Switch to:
Wal-Mart Stores Inc  (NYSE:WMT) Intangible Assets: \$18,037 Mil (As of Jul. 2017)

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Wal-Mart Stores Inc's intangible assets for the quarter that ended in Jul. 2017 was \$18,037 Mil.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Wal-Mart Stores Inc Annual Data

 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Intangible Assets 20,497.00 19,510.00 18,102.00 16,695.00 17,037.00

Wal-Mart Stores Inc Quarterly Data

 Jan13 Apr13 Jul13 Oct13 Jan14 Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Intangible Assets 17,792.00 17,037.00 17,575.00 18,037.00 18,204.00

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.

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.

Related Terms

From the Internet

###### Rga Q3 2017 Letter Amazons Share E Commerce Paypals Opportunity

- Seekingalpha 2017-11-18 08:13:24

###### Here's Your Black Friday Holiday Shopping Game Plan

- theStreet 2017-11-18 07:30:00

###### This Black Friday Favorite Is the Biggest Retail Story of 2017

- theStreet 2017-11-18 07:20:00

###### Week Review November 16 2017

- Seekingalpha 2017-11-18 05:00:34

###### Tax Bill Moves Along, Retailers Rally and the Dow Sinks Again -- Week in Review

- theStreet 2017-11-17 17:46:00

###### 5 biggest takeaways from Tesla's Semi truck and Roadster event

- theStreet 2017-11-17 16:18:00

###### There's Now an Exchange Traded Fund That Tracks the Demise of Retailers

- theStreet 2017-11-17 15:33:00

###### Wal-Mart Stores Inc. Delivers 50% E-Commerce Growth

- Fool 2017-11-17 15:31:00

###### Black Friday week usually pushes retail stocks into the black, history shows

- cnbc 2017-11-17 15:28:12

###### Tesla Semi claims a number of 'firsts' for trucking industry

- cnbc 2017-11-17 15:17:00

- Seekingalpha 2017-11-17 14:59:23

###### Wal-Mart, J.B. Hunt are among the first to order the Tesla semi truck

- MarketWatch 2017-11-17 14:40:00

###### Square's Bitcoin Bet, Retail Survivors, & Walmart Earnings

- Zacks 2017-11-17 14:04:00

###### Time for High Beta & Momentum ETFs?

- Zacks 2017-11-17 12:23:00

###### Wal-Mart preorders 15 Tesla trucks for U.S., Canada

- MarketWatch 2017-11-17 12:16:00

###### Wal-Mart says it’s preordered 15 of Tesla’s new electric tractor trailers

- cnbc 2017-11-17 12:04:13

###### Weekend roundup: Tesla’s big splash | Retail’s opportunity | Eating turkey tails

- MarketWatch 2017-11-17 11:57:00

###### Wal-Mart still look richly valued after a more than 49% climb this year

- Barron's 2017-11-17 11:56:06

###### Russell 2000 spikes from major support, Nasdaq briefly tags record high

- MarketWatch 2017-11-17 11:43:00

###### Wal-Mart planning to test Tesla's truck: report

- MarketWatch 2017-11-17 11:42:00

###### Why Wal-Mart Is Getting a Dressing-Down

- Barron's 2017-11-17 11:14:00

###### Retail Might Be Struggling, but Not All Stores Are Dying

- theStreet 2017-11-17 11:07:00

###### Is a Buyout Blue Apron's Only Hope for Deliverance?

- Fool 2017-11-17 10:46:00

###### Stock Market News For Nov 17, 2017

- Zacks 2017-11-17 09:09:00

###### Wal-Mart Is Holding Its Own Against Amazon

- Barron's 2017-11-17 09:06:27

###### Wal-Mart ETFs to Buy on Blockbuster Q3 Results

- Zacks 2017-11-17 08:40:00

