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PDC Energy (PDC Energy) Intangible Assets : $0 Mil (As of Jun. 2023)


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What is PDC Energy Intangible Assets?

Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. PDC Energy's intangible assets for the quarter that ended in Jun. 2023 was $0 Mil.


PDC Energy Intangible Assets Historical Data

The historical data trend for PDC 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.

* Premium members only.

PDC Energy Intangible Assets Chart

PDC Energy Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Intangible Assets
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PDC Energy Quarterly Data
Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
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PDC Energy 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.


PDC Energy  (NAS:PDCE) 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.


PDC Energy Intangible Assets Related Terms

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PDC Energy (PDC Energy) Business Description

Traded in Other Exchanges
N/A
Address
1775 Sherman Street, Suite 3000, Denver, CO, USA, 80203
PDC Energy Inc is a domestic independent exploration and production company that acquires, explores and develops properties for the production of crude oil, natural gas and NGLs, with operations in the Wattenberg Field in Colorado and the Delaware Basin in west Texas. Company's operations in the Wattenberg Field are focused in the horizontal Niobrara and Codell plays and Delaware Basin operations are focused in the horizontal Wolfcamp zones.
Executives
Sandra E. Jacoby officer: SVP, Corporate Administration 1775 SHERMAN STREET, SUITE 3000, DENVER CO 80203
Pamela R Butcher director P. O. BOX 116, ELK RAPIDS MI 49629
Carlos A. Sabater director 1140 ALFONSO AVENUE, CORAL GABLES FL 33146
Diana L Sands director 100 N RIVERSIDE PLAZA, M/C 5003-1001, CHICAGO IL 60606
Troy M. Welling officer: SVP, Operations 1775 SHERMAN STREET, SUITE 3000, DENVER CO 80203
Lynn A Peterson director 1625 BROADWAY, SUITE 250, DENVER CO 80202
Paul Korus director C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Nicole L Martinet officer: SVP, General Counsel & Sec. 1775 SHERMAN ST, STE 3000, DENVER CO 80203
David Lillo officer: SVP, Operations C/O BONANZA CREEK ENERGY, INC., 410 17TH STREET, SUITE 1400, DENVER CO 80202
R Scott Meyers officer: CAO 120 GENESIS BLVD., BRIDGEPORT WV 26330
Brookman Barton R Jr officer: Sr. VP Exploratio & Production 1775 SHERMAN STREET, SUITE 3000, DENVER CO 80203
Lance Lauck officer: Sr. VP, Corp Development 1775 SHERMAN STREET, SUITE 3000, DENVER CO 80203
David C Parke director C/O PETROLEUM DEVELOPMENT CORP, 1775 SHERMAN STREET, SUITE 3000, DENVER CO 80203
Anthony J Crisafio director 1775 SHERMAN STREET, SUITE 3000, DENVER CO 80203
Jeffrey C Swoveland director C/O PETROLEUM DEVELOPMENT CORP, 1775 SHERMAN STREET, SUITE 3000, DENVER CO 80203

PDC Energy (PDC Energy) Headlines

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