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Willis Towers Watson WTW Consolidation Eliminations — Proceeds From Repayments Of Lines Of Credit

Discontinued — last reported Q2 '18

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Other financials

Income statement

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Revenue$2.4B+8.5%
Operating income$448.0M+3.7%
Net income$297.0M+26.4%
EPS (diluted)$3.10+33.0%

Balance sheet

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Cash & equivalents$1.9B+23.1%
Total debt$6.9B+16.5%
Total equity$8.0B-1.9%
Total assets$29.6B+5.6%

Cash flow

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Operating cash flow-$10.0M+71.4%
CapEx$55.0M+7.8%
Free cash flow-$65.0M+24.4%

Valuation

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Market cap$24.1B-18.5%
Enterprise value$29.15B-14.7%
P/E14.5×
P/S2.4×-0.6×

Profitability

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Operating margin22.7%+14.8pp
Net margin16.8%

Returns & leverage

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Return on equity20.7%
Debt / equity0.9×+0.1×
Current ratio1.2×0.0×

Where this comes from

Reported directly by Willis Towers Watson in its filing.

Tagged under the XBRL concept us-gaap:ProceedsFromRepaymentsOfLinesOfCredit.

The official record: Willis Towers Watson’s 10-Q, filed August 6, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does consolidation eliminations — proceeds from repayments of lines of credit mean?
Adjustments to remove internal credit repayments between company subsidiaries during financial consolidation.
How do you interpret consolidation eliminations — proceeds from repayments of lines of credit?
Fluctuations reflect changes in internal treasury management and intercompany funding structures rather than external financing activity.
How does consolidation eliminations — proceeds from repayments of lines of credit compare across companies?
Standard in large multinational corporations with complex intercompany lending arrangements.