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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Seventy Seven Energy's intangible assets for the quarter that ended in Sep. 2016 was $0.0 Mil.
The historical data trend for Seventy Seven 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.
Seventy Seven Energy Annual Data | |||||||||||
Trend | Dec12 | Dec13 | Dec14 | Dec15 | Dec16 | ||||||
Intangible Assets | - | 49.88 | 32.85 | - | - |
Seventy Seven Energy Quarterly Data | ||||||||||||||||
Dec12 | Jun13 | Sep13 | Dec13 | Mar14 | Jun14 | Sep14 | Dec14 | Mar15 | Jun15 | Sep15 | Dec15 | Mar16 | Jun16 | Sep16 | Dec16 | |
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.
Seventy Seven Energy (OTCPK:SVNT) 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 Seventy Seven Energy's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Steven B Hinchman | director | MARATHON OIL CORP, 5555 SAN FELIPE ROAD, HOUSTON TX 77056 |
David S King | director | ONE RADNOR CORPORATE CENTER, 100 MATSONFORD ROAD, RADNOR PA 19807 |
Edward John Dipaolo | director | 9422 WINDRUSH DRIVE, SPRING TX 77379 |
Andrew Axelrod | director | C/O AXAR CAPITAL MANAGEMENT, LP, 402 W 13TH STREET, FLOOR 5, NEW YORK NY 10014 |
Douglas James Wall | director | C/O BAKER HUGHES, 9110 GROGANS MILLS ROAD, WOODLANDS TX 77380 |
James Minmier | officer: President - Nomac Drilling | 777 N.W. 63RD ST., OKLAHOMA CITY OK 73116 |
Karl Blanchard | officer: Chief Operating Officer | 777 N.W. 63RD ST., OKLAHOMA CITY OK 73116 |
Cary D Baetz | officer: CFO and Treasurer | 5201 TRUXTUN AVE, BAKERSFIELD CA 93309 |
Victor Danh | director | 777 N.W. 63RD STREET, OKLAHOMA CITY OK 73116 |
A B Krongard | other: Former Director | C/O UNDER ARMOUR, INC., 1020 HULL STREET, BALTIMORE MD 21230 |
Marran H. Ogilvie | other: Former Director | 599 LEXINGTON AVENUE, NEW YORK NY 10022 |
Bob G Alexander | other: Former Director | 6017 MORNING DOVE LANE, EDMOND OK 73025 |
Ronnie K Irani | other: Former Director | 3909 TIMBERLINE PL EDMOND OK 73013 |
Anne-marie Ainsworth | director | 333 CLAY STREET, SUITE 2400, HOUSTON TX 77002 |
Chesapeake Energy Corp | 10 percent owner | 6100 NORTH WESTERN AVE, OKLAHOMA CITY OK 73118 |
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