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EMC Corp. (NYSE:EMC)

This company has been moved to the archive! The financial data has not been updated since August 8, 2016.

Common-Size Balance Sheet: Assets

EMC Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Cash and cash equivalents 14.05 13.82 17.21 12.49 13.22
Short-term investments 5.85 4.31 6.05 3.71 5.21
Accounts and notes receivable, less allowance for doubtful accounts 8.53 9.62 8.42 9.02 8.57
Inventories 2.67 2.78 2.91 3.15 2.95
Deferred income taxes 0.00 2.33 1.99 2.47 2.14
Other current assets 1.21 1.42 1.11 1.22 1.70
Current assets 32.32% 34.29% 37.68% 32.07% 33.80%
Long-term investments 11.82 13.80 15.10 13.73 13.20
Property, plant and equipment, net 8.26 8.21 7.59 8.26 8.27
Intangible assets, net 4.61 4.63 3.88 5.35 5.15
Goodwill 36.66 35.16 31.46 36.35 35.47
Deferred income taxes 2.50 0.34 0.29 0.17 0.00
Other assets, net 3.84 3.57 4.00 4.06 4.10
Noncurrent assets 67.68% 65.71% 62.32% 67.93% 66.20%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

The asset structure of the organization is characterized by a heavy concentration of non-current assets, which consistently represent between 62% and 68% of the total asset base from 2011 to 2015. Current assets maintain a secondary position, fluctuating between 32% and 38% of the total balance sheet, with a notable peak in 2013.

Liquidity and Short-Term Asset Trends
Cash and cash equivalents represent a significant portion of the asset mix, maintaining a range between 12.49% and 17.21%. A peak in liquidity was observed in 2013, followed by a stabilization around 14% by 2015. Short-term investments exhibit minor volatility, staying between 3.71% and 6.05%. Combined, these highly liquid assets consistently comprise approximately 18% to 23% of total assets.
Working Capital Components
Accounts and notes receivable remain relatively stable, fluctuating slightly between 8.42% and 9.62%. Inventories show a marginal downward trend, decreasing from a high of 3.15% in 2012 to 2.67% by 2015, suggesting a potential increase in inventory turnover efficiency or a shift in operational requirements.
Intangible Assets and Goodwill
Goodwill is the most dominant single component of the balance sheet, consistently accounting for over 30% of total assets. This figure peaked at 36.66% in 2015, indicating a strategy heavily reliant on acquisitions. Net intangible assets remained relatively constant, averaging approximately 4.6% over the analyzed period.
Fixed Assets and Long-Term Investments
Property, plant, and equipment (net) demonstrate remarkable stability, hovering consistently around 8.2% of total assets. Long-term investments showed a gradual increase to 15.10% in 2013 before declining to 11.82% by 2015, indicating a reallocation of long-term capital.
Deferred Tax Assets
A shift is observable in the distribution of deferred income taxes. While current deferred taxes remained relatively flat around 2%, non-current deferred income taxes saw a significant increase in 2015, rising to 2.50% from a low of 0.17% in 2012.

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