###### Dow 30 Stock Roundup: GE Cuts Dividend, Wal-Mart, Home Depot Beat

- Zacks 2017-11-17 08:33:00

###### Wal Mart Amazon Nervous

- Seekingalpha 2017-11-17 08:08:28

###### The Simple Reason I Won't Buy Plug Power, Inc. Stock

- Fool 2017-11-17 08:05:00

###### The Zacks Analyst Blog Highlights: Walmart, Google and Amazon

- Zacks 2017-11-17 07:57:00

###### WalMart (WMT) Soars: Stock Adds 10.9% in Session

- Zacks 2017-11-17 07:46:00

###### Thursday Wal Mart Cisco Cramers Mad Money 11 16 17

- Seekingalpha 2017-11-17 07:43:52

###### Zacks Earnings Trends Highlights: Wal-Mart, Amazon, ExxonMobil and Chevron

- Zacks 2017-11-17 07:39:00

###### Walmart's E-Commerce Unit Has Things in Common With Microsoft's Cloud Unit

- theStreet 2017-11-17 07:01:00

###### Wall Street Set to Open Lower as Dollar Falls, European Markets Down

- theStreet 2017-11-17 06:09:00

###### Taxes, Fox and Tesla - 5 Things You Must Know Before the Market Opens Friday

- theStreet 2017-11-17 06:01:00

###### Robert Mueller's Subpoena & the House's Tax Bill - This is What You Need to Know

- theStreet 2017-11-17 05:17:00

###### European Markets Flat, Wall Poised to Open Lower as Dollar Declines

- theStreet 2017-11-17 03:56:00

###### Exploding E Commerce Sales Drive Wal Mart Time High

- Seekingalpha 2017-11-17 02:57:14

###### European Markets Set for Mixed Opening, Wall Street Futures Under Pressure

- theStreet 2017-11-17 02:48:00

###### Home Depot, Lowe's, The Blackstone Group: 'Mad Money' Lightning Round

- theStreet 2017-11-16 22:33:00

###### Wal Mart Street Picks Sides Retail

- Seekingalpha 2017-11-16 20:22:55

###### Miles White of Abbott Labs: Cramer's Top Takeaways

- theStreet 2017-11-16 19:40:00

###### PPG Industries: Cramer's Top Takeaways

- theStreet 2017-11-16 19:29:00

###### Amazon should be worried about Walmart, former JC Penney CEO says

- cnbc 2017-11-16 19:25:41

###### Fundamentals Drive This Rally: Cramer's 'Mad Money' Recap

- theStreet 2017-11-16 19:19:00

###### What Happened in the Stock Market Today

- Fool 2017-11-16 17:04:00

###### Plenty of Positive Retail Surprises

- Zacks 2017-11-16 16:42:00

###### Plenty of Positive Retail Surprises

- Zacks 2017-11-16 16:37:00

###### Wall Street Rallies as GOP Tax Plan Clears House, Walmart and Cisco Surge

- theStreet 2017-11-16 16:09:00

###### Wal-Mart is taking its battle with Amazon to higher-end customers

- MarketWatch 2017-11-16 15:56:00

###### P&G CEO Needs More Than Natural Deodorant to Keep Peltz Happy

- Bloomberg 2017-11-16 14:45:51

###### Has Wal-Mart Won the Retail Wars?

- Barron's 2017-11-16 14:35:55

###### Wal Mart Stores Inc 2018 Q3 Results Earnings Call Slides

- Seekingalpha 2017-11-16 14:27:57

###### This chart suggests U.S. Treasury yield will follow its Chinese peer higher

- MarketWatch 2017-11-16 14:12:00

###### How much are Whole Foods price cuts affecting other grocers?

- Barron's 2017-11-16 13:50:29

###### Why Walmart's In-Store Sales Were The Real Key To Its Earnings Beat

- Zacks 2017-11-16 13:37:00

###### Wal-Mart just proved it's a match for Amazon

- cnbc 2017-11-16 13:35:59

###### Despite iPhone, Best Buy Continues to Struggle

- theStreet 2017-11-16 12:49:00

