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

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.

Assets: Selected Items

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Current Assets: Selected Items

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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	1,389,345)	1,539,406)	1,692,205)	3,388,189)	3,034,233)	2,960,759)	3,168,881)	2,547,142)	2,553,217)	6,641,180)	4,890,918)	4,597,746)	3,420,272)	3,691,938)	3,232,604)	3,374,194)	2,999,559)	2,875,750)	2,540,156)	2,492,516)	2,388,928)	2,091,359)	3,037,747)	2,435,115)	1,311,467)	2,404,433)	1,791,134)
Accounts receivable, less allowances for returns and credit losses	20,796,648)	19,491,097)	18,627,397)	18,452,675)	18,624,104)	18,111,080)	17,146,056)	18,167,175)	17,695,170)	14,134,326)	14,886,252)	13,846,301)	12,548,399)	14,210,170)	12,568,816)	12,386,879)	11,989,030)	12,222,271)	11,979,382)	11,314,226)	11,764,614)	11,265,014)	10,127,783)	10,303,324)	10,553,258)	9,583,520)	9,696,200)
Inventories	16,852,340)	16,955,245)	16,779,873)	15,556,394)	15,823,360)	15,514,851)	16,293,933)	15,368,352)	14,996,364)	12,954,676)	13,178,958)	12,589,278)	11,849,201)	11,102,566)	11,686,466)	11,060,254)	11,247,776)	11,373,730)	11,800,185)	11,918,508)	12,074,347)	12,867,481)	12,020,660)	11,461,428)	11,669,529)	11,335,816)	11,414,771)
Right to recover assets	1,417,551)	1,480,545)	1,529,346)	1,532,061)	1,565,883)	1,451,687)	1,361,828)	1,271,557)	1,215,839)	1,217,032)	1,191,767)	1,344,649)	1,340,935)	1,301,108)	1,277,714)	1,147,483)	1,001,632)	977,860)	973,837)	—)	—)	—)	—)	—)	—)	—)	—)
Income tax receivable	37,479)	35,348)	85,174)	172,568)	127,976)	135,285)	183,238)	221,875)	254,065)	331,291)	317,656)	488,428)	596,024)	699,494)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Prepaid expenses and other	493,221)	488,000)	1,994,130)	487,871)	568,970)	845,202)	851,861)	853,600)	545,111)	190,644)	234,670)	189,300)	163,741)	175,374)	189,216)	163,244)	163,781)	172,572)	182,647)	169,122)	176,512)	173,357)	110,242)	103,432)	142,970)	170,152)	176,651)
Assets held for sale	—)	—)	—)	—)	—)	390,876)	373,088)	372,908)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	40,986,584)	39,989,641)	40,708,125)	39,589,758)	39,744,526)	39,409,740)	39,378,885)	38,802,609)	37,259,766)	35,469,149)	34,700,221)	33,055,702)	29,918,572)	31,180,650)	28,954,816)	28,132,054)	27,401,778)	27,622,183)	27,476,207)	25,894,372)	26,404,401)	26,397,211)	25,296,432)	24,303,299)	23,677,224)	23,493,921)	23,078,756)
Property and equipment, net	2,147,881)	2,149,937)	2,139,782)	2,135,003)	2,104,765)	2,138,598)	2,129,697)	2,162,961)	2,143,080)	1,482,753)	1,477,040)	1,484,808)	1,455,008)	1,421,768)	1,442,383)	1,770,516)	1,767,426)	1,858,867)	1,896,943)	1,892,424)	1,903,357)	1,940,154)	1,829,117)	1,797,945)	1,749,914)	1,702,060)	1,630,741)
Goodwill	9,658,445)	9,633,540)	8,597,145)	8,503,886)	8,632,124)	8,798,265)	8,921,790)	9,030,531)	9,132,723)	6,709,821)	6,709,471)	6,706,719)	6,705,130)	6,704,133)	6,707,764)	6,705,507)	6,706,506)	6,699,681)	6,697,547)	6,664,272)	6,712,729)	6,697,566)	6,076,110)	6,044,281)	6,042,552)	5,987,729)	5,987,106)
Other intangible assets	4,766,820)	4,884,843)	4,429,882)	4,332,737)	4,607,974)	4,888,039)	5,080,673)	5,256,927)	5,437,825)	1,839,085)	1,862,190)	1,886,107)	1,910,547)	1,935,448)	2,138,398)	2,294,836)	2,330,457)	2,355,997)	2,924,698)	2,947,828)	3,000,912)	3,062,323)	2,825,035)	2,833,281)	2,871,426)	2,888,920)	2,927,193)
Deferred income taxes	221,235)	228,524)	230,437)	237,571)	252,379)	267,200)	270,049)	290,791)	289,040)	302,554)	326,820)	361,640)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other assets	3,396,231)	1,879,698)	1,801,522)	1,761,661)	1,831,862)	1,806,311)	1,796,470)	1,793,986)	1,668,502)	1,199,888)	771,026)	779,854)	800,446)	800,263)	773,377)	269,067)	272,371)	273,582)	272,428)	270,942)	288,193)	298,478)	334,816)	337,664)	312,894)	324,383)	295,476)
Noncurrent assets	20,190,612)	18,776,542)	17,198,768)	16,970,858)	17,429,104)	17,898,413)	18,198,679)	18,535,196)	18,671,170)	11,534,101)	11,146,547)	11,219,128)	10,871,131)	10,861,612)	11,061,922)	11,039,926)	11,076,760)	11,188,127)	11,791,616)	11,775,466)	11,905,191)	11,998,521)	11,065,078)	11,013,171)	10,976,786)	10,903,092)	10,840,516)
Total assets	61,177,196)	58,766,183)	57,906,893)	56,560,616)	57,173,630)	57,308,153)	57,577,564)	57,337,805)	55,930,936)	47,003,250)	45,846,768)	44,274,830)	40,789,703)	42,042,262)	40,016,738)	39,171,980)	38,478,538)	38,810,310)	39,267,823)	37,669,838)	38,309,592)	38,395,732)	36,361,510)	35,316,470)	34,654,010)	34,397,013)	33,919,272)

