Skip to content

Qorvo QRVO Consolidation Eliminations — Income Tax Expense Benefit

Discontinued — last reported Q4 '18

Similar metrics at other companies

Essential Utilities logo
WTRGOther And Eliminations — Income Tax Expense Benefit
$17.16M+297%
Loews logo
LCorporate — Income Tax Expense (Benefit)
-$10M-42.9%
Roivant Sciences logo
ROIVOther — Current Income Tax Expense Benefit
-$6.75K
Dominion Energy logo
DCorporate And Other — Income Tax Expense Benefit
-$176M-17.3%
International Business Machines logo
IBMIncome Tax Expense (Benefit), Continuing and Discontinuing Operations, Net
-$65.5M-23.6%
Cherry Hill Mortgage Investment logo
CHMIAll Other Segments — Income Tax Expense Benefit
$0

Other financials

Income statement

See full
Revenue$808.3M-7.0%
Gross profit$395.0M+7.8%
Operating income$31.5M+11.7%
Net income$29.7M-5.2%
EPS (diluted)$0.32-3.0%

Balance sheet

See full
Cash & equivalents$1.2B+19.4%
Total debt$1.6B-0.3%
Total equity$3.3B-1.4%
Total assets$5.8B-1.8%

Cash flow

See full
Operating cash flow$276.3M+38.7%
CapEx$21.2M-25.5%
Free cash flow$255.0M+49.4%

Valuation

See full
Market cap$8.66B+6.1%
Enterprise value$9.05B+2.9%
P/E25.6×-121×
P/S2.4×+0.2×

Profitability

See full
Gross margin45.9%+4.6pp
Operating margin11.2%+8.6pp
Net margin9.2%+7.7pp
FCF margin18.5%+5.4pp

Returns & leverage

See full
Return on equity10.1%+8.5pp
Debt / equity0.5×0.0×
Current ratio3.2×+0.5×

Where this comes from

Reported directly by Qorvo in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Qorvo’s 10-K, filed May 21, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — income tax expense benefit mean?
This reflects the elimination of intercompany tax effects that arise from internal transactions. It ensures that the consolidated income tax expense represents only the tax liability owed to external tax authorities. It is a necessary adjustment for accurate consolidated tax reporting.