Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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

US$ in thousands

		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
	Short-term marketable securities
	Accounts receivable, net
	Inventories, net
	Prepaid expenses and other current assets
	Current assets
	Long-term marketable securities
	Property and equipment, net
	Goodwill
	Other intangibles, net
	Deferred tax assets
	Other assets
	Long-term assets
	Total assets

Cash and Cash Equivalents: The cash and cash equivalents balance demonstrated volatility with several periods of sharp increases and decreases. Starting from approximately 38 million, it rose significantly to over 192 million by mid-2020, before experiencing fluctuations, including a notable decline toward the end of the period observed.
Short-Term Marketable Securities: Short-term marketable securities showed a general upward trend from 185 million to over 663 million by late 2022. There were some periods of decline, notably in early 2019 and mid-2020, but these were transient as the overall trajectory was positive, reflecting robust investment in liquid securities.
Accounts Receivable, Net: This account exhibited steady growth over time, increasing from about 41 million to nearly 95 million by the end of the dataset. Some fluctuations occurred, particularly in mid-2020 and mid-2021, but the trend indicates rising receivables consistent with expanding revenues or sales.
Inventories, Net: Inventories showed a consistent upward progression, rising from roughly 29 million to over 102 million. This gradual increase suggests expanded inventory holdings, possibly aligned with business growth or anticipation of increased sales demand.
Prepaid Expenses and Other Current Assets: This category displayed variability with periods of increase and decrease, peaking towards the later quarters at around 45 million. The fluctuations suggest changes in prepayments or other current asset compositions over time, likely influenced by business activity cycles or operational adjustments.
Current Assets: Total current assets grew significantly from approximately 300 million to over 1 billion. The growth reflects the increases in cash, marketable securities, accounts receivable, and inventories, indicating stronger liquidity and operational scale.
Long-Term Marketable Securities: The balance of long-term marketable securities increased from negligible levels to a peak exceeding 300 million around late 2020, followed by a decline towards under 120 million by late 2022. This suggests active portfolio management and shifting investment allocations.
Property and Equipment, Net: Property and equipment increased steadily over the period from about 26 million to nearly 200 million. This upward trend points to continuous capital investment in tangible assets, possibly reflecting expansion or modernization efforts.
Goodwill: Goodwill remained relatively stable until early 2020, around 30 to 34 million, after which it nearly doubled to approximately 79 million. This substantial increase may indicate significant acquisitions or revaluation in that period, with a slight decline observed afterward.
Other Intangibles, Net: This line item showed minor fluctuations around 15 million initially, then surged sharply to over 43 million in 2020, followed by a gradual decline to approximately 37 million. Such changes could signal new intangible asset recognition or amortization effects post-acquisition.
Deferred Tax Assets: Deferred tax assets initially decreased from about 51 million to a low around 21 million in late 2020, before a modest rise to nearly 19 million towards the end. These movements suggest adjustments in tax positions or valuation allowances reflective of changing profitability or tax strategy.
Other Assets: Other assets experienced a marked increase throughout the period, rising from approximately 4 million to over 193 million. This significant growth suggests accumulation of diverse asset types beyond core categories, potentially including investments, security deposits, or other noncurrent assets.
Long-Term Assets: Long-term assets expanded from about 129 million to a peak nearing 735 million before moderating to approximately 634 million. This upward trend demonstrates sustained investment in noncurrent asset categories, although the late decline may indicate disposals or reclassification.
Total Assets: The total assets increased substantially from around 429 million to nearly 1.7 billion over the examined periods, highlighting considerable company growth. The asset base expansion is driven primarily by increases in current assets, long-term investments, and fixed assets, underscoring overall operational and financial scaling.

Assets: Selected Items

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Current Assets: Selected Items