BNET Business Dictionary
Business Definition for: Goodwill
an intangible asset of a company that includes factors such as reputation, contacts, and expertise, for which a buyer of the company may have to pay a premium.
Example: Goodwill becomes an intangible asset when a company has been acquired by another. It then appears on a balance sheet in the amount by which the price paid by the acquiring company exceeds the net tangible assets of the acquired company. In other wordsPurchase price â€" Net assets = GoodwillIf an airline is bought for $12 billion and its net assets are valued at $9 billion, $3 billion of the purchase would be allocated to goodwill on the balance sheet.
Wiktionary Definition for: Goodwill
- #a positive or altruistic attitude towards something
- # accounting the value of a business entity not directly attributable to its tangible assets and liabilities. This value derives from factors such as consumer loyalty to the brand.
- # business a concept used to refer to an individual or a business's ability to exert influence within a community, club, market or another type of group, without having to resort to the use of an asset (such as money or property), either directly or by the creation of a lien.
Additional Resources
- Does MDC Partners Have a "Goodwill" Problem?
- In the world of MDC Partners CEO Miles Nadal, everything only seems to go up. In his last conference call with investors, he predicted MDC's revenues will rise in 2009 by 1-3 percent and profits will grow 3-6 percent. Could happen. But there's another growing thing on...
- Blog posts 2009-03-03
- MDC Q1 Preview: Freeman Off the Books; Goodwill "Unimpaired"; Nadal Does a Curious Art Deal
- MDC Partners, the corporate owner of Crispin Porter + Bogusky and Kirshenbaum Bond + Partners, scheduled its Q1 2009 earnings call for April 28. It also restated some of its earnings to "reflect discontinued operations during the fourth quarter of 2008." If you're thinking that restatement accounts...
- Blog posts 2009-04-21
- Does $5 Buy You Any Goodwill?
- Does $5 Buy You Any Goodwill?Not all is how it appearsThis pay it forward challenge has also generated some bad feelings with employees. Last year the employees were allowed to keep the money. This year they are told they have to give it away. Wonder how much this will cost...
- Discussion threads 2007-12-26
- Lamar Takes on More Debt as It Warns of Goodwill Losses
- Lamar has taken on $350 million more in debt as it expects to see net income in Q1 and Q2 hurt by write-downs of goodwill. Lamar said the new debt will "reduce the amount of revolving commitments under our senior credit facility." In addition,...
- Blog posts 2009-03-24
- Goodwill counts Census 2000 builds Detroit: Goodwill works for census and people
- Michigan Chronicle 02-01-2000 Goodwill counts Census 2000 builds Detroit: Goodwill works for census and people In response to the importance of Census 2000, Goodwill Industries, Inc. the nation's largest nonprofit provider of welfare-to-work services, has awarded $335,000 to Goodwill Industries of...
- Research articles 2000-02-01
- VolunteerMatch Helps Goodwill Recruit Volunteers From The Internet
- VolunteerMatch, the nonprofit web site that makes it easy to find volunteer opportunities by ZIP code, is helping Goodwill Industries International recruit volunteers online. Goodwill's web site now features a customized version of VolunteerMatch, enabling visitors at www.goodwill.org to locate volunteer opportunities at their local Goodwill agency by clicking on...
- Research articles 1970-01-01
- Turner: Goodwill Games to lose at least $26M. (Turner Broadcasting System Inc. loses money on broadcasts)
- Turner: Goodwill Games To Lose at Least $26M ATLANTA - As ratings for the Goodwill Games continue to fall short of projections, R.E. Ted Turner, chairman and CEO of Turner Broadcasting System Inc. admitted last week that the games could lose a...
- Research articles 1990-07-30
- Turner revamps NY games. (Turner Broadcasting System Inc.; 1998 Goodwill Games)
- Goodwill effort cut to stanch losses The Goodwill Games will put on their best public face this week, when media titan Ted Turner unveils corporate sponsors for the 1998 competition in New York. But behind the scenes, the picture is far less rosy. To Goodwill effort...
- Research articles 1997-07-14
- TBS and ABC to share coverage of Goodwill Games.
