Common-Size Balance Sheet: Assets
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- Balance Sheet: Assets
- Balance Sheet: Liabilities and Stockholders’ Equity
- Cash Flow Statement
- Common-Size Income Statement
- Enterprise Value to EBITDA (EV/EBITDA)
- Operating Profit Margin since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Revenues
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Walgreens Boots Alliance Inc., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-31), 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31).
- Cash and cash equivalents
- The proportion of cash and cash equivalents relative to total assets demonstrated significant volatility over the analyzed years. It initially declined sharply from 7.12% in 2014 to 4.36% in 2015, then rose markedly to a peak of 13.49% in 2016. Subsequently, this ratio dropped considerably to 5% in 2017 and further decreased to below 2%, stabilizing around 1.15% and 1.51% in 2018 and 2019 respectively. This pattern indicates fluctuations in liquidity management or changes in cash reserves.
- Accounts receivable, net
- This metric remained relatively stable, fluctuating moderately between 8.61% and 10.69% of total assets over the period. After a slight increase from 8.65% in 2014 to 9.96% in 2015, it experienced minor oscillations, reaching 10.69% in 2019. This suggests consistent performance in credit sales and collections relative to asset size.
- Inventories
- The inventory as a percentage of total assets declined noticeably from 16.34% in 2014 to around 12.32%-13.81% in subsequent years. After the initial drop by 2015, inventory percentages remained relatively stable with minor upward adjustments, suggesting a possible optimization in inventory management or a shift in asset structure.
- Other current assets
- This category showed a general increasing trend from 0.81% in 2014 to 1.65% in 2019, with some fluctuations. The increase may reflect a gradual rise in short-term receivables or other liquid assets within current asset composition.
- Current assets
- Current assets as a whole showed variability, starting at 32.92% in 2014, declining to a low of 26.2% in 2018, before a slight recovery to 27.66% in 2019. This decline contrasts with some increases in specific current asset components, indicating possible reallocation or fluctuations within short-term asset categories.
- Property, plant and equipment, net
- This asset class experienced a significant decrease from 32.96% of total assets in 2014 to about 19.94% in 2019, suggesting possible divestitures, depreciation, or changes in capital expenditure strategies impacting fixed assets.
- Goodwill
- Goodwill increased sharply from 6.34% in 2014 to a peak of 24.83% in 2018, maintaining a similar level (24.5%) in 2019. This indicates substantial acquisitions or business combinations increasing the intangible asset base associated with goodwill.
- Intangible assets, net
- Intangible assets exhibited a comparable upward trend, growing from 3.17% in 2014 to 16.09%-17.3% in the later years. Such growth aligns with the goodwill trend, reflecting increased investments in non-physical assets such as patents, trademarks, or similar elements.
- Equity method investments
- There was a sharp drop from 19.49% in 2014 to 1.81% in 2015, followed by a gradual recovery to around 10.13% by 2019. This pattern indicates significant changes in investments accounted for under the equity method, possibly due to divestitures and subsequent acquisitions or strategic repositioning.
- Other non-current assets
- This category showed variability but an overall increase from 0.64% in 2016 to 1.68% in 2019, after an initial higher level in 2014-2015. This suggests some fluctuations in less liquid long-term assets or deferred charges.
- Non-current assets
- Non-current assets as a proportion of total assets increased from 67.08% in 2014 to a peak of 73.8% in 2018, followed by a slight decrease to 72.34% in 2019. This reflects an increasing emphasis on long-term asset holdings relative to current assets during the period.
- Total assets
- By definition, total assets remained constant at 100% across all dates, serving as the denominator for all asset composition ratios.