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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- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Selected Financial Data since 2005
- Current Ratio since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
- Aggregate Accruals
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Hubbell Inc., consolidated balance sheet: assets
US$ in thousands
Based on: 10-K (reporting date: 2022-12-31), 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).
The financial data reveals several notable trends across the periods analyzed.
- Liquidity and Current Assets
- Cash and cash equivalents showed a positive trend, increasing significantly from 189,000 thousand USD in 2018 to 440,500 thousand USD in 2022, suggesting improved liquidity. Short-term investments fluctuated modestly but trended upward overall, reaching 14,300 thousand USD in 2022 from 9,200 thousand USD in 2018.
- Accounts receivable experienced a decline from 725,400 thousand USD in 2018 to 634,700 thousand USD in 2020, followed by a recovery to 741,600 thousand USD in 2022, indicating variability in credit sales or collection efficiency. Inventories decreased from 651,000 thousand USD in 2018 to 607,300 thousand USD in 2020 but increased steadily thereafter to reach 740,700 thousand USD in 2022, reflecting possible inventory buildup or demand changes.
- Other current assets generally fluctuated, with a low in 2019 at 62,000 thousand USD and an increase to 84,300 thousand USD in 2022. Notably, assets held for sale were introduced in 2021 with significant values at 179,500 thousand USD current and 177,100 thousand USD non-current, indicating a strategic move to divest certain assets.
- Overall, total current assets rose from 1,643,700 thousand USD in 2018 to 2,021,400 thousand USD in 2022, with a marked increase in 2021 correlating with the inclusion of assets held for sale.
- Long-Term Assets
- Property, plant, and equipment (PP&E) showed minor fluctuations, increasing from 502,100 thousand USD in 2018 to a peak of 519,200 thousand USD in 2020, declining to 459,500 thousand USD in 2021, then rebounding to 528,000 thousand USD in 2022, which may indicate asset disposals and subsequent reinvestments.
- Investments remained relatively stable over the years, with a slight increase reaching 71,100 thousand USD in 2020 followed by a decline to 65,900 thousand USD in 2022.
- Goodwill exhibited a generally upward trend from 1,784,400 thousand USD in 2018 to 1,970,500 thousand USD in 2022, despite a dip in 2021, suggesting acquisitions were made that increased intangible asset values.
- Other intangible assets declined steadily from 819,500 thousand USD in 2018 to 669,900 thousand USD in 2022, indicating possible amortization or impairment charges.
- Other long-term assets spiked sharply in 2019 to 174,600 thousand USD from 66,100 thousand USD in 2018, then moderated to a stable range around 146,900 thousand USD by 2022.
- The category "Other assets" showed a gradual increase until 2020, peaking at 2,978,300 thousand USD, followed by a slight decline through 2022, ending at 2,853,200 thousand USD.
- Overall, long-term assets increased from 3,228,400 thousand USD in 2018 to a high of 3,497,500 thousand USD in 2020, then declined modestly to 3,381,200 thousand USD in 2022, reflecting a combination of asset acquisition, disposals, and amortization trends.
- Total Assets
- Total assets increased steadily each year from 4,872,100 thousand USD in 2018 to 5,402,600 thousand USD in 2022, demonstrating growth in the overall asset base. The most significant increments occurred in 2021 and 2022, driven primarily by increases in current assets, notably cash and cash equivalents, and the inclusion of assets held for sale.