Name: Amphenol Corp. (NYSE:APH) | 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.

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

US$ in thousands

	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	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
Cash and cash equivalents	1,857,100)	1,475,000)	1,481,500)	1,325,100)	1,391,100)	1,373,100)	1,189,000)	1,215,200)	1,247,500)	1,197,100)	1,268,100)	1,209,400)	2,327,600)	1,702,000)	1,420,500)	1,288,300)	2,372,300)	891,200)	969,300)	982,300)	969,700)
Short-term investments	106,400)	185,200)	252,500)	177,900)	107,600)	61,100)	63,000)	119,200)	52,100)	44,300)	34,400)	33,200)	33,600)	36,100)	35,700)	25,700)	11,300)	17,400)	17,400)	15,000)	17,900)
Cash, cash equivalents and short-term investments	1,963,500)	1,660,200)	1,734,000)	1,503,000)	1,498,700)	1,434,200)	1,252,000)	1,334,400)	1,299,600)	1,241,400)	1,302,500)	1,242,600)	2,361,200)	1,738,100)	1,456,200)	1,314,000)	2,383,600)	908,600)	986,700)	997,300)	987,600)
Accounts receivable, less allowance for doubtful accounts	2,501,400)	2,618,400)	2,571,200)	2,443,500)	2,411,900)	2,631,300)	2,640,100)	2,571,600)	2,422,100)	2,454,800)	2,204,500)	2,072,800)	1,931,800)	1,951,600)	1,880,300)	1,658,300)	1,540,500)	1,736,400)	1,689,100)	1,685,000)	1,661,900)
Inventories	2,152,900)	2,167,100)	2,099,100)	1,997,800)	2,105,100)	2,093,600)	2,080,100)	2,043,700)	1,989,700)	1,894,100)	1,952,500)	1,771,400)	1,565,100)	1,462,200)	1,391,000)	1,361,900)	1,325,000)	1,310,100)	1,273,500)	1,275,300)	1,224,400)
Prepaid expenses and other current assets	423,900)	389,600)	369,000)	377,000)	378,300)	320,000)	354,700)	361,300)	397,300)	367,900)	392,100)	372,000)	328,600)	338,900)	309,500)	283,800)	268,400)	256,100)	282,900)	264,500)	253,600)
Current assets held for sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	1,068,200)	1,032,400)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	7,041,700)	6,835,300)	6,773,300)	6,321,300)	6,394,000)	6,479,100)	6,326,900)	6,311,000)	6,108,700)	5,958,200)	6,919,800)	6,491,200)	6,186,700)	5,490,800)	5,037,000)	4,618,000)	5,517,500)	4,211,200)	4,232,200)	4,222,100)	4,127,500)
Property, plant and equipment, less accumulated depreciation	1,311,600)	1,314,700)	1,246,600)	1,258,900)	1,243,500)	1,204,300)	1,166,900)	1,155,100)	1,175,000)	1,175,300)	1,175,400)	1,169,300)	1,076,200)	1,054,600)	1,036,900)	1,001,700)	982,400)	999,000)	965,200)	970,000)	932,000)
Goodwill	7,100,500)	7,092,400)	6,574,500)	6,518,600)	6,539,600)	6,446,100)	6,337,500)	6,275,000)	6,349,100)	6,376,800)	5,839,400)	5,891,700)	5,093,000)	5,032,100)	4,955,500)	4,867,000)	4,846,200)	4,867,100)	4,750,000)	4,706,100)	4,439,900)
Other intangible assets, net	785,400)	834,800)	744,200)	723,500)	743,200)	734,100)	753,800)	751,200)	738,400)	756,900)	603,600)	620,800)	410,300)	397,500)	408,200)	416,200)	428,200)	442,000)	—)	—)	—)
Other long-term assets	483,300)	449,200)	420,400)	415,600)	461,200)	462,600)	512,800)	493,800)	502,400)	411,200)	387,900)	386,100)	367,300)	352,300)	316,300)	301,000)	303,400)	296,200)	736,200)	735,800)	708,700)
Long-term assets	9,680,800)	9,691,100)	8,985,700)	8,916,600)	8,987,500)	8,847,100)	8,771,000)	8,675,100)	8,764,900)	8,720,200)	8,006,300)	8,067,900)	6,946,800)	6,836,500)	6,716,900)	6,585,900)	6,560,200)	6,604,300)	6,451,400)	6,411,900)	6,080,600)
Total assets	16,722,500)	16,526,400)	15,759,000)	15,237,900)	15,381,500)	15,326,200)	15,097,900)	14,986,100)	14,873,600)	14,678,400)	14,926,100)	14,559,100)	13,133,500)	12,327,300)	11,753,900)	11,203,900)	12,077,700)	10,815,500)	10,683,600)	10,634,000)	10,208,100)

Total assets exhibit a consistent long-term upward trajectory, growing from approximately 10.21 billion USD in March 2019 to 16.72 billion USD by March 2024. This expansion is characterized by simultaneous growth in both current and non-current asset bases, reflecting a period of significant balance sheet scaling.

Liquidity and Cash Position: Cash and cash equivalents demonstrated notable volatility between 2020 and 2021, with peaks reaching 2.37 billion USD in March 2020 and 2.33 billion USD in March 2021. Following these spikes, the balance stabilized, generally fluctuating between 1.2 billion USD and 1.8 billion USD. Short-term investments remained minimal until 2022, after which they experienced a marked increase, peaking at 252.5 million USD in September 2023 before moderating to 106.4 million USD by March 2024.
Operational Asset Trends: Accounts receivable and inventories have shown steady, incremental growth, suggesting an expansion in business volume and operational scale. Accounts receivable rose from 1.66 billion USD in March 2019 to 2.50 billion USD in March 2024. Similarly, inventories increased from 1.22 billion USD to 2.15 billion USD over the same period, indicating higher stock levels to support increased demand or strategic buffering.
Long-Term Strategic Assets: The growth of long-term assets, which rose from 6.08 billion USD in March 2019 to 9.68 billion USD in March 2024, is primarily attributed to an increase in goodwill. Goodwill grew from 4.44 billion USD to 7.10 billion USD, with significant increments occurring in mid-2021 and late 2023, pointing toward a strategy of growth through acquisitions. Other intangible assets also trended upward, increasing from 442 million USD in December 2019 to 785.4 million USD in March 2024.
Fixed Asset Investment: Property, plant, and equipment (PP&E) exhibited a gradual and stable increase, moving from 932 million USD in March 2019 to 1.31 billion USD in March 2024. This steady growth indicates a consistent reinvestment in productive capacity to align with the overall expansion of the enterprise.

The overall composition of the balance sheet reveals a shift toward a more asset-heavy structure, with a particular emphasis on intangible assets and goodwill. While operational assets like receivables and inventories have grown linearly, the substantial increases in goodwill suggest that inorganic expansion has been a primary driver of the company's total asset growth over the five-year period.

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Amphenol Corp. (NYSE:APH)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data