What does consolidation eliminations — liabilities current mean?

This represents the elimination of short-term intercompany liabilities during the consolidation process. It removes internal payables that are due within one year to ensure the consolidated balance sheet only reflects external short-term obligations. This is a standard accounting procedure for multi-entity organizations.

The J.M. Smucker Company SJM Consolidation Eliminations — Liabilities Current

Discontinued — last reported Q1 '18

Similar metrics at other companies

CLFEliminations — Total Assets

$0—

RITMLiabilities related to deconsolidated CFEs

$451.8M—

NEEOther Current Liabilities

$915M+30.5%

BOther Eliminations — Long-Lived Assets

$0—

COther Current Liabilities

$1.33B+35.9%

APAOther Current Liabilities

$251M+13.6%

Other financials

Income statement

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Revenue$2.3B+5.8%

Gross profit$862.1M+4.7%

Operating income$444.5M+174%

Net income-$724.2M-9.3%

EPS (diluted)-$6.79-9.2%

Balance sheet

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Cash & equivalents$58.6M-16.2%

Total debt$7.0B-10.6%

Total equity$5.5B-8.9%

Total assets$16.2B-7.7%

Cash flow

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Operating cash flow$579.2M+47.0%

CapEx$95.3M+0.3%

Free cash flow$483.9M+61.9%

Valuation

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Market cap$11.82B-15.1%

Enterprise value$18.75B-13.4%

P/S1.3×-0.3×

Profitability

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Gross margin33.5%-5.3pp

Operating margin4%+2.4pp

Net margin-14.1%-19.1pp

FCF margin12.8%+3.4pp

Returns & leverage

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Return on equity-20.7%-26.1pp

Debt / equity1.3×0.0×

Current ratio0.8×0.0×

Where this comes from

Reported directly by The J.M. Smucker Company in its filing.

Tagged under the XBRL concept us-gaap:LiabilitiesCurrent.

The official record: The J.M. Smucker Company’s 10-Q, filed August 31, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — liabilities current mean?: This represents the elimination of short-term intercompany liabilities during the consolidation process. It removes internal payables that are due within one year to ensure the consolidated balance sheet only reflects external short-term obligations. This is a standard accounting procedure for multi-entity organizations.