Common-Size Balance Sheet: Assets
Quarterly Data
AbbVie Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 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).
The composition of assets for the analyzed entity demonstrates a notable shift over the observed period, spanning from March 31, 2021, to December 31, 2025. A significant portion of the asset base consistently resides in long-term assets, representing over 80% of the total throughout the period. Within long-term assets, intangible assets and goodwill constitute the largest components, collectively accounting for approximately 60-70% of total assets.
- Cash and Equivalents
- Cash and equivalents as a percentage of total assets exhibited volatility, ranging from a low of 3.80% in March 2025 to a high of 9.75% in September 2023. A general upward trend is observed from 2024 into 2025, though the levels remain below those seen in earlier periods like March 2021 (6.48%).
- Short-Term Investments
- Short-term investments represent a consistently small portion of total assets, generally below 1%. There was a brief increase in the first half of 2022, peaking at 1.03%, but it has since declined and remained minimal through the end of the analyzed period.
- Accounts Receivable
- Accounts receivable, net, demonstrated a consistent upward trend from 6.37% in March 2021 to 9.54% in September 2025. This suggests a potential increase in credit sales or a lengthening of the collection period. The increase is relatively steady, without significant fluctuations.
- Inventories
- Inventories as a percentage of total assets also showed an increasing trend, rising from 2.17% in March 2021 to 3.70% in December 2025. This increase could indicate a build-up of stock, potentially due to anticipated demand or production efficiencies. The growth appears to accelerate in 2024 and 2025.
- Prepaid Expenses and Other
- Prepaid expenses and other current assets experienced fluctuations, generally increasing from 2.61% in March 2021 to 4.68% in December 2025. There is a notable increase in the latter part of the period, suggesting a growing investment in prepaid items or other current assets.
- Current Assets
- Overall, current assets as a percentage of total assets increased from 17.65% in March 2021 to 21.69% in December 2025. This increase is primarily driven by the growth in accounts receivable, inventories, and prepaid expenses. The increase is not linear, with some quarterly declines, but the overall trend is upward.
- Property and Equipment
- Property and equipment, net, remained relatively stable as a percentage of total assets, fluctuating between 3.35% and 3.85% throughout the period. A slight upward trend is observed towards the end of the period.
- Intangible Assets
- Intangible assets experienced a gradual decline as a percentage of total assets, decreasing from 54.01% in March 2021 to 39.30% in December 2025. This suggests amortization or impairment of intangible assets, or a slower growth rate compared to other asset categories.
- Goodwill
- Goodwill followed a similar downward trend as intangible assets, decreasing from 21.49% in March 2021 to 26.60% in December 2025. This decline is consistent with the overall reduction in the proportion of long-term intangible assets.
- Other Assets
- Other assets demonstrated a consistent increase, rising from 3.18% in March 2021 to 8.00% in December 2025. This represents the most significant proportional increase among the asset categories analyzed, warranting further investigation into the composition of these "other" assets.
In summary, the asset composition shifted over the analyzed period, with a relative decrease in intangible assets and goodwill, and an increase in current assets and other assets. The increase in accounts receivable and inventories suggests potential changes in sales and operational strategies, while the growth in "other assets" requires further scrutiny.
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