Tallgrass Energy LP (Tallgrass Energy LP) Intangible Assets : $682.9 Mil (As of Dec. 2019)

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What is Tallgrass Energy LP Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Tallgrass Energy LP's intangible assets for the quarter that ended in Dec. 2019 was $682.9 Mil.

Tallgrass Energy LP Intangible Assets Historical Data

The historical data trend for Tallgrass Energy 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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Tallgrass Energy LP Intangible Assets Chart

Tallgrass Energy LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Intangible Assets

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439.83

436.81

502.57

649.09

682.91

Tallgrass Energy LP Quarterly Data
	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19
Intangible Assets	Get a 7-Day Free Trial															649.09	645.69	696.56	688.05	682.91

Tallgrass Energy 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.

Tallgrass Energy LP (NYSE:TGE) 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.

Tallgrass Energy LP Intangible Assets Related Terms

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Tallgrass Energy LP (Tallgrass Energy LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Tallgrass Energy LP (NYSE:TGE) » Definitions » Intangible Assets

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Traded in Other Exchanges

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Address

4200 West 115th Street, Suite 350, Leawood, KS, USA, 66211

Website

https://www.tallgrassenergy.com

Tallgrass Energy LP is a corporate entity created after the acquisition of Tallgrass Energy Partners (the LP) by its GP in June 2018. Tallgrass operates and has participating interests in some of the more strategically important midstream assets in the Bakken and Rockies (the REX and Pony Express lines, for example). The entity focuses opportunistically on growth through acquisition and development of natural gas and crude oil transportation, as well as gathering and processing assets. Blackstone Investment Partners acquired the Tallgrass GP and 44% of the limited partnership in early 2019.

Executives

Guy G. Buckley	director	5400 WESTHEIMER COURT, HOUSTON TX 77056
Bia Gp L.p.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Gic Private Ltd	10 percent owner	168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
William R. Moler	director, officer: See Remarks	4200 WEST 115TH STREET, SUITE 350, LEAWOOD KS 66211
Gic Special Investments Pte Ltd	10 percent owner	168 ROBINSON ROAD, #37-01 CAPITAL TOWER, SINGAPORE U0 068912
Blackstone Infrastructure Associates L.p.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Bia Gp L.l.c.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Bip Holdings Manager L.l.c.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Ii L.p.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings I/ii Gp L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Stephen A Schwarzman	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVE, NEW YORK NY 10154
Thomas A Gerke	director	GERKE THOMAS A, OVERLAND PARK KS 66251
Blackstone Inc.	10 percent owner	345 PARK AVENUE, NEW YORK NY 10154
Blackstone Group Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154
Blackstone Holdings Iii Gp Management L.l.c.	10 percent owner	C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154