What does material reconciling items — stand up costs mean?

One-time costs associated with setting up new business operations or facilities.

How do you interpret material reconciling items — stand up costs?

An increase indicates significant capital expansion or organizational restructuring, while a decrease suggests the completion of major setup projects.

How does material reconciling items — stand up costs compare across companies?

Similar to 'startup costs' or 'pre-operating expenses' found in other large-cap pharmaceutical or manufacturing firms.

Zoetis ZTS Material Reconciling Items — Stand Up Costs

Discontinued — last reported Q4 '17

Similar metrics at other companies

ZBHMaterial Reconciling Items — Other Cost And Expense Operating

$11.8M+25.5%

ZBHMaterial Reconciling Items — Other Special Items

$96.28M+209%

QSRMaterial Reconciling Items — Business Combination Integration Related Costs

$7.1M—

STZMaterial Reconciling Items — Business Combination Acquisition Related Costs

$0-100%

QSRMaterial Reconciling Items — Restructuring Costs

$475K—

STZMaterial Reconciling Items — Restructuring And Related Cost Incurred Cost

$4.3M+207%

Other financials

Income statement

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Revenue$2.3B+2.9%

Gross profit$1.6B+2.6%

Net income$601.0M-0.2%

EPS (diluted)$1.42+6.0%

Balance sheet

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Cash & equivalents$1.9B+8.9%

Total debt$10.0B+48.0%

Total equity$3.2B-30.5%

Total assets$15.2B+7.5%

Cash flow

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Operating cash flow$401.0M-22.1%

CapEx$110.0M-38.2%

Free cash flow$291.0M-13.6%

Valuation

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Market cap$33B-32.3%

Enterprise value$41.04B-26.4%

P/E12.5×-7.1×

P/S3.5×-1.8×

Profitability

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Gross margin71.8%+0.8pp

Net margin27.8%+0.9pp

FCF margin23.5%0.0pp

Returns & leverage

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Return on equity67%+15.8pp

Debt / equity3.1×+1.6×

Current ratio3.2×+1.4×

Where this comes from

Reported directly by Zoetis in its filing.

Tagged under the XBRL concept zts:StandUpCosts.

The official record: Zoetis’s 10-K, filed February 15, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does material reconciling items — stand up costs mean?: One-time costs associated with setting up new business operations or facilities.
How do you interpret material reconciling items — stand up costs?: An increase indicates significant capital expansion or organizational restructuring, while a decrease suggests the completion of major setup projects.
How does material reconciling items — stand up costs compare across companies?: Similar to 'startup costs' or 'pre-operating expenses' found in other large-cap pharmaceutical or manufacturing firms.