Wed, Jan 29, 2020
A recent Wall Street Journal article titled, “Goodwill Sparks Deep Division, at Least on Balance Sheets” discusses the impact of goodwill amortization on a company’s profit.
Talking about the rarity of companies writing-off goodwill, the author referenced the Duff & Phelps 2019 Goodwill Impairment Study: Overall, the tally of goodwill added to corporate balance sheets every year since the 2008 financial crisis has outstripped the amount written-down due to soured deals or other issues.
The study tracked 8,800 U.S. publicly traded firms and revealed that goodwill impairment recorded by U.S. public companies in 2018 rose 125% to USD 78.9 billion.
Read the full article here.
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