Stock Analysis on Net

AmerisourceBergen Corp. (NYSE:ABC)

$22.49

This company has been moved to the archive! The financial data has not been updated since August 2, 2023.

Common-Size Balance Sheet: Assets
Quarterly Data

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AmerisourceBergen Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016
Cash and cash equivalents
Accounts receivable, less allowances for returns and credit losses
Inventories
Right to recover assets
Income tax receivable
Prepaid expenses and other
Assets held for sale
Current assets
Property and equipment, net
Goodwill
Other intangible assets
Deferred income taxes
Other assets
Noncurrent assets
Total assets

Based on: 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-Q (reporting date: 2022-12-31), 10-K (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31).


Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets fluctuated, initially ranging between approximately 3.78% and 10.67% from 2016 through early 2021. A notable peak occurred around March 2021 at 14.13%, followed by a marked decline in subsequent quarters, falling to around 2.27% by mid-2023. This indicates a decreasing emphasis on liquid assets towards the end of the period.
Accounts receivable, less allowances for returns and credit losses
This asset category consistently represented a significant portion of total assets, generally fluctuating between 27.85% and 33.99%. The highest proportions appeared post-2022, with an upward trend continuing into mid-2023, indicating a growing investment in receivables relative to total assets during that time frame.
Inventories
Inventory levels as a percentage of total assets showed a gradual decline over the period, decreasing from around 33.65% at the end of 2016 to just above 27.5% by mid-2023. There were minor fluctuations, but overall the trend suggests a reduction in inventory holdings relative to total assets.
Right to recover assets
Data for this item became available beginning late 2018. Proportions increased from roughly 2.48% to a peak of about 3.29% in mid-2020 before experiencing a gradual downward trend to near 2.32% by mid-2023. This pattern reflects some variability in recovery asset rights over the recent years.
Income tax receivable
Starting from early 2020, income tax receivables represented a small but decreasing share of total assets, declining from approximately 1.66% to as low as 0.06% by mid-2023. This decline suggests a reduction in taxable receivables or changes in tax-related asset management.
Prepaid expenses and other
This category remained relatively stable around 0.3%-0.5% through much of the earlier years, but significant volatility was observed in 2022, peaking at 3.44% in early 2023 before returning toward levels below 1%. This could indicate episodic increases in prepaid expenses or reclassification effects during that period.
Assets held for sale
Limited data are available for this item, with a small presence of around 0.65%-0.68% noted between early and late 2021, then no further data points, suggesting either minimal activity or reclassification out of this category after 2021.
Current assets
The share of current assets steadily increased from around 68% at the end of 2016 to a peak of approximately 75.69% by early 2021. Subsequently, it declined to near 67% by mid-2023, showing short-term asset allocation changes with a notable concentration in current assets during 2020 and early 2021, followed by a slight reduction.
Property and equipment, net
This asset group maintained a relatively narrow range, declining from about 4.81% in late 2016 to approximately 3.51% by mid-2023. The overall trend indicates a gradual reduction of fixed assets as a proportion of total assets over the period.
Goodwill
Goodwill accounted for roughly 15%-17% of total assets through most of the period, with a dip to around 14.63%-15.15% between mid-2020 and mid-2021, followed by a slight rebound to approximately 16.39% in early 2023. This reflects some fluctuations potentially due to acquisitions, impairments, or restructuring.
Other intangible assets
The percentage of other intangible assets decreased notably from 8.63% in late 2016 to lows near 4.06% by early 2021. Post-2021, a significant increase was observed, spiking to roughly 9.72% in late 2021 before tapering back down to around 7.79% by mid-2023. This suggests valuation adjustments or new intangible asset recognition in that period, followed by normalization.
Deferred income taxes
Reported from late 2019 onward, deferred income taxes showed a declining trend from 0.82% to 0.36% by mid-2023, indicating a reduction in deferred tax assets relative to total assets in recent years.
Other assets
This category was stable and low initially, below 1%, but increased steadily from 2018 onwards, reaching 5.55% by early 2023. This rising trend points to a growing share of miscellaneous or less common assets being held.
Noncurrent assets
Noncurrent assets decreased from nearly 32% of total assets in 2016 to a low around 24.31%-25.34% in 2020-2021 before rising again to about 33% by mid-2023. This volatility highlights shifting asset composition, possibly reflecting asset disposals, acquisitions, or reclassifications over time.
Total assets
The total is consistently normalized to 100%, confirming all categories are proportions of the whole asset base throughout the timeframe.