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Qorvo QRVO Consolidation Eliminations — Long Term Investments

Discontinued — last reported Q4 '18

Similar metrics at other companies

CLFEliminations — Capital additions

$0—

BOther Eliminations — Long-Lived Assets

$0—

CLFEliminations — Total Assets

$0—

HXLCorporate Reconciling Items And Eliminations — Segment Expenditure Addition To Long Lived Assets

$46.5M+43.5%

DDLong-term investments

$452M-57.8%

LPLALong-term investments

$100.32M-27.3%

Other financials

Income statement

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

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

Operating cash flow$276.3M+38.7%

CapEx$21.2M-25.5%

Free cash flow$255.0M+49.4%

Valuation

Market cap$8.66B+6.1%

Enterprise value$9.05B+2.9%

P/E25.6×-121×

P/S2.4×+0.2×

Profitability

Gross margin45.9%+4.6pp

Operating margin11.2%+8.6pp

Net margin9.2%+7.7pp

FCF margin18.5%+5.4pp

Returns & leverage

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:LongTermInvestments.

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 investments mean?: This adjustment removes the value of internal investments or equity stakes held by one segment in another. It prevents the inflation of asset values by ensuring that only external investments are reported on the consolidated balance sheet.