Stock Analysis on Net

Boston Scientific Corp. (NYSE:BSX)

$22.49

This company has been moved to the archive! The financial data has not been updated since May 4, 2023.

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

US$ in millions

Microsoft Excel
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
Cash and cash equivalents
Trade accounts receivable, net
Inventories
Prepaid income taxes
Assets held for sale
Other current assets
Current assets
Property, plant and equipment, net
Goodwill
Other intangible assets, net
Deferred tax assets
Other long-term assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).


Cash and cash equivalents
There is notable volatility in cash and cash equivalents over the reported quarters. Beginning at $287 million in March 2018, the balance declined to a low near $123 million in mid-2019, followed by a significant increase peaking at $2,675 million in March 2021. Afterward, a sharp decrease occurred, with amounts dropping below $300 million in early 2022, before moderately recovering to $570 million by March 2023.
Trade accounts receivable, net
Trade receivables showed gradual growth overall, rising from $1,580 million in March 2018 to $2,076 million by March 2023. There are small fluctuations, but the trend is consistently upward, indicating growth in sales on credit or extended payment terms over the period.
Inventories
Inventory levels increased steadily, rising from $1,113 million at the start of the period to $2,050 million in March 2023. This continuous accumulation suggests increased stockholding, potentially due to higher sales volumes or stockpiling strategies.
Prepaid income taxes
Prepaid income taxes fluctuated moderately, increasing from $50 million initially to a general range between $190 million and $300 million in later periods. There was a notable jump in late 2018 to early 2019, stabilizing afterward at higher levels.
Assets held for sale
A single significant amount of $1,133 million appeared in December 2020, indicating disposal or planned disposal of assets during that quarter. No other amounts were reported thereafter.
Other current assets
Other current assets experienced considerable fluctuation. A substantial spike occurred in early 2019 reaching over $3 billion, followed by a sharp decline back to levels around $700-$900 million from 2020 onward, implying a one-time event or reclassification affecting that period.
Current assets
Current assets increased markedly from $4,080 million in March 2018 to peaks above $6,700 million in late 2020. Subsequently, they reverted to around the $5,700 million range by early 2023. The rise corresponds with the increase in cash and several other current asset components, reflecting greater liquidity and short-term resource accumulation followed by normalization.
Property, plant and equipment, net
This asset category grew steadily, with values rising from $1,700 million in March 2018 to $2,478 million by March 2023, indicating ongoing investment in fixed assets and infrastructure expansion.
Goodwill
Goodwill balances consistently increased over the period, from $6,984 million to $13,269 million. This pattern suggests significant acquisition activity or reassessment of intangible asset values, nearly doubling the initial amount over five years.
Other intangible assets, net
Other intangible assets peaked around $8,000 million in 2019 before gradually declining to about $6,000 million by March 2023. This decrease may reflect amortization, impairments, or disposals of intangible assets over time.
Deferred tax assets
Deferred tax assets are reported from late 2019, remaining relatively stable between approximately $3,900 million and $4,200 million, showing minor fluctuations but maintaining a steady asset base in this classification.
Other long-term assets
Other long-term assets varied around the $1,400 to $1,900 million range, showing fluctuations without a strong directional trend, possibly reflecting reclassifications or changes in valuation.
Long-term assets
Long-term assets increased considerably from $15,122 million to peak near $27,272 million by early 2022, followed by a slight decline and stabilization around $27,000 million through early 2023. This overall growth indicates significant capital investment and asset base expansion over the period.
Total assets
Total assets exhibited steady growth from $19,202 million in March 2018 to $32,892 million in March 2023, demonstrating consistent asset accumulation and balance sheet expansion driven by increases in both current and long-term asset categories.

Assets: Selected Items


Current Assets: Selected Items