Stock Analysis on Net

AbbVie Inc. (NYSE:ABBV)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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AbbVie Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Cash and equivalents
Accounts receivable, net
Inventories
Prepaid expenses and other
Current assets
Investments
Property and equipment, net
Intangible assets, net
Goodwill
Other assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2026-03-31), 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 asset composition of the balance sheet exhibits a long-term structural shift, characterized by a gradual decrease in the proportion of long-term assets and a corresponding increase in current assets. Total current assets rose from 17.65% in March 2021 to 24.57% by March 2026, reflecting an increase in short-term liquidity and working capital requirements over the analyzed period.

Liquidity and Working Capital Trends
Cash and equivalents displayed significant volatility, peaking at 12.14% in December 2023 before declining to a low of 3.80% in March 2025, and subsequently recovering to 6.88% by March 2026. Accounts receivable showed a consistent upward trajectory, increasing from 6.37% to 9.14%, suggesting a growing proportion of credit sales or a shift in collection cycles. Inventories also trended upward, moving from 2.17% to 3.70%, indicating a larger allocation of resources toward stock holdings.
Intangible Assets and Goodwill
A pronounced downward trend is observed in net intangible assets, which plummeted from 54.01% in March 2021 to 37.28% in March 2026. This represents the most significant change in the balance sheet structure, likely driven by the amortization of acquired intangible assets. Conversely, goodwill increased its relative weight from 21.49% to 26.07%, indicating that while specific identifiable intangibles are being written down, the overarching value attributed to acquisitions remains a larger component of the total asset base.
Other Long-Term Assets
Other assets grew steadily from 3.18% in March 2021 to 7.72% in March 2026, contributing to the diversification of the long-term asset portfolio. Property and equipment remained relatively stable, fluctuating within a narrow band between 3.35% and 4.20%, suggesting that capital expenditures have scaled proportionally with the overall growth of the asset base.

Overall, the balance sheet has evolved from being heavily dominated by net intangible assets toward a more distributed asset profile. The reduction in long-term assets from 82.35% to 75.43% underscores a transition toward higher current asset utilization and a shift in the valuation of non-physical assets.