Unconsolidated Subsidiary

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Unconsolidated Subsidiary

A subsidiary whose financial statements are accounted differently from its parent company. That is, an unconsolidated subsidiary publishes its balance sheets, 10-K statements and other information separately. On the parent company's financials, an unconsolidated subsidiary is listed as an investment.
References in periodicals archive ?
--MGM's IDR could be upgraded to 'BB+' as MGM's leverage metrics, after adjusting for distributions to minority holders and from unconsolidated subsidiaries, approach 4.5x gross and 4.0x net.
Fitch Rates MGM Resorts' $500MM 2025 Senior Notes 'BB'/'RR3'; Outlook Stable
According to Johnson, the plan to sell part of PNC's stake was aimed at meeting the capital needs under the new Basel III rules for banks that own minority interests in unconsolidated subsidiaries.
-PNC Financial confirms interest in BlackRock
Before taxes, the McClatchy recorded impairment charges of $1.18 billion to goodwill, $250.4 million to newspaper mastheads, and $84.6 million to investments in unconsolidated subsidiaries and other items.
Citing Challenging Conditions, McClatchy Takes $1.3 Billion Write Down
They conclude that firms with unconsolidated subsidiaries do not employ unconsolidated subsidiaries as off-balance-sheet financing vehicles.
Comments on the FASB's proposals on consolidating special-purpose entities and related standard-setting issues
As a result, income before income taxes and minority interest in unconsolidated subsidiaries rose 6.3% to $10.8 billion.
Wal-Mart's challenge. (Money)
Did corporate managers react to the mandated change in accounting for previously unconsolidated subsidiaries? Divesting of these subsidiaries constitutes one possible management reaction that was predicted to occur by some analysts in the financial press.
SFAS 94: did it produce its intended effect?
Exposure is cross-border claims one a foreign country that includes deposits with banks, securities, loans, acceptances, and investments in unconsolidated subsidiaries.
Statements to Congress
Moran recalls one company that had formed unconsolidated subsidiaries and then sent them money as needed.
Is a subsidiary in your future? Companies can benefit from important tax advantages and liability protections
With interest costs flat at $253 million, pretax profits before minority interest and equity in unconsolidated subsidiaries were up only 1% to $3.21 billion.
Wal-Mart on Track
Firms with significant unconsolidated subsidiaries may find their balance sheets drastically changed as the result of the implementation of SFAS 94.
SFAS 94 amends consolidation principles to reduce off balance sheet financing
With interest expenses climbing 72.8% to $330 million, pretax profits before minority interest, equity in unconsolidated subsidiaries and the cumulative effect of the aforementioned accounting change advanced 18% to $2.13 billion.
Wal-Mart, As Always, Is Superb
More disclosure may now be necessary to satisfy this requirement if consolidation of previously unconsolidated subsidiaries has resulted from the application of FASB Statement no.
A checklist for management discussion and analysis
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