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.
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.
Not exact matches
On a non-GAAP basis (excluding stock - based compensation expenses, amortization of intangible assets, reorganization costs,
goodwill and technology
impairment charges, the impact of the US tax reform and a loss from discontinued operations), the Company recorded a net loss of $ (1.6) million, or $ (0.54) per diluted share
in 2017, compared with a net loss of $ (375,000), or $ (0.13) per diluted share
in 2016.
In connection with a downturn in market conditions impacting these operations, the Company performed an impairment analysis of goodwill in this reporting unit and concluded that a charge was require
In connection with a downturn
in market conditions impacting these operations, the Company performed an impairment analysis of goodwill in this reporting unit and concluded that a charge was require
in market conditions impacting these operations, the Company performed an
impairment analysis of
goodwill in this reporting unit and concluded that a charge was require
in this reporting unit and concluded that a charge was required.
First quarter 2018 results reflect a non-cash, pre-tax charge of $ 15.5 million ($ 15.5 million after tax) or $ 0.29 per diluted share, related to the
impairment of
goodwill in our FMS Europe reporting unit, which predominantly operates
in the UK.
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.
However, its net loss came
in at $ 4.44 billion due to a
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.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those
in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes
in consumer preferences and demand; the Company's ability to drive revenue growth
in its key product categories, increase its market share, or add products; an
impairment of the carrying value of
goodwill or other indefinite - lived intangible assets; volatility
in commodity, energy and other input costs; changes
in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes
in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes
in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the Company; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions
in the nations
in which the Company operates; the volatility of capital markets; increased pension, labor and people - related expenses; volatility
in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; disruptions
in information technology networks and systems; the Company's inability to protect intellectual property rights; impacts of natural events
in the locations
in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's dividend payments on its Series A Preferred Stock; tax law changes or interpretations; pricing actions; and other factors.
The company also said it anticipates recording non-cash intangible asset
impairment charges, including
goodwill,
in the range of $ 230 million to $ 260 million on certain currently marketed and pipeline generic products as a result of continued intense competitive and pricing pressures.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those
in the forward - looking statements include, but are not limited to, operating
in a highly competitive industry; changes
in the retail landscape or the loss of key retail customers; the Company's ability to maintain, extend and expand its reputation and brand image; the impacts of the Company's international operations; the Company's ability to leverage its brand value; the Company's ability to predict, identify and interpret changes
in consumer preferences and demand; the Company's ability to drive revenue growth
in its key product categories, increase its market share, or add products; an
impairment of the carrying value of
goodwill or other indefinite - lived intangible assets; volatility
in commodity, energy and other input costs; changes
in the Company's management team or other key personnel; the Company's ability to realize the anticipated benefits from its cost savings initiatives; changes
in relationships with significant customers and suppliers; the execution of the Company's international expansion strategy; tax law changes or interpretations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions
in the United States and
in various other nations
in which we operate; the volatility of capital markets; increased pension, labor and people - related expenses; volatility
in the market value of all or a portion of the derivatives we use; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's ability to protect intellectual property rights; impacts of natural events
in the locations
in which we or the Company's customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; the Company's ownership structure; the impact of future sales of its common stock
in the public markets; the Company's ability to continue to pay a regular dividend; changes
in laws and regulations; restatements of the Company's consolidated financial statements; and other factors.
In the third quarter 2017, Nokia recorded a non-cash charge to other income and expenses of EUR 141 million, due to the
impairment of
goodwill related to its digital health business, which is part of Nokia Technologies.
Important factors that may affect the Company's business and operations and that may cause actual results to differ materially from those
in the forward - looking statements include, but are not limited to, increased competition; the Company's ability to maintain, extend and expand its reputation and brand image; the Company's ability to differentiate its products from other brands; the consolidation of retail customers; the Company's ability to predict, identify and interpret changes
in consumer preferences and demand; the Company's ability to drive revenue growth
in its key product categories, increase its market share or add products; an
impairment of the carrying value of
goodwill or other indefinite - lived intangible assets; volatility
in commodity, energy and other input costs; changes
in the Company's management team or other key personnel; the Company's inability to realize the anticipated benefits from the Company's cost savings initiatives; changes
in relationships with significant customers and suppliers; execution of the Company's international expansion strategy; changes
in laws and regulations; legal claims or other regulatory enforcement actions; product recalls or product liability claims; unanticipated business disruptions; failure to successfully integrate the business and operations of the Company
in the expected time frame; the Company's ability to complete or realize the benefits from potential and completed acquisitions, alliances, divestitures or joint ventures; economic and political conditions
in the nations
in which the Company operates; the volatility of capital markets; increased pension, labor and people - related expenses; volatility
in the market value of all or a portion of the derivatives that the Company uses; exchange rate fluctuations; risks associated with information technology and systems, including service interruptions, misappropriation of data or breaches of security; the Company's inability to protect intellectual property rights; impacts of natural events
in the locations
in which the Company or its customers, suppliers or regulators operate; the Company's indebtedness and ability to pay such indebtedness; tax law changes or interpretations; and other factors.
