What does access equipment — asset impairment charges mean?

Non-cash charges recognized when the carrying value of assets within the Access Equipment segment exceeds their recoverable amount. This often occurs due to changes in market conditions, technological obsolescence, or strategic shifts in product lines. It serves as a signal of potential overvaluation or deteriorating business prospects for specific assets.

Oshkosh OSK Access Equipment — Asset Impairment Charges

Discontinued — last reported Q4 '16

Similar metrics at other companies

GSATImpairment Charges

$64K-99.1%

MDLNImpairment Charges

$0—

TDYImpairment Charges

$0-100%

CBOEImpairment Charges

$44.9M—

MLIImpairment Charges

$2.65M—

APTVEngineered Components — Asset Impairment Charges

$0-100%

Other financials

Income statement

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Revenue$2.3B+0.2%

Gross profit$311.9M-22.0%

Operating income$82.0M-53.2%

Net income$43.1M-61.6%

EPS (diluted)$0.68-60.5%

Balance sheet

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Cash & equivalents$250.3M+19.0%

Total debt$1.1B-22.4%

Total equity$4.5B+5.5%

Total assets$10.0B+2.0%

Cash flow

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Operating cash flow-$161.0M+59.2%

CapEx$28.1M-30.3%

Free cash flow-$189.1M+56.5%

Valuation

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Market cap$8.7B+51.7%

Enterprise value$9.6B+37.7%

P/E15.1×+5.7×

P/S0.8×+0.3×

Profitability

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Gross margin16.6%-1.5pp

Operating margin8.1%-0.7pp

Net margin5.5%-0.3pp

FCF margin8.3%+5.5pp

Returns & leverage

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Return on equity13.3%-2.0pp

Debt / equity0.3×-0.1×

Current ratio1.6×-0.1×

Where this comes from

Reported directly by Oshkosh in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: Oshkosh’s 10-K, filed November 20, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does access equipment — asset impairment charges mean?: Non-cash charges recognized when the carrying value of assets within the Access Equipment segment exceeds their recoverable amount. This often occurs due to changes in market conditions, technological obsolescence, or strategic shifts in product lines. It serves as a signal of potential overvaluation or deteriorating business prospects for specific assets.