How do you interpret material reconciling items — intangible amortization?

Higher levels reflect significant historical M&A activity; consistent levels suggest a stable portfolio of acquired assets.

How does material reconciling items — intangible amortization compare across companies?

Standard across high-growth sectors that rely on inorganic growth through acquisitions.

Zimmer Biomet Holdings ZBH Material Reconciling Items — Intangible Amortization

Discontinued — last reported Q2 '18

Similar metrics at other companies

HPQMaterial Reconciling Items — Amortization Of Intangible Assets

$20M+1,900%

PNRMaterial Reconciling Items — Amortization Of Intangible Assets

$9.1M-2.2%

CCKMaterial Reconciling Items — Amortization Of Intangible Assets

$11M+10.0%

GPCMaterial Reconciling Items — Amortization Of Intangible Assets

$21.4M+98.1%

NVTMaterial Reconciling Items — Amortization Of Intangible Assets

$15.1M-1.9%

WTWMaterial Reconciling Items — Amortization Of Intangible Assets

$140M-6.0%

Other financials

Income statement

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Revenue$2.1B+9.3%

Gross profit$1.5B+11.1%

Operating income$373.2M+27.7%

Net income$238.1M+30.8%

EPS (diluted)$1.22+34.1%

Balance sheet

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Cash & equivalents$424.2M-69.4%

Total debt$7.5B+4.1%

Total equity$12.7B+2.2%

Total assets$22.7B+2.4%

Cash flow

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Operating cash flow$359.4M-6.1%

CapEx$36.3M-18.6%

Free cash flow$323.1M-4.5%

Valuation

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Market cap$17.02B-21.5%

Enterprise value$24.07B-12.7%

P/E22.4×-1.4×

P/S2×-0.8×

Profitability

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Gross margin70%-1.0pp

Operating margin14%-3.0pp

Net margin9.1%-2.8pp

FCF margin17.3%-1.6pp

Returns & leverage

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Return on equity6.1%-1.2pp

Debt / equity0.6×0.0×

Current ratio1.7×-0.7×

Where this comes from

Reported directly by Zimmer Biomet Holdings in its filing.

Tagged under the XBRL concept us-gaap:AmortizationOfIntangibleAssets.

The official record: Zimmer Biomet Holdings’s 10-Q, filed August 6, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does material reconciling items — intangible amortization mean?: The periodic expense of writing down the value of acquired intangible assets.
How do you interpret material reconciling items — intangible amortization?: Higher levels reflect significant historical M&A activity; consistent levels suggest a stable portfolio of acquired assets.
How does material reconciling items — intangible amortization compare across companies?: Standard across high-growth sectors that rely on inorganic growth through acquisitions.