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Tractor Supply Company TSCO Tractor Supply Company and Petsense — Goodwill, Impairment Loss

Discontinued — last reported Q4 '21

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Other financials

Income statement

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Revenue$3.6B+3.6%
Gross profit$1.3B+3.6%
Operating income$233.4M-6.3%
Net income$164.5M-8.3%
EPS (diluted)$0.31-8.8%

Balance sheet

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Cash & equivalents$224.3M-3.2%
Total debt$6.4B+11.2%
Total equity$2.5B+12.3%
Total assets$11.7B+12.3%

Cash flow

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Operating cash flow$91.1M-58.0%
CapEx$202.6M+43.4%
Free cash flow-$111.5M-248%

Valuation

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Market cap$15.86B-18.7%
Enterprise value$22.04B-13.8%
P/E8.1×-9.9×
P/S-0.3×

Profitability

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Gross margin36.4%+0.1pp
Operating margin9.3%-0.4pp
Net margin12.5%+5.2pp
FCF margin3.5%

Returns & leverage

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Return on equity82.1%+32.4pp
Debt / equity2.5×0.0×
Current ratio1.4×0.0×

Where this comes from

Reported directly by Tractor Supply Company in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Tractor Supply Company’s 10-K, filed February 17, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Tractor Supply Company's tractor supply company and petsense — goodwill, impairment loss?
Tractor Supply Company (TSCO) reported tractor supply company and petsense — goodwill, impairment loss of $0 in Q4 2021.
What does tractor supply company and petsense — goodwill, impairment loss mean?
A non-cash expense recorded when the value of previously acquired business assets is deemed to have permanently declined.
How do you interpret tractor supply company and petsense — goodwill, impairment loss?
An increase indicates a negative adjustment to the value of past acquisitions, signaling potential operational challenges or a decline in the segment's long-term growth prospects.
How does tractor supply company and petsense — goodwill, impairment loss compare across companies?
Retail peers periodically report impairment losses during economic downturns or following strategic shifts; frequent or large impairments are generally viewed negatively by investors as a sign of poor capital allocation.