EXIXQ.PFD has been successfully added to your Stock Email Alerts list.
You can manage your stock email alerts here.
EXIXQ.PFD has been removed from your Stock Email Alerts list.
Please enter Portfolio Name for new portfolio.
Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Energy XXI's intangible assets for the quarter that ended in Sep. 2016 was $0.00 Mil.
The historical data trend for Energy XXI'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.
Energy XXI Annual Data | |||||||||||||||||||||
Trend | Jun07 | Jun08 | Jun09 | Jun10 | Jun11 | Jun12 | Jun13 | Jun14 | Jun15 | Jun16 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | - | - | 329.29 | - | - |
Energy XXI Quarterly Data | ||||||||||||||||||||
Dec11 | Mar12 | Jun12 | Sep12 | Dec12 | Mar13 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | |
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | - |
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.
Energy XXI (OTCPK:EXIXQ.PFD) 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 Energy XXI's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Norman Louie | director | 280 PARK AVENUE 4TH FLOOR EAST, NEW YORK NY 10017 |
James Lachance | director | C/O FRIENDFINDER NETWORKS INC., 6800 BROKEN SOUND PKWY., BOCA RATON FL 33487 |
Bruce W Busmire | officer: Chief Financial Officer | 1201 LAKE ROBBINS DRIVE, THE WOODLANDS TX 77380 |
Scott A Griffiths | director | 2220 DUNSTAN ROAD, HOUSTON TX 77005 |
Todd Reid | officer: Sr VP, Marketing & Risk Mgmt | 1021 MAIN ST, SUITE 2626, HOUSTON TX 77002 |
Pinho Antonio De | officer: Sr. VP, JV, OBO, Technology | 1021 MAIN ST. SUITE 2626, HOUSTON TX 77002 |
Kevin S Flannery | director | |
Dupre Ii Cornelius | director | 510 BERING, STE 455, HOUSTON TX 77057 |
Third Point Offshore Fund, Ltd. | 10 percent owner | C/O INTERNATIONAL FUND SERVICES(IRELAND), BISHOP'S SQUARE, REDMOND'S HILL, DUBLIN 2 L2 00000 |
Hugh A Menown | officer: Vice Pres, Chief Acct Officer | 808 TRAVIS, SUITE 850, HOUSTON TX 77002 |
Paul Davison | director | SELWOOD RICKFORD WORPLESDON, SURREY X0 GU3 3PJ |
Hill A Feinberg | director | 3131 MAPLE AVENUE #14-E, DALLAS TX 75201-1206 |
Stewart Lawrence | officer: Vice President, Inv. Relations | 1021 MAIN (ONE CITY CENTRE), SUITE 2626, HOUSTON TX 77002 |
Rick D Fox | other: Controller | 1021 MAIN (ONE CITY CENTRE), SUITE 2626, HOUSTON TX 77002 |
David M Dunwoody | director | 3417 MILAM, HOUSTON TX 77002 |
From GuruFocus
By Myra Ramdenbourg Myra Ramdenbourg • 03-15-2015
By GuruFocus Research GuruFocus Editor • 12-20-2010
By gurufocus • 08-13-2009
By gurufocus • 08-26-2009
By Holly LaFon Holly LaFon • 05-15-2014
By CanadianValue CanadianValue • 11-22-2010
By GuruFocus Research GuruFocus Editor • 10-13-2010
By Myra Ramdenbourg Myra Ramdenbourg • 12-08-2014
By gurufocus • 09-04-2009
By GuruFocus Research GuruFocus Editor • 11-23-2010
Disclaimers: GuruFocus.com is not operated by a broker or a dealer. It has an affiliated registered investment adviser, which serves as the subadviser to an exchange traded fund. This investment adviser does not provide advice to individual investors. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes provided by InterActive Data. Fundamental company data provided by Morningstar, updated daily.