What does americas — intangible impairment mean?

A non-cash charge for the loss in value of intangible assets with a limited lifespan.

How do you interpret americas — intangible impairment?

Lower impairment charges are better, as they indicate that the company's intangible assets are retaining their expected value.

How does americas — intangible impairment compare across companies?

Standard accounting metric for companies with significant acquisition history and intellectual property portfolios.

Watts Water Technologies, Inc. WTS Americas — Intangible Impairment

Discontinued — last reported Q4 '21

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ELThe Americas — Impairment charges of indefinite-lived intangible assets

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MODAmericas — Asset Impairment Charges

$300K—

AMWater Handling — Intangible Impairment

$6M—

JLLAmericas — Identified intangibles, net of accumulated amortization

$478.7M+12.8%

Other financials

Income statement

See full

Revenue$677.3M+21.4%

Gross profit$326.1M+19.7%

Operating income$133.0M+51.7%

Net income$99.6M+34.6%

EPS (diluted)$2.97+34.4%

Balance sheet

See full

Cash & equivalents$374.7M+11.3%

Total debt$197.8M+0.3%

Total equity$2.1B+18.3%

Total assets$2.9B+17.6%

Cash flow

See full

Operating cash flow$17.9M-67.6%

CapEx$11.3M+17.7%

Free cash flow$6.6M-85.5%

Valuation

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Market cap$11.48B+42.5%

Enterprise value$11.31B+42.8%

P/E31.3×+3.8×

P/S4.5×+0.9×

Profitability

See full

Gross margin49.2%+1.6pp

Operating margin19.3%+2.3pp

Net margin14.3%+1.3pp

FCF margin12.4%-2.6pp

Returns & leverage

See full

Return on equity18.9%+1.3pp

Debt / equity0.1×0.0×

Current ratio2.7×+0.3×

Where this comes from

Reported directly by Watts Water Technologies, Inc. in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfIntangibleAssetsFinitelived.

The official record: Watts Water Technologies, Inc.’s 10-K, filed February 22, 2022, on SEC EDGAR. View the filing →

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Questions, answered.

What is Watts Water Technologies, Inc.'s americas — intangible impairment?: Watts Water Technologies, Inc. (WTS) reported americas — intangible impairment of $100K in Q4 2021.
What does americas — intangible impairment mean?: A non-cash charge for the loss in value of intangible assets with a limited lifespan.
How do you interpret americas — intangible impairment?: Lower impairment charges are better, as they indicate that the company's intangible assets are retaining their expected value.
How does americas — intangible impairment compare across companies?: Standard accounting metric for companies with significant acquisition history and intellectual property portfolios.