- TBS and ABC To Share Coverage Of Goodwill Games Cable operators will not have to pay an extra surcharge for the 1994 Goodwill Games, which got the green light from the Turner Broadcasting System Inc. board of directors despite major losses from...
- Research articles 1990-10-01
- Free Drop-Off of Unwanted Technology at Goodwill Launch Event 1-22-05; Good for the Environment and Job Creation, Good for You!
- Computer Recycling Day at Goodwill Los Feliz Store Saturday, January 22nd, Launches Goodwill Southern California Computer Recycling Services ...
- Research articles 2005-01-18
- Turner takes control of Goodwill Games.(Turner Broadcasting System Inc.)
- Turner Broadcasting SysteM Inc. has taken over control of the Goodwill Games in an attempt to turn a profit on the sporting event. Turner Sports has formed a new division, Goodwill Games Inc., dedicated solely to organizing and promoting the event Turner Broadcasting...
- Research articles 1998-05-04
- Media Advisory: Goodwill and American Express host call centre mentoring session.
- TORONTO, Sep 21, 2000 WHAT: Goodwill and American Express team up to host a back-to-school mentoring session with participants of Goodwill's Call Centre ...
- Research articles 2000-09-22
- Kodak adopts FASB 142 guideline for Goodwill.
- M2 PRESSWIRE-14 December 2001-Eastman Kodak: Kodak adopts FASB 142 guideline for Goodwill C1994-2001 M2 COMMUNICATIONS LTD RDATE:13122001 Rochester, N.Y. -- Eastman Kodak Company will adopt Statement of Financial Accounting Standards Number 142, Goodwill and Other Intangible Assets, effective January...
- Research articles 2001-12-14
- Goodwill Industries Reaffirms Commitment to Fiscal Responsibility
- As a steward of public and private resources for more than a century, Goodwill Industries International endorses a move toward greater fiscal oversight in America's nonprofit organizations. "At Goodwill, holding ourselves accountable is nothing new," says George W. Kessinger, President and CEO of Goodwill Industries International. "We believe...
- Research articles 2004-07-22
- Share the Warmth and Spread the Goodwill
- There are only five days left to donate your gently-worn sweater at any Banana Republic store in exchange for a 30 percent discount on a regular-priced sweater. Goodwill Industries will sell the donated sweaters in its retail stores, and the proceeds will fund Goodwill job training...
- Research articles 2007-12-08
- Teknion to Take Goodwill Charge
- Teknion Corporation (TSX: TKN) today announced that based on the preliminary results of its annual testing for impairment of goodwill in accordance with the Canadian Institute of Chartered Accountants' Handbook Section 3062, "Goodwill and Other Intangible Assets," the Company has determined that the current carrying value of its goodwill is...
- Research articles 2008-01-29
- Teknion to Take Goodwill Charge.
- TORONTO, ONTARIO, Jan 29, 2008 Marketwire via COMTEX -- Teknion Corporation (TSX:TKN) today announced that based on the preliminary results of its annual testing for impairment of goodwill in accordance with the Canadian Institute of Chartered Accountants' Handbook Section 3062, "Goodwill and Other Intangible Assets," the...
- Research articles 2008-01-29
- Goodwill Industries Reports Increases in 2003 Service and Revenues; Human Services Agency Celebrates Goodwill Industries Week May 2-8.
- Byline: Goodwill Industries International BETHESDA, Md., April 30 AScribe Newswire -- More than 600,000 people benefited from Goodwill job-training and career services in 2003, and the agency reports a new high of $2.21 b billion in revenues for the year. The figures represent an...
- Research articles 2004-04-30
- Levi's(R) and Goodwill Pilot Retail Job Shadow Program
- Employees at the Levi's® Store in San Francisco's Union Square will host 10 Goodwill® store managers on May 1 to give them a first-hand look at traditional retail operations. The Goodwill managers run a six-month job training program for roughly 30 Goodwill clients. The pilot job...
- Research articles 2008-04-29
- Mott Foundation Grant to Fund Goodwill Staffing Services
- The Charles Stewart Mott Foundation has awarded Goodwill Industries International a grant of $173,320 to help fund a national Goodwill staffing services project . The project aims to provide job seekers who have physical or mental disabilities, a non-violent criminal record, or lack of a high school...
- Research articles 2008-05-19