Total assets exhibited a consistent long-term upward trajectory, increasing from approximately 33.9 billion USD in December 2016 to 61.2 billion USD by June 2023. This growth was characterized by steady incremental increases until the first quarter of 2021, at which point a substantial expansion in the asset base occurred, shifting the total from approximately 47 billion USD to over 55 billion USD within a single quarter.

Current Asset Dynamics: Accounts receivable, net of allowances, represented the most significant growth driver within current assets, rising from 9.7 billion USD in December 2016 to 20.8 billion USD by June 2023. This more than two-fold increase suggests a substantial expansion in sales volume or a shift in credit terms. Similarly, inventories grew from 11.4 billion USD to 16.8 billion USD over the same period, with a notable acceleration in growth beginning in 2021.; Cash and cash equivalents displayed high volatility. A peak of 6.6 billion USD was recorded in March 2021, followed by a sharp decline and subsequent stabilization. By June 2023, cash levels had contracted to 1.39 billion USD, reflecting a diminished liquidity position compared to the 2020-2021 peak.
Noncurrent Asset Evolution and Inorganic Growth: A significant shift in the noncurrent asset profile occurred in June 2021. Goodwill increased from approximately 6.7 billion USD to 9.1 billion USD, while other intangible assets spiked from 1.8 billion USD to 5.4 billion USD in the same period. These simultaneous increases indicate substantial inorganic growth through acquisition activity. Goodwill further increased to 9.6 billion USD by June 2023.; Property and equipment, net, remained relatively stable with a gradual upward trend, moving from 1.6 billion USD in 2016 to 2.1 billion USD in 2023, suggesting that the company's expansion has been driven more by acquisitions and working capital growth than by heavy investment in physical infrastructure.
Other Asset Trends: Right to recover assets appeared in late 2018 and remained relatively stable, fluctuating between 0.97 billion USD and 1.56 billion USD. Income tax receivables peaked in June 2020 at approximately 699 million USD before trending downward to 37 million USD by June 2023.; Other assets showed a dramatic increase toward the end of the period, rising from 295 million USD in December 2016 to 3.4 billion USD by June 2023, with the most significant jump occurring in the final quarter of the observed data.

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AmerisourceBergen Corp. (NYSE:ABC)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data