income-$105.0M-12.9%

EPS (diluted)-$1.29-19.4%

Balance sheet

See full

Cash & equivalents$272.0M-32.0%

Total debt$5.6B-6.4%

Total equity$3.6B-25.4%

Total assets$13.1B-8.2%

Cash flow

See full

Operating cash flow-$154.0M-214%

CapEx$233.0M+14.8%

Free cash flow-$387.0M-53.6%

Valuation

See full

Market cap$10.32B-28.8%

Enterprise value$15.63B-21.2%

P/S1.1×-0.3×

Profitability

See full

Gross margin26.7%-3.6pp

Operating margin7.6%-9.6pp

Net margin-5.4%—

FCF margin8.4%-2.4pp

Returns & leverage

See full

Return on equity-12.5%—

Debt / equity1.5×+0.3×

Current ratio1.2×-0.2×

Where this comes from

Reported directly by Owens Corning in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

The official record: Owens Corning’s 10-Q, filed October 28, 2020, 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.