What does consolidation eliminations — profit loss mean?

This represents the elimination of intercompany profits or losses arising from internal transactions, such as the sale of goods or services between subsidiaries. It ensures that consolidated profit only includes realized gains from external customers.

Penske Automotive Group PAG Consolidation Eliminations — Profit Loss

Discontinued — last reported Q3 '18

Similar metrics at other companies

TKOEliminations — Revenue

-$9.44M+28.1%

DISSegment Eliminations — Revenue

-$643M-32.9%

APGCorporate and Elimination — Net revenues

$1.98B+15.3%

DISIntersegment Eliminations — Revenue

$643M+32.9%

MRSHConsolidation, Gain (Loss), Amount

$3.25M—

CLFEliminations — Cost of Product and Service Sold

-$42M-50.0%

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:ProfitLoss.

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 — profit loss mean?: This represents the elimination of intercompany profits or losses arising from internal transactions, such as the sale of goods or services between subsidiaries. It ensures that consolidated profit only includes realized gains from external customers.