AbbVie Inc. (NYSE:ABBV)

The financial data over the reported periods reveals several noteworthy trends and shifts across the asset categories.

Cash and Cash Equivalents

There is a fluctuation in cash and equivalents, starting at 8,449 million US$ in 2020, increasing to a peak of 12,814 million US$ in 2023, followed by a sharp decline to 5,524 million US$ in 2024. This indicates a significant reduction in liquidity in the most recent year after a period of growth.

Short-term Investments

This category shows minor fluctuations without a clear trend, ranging between 2 million US$ and 84 million US$, with no substantial buildup or depletion over the years.

Accounts Receivable, Net

Accounts receivable exhibit a generally increasing trend from 8,822 million US$ in 2020 to a peak of 11,254 million US$ in 2022, followed by a slight decline in subsequent years, ending at 10,919 million US$ in 2024. This suggests robust but slightly tapering sales or credit extensions over time.

Inventories

Inventories have steadily increased from 3,310 million US$ in 2020 to 4,181 million US$ in 2024. This consistent growth might point to expanded production or stockpiling of goods.

Prepaid Expenses and Other Current Assets

After rising from 3,562 million US$ in 2020 to 4,993 million US$ in 2021, this category experienced a moderate decrease and then plateaued around 4,927 million US$ to 4,932 million US$ in 2023 and 2024. This stability suggests controlled management of prepaid items.

Current Assets

Overall current assets increased from 24,173 million US$ in 2020 to 33,002 million US$ in 2023, followed by a notable drop to 25,582 million US$ in 2024, mirroring the reduction in cash and equivalents which constitutes a significant portion of current assets.

Investments

Long-term investments have slightly declined, moving from 293 million US$ in 2020 to 279 million US$ in 2024, indicating a minor reduction or repositioning in long-term financial holdings.

Property and Equipment, Net

There is a mild downward trend from 5,248 million US$ in 2020 to 4,935 million US$ in 2022, after which it stabilized and slightly improved to 5,134 million US$ in 2024, indicating relatively consistent investment or depreciation in fixed assets.

Intangible Assets, Net

Intangible assets decreased significantly from 82,876 million US$ in 2020 to 55,610 million US$ in 2023, showing a major reduction likely due to amortization, impairment, or asset disposals. A partial recovery to 60,068 million US$ is observed in 2024.

Goodwill

Goodwill saw a gradual decrease from 33,124 million US$ in 2020 to 32,156 million US$ in 2022, followed by a marginal increase to 34,956 million US$ in 2024, suggesting possible acquisitions or revaluations offsetting previous impairments.

Other Assets

Other assets show a steady increase from 4,851 million US$ in 2020 to 9,142 million US$ in 2024, almost doubling over the period, indicative of growing miscellaneous asset categories or deferred costs.

Long-term Assets

Long-term assets declined consistently from 126,392 million US$ in 2020 to 101,709 million US$ in 2023 before rebounding to 109,579 million US$ in 2024. The overall downward trajectory reflects the significant drop in intangible assets, partially offset by increases in goodwill and other assets in the later years.

Total Assets

Total assets decreased from a peak of 150,565 million US$ in 2020 to 134,711 million US$ in 2023, then stabilized around 135,161 million US$ in 2024, indicating a contraction in asset base primarily driven by reductions in intangible assets and current assets in the later years.