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.
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HCA Healthcare Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Selected Financial Data since 2011
- Price to Earnings (P/E) since 2011
- Price to Book Value (P/BV) since 2011
- Analysis of Debt
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HCA Healthcare Inc., consolidated balance sheet: assets
US$ in millions
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).
The financial data reveals several notable trends across the reporting periods.
- Liquidity Position
- Cash and cash equivalents showed fluctuation, declining from US$732 million in 2017 to US$502 million in 2018, then increasing to a peak of US$1,793 million in 2020 before slightly decreasing to US$1,451 million in 2021. Accounts receivable demonstrated a general upward trend, growing steadily from US$6,501 million in 2017 to US$8,095 million by 2021, suggesting increasing sales or extended credit terms. Inventories rose gradually through the years from US$1,573 million in 2017 to US$2,025 million in 2020, with a slight reduction to US$1,986 million in 2021, indicating relatively stable inventory management. Other current assets increased notably, particularly in 2021 where a significant jump to US$2,010 million was observed.
- Current Assets
- Total current assets increased consistently, from US$9,977 million in 2017 to US$13,542 million in 2021, reflecting growth in liquid and near-liquid resources.
- Long-term Assets
- Property and equipment, net, exhibited a steady increase over the five years, expanding from US$17,895 million to US$24,063 million, indicating ongoing capital investments. Investments held by insurance subsidiaries decreased initially and then showed recovery, with values dropping from US$418 million in 2017 to US$315 million in 2019, before rising again to US$438 million in 2021. Investments in and advances to affiliates almost doubled between 2017 (US$199 million) and 2021 (US$448 million), indicating an expansion of strategic stakes or financial support. Goodwill and other intangible assets increased moderately year-over-year from US$7,394 million to US$9,540 million, suggesting acquisitions or revaluations. Right-of-use operating lease assets were introduced in 2019 with US$1,834 million and showed steady growth through 2021, consistent with lease accounting adoption and ongoing leasing activity. Other noncurrent assets declined from US$710 million in 2017 to US$480 million in 2019 but subsequently rose again to US$598 million in 2021.
- Total Noncurrent Assets
- Noncurrent assets expanded from US$26,616 million in 2017 to US$37,200 million in 2021, reflecting sustained long-term investment and asset growth.
- Total Assets
- Total assets followed a robust upward trajectory, increasing from US$36,593 million in 2017 to US$50,742 million in 2021, driven by steady growth in both current and noncurrent asset categories. This overall increase highlights ongoing business expansion and capacity enhancement.