Common-Size Balance Sheet: Assets
Quarterly Data
AbbVie Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 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).
- Cash and equivalents
- The proportion of cash and equivalents relative to total assets exhibited significant volatility throughout the periods. Initially high at 45.11% in March 2020, it sharply declined to a low single-digit percentage in the subsequent quarters, fluctuating mostly between 4% and 12%. The latest periods show a tapering trend, with the figure declining steadily from 12.14% in March 2024 to 3.8% in March 2025.
- Short-term investments
- Short-term investments as a percentage of total assets remained minimal, generally below 0.1%, except a brief spike near 1% in early 2022. The data suggests limited reliance on short-term investments as a component of the asset base, mostly trending towards negligible values near zero in recent quarters.
- Accounts receivable, net
- Accounts receivable as a share of total assets displayed a gradual upward trend over the analyzed timeframe. Starting at approximately 7% in early 2020, it increased to surpass 9% by the latest quarter, indicating a growing amount of sales or services rendered on credit relative to the total asset base.
- Inventories
- The inventory proportion showed minor fluctuations between 2% and a peak of 3.32%, with a noticeable upward movement in recent quarters, indicating a gradual build-up of inventory levels relative to total assets.
- Prepaid expenses and other current assets
- This category generally trended upwards from around 2.6% in March 2020 to just over 4% by March 2025. The pattern suggests a steady increase in prepaid expenses and other current assets as a portion of total assets, reflecting either timing differences in expenses or strategic asset management changes.
- Current assets
- The proportion of current assets relative to total assets initially dropped drastically from approximately 57% in March 2020 to around 14-16% in mid-2020, followed by a gradual increase to above 26% in mid-2024 before settling around 20% at the end of the period. This indicates fluctuations in liquidity and shifts in asset composition, with a general move toward a higher current assets base in later years.
- Investments
- Investments maintained a stable and very small percentage of total assets, mostly fluctuating between 0.1% and 0.23%, showing limited variation and consistent minimal reliance on long-term investments as an asset class.
- Property and equipment, net
- The ratio of property and equipment to total assets was relatively stable, fluctuating slightly between 3.25% and 3.85%. The lack of strong variation suggests steady capital investment and maintenance of fixed assets over time.
- Intangible assets, net
- Intangible assets as a percentage of total assets showed a significant decrease from an initial high of 55.04% in late 2020 to around 43-46% in recent periods. This declining trend could reflect amortization, impairment, or revaluation effects reducing intangible asset balances over time relative to total assets.
- Goodwill
- Goodwill composition first escalated from about 17% to over 28% by mid-2020, then stabilized around 22%-26% in subsequent years, showing a moderately increasing trend in the latter periods. This suggests acquisitions or reclassifications impacting goodwill levels, with a general increase in this asset subclass in recent quarters.
- Other assets
- There was a consistent upward trend in other assets relative to total assets, rising from approximately 2.9% in early 2020 to around 6.7% by March 2025. This growth indicates expanding residual or miscellaneous asset categories contributing a higher share to the total asset base over time.
- Long-term assets
- Long-term assets as a percentage of total assets remained predominant throughout the period but demonstrated a continuous mild decline from roughly 86% in mid-2020 to lower seventies in mid-2024 before rising again toward 80% near year-end 2024. This pattern suggests shifts between long-term and current assets, possibly reflective of asset reallocation or changing business strategies.