Cornerstone Building Brands (NYSE:CNR) Intangible Assets

: $2,833 Mil (As of Mar. 2022)

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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Cornerstone Building Brands's intangible assets for the quarter that ended in Mar. 2022 was $2,833 Mil.

Cornerstone Building Brands Intangible Assets Historical Data

The historical data trend for Cornerstone Building Brands'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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Cornerstone Building Brands Annual Data

Trend

Oct12

Oct13

Oct14

Oct15

Oct16

Oct17

Oct18

Dec19

Dec20

Dec21

Intangible Assets

285.44

275.82

3,410.29

2,779.33

2,882.69

Cornerstone Building Brands Quarterly Data
	Apr17	Jul17	Oct17	Jan18	Apr18	Jul18	Oct18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22
Intangible Assets																2,736.45	2,596.18	2,764.45	2,882.69	2,832.59

Cornerstone Building Brands 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.

Cornerstone Building Brands (NYSE:CNR) 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.

Cornerstone Building Brands Intangible Assets Related Terms

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Cornerstone Building Brands (NYSE:CNR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Cornerstone Building Brands Inc (NYSE:CNR) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

5020 Weston Parkway, Suite 400, Cary, NC, USA, 27513

Website

https://www.cornerstonebuildingbrands.com

Cornerstone Building Brands Inc constructs and sells building materials for the commercial, residential, and repair industries in North America. The company operates in three segments: commercial, which provides metal products and coil coating services for commercial construction; siding, which offers vinyl and steel siding, aluminum coil and gutters, roofing accessories, moldings, window and door trim, rain removal systems, vents, fences, and railings; and windows, which includes vinyl, aluminum, and wooden windows as well as steel, wood, and fiberglass doors. All three segments contribute sizably to total revenue.

Executives

Rose Lee	director, officer: PRESIDENT & CEO	C/O CROWN HOLDINGS, INC., 770 TOWNSHIP LINE ROAD, YARDLEY PA 19067
Judith A Reinsdorf	director	C. R. BARD, INC., 730 CENTRAL AVENUE, MURRAY HILL NJ 07974
Alena Brenner	officer: EVP, GC and Corp. Sec.	5020 WESTON PARKWAY, SUITE 400 CARY NC 27513
Jeffrey S. Lee	officer: EVP, CFO	5020 WESTON PARKWAY, SUITE 400 CARY NC 27513
Katy Theroux	officer: Executive VP, Chief HR Officer	10943 N. SAM HOUSTON PARKWAY W. HOUSTON TX 77056
Daniel C. Janki	director	5020 WESTON PARKWAY, SUITE 400, CARY NC 27513
Timothy J. Obrien	director	C/O NCI BUILDING SYSTEMS, INC. 10943 NORTH SAM HOUSTON PARKWAY WEST HOUSTON TX 77064
George L. Ball	director	10943 N. SAM HOUSTON PARKWAY W., HOUSTON TX 77064
William E Jackson	director	ONE NEENAH CENTER, 4TH FLOOR P.O. BOX 669 NEENAH WI 54957
Kathleen J Affeldt	director
John J Holland	director	26602 W. GREENTREE, OLATHE KS 66061
James Keppler	officer: EVP, OPERATIONS	5020 WESTON PARKWAY SUITE 400 CARY NC 27513
James Wilbert W Jr	director	16100 SOUTH LATHROP AVENUE, HARVEY IL 60426
Wayne Irmiter	officer: SVP, CAO	5020 WESTON PARKWAY CAY NC 27513
Atrium Window Holdings, Llc	10 percent owner	C/O GOLDEN GATE PRIVATE EQUITY, INC. 1 EMBARCADERO CENTER SAN FRANCISCO CA 94111