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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. HP's intangible assets for the quarter that ended in Jan. 2024 was $10,129 Mil.
The historical data trend for HP'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.
HP Annual Data | |||||||||||||||||||||
Trend | Oct14 | Oct15 | Oct16 | Oct17 | Oct18 | Oct19 | Oct20 | Oct21 | Oct22 | Oct23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 7,033.00 | 6,920.00 | 7,587.00 | 10,474.00 | 10,184.00 |
HP Quarterly Data | ||||||||||||||||||||
Apr19 | Jul19 | Oct19 | Jan20 | Apr20 | Jul20 | Oct20 | Jan21 | Apr21 | Jul21 | Oct21 | Jan22 | Apr22 | Jul22 | Oct22 | Jan23 | Apr23 | Jul23 | Oct23 | Jan24 | |
Intangible Assets | Get a 7-Day Free Trial | 10,450.00 | 10,394.00 | 10,304.00 | 10,184.00 | 10,129.00 |
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.
HP (NYSE:HPQ) 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 HP's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Enrique Lores | officer: President, PSS | 3000 HANOVER STREET, PALO ALTO CA 94304 |
Alex Cho | officer: President, Personal Systems | HP, 1501 PAGE MILL ROAD, PALO ALTO CA 94304 |
David W Meline | director | 3M COMPANY, 3M OFFICE OF GENERAL COUNSEL, ST PAUL MN 55144-1000 |
Berkshire Hathaway Inc | 10 percent owner | 3555 FARNAM STREET, OMAHA NE 68131 |
Marie Myers | officer: Global Controller, HFS & PAO | 3000 HANOVER STREET, PALO ALTO CA 94304 |
Subra Suresh | director | HP, 1501 PAGE MILL RD BLDG 5, PALO ALTO CA 94036 |
David P. Mcquarrie | officer: Chief Commercial Officer | C/O HP INC., 1501 PAGE MILL RD, PALO ALTO CA 94304 |
Shumeet Banerji | director | C/O HEWLETT-PACKARD COMPANY, 3000 HANOVER STREET, PALO ALTO CA 94304 |
Jonathan P Faust | officer: Global Controller | C/O HP INC, 1501 PAGE MILL ROAD, PALO ALTO CA 94304 |
Tuan Tran | officer: Pres Imaging Prtng & Solutions | 1501 PAGE MILL ROAD, PALO ALTO CA 94304 |
Julie M Jacobs | officer: Chief Legal Officer and GC | 22000 AOL WAY, DULLES VA 20166 |
Kristen M Ludgate | officer: Chief People Officer | 3M COMPANY OFFICE OF GENERAL COUNSEL, 3M CENTER, ST. PAUL MN 55144-1000 |
Rucker Kim K.w. | director | KRAFT FOODS GROUP, INC., THREE LAKES DRIVE, NORTHFIELD IL 60093 |
Richard L Clemmer | director | P O BOX 34552, LAS VEGAS NV 89129 |
Judith A Miscik | director | 300 RENAISSANCE CENTER, M/C: 482-C24-A68, DETROIT MI 48265 |
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