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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Kaman's intangible assets for the quarter that ended in Dec. 2023 was $731.4 Mil.
The historical data trend for Kaman'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.
Kaman Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 248.75 | 397.44 | 378.76 | 752.19 | 731.42 |
Kaman Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Intangible Assets | Get a 7-Day Free Trial | 752.19 | 747.93 | 741.30 | 732.45 | 731.42 |
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.
Kaman (NYSE:KAMN) 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 Kaman's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthew King Petterson | officer: VP CAO & CONTROLLER | C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002 |
Wilfredo Roy Dilig | officer: VP INFORMATION TECHNOLOGY | C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002 |
Smith Richard Stanley Jr | officer: SVP GEN COUNSEL & SECRETARY | C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002 |
Carroll Kent Lane | officer: SVP and President KAV and KPP | C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002 |
Callaway E Reeves Iii | director | C/O KAMAN CORP, PO BOX 1, BLOOMFIELD CT 06002-0001 |
Niharika Ramdev | director | C/O XL HYBRIDS, INC., 145 NEWTON STREET, BOSTON MA 02135 |
Darlene Ruth Smith | officer: President KAV and KPP | C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002 |
Rafael Zev Cohen | officer: VP IT & Cybersecurity | C/O KAMAN CORPORATION, BLOOMFIELD CT 06002 |
Megan Amanda Morgan | officer: VP-HR & CHRO | C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002 |
Kristen Mcdonald Samson | officer: VP and CMCO | C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002 |
Russell James Bartlett | other: Sr. VP & Chief Operating Offcr | C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002 |
Aisha Barry | director | 111 4TH AVE N UNIT 304, MINNEAPOLIS MN 55401 |
Michelle Lohmeier | director | C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., WICHITA KS 67210 |
Ian K. Walsh | director, officer: President & CEO | 111 E. KILBOURNE AVE, MILWAULKEE WI 53202 |
Thomas W Rabaut | director | C/O CYTEC INDUSTRIES INC, 5 GARRET MOUNTAIN PLAZA, WEST PATERSON NJ 07424 |
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