What is Xylem's impairment of intangible assets?

Xylem (XYL) reported impairment of intangible assets of $16M in Q2 2024.

What does impairment of intangible assets mean?

The expense recognized when the carrying value of finite-lived intangible assets, such as patents or customer lists, exceeds their fair value. This indicates a reduction in the expected future economic benefit of these specific assets.

Xylem XYL Impairment of intangible assets

Discontinued — last reported Q2 '24

Impairment of intangible assets at other companies

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Segments

By segment

See full

Water Solutions and Services$3M-76.9%

Corporate$2M+100%

Water Infrastructure$1M-66.7%

Other financials

Income statement

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Revenue$2.1B+2.7%

Gross profit$803.0M+4.6%

Operating income$244.0M+5.6%

Net income$193.0M+14.2%

EPS (diluted)$0.79+14.5%

Balance sheet

See full

Cash & equivalents$808.0M-23.7%

Total debt$2.6B+19.1%

Total equity$11.0B+1.4%

Total assets$17.0B+2.4%

Cash flow

See full

Operating cash flow$108.0M+227%

CapEx$90.0M+26.8%

Free cash flow$18.0M+147%

Valuation

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Market cap$28.1B-10.9%

Enterprise value$29.88B-8.2%

P/E28.6×-5.0×

P/S3.1×-0.5×

Profitability

See full

Gross margin38.6%+1.1pp

Operating margin13.6%+1.6pp

Net margin10.8%+0.3pp

FCF margin10.6%+0.3pp

Returns & leverage

See full

Return on equity9%+0.4pp

Debt / equity0.2×0.0×

Current ratio1.5×-0.4×

Where this comes from

Reported directly by Xylem in its filing.

Tagged under the XBRL concept us-gaap:ImpairmentOfIntangibleAssetsFinitelived.

The official record: Xylem’s 10-K, filed March 3, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Xylem's impairment of intangible assets?: Xylem (XYL) reported impairment of intangible assets of $16M in Q2 2024.
What does impairment of intangible assets mean?: The expense recognized when the carrying value of finite-lived intangible assets, such as patents or customer lists, exceeds their fair value. This indicates a reduction in the expected future economic benefit of these specific assets.