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Timken TKR Aerospace And Defense — Goodwill And Intangible Asset Impairment

Discontinued — last reported Q3 '14

Similar metrics at other companies

TTM Technologies logo
TTMIAerospace And Defense — Goodwill Impaired Accumulated Impairment Loss
$0
IR
IRAerospace & Defense — Goodwill
$15.9M
IR
IRAerospace & Defense — Impairments
$59.4M
RBC Bearings logo
RBCAerospace And Defense — Asset Impairment Charges
$150K
TTM Technologies logo
TTMIAerospace And Defense — Goodwill Gross
$256.2M0.0%
TTM Technologies logo
TTMIAerospace And Defense — Goodwill
$287.5M

Other financials

Income statement

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Revenue$1.2B+8.0%
Gross profit$394.0M+9.8%
Operating income$168.6M+17.1%
Net income$98.2M+25.4%
EPS (diluted)$1.40+26.1%

Balance sheet

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Cash & equivalents$344.7M-8.3%
Total debt$2.2B-2.1%
Total equity$3.2B+9.9%
Total assets$6.9B+4.7%

Cash flow

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Operating cash flow$39.3M-32.9%
CapEx$38.8M+10.2%
Free cash flow$500.0K-97.9%

Valuation

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Market cap$9.89B+39.1%
Enterprise value$11.74B+28.3%
P/E32.1×+10.4×
P/S2.1×+0.5×

Profitability

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Gross margin30.6%-0.4pp
Operating margin12.1%-0.5pp
Net margin6.6%-0.6pp
FCF margin8.2%+1.0pp

Returns & leverage

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Return on equity10.1%-1.8pp
Debt / equity0.7×-0.1×
Current ratio2.9×-0.3×

Where this comes from

Reported directly by Timken in its filing.

Tagged under the XBRL concept us-gaap:GoodwillAndIntangibleAssetImpairment.

The official record: Timken’s 10-K, filed February 21, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does aerospace and defense — goodwill and intangible asset impairment mean?
The total value reduction recorded for acquired assets and brand reputation within the Aerospace and Defense business unit.
How do you interpret aerospace and defense — goodwill and intangible asset impairment?
An increase indicates that the segment's future earnings potential has declined, suggesting that past acquisitions were overpriced or that the business environment has deteriorated.
How does aerospace and defense — goodwill and intangible asset impairment compare across companies?
Peers in the aerospace and defense sector frequently report similar charges during cyclical downturns or after failed integration of large-scale acquisitions.