Name: DexCom Inc. (NASDAQ:DXCM) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

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.

Assets: Selected Items

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Current Assets: Selected Items

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DexCom Inc., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash and cash equivalents	642,300)	1,052,600)	817,600)	446,200)	1,137,000)
Short-term marketable securities	1,813,900)	1,678,600)	1,890,100)	1,087,100)	248,600)
Accounts receivable, net	713,300)	514,300)	428,500)	286,300)	226,700)
Inventory	306,700)	357,300)	234,700)	119,800)	70,700)
Prepaid expenses	48,900)	39,800)	—)	—)	—)
Prepaid inventory	67,800)	12,100)	—)	—)	—)
Income tax receivables	38,900)	2,300)	—)	—)	—)
Other current assets	37,000)	27,400)	53,900)	30,000)	16,500)
Prepaid and other current assets	192,600)	81,600)	53,900)	30,000)	16,500)
Current assets	3,668,800)	3,684,400)	3,424,800)	1,969,400)	1,699,500)
Property and equipment, net	1,055,600)	801,800)	515,300)	321,300)	183,100)
Operating lease right-of-use assets	80,000)	88,100)	93,300)	71,500)	—)
Goodwill	25,700)	26,500)	19,300)	18,600)	18,700)
Intangibles, net	173,300)	31,500)	—)	—)	—)
Deferred tax assets	341,200)	220,800)	216,400)	—)	—)
Other assets	47,100)	10,500)	21,400)	14,200)	14,700)
Non-current assets	1,722,900)	1,179,200)	865,700)	425,600)	216,500)
Total assets	5,391,700)	4,863,600)	4,290,500)	2,395,000)	1,916,000)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Total assets demonstrated a strong growth trajectory, expanding from US$ 1.92 billion in 2018 to US$ 5.39 billion by the end of 2022. This growth was supported by simultaneous increases in both current and non-current asset categories.

Liquidity Position: A transition in the liquidity profile is observed, with a shift toward higher-yielding instruments. While cash and cash equivalents fluctuated, ending at US$ 642.3 million in 2022, short-term marketable securities grew substantially from US$ 248.6 million in 2018 to US$ 1.81 billion in 2022. Consequently, the overall liquid asset base remained robust throughout the five-year period.
Operational Assets: Accounts receivable, net, showed a consistent upward trend, rising from US$ 226.7 million in 2018 to US$ 713.3 million in 2022, which suggests an expansion in sales volume. Inventory levels also increased significantly from US$ 70.7 million in 2018 to a peak of US$ 357.3 million in 2021, before moderating to US$ 306.7 million in 2022.
Capital Expenditure and Infrastructure: Non-current assets exhibited the most aggressive growth rate, increasing from US$ 216.5 million in 2018 to US$ 1.72 billion in 2022. This was primarily driven by property and equipment, net, which rose from US$ 183.1 million to US$ 1.06 billion, reflecting substantial investments in physical infrastructure and production capacity.
Other Non-Current Assets: Deferred tax assets increased from zero in 2018 to US$ 341.2 million by 2022. Additionally, a notable surge in net intangibles occurred between 2021 and 2022, increasing from US$ 31.5 million to US$ 173.3 million, indicating potential acquisitions or the capitalization of development costs during that interval.

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