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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Marathon Oil's intangible assets for the quarter that ended in Dec. 2023 was $0 Mil.
The historical data trend for Marathon Oil'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.
Marathon Oil Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 95.00 | - | - | - | - |
Marathon Oil 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 | - | - | - | - | - |
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.
Marathon Oil (NYSE:MRO) 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 Marathon Oil's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Dane E Whitehead | officer: Executive VP and CFO | C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056 |
Michael A Henderson | officer: Senior VP, Operations | C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056 |
Patrick Wagner | officer: See Remarks | 1401 MC KINNEY ST., SUITE 2400, HOUSTON TX 77010 |
Lee M Tillman | director, officer: President and CEO | C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST., HOUSTON TX 77056 |
Rob L. White | officer: VP, Controller & CAO | C/O MARATHON OIL CORPORATION, 990 TOWN & COUNTRY BOULEVARD, HOUSTON TX 77024 |
Shawn D. Williams | director | 24955 INTERSTATE 45 N, THE WOODLANDS TX 77380 |
Mark A Mccollum | director | 3000 NORTH SAM HOUSTON PARKWAY E., HOUSTON TX 77002 |
Kimberly O. Warnica | officer: Senior VP & General Counsel | 505 TRAILS END, HOUSTON TX 77024 |
Gary Eugene Wilson | officer: VP, Controller & CAO | C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST., HOUSTON TX 77056 |
Holli C. Ladhani | director | 2800 POST OAK BLVD., SUITE 4500, HOUSTON TX 77056 |
Brent J Smolik | director | 1001 NOBLE ENERGY WAY, HOUSTON TX 77070 |
James Kent Wells | director | 1700 LINCOLN STREET, SUITE 2800, DENVER CO 80203-4535 |
Jason Few | director | 2201 COLQUITT STREET, HOUSTON TX 77098 |
Thomas Mitchell Little | officer: Executive VP - Operations | C/O MARATHON OIL CORPORATION, 5555 SAN FELIPE ST, HOUSTON TX 77056 |
M Elise Hyland | director | 625 LIBERTY AVENUE, SUITE 1700, C/O EQT CORPORATION, PITTSBURGH PA 15222 |
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