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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
Quarterly Data

EMC Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014 Dec 31, 2013 Sep 30, 2013 Jun 30, 2013 Mar 31, 2013 Dec 31, 2012 Sep 30, 2012 Jun 30, 2012 Mar 31, 2012 Dec 31, 2011 Sep 30, 2011 Jun 30, 2011 Mar 31, 2011
Cash and cash equivalents 20.01 15.81 14.05 11.74 12.93 10.14 13.82 13.45 12.80 14.28 17.21 16.04 16.95 13.87 12.49 11.40 11.42 13.74 13.22 9.64 12.05 13.15
Short-term investments 5.15 5.64 5.85 5.11 4.32 4.76 4.31 4.65 4.42 4.46 6.05 7.72 8.15 3.20 3.71 3.52 4.75 4.91 5.21 5.04 4.44 4.78
Accounts and notes receivable, less allowance for doubtful accounts 6.20 6.44 8.53 6.91 7.46 6.85 9.62 7.07 7.53 6.77 8.42 6.58 7.22 7.28 9.02 8.67 8.51 7.83 8.57 8.17 8.10 7.63
Inventories 2.66 2.70 2.67 2.70 2.73 2.98 2.78 3.09 3.14 3.23 2.91 3.08 2.78 3.09 3.15 3.17 2.94 3.04 2.95 3.40 3.11 2.95
Deferred income taxes 0.00 0.00 0.00 2.40 2.36 2.46 2.33 2.15 2.18 2.14 1.99 2.21 2.12 2.56 2.47 2.20 2.27 2.21 2.14 1.98 1.96 2.03
Other current assets 1.39 1.37 1.21 1.43 1.59 1.82 1.42 1.61 1.32 1.36 1.11 1.24 1.47 1.51 1.22 1.48 1.39 1.52 1.70 2.43 1.98 2.07
Current assets 35.40% 31.95% 32.32% 30.29% 31.40% 29.02% 34.29% 32.02% 31.38% 32.23% 37.68% 36.88% 38.68% 31.51% 32.07% 30.44% 31.28% 33.25% 33.80% 30.67% 31.65% 32.62%
Long-term investments 9.38 11.31 11.82 14.65 15.69 16.22 13.80 16.06 15.72 15.91 15.10 15.40 14.48 14.33 13.73 14.06 15.03 13.36 13.20 13.87 12.93 12.43
Property, plant and equipment, net 7.97 8.33 8.26 8.36 8.44 8.64 8.21 8.06 8.11 8.10 7.59 7.56 7.41 8.29 8.26 8.17 8.42 8.47 8.27 8.50 8.36 8.23
Intangible assets, net 4.27 4.51 4.61 4.94 4.35 4.71 4.63 4.59 4.83 4.41 3.88 4.11 4.13 5.07 5.35 5.62 5.03 5.04 5.15 5.71 5.79 4.99
Goodwill 36.66 37.41 36.66 37.67 36.07 37.36 35.16 35.22 35.56 34.74 31.46 32.07 31.52 36.60 36.35 37.61 36.20 35.95 35.47 37.48 37.45 37.80
Deferred income taxes 2.50 2.57 2.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Other assets, net 3.81 3.93 3.84 4.09 4.04 4.04 3.91 4.04 4.39 4.62 4.29 3.98 3.77 4.19 4.23 4.10 4.05 3.93 4.10 3.77 3.82 3.93
Noncurrent assets 64.60% 68.05% 67.68% 69.71% 68.60% 70.98% 65.71% 67.98% 68.62% 67.77% 62.32% 63.12% 61.32% 68.49% 67.93% 69.56% 68.72% 66.75% 66.20% 69.33% 68.35% 67.38%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-K (reporting date: 2015-12-31), 10-Q (reporting date: 2015-09-30), 10-Q (reporting date: 2015-06-30), 10-Q (reporting date: 2015-03-31), 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31).

The common-size balance sheet analysis reveals a capital structure heavily weighted toward noncurrent assets, with a notable shift in liquidity composition toward the end of the observed period.

Liquidity and Current Asset Composition
Current assets typically fluctuate between 29% and 39% of total assets. A significant upward trend in cash and cash equivalents is observed, particularly in the final quarters, rising from 13.15% in March 2011 to a peak of 20.01% by June 2016. This increase in liquid holdings is accompanied by relative stability in short-term investments, which generally range between 3% and 8%. Accounts and notes receivable exhibit a slight contraction over the long term, moving from a peak of 9.62% in December 2014 to 6.20% by June 2016.
Analysis of Noncurrent Assets
Noncurrent assets represent the dominant portion of the balance sheet, generally ranging from 61% to 71% of total assets. Goodwill is the most significant individual component, consistently accounting for between 31% and 38% of the total asset base, suggesting a business model driven by substantial acquisitions. Conversely, long-term investments show a steady decline in their proportional share, dropping from 12.43% in March 2011 to 9.38% by June 2016.
Operational Asset Stability
Fixed and operational assets demonstrate high levels of stability. Property, plant, and equipment, net, consistently hover around 8% of total assets. Inventories remain remarkably steady, fluctuating minimally between 2.66% and 3.40%. Intangible assets, net, also show low volatility, maintaining a range between 4.11% and 5.79% throughout the analyzed timeframe.

The overall trajectory indicates a strategic shift toward increased liquidity, as the proportional decrease in long-term investments coincides with a substantial increase in cash and cash equivalents. The persistent high proportion of goodwill underscores a balance sheet heavily influenced by intangible value.

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