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.

Balance Sheet: Assets 

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

Allergan Inc., consolidated balance sheet: assets

US$ in thousands

Microsoft Excel
Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Cash and equivalents 4,911,400 3,046,100 2,701,800 2,406,100 1,991,200
Short-term investments 55,000 603,000 260,600 179,900 749,100
Trade receivables, net 914,500 883,300 764,200 730,600 647,300
Inventories 296,000 285,300 282,900 249,700 229,400
Prepaid expenses 218,400 157,100 149,900 99,800 64,700
Deferred taxes 343,500 277,900 249,100 305,600 277,700
Foreign currency derivative assets 75,100 20,400
Other 57,300 37,600 50,300 76,600 34,300
Other current assets 694,300 493,000 449,300 482,000 376,700
Assets of discontinued operations 9,000
Current assets 6,871,200 5,319,700 4,458,800 4,048,300 3,993,700
Deferred executive compensation investments 112,900 100,700 81,700 70,900 64,900
Capitalized software 37,000 36,800 47,300 57,800 75,300
Prepaid pensions 11,100 5,600 5,700 3,500 7,500
Prepaid royalties 4,900 8,500
Interest rate swap fair value 48,100 42,300
Debt issuance costs 8,600 10,800 8,000 9,500 10,000
Equity investments 47,200 20,800 9,000 9,000 7,700
Other 55,100 38,500 40,400 43,400 45,200
Investments and other assets 271,900 213,200 192,100 247,100 261,400
Deferred tax assets 86,900 128,800 206,900 152,600 217,800
Property, plant and equipment, net 1,006,300 923,200 852,900 807,000 800,600
Goodwill 2,392,900 2,339,400 2,239,500 2,088,400 2,038,600
Intangibles, net 1,786,500 1,650,000 1,229,100 1,165,200 996,000
Non-current assets 5,544,500 5,254,600 4,720,500 4,460,300 4,314,400
Total assets 12,415,700 10,574,300 9,179,300 8,508,600 8,308,100

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).


The financial data exhibits several notable trends over the five-year period ending December 31, 2014.

Liquidity and Current Assets
There is a marked increase in cash and equivalents, growing from approximately 1.99 billion USD in 2010 to over 4.91 billion USD in 2014, indicating a significant strengthening in liquidity. Short-term investments, however, peaked in 2013 at about 603 million USD before decreasing sharply to 55 million USD in 2014. Trade receivables showed a steady increase, suggesting growing sales or credit extended to customers. Inventories also rose moderately, which could indicate stockpiling or anticipation of higher sales. Prepaid expenses increased consistently, more than tripling over the period, possibly reflecting advance payments for services or goods. Overall, current assets climbed substantially, from roughly 3.99 billion USD to nearly 6.87 billion USD, underscoring enhanced short-term financial strength.
Non-Current Assets
Property, plant, and equipment showed steady growth, rising from approximately 801 million USD to over 1 billion USD, which may indicate ongoing capital expenditures. Goodwill increased from 2.04 billion USD to 2.39 billion USD, reflecting acquisitions or asset revaluations. Intangibles grew substantially, particularly in 2013 and 2014, implying significant investments in intangibles such as patents or trademarks. Total non-current assets expanded from about 4.31 billion USD to 5.54 billion USD, signaling overall asset growth on the longer-term side.
Investments and Other Assets
Equity investments rose considerably, especially by 2014, reaching 47.2 million USD, more than a sixfold increase from 2010. Deferred executive compensation investments showed steady, moderate growth, possibly indicating rising liabilities or asset adjustments relating to executive remuneration. Deferred tax assets fluctuated, peaking in 2012 but declining sharply thereafter, which might suggest changes in tax planning or assets recoverability assessments.
Liabilities and Other Considerations
While specific liabilities are not detailed here, the increase in deferred taxes and the presence of debt issuance costs suggest ongoing debt-related activity. Debt issuance costs varied over the years but did not show a clear trend. The growing magnitude of prepaid pensions could imply either additional funding or changes in pension obligations.
Overall Asset Growth
Total assets increased notably, from approximately 8.31 billion USD in 2010 to over 12.42 billion USD in 2014, reflecting overall expansion and possible acquisitions or capital investments. This growth was supported by both current and non-current assets, with current assets experiencing a particularly strong rise.

Assets: Selected Items


Current Assets: Selected Items