Rose Rock Midstream LP (Rose Rock Midstream LP) Intangible Assets : $41.3 Mil (As of Jun. 2016)

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What is Rose Rock Midstream LP Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Rose Rock Midstream LP's intangible assets for the quarter that ended in Jun. 2016 was $41.3 Mil.

Rose Rock Midstream LP Intangible Assets Historical Data

The historical data trend for Rose Rock Midstream LP'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.

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Rose Rock Midstream LP Intangible Assets Chart

Rose Rock Midstream LP Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Intangible Assets

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34.10

52.76

42.20

Rose Rock Midstream LP Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Intangible Assets	Get a 7-Day Free Trial															52.22	51.95	42.20	41.72	41.25

Rose Rock Midstream LP Intangible Assets Calculation

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.

Rose Rock Midstream LP (NYSE:RRMS) 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.

Rose Rock Midstream LP Intangible Assets Related Terms

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Rose Rock Midstream LP (Rose Rock Midstream LP) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

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Address

Website

http://www.rrmidstream.com

Rose Rock Midstream LP is a Delaware limited partnership formed in 2011. The Company is engaged in the business of crude oil gathering, transportation, storage, distribution and marketing in Colorado, Kansas, Minnesota, Montana, North Dakota, Ohio, Oklahoma, Pennsylvania, Texas and Wyoming. We operate in the Bakken Shale in North Dakota and Montana, the Denver-Julesburg Basin ("DJ Basin") and the Niobrara Shale in the Rocky Mountain region, and the Granite Wash and Mississippi Lime Play in the Mid-Continent region. The Company's operating business segments are Transportation, Facilities, and Supply & Logistics. The Transportation segment operates crude oil pipelines and truck transportation businesses. The Facilities segment operates crude oil storage and terminal businesses. The Supply and Logistics segment operates a crude oil marketing business which utilizes our Transportation and Facilities assets for marketing purposes. Its competitors include Cushing include Blueknight Energy Partners, L.P., Enbridge Energy Partners, L.P., Enterprise Products Partners L.P., Magellan Midstream Partners, L.P. and Plains All American Pipeline, L.P. The Company' operations are subject to extensive regulation.

Executives

Carlin G. Conner	director, officer: President and CEO of GP	6120 SOUTH YALE AVE., SUITE 1500, TULSA OK 74136
Ronald A Ballschmiede	director	1800 HUGHES LANDING BLVD, SUITE 250, THE WOODLANDS TX 77380
Semgroup Corp	director, 10 percent owner	TWO WARREN PLACE, 6120 SOUTH YALE AVENUE, SUITE 1500, TULSA OK 74136-4231
Candice L Cheeseman	officer: VP and General Counsel of GP	6120 SOUTH YALE AVE., SUITE 1500, TULSA OK 74136
Peter L Schwiering	director, officer: COO of GP	6120 SOUTH YALE AVENUE, SUITE 700, TULSA OK 74136
Mark E Monroe	director	7130 S LEWIS 10TH FL, TULSA OK 74136
Paul Largess	officer: VP, CAO & Controller of GP	6120 S YALE STE 700, TULSA OK 74136
Norman J Szydlowski	director, officer: Pres., CEO & Director of GP	6120 S. YALE, SUITE 700, TULSA OK 74136

Rose Rock Midstream LP (Rose Rock Midstream LP) Headlines

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