The Calcbench Insider: December 2016
Happy holidays to all our
Calcbench fans, and we wish you the best as you ramp up to your year-end filings! As always, we have been busy here expanding our product lineup and dabbling in financial data research. Whether you’re new to our products or looking to learn more about how we can improve your day-to-day, we hope you find the information below useful.
Sign up here for a free Calcbench trial. As always, your feedback is welcome.
All the best,
The Calcbench Team
What’s New in Calcbench
Purchase price allocation data. Wondering how that acquisition deal you saw in the news was structured? Well, Calcbench has compiled purchase price allocation data, tracking all M&A deals by publicly traded companies going back to 2010. Subscribers can study individual deals, or crunch aggregate data about multiple deals.
Read more here.
Our latest take on goodwill impairment. With 2015 annual reports all now firmly in hand, this is the time of year when some research firms publish reports on goodwill impairment. We did our own analysis last month, and it’s a whopper: among all corporate filers, goodwill impairment stood at $92.6 billion for 2015. That’s up from $83 billion in 2014 and $34.6 billion the year before that.
Read more here.
Geeking Out on Data
Predictive analysis and going concern warnings. A new standard goes into effect this month to impose more discipline around how companies assess their ability to continue as a going concern. Calcbench did an experiment to see how quickly we could identify filers with multiple poor financial metrics—which, in turn, could help analysts ask more focused questions about how filers plan to turn around the ship.
See our results inside.
SG&A costs edging upward. The overhead costs of sales, general, and administrative expenses are a fact of life for Corporate America. We recently decided to see how those expenses have changed, 2011 to 2015—and while SG&A costs have trended upward in absolute dollars, they have held remarkably steady as a percentage of corporate revenue.
Read more here.
Putting a value on hard-to-value assets. During a merger, determining the fair value of intangible assets (intellectual property, customer relationships, employee non-compete agreements, trademarks, and the like) is never easy. Still, it
can be done—so Calcbench explored the value of so-called “Level 3” intangible assets reported in mergers, 2012 to 2015. Our Top 10 list is inside.
Read more here.
Financial Reporting in the News
Busted for bad segment reporting. You don’t see this often: last month the SEC fined a North Carolina company $470,000 for violating segment reporting rules. We have a run-down on the basic rules for segment reporting inside, and our own
Segments, Rollfwards, and Breakouts database provides lots of intel on what data companies do report.
Read more here.
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