###### Walmart's Earnings Breakout Means There's Still Time to Buy Shares

- theStreet 2017-11-16 12:37:00

###### Wal-Mart Ready to Rumble With Amazon

- Barron's 2017-11-16 12:25:21

###### Video: What You Need to Know About Walmart and Procter & Gamble

- theStreet 2017-11-16 12:21:00

###### Walmart's E-Commerce Growth Sends Stock To New High

- Zacks 2017-11-16 12:20:00

###### Why Wal-Mart Stock Was Soaring Today

- Fool 2017-11-16 12:14:00

###### The 3 Hottest Stories in the Stock Market Right Now

- theStreet 2017-11-16 12:01:00

###### Amazon's Online Grocery Sales Are Double Wal-Mart's

- Fool 2017-11-16 12:00:00

###### Walmart and Cisco Drive Gains on Wall Street, Dow Rises by Triple Digits

- theStreet 2017-11-16 12:00:00

###### New ETF is a bet on the death of retail stores

- MarketWatch 2017-11-16 11:56:00

###### The Stock Prices of These 3 Companies Prove Amazon Isn't Destroying All Retail

- theStreet 2017-11-16 11:51:00

###### Attention, Amazon! Walmart Is Crushing All Takers in Online Groceries

- theStreet 2017-11-16 11:35:00

###### Retailers and Tech Drive Gains on Wall Street in Rebound From Two Days of Losses

- theStreet 2017-11-16 11:34:00

###### Wal-Mart might finally be a better investment than Amazon

- MarketWatch 2017-11-16 11:30:00

###### Here’s how tied retail stocks are to Black Friday and holiday shopping

- MarketWatch 2017-11-16 10:59:00

###### Here's What 7 Big Retailers Have Planned for Black Friday

- Fool 2017-11-16 10:31:00

###### Dow rises more than 150 points as Wal-Mart and Cisco jump after earnings

- cnbc 2017-11-16 10:26:40

###### Video: Here Is Your Investing Playbook for the Rest of 2017

- theStreet 2017-11-16 10:26:00

###### Video: This Stock Market Comeback Is Driven by Walmart

- theStreet 2017-11-16 10:18:00

###### Amazon Go May Coming May Help Stock

- Seekingalpha 2017-11-16 09:49:54

###### Walmart Now Pushes Clicks, Not Bricks

- theStreet 2017-11-16 09:49:00

###### A Wrap-Up Of The Latest Economic Data

- Zacks 2017-11-16 09:40:00

###### Morning Movers: Stocks bounce back after a two-day losing streak

- Barron's 2017-11-16 09:38:05

###### Stocks Stage Comeback as Walmart and Cisco Earnings Give Wall Street a Boost

- theStreet 2017-11-16 09:36:00

###### U.S. stocks open higher after two days of losses

- MarketWatch 2017-11-16 09:32:00

###### Q3 Retail Earnings, Econ Data Ahead of Tax Vote

- Zacks 2017-11-16 09:25:00

###### Better Buy: CVS Health Corporation vs. Wal-Mart

- Fool 2017-11-16 09:24:00

###### Stock Market News For Nov 16, 2017

- Zacks 2017-11-16 09:13:00

###### Wal-Mart's earnings crush expectations as grocery and online sales surge

- cnbc 2017-11-16 08:44:22

###### Asda sales up; parent warns on challenging market

- MarketWatch 2017-11-16 08:41:00

###### Walmart (WMT) Stock Gains on Solid Q3 Earnings & Raised View

- Zacks 2017-11-16 08:35:00

###### Walmart Is Blowing Minds on Wall Street While Best Buy Gets Blown to Pieces

- theStreet 2017-11-16 08:05:00

###### Walmart Earnings Pull Stock Futures Sharply Higher, Cisco Also Rises

- theStreet 2017-11-16 08:03:00

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to \$400 per referral. ( Learn More)