Stock Analysis on Net
AI Tokens
Stock Analysis on Net

DexCom Inc. (NASDAQ:DXCM)

This company has been moved to the archive! The financial data has not been updated since October 26, 2023.

Common-Size Balance Sheet: Assets
Quarterly Data

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

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 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
Cash and cash equivalents 9.76 17.52 11.30 11.91 14.25 14.10 14.16 21.64 30.24 25.73 16.72 19.06 17.57 15.05 23.88 18.63 18.10 34.33 65.10 59.34 32.97 29.80 46.88
Short-term marketable securities 39.37 35.79 35.24 33.64 34.16 38.71 39.00 34.51 26.25 31.66 43.25 44.05 50.36 56.19 37.82 45.39 47.32 32.35 3.69 12.97 27.04 30.36 12.66
Accounts receivable, net 11.91 11.00 11.54 13.23 11.51 10.75 10.77 10.57 11.08 10.74 10.10 9.99 9.65 8.42 12.28 11.95 10.75 10.52 10.37 11.83 15.24 16.08 13.82
Inventory 7.56 6.17 6.64 5.69 6.35 6.51 6.77 7.35 7.36 7.09 6.60 5.47 5.24 4.69 5.80 5.00 5.51 5.71 5.12 3.69 4.95 4.59 5.75
Prepaid and other current assets 2.63 2.86 3.58 3.57 3.09 2.94 3.40 1.68 1.63 1.92 1.81 1.26 1.63 1.77 1.74 1.25 1.40 1.52 1.37 0.86 1.83 2.15 2.22
Current assets 71.23% 73.35% 68.30% 68.05% 69.37% 73.00% 74.09% 75.75% 76.56% 77.14% 78.48% 79.82% 84.45% 86.12% 81.53% 82.23% 83.07% 84.43% 85.65% 88.70% 82.03% 82.98% 81.32%
Property and equipment, net 16.36 15.80 19.50 19.58 20.46 18.07 16.94 16.49 15.54 15.01 13.44 12.01 12.05 10.91 14.14 13.42 13.77 12.26 11.22 9.56 15.22 15.56 16.99
Operating lease right-of-use assets 1.11 1.12 1.41 1.48 1.49 1.49 1.63 1.81 1.91 2.10 2.25 2.17 2.46 2.03 3.01 2.99 1.58 1.73 1.40 0.00 0.00 0.00 0.00
Goodwill 0.38 0.38 0.47 0.48 0.50 0.49 0.53 0.54 0.50 0.42 0.43 0.45 0.50 0.53 0.76 0.78 0.84 0.91 0.94 0.98 1.65 1.18 1.37
Intangibles, net 2.19 2.26 2.97 3.21 0.50 0.54 0.62 0.65 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
Deferred tax assets 7.60 6.11 6.33 6.33 6.99 5.93 5.75 4.54 4.53 4.80 4.94 5.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other assets 1.13 0.98 1.03 0.87 0.69 0.48 0.45 0.22 0.96 0.52 0.46 0.50 0.55 0.40 0.56 0.59 0.73 0.68 0.79 0.77 1.09 0.28 0.31
Non-current assets 28.77% 26.65% 31.70% 31.95% 30.63% 27.00% 25.91% 24.25% 23.44% 22.86% 21.52% 20.18% 15.55% 13.88% 18.47% 17.77% 16.93% 15.57% 14.35% 11.30% 17.97% 17.02% 18.68%
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%

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 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).

The asset composition of the entity shows a gradual shift from a high concentration of liquid current assets toward an increased proportion of non-current assets over the observed period from early 2018 through late 2023. While current assets consistently comprise the majority of the balance sheet, their relative weight declined from a peak of 88.70% in December 2018 to 71.23% by September 2023.

Liquidity and Cash Management
A significant transition in liquidity strategy is evident. Cash and cash equivalents exhibited high volatility, peaking at 65.10% in March 2019 before trending downward to 9.76% by September 2023. Simultaneously, short-term marketable securities grew from 12.66% in March 2018 to a peak of 56.19% in June 2020, eventually stabilizing between 33% and 39% in the final quarters. This suggests a strategic reallocation of liquid funds from non-interest-bearing cash into yield-generating short-term instruments.
Working Capital Components
Accounts receivable, net, remained relatively stable, generally fluctuating between 8% and 16% of total assets, ending the period at 11.91%. Inventory levels also remained low and consistent, typically ranging between 4% and 7.5%, indicating a lean approach to inventory management relative to the total asset base.
Non-Current Asset Expansion
Non-current assets trended upward from 18.68% in March 2018 to 28.77% in September 2023. This growth was primarily driven by an increase in property and equipment, net, which reached a peak of 20.46% in September 2022. Additionally, deferred tax assets emerged as a significant component starting in early 2020, growing steadily from 5.04% to 7.60% by the end of the period.
Intangible Assets and Goodwill
Goodwill remained a minimal factor, steadily declining from 1.37% to 0.38%. However, intangible assets appeared in late 2021, peaking at 3.21% in December 2022 before settling at 2.19% in September 2023, indicating a late-period shift in the nature of the entity's long-term investments or acquisitions.

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?