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 
Quarterly Data

Allergan Inc., common-size consolidated balance sheet: assets (quarterly data)

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Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011 Dec 31, 2010 Sep 30, 2010 Jun 30, 2010 Mar 31, 2010
Cash and equivalents 39.56 33.58 29.02 26.26 28.81 26.48 25.67 23.77 29.43 29.79 27.31 26.39 28.28 27.03 23.56 30.23 23.97 30.48 28.50 26.08
Short-term investments 0.44 2.36 4.78 7.48 5.70 5.17 1.91 0.54 2.84 3.14 3.51 4.03 2.11 0.81 3.80 2.98 9.02 5.85 0.00 0.00
Trade receivables, net 7.37 8.31 9.60 9.24 8.35 8.95 9.48 9.60 8.33 9.79 10.01 9.85 8.59 8.69 9.44 8.02 7.79 6.87 7.72 7.32
Inventories 2.38 2.56 2.73 2.77 2.70 2.76 2.84 2.91 3.08 2.98 2.99 3.02 2.93 2.96 3.08 2.86 2.76 2.57 2.59 2.88
Other current assets 5.59 5.61 5.74 5.12 4.66 4.34 4.84 5.50 4.89 5.20 5.29 5.52 5.66 5.51 5.71 4.70 4.53 3.91 4.26 4.93
Assets of discontinued operations 0.00 0.00 0.01 0.05 0.09 0.92 1.59 1.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current assets 55.34% 52.41% 51.89% 50.92% 50.31% 48.62% 46.33% 43.99% 48.57% 50.90% 49.11% 48.81% 47.58% 45.00% 45.59% 48.79% 48.07% 49.69% 43.07% 41.22%
Investments and other assets 2.19 2.03 2.17 2.11 2.02 1.89 2.01 2.09 2.09 2.15 2.77 2.85 2.90 3.26 3.32 3.09 3.15 3.38 3.51 3.52
Deferred tax assets 0.70 0.51 1.11 1.13 1.22 1.18 0.92 0.81 2.25 2.11 1.84 1.72 1.79 1.85 3.16 2.90 2.62 1.84 0.22 0.09
Property, plant and equipment, net 8.11 8.63 8.90 8.79 8.73 8.64 8.95 9.23 9.29 9.23 9.36 9.29 9.48 9.67 10.09 9.42 9.64 9.11 10.09 10.43
Goodwill 19.27 20.73 21.30 21.82 22.12 23.01 24.05 25.01 24.40 23.49 24.11 24.15 24.54 25.58 26.03 24.43 24.54 23.93 25.64 26.33
Intangibles, net 14.39 15.68 14.64 15.23 15.60 16.65 17.75 18.87 13.39 12.11 12.81 13.18 13.69 14.65 11.81 11.37 11.99 12.05 17.47 18.42
Non-current assets 44.66% 47.59% 48.11% 49.08% 49.69% 51.38% 53.67% 56.01% 51.43% 49.10% 50.89% 51.19% 52.42% 55.00% 54.41% 51.21% 51.93% 50.31% 56.93% 58.78%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31), 10-K (reporting date: 2010-12-31), 10-Q (reporting date: 2010-09-30), 10-Q (reporting date: 2010-06-30), 10-Q (reporting date: 2010-03-31).

The analysis of financial data over the observed quarterly periods reveals several notable trends in the asset structure and composition.

Cash and equivalents
The proportion of cash and equivalents relative to total assets fluctuated between approximately 24% and 40%, with a clear upward trend toward the end of the period. The value increased significantly in the last two quarters, indicating a stronger liquidity position.
Short-term investments
This category exhibited considerable volatility, with percentages ranging from negligible amounts to peaks near 9%. After peaking around late 2010, the share of short-term investments generally declined, especially toward the final quarters, suggesting a shift away from short-term securities.
Trade receivables, net
The net trade receivables as a share of total assets remained relatively stable, fluctuating mostly between 7% and 10%. Slight decreases were notable toward the end of the timeline, which may reflect improved collections or changes in sales terms.
Inventories
Inventory levels as a percentage of total assets were fairly consistent, maintaining a narrow range around 2.3% to 3.1%. A mild declining trend at the conclusion of the period could indicate inventory optimization efforts.
Other current assets
Other current assets showed minor variability, generally oscillating between 4.2% and 5.7%. There was a slight increase in the later periods, potentially reflecting adjustments in prepaid expenses or other receivables.
Assets of discontinued operations
This component was negligible or absent until it appeared modestly in early 2013 and then declined sharply, approaching zero in subsequent quarters, indicating the wind-down or divestiture of discontinued operations.
Current assets
Current assets collectively accounted for roughly 41% to 55% of total assets, showing a gradual increasing trend with higher proportions noted in the final years. This shift suggests a strategic emphasis on liquidity and short-term asset management.
Investments and other assets
This category remained fairly stable but low, generally hovering just above 2%. A slight decline was observed mid-period but it stabilized thereafter.
Deferred tax assets
Deferred tax assets displayed fluctuations, initially rising sharply to nearly 3% in mid-2011 but declined thereafter, stabilizing around or below 1% in later periods. This volatility might relate to changes in tax planning or timing differences in asset recognition.
Property, plant and equipment, net
The net value of property, plant, and equipment as a percentage of total assets showed a slight downward trend, decreasing from above 10% in early periods to near 8% by the end, suggesting possible depreciation or asset sales exceeding new investments.
Goodwill
Goodwill as a component of total assets decreased steadily from over 26% to below 20%, indicating possible impairment charges, divestments, or changes in acquisition accounting impacting intangible asset valuation.
Intangibles, net
The net intangible assets exhibited some variability, with a notable spike in early 2013 reaching almost 19%, before declining again to around 14% subsequently. This could reflect revaluation or new acquisitions during that timeframe.
Non-current assets
Overall, non-current assets as a percentage of total assets declined from nearly 59% to under 45%, implying a strategic shift toward increasing current assets or a contraction in long-term investments and fixed assets.
Total assets
The total assets are consistently represented as 100% across periods, providing the base for all proportional analyses.

In summary, the data indicates a gradual transition towards a more liquid asset structure, with increasing holdings of cash and equivalents and current assets overall. Simultaneously, there is a reduction in goodwill and non-current assets, suggesting possible restructuring or refocusing of long-term investments. The stability of receivables and inventories supports steady operational management, while fluctuations in intangibles and deferred tax assets reflect episodic accounting adjustments or strategic decisions.

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