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This excerpt taken from the ABII 10-K filed Mar 12, 2010. 7. Intangible Assets As of December 31, 2009 and 2008, our goodwill had a carrying value of $241.4 million resulting from the merger of American BioScience, Inc. and American Pharmaceutical Partners, Inc. and the carrying value has not changed since that date. Goodwill is not deductible for income tax purposes. The following table reflects the components of intangible assets, which have finite lives:
Amortization expense on intangible assets was $39.8 million, $39.4 million, and $38.7 million for the years ended December 31, 2009, 2008 and 2007, respectively. Estimated amortization expense for each of the three succeeding years (2010 – 2012) is $39.8 million, and for the two years following (2013 and 2014) is $12.4 million and $1.1 million, respectively. At December 31, 2009, the weighted average expected life of intangible assets was approximately 4.7 years. These excerpts taken from the ABII 10-K filed Mar 6, 2009. 5. Intangible Assets As of December 31, 2008 and 2007, our goodwill had a carrying value of $241.4 million resulting from the 2006 Merger and the carrying value has not changed since that date. Goodwill is not deductible for income tax purposes. All of our intangible assets, other than goodwill, are subject to amortization. Amortization expense on intangible assets was $39.4 million, $38.7 million and $27.3 million for the years ended December 31, 2008, 2007 and 2006, respectively. At December 31, 2008, the weighted average expected lives of intangibles was approximately 4.8 years.
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Table of ContentsThe following table reflects the components of intangible assets, which have finite lives:
Estimated amortization expense for identifiable intangible assets, other than goodwill, for each of the four succeeding years (2009 – 2012) is $39.2 million and for the fifth year in 2013 it is $11.9 million. 5. Intangible Assets changed since that date. Goodwill is not deductible for income tax purposes. All of our intangible assets, other than goodwill, are
74 Table of ContentsThe following table reflects the components of intangible assets, which have finite lives:
Estimated amortization expense for identifiable intangible assets, other than goodwill, for each This excerpt taken from the ABII 8-K filed Nov 8, 2007. (5) Intangible Assets The following table reflects the components of intangible assets, which have finite lives:
Estimated amortization expense for identifiable intangible assets, other than goodwill, for each of the five succeeding years is $38.6 million. | EXCERPTS ON THIS PAGE:
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