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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Virgin Galactic Holdings's intangible assets for the quarter that ended in Dec. 2023 was $0.00 Mil.
The historical data trend for Virgin Galactic Holdings'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.
Virgin Galactic Holdings Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | - |
Virgin Galactic Holdings 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 | - | - | - | - | - |
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.
Virgin Galactic Holdings (NYSE:SPCE) 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 Virgin Galactic Holdings's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Arcangeli Henio R Jr | director | C/O VIRGIN GALACTIC HOLDINGS, INC., 1700 FLIGHT WAY, TUSTIN CA 92782 |
Diana S. Strandberg | director | 1700 FLIGHT WAY, TUSTIN CA 92782 |
Raymond E Mabus | director | C/O DANA INCORPORATED, 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537 |
Aparna Chitale | officer: See Remarks | 1700 FLIGHT WAY, TUSTIN CA 92782 |
Sarah E Kim | officer: See Remarks | C/O VIRGIN GALACTIC HOLDINGS, INC., 1700 FLIGHT WAY, TUSTIN CA 92782 |
Douglas T Ahrens | officer: See Remarks | 215 MOFFETT PARK DRIVE, SUNNYVALE CA 94089 |
Michael A Colglazier | director, officer: See Remarks | C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011 |
Alistair Burns | officer: See Remarks | 1700 FLIGHT WAY, TUSTIN CA 92782 |
Michelle Kley | officer: See Remarks | C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011 |
Wanda A Sigur | director | C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011 |
Virgin Investments Ltd | 10 percent owner | LA MOTTE CHAMBERS, ST HELIER Y9 X0 JE1 1BJ |
Craig S Kreeger | director | C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY 1C, LAS CRUCES NM 88011 |
Tina W Jonas | director | C/O PASSUR AEROSPACE, INC, ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901 |
Swaminathan B. Lyer | officer: See Remarks | 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011 |
Chamath Palihapitiya | director, 10 percent owner | THE SOCIAL-CAPITAL PARTNERSHIP, L.L.C., 506 SANTA CRUZ AVENUE, SUITE 300, MENLO PARK CA 94025 |
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