Name: EMC Corp. (NYSE:EMC) | Balance Sheet: Assets
Creator: Stock Analysis on Net

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.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

EMC Corp., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012	Dec 31, 2011
Cash and cash equivalents	6,549)	6,343)	7,891)	4,754)	4,531)
Short-term investments	2,726)	1,978)	2,773)	1,413)	1,787)
Accounts and notes receivable, less allowance for doubtful accounts	3,977)	4,413)	3,861)	3,433)	2,937)
Inventories	1,245)	1,276)	1,334)	1,201)	1,010)
Deferred income taxes	—)	1,070)	912)	942)	733)
Other current assets	566)	653)	507)	465)	584)
Current assets	15,063)	15,733)	17,278)	12,209)	11,583)
Long-term investments	5,508)	6,334)	6,924)	5,229)	4,525)
Property, plant and equipment, net	3,850)	3,766)	3,478)	3,145)	2,833)
Intangible assets, net	2,149)	2,125)	1,780)	2,035)	1,766)
Goodwill	17,090)	16,134)	14,424)	13,840)	12,155)
Deferred income taxes	1,164)	157)	133)	65)	—)
Other assets, net	1,788)	1,636)	1,832)	1,547)	1,406)
Noncurrent assets	31,549)	30,152)	28,571)	25,860)	22,685)
Total assets	46,612)	45,885)	45,849)	38,069)	34,268)

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).

Total assets experienced a consistent upward trajectory over the five-year period, increasing from 34,268 million US dollars in 2011 to 46,612 million US dollars by 2015. This growth represents an overall expansion of the asset base by approximately 36%. The most significant year-over-year increase occurred between 2012 and 2013, where total assets rose by approximately 20%.

Liquidity and Cash Management: Current assets showed a general increase, though the trend was non-linear, peaking in 2013 at 17,278 million US dollars. This peak was primarily driven by a substantial rise in cash and cash equivalents and short-term investments, which combined for 10,664 million US dollars in 2013, compared to 6,318 million US dollars in 2011. Following 2013, liquidity levels normalized but remained higher than 2011 levels, ending 2015 with a combined cash and short-term investment position of 9,275 million US dollars.
Working Capital Components: Accounts and notes receivable demonstrated a steady growth trend, rising from 2,937 million US dollars in 2011 to a peak of 4,413 million US dollars in 2014, before slightly declining to 3,977 million US dollars in 2015. Inventories remained relatively stable throughout the period, fluctuating within a narrow range between 1,010 million and 1,334 million US dollars, suggesting a consistent approach to inventory management relative to the overall growth of the company.
Noncurrent Asset Expansion: Noncurrent assets grew from 22,685 million US dollars in 2011 to 31,549 million US dollars in 2015. This growth was heavily influenced by goodwill, which increased steadily every year from 12,155 million US dollars to 17,090 million US dollars, indicating a strategy of inorganic growth through acquisitions. Property, plant and equipment, net, also showed a consistent increase, growing from 2,833 million US dollars to 3,850 million US dollars over the five-year window.
Other Long-term Assets: Long-term investments peaked in 2013 at 6,924 million US dollars before declining to 5,508 million US dollars by 2015. A notable shift is observed in noncurrent deferred income taxes, which remained negligible between 2012 and 2014 but surged to 1,164 million US dollars in 2015.

The asset structure indicates a shift toward a more heavily weighted noncurrent asset base, with goodwill emerging as the largest single asset component. The volatility in current assets, specifically the 2013 liquidity spike, contrasts with the steady, incremental growth observed in fixed assets and intangible assets.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?