Impairment of Goodwill and Purchased Intangible Assets
Phillips 66 Impairment of Goodwill and Purchased Intangible Assets decreased by 89.9% to $8.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 69.2%, from $26.00M to $8.00M. Over 4 years (FY 2021 to FY 2025), Impairment of Goodwill and Purchased Intangible Assets shows a downward trend with a -8.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
Higher values signal poor performance or overpayment for past acquisitions, negatively impacting earnings.
Detailed definition
Charges recognized when the carrying value of goodwill or acquired intangible assets exceeds their fair value. This indi...
Peer comparison
Commonly reported by companies that have engaged in significant M&A activity.
klac_impairment_of_goodwill_and_purchased_intangible_assetsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $0.00 | $1.30B | $2.00M | $0.00 | $2.00M | $0.00 | $58.00M | $8.00M | $4.00M | $3.00M | $9.00M | $165.00M | $225.00M | $29.00M | $37.00M | $26.00M | $4.00M | $951.00M | $79.00M | $8.00M |
| QoQ Change | — | — | -99.8% | -100.0% | — | -100.0% | — | -86.2% | -50.0% | -25.0% | +200.0% | >999% | +36.4% | -87.1% | +27.6% | -29.7% | -84.6% | >999% | -91.7% | -89.9% |
| YoY Change | — | — | — | — | — | -100.0% | >999% | — | +100.0% | — | -84.5% | >999% | >999% | +866.7% | +311.1% | -84.2% | -98.2% | >999% | +113.5% | -69.2% |
Business Segments — Refining
| Segment | Q3 '21 | Q2 '24 | Q3 '24 | Q1 '25 |
|---|---|---|---|---|
| Refining | $1.29B | $0.00 | $0.00 | $1.00M |
| Total | $1.30B | $225.00M | $29.00M | $26.00M |
Refining was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments — Midstream
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Midstream | $225.00M | $28.00M | $34.00M | $0.00 | $0.00 | $0.00 | $79.00M | $4.00M |
| Refining | $0.00 | $0.00 | $1.00M | $1.00M | $3.00M | $951.00M | $0.00 | $2.00M |
| Renewable Fuels | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $2.00M |
| Chemicals | — | — | — | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| M&S | — | — | — | $0.00 | — | — | — | — |
| Total | $225.00M | $29.00M | $37.00M | $26.00M | $4.00M | $951.00M | $79.00M | $8.00M |
Impairment of Goodwill and Purchased Intangible Assets at Other Companies
Frequently Asked Questions
- What is Phillips 66's impairment of goodwill and purchased intangible assets?
- Phillips 66 (PSX) reported impairment of goodwill and purchased intangible assets of $8.00M in Q1 2026.
- How has Phillips 66's impairment of goodwill and purchased intangible assets changed year-over-year?
- Phillips 66's impairment of goodwill and purchased intangible assets decreased by 69.2% year-over-year, from $26.00M to $8.00M.
- What is the long-term trend for Phillips 66's impairment of goodwill and purchased intangible assets?
- Over 4 years (2021 to 2025), Phillips 66's impairment of goodwill and purchased intangible assets has grown at a -8.3% compound annual growth rate (CAGR), from $1.50B to $1.06B.
- What does impairment of goodwill and purchased intangible assets mean?
- Non-cash charges for the reduction in value of acquired assets or goodwill.