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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. EnLink Midstream LLC's intangible assets for the quarter that ended in Mar. 2024 was $762 Mil.
The historical data trend for EnLink Midstream LLC'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.
EnLink Midstream LLC Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 1,434.50 | 1,125.40 | 1,049.70 | 921.20 | 793.60 |
EnLink Midstream LLC Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Intangible Assets | Get a 7-Day Free Trial | 889.30 | 857.40 | 825.50 | 793.60 | 761.80 |
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.
EnLink Midstream LLC (NYSE:ENLC) 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 EnLink Midstream LLC's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Adam S Forman | officer: EVP and General Counsel | 1001 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002 |
Dilanka Seimon | officer: EVP and CCO | 1722 ROUTH STREET, DALLAS TX 75201 |
Alaina K Brooks | officer: SVP, General Counsel | 2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201 |
Jan Philipp Rossbach | officer: VP & Chief Accounting Officer | 1722 ROUTH STREET, SUITE 1300, DALLAS TX 75201 |
Benjamin D Lamb | officer: SVP-Finance & Corporate Dev. | 2501 CEDAR SPRINGS, SUITE 100, DALLAS TX 75201 |
Walter Pinto | officer: EVP and COO | 1722 ROUTH STREET, DALLAS TX 75201 |
Kyle D Vann | director | 11 HEPPLEWHITE WAY, THE WOODLANDS TX 77382 |
Jesse Arenivas | director, officer: Chief Executive Officer | 1001 LOUISIANA, SUITE 1000, HOUSTON TX 77002 |
Benjamin M Daniel | director | 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105 |
Tiffany Thom Cepak | director | C/O PATTERSON-UTI ENERGY, INC., 10713 WEST SAM HOUSTON PARKWAY NORTH, SU, HOUSTON TX 77064 |
Goldman Sachs Group Inc | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Wsip Egypt Holdings, Lp | 10 percent owner | 200 WEST STREET, NEW YORK NY 10282 |
Richard P Schifter | director | 301 COMMERCE STREET, SUITE 3300, FORT WORTH TX 76102 |
Scott E Telesz | director | 39 OLD RIDGEBURY ROAD, DANBURY CT 06810-5113 |
Pablo G. Mercado, | officer: EVP and CFO | 920 MEMORIAL CITY WAY, SUITE 800, HOUSTON TX 77024 |
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