How do you interpret consolidation eliminations — comprehensive income net of tax?

An increase or decrease is a technical accounting adjustment rather than a reflection of external market performance.

How does consolidation eliminations — comprehensive income net of tax compare across companies?

Standard accounting practice for all consolidated entities with multiple business segments.

Pentair PNR Consolidation Eliminations — Comprehensive Income Net Of Tax

Discontinued — last reported Q2 '18

Similar metrics at other companies

VMI

VMIConsolidation Eliminations — Comprehensive Income Net Of Tax

-$29M+40.3%

NPOConsolidation Eliminations — Comprehensive Income Net Of Tax

-$4.8M+89.6%

RNRConsolidation Eliminations — Comprehensive Income Net Of Tax

-$224.47M-2.0%

WYConsolidation Eliminations — Comprehensive Income Net Of Tax

$3M-40.0%

WLKConsolidation Eliminations — Comprehensive Income Net Of Tax

-$232M-16.0%

RSConsolidation Eliminations — Comprehensive Income Net Of Tax

-$99M-19.1%

Other financials

Income statement

See full

Revenue$1.0B+2.6%

Gross profit$433.4M+7.5%

Operating income$210.0M+3.4%

Net income$172.4M+11.3%

EPS (diluted)$1.05+12.9%

Balance sheet

See full

Cash & equivalents$67.7M-51.8%

Total debt$2.7B+36.0%

Total equity$3.8B+4.9%

Total assets$7.1B+4.8%

Cash flow

See full

Operating cash flow-$67.4M-73.3%

CapEx$18.5M+10.1%

Free cash flow-$85.9M-54.2%

Valuation

See full

Market cap$12.01B-2.5%

Enterprise value$14.6B+2.6%

P/E17.9×-1.1×

P/S2.9×-0.2×

Profitability

See full

Gross margin40.9%+1.4pp

Operating margin20.6%+0.3pp

Net margin16%+0.1pp

FCF margin17%-1.7pp

Returns & leverage

See full

Return on equity18%-0.6pp

Debt / equity0.7×+0.2×

Current ratio1.9×0.0×

Where this comes from

Reported directly by Pentair in its filing.

Tagged under the XBRL concept us-gaap:ComprehensiveIncomeNetOfTax.

The official record: Pentair’s 10-Q, filed July 25, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — comprehensive income net of tax mean?: The removal of internal profit or loss items from comprehensive income during consolidation.
How do you interpret consolidation eliminations — comprehensive income net of tax?: An increase or decrease is a technical accounting adjustment rather than a reflection of external market performance.
How does consolidation eliminations — comprehensive income net of tax compare across companies?: Standard accounting practice for all consolidated entities with multiple business segments.