Goodwill and Intangible Assets Accounting Policy
Goodwill represents the excess of the purchase price over the fair value of assets acquired and liabilities assumed. Walgreen accounts for goodwill and intangibles under ASC Topic 350, Intangibles – Goodwill and Other, which does not permit amortization, but requires Walgreen to test goodwill and other indefinite-lived assets for impairment annually or whenever events or circumstances indicate impairment may exist.
Source: Walgreen Co., Annual Report
Goodwill and Intangible Assets Disclosure
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Walgreen Co., Statement of Financial Position, Goodwill and Intangible Assets
Source: Based on data from Walgreen Co. Annual Reports
| Item |
Description |
The company |
| Goodwill |
Carrying amount as of the balance sheet date, which is the cumulative amount paid and (if applicable) the fair value of any noncontrolling interest in the acquiree, adjusted for any amortization recognized prior to the adoption of any changes in generally accepted accounting principles (as applicable) and for any impairment charges, in excess of the fair value of net assets acquired in one or more business combination transactions. |
Walgreen Co.'s goodwill increased from 2009 to 2010 and from 2010 to 2011.
|
| Goodwill and other intangible assets |
Sum of the carrying amounts of all intangible assets, including goodwill, as of the balance sheet date, net of accumulated amortization and impairment charges. |
Walgreen Co.'s goodwill and other intangible assets increased from 2009 to 2010 and from 2010 to 2011.
|
Analyst Adjustments: Removal of Goodwill
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Walgreen Co., adjustments to financial data
Adjusted Ratios: Removal of Goodwill (Summary)
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Walgreen Co., adjusted ratios
| Ratio |
Description |
The company |
| Adjusted net profit margin |
An indicator of profitability, calculated as adjusted net income divided by revenue. |
Walgreen Co.'s adjusted net profit margin deteriorated from 2009 to 2010 but then improved from 2010 to 2011 exceeding 2009 level.
|
| Adjusted total asset turnover |
An activity ratio calculated as total revenue divided by adjusted total assets. |
Walgreen Co.'s adjusted total asset turnover improved from 2009 to 2010 and from 2010 to 2011.
|
| Adjusted financial leverage |
A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income. |
Walgreen Co.'s adjusted financial leverage increased from 2009 to 2010 and from 2010 to 2011.
|
| Adjusted ROE |
A profitability ratio calculated as adjusted net income divided by adjusted shareholders' equity. |
Walgreen Co.'s adjusted ROE improved from 2009 to 2010 and from 2010 to 2011.
|
| Adjusted ROA |
A profitability ratio calculated as adjusted net income divided by adjusted total assets. |
Walgreen Co.'s adjusted ROA improved from 2009 to 2010 and from 2010 to 2011.
|
Adjusted Net Profit Margin
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2011 Calculations
| Ratio |
Description |
The company |
| Adjusted net profit margin |
An indicator of profitability, calculated as adjusted net income divided by revenue. |
Walgreen Co.'s adjusted net profit margin deteriorated from 2009 to 2010 but then improved from 2010 to 2011 exceeding 2009 level.
|
Adjusted Total Asset Turnover
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2011 Calculations
| Ratio |
Description |
The company |
| Adjusted total asset turnover |
An activity ratio calculated as total revenue divided by adjusted total assets. |
Walgreen Co.'s adjusted total asset turnover improved from 2009 to 2010 and from 2010 to 2011.
|
Adjusted Financial Leverage
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2011 Calculations
| Ratio |
Description |
The company |
| Adjusted financial leverage |
A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income. |
Walgreen Co.'s adjusted financial leverage increased from 2009 to 2010 and from 2010 to 2011.
|
Adjusted Return On Equity (ROE)
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2011 Calculations
| Ratio |
Description |
The company |
| Adjusted ROE |
A profitability ratio calculated as adjusted net income divided by adjusted shareholders' equity. |
Walgreen Co.'s adjusted ROE improved from 2009 to 2010 and from 2010 to 2011.
|
Adjusted Return On Assets (ROA)
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2011 Calculations
| Ratio |
Description |
The company |
| Adjusted ROA |
A profitability ratio calculated as adjusted net income divided by adjusted total assets. |
Walgreen Co.'s adjusted ROA improved from 2009 to 2010 and from 2010 to 2011.
|
