Skip to content

Timken TKR Aerospace And Defense — Impairment Of Intangible Assets Excluding Goodwill

Discontinued — last reported Q3 '14

Similar metrics at other companies

IR
IRAerospace & Defense — Impairments
$59.4M
TTM Technologies logo
TTMIAerospace And Defense — Goodwill Impaired Accumulated Impairment Loss
$0
RBC Bearings logo
RBCAerospace And Defense — Asset Impairment Charges
$150K
IR
IRAerospace & Defense — Goodwill
$15.9M
Teledyne Technologies logo
TDYAerospace and Defense Electronics — Impairment of acquired intangible assets
$0
Woodward logo
WWDAerospace — Intangible Assets Gross Excluding Goodwill
$326.25M0.0%

Other financials

Income statement

See full
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

See full
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

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

Valuation

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

Profitability

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

Returns & leverage

See full
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:ImpairmentOfIntangibleAssetsExcludingGoodwill.

The official record: Timken’s 10-K, filed February 24, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does aerospace and defense — impairment of intangible assets excluding goodwill mean?
The value reduction of specific non-physical assets like patents or customer lists in the Aerospace and Defense segment.
How do you interpret aerospace and defense — impairment of intangible assets excluding goodwill?
An increase suggests that specific technologies or customer relationships in the segment are losing value or becoming obsolete faster than anticipated.
How does aerospace and defense — impairment of intangible assets excluding goodwill compare across companies?
Similar to asset write-downs for technology or intellectual property reported by peers in the defense and industrial manufacturing sectors.