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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Viper Energy's intangible assets for the quarter that ended in Dec. 2023 was $0.0 Mil.
The historical data trend for Viper Energy'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.
Viper Energy Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | - | - | - | - | - |
Viper Energy 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.
Viper Energy (NAS:VNOM) 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 Viper Energy's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Bx Swt Ml Holdco Llc | 10 percent owner | 345 PARK AVENUE, NEW YORK NY 10154 |
Blackstone Holdings Iii L.p. | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Laurie H Argo | director | 1100 LOUISIANA STREET, SUITE 1000, HOUSTON TX 77002 |
Frank C. Hu | director | 625 LIBERTY AVE., SUITE 1700, PITTSBURGH PA 15222 |
Armour Spencer D Iii | director | 400 W. ILLINOIS, SUITE 800, MIDLAND TX 79701 |
Bx Guidon Topco Llc | 10 percent owner | C/O BLACKSTONE MANAGEMENT PARTNERS L.L.C, 345 PARK AVENUE, 43RD FLOOR, NEW YORK NY 10154 |
Matt Zmigrosky | officer: Exec. VP and General Counsel | 500 WEST TEXAS AVENUE, SUITE 1200, MIDLAND TX 79701 |
Bx Swallowtail Royalties Holding Llc | 10 percent owner | C/O THE BLACKSTONE GROUP INC., NEW YORK NY 10154 |
Swallowtail Royalties Ii Llc | 10 percent owner | 7750 N. MACARTHUR BLVD., STE. 120-370, IRVING TX 75063 |
Swallowtail Royalties Llc | 10 percent owner | 545 E. JOHN CARPENTER FWY., STE. 1300, IRVING TX 75062 |
Swallowtail Royalties Holdings Llc | 10 percent owner | 545 E. JOHN CARPENTER FWY., STE. 1300, IRVING TX 75062 |
Guidon Energy Holdings Lp | 10 percent owner | C/O BLACKSTONE MANAGEMENT PARTNERS L.L.C, 345 PARK AVENUE, 43RD FLOOR, NEW YORK NY 10154 |
Guidon Energy Holdings Gp Llc | 10 percent owner | C/O BLACKSTONE MANAGEMENT PARTNERS L.L.C, 345 PARK AVENUE, 43RD FLOOR, NEW YORK NY 10154 |
Blackstone Energy Management Associates Ii L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
Blackstone Ema Ii L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP L.P., 345 PARK AVE., NEW YORK NY 10154 |
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