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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Veralto's intangible assets for the quarter that ended in Mar. 2024 was $2,912 Mil.
The historical data trend for Veralto'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.
Veralto Annual Data | |||||||||
Trend | Dec20 | Dec21 | Dec22 | Dec23 | |||||
Intangible Assets | - | 3,035.00 | 2,955.00 | 2,960.00 |
Veralto Quarterly Data | ||||||||||
Dec20 | Dec21 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Intangible Assets | Get a 7-Day Free Trial | - | 2,961.00 | 2,913.00 | 2,960.00 | 2,912.00 |
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.
Veralto (NYSE:VLTO) 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 Veralto's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Melissa Aquino | officer: SVP, Water Quality | 3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062 |
Sameer Ralhan | officer: SVP, Chief Financial Officer | C/O THE CHEMOURS COMPANY, 1007 MARKET STREET, WILMINGTON DE 19899 |
Surekha Trivedi | officer: SVP, Strategy & Sustainability | C/O VERALTO CORPORATION, 225 WYMAN STREET, SUITE 250, WALTHAM MA 02451 |
Mattias Bystrom | officer: SVP-Prod. Quality & Innovation | C/O VERALTO CORPORATION, 225 WYMAN STREET, SUITE 250, WALTHAM MA 02451 |
Lesley Beneteau | officer: SVP, Human Resources | C/O VERALTO CORPORATION, 225 WYMAN STREET, SUITE 250, WALTHAM MA 02451 |
Cindy L. Wallis-lage | director | C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057 |
Bernard M Skeete | officer: VP, Chief Accounting Officer | C/O TRINSEO S.A., 1000 CHESTERBROOK BLVD., SUITE 300, BERWYN PA 19312 |
Sylvia Ann Stein | officer: SVP, General Counsel | 1500 DEKOVEN AVE., RACINE WI 53403 |
Shyam Kambeyanda | director | 2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808 |
Thomas L Williams | director | 6035 PARKLAND BOULEVARD, CLEVELAND OH 44124 |
Heath A Mitts | director | 1925 WEST FIELD COURT, SUITE 200, LAKE FOREST IL 60045 |
Francoise Colpron | director | SEALED AIR CORPORATION, 2415 CASCADE POINTE BOUVELVARD, CHARLOTTE NC 28208 |
William King | director | 2200 PENNSYLVANIA AVENUE, NW, SUITE 800W, WASHINGTON DC 20037 |
Walter G Lohr | director | DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006 |
Daniel L Comas | director | DANAHER CORP, 2099 PENNSYLVANIA AVE NW 12TH FL, WASHINGTON DC 20006 |
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