Teledyne Technologies (Teledyne Technologies) Intangible Assets

: $10,281 Mil (As of Dec. 2023)

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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Teledyne Technologies's intangible assets for the quarter that ended in Dec. 2023 was $10,281 Mil.

Teledyne Technologies Intangible Assets Historical Data

The historical data trend for Teledyne Technologies'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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Teledyne Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Intangible Assets

2,481.30

2,559.70

10,728.30

10,313.60

10,280.90

Teledyne Technologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Intangible Assets																10,313.60	10,330.90	10,293.50	10,187.20	10,280.90

Teledyne Technologies 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.

Teledyne Technologies (NYSE:TDY) 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.

Teledyne Technologies Intangible Assets Related Terms

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Teledyne Technologies (Teledyne Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Teledyne Technologies Inc (NYSE:TDY) » Definitions » Intangible Assets

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Traded in Other Exchanges

TYZ:Germany TYZ:Germany

Address

1049 Camino Dos Rios, Thousand Oaks, CA, USA, 91360-2362

Website

https://www.teledyne.com

Teledyne Technologies Inc sells technologies for industrial markets. Roughly a fourth of Teledyne's revenue comes from contracts with the United States government. The firm operates in four segments: instrumentation, digital imaging, aerospace and defense electronics, and engineered systems. The instrumentation segment provides monitoring instruments primarily for marine and environmental applications. The digital imaging segment contributes the largest proportion of revenue, and includes image sensors and cameras for industrial, government, and medical customers. The aerospace and defense electronics segment provides electronic components and communication products for aircraft. The engineered systems segment provides solutions for defense, space, environmental, and energy applications.

Executives

Sue Main	officer: VP & Controller	TELEDYNE TECHNOLOGIES INCORPORATED, 1049 CAMINO DOS RIOS, THOUSAND OAKS CA 91360
Jason Vanwees	officer: VP, Strategy, Mergers & Acq.	1049 CAMINO DOS RIOS, THOUSAND OAKS CA 91360
Robert Mehrabian	officer: Chairman, Pres. & CEO	C/O TELEDYNE TECHNOLOGIES INCORPORATED, 1049 CAMINO DOS RIOS, THOUSAND OAKS CA 91360
Von Schack Wesley W	director	ENERGY EAST CORP, PO BOX 3287, ITHACA NY 14852-3287
Michael T Smith	director	190 NW SPANISH RIVER BOULEVARD, SUITE 101, BOCA RATON FL 33431
Jane Cecile Sherburne	director	ONE WALL STREET, NEW YORK NY 10286
Melanie Susan Cibik	officer: Sr. VP, General Counsel & Sec.	1049 CAMINO DOS RIOS, THOUSAND OAKS CA 91360
Stephen Finis Blackwood	officer: Senior VP & Treasurer	1049 CAMINO DOS RIOS, THOUSAND OAKS CA 91360
Bobb George C Iii	officer: See Remarks	1039 CAMINO DOS RIOS, THOUSAND OAKS CA 91360
Charles Crocker	director	ONE POST ST, STE 2500, SAN FRANCISCO CA 94104
Kenneth C Dahlberg	director	SCIENCE APPLICATIONS INTERNATIONAL CORP., 10260 CAMPUS POINT DRIVE, SAN DIEGO CA 92121
Cynthia Y Belak	officer: Vice President and Controller	1049 CAMINO DOS RIOS, THOUSAND OAKS CA 91360
Simon M Lorne	director	666 FIFTH AVENUE, 8TH FLOOR, NEW YORK NY 10103
Vincent J Morales	director	PPG INDUSTRIES, INC., ONE PPG PLACE, PITTSBURGH PA 15272
Aldo Pichelli	officer: Segment President & COO	TELEDYNE TECHNOLOGIES INCORPORATED, 1049 CAMINO DOS RIOS, THOUSAND OAKS CA 91360