Sentences with phrase «goodwill impairment»
Goodwill impairment refers to a decrease in the value of a company's "goodwill" asset. Goodwill represents the premium a company pays when acquiring another company above its tangible assets' worth. If the value of the acquired company's goodwill decreases, it means it is worth less than what was initially paid for it. This could happen due to reasons like economic downturns, declining business performance, or changes in market conditions. Goodwill impairment is important for companies as it affects their financial statements and can result in lower profits or losses. Full definition
This is due to long lived asset impairment charge of $ 501 million, a $ 57 million goodwill impairment charge and $ 41 million inventory - related charge.
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The company also absorbed $ 1.8 billion in goodwill impairment charges: $ 969 million for its flat - rolled reporting unit and $ 837 million related to its tubular segment.
Earlier this month, CIBC announced it would take a $ 420 - million, non-cash goodwill impairment charge in the quarter related to the Caribbean, and another $ 123 million of after - tax of loan losses.
Premier Foods, the UK's largest food producer, has reported a pre-tax operating loss of # 98m, against a profit of # 42m in 2009, on a continuing basis for 2010 after a # 125m goodwill impairment at its Brookes Avana own label bakery and prepared food business.
Adjustments to operating income, operating margin, net earnings, EPS, and EBITDA include items such as goodwill impairment charges, restructuring charges, asset impairments, merger and acquisitions costs, and charges related to the divestiture of businesses
As of Sept. 30, CB&I had incurred an after - tax goodwill impairment charge in 2016, as a result of the sale of its nuclear operations to Westinghouse, of $ 904 million.
However, U.S. Banking earnings declined by $ 324 million, reflecting the fourth quarter goodwill impairment charge at RBC Mortgage, lower revenues from both RBC Centura and RBC Mortgage, and business realignment charges.
In 2016, for example, goodwill impairments reached $ 155.4 million and followed write - downs of $ 191.6 million in 2015, $ 243 million in 2014, $ 140 million in 2013 and $ 464 million in 2012.
The Company has since taken material goodwill impairment charges on the bulk of these acquisitions in the last two years.
Do you believe that Berkshire has significant goodwill impairment?
Yahoo also notes in its release that it has taken a «non-cash goodwill impairment charge» (in other words, a writedown) of $ 4.46 billion on some of its assets — including Tumblr, the blog platform that it acquired in 2013 for $ 1.1 billion.
Most of these write - downs occurred in 2007, when Sprint recorded $ 29.7 billion in goodwill impairment, mostly related to its merger with Nextel Partners.
Barclays said it would take a one - off goodwill impairment charge of 884 million pounds on its stake in Barclays Africa Group, which it has given itself 2 - 3 years to sell down.
Yahoo also took a goodwill impairment charge of $ 4.46 billion, saying that the carrying value of reporting units including the U.S and Canada, Europe, Latin America and Tumblr topped their estimated fair values.
However, its net loss came in at $ 4.44 billion due to a goodwill impairment.
Mr Venn said the goodwill impairment reflected the extra investment required to launch delivery services rather than signalling a more pessimistic outlook for the business.