The amount of cash outflows for the acquisition of intangible assets during a specific period. Intangible assets are non-monetary assets without physical substance that are identifiable and controlled by a company, such as patents, trademarks, goodwill, and software. Acquisition of intangible assets refers to the process of purchasing or otherwise obtaining these assets for future use or benefit. Acquisition of intangible assets may result in an increase in the carrying value and amortization expense of these assets. Acquisition of intangible assets is reported as part of cash flow from investing activities on the cash flow statement.