Stock Analysis on Net
Stock Analysis on Net

Allergan PLC (NYSE:AGN)

This company has been moved to the archive! The financial data has not been updated since May 7, 2020.

Common-Size Balance Sheet: Assets 

Allergan PLC, common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Cash and cash equivalents 2.64 0.86 1.54 1.34 0.81
Short-term investments 3.60 1.01 2.38 6.25 0.01
Teva shares 0.00 0.00 1.54 2.67 0.00
Marketable securities 3.60% 1.01% 3.91% 8.92% 0.01%
Accounts receivable, net 3.37 2.82 2.45 1.96 1.77
Inventories 1.20 0.83 0.76 0.56 0.74
Current assets held for sale 0.00 0.03 0.00 0.00 2.61
Prepaid taxes 0.46 0.40 0.58 0.74 0.18
Prepaid insurance 0.01 0.02 0.02 0.02 0.02
Contingent income 0.09 0.07 0.07 0.07 0.01
Sales and marketing 0.07 0.04 0.03 0.03 0.03
Other 0.30 0.28 0.25 0.20 0.18
Prepaid expenses and other current assets 0.94% 0.80% 0.95% 1.07% 0.41%
Current assets 11.75% 6.36% 9.61% 13.84% 6.34%
Property, plant and equipment, net 2.03 1.76 1.51 1.25 1.16
Right of use asset, operating leases 0.52 0.00 0.00 0.00 0.00
Deferred executive compensation investments 0.09 0.09 0.09 0.09 0.09
Equity method investments 0.01 0.01 0.01 0.01 0.01
Cost method investments 0.00 0.00 0.00 0.01 0.01
Other long-term investments 0.07 0.04 0.05 0.05 0.06
Taxes receivable 0.04 1.65 0.03 0.03 0.03
Contingent income 0.05 0.07 0.00 0.00 0.00
Other assets 0.16 0.08 0.04 0.03 0.23
Investments and other assets 0.43% 1.94% 0.23% 0.22% 0.43%
Non current assets held for sale 0.03 0.87 0.07 0.02 7.76
Deferred tax assets 0.61 1.05 0.27 0.18 0.04
Product rights and other intangibles 40.01 42.93 46.18 48.55 50.01
Goodwill 44.61 45.11 42.13 35.94 34.27
Non current assets 88.25% 93.64% 90.39% 86.16% 93.66%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).

Cash and cash equivalents
The proportion increased from 0.81% in 2015 to 2.64% in 2019, with a peak in 2019 after some fluctuations, indicating a growing liquidity position relative to total assets.
Short-term investments and Marketable securities
Both categories show a rise from minimal percentages in 2015 (0.01%) to higher levels by 2019 (3.6%), though with some volatility. Marketable securities reached a high of 8.92% in 2016 before declining, suggesting a reallocation of short-term investment assets over time.
Teva shares
Recorded only in 2016 and 2017 at 2.67% and 1.54%, respectively, then absent, indicating partial disposal or write-off of this asset during or after 2017.
Accounts receivable, net
There is a clear upward trend from 1.77% in 2015 to 3.37% in 2019, which implies an increasing share of total assets tied up in receivables, potentially reflecting growth in sales or extended credit terms.
Inventories
The proportion remains relatively low but gradually increases from 0.74% in 2015 to 1.2% in 2019, denoting a slight buildup in inventory levels relative to total assets.
Current assets held for sale
Reported in 2015 (2.61%) and a minimal presence in 2018 (0.03%), suggesting asset disposals or restructuring activities in those years.
Prepaid taxes and prepaid insurance
Prepaid taxes fluctuate moderately, peaking in 2016 (0.74%) before settling at 0.46% in 2019. Prepaid insurance remains consistently negligible around 0.01%-0.02%, reflecting minimal impact on total assets.
Contingent income
Remains low but slightly increases from 0.01% in 2015 to 0.09% in 2019, indicating minor but growing recognition of contingent asset possibilities.
Sales and marketing
Increasing slightly from 0.03% to 0.07%, showing marginal growth in asset allocation to sales and marketing efforts.
Other and Prepaid expenses and other current assets
Both categories show incremental rises, with prepaid expenses peaking in 2016 at 1.07% and remaining close to 0.94% in 2019, indicating steady investment in miscellaneous current assets.
Current assets overall
Current assets peak at 13.84% in 2016, drop sharply in 2018 to 6.36%, then rise again to 11.75% in 2019, suggesting variability in short-term liquidity and asset management.
Property, plant and equipment, net
There is a consistent upward trend from 1.16% in 2015 to 2.03% in 2019, reflecting incremental investments in fixed assets.
Right of use asset, operating leases
This new line appears in 2019 at 0.52%, likely due to new accounting standards capturing leased asset values.
Deferred executive compensation investments and Equity method investments
Both remain steady and minimal around 0.01%-0.09%, indicating stable but minor relative asset proportions.
Cost method investments
Reported only in 2015 and 2016 at 0.01%, then absent, possibly reflecting divestment or reclassification.
Other long-term investments
Remain relatively stable with a slight increase to 0.07% by 2019, indicating minor shifts in long-term investment holdings.
Taxes receivable
Show a notable spike to 1.65% in 2018 before returning to 0.04% in 2019, suggesting a temporary tax-related asset or refund due during 2018.
Other assets and Investments and other assets
These categories are generally low with some volatility, notably investments and other assets jumping to 1.94% in 2018 before falling back, indicating occasional reclassification or one-time assets.
Non current assets held for sale
Decline significantly from 7.76% in 2015 to negligible values thereafter, signifying that major asset disposals or planned disposals were largely completed after 2015.
Deferred tax assets
Grow from 0.04% in 2015 to a peak of 1.05% in 2018 before declining to 0.61% in 2019, reflecting changes in deferred tax recognition possibly linked to profitability or tax planning.
Product rights and other intangibles
Consistently declining as a percentage of total assets from 50.01% in 2015 to 40.01% in 2019, indicating amortization or impairment of intangible assets over time.
Goodwill
Rises from 34.27% in 2015 to 45.11% in 2018, with a slight decrease to 44.61% in 2019, suggesting acquisitions contributing to goodwill and stability afterward.
Non current assets overall
Remain the largest component, fluctuating between 86.16% and 93.64%, indicating that the company’s asset base is predominantly long-term in nature but with some yearly variation due to disposals and reclassifications.
Total assets
Sum to 100% in each year, confirming that the data corresponds to the complete asset portfolio and allowing for consistent comparison of relative proportions.