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The J.M. Smucker Company SJM International and Away From Home — Goodwill impairment charges

Discontinued — last reported Q4 '19

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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:GoodwillImpairmentLoss.

The official record: The J.M. Smucker Company’s 10-K, filed June 19, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does international and away from home — goodwill impairment charges mean?
The amount of value written off from previous acquisitions within the International and Away From Home business segment due to declining performance or market outlook.
How do you interpret international and away from home — goodwill impairment charges?
An increase indicates a negative reassessment of the segment's long-term profitability and asset value, while a zero or low value suggests stable or growing asset performance.
How does international and away from home — goodwill impairment charges compare across companies?
Peers in the packaged food industry periodically report similar impairment charges when international market conditions or foodservice demand shifts negatively, often benchmarking against total segment asset value.