Name: Amphenol Corp. (NYSE:APH) | 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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Amphenol Corp., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	1,475,000)	1,373,100)	1,197,100)	1,702,000)	891,200)
Short-term investments	185,200)	61,100)	44,300)	36,100)	17,400)
Cash, cash equivalents and short-term investments	1,660,200)	1,434,200)	1,241,400)	1,738,100)	908,600)
Accounts receivable, less allowance for doubtful accounts	2,618,400)	2,631,300)	2,454,800)	1,951,600)	1,736,400)
Inventories	2,167,100)	2,093,600)	1,894,100)	1,462,200)	1,310,100)
Prepaid expenses and other current assets	389,600)	320,000)	367,900)	338,900)	256,100)
Current assets	6,835,300)	6,479,100)	5,958,200)	5,490,800)	4,211,200)
Property, plant and equipment, net	1,314,700)	1,204,300)	1,175,300)	1,054,600)	999,000)
Goodwill	7,092,400)	6,446,100)	6,376,800)	5,032,100)	4,867,100)
Other intangible assets, net	834,800)	734,100)	756,900)	397,500)	442,000)
Other long-term assets	449,200)	462,600)	411,200)	352,300)	296,200)
Long-term assets	9,691,100)	8,847,100)	8,720,200)	6,836,500)	6,604,300)
Total assets	16,526,400)	15,326,200)	14,678,400)	12,327,300)	10,815,500)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Total assets have demonstrated a consistent upward trajectory, increasing from US$ 10.8 billion in 2019 to US$ 16.5 billion by the end of 2023. This expansion is characterized by simultaneous growth in both current and long-term asset categories, indicating a comprehensive scaling of the balance sheet over the five-year period.

Liquidity and Cash Position: Cash, cash equivalents, and short-term investments exhibited volatility between 2019 and 2021, peaking at US$ 1.7 billion in 2020 before declining to US$ 1.2 billion in 2021. A subsequent recovery trend is observed, with total liquid assets rising to US$ 1.66 billion by December 31, 2023. Notably, short-term investments saw a significant acceleration in the final year of the period, increasing by approximately 200% from US$ 61.1 million in 2022 to US$ 185.2 million in 2023.
Working Capital Dynamics: Current assets grew from US$ 4.2 billion in 2019 to US$ 6.8 billion in 2023. This growth was largely driven by steady increases in accounts receivable and inventories. Accounts receivable rose from US$ 1.7 billion to US$ 2.6 billion, while inventories increased from US$ 1.3 billion to US$ 2.1 billion. These trends suggest a corresponding increase in revenue generation and a strategic expansion of inventory holdings to support higher operational demand.
Fixed Assets and Strategic Acquisitions: Long-term assets increased from US$ 6.6 billion in 2019 to US$ 9.6 billion in 2023. The primary driver of this growth is observed in goodwill and intangible assets rather than physical infrastructure. Goodwill increased by US$ 2.2 billion over the period, and other intangible assets nearly doubled from US$ 442 million in 2019 to US$ 834.8 million in 2023. This pattern indicates that the asset base expansion is heavily weighted toward strategic acquisitions. In contrast, property, plant, and equipment showed a more moderate, linear growth, rising from US$ 999 million to US$ 1.3 billion.

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