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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Esterline Technologies's intangible assets for the quarter that ended in Dec. 2018 was $1,303 Mil.
The historical data trend for Esterline Technologies'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.
Esterline Technologies Annual Data | |||||||||||||||||||||
Trend | Oct09 | Oct10 | Oct11 | Oct12 | Oct13 | Oct14 | Sep15 | Sep16 | Sep17 | Sep18 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 1,543.16 | 1,494.03 | 1,417.70 | 1,412.74 | 1,336.75 |
Esterline Technologies Quarterly Data | ||||||||||||||||||||
Jan14 | Apr14 | Jul14 | Oct14 | Jan15 | Apr15 | Jul15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | Mar17 | Jun17 | Sep17 | Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | |
Intangible Assets | Get a 7-Day Free Trial | 1,408.30 | 1,402.15 | 1,349.40 | 1,336.75 | 1,303.33 |
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.
Esterline Technologies (NYSE:ESL) 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 Esterline Technologies's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Stephen M Nolan | officer: Executive VP, CFO | 1300 WILSON BOULEVARD, SUITE 400, ARLINGTON VA 22209 |
Donald E. Walther | officer: Executive VP, General Counsel | 500 108TH AVENUE NE, SUITE 1500, BELLEVUE WA 98004 |
Mary L Howell | director | 1101 PENNSYLVANIA AVE STE 400, WASHINGTON DC 20004 |
Curtis C Reusser | director, officer: Chairman, President & CEO | C/O GOODRICH CORPORATION, 850 LAGOON DRIVE, CHULA VISTA CA 91910 |
Scott Ernest Kuechle | director | C/O GOODRICH CORPORATION, 2730 WEST TYVOLA ROAD, CHARLOTTE NC 28217 |
Michael J Covey | director | C/O POTLATCH CORPORATION, 601 W FIRST AVENUE, SUITE 1600, SPOKANE WA 99201 |
Michael J Cave | director | C/O ESTERLINE TECHNOLOGIES CORP, 500 108TH AVE NE, SUITE 1500, BELLEVUE WA 98004 |
Steven T Romick | 10 percent owner | 11400 W OLYMPIC BLVD, STE 1200, LOS ANGELES CA 90064 |
Mark Landecker | 10 percent owner | 11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064 |
J Richard Atwood | 10 percent owner | |
Brian A. Selmo | 10 percent owner | 11400 W. OLYMPIC BLVD., STE. 1200, LOS ANGELES CA 90064 |
Gary E Pruitt | director | 701 WESTERN AVENUE, GLENDALE CA 91201 |
Winship Henry Ward Iv | director | PO BOX 8614, RANCHO SANTA FE CA 92067 |
Jerry D Leitman | director | |
Richard Bradley Lawrence | director, officer: Executive Chairman | 500 108TH AVENUE NE, SUITE 1500, BELLEVUE WA 98004 |
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