Stock Analysis on Net

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

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

Edwards Lifesciences Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Accounts payable 2.41 1.71 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
Accrued and other liabilities 9.44 9.84 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
Accounts payable and accrued liabilities (legacy) 0.00 0.00 11.24 10.71 11.98 12.09 13.22 11.88 13.52 12.60 12.08 11.41 16.47 11.10 10.27 11.57 13.22 12.64 10.95 12.23
Operating lease liabilities, current portion 0.30 0.30 0.33 0.37 0.38 0.36 0.37 0.41 0.39 0.40 0.43 0.41 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Short-term debt 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 10.07 10.54 10.28 10.50 0.00 0.00 0.00
Contingent consideration liabilities 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 0.72 0.91 0.76 0.00 0.00
Current liabilities 12.14% 11.84% 11.57% 11.08% 12.35% 12.44% 13.59% 12.29% 13.91% 13.00% 12.51% 11.82% 16.47% 21.17% 20.81% 22.57% 24.63% 13.40% 10.95% 12.23%
Long-term debt 7.01 7.30 7.77 8.25 8.22 8.75 9.26 9.79 9.16 9.96 10.66 10.86 11.15 9.96 10.44 7.83 7.70 18.84 19.79 17.74
Contingent consideration liabilities 0.73 0.98 1.03 2.52 2.57 2.66 2.96 2.80 2.66 3.20 3.47 3.39 3.35 3.23 3.50 3.37 3.38 2.56 3.87 4.09
Taxes payable 2.23 2.33 2.48 2.98 2.97 3.15 3.33 3.94 3.65 3.96 4.25 4.74 4.87 4.44 4.63 4.99 6.92 0.00 0.00 0.00
Operating lease liabilities, long-term portion 0.81 0.79 0.83 0.93 1.00 1.04 1.03 0.92 0.91 0.88 0.90 0.91 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Uncertain tax positions 3.05 3.01 3.06 3.11 2.96 2.93 2.82 2.89 2.65 2.38 2.50 2.38 2.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Litigation settlement accrual 2.25 2.47 2.76 3.08 3.22 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 liabilities 3.14 3.38 3.50 3.48 3.49 7.12 7.25 3.16 3.13 2.68 2.91 2.87 2.82 4.79 4.97 5.52 5.47 7.58 8.19 8.56
Long-term liabilities 19.22% 20.25% 21.44% 24.35% 24.44% 25.65% 26.65% 23.50% 22.15% 23.06% 24.69% 25.15% 24.54% 22.42% 23.54% 21.71% 23.47% 28.98% 31.85% 30.39%
Total liabilities 31.36% 32.09% 33.00% 35.42% 36.79% 38.09% 40.24% 35.80% 36.06% 36.06% 37.20% 36.97% 41.01% 43.59% 44.35% 44.28% 48.10% 42.38% 42.79% 42.63%
Preferred stock, $.01 par value, no shares outstanding 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 0.00
Common stock, $1.00 par value 7.55 7.86 8.35 8.84 8.79 9.34 9.86 3.60 3.36 3.65 3.89 3.95 4.04 3.61 3.76 3.66 3.72 3.86 4.76 5.09
Additional paid-in capital 20.00 20.14 20.60 20.75 19.87 20.32 20.61 27.58 25.02 26.32 27.13 26.50 26.00 22.51 21.27 21.10 20.49 20.58 24.66 25.26
Retained earnings 71.37 70.25 70.38 67.97 63.08 62.57 61.18 66.69 57.67 58.02 57.18 53.84 50.62 45.11 43.30 37.41 34.45 35.80 84.30 86.72
Accumulated other comprehensive loss -1.85 -1.90 -2.08 -2.39 -2.23 -2.32 -2.27 -2.50 -2.40 -2.61 -2.48 -2.58 -2.60 -2.33 -2.65 -2.08 -2.33 -2.60 -3.07 -3.80
Treasury stock, at cost -28.43 -28.44 -30.26 -30.59 -26.31 -28.00 -29.62 -31.16 -19.71 -21.43 -22.92 -18.67 -19.07 -12.48 -10.03 -4.36 -4.43 -0.01 -53.44 -55.90
Stockholders’ equity 68.64% 67.91% 67.00% 64.58% 63.21% 61.91% 59.76% 64.20% 63.94% 63.94% 62.80% 63.03% 58.99% 56.41% 55.65% 55.72% 51.90% 57.62% 57.21% 57.37%
Total liabilities and stockholders’ equity 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-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).


