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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Walgreens Boots Alliance Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-K (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-K (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-K (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-K (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-K (reporting date: 2015-08-31), 10-Q (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-28), 10-Q (reporting date: 2014-11-30), 10-K (reporting date: 2014-08-31), 10-Q (reporting date: 2014-05-31), 10-Q (reporting date: 2014-02-28), 10-Q (reporting date: 2013-11-30).
- Cash and cash equivalents
- The cash and cash equivalents show a volatile pattern over the analyzed quarters. Initial values increased from 969 million USD in Nov 2013 to a peak of 12,861 million USD by Nov 2014, followed by a sharp decline and fluctuations thereafter. In recent quarters, the cash balance stabilized around the range of 768 to 1,023 million USD, indicating a reduction in liquidity compared to earlier peaks.
- Accounts receivable, net
- Accounts receivable demonstrated a general upward trend from 2,727 million USD in Nov 2013, reaching a high of 7,828 million USD in Feb 2019 before a mild decline to around 6,982 million USD in May 2020. This suggests an increasing amount of credit sales or pending customer receipts over the period, with some recent stabilization.
- Inventories
- Inventory levels fluctuated with a moderate declining trend until mid-2014, followed by a considerable increase peaking at 10,976 million USD in Nov 2018. The inventory then showed a slight decrease to 9,563 million USD by May 2020, indicating variable stockholding practices possibly aligned with demand changes or supply chain adjustments.
- Other current assets
- Other current assets showed a general increasing trend from around 270 million USD in early 2014 to over 1,100 million USD in mid-2019, followed by a small dip but generally stable pattern. This indicates growth in miscellaneous current asset types contributing to working capital.
- Current assets
- Current assets increased significantly from 11,722 million USD in Nov 2013 to a peak of approximately 28,152 million USD in May 2017, closely mirroring cash and receivables growth in earlier periods, before declining to 18,326 million USD by May 2020. This substantial rise and fall denote significant changes in liquidity and short-term asset composition over time.
- Property, plant and equipment, net
- Net property, plant, and equipment steadily declined overall from 12,351 million USD in Nov 2013 to 13,071 million USD in May 2020, illustrating consistent depreciation or asset disposals with minor fluctuations, suggesting limited new investments or asset replacements during the period.
- Operating lease right-of-use assets
- Data for operating lease right-of-use assets appears only in the last three quarters, showing figures above 21,600 million USD, reflecting the adoption of new lease accounting standards and significant recognition of leased asset rights on the balance sheet.
- Alliance Boots call option
- This asset was recorded only in the early periods, with values around 856 to 924 million USD from 2013 to 2014 and then disappeared, indicating the disposal, expiry, or reclassification of this option asset.
- Goodwill
- Goodwill spiked dramatically from 2,491 million USD in Nov 2013 to over 17,000 million USD beginning in 2015, maintaining levels around 16,000 to 17,000 million USD before dropping to 14,948 million USD by May 2020. The initial rise corresponds to acquisitions or restructuring events, while the later decline suggests impairment charges or divestitures.
- Intangible assets, net
- Available from early 2015, net intangible assets showed a fluctuating decreasing pattern from approximately 12,225 million USD in Feb 2015 to around 10,183 million USD in May 2020, implying amortization or disposals over time.
- Equity method investments
- These investments dropped sharply from around 7,335 million USD in Nov 2014 to a low of 762 million USD in Feb 2015, then gradually increased to roughly 7,033 million USD by May 2020. This suggests a significant derecognition followed by stable or growing associate investment activity.
- Other non-current assets
- Other non-current assets peaked near 3,538 million USD in Nov 2014, declined sharply afterward, but gradually increased again to approximately 1,274 million USD by May 2020, indicating fluctuations in miscellaneous long-term asset holdings.
- Non-current assets
- Non-current assets increased dramatically from approximately 24,759 million USD in Nov 2013 to over 71,000 million USD in late 2019 and early 2020, followed by a slight decline to 68,118 million USD in May 2020. The significant jump aligns with goodwill and lease asset increases, indicating major acquisition or accounting changes.
- Total assets
- Total assets rose notably from about 36,481 million USD in Nov 2013 to a peak exceeding 90,000 million USD in early 2020, followed by a moderate decrease to 86,444 million USD by May 2020. This reflects a considerable expansion of the asset base driven by acquisitions, asset capitalization changes, and new accounting standards.