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Intangible assets are defined as identifiable non-monetary assets that cannot be seen, touched or physically measured. Comfort Systems USA's intangible assets for the quarter that ended in Mar. 2024 was $1,353 Mil.
The historical data trend for Comfort Systems USA'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.
Comfort Systems USA Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Intangible Assets | Get a 7-Day Free Trial | 492.42 | 696.20 | 896.90 | 885.69 | 947.23 |
Comfort Systems USA 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 | 933.50 | 922.54 | 911.62 | 947.23 | 1,352.82 |
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.
Comfort Systems USA (NYSE:FIX) 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 Comfort Systems USA's Intangible Assets provided by GuruFocus.com. Please click on the following links to see related term pages.
Skidmore Constance Ellen | director | 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057 |
Rhoman J Hardy | director | 2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201 |
William J Sandbrook | director | C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039 |
Vance W Tang | director | C/O KONE INC., 4225 NAPERVILLE ROAD, SUITE 400, LISLE IL 60532 |
Laura Finley Howell | officer: VP, General Counsel, Secretary | 675 BERING DRIVE SUITE 400, HOUSTON TX 77057 |
Franklin Myers | director | C/O CAMERON INT'L CORPORATION, 1333 WEST LOOP S. #1700, HOUSTON TX 77027 |
Brian E. Lane | officer: President / CEO | COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057 |
Julie Shaeff | officer: Chief Accounting Officer | COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057 |
Cindy L. Wallis-lage | director | C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057 |
William Iii George | officer: Chief Financial Officer | 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057 |
Herman E Bulls | director | JONES LANG LASALLE, 1801 K STREET NW SUITE 1000, WASHINGTON DC 20006 |
T Mckenna Trent | officer: VP, General Counsel & Secy | C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057 |
Darcy Anderson | director | C/O PEROT SYSTEMS CORP, 2300 WEST PLANO PKWY, PLANO TX 75075 |
Pablo G. Mercado, | director | 920 MEMORIAL CITY WAY, SUITE 800, HOUSTON TX 77024 |
Alan Krusi | director | AECOM, 555 SOUTH FLOWER ST. 37TH FLOOR, LOS ANGELES CA 90071 |
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