Stock Analysis on Net
Stock Analysis on Net

Monsanto Co. (NYSE:MON)

This company has been moved to the archive! The financial data has not been updated since April 5, 2018.

Common-Size Balance Sheet: Assets

Monsanto Co., common-size consolidated balance sheet: assets

Microsoft Excel
Aug 31, 2017 Aug 31, 2016 Aug 31, 2015 Aug 31, 2014 Aug 31, 2013 Aug 31, 2012
Cash and cash equivalents 8.70 8.49 16.88 10.77 17.75 16.23
Short-term investments 0.04 0.30 0.21 0.18 1.23 1.49
Trade receivables, net 10.13 9.76 7.46 9.16 8.30 9.38
Miscellaneous receivables 3.88 3.83 3.66 3.72 3.62 3.07
Deferred tax assets 0.00 0.00 3.39 2.89 2.80 2.64
Inventory, net 15.66 16.42 15.95 16.36 14.26 14.04
Assets held for sale 0.93 1.38 0.00 0.00 0.00 0.00
Other current assets 1.22 1.15 0.91 0.93 0.80 0.90
Current assets 40.55% 41.33% 48.47% 44.02% 48.77% 47.76%
Property, plant and equipment, net 27.80 26.50 22.69 23.12 22.52 21.58
Goodwill 19.16 20.37 18.53 19.65 17.03 16.98
Other intangible assets, net 4.80 5.70 6.08 7.07 5.93 6.12
Noncurrent deferred tax assets 2.64 3.11 1.26 2.05 2.20 2.72
Long-term receivables, net 0.57 0.51 0.19 0.42 1.15 1.86
Other assets 4.48 2.48 2.78 3.68 2.40 2.98
Noncurrent assets 59.45% 58.67% 51.53% 55.98% 51.23% 52.24%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2017-08-31), 10-K (reporting date: 2016-08-31), 10-K (reporting date: 2015-08-31), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-08-31), 10-K (reporting date: 2012-08-31).

Between 2012 and 2017, the asset structure shifted from a more liquid position toward a greater concentration of noncurrent assets. Current assets, which represented 47.76% of total assets in 2012, declined to 40.55% by 2017. Conversely, noncurrent assets increased from 52.24% to 59.45% over the same period, indicating a strategic reallocation of capital toward long-term investments and infrastructure.

Liquidity and Current Asset Composition
Cash and cash equivalents exhibited significant volatility, starting at 16.23% in 2012, peaking at 17.75% in 2013, but dropping sharply to 8.70% by 2017. Short-term investments followed a similar downward trajectory, becoming nearly negligible at 0.04% of total assets by the end of the period. Trade receivables remained relatively stable, fluctuating between 7.46% and 10.13%, while inventory showed a moderate increase, rising from 14.04% in 2012 to 15.66% in 2017.
Fixed Assets and Long-term Investments
Property, plant and equipment, net, demonstrated a consistent upward trend, increasing from 21.58% in 2012 to 27.80% in 2017. This steady growth suggests an increase in capital expenditures and a heavier investment in physical production capacity. Goodwill remained a substantial component of the balance sheet, maintaining a range between 16.98% and 20.37%, which highlights the continued impact of prior acquisitions on the total asset base.
Intangible Assets and Other Noncurrent Items
Other intangible assets, net, experienced a gradual decline from 6.12% in 2012 to 4.80% in 2017, likely reflecting the amortization of these assets over time. Noncurrent deferred tax assets showed fluctuation, with a low of 1.26% in 2015 followed by a recovery to 2.64% in 2017. Long-term receivables saw a marked decrease from 1.86% in 2012 to 0.57% in 2017, indicating a reduction in extended credit terms or a shift in receivable collection patterns.

The overall transition reveals a company that reduced its reliance on highly liquid cash positions in favor of expanding its fixed asset base and maintaining significant intangible value. The increase in the proportion of noncurrent assets, driven primarily by property, plant and equipment, suggests a shift toward long-term operational scaling.

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