These risks and uncertainties include food safety and food - borne illness concerns; litigation; unfavorable publicity; federal, state and local regulation of our business including health care reform, labor and insurance costs; technology failures; failure to execute a business continuity plan following a disaster; health concerns including virus outbreaks; the intensely competitive nature of the restaurant industry; factors impacting our ability to drive sales growth; the impact of indebtedness we incurred
in the RARE acquisition; our plans to expand our newer brands like Bahama Breeze and Seasons 52; our ability to successfully integrate Eddie V's restaurant operations; a lack of suitable new restaurant locations; higher - than - anticipated costs to open, close or remodel restaurants; increased advertising and marketing costs; a failure to develop and recruit effective leaders; the price and availability of key food products and utilities; shortages or interruptions
in the delivery of food and other products; volatility
in the market value of derivatives; general macroeconomic factors, including unemployment and interest rates; disruptions
in the financial markets; risk of doing business with franchisees and vendors
in foreign markets; failure to protect our service marks or other intellectual property; a possible
impairment in the carrying value of our
goodwill or other intangible assets; a failure of our internal controls over financial reporting or changes
in accounting standards; and other factors and uncertainties discussed from time to time
in reports filed by Darden with the Securities and Exchange Commission.
Goodwill and nonamortizable intangible assets acquired are subject to
impairment testing on a regular basis and such testing could result
in potential periodic
impairment charges.
Examples of these risks, uncertainties and other factors include, but are not limited to the impact of: adverse general economic and related factors, such as fluctuating or increasing levels of unemployment, underemployment and the volatility of fuel prices, declines
in the securities and real estate markets, and perceptions of these conditions that decrease the level of disposable income of consumers or consumer confidence; adverse events impacting the security of travel, such as terrorist acts, armed conflict and threats thereof, acts of piracy, and other international events; the risks and increased costs associated with operating internationally; our expansion into and investments
in new markets; breaches
in data security or other disturbances to our information technology and other networks; the spread of epidemics and viral outbreaks; adverse incidents involving cruise ships; changes
in fuel prices and / or other cruise operating costs; any
impairment of our tradenames or
goodwill; our hedging strategies; our inability to obtain adequate insurance coverage; our substantial indebtedness, including the ability to raise additional capital to fund our operations, and to generate the necessary amount of cash to service our existing debt; restrictions
in the agreements governing our indebtedness that limit our flexibility
in operating our business; the significant portion of our assets pledged as collateral under our existing debt agreements and the ability of our creditors to accelerate the repayment of our indebtedness; volatility and disruptions
in the global credit and financial markets, which may adversely affect our ability to borrow and could increase our counterparty credit risks, including those under our credit facilities, derivatives, contingent obligations, insurance contracts and new ship progress payment guarantees; fluctuations
in foreign currency exchange rates; overcapacity
in key markets or globally; our inability to recruit or retain qualified personnel or the loss of key personnel; future changes relating to how external distribution channels sell and market our cruises; our reliance on third parties to provide hotel management services to certain ships and certain other services; delays
in our shipbuilding program and ship repairs, maintenance and refurbishments; future increases
in the price of, or major changes or reduction
in, commercial airline services; seasonal variations
in passenger fare rates and occupancy levels at different times of the year; our ability to keep pace with developments
in technology; amendments to our collective bargaining agreements for crew members and other employee relation issues; the continued availability of attractive port destinations; pending or threatened litigation, investigations and enforcement actions; changes involving the tax and environmental regulatory regimes
in which we operate; and other factors set forth under «Risk Factors»
in our most recently filed Annual Report on Form 10 - K and subsequent filings by the Company with the Securities and Exchange Commission.
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 201
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 201
in 2015, $ 243 million
in 2014, $ 140 million in 2013 and $ 464 million in 201
in 2014, $ 140 million
in 2013 and $ 464 million in 201
in 2013 and $ 464 million
in 201
in 2012.
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.
In addition to the multitude of
goodwill writedowns and asset
impairments which occurred over the decade, it was believed that the Gateway, Memphis, and Nashville tracks collectively operated at a $ 5 - $ 6 million annual loss and had never been profitable.
$ 1.4 bio
in restructuring /
goodwill impairment / etc.
Looking back, we enjoy the benefit of hindsight... but let's not under - estimate the existential threat to the company at the time: Operating free cash flow was minimal, there was little opportunity to realise assets (except at fire - sale prices)
in 2009 - 11, almost EUR 400 million of net losses, investment write - downs &
goodwill impairments were recorded
in the five years ending
in 2012 (which actually understates a near - 85 % collapse
in net equity), as the banks kept shrinking their committed facilities & imposing harsher terms (and seriously considering pulling the plug).
Walsh warned shareholders and employees of the painful restructuring, cost reduction & rationalisation still to come, and then began systematically ticking each action item off his list: i) After one last kitchen sink loss
in 2012 of EUR 116 million (mostly
goodwill impairment), One51 actually recorded a net profit
in 2013 for the first time
in 7 years, ii) free cash flow increased from just EUR 1.1 million
in 2011 to 15.4 million
in 2013, iii) almost EUR 100 million was raised
in two years from the sale of the plastic extrusion business, the disposal of stakes
in Island Renewable Energy, Thirdforce, IFG, and (most significantly) Irish Continental Group,
in addition to a substantial 2013 capital redemption from NTR, and iv) net debt (exc.
Goodwill and other intangible assets have been tested for
impairment by assessing the value
in use of the cash generating unit.