Go Daddy 2015 Annual Report Download - page 103
Download and view the complete annual report
Please find page 103 of the 2015 Go Daddy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93 -
94 -
95 -
96 -
97 -
98 -
99 -
100 -
101 -
102 -
103 -
104 -
105 -
106 -
107 -
108 -
109 -
110 -
111 -
112 -
113 -
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
 |
 |
Table of Contents
GoDaddy Inc.
Notes to Consolidated Financial Statements
(In millions, except share amounts which are reflected in thousands and per share amounts)
Intangible assets, net are summarized as follows:
December 31, 2015
Gross Carrying
Amount
Accumulated
Amortization
Domains Sold
Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding $ 445.0
n/a
n/a
$ 445.0
Domain portfolio 61.2
n/a
$ (3.7)
57.5
Finite-lived intangible assets:
Customer-related 361.2
$ (196.8)
n/a
164.4
Developed technology 210.1
(148.0)
n/a
62.1
Trade names 11.2
(5.2)
n/a
6.0
Other 1.1
(0.8)
n/a
0.3
$ 1,089.8
$ (350.8)
$ (3.7)
$ 735.3
December 31, 2014
Gross Carrying
Amount
Accumulated
Amortization
Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding $ 445.0
n/a
$ 445.0
Finite-lived intangible assets:
Customer-related 336.9
$ (143.1)
193.8
Developed technology 209.5
(107.4)
102.1
Trade names 10.9
(2.8)
8.1
Other 1.1
(0.4)
0.7
$ 1,003.4
$ (253.7)
$ 749.7
During 2015 , we purchased a customer-related intangible asset for $22.5 million in cash. The purchased intangible asset was valued at cost and will be
amortized over 48 months based on expected customer attrition. Transaction costs were immaterial and were expensed as incurred.
Customer-related intangible assets, developed technology, trade names and other intangible assets have weighted-average useful lives from the date of
purchase of 99 months , 64 months , 58 months and 36 months , respectively. Amortization expense was $97.5 million , $97.2 million and $90.4 million during
2015 , 2014 and 2013 , respectively. The weighted-average remaining amortization period for amortizable intangible assets was 47 months as of December 31,
2015 .
Based on the balance of finite-lived intangible assets at December 31, 2015 , expected future amortization expense is as follows:
Year Ending December 31:
2016 $ 89.1
2017 52.8
2018 44.6
2019 25.9
2020 20.4
Thereafter —
$ 232.8
97