AmerisourceBergen Corp. (NYSE:ABC)

Over the examined period, current assets exhibited a consistent upward trend, increasing from approximately 24.3 billion US dollars as of September 30, 2017, to nearly 39.6 billion US dollars by September 30, 2022. This represents a substantial growth in liquidity and short-term resources available.

Similarly, adjusted current assets followed a parallel upward trajectory, rising from around 26.8 billion US dollars in 2017 to approximately 42.6 billion US dollars in 2022. The adjusted figures were consistently higher than the unadjusted current assets, suggesting that certain adjustments or reclassifications expand the recognized liquid resources.

The growth rate for both current and adjusted current assets appears steady without significant fluctuations or declines, indicating stable asset management and potential scaling of operations or improved working capital positions over the five-year span.

Current assets growth

Increased by about 62.8% from 2017 to 2022, reflecting enhanced liquidity or accumulation of short-term assets.

Adjusted current assets growth

Grew by approximately 58.8% during the same period, maintaining a consistent premium relative to reported current assets.

Trend consistency

Sustained upward movement for both metrics signals effective asset utilization and possibly expanding operational scale or improved balance sheet strength.

Over the analyzed period, total assets showed an overall upward trajectory from 35.3 billion US dollars as of September 30, 2017, to a peak of approximately 57.3 billion by September 30, 2021. In the subsequent year, total assets slightly decreased to around 56.6 billion, indicating a modest contraction after a period of significant growth.

Adjusted total assets followed a closely related pattern, beginning at approximately 38.1 billion US dollars in 2017 and rising steadily to nearly 59.7 billion by 2021. Similar to total assets, adjusted total assets decreased slightly in 2022 to approximately 59.3 billion. This consistent increase over most of the period followed by a small decline suggests a general expansion of asset base with some stabilization or retraction in the most recent year.

Total assets

Increased consistently over four years, reflecting growth in the company's asset base, potentially due to investments, acquisitions, or operational expansion.

The largest annual increase occurred between 2020 and 2021, indicating an acceleration in growth during this period.

The slight decline in the last year may indicate asset disposition, market corrections, or operational adjustments.

Adjusted total assets

Demonstrated a parallel trend to total assets with steady increases each year through 2021.

The adjusted figures being consistently higher than reported total assets suggest additional considerations or adjustments possibly related to valuation methodologies or non-recurring items.

The marginal decrease in 2022 aligns with the trend observed in total assets, reinforcing the notion of a recent plateau or minor asset reduction.

The analysis of the financial data reveals a consistent upward trend in both total liabilities and adjusted total liabilities over the six-year period from September 30, 2017, to September 30, 2022.

Total liabilities

The total liabilities have progressively increased each year, starting from approximately 33.25 billion US dollars in 2017 and reaching about 56.49 billion US dollars by 2022. Notably, a significant jump occurs between 2019 and 2020, where the total liabilities rose from roughly 36.18 billion to 45.11 billion US dollars, followed by continued growth through 2021. There is a slight decline or stabilization visible between 2021 and 2022.

Adjusted total liabilities

Adjusted total liabilities follow a similar upward trajectory, beginning at approximately 31.02 billion US dollars in 2017 and increasing steadily to about 54.87 billion US dollars in 2022. This measure also shows a marked rise between 2019 and 2020, mirroring the pattern in total liabilities, with growth continuing through 2021 and a slight reduction or leveling off in 2022.

Overall, the data indicates increasing financial obligations over the span of the years observed, with particularly notable increases beginning in 2020. The slight reduction or stabilization in liabilities during the last year may suggest a strategic effort to manage or contain debt levels.

Total Stockholders’ Equity

The total stockholders’ equity exhibited significant fluctuations over the observed periods. Initially, there was a strong upward trend from approximately 2.06 billion USD in late 2017 to a peak of about 2.93 billion USD in 2018. This was followed by a slight decrease in 2019, maintaining a level near 2.88 billion USD. However, a pronounced decline occurred in 2020, where the equity value turned negative, dropping sharply to approximately -1.02 billion USD. This negative position partially recovered in the succeeding years but remained notably low, with values of around 223 million USD in 2021 and a further decline to approximately -212 million USD in 2022, indicating volatility and potential financial instability.

Adjusted Total Stockholders’ Equity

Adjusted total stockholders' equity showed a generally positive trend across the period, starting at approximately 7.07 billion USD in 2017 and increasing modestly to around 7.45 billion USD in 2018 and 7.59 billion USD in 2019. A significant reduction was observed in 2020, with the figure dropping to roughly 2.42 billion USD. Following this drop, the adjusted equity experienced recovery, rising to about 4.65 billion USD in 2021 and slightly decreasing to approximately 4.46 billion USD in 2022. Despite the fluctuations, the adjusted equity values remained substantially higher than the unadjusted figures, suggesting that adjustments made to the equity provided a more favorable representation of stakeholders’ capital over time.

