GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chicago Bridge & Iron Co NV (NYSE:CBI) » Definitions » EBIT

Chicago Bridge & Iron Co NV (Chicago Bridge & Iron Co NV) EBIT : $-180 Mil (TTM As of Mar. 2018)


View and export this data going back to 1997. Start your Free Trial

What is Chicago Bridge & Iron Co NV EBIT?

Chicago Bridge & Iron Co NV's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2018 was $108 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2018 was $-180 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Chicago Bridge & Iron Co NV's annualized ROC % for the quarter that ended in Mar. 2018 was 4.02%. Chicago Bridge & Iron Co NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2018 was 103.84%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Chicago Bridge & Iron Co NV's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2018 was -10.73%.


Chicago Bridge & Iron Co NV EBIT Historical Data

The historical data trend for Chicago Bridge & Iron Co NV's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Chicago Bridge & Iron Co NV EBIT Chart

Chicago Bridge & Iron Co NV Annual Data
Trend Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 691.44 991.13 -507.55 439.39 -292.22

Chicago Bridge & Iron Co NV Quarterly Data
Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 80.22 -445.70 12.89 144.24 108.27

Competitive Comparison of Chicago Bridge & Iron Co NV's EBIT

For the Engineering & Construction subindustry, Chicago Bridge & Iron Co NV's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Chicago Bridge & Iron Co NV's EV-to-EBIT Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chicago Bridge & Iron Co NV's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Chicago Bridge & Iron Co NV's EV-to-EBIT falls into.



Chicago Bridge & Iron Co NV EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2018 adds up the quarterly data reported by the company within the most recent 12 months, which was $-180 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Chicago Bridge & Iron Co NV  (NYSE:CBI) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Chicago Bridge & Iron Co NV's annualized ROC % for the quarter that ended in Mar. 2018 is calculated as:

ROC % (Q: Mar. 2018 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2017 ) + Invested Capital (Q: Mar. 2018 ))/ count )
=413.452 * ( 1 - 20% )/( (7963.765 + 8508.02)/ 2 )
=330.7616/8235.8925
=4.02 %

where

Invested Capital(Q: Dec. 2017 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=5971.582 - 1439.056 - ( 354.639 - max(0, 5261.912 - 1830.673+354.639))
=7963.765

Invested Capital(Q: Mar. 2018 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=6020.573 - 950.075 - ( 305.229 - max(0, 5257.574 - 1820.052+305.229))
=8508.02

Note: The Operating Income data used here is four times the quarterly (Mar. 2018) data.

2. Joel Greenblatt's definition of Return on Capital:

Chicago Bridge & Iron Co NV's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2018 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2018 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2017  Q: Mar. 2018
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=433.096/( ( (418.531 + max(-1978.038, 0)) + (415.665 + max(-1601.831, 0)) )/ 2 )
=433.096/( ( 418.531 + 415.665 )/ 2 )
=433.096/417.098
=103.84 %

where Working Capital is:

Working Capital(Q: Dec. 2017 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(759.701 + 101.573 + 160.158) - (1439.056 + 1275.441 + 284.973)
=-1978.038

Working Capital(Q: Mar. 2018 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(766.123 + 112.978 + 243.133) - (950.075 + 1155.78 + 618.21)
=-1601.831

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2018) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Chicago Bridge & Iron Co NV's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Mar. 2018 )
=-180.306/1680.770
=-10.73 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Chicago Bridge & Iron Co NV EBIT Related Terms

Thank you for viewing the detailed overview of Chicago Bridge & Iron Co NV's EBIT provided by GuruFocus.com. Please click on the following links to see related term pages.


Chicago Bridge & Iron Co NV (Chicago Bridge & Iron Co NV) Business Description

Traded in Other Exchanges
N/A
Address
Founded in 1889, Chicago Bridge & Iron provides a wide range of services, including conceptual design, technology, engineering, procurement, fabrication, modularization, construction, commissioning, maintenance, program management, and environmental services, to customers in the global energy infrastructure market. It also provides diversified government services. It generated 2017 adjusted revenue and adjusted EBIT of $5.8 billion and a loss of $180 million, respectively. CB&I employs 34,000 at active projects in more than 70 countries.
Executives
James H Miller director C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
W Craig Kissel director
Alexander Forbes I J director 10560 DR. MARTIN LUTHER KING JR. ST N, ST. PETERSBURG FL 33716-3718
Deborah M Fretz director 1801 MARKET STREET, PHILADELPHIA PA 19103
L Richard Flury director 2000 W SAM HOUSTON PKWY S, SUITE 2000, HOUSTON TX 77042
Richard W. Heo officer: Executive Vice President 2103 RESEARCH FOREST DRIVE, THE WOODLANDS TX 77380
Westley S. Stockton officer: VP, Controller, CAO 2103 RESEARCH FOREST DRIVE, THE WOODLANDS TX 77380
James R Bolch director C/O INGERSOLL-RAND COMPANY, 155 CHESTNUT RIDGE ROAD, MONTVALE NJ 07645
Marsha C Williams director EQUITY OFFICE PROPERTIES, CHICAGO IL 60606
Michael S Taff officer: Executive Vice President & CFO 777 N ELDRIDGE PARKWAY, HOUSTON TX 77079
Larry D Mcvay director 2000 W SAM HOUSTON PKWY S, SUITE 2000, HOUSTON TX 77042
Philip K Asherman director, officer: President and CEO 1450 LAKE ROBBINS DR.,, SUITE 400, THE WOODLANDS TX 77380
Chandler Richard E Jr officer: EVP and Chief Legal Officer 1800 HUGHES LANDING BLVD, SUITE 250, THE WOODLANDS TX 77380
Sheila B Feldman officer: Executive Vice President
Ronald A Ballschmiede officer: Executive Vice President & CFO 1800 HUGHES LANDING BLVD, SUITE 250, THE WOODLANDS TX 77380

Chicago Bridge & Iron Co NV (Chicago Bridge & Iron Co NV) Headlines

From GuruFocus

Seeking Value in the Construction Industry

By Mark Yu Mark Yu 07-03-2017

Van Den Berg Almost Sells Out 4 Stakes in 1st Quarter

By David Goodloe David Goodloe 04-20-2016

CB&I Announces Novolen Technology Award in China

By PRNewswire PRNewswire 04-03-2018

CB&I Announces Preliminary First Quarter 2018 Financial Results

By PRNewswire PRNewswire 04-12-2018

CB&I To Report First Quarter 2018 Financial Results on April 23

By PRNewswire PRNewswire 04-09-2018

Van Den Berg Reduces Position in 5-Star Company

By Kyle Ferguson Kyle Ferguson 01-25-2016