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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Ballys's intangible assets for the quarter that ended in Mar. 2024 was $3,727 Mil.
The historical data trend for Ballys'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.
Ballys Annual Data | |||||||||||||||||
Trend | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Intangible Assets | Get a 7-Day Free Trial | 243.46 | 850.37 | 4,600.61 | 3,708.14 | 3,807.23 |
Ballys Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Intangible Assets | Get a 7-Day Free Trial | 3,762.63 | 3,757.97 | 3,876.42 | 3,807.23 | 3,727.49 |
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.
Ballys (NYSE:BALY) 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 Ballys's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Jeffrey W Rollins | director | |
Jaymin B Patel | director | C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817 |
Terrence Downey | director | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
Wanda Y. Wilson | director | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
Lee Kim Barker | officer: EVP, Chief Legal Officer | C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Tracy S. Harris | director | C/O 1847 HOLDINGS LLC, 590 MADISON AVE., 21ST FLOOR, NEW YORK NY 10022 |
Robeson Reeves | director, officer: President, Interactive | 100 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Craig L Eaton | officer: EVP, General Counsel, Sec. | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
George T. Papanier | director, officer: President and CEO | 100 TWIN RIVER ROAD, LINCOLN RI 02865 |
Marcus Glover | officer: EVP, Chief Financial Officer | C/O BALLY'S CORPORATION, 100 WESTMINSTER STREET, PROVIDENCE RI 02903 |
Standard General L.p. | director, 10 percent owner | 767 FIFTH AVENUE, 12TH FLOOR, NEW YORK NY 10153 |
Noel Hayden | 10 percent owner | C/O ANZO GROUP LIMITED, 25 GOLDEN SQUARE, LONDON X0 W1F 9LU |
Marc A Crisafulli | officer: EVP Government Relations | C/O GTECH HOLDINGS CORPORATION, 55 TECHNOLOGY WAY, WEST GREENWICH RI 02817 |
Robert M. Lavan | officer: Executive Vice President, CFO | 5201 INTERCHANGE WAY, LOUISVILLE KY 40229 |
Stephen H Capp | officer: Executive Vice President, CFO | C/O PINNACLE ENTERTAINMENT INC, 8918 SPANISH RIDGE AVENUE, LAS VEGAS NV 89148 |
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