What does consolidation — senior notes mean?

This metric represents the elimination of intercompany debt obligations, specifically senior notes, held between the parent and its subsidiaries. It ensures that the consolidated balance sheet only reflects debt owed to external creditors. This prevents the artificial inflation of the company's total debt burden.

Toll Brothers TOL Consolidation — Senior Notes

Discontinued — last reported Q3 '17

Similar metrics at other companies

MSSenior unsecured notes, net

$349.39B+23.4%

PMTSenior unsecured notes, net

$0-100%

BXMTSenior unsecured notes, net

$782.22M+0.4%

SFSenior unsecured notes, net

$617.65M+0.1%

EGSenior unsecured notes, net

$2.35B+0.1%

KIMSenior unsecured notes, net

$7.72B+1.8%

Other financials

Income statement

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Revenue$2.5B-7.6%

Gross profit$604.9M-14.3%

Operating income$346.6M-22.9%

Net income$260.6M-26.1%

EPS (diluted)$2.72-22.3%

Balance sheet

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Cash & equivalents$1.2B+53.9%

Total debt$139.8M+8.1%

Total equity$8.5B+6.6%

Total assets$14.5B+2.4%

Cash flow

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Operating cash flow$134.5M-62.9%

CapEx$24.5M+56.9%

Free cash flow$110.0M-68.3%

Valuation

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Market cap$14.55B+34.0%

Enterprise value$13.52B+32.0%

P/E11.3×+3.4×

P/S1.3×+0.3×

Profitability

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Gross margin24.2%-2.0pp

Operating margin14.6%-2.0pp

Net margin11.7%-1.3pp

FCF margin11%+4.2pp

Returns & leverage

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Return on equity15.7%-2.4pp

Debt / equity0×0.0×

Where this comes from

Reported directly by Toll Brothers in its filing.

Tagged under the XBRL concept us-gaap:SeniorNotes.

The official record: Toll Brothers’s 10-Q, filed September 6, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation — senior notes mean?: This metric represents the elimination of intercompany debt obligations, specifically senior notes, held between the parent and its subsidiaries. It ensures that the consolidated balance sheet only reflects debt owed to external creditors. This prevents the artificial inflation of the company's total debt burden.