What is Western Union's assets held for sale?

Western Union (WU) reported assets held for sale of $240.6M in Q2 2023.

How has Western Union's assets held for sale changed year-over-year?

Western Union's assets held for sale decreased by 65.1% year-over-year, from $688.9M to $240.6M.

What does assets held for sale mean?

Assets committed to a plan of sale, expected to be sold within one year, and carried at the lower of carrying amount or fair value less costs to sell.

Western Union WU Assets Held for Sale

Assets Held for Sale at other companies

CoreCivicCXW

$2.51M—

HexcelHXL

$0-100%

Hycroft Mining Holding CorporationHYMC

$2.89M-49.2%

Capri HoldingsCPRI

$0-100%

Werner EnterprisesWERN

$23.23M—

Western UnionWU

$240.6M-65.1%

Other financials

Income statement

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Revenue$982.7M-0.1%

Gross profit$327.8M-10.0%

Operating income$123.0M-30.7%

Net income$64.7M-47.6%

EPS (diluted)$0.20-44.4%

Balance sheet

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Cash & equivalents$909.2M-29.5%

Total debt$2.6B-6.0%

Total assets$8.1B-2.9%

Cash flow

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Operating cash flow$109.0M-26.5%

CapEx$6.4M+88.2%

Free cash flow$102.6M-29.1%

Valuation

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Market cap$2.2B-23.5%

Enterprise value$3.91B-12.3%

P/E5×+1.8×

P/S0.5×-0.1×

Profitability

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Gross margin36.1%-1.2pp

Operating margin17.4%+0.2pp

Net margin10.9%-11.2pp

FCF margin11.6%—

Returns & leverage

See full

Return on equity19.9%—

Debt / equity6.3×—

Where this comes from

Reported directly by Western Union in its filing.

Tagged under the XBRL concept us-gaap:AssetsOfDisposalGroupIncludingDiscontinuedOperation.

The official record: Western Union’s 10-Q, filed July 26, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Western Union's assets held for sale?: Western Union (WU) reported assets held for sale of $240.6M in Q2 2023.
How has Western Union's assets held for sale changed year-over-year?: Western Union's assets held for sale decreased by 65.1% year-over-year, from $688.9M to $240.6M.
What does assets held for sale mean?: Assets committed to a plan of sale, expected to be sold within one year, and carried at the lower of carrying amount or fair value less costs to sell.