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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Dropbox's intangible assets for the quarter that ended in Dec. 2023 was $460 Mil.
The historical data trend for Dropbox'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.
Dropbox Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Intangible Assets | Get a 7-Day Free Trial | 281.90 | 270.40 | 410.20 | 491.60 | 460.30 |
Dropbox 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 | 491.60 | 483.30 | 475.60 | 466.30 | 460.30 |
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.
Dropbox (NAS:DBX) 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 Dropbox's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Bart Volkmer | officer: General Counsel | 333 BRANNAN STREET, SAN FRANCISCO CA 94107 |
Timothy Regan | officer: Chief Accounting Officer | 333 BRANNAN STREET, SAN FRANCISCO CA 94107 |
Andrew Houston | director, 10 percent owner, officer: Chief Executive Officer | 333 BRANNAN STREET, SAN FRANCISCO CA 94107 |
Karen Peacock | director | C/O DROPBOX, INC., 1800 OWENS STREET, SUITE 200, SAN FRANCISCO CA 94158 |
Lisa M Campbell | director | C/O DOLBY LABORATORIES INC., 1275 MARKET STREET, SAN FRANCISCO CA 94103 |
Timothy H. Young | officer: Sr Vice President and GM, Core | C/O DROPBOX, INC., 1800 OWENS STREET, SUITE 200, SAN FRANCISCO CA 94158 |
Abhay Parasnis | director | 345 PARK AVENUE, SAN JOSE CA 95110 |
Sara Mathew | director | CAMPBELL SOUP COMPANY, ONE CAMPBELL PLACE, CAMDEN NJ 08103 |
Mylod Robert J Jr | director | |
Michael Seibel | director | C/O DROPBOX, INC., 1800 OWENS STREET, SAN FRANCISCO CA 94158 |
Ajay Vashee | officer: Chief Financial Officer | 333 BRANNAN STREET, SAN FRANCISCO CA 94107 |
Donald W Blair | director | ONE RIVERFRONT PLAZA, CORNING NY 14831 |
Arash Ferdowsi | director, 10 percent owner, officer: Co-Founder | 111 PINE STREET, SAN FRANCISCO CA 94111 |
Olivia Nottebohm | officer: Chief Operating Officer | C/O DROPBOX. INC., 1800 OWENS STREET, SAN FRANCISCO CA 94158 |
Quentin Clark | officer: See Remarks | 333 BRANNAN STREET, SAN FRANCISCO CA 94107 |
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