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These excerpts taken from the DVN 10-K filed Feb 27, 2009. Goodwill
Goodwill represents the excess of the purchase price of business
combinations over the fair value of the net assets acquired and
is tested for impairment at least annually. The impairment test
requires allocating goodwill and all other assets and
liabilities to assigned reporting units. The fair value of each
reporting unit is estimated and compared to the net book value
of the reporting unit. If the estimated fair value of the
reporting unit is less than the net book value, including
goodwill, then the goodwill is written down to the implied fair
value of the goodwill through a charge to expense. Because
quoted market prices are not available for Devon’s
reporting units, the fair values of the reporting units are
estimated based upon several valuation analyses, including
comparable companies, comparable transactions and premiums paid.
Devon performed annual impairment tests of goodwill in the
fourth quarters of 2008, 2007 and 2006. Based on these
assessments, no impairment of goodwill was required.
The table below provides a summary of Devon’s goodwill, by
assigned reporting unit, as of December 31, 2008 and 2007.
The decrease in goodwill from 2007 to 2008 is largely due to
changes in the exchange rate between the U.S. dollar and
the Canadian dollar.
Goodwill
Goodwill represents the excess of the purchase price of business
combinations over the fair value of the net assets acquired and
is tested for impairment at least annually. The impairment test
requires allocating goodwill and all other assets and
liabilities to assigned reporting units. The fair value of each
reporting unit is estimated and compared to the net book value
of the reporting unit. If the estimated fair value of the
reporting unit is less than the net book value, including
goodwill, then the goodwill is written down to the implied fair
value of the goodwill through a charge to expense. Because
quoted market prices are not available for Devon’s
reporting units, the fair values of the reporting units are
estimated based upon several valuation analyses, including
comparable companies, comparable transactions and premiums paid.
Devon performed annual impairment tests of goodwill in the
fourth quarters of 2008, 2007 and 2006. Based on these
assessments, no impairment of goodwill was required.
The table below provides a summary of Devon’s goodwill, by
assigned reporting unit, as of December 31, 2008 and 2007.
The decrease in goodwill from 2007 to 2008 is largely due to
changes in the exchange rate between the U.S. dollar and
the Canadian dollar.
Goodwill Goodwill represents the excess of the purchase price of business combinations over the fair value of the net assets acquired and is tested for impairment at least annually. The impairment test requires allocating goodwill and all other assets and liabilities to assigned reporting units. The fair value of each reporting unit is estimated and compared to the net book value of the reporting unit. If the estimated fair value of the reporting unit is less than the net book value, including goodwill, then the goodwill is written down to the implied fair value of the goodwill through a charge to expense. Because quoted market prices are not available for Devon’s reporting units, the fair values of the reporting units are estimated based upon several valuation analyses, including comparable companies, comparable transactions and premiums paid. Devon performed annual impairment tests of goodwill in the fourth quarters of 2008, 2007 and 2006. Based on these assessments, no impairment of goodwill was required. The table below provides a summary of Devon’s goodwill, by assigned reporting unit, as of December 31, 2008 and 2007. The decrease in goodwill from 2007 to 2008 is largely due to changes in the exchange rate between the U.S. dollar and the Canadian dollar.
Goodwill Goodwill represents the excess of the purchase price of business combinations over the fair value of the net assets acquired and is tested for impairment at least annually. The impairment test requires allocating goodwill and all other assets and liabilities to assigned reporting units. The fair value of each reporting unit is estimated and compared to the net book value of the reporting unit. If the estimated fair value of the reporting unit is less than the net book value, including goodwill, then the goodwill is written down to the implied fair value of the goodwill through a charge to expense. Because quoted market prices are not available for Devon’s reporting units, the fair values of the reporting units are estimated based upon several valuation analyses, including comparable companies, comparable transactions and premiums paid. Devon performed annual impairment tests of goodwill in the fourth quarters of 2008, 2007 and 2006. Based on these assessments, no impairment of goodwill was required. The table below provides a summary of Devon’s goodwill, by assigned reporting unit, as of December 31, 2008 and 2007. The decrease in goodwill from 2007 to 2008 is largely due to changes in the exchange rate between the U.S. dollar and the Canadian dollar.
These excerpts taken from the DVN 10-K filed Jun 9, 2008. Goodwill
Goodwill represents the excess of the purchase price of business
combinations over the fair value of the net assets acquired and
is tested for impairment at least annually. The impairment test
requires allocating goodwill and all other assets and
liabilities to assigned reporting units. The fair value of each
reporting unit is estimated and compared to the net book value
of the reporting unit. If the estimated fair value of the
reporting unit is less than the net book value, including
goodwill, then the goodwill is written down to the implied fair
value of the goodwill through a charge to expense. Because
quoted market prices are not available for Devon’s
reporting units, the fair values of the reporting units are
estimated based upon several valuation analyses, including
comparable companies, comparable transactions and premiums paid.