Liabilities Trends
Over the period analyzed, total liabilities as a percentage of total liabilities and stockholders' equity demonstrated a downward trend from approximately 42.6% in early 2017 to around 31.4% by the end of 2021, indicating a reduction in the relative burden of liabilities on the company's capital structure. Current liabilities showed fluctuations, peaking notably in late 2017 at 24.6%, before settling to a lower range near 12% toward the end of 2021. Long-term debt decreased steadily from roughly 17.7% in the first quarter of 2017 to just over 7% by the fourth quarter of 2021, reflecting potential debt repayments or refinancing strategies reducing long-term obligations.
Accounts Payable and Accrued Liabilities
The combined accounts payable and accrued liabilities (legacy) exhibited variability across the years, with percentages fluctuating between approximately 10.3% and 16.5%, without a clear linear trend. The legacy measure appears replaced by separate accounts payable and accrued liabilities entries in later periods, where accounts payable remained relatively low (around 1.7% to 2.4%) in 2021, and accrued liabilities stabilized near 9.4% to 9.8%, suggesting consistent management of short-term payables and accrued expenses.
Debt and Contingent Liabilities
Short-term debt data, although limited to mid-2017 and 2018 quarters, indicated values around 10%, suggesting a significant short-term borrowing component during that period. Contingent consideration liabilities displayed a declining trend from around 4.1% in early 2017 to below 1% by late 2021, signaling a likely resolution or reduction of contingent obligations.
Lease Liabilities
Operating lease liabilities, both current and long-term portions, were reported primarily from late 2017 onwards. The current portion remained stable around 0.3% to 0.4%, while the long-term portion decreased from just below 1% in 2018 to approximately 0.8% by the end of 2021, indicating possible lease terminations, renegotiations, or shifting lease accounting treatments.
Tax-Related Liabilities
Taxes payable showed a steady decline from nearly 7% in 2018 to approximately 2.2% by the end of 2021, reflecting either reduced taxable events or improved tax payment management. Uncertain tax positions slightly increased from about 2.3% in 2018 to just over 3% during 2021, suggesting growing unresolved tax contingencies.
Other Liabilities and Litigation
Other liabilities decreased significantly from 8.6% in early 2017 to around 2.8%-3.5% in later years, with a brief spike in mid-2020 to over 7%, which may be attributed to temporary accrued expenses or provisions. Litigation settlement accruals appeared starting in late 2020, declining gradually from 3.2% to 2.3% by the end of 2021, indicating ongoing resolution of legal matters.
Stockholders' Equity Movements
Stockholders’ equity as a percentage of total liabilities and equity increased steadily from about 57.4% in early 2017 to nearly 68.6% by the end of 2021, reflecting a stronger equity base relative to liabilities. Retained earnings exhibited significant growth from 35.8% in 2017 to over 71% by late 2021, implying accumulated profitability or retained capital deployment. Additional paid-in capital remained relatively stable around 20% to 27%, while common stock percentages slightly decreased from 5.1% to approximately 7.5% over the years.
Treasury Stock and Comprehensive Loss
Treasury stock, measured as a negative percentage, fluctuated considerably; it sharply decreased from about -55.9% in early 2017 to negligible levels by late 2017, then varied between -26% and -31% in subsequent years, pointing to significant stock repurchases or retirements affecting equity structure. Accumulated other comprehensive loss moderately improved, moving from around -3.8% to near -1.85%, indicating a reduction in unrealized losses or other comprehensive loss components.