The Estee Lauder (The Estee Lauder) Intangible Assets : $8,051 Mil (As of Dec. 2023)

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The Estee Lauder Intangible Assets Definition

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. The Estee Lauder's intangible assets for the quarter that ended in Dec. 2023 was $8,051 Mil.

The Estee Lauder Intangible Assets Historical Data

The historical data trend for The Estee Lauder'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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The Estee Lauder Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Intangible Assets

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3,071.00

3,739.00

6,711.00

5,949.00

8,088.00

The Estee Lauder 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															5,570.00	5,513.00	8,088.00	7,970.00	8,051.00

The Estee Lauder 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.

The Estee Lauder (NYSE:EL) 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.

The Estee Lauder Intangible Assets Related Terms

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The Estee Lauder (The Estee Lauder) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » The Estee Lauder Companies Inc (NYSE:EL) » Definitions » Intangible Assets

Comparable Companies

Traded in Other Exchanges

EL:Mexico 1ELX:Italy ELAA:Germany ELAA:Germany ELAA:Germany ELCI34:Brazil ESLA:Austria

Address

767 Fifth Avenue, New York, NY, USA, 10153

Website

https://www.elcompanies.com

Estee Lauder is a leader in the global prestige beauty market, participating across skin care (56% of 2022 sales), makeup (26%), fragrance (14%), and hair care (4%) categories, with top-selling brands such as Estee Lauder, Clinique, M.A.C, La Mer, Jo Malone London, Aveda, Bobbi Brown, and Origins. The firm operates in more than 150 countries, generating 26% of revenue from the Americas, 43% from Europe, the Middle East and Africa (including travel retail), and 31% from Asia Pacific. Estee Lauder sells its products through department stores, travel retail, specialty multibrand beauty stores, brand-dedicated freestanding stores, e-commerce, salons/spas, and perfumeries.

Executives

Charlene Barshefsky	director
Jane Lauder	director	767 FIFTH AVENUE, NEW YORK NY 10153
Hudis Jane Hertzmark	officer: Group President	C/O THE ESTEE LAUDER COMPANIES INC., 767 FIFTH AVENUE, NEW YORK NY 10153
Carl P. Haney	officer: EVP-Global R&D	C/O ESTEE LAUDER COMPANIES INC., 767 FIFTH AVENUE, NEW YORK NY 10153
Jennifer Hyman	director	767 FIFTH AVENUE, C/O THE ESTEE LAUDER COMPANIES INC., NEW YORK NY 10153
Fabrizio Freda	officer: President and COO	767 FIFTH AVENUE, NEW YORK NY 10153
De La Faverie Stephane	officer: Executive Group President	C/O THE ESTEE LAUDER COMPANIES INC., NEW YORK NY 10153
Michael O'hare	officer: EVP-Global Human Resources	767 FIFTH AVENUE, NEW YORK NY 10153
Wei Sun Christianson	director	MORGAN STANLEY, TOWER 1, 18 TAIPINGQIAO ST. XICHENG DIST, BEIJING F4 1000032
Barry S Sternlicht	director	STARWOOD CAPITAL GROUP GLOBAL LP, 1601 WASHINGTON AVENUE, SUITE 800, MIAMI BEACH FL 33139
Angela Wei Dong	director	C/O THE ESTEE LAUDER COMPANIES INC., 767 FIFTH AVENUE, NEW YORK NY 10153
Peter Jueptner	officer: President, International
Arturo Nunez	director	C/O THE ESTEE LAUDER COMPANIES INC., 767 FIFTH AVENUE, NEW YORK NY 10153
Ronald S Lauder	director, 10 percent owner, officer: Chairman Clinique Labs, Inc.	767 FIFTH AVENUE, NEW YORK NY 10153
John Demsey	officer: Group President	767 FIFTH AVENUE, NEW YORK NY 10036