Common-Size Balance Sheet: Assets
Quarterly Data
AbbVie Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-Q (reporting date: 2025-06-30), 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
- Cash and equivalents as a percentage of total assets exhibit notable fluctuations over the periods analyzed, starting high at 45.11% in March 2020, followed by a sharp decline to around 4-6% for most subsequent quarters. There is a moderate increase peaking at 12.14% by March 2024, but a general decreasing trend resumes, reaching around 3.8%-4.7% by mid-2025.
- Short-term investments
- Short-term investments remain very low as a percentage of total assets, often near zero. An outlier period around early 2022 shows a jump to roughly 1%, but this appears temporary with values returning to negligible levels thereafter.
- Accounts receivable, net
- The ratio of accounts receivable relative to total assets shows a gradual upward trend overall. Starting at 6.98% in early 2020, it generally increases, reaching above 9% by mid to late 2025, indicating a growing amount of receivables in proportion to assets.
- Inventories
- Inventories as a percentage of total assets show some variability but tend to rise gradually over time, moving from just above 2% in early 2020 to exceeding 3% by the end of 2024 and into 2025. This suggests increasing inventory holdings relative to total assets.
- Prepaid expenses and other current assets
- This category shows a steady increase from 2.64% early in 2020 to around 3.5-4% in the latest periods analyzed, suggesting a larger share of current assets tied up in prepaid expenses and related items.
- Current assets
- Current assets as a percentage of total assets vary considerably over the periods, initially dropping from 56.75% in March 2020 to about 14-16% in mid to late 2020, then gradually climbing back to mid-20% territory by 2024 before slightly declining again in 2025. The movements may reflect changes in liquidity management or asset structure.
- Investments
- Investments maintain a relatively stable and low proportion of total assets, fluctuating close to 0.15% to 0.23%, indicating a consistent but minor allocation to longer-term investments.
- Property and equipment, net
- This asset category remains relatively stable as a percentage of total assets, hovering around 3.25% to 3.85% throughout the timeframe, signaling steady investment and retention in physical plant and equipment.
- Intangible assets, net
- Intangible assets constitute a significant portion of total assets, initially increasing sharply from about 20% in early 2020 to a peak near 55% in late 2020, followed by a gradual decline to around 41-46% in later periods. The initial surge likely reflects acquisitions or revaluations, with subsequent amortization or impairment lowering the ratio.
- Goodwill
- Goodwill as a percentage of assets rises from 17% in early 2020 to around 23-26% by 2025, showing a consistent upward trend that aligns with potential acquisition activities or reassessments of acquired intangible values.
- Other assets
- Other assets gradually increase in relative size from under 3% in 2020 to approximately 7% by 2025. This growth might represent expanding miscellaneous or less liquid asset categories.
- Long-term assets
- Long-term assets dominate the asset base, increasing from about 43% early in 2020 to upwards of 80% in recent years. Following an initial surge in 2020, the proportion stabilizes around 75-80%, highlighting a strategic emphasis on longer-term holdings in the asset structure.