Name: AmerisourceBergen Corp. (NYSE:ABC) | Balance Sheet: Assets
Creator: Stock Analysis on Net

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.

Assets: Selected Items

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Current Assets: Selected Items

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AmerisourceBergen Corp., consolidated balance sheet: assets

US$ in thousands

	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
Cash and cash equivalents	3,388,189)	2,547,142)	4,597,746)	3,374,194)	2,492,516)	2,435,115)
Accounts receivable, less allowances for returns and credit losses	18,452,675)	18,167,175)	13,846,301)	12,386,879)	11,314,226)	10,303,324)
Inventories	15,556,394)	15,368,352)	12,589,278)	11,060,254)	11,918,508)	11,461,428)
Right to recover assets	1,532,061)	1,271,557)	1,344,649)	1,147,483)	—)	—)
Income tax receivable	172,568)	221,875)	488,428)	5,859)	—)	—)
Prepaid expenses and other	487,871)	853,600)	189,300)	157,385)	169,122)	103,432)
Assets held for sale	—)	372,908)	—)	—)	—)	—)
Current assets	39,589,758)	38,802,609)	33,055,702)	28,132,054)	25,894,372)	24,303,299)
Property and equipment, net	2,135,003)	2,162,961)	1,484,808)	1,770,516)	1,892,424)	1,797,945)
Goodwill	8,503,886)	9,030,531)	6,706,719)	6,705,507)	6,664,272)	6,044,281)
Other intangible assets	4,332,737)	5,256,927)	1,886,107)	2,294,836)	2,947,828)	2,833,281)
Deferred income taxes	237,571)	290,791)	361,640)	—)	—)	—)
Other assets	1,761,661)	1,793,986)	779,854)	269,067)	270,942)	337,664)
Noncurrent assets	16,970,858)	18,535,196)	11,219,128)	11,039,926)	11,775,466)	11,013,171)
Total assets	56,560,616)	57,337,805)	44,274,830)	39,171,980)	37,669,838)	35,316,470)

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

Total assets experienced a substantial upward trajectory from September 30, 2017, to September 30, 2022, increasing from $35.32 billion to $56.56 billion. The most significant expansion occurred between 2020 and 2021, during which total assets grew by approximately 29%, signaling a period of rapid balance sheet expansion.

Current Asset Trends: Current assets grew consistently from $24.30 billion in 2017 to $39.59 billion in 2022. This expansion was primarily driven by accounts receivable and inventories. Accounts receivable increased from $10.30 billion to $18.45 billion, while inventories rose from $11.46 billion to $15.56 billion. The marked acceleration in both categories during the 2021 fiscal year suggests a significant scaling of operational volume or shifts in credit and inventory management strategies.
Liquidity and Cash Management: Cash and cash equivalents exhibited volatility throughout the analyzed period. After reaching a peak of $4.60 billion in 2020, the balance declined to $2.55 billion in 2021 before recovering to $3.39 billion in 2022. This fluctuation suggests a strategic deployment of liquid capital, possibly to fund the asset acquisitions observed in the noncurrent asset category.
Noncurrent Assets and Inorganic Growth: Noncurrent assets increased from $11.01 billion in 2017 to $16.97 billion in 2022. A significant surge is observed in 2021, specifically within goodwill and other intangible assets. Goodwill reached a peak of $9.03 billion in 2021, and intangible assets spiked to $5.26 billion in the same year, compared to $2.29 billion in 2019. These trends are strongly indicative of significant acquisition activity during the 2021 period.
Fixed Assets and Other Noncurrent Items: Property and equipment, net, remained relatively stable, fluctuating between a low of $1.48 billion in 2020 and a high of $2.16 billion in 2021. Other assets and deferred income taxes showed a general increase toward the end of the period, contributing moderately to the overall growth of the noncurrent asset base.

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