Stock Analysis on Net
Stock Analysis on Net

Abiomed Inc. (NASDAQ:ABMD)

This company has been moved to the archive! The financial data has not been updated since November 3, 2022.

Common-Size Balance Sheet: Assets
Quarterly Data

Abiomed Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016
Cash and cash equivalents 10.75 10.59 7.94 9.06 15.81 12.03 15.57 12.67 15.23 17.19 15.81 9.86 13.37 8.98 11.48 8.80 8.61 7.55 5.46 7.02 6.41 6.74 7.09 12.19 11.52 8.92
Short-term marketable securities 37.61 38.97 37.40 32.96 26.71 23.83 23.49 21.38 24.91 17.01 20.62 25.87 26.24 34.28 35.16 39.07 37.66 36.85 40.60 34.85 31.48 31.81 34.68 35.86 37.53 43.07
Accounts receivable, net 5.57 5.35 5.41 5.58 5.85 6.08 6.50 6.51 6.09 6.57 6.96 8.44 8.39 7.66 8.61 9.22 8.36 8.31 8.90 9.01 8.25 8.21 9.82 10.02 9.81 9.62
Inventories, net 6.03 5.60 5.62 5.66 5.62 5.74 5.42 5.77 6.27 7.15 7.41 7.62 8.03 7.80 7.68 7.50 7.18 6.87 6.38 6.52 5.85 5.66 6.35 6.40 6.63 6.78
Prepaid expenses and other current assets 2.69 1.74 1.99 2.30 2.97 2.37 1.74 2.23 1.46 1.68 1.48 1.41 1.56 1.49 1.30 1.10 1.50 1.66 1.50 1.28 1.30 1.38 1.46 2.09 1.86 1.57
Current assets 62.64% 62.24% 58.35% 55.56% 56.96% 50.05% 52.73% 48.56% 53.96% 49.59% 52.27% 53.20% 57.58% 60.21% 64.23% 65.69% 63.30% 61.24% 62.85% 58.67% 53.29% 53.80% 59.40% 66.56% 67.36% 69.95%
Long-term marketable securities 6.89 9.38 13.15 16.49 13.79 19.32 17.67 21.09 15.26 13.58 17.08 14.04 9.43 3.56 2.06 0.00 0.00 0.85 4.77 6.88 8.05 5.78 8.57 3.64 0.84 0.00
Property and equipment, net 11.50 11.65 12.10 12.36 12.89 13.59 13.19 12.56 13.22 13.63 13.56 13.54 14.04 13.48 13.75 14.47 15.11 15.68 14.90 15.01 14.06 14.23 15.95 12.16 10.57 6.04
Goodwill 4.30 4.39 4.59 4.86 5.11 5.42 5.26 5.58 5.88 6.15 2.63 2.72 2.82 2.94 3.09 3.48 3.80 4.18 4.55 4.84 4.94 5.09 5.64 6.10 6.86 7.52
Other intangibles, net 2.17 2.24 2.36 2.53 2.68 2.87 2.82 3.03 3.23 3.38 1.23 1.27 1.32 1.37 1.44 1.62 1.77 1.95 2.12 2.26 2.31 2.37 2.63 2.85 3.20 3.51
Deferred tax assets 1.11 1.00 0.63 0.23 0.19 0.34 0.76 1.49 2.22 2.47 3.56 3.93 5.98 5.93 7.35 10.08 13.10 14.17 9.00 10.45 15.37 17.40 6.31 7.79 10.24 11.95
Other assets 11.38 9.09 8.81 7.97 8.38 8.41 7.57 7.69 6.22 11.20 9.67 11.30 8.82 12.52 8.07 4.67 2.91 1.93 1.80 1.90 1.97 1.33 1.51 0.91 0.93 1.04
Long-term assets 37.36% 37.76% 41.65% 44.44% 43.04% 49.95% 47.27% 51.44% 46.04% 50.41% 47.73% 46.80% 42.42% 39.79% 35.77% 34.31% 36.70% 38.76% 37.15% 41.33% 46.71% 46.20% 40.60% 33.44% 32.64% 30.05%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-K (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-K (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-K (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-K (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-K (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-K (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30).

The asset composition exhibits a cyclical shift in liquidity and investment strategy between June 2016 and September 2022. Current assets, which initially represented 69.95% of total assets, experienced a long-term decline to a low of 48.56% in December 2020 before rebounding to 62.64% by September 2022. This fluctuation suggests a period of strategic reallocation of capital toward long-term instruments and other asset categories, followed by a return to a more liquid posture.

Liquidity and Short-Term Asset Trends
Cash and cash equivalents remained volatile, fluctuating between a low of 5.46% in March 2018 and a peak of 17.19% in June 2020. Short-term marketable securities showed a more pronounced downward trend from a high of 43.07% in June 2016 to 20.62% in March 2020, before recovering to 37.61% by the end of the period. Accounts receivable, net, demonstrated a consistent relative decline from 9.62% to 5.57%, indicating improved collection efficiency or an increase in total asset growth outpacing receivable growth. Inventories remained relatively stable, generally oscillating between 5% and 8% of total assets.
Fixed and Long-Term Investment Patterns
Long-term assets saw an overall increase from 30.05% in June 2016 to a peak of 51.44% in December 2020, before moderating to 37.36% in September 2022. This trend was largely driven by long-term marketable securities, which rose from negligible levels to a peak of 21.09% in December 2020. Property and equipment, net, increased from 6.04% in 2016 to stabilize between 11% and 15% for the remainder of the analyzed period, reflecting an initial expansion of the physical infrastructure.
Intangibles and Deferred Tax Assets
Goodwill and other intangible assets exhibited a gradual downward trend in their proportion of total assets. Goodwill decreased from 7.52% to 4.30%, while other intangibles fell from 3.51% to 2.17%. A significant reduction is observed in deferred tax assets, which plummeted from 11.95% in June 2016 to a low of 0.19% in September 2021, suggesting the utilization of tax assets or changes in valuation allowances over time.
Other Asset Growth
Other assets showed a marked increase in relative importance, growing from 1.04% in June 2016 to 11.38% in September 2022. This suggests an increasing concentration of value in miscellaneous long-term categories that do not fall under traditional fixed asset or investment classifications.

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