"Intangible assets" are assets that have significant value but no physical presence and provide long-term financial value to a company. Intangible assets that can be valued, sold separately from other assets, and separated from the corporation are considered identifiable intangible assets. Intellectual property, such as patents, trademarks, and copyrights, as well as non-cash government awards, such broadcasting licenses or airport landing rights, are examples of identified intangible assets. A trademark is a symbol that can be used to distinguish the goods or services of one firm from those of other companies. Trademarks are protected under intellectual property laws. Intangible assets are capitalized at fair value as of the date of acquisition rather than cost when acquired separately.
Anaplan’s gross value of intangible assets remained unchanged at $8.17 million in FY2022. In FY2022, the company's net value of intangible assets was $4.17 million. Developed technology and Customer relationships amounted to $5.2 million and $2.97 million respectively, based on the company's calculation of the fair value of identified intangible assets. The company's amortization expense for intangible assets was $4 million in FY2022.
The company's total assets increased by $93.51 million, from $739.12 million in FY2021 to $832.63 million in FY2022. The increase is primarily the result of growth in Accounts receivable of $49.49 million and Deferred commissions of $12.32 million. The total revenue for FY2022 was $592.17 million, increasing $144.42 million or 32.2% from the $447.75 million in FY2021.
During FY2022, subscription revenue was $536.5 million, compared to $408.2 million, or 91% of total revenue, in FY2021. The increase of $128.3 million in subscription revenue was primarily driven by existing customers expanding their use of its platform.
Anaplan Inc (Anaplan) is a provider of cloud-based connected planning platforms. The company is engaged in developing a cloud platform for decision-making with connected planning modeling. Anaplan specializes in forecasting, performance management, supply chain planning, and sales performance management. It offers solutions to finance, marketing, sales, supply chain, workforce, marketing, and IT. The company markets its products including Booking.com, zalora, satsuma, forescout, genoa healthcare, dimension date, super retail group, and red robin. It has an operational presence in various geographical regions including the US, the UK, India, Japan, Australia, and Singapore. Anaplan is headquartered in San Francisco, California, US.
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