Valuation and consulting for financial reporting, federal, state and local tax, investment and risk management purposes.Valuation Advisory
– Energy sector recorded greatest total amount of impairments –
Duff & Phelps, the premier global valuation and corporate finance advisor, today announced the release of its 2015 U.S. Goodwill Impairment (GWI) Study. This marks the seventh consecutive year that Duff & Phelps has prepared and issued a comprehensive Goodwill Impairment Study in partnership with the Financial Executives Research Foundation (FERF).
The 2015 Study continues to examine general and industry goodwill impairment trends through December 2014 for over 8,700 companies, as well as report the results of its annual survey of Financial Executive International (FEI) members, who represent both privately-owned and publicly-traded companies.
Key highlights from the 2015 Study include:
“The increased 2014 aggregate impairment amount was consistent with macroeconomic trends. While the U.S. economy continued to improve in 2014, plunging commodity prices in the latter half of the year affected certain industries disproportionately,” said Greg Franceschi, Duff & Phelps managing director and co-chairman of the AICPA Impairment Task Force. “With 2015 M&A activity up significantly over 2014 levels, the highest since 2007, goodwill resulting from acquisitions will remain an important asset class for investors to monitor,” added Franceschi.
Duff & Phelps’ companion study focusing on goodwill impairment in the European market will be released in the coming weeks. For more information on Duff & Phelps’ Goodwill Impairment Studies and financial reporting valuation capabilities, please visit www.duffandphelps.com/GWIstudies.
About Duff & Phelps
Duff & Phelps is the premier global valuation and corporate finance advisor with expertise in complex valuation, dispute and legal management consulting, M&A, restructuring, and compliance and regulatory consulting. The firm’s more than 2,000 employees serve a diverse range of clients from offices around the world. For more information, visit www.duffandphelps.com.
M&A advisory and capital raising services in the United States are provided by Duff & Phelps Securities, LLC. Member FINRA/SIPC. Pagemill Partners is a Division of Duff & Phelps Securities, LLC. M&A advisory and capital raising services in the United Kingdom and Germany are provided by Duff & Phelps Securities Ltd., which is authorized and regulated by the Financial Conduct Authority.