Adjusted net income presents shareholders' net income before stock-based compensation, business acquisition expenses and amortization of intangible assets.

Source: https://investingnews.com/enterprise-group-announces-results-for-first-quarter-2023/

Amounts included in cost of sales primarily reflect expenses for the amortization of intangible assets.

Source: https://investingnews.com/preclinical-data-shows-arg-007-inhibits-one-of-the-main-causes-of-alzheimers-disease/

As growth continues to be prioritized over margins, expected investments in CapEx, including tangible (i.e. studio) and intangible assets (i.e. producing new games), will rise to $120 million in FY23 as guided by the management.

Source: https://seekingalpha.com/article/4575737-evolution-q4-earnings-strong-rng-continues-drag?source=feed_all_articles

Asset impairment lossesdecreased by 99.0% to ) in the fourth quarter of 2022 from in the same period of 2021, mainly due to the higher base of impairment loss in the fourth quarter of 2021 driven by impairment loss of intangible assets.

Source: https://www.prnewswire.com/news-releases/lufax-reports-fourth-quarter-and-full-year-2022-financial-results-301768815.html

Non-current assets reported include property, plant, and equipment of $919 million, goodwill close to $799 million, intangible assets of $483 million, and deferred income tax assets of around $25 million.

Source: https://seekingalpha.com/article/4601458-woodward-better-guidance-efficiency-lead-to-undervaluation?source=feed_all_articles

One of the most likely sources of competitive advantage might be intangible assets derived from regulation or brand equity development.

Source: https://seekingalpha.com/article/4629098-the-bullish-case-for-tilray-brands?source=feed_all_articles

Some other sectors are disadvantaged: those with large intangible assets like technology.

Source: https://seekingalpha.com/article/4577504-iws-little-added-value-in-this-value-index?source=feed_all_articles