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Celgene Corp. (NASDAQ:CELG)

This company has been moved to the archive! The financial data has not been updated since October 31, 2019.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Celgene Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
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 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Short-term borrowings and current portion of long-term debt 3.62 0.00 1.33 1.41 1.47 4.48 0.00 0.00 4.41 1.65 1.73 1.78 1.87 0.00 0.00 0.00 4.38 7.68 2.89 3.49 0.61 1.23 6.85
Accounts payable 1.02 0.83 0.90 1.18 0.85 0.88 0.93 1.01 0.83 0.90 0.83 0.88 0.88 0.87 0.85 0.89 0.69 1.15 1.17 1.14 1.20 1.18 1.18
Accrued expenses and other current liabilities 7.17 7.75 7.90 8.42 7.91 7.82 7.73 8.37 7.14 7.85 6.27 7.53 6.90 6.38 5.94 6.09 6.12 7.45 7.71 7.31 6.42 6.83 10.69
Income taxes payable 0.20 0.71 0.19 0.22 0.31 0.10 0.16 0.28 0.17 0.11 0.09 0.15 0.01 0.05 0.06 0.07 0.02 0.06 0.07 0.07 0.09 0.10 0.13
Current portion of deferred revenue 0.11 0.11 0.18 0.21 0.23 0.19 0.20 0.25 0.21 0.19 0.19 0.20 0.23 0.18 0.22 0.22 0.27 0.33 0.16 0.16 0.20 0.21 0.24
Current liabilities 12.11% 9.40% 10.51% 11.43% 10.76% 13.46% 9.01% 9.91% 12.76% 10.69% 9.12% 10.54% 9.90% 7.48% 7.06% 7.28% 11.49% 16.68% 12.00% 12.18% 8.52% 9.56% 19.09%
Deferred revenue, net of current portion 0.04 0.10 0.20 0.21 0.22 0.19 0.10 0.11 0.14 0.10 0.10 0.10 0.11 0.11 0.11 0.11 0.11 0.17 0.16 0.16 0.17 0.18 0.20
Income taxes payable 5.93 5.76 5.93 6.17 7.16 7.08 7.28 8.26 1.48 1.53 1.53 1.50 1.38 1.30 1.26 1.20 1.18 1.73 1.65 1.57 1.61 1.66 1.93
Deferred income tax liabilities 6.90 6.83 7.21 7.76 8.22 8.29 8.04 4.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other non-current tax liabilities 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7.94 8.31 8.74 8.97 9.42 9.48 9.70 9.31 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other non-current liabilities 1.58 1.75 1.90 1.34 1.74 1.66 1.94 1.80 6.08 6.02 6.16 6.31 6.48 6.86 7.36 7.55 15.34 10.55 11.44 12.32 13.46 14.29 10.23
Long-term debt, net of discount, excluding current portion 44.22 50.51 52.55 55.72 57.70 59.07 58.66 52.55 40.57 45.48 47.83 49.09 51.59 53.88 54.95 52.68 52.24 35.25 36.06 36.13 41.07 43.22 33.25
Non-current liabilities 58.67% 64.94% 67.80% 71.20% 75.03% 76.28% 76.02% 67.13% 56.20% 61.44% 64.35% 65.97% 68.98% 71.63% 73.39% 70.84% 68.87% 47.70% 49.30% 50.19% 56.31% 59.35% 45.61%
Total liabilities 70.78% 74.35% 78.31% 82.64% 85.80% 89.74% 85.03% 77.04% 68.96% 72.13% 73.48% 76.50% 78.88% 79.11% 80.45% 78.12% 80.36% 64.38% 61.30% 62.37% 64.83% 68.91% 64.70%
Preferred stock, $.01 par value per share; none outstanding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $.01 par value per share 0.02 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04 0.04 0.04 0.03 0.03 0.05 0.05 0.05 0.06 0.06 0.04
Common stock in treasury, at cost -63.67 -67.20 -69.87 -74.23 -76.91 -76.84 -66.40 -67.16 -54.33 -56.32 -57.45 -57.97 -60.29 -59.68 -59.43 -51.94 -49.74 -72.07 -67.52 -61.70 -61.52 -63.05 -73.35
Additional paid-in capital 38.86 40.20 40.86 42.22 43.13 41.37 40.74 45.80 42.87 43.47 44.24 44.07 44.78 43.92 43.79 41.10 39.56 59.15 58.27 56.67 57.55 58.75 70.11
Retained earnings 54.07 52.77 50.76 49.49 48.18 46.06 41.55 43.33 41.41 39.90 38.28 35.87 36.05 35.66 34.18 29.85 27.45 42.53 41.14 37.33 35.72 34.29 37.41
Accumulated other comprehensive income (loss) -0.07 -0.14 -0.09 -0.14 -0.23 -0.36 -0.95 0.95 1.06 0.78 1.42 1.49 0.54 0.94 0.97 2.84 2.34 5.96 6.76 5.28 3.37 1.05 1.10
Stockholders’ equity 29.22% 25.65% 21.69% 17.36% 14.20% 10.26% 14.97% 22.96% 31.04% 27.87% 26.52% 23.50% 21.12% 20.89% 19.55% 21.88% 19.64% 35.62% 38.70% 37.63% 35.17% 31.09% 35.30%
Total liabilities and stockholders’ equity 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: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-K (reporting date: 2016-12-31), 10-Q (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31).

The capital structure exhibits a significant period of increasing leverage that peaked in mid-2018, followed by a transition toward a more balanced equity-to-liability ratio by late 2019. The overall trend indicates a strategic shift in financing and capital allocation over the analyzed five-year period.

Liability Composition and Leverage
Total liabilities demonstrated a progressive increase from 64.70% in March 2014, reaching a peak of 89.74% in June 2018. This expansion was primarily driven by long-term debt, which rose from 33.25% to a high of 59.07% during the same interval. After the 2018 peak, a deleveraging trend is observed, with total liabilities receding to 70.78% by September 2019 and long-term debt decreasing to 44.22%.
Equity Dynamics and Capital Returns
Stockholders' equity moved inversely to total liabilities, hitting a low of 10.26% in June 2018 before recovering to 29.22% by September 2019. The equity profile is characterized by a substantial negative balance in treasury stock, which reached -76.91% in September 2018, reflecting an aggressive share repurchase program. Despite these buybacks, retained earnings showed consistent growth, increasing from 37.41% in March 2014 to 54.07% by September 2019, indicating sustained profitability.
Current and Non-Current Obligations
Current liabilities remained relatively volatile but generally ranged between 7% and 19% of the total balance sheet. Within non-current liabilities, a notable shift occurred in tax obligations; deferred income tax liabilities emerged in late 2017 and stabilized between 6% and 8% through 2019. Simultaneously, other non-current liabilities declined sharply from an initial range of 10% to 14% in 2014 down to 1.58% by September 2019.

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