Tuesday, February 10, 2009

Goodwill Impairment Hall of Fame -- the List

Following is the list of impairments $100 million or greater noted to date. They are generally all before-tax numbers and all occurred in 2008 unless indicated otherwise. Some impairment amounts for non-goodwill assets may be included.

Sprint Nextel $29 billion (in 2007)
Time Warner $25 billion

CBS $14 Billion
Regions Financial $6 billion
Alcatel $5 billion
Motorola $3.5 billion
BHP $3.36 billion
Supervalu $3.3 billion
Bank of America $2.3 billion
Sovereign Bancorp $1.6 billion
Marathon Oil $1.4 billion
United Rentals $1.1 billion
OfficeMax $1 billion
Sandisk $1 billion
Freeport-McMoRan $13.1-billion
Royal Philips Electronics $1.7 billion
Marathon Oil $1.4 billion.
eBay $1.39 billion (2007)
Cadence Design Systems Inc $1.36 billion
Avnet $1.317 billion
Hercules Offshore $1.2 billion
XL Capital $990 million
Tellabs $988 million
Dow $978 million
Fifth Third Bancorp $965 million
Fifth Third Bancorp $965 million
Weyerhaeuser $827 million
Capital One $811 million
ProLogis $811 million
Charles River $700 Million
JDS Uniphase Corp $692 million
RF Micro Devices $673.0 million to
Morgan Stanley $673 million
RF Micro Devices $673 million
Freeport-McMoRan $6.0 billion
Domtar $591 million
Colonial Bancorp $575 million
Vishay Intertechnology $565 million
Citigroup $563 million
ON Semiconductor $557 million
UPS $548 million
Nalco $544 million
Lear $530 million
Yahoo! $488 million
Loews $482 million
KeyCorp $465 million
KeyCorp $465 million
Synovus $463 million
Micron $463 million
Belden $461 million
GMAC $455 million
Cablevision $450 million
Ciba $448 million
International Paper $438 million
Mueller Water Products, Inc. $400 million
E.ON AG $4.29 billion
Mylan $385 million
Tailwind Financial Inc. $380 million
Electronic Arts $368 million
Cytec Industries $358 million
Cytec Industries $358 million
Lubrizol $356 million
Zions Bancorp $350 million
Quantum $350 million
Pepsi Bottling Group $336 million
Brightpoint $325.9 million
Brightpoint $325.9 million
Harman International $325 million
Chemtura $320 million
Jabil Circuit $317 million
Powerwave Technologies, $315 million
MPS Group $303 million
Royal Philips Electronics $300 million
B/E Aerospace $300 million
Citizens Republic Bancorp $288 million
KLA-Tencor $272 million
Applied Micro Circuits $264.1 million
Applied Micro Circuits $264 million
Guaranty Bancorp $250 million
iBasis $249 million
iBasis $249 million
Benchmark Electronics $247 million
Affymetrix $239 million
South Financial $237.6 million
The South Financial $237 million
Lattice Semiconductor $223 million
Macrovision Solutions $208.3 million
Headwaters $205 million
Fairchild $203 million
Fairchild Semiconductor $203 million
Western Digital $200 million
Ford $2.7 billion
Kinder Morgan $2.3 billion
Webster Financial $189 million
Complete Production Services $178 million
Comsys (up to) $175 million
Comsys IT Partners up to $175 million
Polyone $170 million
Dick's Sporting Goods about $165-$180 million
Jazz Air Income Fund $153 million
Piper Jaffray $140 million
Kforce $129.4 million
First State Bancorporation $127 million
THQ $118.1 million
Colonial Properties $116 million
Hanmi Financial $107 million
LeCroy $105 million
Web.com $103 million
Sara Lee $100 million
Ameristar Casinos $100 million
Canfor (TSX: CFP) $100 million

Some of the conversions to $US may be off somewhat.

2 comments:

Anonymous said...

Is CBS on this list and I'm just missing it? http://blog.wired.com/business/2008/10/cbs-posts-14-bi.html

Anonymous said...

Anonymous again -- whoops, hadn't read Part 15 yet about CBS.