How do you interpret consolidation eliminations — liabilities current?

Changes indicate variations in short-term liquidity management and internal cash flow cycles between business units.

How does consolidation eliminations — liabilities current compare across companies?

Standard accounting adjustment found in all consolidated financial statements of multi-subsidiary corporations.

Penske Automotive Group PAG Consolidation Eliminations — Liabilities Current

Discontinued — last reported Q3 '18

Similar metrics at other companies

NPOConsolidation Eliminations — Liabilities Current

-$41.1M-21.6%

SJMConsolidation Eliminations — Liabilities Current

-$13.2M+9.0%

MOHConsolidation Eliminations — Liabilities Current

$0—

APTVConsolidation Eliminations — Liabilities Current

-$5.99B+26.6%

CLHConsolidation Eliminations — Liabilities Current

-$13.69M-14.3%

LVSConsolidation Eliminations — Liabilities Current

-$1.31B-23.7%

Other financials

Income statement

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Revenue$7.9B-1.1%

Gross profit$1.3B-1.7%

Operating income$289.0M-12.3%

Net income$234.5M-9.0%

EPS (diluted)$3.56-7.8%

Balance sheet

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Cash & equivalents$83.7M-32.1%

Total debt$5.2B+22.5%

Total equity$5.7B+5.0%

Total assets$18.3B+8.2%

Cash flow

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Operating cash flow$215.0M-26.1%

CapEx$62.6M-26.1%

Free cash flow$152.4M-26.1%

Valuation

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Market cap$11.52B+2.3%

Enterprise value$16.62B+8.8%

P/E12.6×+1.4×

P/S0.4×0.0×

Profitability

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Gross margin18.3%+0.1pp

Operating margin4%-0.3pp

Net margin2.9%-0.2pp

FCF margin1.9%-0.3pp

Returns & leverage

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Return on equity16.5%-3.1pp

Debt / equity0.9×+0.1×

Current ratio1×+0.1×

Where this comes from

Reported directly by Penske Automotive Group in its filing.

Tagged under the XBRL concept us-gaap:LiabilitiesCurrent.

The official record: Penske Automotive Group’s 10-Q, filed October 26, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — liabilities current mean?: The removal of short-term internal debts between company subsidiaries during consolidation.
How do you interpret consolidation eliminations — liabilities current?: Changes indicate variations in short-term liquidity management and internal cash flow cycles between business units.
How does consolidation eliminations — liabilities current compare across companies?: Standard accounting adjustment found in all consolidated financial statements of multi-subsidiary corporations.