Devon performed annual impairment tests of goodwill in the
fourth quarters of 2007, 2006 and 2005. Based on these
assessments, no impairment of goodwill was required.
The table below provides a summary of Devon’s goodwill, by
assigned reporting unit, as of December 31, 2007 and 2006.
The increase in goodwill from 2006 to 2007 is largely due to
changes in the exchange rate between the U.S. dollar and
the Canadian dollar.
Goodwill Goodwill represents the excess of the purchase price of business combinations over the fair value of the net assets acquired and is tested for impairment at least annually. The impairment test requires allocating goodwill and all other assets and liabilities to assigned reporting units. The fair value of each reporting unit is estimated and compared to the net book value of the reporting unit. If the estimated fair value of the reporting unit is less than the net book value, including goodwill, then the goodwill is written down to the implied fair value of the goodwill through a charge to expense. Because quoted market prices are not available for Devon’s reporting units, the fair values of the reporting units are estimated based upon several valuation analyses, including comparable companies, comparable transactions and premiums paid. Devon performed annual impairment tests of goodwill in the fourth quarters of 2007, 2006 and 2005. Based on these assessments, no impairment of goodwill was required. The table below provides a summary of Devon’s goodwill, by assigned reporting unit, as of December 31, 2007 and 2006. The increase in goodwill from 2006 to 2007 is largely due to changes in the exchange rate between the U.S. dollar and the Canadian dollar.
These excerpts taken from the DVN 10-K filed Feb 28, 2008. Goodwill
Goodwill represents the excess of the purchase price of business
combinations over the fair value of the net assets acquired and
is tested for impairment at least annually. The impairment test
requires allocating goodwill and all other assets and
liabilities to assigned reporting units. The fair value of each
reporting unit is estimated and compared to the net book value
of the reporting unit. If the estimated fair value of the
reporting unit is less than the net book value, including
goodwill, then the goodwill is written down to the implied fair
value of the goodwill through a charge to expense. Because
quoted market prices are not available for Devon’s
reporting units, the fair values of the reporting units are
estimated based upon several valuation analyses, including
comparable companies, comparable transactions and premiums paid.
Devon performed annual impairment tests of goodwill in the
fourth quarters of 2007, 2006 and 2005. Based on these
assessments, no impairment of goodwill was required.
The table below provides a summary of Devon’s goodwill, by
assigned reporting unit, as of December 31, 2007 and 2006.
The increase in goodwill from 2006 to 2007 is largely due to
changes in the exchange rate between the U.S. dollar and
the Canadian dollar.
Goodwill Goodwill represents the excess of the purchase price of business combinations over the fair value of the net assets acquired and is tested for impairment at least annually. The impairment test requires allocating goodwill and all other assets and liabilities to assigned reporting units. The fair value of each reporting unit is estimated and compared to the net book value of the reporting unit. If the estimated fair value of the reporting unit is less than the net book value, including goodwill, then the goodwill is written down to the implied fair value of the goodwill through a charge to expense. Because quoted market prices are not available for Devon’s reporting units, the fair values of the reporting units are estimated based upon several valuation analyses, including comparable companies, comparable transactions and premiums paid. Devon performed annual impairment tests of goodwill in the fourth quarters of 2007, 2006 and 2005. Based on these assessments, no impairment of goodwill was required. The table below provides a summary of Devon’s goodwill, by assigned reporting unit, as of December 31, 2007 and 2006. The increase in goodwill from 2006 to 2007 is largely due to changes in the exchange rate between the U.S. dollar and the Canadian dollar.
This excerpt taken from the DVN 10-K filed Feb 28, 2007. Goodwill
Goodwill represents the excess of the purchase price of business
combinations over the fair value of the net assets acquired and
is tested for impairment at least annually. The impairment test
requires allocating goodwill and all other assets and
liabilities to assigned reporting units. The fair value of each
reporting unit is estimated and compared to the net book value
of the reporting unit. If the estimated fair value of the
reporting unit is less than the net book value, including
goodwill, then the goodwill is written down to the implied fair
value of the goodwill through a charge to expense. Because
quoted market prices are not available for Devon’s
reporting units, the fair values of the reporting units are
estimated based upon several valuation analyses, including
comparable companies, comparable transactions and premiums paid.
Devon performed annual impairment tests of goodwill in the
fourth quarters of 2006, 2005 and 2004. Based on these
assessments, no impairment of goodwill was required.
The table below provides a summary of Devon’s goodwill, by
assigned reporting unit, as of December 31, 2006 and 2005:
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