What does corporate segment — goodwill, impairment loss mean?

A non-cash charge taken when the value of a previously acquired business unit is determined to be lower than its recorded book value.

How do you interpret corporate segment — goodwill, impairment loss?

An increase signals a negative adjustment to the value of past acquisitions and potential underlying business weakness.

How does corporate segment — goodwill, impairment loss compare across companies?

Comparable to 'Goodwill Impairment' charges reported by any financial institution following M&A activity.

Zions Bancorporation ZION Corporate Segment — Goodwill, Impairment Loss

Discontinued — last reported Q4 '19

Similar metrics at other companies

IES

IESCCorporate Segment — Goodwill impairment expense

$0—

ZBHProduct Category Operating Segments — Goodwill Impairment

$272M—

EQHCorporate And Other — Goodwill Impairment

$0-100%

FNFCorporate and Other — Goodwill impairment

$750K—

ADBEReportable Segment — Impairment of goodwill

$70M—

BPOPOperating Segments — Goodwill Impairment

——

Other financials

Income statement

See full

Revenue$849.0M+6.8%

Net income$233.0M+37.1%

EPS (diluted)$1.56+38.1%

Balance sheet

See full

Total debt$2.2B+83.9%

Total equity$7.3B+15.3%

Total assets$88.0B0.0%

Cash flow

See full

Operating cash flow$423.0M+136%

CapEx$25.0M-7.4%

Free cash flow$398.0M+162%

Valuation

See full

Market cap$9.73B+15.2%

P/E10.1×-0.4×

P/S2.8×+0.2×

Profitability

See full

Net margin28%+2.8pp

FCF margin37.5%+7.0pp

Returns & leverage

See full

Return on equity14.1%+0.9pp

Debt / equity0.3×+0.1×

Where this comes from

Reported directly by Zions Bancorporation in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairmentLoss.

The official record: Zions Bancorporation’s 10-K, filed February 26, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does corporate segment — goodwill, impairment loss mean?: A non-cash charge taken when the value of a previously acquired business unit is determined to be lower than its recorded book value.
How do you interpret corporate segment — goodwill, impairment loss?: An increase signals a negative adjustment to the value of past acquisitions and potential underlying business weakness.
How does corporate segment — goodwill, impairment loss compare across companies?: Comparable to 'Goodwill Impairment' charges reported by any financial institution following M&A activity.