What does operating segments — asset impairment charges mean?

The accounting write-down of the value of assets held by a business segment.

How do you interpret operating segments — asset impairment charges?

An increase signals potential overvaluation of past investments or a decline in the segment's future earnings potential.

How does operating segments — asset impairment charges compare across companies?

Investors compare this to total segment assets to assess the quality of the balance sheet and the accuracy of historical investment valuations.

SPX Technologies SPXC Operating Segments — Asset Impairment Charges

Discontinued — last reported Q4 '15

Similar metrics at other companies

RBAOperating Segments — Asset Impairment Charges

$8.91M—

MLIOperating Segments — Asset Impairment Charges

$0—

RRXOperating Segments — Asset Impairment Charges

$10M+751%

APTVOperating Segments — Asset Impairment Charges

$1M-75.0%

XYLCorporate Segment — Asset Impairment Charges

$2M+100%

PEA

PEAKOperating Segments — Asset Impairment Charges

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Other financials

Income statement

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Revenue$566.8M+17.4%

Gross profit$230.6M+17.7%

Operating income$87.7M+31.7%

Net income$59.9M+17.0%

EPS (diluted)$1.19+9.2%

Balance sheet

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Cash & equivalents$158.3M-13.1%

Total debt$697.6M-31.7%

Total equity$2.3B+58.3%

Total assets$3.9B+23.6%

Cash flow

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Operating cash flow$30.6M+381%

CapEx$18.5M+236%

Free cash flow$12.1M+174%

Valuation

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Market cap$12.16B+67.0%

Enterprise value$12.7B+54.3%

P/E48.1×+12.2×

P/S5.2×+1.5×

Profitability

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Gross margin40.5%-0.1pp

Operating margin15.8%+0.3pp

Net margin10.8%+0.6pp

FCF margin11.5%-0.1pp

Returns & leverage

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Return on equity13.6%-1.6pp

Debt / equity0.3×-0.4×

Current ratio2.1×+0.2×

Where this comes from

Reported directly by SPX Technologies in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The official record: SPX Technologies’s 10-K, filed February 26, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does operating segments — asset impairment charges mean?: The accounting write-down of the value of assets held by a business segment.
How do you interpret operating segments — asset impairment charges?: An increase signals potential overvaluation of past investments or a decline in the segment's future earnings potential.
How does operating segments — asset impairment charges compare across companies?: Investors compare this to total segment assets to assess the quality of the balance sheet and the accuracy of historical investment valuations.