Stock Analysis on Net
AI Tokens
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

Microsoft Excel
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).

Between 2010 and 2014, the asset structure of the organization underwent a significant shift, characterized by an increase in liquidity and a relative decrease in non-current asset concentration. Current assets rose from 48.07% of total assets in 2010 to 55.34% by 2014, while non-current assets declined from 51.93% to 44.66% over the same period.

Liquidity and Cash Position
A substantial increase in cash and equivalents is observed, growing from 23.97% in 2010 to 39.56% in 2014. This upward trend is particularly pronounced between 2013 and 2014. Conversely, short-term investments showed significant volatility, peaking at 9.02% in 2010 before declining to 0.44% by 2014, suggesting a strategic preference for holding liquid cash over short-term marketable securities.
Working Capital Components
Trade receivables remained relatively stable, fluctuating within a narrow range between 7.37% and 8.59%. Inventories exhibited a slight downward trend, decreasing from 2.76% in 2010 to 2.38% in 2014, indicating a potential improvement in inventory turnover or a shift in operational scale. Prepaid expenses showed a gradual increase, rising from 0.78% to 1.76%.
Intangible Assets and Goodwill
Goodwill experienced a consistent decline, dropping from 24.54% in 2010 to 19.27% in 2014. In contrast, net intangibles grew from 11.99% to 14.39% during the same timeframe. This suggests a reallocation of the asset base or the effects of amortization of acquired intangible assets relative to the total asset pool.
Fixed and Other Non-Current Assets
Net property, plant, and equipment showed a steady decline from 9.64% in 2010 to 8.11% in 2014, indicating that capital expenditure did not keep pace with the growth of the total asset base. Additionally, deferred tax assets saw a significant reduction, falling from 2.62% to 0.70% over the five-year period.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?