Name: Hubbell Inc. (NYSE:HUBB) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

Balance Sheet: Assets
Quarterly Data

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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Hubbell Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	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
Cash and cash equivalents	572,800)	492,600)	429,800)	440,500)	366,900)	424,200)	359,000)	286,200)	257,900)	265,400)	433,800)	259,600)	269,200)	485,000)	300,000)	182,000)	300,000)	209,900)	205,300)	189,000)	228,800)	195,100)	216,300)
Short-term investments	17,900)	16,200)	17,000)	14,300)	12,500)	13,900)	12,400)	9,400)	9,900)	12,600)	10,200)	9,300)	9,000)	9,900)	13,500)	14,200)	11,300)	10,500)	9,500)	9,200)	11,200)	10,200)	15,500)
Accounts receivable, net of allowances	852,900)	811,200)	778,300)	741,600)	800,500)	780,500)	777,900)	675,300)	798,300)	762,300)	703,100)	634,700)	711,400)	644,100)	707,700)	683,000)	787,100)	785,500)	716,200)	725,400)	788,200)	779,700)	704,000)
Inventories, net	788,400)	794,100)	779,600)	740,700)	739,000)	719,500)	708,800)	662,100)	700,700)	638,300)	616,400)	607,300)	584,900)	604,200)	595,700)	633,000)	662,000)	661,900)	663,000)	651,000)	672,500)	686,700)	714,300)
Other current assets	86,400)	91,700)	94,000)	84,300)	75,600)	96,100)	69,000)	66,800)	66,400)	66,500)	64,000)	76,700)	65,900)	50,400)	58,100)	62,000)	49,500)	61,200)	56,600)	69,100)	59,400)	64,200)	70,700)
Assets held for sale, current	—)	—)	—)	—)	—)	—)	—)	179,500)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	2,318,400)	2,205,800)	2,098,700)	2,021,400)	1,994,500)	2,034,200)	1,927,100)	1,879,300)	1,833,200)	1,745,100)	1,827,500)	1,587,600)	1,640,400)	1,793,600)	1,675,000)	1,574,200)	1,809,900)	1,729,000)	1,650,600)	1,643,700)	1,760,100)	1,735,900)	1,720,800)
Property, plant, and equipment, net	572,200)	557,500)	539,000)	528,000)	478,500)	464,800)	460,400)	459,500)	521,200)	518,700)	516,700)	519,200)	485,300)	489,100)	495,500)	505,200)	497,600)	509,300)	504,500)	502,100)	499,500)	496,300)	494,900)
Investments	61,600)	69,600)	66,100)	65,900)	66,600)	71,900)	72,900)	69,100)	72,100)	69,700)	69,600)	71,100)	60,400)	54,300)	53,200)	55,700)	50,000)	56,900)	57,500)	56,300)	61,200)	57,300)	56,500)
Goodwill	1,994,700)	1,998,800)	1,976,100)	1,970,500)	1,948,800)	1,859,400)	1,870,600)	1,871,300)	1,922,600)	1,922,900)	1,924,400)	1,923,300)	1,813,400)	1,808,700)	1,807,100)	1,811,800)	1,781,400)	1,784,900)	1,786,800)	1,784,400)	1,766,400)	1,759,700)	1,760,100)
Other intangible assets, net	644,700)	664,400)	652,900)	669,900)	690,300)	644,100)	664,200)	681,500)	738,000)	758,300)	786,000)	810,600)	724,000)	740,700)	758,800)	781,500)	765,000)	783,800)	802,100)	819,500)	847,300)	865,600)	889,500)
Other long-term assets	176,700)	144,800)	148,000)	146,900)	159,700)	163,800)	174,500)	143,700)	154,600)	158,100)	168,700)	173,300)	153,600)	172,300)	169,500)	174,600)	170,400)	172,100)	174,600)	66,100)	63,000)	56,300)	53,600)
Assets held for sale, non-current	—)	—)	—)	—)	—)	—)	—)	177,100)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other assets	2,877,700)	2,877,600)	2,843,100)	2,853,200)	2,865,400)	2,739,200)	2,782,200)	2,942,700)	2,887,300)	2,909,000)	2,948,700)	2,978,300)	2,751,400)	2,776,000)	2,788,600)	2,823,600)	2,766,800)	2,797,700)	2,821,000)	2,726,300)	2,737,900)	2,738,900)	2,759,700)
Long-term assets	3,449,900)	3,435,100)	3,382,100)	3,381,200)	3,343,900)	3,204,000)	3,242,600)	3,402,200)	3,408,500)	3,427,700)	3,465,400)	3,497,500)	3,236,700)	3,265,100)	3,284,100)	3,328,800)	3,264,400)	3,307,000)	3,325,500)	3,228,400)	3,237,400)	3,235,200)	3,254,600)
Total assets	5,768,300)	5,640,900)	5,480,800)	5,402,600)	5,338,400)	5,238,200)	5,169,700)	5,281,500)	5,241,700)	5,172,800)	5,292,900)	5,085,100)	4,877,100)	5,058,700)	4,959,100)	4,903,000)	5,074,300)	5,036,000)	4,976,100)	4,872,100)	4,997,500)	4,971,100)	4,975,400)

Total assets exhibited a consistent long-term growth trajectory, increasing from 4.98 billion US dollars in March 2018 to 5.77 billion US dollars by September 2023. This expansion was primarily driven by a significant increase in current assets and a steady rise in goodwill, offset partially by the gradual amortization of intangible assets.

Current Asset Composition and Liquidity: Current assets rose from 1.72 billion US dollars in early 2018 to 2.32 billion US dollars by the end of the period. A primary driver of this growth was the substantial increase in cash and cash equivalents, which grew from 216.3 million US dollars to 572.8 million US dollars. Notably, a liquidity surge occurred in 2020, with cash levels peaking at 485 million US dollars in June 2020 before stabilizing and climbing further in 2022 and 2023.; Accounts receivable, net, showed moderate volatility but ended the period at a peak of 852.9 million US dollars in September 2023, compared to 704 million US dollars in March 2018. Inventories followed a U-shaped trend, declining from 714.3 million US dollars in 2018 to a low of 584.9 million US dollars in September 2020, before recovering to 788.4 million US dollars by September 2023, suggesting an expansion in working capital to support operational growth.
Long-Term Asset Dynamics: Long-term assets grew from 3.25 billion US dollars to 3.45 billion US dollars over the analyzed period. Property, plant, and equipment (PP&E), net, remained relatively stable around 500 million US dollars for several years before increasing to 572.2 million US dollars by September 2023, indicating recent investments in productive capacity.; The balance sheet reflects a significant reliance on intangible assets. Goodwill increased from 1.76 billion US dollars in March 2018 to 1.99 billion US dollars in September 2023. Conversely, other intangible assets, net, demonstrated a steady downward trend, decreasing from 889.5 million US dollars to 644.7 million US dollars, which is consistent with standard amortization schedules.

The overall shift in the asset structure indicates a strengthening liquidity position and a strategic increase in both inventory and physical capacity. The growth in total assets is characterized by a transition toward higher cash reserves and increased goodwill, while the reduction in intangible assets suggests the natural expiration or writing down of acquired non-physical assets over time.

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Hubbell Inc. (NYSE:HUBB)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data