The financial data reveals several notable trends in the company's debt, equity, and overall capital structure over the analyzed six-year period.

Total Reported Debt

This liability measure exhibited an overall increasing trend from 2017 to 2021, rising from approximately 3.44 billion USD to a peak around 6.68 billion USD in 2021. However, in 2022, there was a decline to approximately 5.70 billion USD, indicating a partial reduction in reported debt after the peak.

Total AmerisourceBergen Corporation Stockholders’ Equity (Deficit)

The equity position showed fluctuations over the years. Initially, equity increased from roughly 2.06 billion USD in 2017 to a high near 2.93 billion USD in 2018. It then slightly declined in 2019 before turning negative in 2020 with a deficit exceeding 1 billion USD. Equity improved back to positive territory in 2021 but declined again slightly in 2022, showing a challenging period for shareholder equity around 2020.

Total Reported Capital

Capital, defined as the sum of debt and equity, followed a broadly similar pattern to debt. It rose substantially to over 7 billion USD in 2018 and 2019, fell sharply in 2020 in line with the equity deficit, then rebounded strongly in 2021 to nearly 7 billion USD before declining again in 2022 to about 5.5 billion USD. This variation reflects the impact of the equity deficit in 2020 and subsequent recovery.

Adjusted Total Debt

Adjusted debt mirrored the trends observed in reported debt but with slightly higher values, peaking at over 7.8 billion USD in 2021 before declining to roughly 6.7 billion USD in 2022. This suggests that the adjustments incorporate greater liabilities or off-balance-sheet items that intensified the debt burden, especially in 2021.

Adjusted Total Stockholders’ Equity

Adjusted equity was significantly higher than reported equity across all periods, indicating favorable adjustments improving the equity base. From 2017 to 2019, the adjusted equity hovered around 7 to 7.6 billion USD; it dropped notably in 2020 to about 2.4 billion USD, consistent with the reported equity deficit at that time, but rebounded thereafter to over 4.4 billion USD by 2022.

Adjusted Total Capital

Adjusted capital, the sum of adjusted debt and equity, showed steady growth from 2017 through 2019, rising from approximately 10.8 billion USD to 12.2 billion USD. It declined sharply to about 7 billion USD in 2020, reflecting the equity impact, and then recovered close to 12.5 billion USD in 2021 before reducing again to around 11.2 billion USD in 2022. This pattern underscores the volatility experienced during 2020 followed by partial recovery.

In summary, the data suggests a period of growth in debt and capital from 2017 through 2019, followed by a significant disruption in 2020 marked by an equity deficit and reductions in overall capital. Subsequent years show a recovery trend, though not fully restoring the pre-2020 levels in reported equity or capital. The adjusted figures provide a less volatile but similarly patterned narrative, revealing the underlying financial stresses and partial rebounds during this timeframe.

The financial data over the six-year period reveals significant volatility in the net income figures attributable to the company. Initially, there was a marked increase in net income from approximately $364 million in 2017 to a peak of about $1.66 billion in 2018. This was followed by a decline to around $855 million in 2019. The year 2020 experienced a substantial loss, with net income dropping sharply to a negative $3.41 billion, indicating extraordinary financial challenges during that period. The subsequent years, 2021 and 2022, show a recovery trend, with net income returning to positive territory, reaching approximately $1.54 billion and $1.70 billion, respectively.

Analyzing adjusted net income, which typically excludes non-recurring or exceptional items, the trend shows a more moderate growth from about $689 million in 2017 to just over $1 billion in 2019. However, similar to the reported net income, 2020 displays a severe negative adjusted net income of approximately $4.76 billion, further emphasizing the impact of unusual or one-time losses. Recovery is also visible in the adjusted figures, with a rebound to around $1.28 billion in 2021, followed by a decline to about $742 million in 2022.

Trend Summary

Net income figures over the six years exhibit high volatility, with an exceptional negative spike in 2020 likely due to extraordinary events impacting operations or accounting adjustments.

Adjusted net income follows a similar pattern but shows a more moderate progression in profitable years, suggesting that exceptional items significantly affected the reported losses and profits, especially in 2020.

The recovery in 2021 and 2022 indicates resilience, though the drop in adjusted net income in 2022 relative to 2021 warrants attention for potential underlying operational or market challenges.

The fluctuation emphasizes the importance of considering adjusted net income for a clearer understanding of the company’s operational profitability, excluding extraordinary impacts.