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Qorvo QRVO Consolidation Eliminations — Long Term Debt

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:LongTermDebt.

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

Questions, answered.

What does consolidation eliminations — long term debt mean?
The removal of internal long-term loans between different parts of the company.
How do you interpret consolidation eliminations — long term debt?
An increase or decrease reflects changes in internal capital allocation strategies between business units.
How does consolidation eliminations — long term debt compare across companies?
Standard practice for consolidated financial reporting in large corporations.