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Qorvo QRVO Consolidation Eliminations — Intangible Assets Net Excluding Goodwill

Discontinued — last reported Q4 '18

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Other financials

Income statement

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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

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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

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

Valuation

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

Profitability

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

Returns & leverage

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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:IntangibleAssetsNetExcludingGoodwill.

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

Questions, answered.

What does consolidation eliminations — intangible assets net excluding goodwill mean?
This represents the elimination of intercompany intangible assets, such as internally developed intellectual property or licenses transferred between segments. It ensures that the consolidated balance sheet reflects only assets held by external parties. It prevents the inflation of asset values through internal transfers.