How do you interpret consolidation eliminations — income tax expense benefit?

Variations may indicate changes in the internal tax allocation methodology or corporate tax structure.

How does consolidation eliminations — income tax expense benefit compare across companies?

Standard in consolidated tax reporting for large, multi-entity corporations.

Voya Financial VOYA Consolidation Eliminations — Income Tax Expense Benefit

Discontinued — last reported Q3 '18

Similar metrics at other companies

CHTRConsolidation Eliminations — Income Tax Expense Benefit

$0—

QRVOConsolidation Eliminations — Income Tax Expense Benefit

$0—

FEConsolidation Eliminations — Income Tax Expense Benefit

$24M-22.6%

ACMConsolidation Eliminations — Income Tax Expense Benefit

$7.93M-81.9%

MOHConsolidation Eliminations — Income Tax Expense Benefit

$0—

VMI

VMIConsolidation Eliminations — Current Income Tax Expense Benefit

$137K+156%

Other financials

Income statement

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Revenue$2.0B+3.1%

Net income$182.0M+16.7%

EPS (diluted)$1.75+23.2%

Balance sheet

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Cash & equivalents$1.1B+7.9%

Total debt$2.5B+18.8%

Total equity$4.7B+6.3%

Total assets$173.43B+5.8%

Cash flow

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Operating cash flow-$36.0M+79.9%

Valuation

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Market cap$8.18B-2.1%

Enterprise value$9.59B+2.4%

P/E12×-2.6×

P/S1×-0.1×

Profitability

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Net margin8.2%+1.1pp

FCF margin26.1%—

Returns & leverage

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Return on equity15%+1.6pp

Debt / equity0.5×+0.1×

Where this comes from

Reported directly by Voya Financial in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Voya Financial’s 10-Q, filed November 1, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — income tax expense benefit mean?: The adjustment to remove internal tax-sharing entries between company units.
How do you interpret consolidation eliminations — income tax expense benefit?: Variations may indicate changes in the internal tax allocation methodology or corporate tax structure.
How does consolidation eliminations — income tax expense benefit compare across companies?: Standard in consolidated tax reporting for large, multi-entity corporations.