Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Alon USA Energy's intangible assets for the quarter that ended in Mar. 2017 was $82 Mil.
Alon USA Energy Intangible Assets Historical Data
The historical data trend for Alon USA 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.
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.
Alon USA Energy (NYSE:ALJ) 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.
Alon USA Energy Intangible Assets Related Terms
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Alon USA Energy (Alon USA Energy) Business Description
Alon USA Energy Inc Inc was incorporated under Delaware law in 2000. The company is an independent refiner and marketer of petroleum products, operates in South Central, Southwestern and Western regions of the United States. Its crude oil refineries are located in Texas, California and Louisiana and have a combined throughput capacity of approximately 214,000 barrels per day. It is also a marketer of asphalt, which it distributes through asphalt terminals located predominately in the Western United States. The company operates in three operating segments; refining and marketing, asphalt, and retail. Its refining and marketing segment includes sour and heavy crude oil refineries that are located in Big Spring, Texas; Paramount, Bakersfield and Long Beach, California; and a light sweet crude oil refinery located in Krotz Springs, Louisiana. It refines crude oil into petroleum products, including gasoline, diesel fuel, jet fuel, petrochemicals, petrochemical feedstocks, asphalt, and other petroleum-based products, which are marketed in the South Central, Southwestern and Western United States. Its Asphalt segment owns or operates approximately 11 asphalt terminals located in Texas ( Big Spring), Washington (Richmond Beach), California (Paramount, Long Beach, Elk Grove, Mojave and Bakersfield), Arizona (Phoenix and Flagstaff) as well as asphalt terminals in which it owns 50% interest located in Fernley, Nevada, and Brownwood, Texas. Its Retail segment operates approximately 306 owned and leased convenience store sites located in Central and West Texas and New Mexico. It also owns 7-Eleven licensee in the United States and have the exclusive right to use the 7-Eleven trade name in substantially all of its existing retail markets and many surrounding areas. It competes in the asphalt market with various refineries including Valero, Tesoro, U.S. Oil, Western, San Joaquin Refining, Ergon and HollyFrontier as well as regional and national asphalt marketing companies that have little or no associated refining operations. The Company's operations is subject to extensive and frequently changing federal, state, regional and local laws, regulations and ordinances relating to the protection of the environment, including those governing emissions or discharges to the air, water, and land, the handling and disposal of solid and hazardous waste and the remediation of contamination.
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