Stock Analysis on Net
Stock Analysis on Net

Allergan Inc. (NYSE:AGN.)

This company has been moved to the archive! The financial data has not been updated since February 19, 2015.

Common-Size Balance Sheet: Assets 

Allergan Inc., common-size consolidated balance sheet: assets

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Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Cash and equivalents 39.56 28.81 29.43 28.28 23.97
Short-term investments 0.44 5.70 2.84 2.11 9.02
Trade receivables, net 7.37 8.35 8.33 8.59 7.79
Inventories 2.38 2.70 3.08 2.93 2.76
Prepaid expenses 1.76 1.49 1.63 1.17 0.78
Deferred taxes 2.77 2.63 2.71 3.59 3.34
Foreign currency derivative assets 0.60 0.19 0.00 0.00 0.00
Other 0.46 0.36 0.55 0.90 0.41
Other current assets 5.59% 4.66% 4.89% 5.66% 4.53%
Assets of discontinued operations 0.00 0.09 0.00 0.00 0.00
Current assets 55.34% 50.31% 48.57% 47.58% 48.07%
Deferred executive compensation investments 0.91 0.95 0.89 0.83 0.78
Capitalized software 0.30 0.35 0.52 0.68 0.91
Prepaid pensions 0.09 0.05 0.06 0.04 0.09
Prepaid royalties 0.00 0.00 0.00 0.06 0.10
Interest rate swap fair value 0.00 0.00 0.00 0.57 0.51
Debt issuance costs 0.07 0.10 0.09 0.11 0.12
Equity investments 0.38 0.20 0.10 0.11 0.09
Other 0.44 0.36 0.44 0.51 0.54
Investments and other assets 2.19% 2.02% 2.09% 2.90% 3.15%
Deferred tax assets 0.70 1.22 2.25 1.79 2.62
Property, plant and equipment, net 8.11 8.73 9.29 9.48 9.64
Goodwill 19.27 22.12 24.40 24.54 24.54
Intangibles, net 14.39 15.60 13.39 13.69 11.99
Non-current assets 44.66% 49.69% 51.43% 52.42% 51.93%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).

Cash and equivalents
The proportion of cash and equivalents relative to total assets increased steadily from 23.97% in 2010 to 39.56% in 2014, indicating a growing emphasis on liquidity over the period.
Short-term investments
The share of short-term investments in total assets exhibited volatility, declining significantly from 9.02% in 2010 to 2.11% in 2011, with a slight rebound in 2013 (5.7%), before falling sharply to 0.44% in 2014, suggesting shifting allocation strategies within current financial assets.
Trade receivables, net
This category remained relatively stable, fluctuating slightly around 7.37% to 8.59% of total assets, with a minor downward trend towards 2014, implying consistent credit policies and collections efficiency.
Inventories
The inventory proportion grew modestly from 2.76% in 2010 to 3.08% in 2012, then decreased to 2.38% by 2014, indicative of some operational or demand changes impacting stock levels.
Prepaid expenses
A gradual increase from 0.78% to 1.76% of total assets over the five-year span was observed, potentially reflecting changes in expense recognition timing or increased prepayments.
Deferred taxes
The percentage of deferred taxes fluctuated slightly within a narrow range, from 3.34% down to 2.63% between 2010 and 2013, ending with a slight rise to 2.77% in 2014, suggesting relative stability with minor year-to-year adjustments.
Foreign currency derivative assets
Absent in early years, this item appeared in 2013 at 0.19% and increased to 0.6% by 2014, indicating an increased use of currency hedging instruments.
Other current assets
Overall relatively stable with minor fluctuations; notable increases occurred in 2011 (5.66%) and 2014 (5.59%) compared to other years, reflecting some variability in miscellaneous short-term asset composition.
Current assets
The share of current assets rose gradually from 48.07% in 2010 to 55.34% in 2014, driven primarily by increased cash and equivalents and other current asset components, denoting a shift toward greater short-term asset holdings.
Capitalized software and related assets
Capitalized software as a percentage of total assets declined steadily from 0.91% in 2010 to 0.3% in 2014, indicating reduced capitalization or amortization exceeding additions during the period.
Investments and other assets
This category generally decreased from 3.15% in 2010 to approximately 2.19% in 2014, suggesting asset reallocation or disposals.
Deferred tax assets
A declining trend was noted for deferred tax assets, dropping from 2.62% in 2010 to 0.7% in 2014, which may reflect changes in tax positions or valuation allowances.
Property, plant and equipment, net
A gradual decrease was evident from 9.64% to 8.11%, pointing to asset disposals, depreciation outpacing capital expenditures, or shifts toward intangible assets.
Goodwill
Goodwill represented a significant portion of total assets, declining from 24.54% in 2010 to 19.27% by 2014, possibly due to impairments or divestitures.
Intangibles, net
The intangible assets proportion increased from 11.99% in 2010 to a peak of 15.6% in 2013 before falling to 14.39% in 2014, indicating continued investment or reevaluation of intangible asset values.
Non-current assets
There was a declining trend from 51.93% to 44.66% in total assets over the five years, reflecting a relative shift away from long-term assets in favor of current assets.