Stock Analysis on Net

AbbVie Inc. (NYSE:ABBV)

$24.99

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

US$ in millions

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 total asset base of the organization exhibited a general downward trajectory from March 2021 through March 2026, decreasing from 150,501 million USD to 136,463 million USD. This decline is characterized by significant fluctuations, including a notable peak in March 2024 at 148,874 million USD, followed by a period of stabilization between 133,000 million USD and 137,000 million USD throughout 2025 and early 2026.

Liquidity and Working Capital Trends
Current assets demonstrated high volatility, ranging from a low of 25,582 million USD in December 2024 to a peak of 38,871 million USD in March 2024. This variance was primarily driven by cash and equivalents, which experienced sharp swings, dropping from a high of 18,067 million USD in March 2024 to lows near 5,100 million USD in late 2024 and early 2025, before recovering to 9,391 million USD by March 2026.
Accounts receivable showed a consistent long-term upward trend, increasing from 9,588 million USD in March 2021 to 12,479 million USD by March 2026. Similarly, inventories grew steadily from 3,272 million USD to 5,049 million USD over the same period, suggesting an expansion in operational scale or a strategic increase in stock levels.
Prepaid expenses and other current assets also trended upward, rising from 3,954 million USD in March 2021 to 6,610 million USD in March 2026, contributing to the overall growth in working capital requirements.
Long-term Asset Structure
The most significant contraction occurred within net intangible assets, which fell from 81,293 million USD in March 2021 to 50,873 million USD in March 2026. This steady decline suggests substantial amortization of acquired intangible assets over the five-year period.
In contrast, goodwill remained relatively stable with a slight overall increase, moving from 32,349 million USD in March 2021 to 35,570 million USD in March 2026, indicating the addition of new acquisitions that offset any potential impairment.
Net property and equipment experienced modest growth, increasing from 5,193 million USD to 5,687 million USD, reflecting a gradual investment in physical infrastructure.
Other assets showed a marked increase, rising from 4,792 million USD in March 2021 to 10,536 million USD in March 2026, effectively doubling in value and partially offsetting the decline in intangible assets.

The overall asset profile reveals a structural shift. The organization has transitioned from a balance sheet heavily dominated by intangible assets toward one with a larger proportion of tangible operational assets, such as inventories and property, and a significant increase in other long-term assets. While total assets have decreased, the growth in receivables and inventories suggests an expansion in the underlying operational footprint despite the accounting-driven reduction in intangible valuations.


Assets: Selected Items


Current Assets: Selected Items