Stock Analysis on Net
AI Tokens
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: Liabilities and Stockholders’ Equity

Abiomed Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Mar 31, 2022 Mar 31, 2021 Mar 31, 2020 Mar 31, 2019 Mar 31, 2018 Mar 31, 2017
Accounts payable 2.11 2.33 2.69 3.05 3.00 3.75
Employee compensation 3.03 2.74 2.65 3.12 3.86 4.23
Research and development 0.44 0.47 0.47 0.31 0.40 0.43
Marketing 0.14 0.25 0.14 0.16 0.29 0.33
Warranty 0.12 0.14 0.15 0.12 0.14 0.13
Sales and income taxes 0.12 0.40 1.78 1.16 0.58 0.58
Professional, legal and accounting fees 0.09 0.13 0.57 0.26 0.24 0.37
Other 0.42 0.30 0.41 0.30 0.36 0.79
Accrued expenses 4.34% 4.42% 6.17% 5.45% 5.87% 6.85%
Deferred revenue 1.58 1.63 1.57 1.55 1.90 1.91
Other current liabilities 0.25 0.25 0.40 0.00 0.00 0.00
Current portion of capital lease obligation 0.00 0.00 0.00 0.00 0.00 0.15
Current liabilities 8.27% 8.63% 10.84% 10.05% 10.77% 12.65%
Other long-term liabilities 0.56 0.68 0.76 0.10 0.10 0.59
Contingent consideration 1.29 1.65 0.74 0.91 1.33 1.66
Deferred tax liabilities 0.05 0.06 0.07 0.08 0.11 0.14
Capital lease obligation, net of current portion 0.00 0.00 0.00 0.00 0.00 2.82
Long-term liabilities 1.89% 2.39% 1.57% 1.09% 1.55% 5.22%
Total liabilities 10.16% 11.02% 12.41% 11.14% 12.32% 17.87%
Class B Preferred Stock, $.01 par value; none issued and outstanding 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $.01 par value 0.03 0.03 0.04 0.04 0.06 0.08
Additional paid in capital 51.99 53.58 60.76 65.49 78.83 102.82
Retained earnings (accumulated deficit) 57.64 55.41 49.53 37.89 17.86 -8.53
Treasury stock at cost -18.20 -19.27 -21.82 -13.17 -8.53 -8.50
Accumulated other comprehensive loss -1.62 -0.77 -0.92 -1.39 -0.53 -3.74
Stockholders’ equity 89.84% 88.98% 87.59% 88.86% 87.68% 82.13%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31), 10-K (reporting date: 2019-03-31), 10-K (reporting date: 2018-03-31), 10-K (reporting date: 2017-03-31).

The capital structure demonstrates a significant shift toward internal funding and a reduced reliance on external obligations. Total liabilities decreased from 17.87% of total liabilities and stockholders’ equity in 2017 to 10.16% by 2022. Conversely, stockholders’ equity expanded from 82.13% to 89.84% over the same period, indicating a stronger equity-based foundation.

Current Liabilities Trend
Current liabilities exhibited a general decline, moving from 12.65% in 2017 to 8.27% in 2022. This contraction is primarily driven by a steady reduction in accounts payable, which fell from 3.75% to 2.11%, and a decrease in accrued expenses from 6.85% to 4.34%. Deferred revenue remained relatively stable, fluctuating narrowly between 1.55% and 1.91%.
Long-term Liabilities Trend
Long-term liabilities saw a marked reduction, decreasing from 5.22% in 2017 to 1.89% in 2022. The most notable change was the elimination of capital lease obligations after 2017. Contingent consideration showed volatility, peaking at 1.65% in 2021 before settling at 1.29% in 2022.
Retained Earnings and Profitability
A substantial transformation is observed in retained earnings, which shifted from an accumulated deficit of -8.53% in 2017 to a positive 57.64% by 2022. This trend signifies a transition from early-stage losses to consistent and significant profitability, making retained earnings the largest single component of the balance sheet by 2022.
Contributed Capital and Treasury Stock
Additional paid-in capital decreased significantly as a percentage of the total, falling from 102.82% in 2017 to 51.99% in 2022. This suggests that the growth of the company's asset base is now driven by earnings rather than new capital infusions. Treasury stock increased in magnitude from -8.50% in 2017 to -18.20% in 2022, indicating an active program of share repurchases relative to the total capital structure.

The overall trajectory indicates a highly deleveraged balance sheet characterized by strong organic growth. The replacement of contributed capital and liabilities with retained earnings suggests a mature financial position with high self-sufficiency.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?