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

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.

Assets: Selected Items

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Current Assets: Selected Items

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

US$ in millions

	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	9,354)	7,224)	6,549)	5,324)	5,803)	4,388)	6,343)	6,055)	5,687)	6,291)	7,891)	7,155)	7,526)	5,304)	4,754)	4,161)	3,993)	4,671)	4,531)	3,126)	3,896)	4,102)
Short-term investments	2,407)	2,577)	2,726)	2,318)	1,939)	2,062)	1,978)	2,092)	1,962)	1,964)	2,773)	3,442)	3,620)	1,223)	1,413)	1,285)	1,660)	1,668)	1,787)	1,636)	1,436)	1,491)
Accounts and notes receivable, less allowance for doubtful accounts	2,896)	2,941)	3,977)	3,134)	3,345)	2,966)	4,413)	3,185)	3,344)	2,981)	3,861)	2,934)	3,204)	2,784)	3,433)	3,164)	2,974)	2,662)	2,937)	2,650)	2,620)	2,379)
Inventories	1,243)	1,233)	1,245)	1,224)	1,224)	1,292)	1,276)	1,390)	1,397)	1,421)	1,334)	1,375)	1,233)	1,180)	1,201)	1,158)	1,029)	1,034)	1,010)	1,104)	1,006)	921)
Deferred income taxes	—)	—)	—)	1,088)	1,061)	1,067)	1,070)	970)	969)	941)	912)	986)	940)	978)	942)	802)	792)	750)	733)	643)	634)	632)
Other current assets	650)	625)	566)	649)	715)	788)	653)	727)	586)	597)	507)	555)	651)	579)	465)	541)	486)	515)	584)	789)	640)	647)
Current assets	16,550)	14,600)	15,063)	13,737)	14,087)	12,563)	15,733)	14,419)	13,945)	14,195)	17,278)	16,447)	17,174)	12,049)	12,209)	11,111)	10,935)	11,300)	11,583)	9,948)	10,233)	10,172)
Long-term investments	4,387)	5,169)	5,508)	6,642)	7,041)	7,022)	6,334)	7,233)	6,985)	7,006)	6,924)	6,869)	6,430)	5,480)	5,229)	5,134)	5,253)	4,540)	4,525)	4,499)	4,180)	3,877)
Property, plant and equipment, net	3,725)	3,806)	3,850)	3,791)	3,788)	3,742)	3,766)	3,629)	3,606)	3,568)	3,478)	3,373)	3,291)	3,170)	3,145)	2,983)	2,942)	2,879)	2,833)	2,756)	2,702)	2,565)
Intangible assets, net	1,998)	2,059)	2,149)	2,239)	1,953)	2,041)	2,125)	2,069)	2,147)	1,941)	1,780)	1,831)	1,833)	1,938)	2,035)	2,053)	1,758)	1,714)	1,766)	1,852)	1,872)	1,557)
Goodwill	17,137)	17,099)	17,090)	17,083)	16,185)	16,174)	16,134)	15,859)	15,802)	15,301)	14,424)	14,306)	13,994)	13,994)	13,840)	13,728)	12,655)	12,217)	12,155)	12,154)	12,108)	11,790)
Deferred income taxes	1,169)	1,173)	1,164)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other assets, net	1,779)	1,797)	1,788)	1,853)	1,813)	1,751)	1,793)	1,819)	1,953)	2,036)	1,965)	1,776)	1,676)	1,603)	1,612)	1,495)	1,416)	1,336)	1,406)	1,222)	1,236)	1,226)
Noncurrent assets	30,195)	31,103)	31,549)	31,608)	30,780)	30,730)	30,152)	30,609)	30,493)	29,852)	28,571)	28,155)	27,224)	26,185)	25,860)	25,394)	24,024)	22,685)	22,685)	22,483)	22,098)	21,015)
Total assets	46,745)	45,703)	46,612)	45,345)	44,867)	43,293)	45,885)	45,028)	44,438)	44,047)	45,849)	44,602)	44,398)	38,234)	38,069)	36,506)	34,959)	33,985)	34,268)	32,431)	32,332)	31,187)

Total assets exhibited a sustained upward trajectory over the analyzed period, increasing from 31,187 million US dollars in March 2011 to 46,745 million US dollars by June 2016. This growth was driven by expansions in both current and noncurrent asset bases, although the composition of these assets shifted over time.

Liquidity and Cash Position: Cash and cash equivalents showed significant volatility but a general long-term increase, rising from 4,102 million US dollars in March 2011 to a peak of 9,354 million US dollars in June 2016. Short-term investments remained relatively stable between 1,200 and 2,800 million US dollars for most of the period, with a notable temporary spike to 3,620 million US dollars in June 2013. Combined, these liquid assets indicate a strengthening of the immediate cash position toward the end of the period.
Current Asset Trends: Current assets grew from 10,172 million US dollars in March 2011 to 16,550 million US dollars in June 2016. A significant surge was observed in mid-2013, where current assets peaked above 17,000 million US dollars. Accounts and notes receivable exhibited periodic fluctuations, reaching a high of 4,413 million US dollars in December 2014 before returning to approximately 2,896 million US dollars by June 2016. Inventories demonstrated a gradual and consistent increase, moving from 921 million US dollars to 1,243 million US dollars.
Noncurrent Asset Expansion: Noncurrent assets experienced substantial growth, rising from 21,015 million US dollars in March 2011 to 30,195 million US dollars in June 2016. This growth was primarily driven by Goodwill, which increased steadily from 11,790 million US dollars to 17,137 million US dollars, suggesting a series of acquisitions or valuation increases. Property, plant, and equipment, net, also grew steadily from 2,565 million US dollars to 3,725 million US dollars, indicating ongoing investment in physical infrastructure.
Investment and Intangible Asset Shifts: Long-term investments showed a growth phase, peaking at 7,233 million US dollars in September 2014, followed by a marked decline to 4,387 million US dollars by June 2016. Intangible assets, net, remained relatively stable, fluctuating within the range of 1,557 million US dollars to 2,239 million US dollars. Deferred income taxes for noncurrent assets only became a reported distinct line item in the final three quarters of the period, stabilizing around 1,170 million US dollars.

The overall financial structure reveals a transition toward a more asset-heavy balance sheet, with a particular emphasis on the growth of goodwill and liquid cash reserves. While current assets experienced a mid-period peak, the long-term expansion of the total asset base was largely underpinned by the growth in noncurrent assets.

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EMC Corp. (NYSE:EMC)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data