Stock Analysis on Net
Stock Analysis on Net

Edwards Lifesciences Corp. (NYSE:EW)

$22.49

This company has been moved to the archive! The financial data has not been updated since February 14, 2022.

Common-Size Balance Sheet: Assets

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Edwards Lifesciences Corp., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Cash and cash equivalents
Short-term investments
Accounts receivable, net of allowances
Other receivables
Inventories
Prepaid expenses
Other current assets
Current assets
Long-term investments
Property, plant, and equipment, net
Operating lease right-of-use assets
Goodwill
Other intangible assets, net
Deferred income taxes
Other assets
Long-term assets
Total assets

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets shows a decreasing trend over the years, starting at 14.37% in 2017 and declining to 10.15% by 2021. This indicates a reduced liquidity buffer in recent periods.
Short-term Investments
Short-term investments exhibit fluctuations, declining sharply from 9.12% in 2017 to a low of 3.03% in 2020, followed by an increase to 7.1% in 2021. This pattern suggests intermittent repositioning of liquid assets.
Accounts Receivable, Net of Allowances
This item rose from 7.4% in 2017 to a peak of 8.58% in 2018, then gradually diminished to 6.85% in 2021. The initial increase may reflect extended credit terms or higher sales on credit, while the later decline suggests improved collections or decreased credit sales.
Other Receivables
Other receivables increased notably from 0.71% in 2017 to 1.51% in 2018, then fluctuated downward, reaching 0.97% in 2021. This variability might reflect changes in miscellaneous receivables or adjustments in accounting policies.
Inventories
Inventory levels as a percentage of total assets rose to 11.4% in 2018, declined to 9.88% in 2019, rose again in 2020, and dropped to 8.55% in 2021, indicating variability in stock management possibly influenced by demand forecasting or supply chain dynamics.
Prepaid Expenses
Prepaid expenses remained relatively stable, oscillating slightly around 1% of total assets throughout the period, suggesting consistent advance payments or recognized expenses.
Other Current Assets
The share of other current assets increased steadily from 2.05% in 2017 to 2.88% in 2020, slightly decreasing to 2.79% in 2021, presenting a mild upward trend in miscellaneous current assets.
Current Assets
Total current assets as a proportion of total assets declined from 44.46% in 2017 to 37.41% in 2021, reflecting an overall shift towards long-term or less liquid asset categories.
Long-term Investments
Long-term investments remained stable near 9-10% from 2017 to 2019, then increased markedly to 21.57% in 2021. This significant rise indicates a strategic shift towards longer-term financial assets or holdings.
Property, Plant, and Equipment, Net
This asset category increased from 11.93% in 2017 to a peak of 19.28% in 2020, slightly declining to 18.19% in 2021. The rise points to substantial investments in physical assets, supporting operational capacity expansion or modernization.
Operating Lease Right-of-Use Assets
Introduced in 2019 with 1.23%, this category saw a small increase in 2020 (1.3%) followed by a slight decrease in 2021 (1.08%), aligning with accounting standard changes recognizing lease assets.
Goodwill
Goodwill declined steadily from 19.78% in 2017 to 13.74% in 2021, which may reflect asset impairments, divestitures, or reduced acquisition activity over the years.
Other Intangible Assets, Net
Other intangible assets also decreased from 8.22% in 2017 to 3.81% in 2021, consistent with amortization or impairments diminishing their carrying value.
Deferred Income Taxes
The proportion of deferred income taxes showed minor fluctuations, starting at 3.75% in 2017 and declining to 2.9% in 2021, suggesting changes in tax assets or liabilities over time.
Other Assets
Other assets share decreased from 1.91% in 2017 to 1.3% in 2021, generally indicating a reduction in miscellaneous or non-classified long-term assets.
Long-term Assets
The proportion of long-term assets increased from 55.54% in 2017 to 62.59% in 2021, demonstrating a strategic orientation towards capital-intensive or non-current asset investments over time.
Total Assets
Total assets are consistently represented as 100%, serving as the reference base for proportional analyses.