What does mobile industries — goodwill changes mean?

Adjustments to the value of goodwill in the Mobile Industries segment caused by factors other than impairment or sales.

How do you interpret mobile industries — goodwill changes?

Significant changes may indicate currency volatility or accounting adjustments related to past acquisitions.

How does mobile industries — goodwill changes compare across companies?

Standard accounting disclosure for companies with significant acquisition-related intangible assets.

Timken TKR Mobile Industries — Goodwill Changes

Discontinued — last reported Q2 '16

Similar metrics at other companies

TRMBMobile Solutions — Goodwill Changes

$1.6M—

TConsumer Mobility — Goodwill Changes

$3.5M—

TRMBMobile Solutions — Goodwill Translation Adjustments

$3.2M+280%

QRVOMobile Products — Goodwill, Period Increase (Decrease)

-$241K+89.5%

TRMBMobile Solutions — Goodwill Purchase Accounting Adjustments

$100K+119%

QRVOMobile Products — Goodwill, Purchase Accounting Adjustments

$572K+2,459%

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:GoodwillOtherChanges.

The official record: Timken’s 10-Q, filed July 28, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does mobile industries — goodwill changes mean?: Adjustments to the value of goodwill in the Mobile Industries segment caused by factors other than impairment or sales.
How do you interpret mobile industries — goodwill changes?: Significant changes may indicate currency volatility or accounting adjustments related to past acquisitions.
How does mobile industries — goodwill changes compare across companies?: Standard accounting disclosure for companies with significant acquisition-related intangible assets.