S&P 500 goodwill assets near $4 trillion, a five year high
NEW YORK, Sept. 15, 2022 /PRNewswire-PRWeb/ -- Calcbench, a leading interactive financial data platform designed for detailed fundamental research, today announced findings from their annual goodwill study. As of year-end 2021, total goodwill assets for the S&P 500 rose to $3.77 trillion, a five-year high. In addition, the report found that the average S&P 500 firm has $8.5 billion in goodwill on their balance sheet.
September 26th goodwill webinar explores the magnitude of goodwill assets
NEW YORK, Sept. 15, 2022 /PRNewswire-PRWeb/ -- Calcbench, a leading interactive financial data platform designed for detailed fundamental research, today announced findings from their annual goodwill study. As of year-end 2021, total goodwill assets for the S&P 500 rose to $3.77 trillion, a five-year high. In addition, the report found that the average S&P 500 firm has $8.5 billion in goodwill on their balance sheet.
Goodwill, an intangible asset representing the amount an acquirer pays for a target beyond its identifiable assets, appears on the balance sheet after a firm completes a corporate acquisition. Over the years, as corporate acquisitions have abounded, and goodwill has continually grown, the reporting for goodwill has been a topic of debate.
Although the Financial Accounting Standards Board (FASB) recently ended an effort to overhaul the accounting for goodwill, the topic remains front and center for corporate reporting professionals, financial analysts, investors, regulators and standard setters. According to a 2021 CFA Institute report, investors want even more information in financial disclosures to help them assess acquisition performance.
"Understanding what a firm has purchased, how they've accounted for it in the disclosures and how well the acquisition has fared over time, gives analysts insight into how a firm is managed," says Pranav Ghai, co-founder and CEO of Calcbench.
Despite recent economic turmoil, acquisitions continue to be core to many firms' strategies. Just last week, CVS announced an $8 billion acquisition of Signify Health, and that comes on the heels of several multi-billion dollar deals including Intel's announced acquisition of Tower Semiconductor and Google's announced acquisition of Mandiant.
To learn more about goodwill, sign up for a free September 26 webinar co-sponsored by Calcbench and Valuation Research Corporation (VRC), a leading global provider of independent valuation support and advisory services. Moderated by Matt Kelly, of Radical Compliance, the event will include presentations from Pranav Ghai, Calcbench CEO, PJ Patel, VRC Co-CEO, Sandy Peters, head of financial reporting at the CFA Institute and Scott Taub, Managing Director at Financial Reporting Advisors.
About Calcbench
Calcbench is a financial data platform designed for outperformance. Founded in 2011, the company uses the latest technology to offer instant and systematic access to all the data (numbers and text) in financial statements, including the details hidden within the footnotes. Developed by former analysts, Calcbench was built for financial analysts looking to go deeper. Visit http://www.calcbench.com to learn more.
About Valuation Research Corporation
Valuation Research Corporation is a full-service, independent, global valuation firm. Since 1975, our network of over 1,400 valuation professionals, which includes VRC's 250 U.S.-based colleagues, has provided objective, supportable conclusions of value to domestic and international clients. VRC has locations in Atlanta, Boston, Chicago, Cincinnati, Dallas, Milwaukee, New York, Princeton, San Francisco, and Tampa; as well as international member firms operating as VRG in Argentina, Australia, Brazil, Canada, China, Colombia, Germany, India, Israel, Japan, Luxembourg, Mexico, Singapore, Spain, and the United Kingdom.
Media Contact
Samantha Berg, Calcbench, 1 917-533-4622, [email protected]
SOURCE Calcbench
