Balance Sheet: Assets
Quarterly Data

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.

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

US$ in thousands

		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

The financial data over successive quarters reveals several notable trends and shifts in the key asset categories.

Cash and Cash Equivalents: The cash position fluctuated considerably, with values peaking multiple times, notably in September 2020 and March 2021, before declining again by mid-2023. Overall, a high level of liquidity was maintained, though with substantial variability quarter to quarter.
Accounts Receivable: Accounts receivable showed a generally increasing trend, rising from approximately $9.7 billion at the end of 2016 to over $20.7 billion by mid-2023. This steady increase suggests expanding sales or billing activities, accompanied by consistent management of allowances for returns and credit losses.
Inventories: Inventory levels initially fluctuated modestly, oscillating around the $11-13 billion range until 2019. Starting around 2020, there was a marked increase, peaking near $16.8 billion by June 2023. This growth indicates a buildup of stock, possibly reflecting higher demand or strategic stockpiling.
"Right to Recover Assets": This category appears in the data starting from 2018, showing a gradual rise from about $974 million to around $1.5 billion by late 2022, and slightly decreasing thereafter. This growth implies the company has increasing claims or rights to recover certain assets over time.
Income Tax Receivable: Reported from mid-2019, tax receivables demonstrated a declining trajectory from nearly $700 million down to below $40 million by mid-2023, indicating a drawdown of tax credits or refunds over successive periods.
Prepaid Expenses and Other: This line item showed high volatility, with values surging above $2 billion in March 2023, contrasted with lower figures in earlier periods. Large fluctuations suggest variable prepaid arrangements or other current asset components impacting this figure significantly.
Assets Held for Sale: Presented only in early 2022, with amounts in the range of $370 million to $390 million, this indicates a segment of assets designated for disposal or liquidation within that timeframe.
Current Assets: Current assets steadily increased from about $23.1 billion in late 2016 to a peak exceeding $40.9 billion by mid-2023, reflecting growth in liquid and short-term asset holdings.
Property and Equipment, Net: The net property and equipment value showed relative stability, fluctuating slightly around $1.4 to $2.1 billion, with some reduction noted in the middle of the timeline, possibly due to asset disposals or revaluation.
Goodwill: Goodwill remained mostly steady around $6.7 billion until 2020, after which a significant spike occurred, reaching over $9.6 billion by mid-2023. This suggests acquisitions or revaluations increased intangible assets markedly in recent years.
Other Intangible Assets: Other intangible assets decreased notably from nearly $2.9 billion in 2017 to about $1.8 billion by 2020, then sharply increased to over $4.8 billion by mid-2023, consistent with the pattern observed in goodwill, indicating additions or reclassifications of intangible elements.
Deferred Income Taxes: Deferred tax assets declined gradually from 2018 through 2023, from around $360 million to approximately $220 million, suggesting utilization or adjustments in deferred tax positions.
Other Assets: Other assets increased from roughly $295 million in 2016 to a peak exceeding $3.3 billion in early 2023, indicating significant growth in asset categories not classified elsewhere, followed by a variable pattern subsequently.
Noncurrent Assets: Noncurrent assets remained relatively stable around $11 billion until 2020, then surged to nearly $20.2 billion by mid-2023, reflecting growth in fixed and intangible assets impacting the long-term asset base substantially.
Total Assets: Total assets demonstrated a steady overall increase from approximately $34 billion at the end of 2016 to nearly $61.2 billion by mid-2023, driven primarily by growth in current and noncurrent asset categories, including goodwill and intangible assets acquisitions or revaluations.

Assets: Selected Items

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Current Assets: Selected Items