Abbott Laboratories (ABT)

Statement of Financial Position, Assets
Quarterly Data

Difficulty: Beginner

The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's 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.

Abbott Laboratories, Consolidated Statement of Financial Position, Assets (quarterly data)

USD $ in millions

		Sep 30, 2018		Jun 30, 2018		Mar 31, 2018		Dec 31, 2017		Sep 30, 2017		Jun 30, 2017		Mar 31, 2017		Dec 31, 2016		Sep 30, 2016		Jun 30, 2016		Mar 31, 2016		Dec 31, 2015		Sep 30, 2015		Jun 30, 2015		Mar 31, 2015		Dec 31, 2014		Sep 30, 2014		Jun 30, 2014		Mar 31, 2014		Dec 31, 2013		Sep 30, 2013		Jun 30, 2013		Mar 31, 2013
	Cash and cash equivalents
	Short-term investments
	Trade receivables, less allowances
	Finished products
	Work in process
	Materials
	Inventories
	Prepaid expenses and other receivables
	Current assets held for disposition
	Current assets
	Investments
	Property and equipment, at cost
	Accumulated depreciation and amortization
	Net property and equipment
	Intangible assets, net of amortization
	Goodwill
	Deferred income taxes and other assets
	Non-current assets held for disposition
	Non-current assets
	Total assets

Assets, Selected Items

Item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Abbott Laboratories's current assets declined from Q1 2018 to Q2 2018 but then increased from Q2 2018 to Q3 2018 exceeding Q1 2018 level.
Net property and equipment	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	Abbott Laboratories's net property and equipment declined from Q1 2018 to Q2 2018 but then slightly increased from Q2 2018 to Q3 2018.
Non-current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	Abbott Laboratories's non-current assets declined from Q1 2018 to Q2 2018 and from Q2 2018 to Q3 2018.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	Abbott Laboratories's total assets declined from Q1 2018 to Q2 2018 but then increased from Q2 2018 to Q3 2018 exceeding Q1 2018 level.

Current Assets

Item	Description	The company
Cash and cash equivalents	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	Abbott Laboratories's cash and cash equivalents declined from Q1 2018 to Q2 2018 but then increased from Q2 2018 to Q3 2018 exceeding Q1 2018 level.
Short-term investments	Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.	Abbott Laboratories's short-term investments increased from Q1 2018 to Q2 2018 but then declined significantly from Q2 2018 to Q3 2018.
Trade receivables, less allowances	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	Abbott Laboratories's trade receivables, less allowances declined from Q1 2018 to Q2 2018 but then slightly increased from Q2 2018 to Q3 2018.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Abbott Laboratories's inventories declined from Q1 2018 to Q2 2018 but then increased from Q2 2018 to Q3 2018 not reaching Q1 2018 level.

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Analysis
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Abbott Laboratories (ABT)

Statement of Financial Position, AssetsQuarterly Data

Assets, Selected Items

Current Assets

Statement of Financial Position, Assets
Quarterly Data