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TTM Technologies TTMI Corporate — Capitalized Computer Software Impairments1

Discontinued — last reported Q1 '16

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HSICGlobal Technology — Capitalized Computer Software Impairments1
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HSICCapitalized software write-off
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$0-100%

Other financials

Income statement

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Revenue$846.0M+30.4%
Gross profit$181.2M+38.3%
Operating income$72.4M+44.1%
Net income$50.0M+55.3%
EPS (diluted)$0.47+51.6%

Balance sheet

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Cash & equivalents$410.0M-0.3%
Total debt$1.0B+2.9%
Total equity$1.8B+15.8%
Total assets$4.0B+15.2%

Cash flow

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Operating cash flow$21.7M+304%
CapEx$106.8M+68.7%
Free cash flow-$85.1M-15.0%

Valuation

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Market cap$22.48B+385%
Enterprise value$23.12B+299%
P/E115.1×+55.8×
P/S7.2×+5.4×

Profitability

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Gross margin21%+1.0pp
Operating margin9.2%+3.3pp
Net margin6.3%+3.2pp
FCF margin-0.7%

Returns & leverage

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Return on equity11.4%+6.4pp
Debt / equity0.6×-0.1×
Current ratio1.9×-0.2×

Where this comes from

Reported directly by TTM Technologies in its filing.

Tagged under the XBRL concept us-gaap:CapitalizedComputerSoftwareImpairments1.

The official record: TTM Technologies’s 10-Q, filed May 11, 2017, on SEC EDGAR. View the filing →

Questions, answered.

What does corporate — capitalized computer software impairments1 mean?
A write-off of software development costs that are no longer considered valuable to the company.
How do you interpret corporate — capitalized computer software impairments1?
An increase indicates inefficiencies in IT project management or a shift in corporate strategy that renders existing software investments obsolete.
How does corporate — capitalized computer software impairments1 compare across companies?
Comparable to 'Impairment of Intangible Assets' or 'Software Write-offs' found in the SG&A or corporate expense lines of technology-heavy manufacturing firms.