Name: Edwards Lifesciences Corp. (NYSE:EW) | 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

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Current Assets: Selected Items

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Edwards Lifesciences Corp., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Cash and cash equivalents	862,800)	1,183,200)	1,179,100)	714,100)	818,300)
Short-term investments	604,000)	219,400)	337,800)	242,400)	519,200)
Accounts receivable, net of allowances	582,200)	514,600)	543,600)	456,900)	421,600)
Other receivables	82,700)	88,200)	55,500)	80,400)	40,600)
Inventories	726,700)	802,300)	640,900)	607,000)	554,900)
Prepaid expenses	85,200)	75,100)	59,100)	54,300)	60,600)
Other current assets	237,100)	208,200)	168,000)	131,800)	116,900)
Current assets	3,180,700)	3,091,000)	2,984,000)	2,286,900)	2,532,100)
Long-term investments	1,834,200)	801,600)	585,500)	506,300)	567,000)
Property, plant, and equipment, net	1,546,600)	1,395,200)	1,060,300)	867,500)	679,700)
Operating lease right-of-use assets	92,100)	94,200)	80,100)	—)	—)
Goodwill	1,167,900)	1,173,200)	1,167,700)	1,112,200)	1,126,500)
Other intangible assets, net	323,600)	331,400)	336,500)	343,200)	468,000)
Deferred income taxes	246,700)	230,900)	172,200)	174,000)	213,600)
Other assets	110,800)	119,600)	101,800)	33,600)	108,900)
Long-term assets	5,321,900)	4,146,100)	3,504,100)	3,036,800)	3,163,700)
Total assets	8,502,600)	7,237,100)	6,488,100)	5,323,700)	5,695,800)

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).

Total assets exhibited a consistent upward trajectory from December 31, 2017, to December 31, 2021, growing from US$ 5.69 billion to US$ 8.50 billion. This overall expansion was driven by significant increases in both current and long-term assets, reflecting a period of substantial balance sheet growth.

Liquidity and Current Asset Trends: Current assets rose from US$ 2.53 billion in 2017 to US$ 3.18 billion in 2021. Cash and cash equivalents experienced volatility, peaking in 2020 at US$ 1.18 billion before declining to US$ 862.8 million in 2021. However, this decline was partially offset by a sharp increase in short-term investments, which rose to US$ 604 million in 2021 from US$ 219.4 million in 2020. Accounts receivable showed a steady upward trend, increasing from US$ 421.6 million to US$ 582.2 million over the period, suggesting an increase in credit sales or changes in collection cycles.
Operational Infrastructure and Inventory: Property, plant, and equipment, net, demonstrated consistent growth, more than doubling from US$ 679.7 million in 2017 to US$ 1.55 billion in 2021. This indicates sustained capital investment in production capacity and infrastructure. Inventories followed a similar growth pattern, increasing from US$ 554.9 million in 2017 to a peak of US$ 802.3 million in 2020, before settling at US$ 726.7 million in 2021.
Long-Term Investment and Strategic Assets: Long-term assets saw the most aggressive growth, increasing from US$ 3.16 billion in 2017 to US$ 5.32 billion in 2021. A primary driver of this increase was the surge in long-term investments, which jumped from US$ 801.6 million in 2020 to US$ 1.83 billion in 2021. In contrast, goodwill remained remarkably stable, hovering around US$ 1.17 billion, while other intangible assets showed a gradual decline from US$ 468 million in 2017 to US$ 323.6 million in 2021, likely due to systematic amortization.

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