Cornerstone OnDemand (Cornerstone OnDemand) Intangible Assets : $1,405.5 Mil (As of Jun. 2021)

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What is Cornerstone OnDemand Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Cornerstone OnDemand's intangible assets for the quarter that ended in Jun. 2021 was $1,405.5 Mil.

Cornerstone OnDemand Intangible Assets Historical Data

The historical data trend for Cornerstone OnDemand'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 OnDemand Intangible Assets Chart

Cornerstone OnDemand Annual Data

Trend

Dec11

Dec12

Dec13

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Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Intangible Assets

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64.00

63.33

106.74

106.92

1,448.42

Cornerstone OnDemand Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Intangible Assets	Get a 7-Day Free Trial															1,493.26	1,470.11	1,448.42	1,425.50	1,405.53

Cornerstone OnDemand 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 OnDemand (NAS:CSOD) 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 OnDemand Intangible Assets Related Terms

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Cornerstone OnDemand (Cornerstone OnDemand) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cornerstone OnDemand Inc (NAS:CSOD) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

N/A

Address

1601 Cloverfield Boulevard, Suite 620 South, Santa Monica, CA, USA, 90404

Website

http://www.cornerstoneondemand.com

Cornerstone OnDemand is a fast-growing provider of cloud-based talent-management solutions. While the company is best known for its learning management application, which is considered best in class, the company's products have evolved in recent years, with the company adding features such as recruiting, performance and other development tools. Most of the revenue is recurring, as the company is de-emphasizing implementation services and will rely more on integration partners going forward. As of the end of 2018, the company served 3,535 clients with more than 40 million users across more than 190 countries.

Executives

Adam L Miller	director, officer: Chief Executive Officer	C/O CORNERSTONE ONDEMAND, INC. 1601 CLOVERFIELD BLVD., SUITE 620 SOUTH SANTA MONICA CA 90404
Adam J. Weiss	officer: Chief Administrative Officer	1601 CLOVERFIELD BOULEVARD SUITE 620 SANTA MONICA CA 90404
Patricia Coughlin	officer: PAO and Interim CFO	1601 CLOVERFIELD BLVD., STE 620 SANTA MONICA CA 90404
Heidi Spirgi	officer: Chief Mktg & Strategy Officer	1601 CLOVERFIELD BLVD., STE 620 SANTA MONICA CA 90404
Mark Goldin	officer: Chief Technology Officer	C/O CORNERSTONE ONDEMAND, INC. 1601 CLOVERFIELD BLVD., SUITE 620 SOUTH SANTA MONICA CA 90404
Philip Seth Saunders	officer: Chief Executive Officer	13 MAPLE KNOLL LANE, MANALAPAN NJ 07726
Jeff Lautenbach	officer: President, Global Field Ops	1601 CLOVERFIELD BLVD., SUITE 620 SOUTH SANTA MONICA CA 90404
Richard M Haddrill	director	2300 WINDY RIDGE PKWY, ATLANTA GA 30339
Kristina Salen	director	1601 CLOVERFIELD BLVD., SUITE 620, SANTA MONICA CA 90404
Dean E. Carter	director	1601 CLOVERFIELD BLVD., SUITE 620 SOUTH SANTA MONICA CA 90404
Joseph Osnoss	director	C/O SILVER LAKE EUROPE LLP, BROADBENT HOUSE, 65 GROSVENOR STREET, LONDON X0 W1K 3JH
Elisa Steele	director	1601 CLOVERFIELD BLVD, STE 620 SOUTH, SANTA MONICA CA 90404
Marcus Ryu	director	2850 S DELAWARE STREET, SUITE 400, SAN MATEO CA 94403
Robert N Cavanaugh	director	1601 CLOVERFIELD BLVD., SUITE 620, SANTA MONICA CA 90404
Steffan Tomlinson	director	PALO ALTO NETWORKS, INC., 3300 OLCOTT STREET, SANTA CLARA CA 95054