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.
Paying user area
Try for free
Constellation Brands Inc. pages available for free this week:
- Common-Size Balance Sheet: Assets
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Current Ratio since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Constellation Brands Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Constellation Brands Inc., consolidated balance sheet: assets
US$ in thousands
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28).
The financial data over the six-year period displays several notable trends in asset composition and valuation. Total assets increased significantly from 18.6 billion in 2017 to a peak of 29.2 billion in 2019, followed by a decline to 25.9 billion by 2022, suggesting an expansion phase followed by some contraction or asset revaluation.
- Liquidity and Current Assets
- Cash and cash equivalents showed volatility, declining sharply from 177.4 million in 2017 to 81.4 million in 2020, then jumping to 460.6 million in 2021 before decreasing again to 199.4 million in 2022. This pattern may indicate fluctuations in cash management or operational cash flow. Accounts receivable generally increased over the period, with minor decreases in 2021, signaling consistent or growing sales on credit.
- Inventories rose from 1.96 billion in 2017 to over 2.13 billion in 2019, then dropped significantly in 2020 and 2021 to around 1.29 billion, before increasing again in 2022. This decline during 2020 and 2021 may reflect inventory reduction strategies or supply chain impacts. Prepaid taxes and other receivables exhibited variability but showed an overall increase by 2022, particularly prepaid taxes which surged to 254.1 million, potentially related to tax planning or timing differences.
- Current assets peaked in 2019 at 3.68 billion, declined by 2021 to 3.04 billion, and partially recovered to 3.33 billion in 2022. These fluctuations align with changes in cash, receivables, and inventories.
- Noncurrent Assets
- Property, plant, and equipment steadily increased from 3.93 billion in 2017 to 6.06 billion in 2022, indicating ongoing investment in long-term operational capacity. Goodwill values remained relatively stable near 7.9 billion, indicating consistent valuation of acquired intangible assets.
- Intangible assets decreased from 3.38 billion in 2017 to around 2.75 billion by 2022, suggesting amortization or impairments exceeding new acquisitions. Equity method investments surged dramatically in 2019 to 3.47 billion but have declined since, reaching 2.69 billion in 2022, reflecting changes in investments or subsidiaries' valuation.
- Securities measured at fair value appeared in 2018 with 672.2 million, peaked at 3.23 billion in 2019, but dropped sharply to 191.4 million by 2022, indicating possible divestments or market value adjustments.
- Deferred income taxes shifted from negligible in 2017 to over 2.35 billion in 2022, after peaking in 2020 at 2.66 billion, reflecting changes in tax timing differences or regulatory environment impacts.
- Other assets and assets held for sale also showed significant variability, with assets held for sale appearing notably in 2020 around 550 million, suggesting a strategic sale of assets in that year.
- Overall noncurrent assets peaked in 2019 at 25.5 billion, declined in the following years to 22.5 billion in 2022, consistent with the trends in key asset categories described.
- Insights
- The data reveals an expansion in asset base until fiscal year 2019, characterized by substantial increases in several asset categories, followed by a reduction or consolidation phase. The substantial jump and subsequent decline in equity method investments and securities measured at fair value may indicate significant investment activity or reclassification. The sharp fluctuations in cash and equivalents and inventories around 2020 and 2021 suggest impacts possibly linked to external factors affecting liquidity and supply chain management.
- The continuous increase in property, plant, and equipment underscores sustained capital expenditure, supporting operational growth or modernization efforts. The decrease in intangible assets might reflect amortization policies or impairment reviews.
- Overall, the company's asset structure appears to have undergone phases of aggressive growth, portfolio adjustments, and stabilization, as evidenced by the variations in current and noncurrent assets.