FirstEnergy (FirstEnergy) Intangible Assets : $5,618 Mil (As of Dec. 2023)

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FirstEnergy Intangible Assets Definition

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. FirstEnergy's intangible assets for the quarter that ended in Dec. 2023 was $5,618 Mil.

FirstEnergy Intangible Assets Historical Data

The historical data trend for FirstEnergy'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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FirstEnergy Annual Data

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Intangible Assets

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5,618.00

FirstEnergy 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															5,618.00	5,618.00	5,618.00	5,618.00	5,618.00

FirstEnergy 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.

FirstEnergy (NYSE:FE) 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.

FirstEnergy Intangible Assets Related Terms

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FirstEnergy (FirstEnergy) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » FirstEnergy Corp (NYSE:FE) » Definitions » Intangible Assets

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Traded in Other Exchanges

FE7:Germany

Address

76 South Main Street, Akron, OH, USA, 44308

Website

https://www.firstenergycorp.com

FirstEnergy is an investor-owned holding company with 10 regulated distribution utilities across six mid-Atlantic and Midwestern states. FirstEnergy also owns and operates one of the nation's largest electric transmission systems.

Executives

Christine Walker	officer: VP, Human Resources	76 SOUTH MAIN STREET, AKRON OH 44308
Brian X Tierney	director, officer: President and CEO	76 S. MAIN ST., AKRON OH 44308
Jana T Croom	director	1205 KIMBALL BLVD., JASPER IN 47546
Sean Klimczak	director	C/O THE BLACKSTONE GROUP, 345 PARK AVE., NEW YORK NY 10154
Paul J Kaleta	director	P O BOX 30150, RENO NV 89520
Lisa Winston Hicks	director	76 S. MAIN ST, AKRON OH 44308
Melvin D. Williams	director	76 SOUTH MAIN STREET, AKRON OH 44308
Jesse Lynn	director	C/O ICAHN ENTERPRISES L.P., 16690 COLLINS AVE., PH, SUNNY ISLES FL 33160
Andrew Teno	director	C/O FIR TREE INC., 55 WEST 46TH STREET, 29TH FLOOR, NEW YORK NY 10036
Somerhalder John W Ii	director, officer: Vice Chair & Exec Director	76 SOUTH MAIN STREET, AKRON OH 44308
Hyun Park	officer: SVP & CLO	76 SOUTH MAIN STREET, AKRON OH 44308
Christopher D Pappas	director	C/O 76 SOUTH MAIN STREET, AKRON OH 44308
Leila L Vespoli	officer: Sr. Vice Pres & Gen. Counsel	C/O FIRSTENERGY CORP, 76 SOUTH MAIN STREET, AKRON OH 44308
James F Pearson	officer: Treasurer	76 SOUTH MAIN STREET, AKRON OH 44308
Leslie M Turner	director	THE HERSHEY COMPANY, 100 CRYSTAL A DRIVE, HERSHEY PA 17036