How do you interpret material reconciling items — intangible amortization?

Higher values indicate significant historical acquisition activity, while lower values suggest a reduction in amortizable intangible asset bases.

How does material reconciling items — intangible amortization compare across companies?

Standard reconciling item for companies with significant M&A history.

Viavi Solutions Inc. VIAV Material Reconciling Items — Intangible Amortization

Discontinued — last reported Q3 '18

Similar metrics at other companies

VSATMaterial Reconciling Items — Amortization Of Acquired Intangible Asset

$2.47M-23.2%

TYLMaterial Reconciling Items — Amortization Of Intangible Assets

$3.32M-0.3%

AGCOMaterial Reconciling Items — Amortization Of Intangible Assets

$15.7M+17.2%

WTWMaterial Reconciling Items — Amortization Of Intangible Assets

$140M-6.0%

TEC

TECHMaterial Reconciling Items — Amortization Of Intangible Assets

$11.3M-2.8%

GENMaterial Reconciling Items — Amortization Of Intangible Assets

$111M0.0%

Other financials

Income statement

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Revenue$406.8M+42.8%

Gross profit$234.1M+45.7%

Operating income$24.8M+192%

Net income$6.4M-67.2%

EPS (diluted)$0.03-66.7%

Balance sheet

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Cash & equivalents$499.0M+33.4%

Total debt$286.6M+2.5%

Total equity$846.5M+16.1%

Total assets$2.5B+30.8%

Cash flow

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Operating cash flow$42.5M-4.9%

CapEx$5.9M-13.2%

Free cash flow$36.9M+1.1%

Valuation

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Market cap$11.64B+210%

Enterprise value$11.42B+213%

P/S8.5×+4.9×

Profitability

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Gross margin56.9%-0.8pp

Operating margin4.3%—

Net margin-4%-4.5pp

FCF margin6.3%-1.8pp

Returns & leverage

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Return on equity-7%-7.7pp

Debt / equity0.3×0.0×

Current ratio1.6×+0.1×

Where this comes from

Reported directly by Viavi Solutions Inc. in its filing.

Tagged under the XBRL concept us-gaap:AmortizationOfIntangibleAssets.

The official record: Viavi Solutions Inc.’s 10-Q, filed May 9, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does material reconciling items — intangible amortization mean?: The non-cash cost of writing down intangible assets that is not attributed to a specific business unit.
How do you interpret material reconciling items — intangible amortization?: Higher values indicate significant historical acquisition activity, while lower values suggest a reduction in amortizable intangible asset bases.
How does material reconciling items — intangible amortization compare across companies?: Standard reconciling item for companies with significant M&A history.