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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. AGCO's intangible assets for the quarter that ended in Dec. 2023 was $1,642 Mil.
The historical data trend for AGCO's Intangible Assets 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.
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Examples of intangible assets include trade secrets, copyrights, patents, trademarks. If a company acquires assets at the prices above the book value, it may carry goodwill on its balance sheet. Goodwill reflects the difference between the price the company paid and the book value of the assets.
AGCO (NYSE:AGCO) Intangible Assets Explanation
If a company (company A) received a patent through their own work, though it has value, it does not show up on its balance sheet as an intangible asset. However, if company A sells this patent to company B, it will show up on company B's balance sheet as an intangible asset.
The same applies to brand names, trade secrets etc. For instance, Coca-Cola's brand is extremely valuable, but the brand does not appear on its balance sheet, because the brand was never acquired.
Some intangibles are amortized. Amortization is the depreciation of intangible assets.
Many intangibles are not amortized. They may still be written down when the company decides the asset is impaired.
Whenever you see an increase in goodwill over a number of years, you can assume it's because the company is out buying other businesses above book value. GOOD if buying businesses with durable competitive advantage.
If goodwill stays the same, the company when acquiring other companies is either paying less than book value or not acquiring. Businesses with moats never sell for less than book value.
Intangibles acquired are on balance sheet at fair value.
Internally developed brand names (Coke, Wrigleys, Band-Aid) however are not reflected on the balance sheet.
One of the reasons competitive advantage power can remain hidden for so long.
Be Aware
Companies may change the way intangible assets are amortized, and this will affect their reported earnings.
Thank you for viewing the detailed overview of AGCO's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Dehner Torsten Rudolf Willi | officer: SVP Gen Mgr Europe Middle East | AGCO INTERNATIONAL GMBH, VICTOR VON BRUNS STRASSE 17, NEUHAUSEN AM RHEINFALL V8 CH 8212 |
Robert B Crain | officer: Sr VP Gen. Mgr. North America | AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096-2584 |
Felli Luis Fernando Sartini | officer: SVP Gen Manager South America | AGCO AMERICA DO SUL, RUA JAMES JOULE, 92 - CONJ 161 BROOKLIN, SAO PAULO D5 04576-080 |
Lara Thrush Long | officer: VP, Chief Accounting Officer | AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096 |
George E Minnich | director | 4 WEST RED OAK LANE, WHITE PLAINS NY 10604 |
Timothy Millwood | officer: SVP Chief Supply Chain Officer | AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096 |
Andrew H Beck | officer: Sr. VP and CFO | |
Damon J Audia | officer: SVP, Chief Financial Officer | 525 WILLIAM PENN PLACE, 33RD FLOOR, PITTSBURGH PA 15219 |
David M. Sagehorn | director | 2307 OREGON STREET, PO BOX 2566, OSHKOSH WI 54903-2566 |
Niels Porksen | director | 4205 RIVER GREEN PARKWAY, DULUTH GA 30096 |
Hans Bernd Veltmaat | officer: Sr VP Manufacturing & Quality | AGCO GMBH, VICTOR VON BRUNS STRASSE 17, CH 8212 NEUHAUSEN V8 CH 8212 |
Gary L Collar | officer: SVP, General Manager, EAME | 11975 S MAGNOLIA CIRCLE, ALPHARETTA GA 30005 |
Kelvin Eugene Bennett | officer: SVP, Engineering | AGCO INTERNATIONAL GMBH, VICTOR VON BRUNS STRASSE 17, NEUHAUSEN AM RHEINFALL V8 CH 8212 |
Ivory Marie Harris | officer: SVP Chief HR Officer | AGCO CORPORATION, 4205 RIVER GREEN PARKWAY, DULUTH GA 30096 |
Wolfgang Deml | director |
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