What does operating segments — assets fair value adjustment mean?

Accounting adjustments to reflect the current market value of segment assets.

How do you interpret operating segments — assets fair value adjustment?

Significant adjustments may indicate recent M&A activity or asset impairment events.

How does operating segments — assets fair value adjustment compare across companies?

Common in companies with frequent M&A; comparable to purchase price allocation adjustments in peer firms.

Sunoco SUN Operating Segments — Assets Fair Value Adjustment

Discontinued — last reported Q1 '18

Similar metrics at other companies

BRGlobal Technology and Operations — Fair value adjustments

$0—

LENOperating Segments — Equity Method Investment Valuation Adjustment Of Assets Held By Investment

$1.08M—

FLREnergy Solutions — Assets, Fair Value Adjustment

$63M+200%

ESIIndustrial & Specialty — Purchase accounting adjustments

$0—

ZWSOperating Segments — Indefinite Lived Intangible Assets Purchase Accounting Adjustments

$0—

LUMNOperating Segments — Revenue Adjustments

-$129M—

Other financials

Income statement

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Revenue$10.7B+106%

Gross profit$1.7B+159%

Operating income$866.0M+193%

Net income$644.0M+211%

EPS (diluted)$2.85+136%

Balance sheet

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Cash & equivalents$718.0M+317%

Total debt$16.0B+91.4%

Total assets$30.3B+111%

Cash flow

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Operating cash flow$454.0M+191%

CapEx$199.0M+97.0%

Free cash flow$255.0M+364%

Valuation

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Market cap$11.96B+54.8%

Enterprise value$27.2B+71.0%

P/E12.4×+3.2×

P/S0.4×0.0×

Profitability

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Gross margin12.5%+2.3pp

Operating margin4.9%+1.4pp

Net margin3.1%-0.6pp

FCF margin2.7%—

Returns & leverage

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Current ratio1.4×-0.2×

Where this comes from

Reported directly by Sunoco in its filing.

Tagged under the XBRL concept us-gaap:AssetsFairValueAdjustment.

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

Questions, answered.

What does operating segments — assets fair value adjustment mean?: Accounting adjustments to reflect the current market value of segment assets.
How do you interpret operating segments — assets fair value adjustment?: Significant adjustments may indicate recent M&A activity or asset impairment events.
How does operating segments — assets fair value adjustment compare across companies?: Common in companies with frequent M&A; comparable to purchase price allocation adjustments in peer firms.