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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Harmonic's intangible assets for the quarter that ended in Dec. 2023 was $239.2 Mil.
The historical data trend for Harmonic'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.
Harmonic Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 244.24 | 243.67 | 240.21 | 237.74 | 239.15 |
Harmonic 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 | 237.74 | 238.43 | 238.71 | 237.16 | 239.15 |
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.
Harmonic (NAS:HLIT) 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 Harmonic's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Walter Jankovic | officer: Chief Financial Officer | 2950 ORCHARD PARKWAY, SAN JOSE CA 95131 |
Jeremy Rosenberg | officer: Interim CFO & SVP Bus Dev | 2590 ORCHARD PARKWAY, SAN JOSE CA 95131 |
Patrick Harshman | officer: President, BAN Division | 2950 ORCHARD PARKWAY, SAN JOSE CA 95131 |
Nimrod Ben-natan | officer: VP, Solutions & Strategy | 2950 ORCHARD PARKWAY, SAN JOSE CA 95131 |
Neven Haltmayer | officer: Vice President, R&D | 549 BALTIC WAY, SUNNYVALE CA 94089 |
Sanjay Kalra | officer: Chief Financial Officer | HARMONIC INC., 4300 NORTH FIRST STREET, SAN JOSE CA 95134 |
Ian Graham | officer: SVP, Intl Sales & Video Svcs | 2950 ORCHARD PARKWAY, SAN JOSE CA 95131 |
Sophia Kim | director | 2590 ORCHARD PARKWAY, SAN JOSE CA 95131 |
Nikos Theodosopoulos | director | C/O ARISTA NETWORKS, INC., 5453 GREAT AMERICA PARKWAY, SANTA CLARA CA 95054 |
Daniel T Whalen | director | 2055 BENJAMIN CIRCLE, WALL NJ 07719 |
David Krall | director | C/O AVID TECHNOLOGY INC, ONE PARK WEST, TEWKSBURY MA 01876 |
Eric Louvet | officer: SVP Sales NA & APAC | 4300 NORTH FIRST STREET, SAN JOSE CA 95134 |
Susan Swenson | director | C/O PALM INC, 5470 GREAT AMERICAN PARKWAY MS12116, SANTA CLARA CA 95052 |
Deborah Clifford | director | 4300 NORTH FIRST STREET, SAN JOSE CA 95134 |
William F Reddersen | director |
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