GCI » Topics » The value of our intangible assets may become impaired, depending upon future operating results

These excerpts taken from the GCI 10-K filed Feb 28, 2008.

The value of our intangible assets may become impaired, depending upon future operating results

Goodwill and other intangible assets were approximately $10.8 billion as of Dec. 30, 2007, representing approximately 68% of our total assets. We periodically evaluate our goodwill and other intangible assets to determine whether all or a portion of their carrying values may no longer be recoverable, in which case a charge to earnings may be necessary, as occurred in 2007 (see Note 3 to the Consolidated Financial Statements). Any future evaluations requiring an asset impairment charge for goodwill or other intangible assets could affect future reported results of operations and shareholders’ equity, although such charges would not affect our operations or cash flow.

 

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

 

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ITEM 2. PROPERTIES

The value of our intangible assets may become impaired, depending upon future operating results

STYLE="margin-top:6px;margin-bottom:0px">Goodwill and other intangible assets were approximately $10.8 billion as of Dec. 30, 2007, representing approximately 68% of our total assets. We periodically evaluate
our goodwill and other intangible assets to determine whether all or a portion of their carrying values may no longer be recoverable, in which case a charge to earnings may be necessary, as occurred in 2007 (see Note 3 to the Consolidated Financial
Statements). Any future evaluations requiring an asset impairment charge for goodwill or other intangible assets could affect future reported results of operations and shareholders’ equity, although such charges would not affect our operations
or cash flow.

 





ITEM 1B.
UNRESOLVED STAFF COMMENTS

None.

 


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Table of Contents






ITEM 2.
PROPERTIES

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Feb 28, 2008
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