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Microsoft Excel LibreOffice Calc

Allergan PLC (AGN)

Analysis of Inventory

Advanced level

Accounting Policy on Inventory

Inventories consist of finished goods held for sale and distribution, raw materials and work in process. Inventory includes brand and aesthetic products which represent Food and Drug Administration (“FDA”) approved or likely to be approved indications. Inventory valuation reserves are established based on a number of factors/situations including, but not limited to, raw materials, work in process or finished goods not meeting product specifications, product obsolescence, or application of the lower of cost (first-in, first-out method) or net realizable value concepts. The determination of events requiring the establishment of inventory valuation reserves, together with the calculation of the amount of such reserves may require judgment. Assumptions utilized in Allergan’s quantification of inventory reserves include, but are not limited to, estimates of future product demand, consideration of current and future market conditions, product net selling price, anticipated product launch dates, competition and potential product obsolescence and other events relating to special circumstances surrounding certain products. No material adjustments have been required to Allergan’s inventory reserve estimates for the periods presented. Adverse changes in assumptions utilized in Allergan’s inventory reserve calculations could result in an increase to the inventory valuation reserves and higher cost of sales.

Source: 10-K (filing date: 2019-02-15).

Inventory Disclosure

Allergan PLC, balance sheet: inventory

US$ in thousands

Microsoft Excel LibreOffice Calc
Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Raw materials hidden hidden hidden hidden hidden
Work-in-process hidden hidden hidden hidden hidden
Finished goods hidden hidden hidden hidden hidden
Inventories, gross hidden hidden hidden hidden hidden
Inventory reserves hidden hidden hidden hidden hidden
Inventories hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-02-15), 10-K (filing date: 2018-02-16), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-26), 10-K (filing date: 2015-02-18).

Item Description The company
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Allergan PLC’s inventories increased from 2016 to 2017 but then slightly decreased from 2017 to 2018.