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.

DexCom 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	643,700)	1,194,900)	623,200)	642,300)	698,100)	735,400)	716,000)	1,052,600)	1,444,300)	1,158,800)	733,800)	817,600)	673,500)	530,000)	584,600)	446,200)	395,600)	709,200)	1,285,100)	1,137,000)	367,400)	300,200)	420,400)
Short-term marketable securities	2,596,600)	2,441,300)	1,943,800)	1,813,900)	1,673,800)	2,019,400)	1,972,200)	1,678,600)	1,253,600)	1,426,100)	1,898,800)	1,890,100)	1,930,300)	1,978,800)	925,900)	1,087,100)	1,034,300)	668,300)	72,900)	248,600)	301,300)	305,900)	113,500)
Accounts receivable, net	785,700)	750,600)	636,800)	713,300)	564,100)	560,800)	544,500)	514,300)	529,100)	483,500)	443,400)	428,500)	370,000)	296,500)	300,700)	286,300)	234,900)	217,300)	204,700)	226,700)	169,800)	162,000)	123,900)
Inventory	498,600)	421,100)	366,000)	306,700)	311,000)	339,500)	342,200)	357,300)	351,300)	319,300)	289,700)	234,700)	200,700)	165,300)	141,900)	119,800)	120,400)	117,900)	101,100)	70,700)	55,200)	46,200)	51,600)
Prepaid and other current assets	173,800)	195,000)	197,600)	192,600)	151,500)	153,600)	171,700)	81,600)	77,900)	86,500)	79,400)	53,900)	62,600)	62,400)	42,600)	30,000)	30,500)	31,500)	27,000)	16,500)	20,400)	21,700)	19,900)
Current assets	4,698,400)	5,002,900)	3,767,400)	3,668,800)	3,398,500)	3,808,700)	3,746,600)	3,684,400)	3,656,200)	3,474,200)	3,445,100)	3,424,800)	3,237,100)	3,033,000)	1,995,700)	1,969,400)	1,815,700)	1,744,200)	1,690,800)	1,699,500)	914,100)	836,000)	729,300)
Property and equipment, net	1,078,900)	1,077,600)	1,075,500)	1,055,600)	1,002,500)	942,900)	856,500)	801,800)	742,200)	676,000)	589,900)	515,300)	461,800)	384,300)	346,100)	321,300)	301,000)	253,200)	221,400)	183,100)	169,600)	156,800)	152,400)
Operating lease right-of-use assets	73,400)	76,300)	78,000)	80,000)	73,100)	77,900)	82,300)	88,100)	91,300)	94,800)	98,800)	93,300)	94,300)	71,600)	73,800)	71,500)	34,600)	35,800)	27,700)	—)	—)	—)	—)
Goodwill	25,300)	25,800)	25,700)	25,700)	24,700)	25,600)	26,600)	26,500)	23,900)	19,100)	18,900)	19,300)	19,000)	18,700)	18,600)	18,600)	18,400)	18,700)	18,600)	18,700)	18,400)	11,900)	12,300)
Intangibles, net	144,500)	154,200)	163,600)	173,300)	24,400)	28,000)	31,400)	31,500)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Deferred tax assets	501,300)	417,000)	349,100)	341,200)	342,300)	309,500)	290,800)	220,800)	216,300)	216,400)	216,700)	216,400)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other assets	74,400)	66,900)	56,600)	47,100)	33,700)	24,800)	22,800)	10,500)	46,000)	23,300)	20,400)	21,400)	21,000)	14,200)	13,700)	14,200)	16,000)	14,000)	15,500)	14,700)	12,200)	2,800)	2,800)
Non-current assets	1,897,800)	1,817,800)	1,748,500)	1,722,900)	1,500,700)	1,408,700)	1,310,400)	1,179,200)	1,119,700)	1,029,600)	944,700)	865,700)	596,100)	488,800)	452,200)	425,600)	370,000)	321,700)	283,200)	216,500)	200,200)	171,500)	167,500)
Total assets	6,596,200)	6,820,700)	5,515,900)	5,391,700)	4,899,200)	5,217,400)	5,057,000)	4,863,600)	4,775,900)	4,503,800)	4,389,800)	4,290,500)	3,833,200)	3,521,800)	2,447,900)	2,395,000)	2,185,700)	2,065,900)	1,974,000)	1,916,000)	1,114,300)	1,007,500)	896,800)

The analysis of the quarterly financial data reveals several noteworthy trends across the various asset categories over the examined periods.

Cash and Cash Equivalents: There is significant volatility in cash and cash equivalents, with values ranging from a low point of approximately 300 million USD in mid-2018 to over 1.4 billion USD by the end of 2021. The balance peaks at several points, particularly in December 2018 and September 2021, followed by declines that suggest substantial cash deployments or investments occurring periodically.
Short-term Marketable Securities: This category demonstrates a general increasing trend over time, starting at around 113 million USD in March 2018 and growing to over 2.5 billion USD by the last reported quarter in September 2023. Notable jumps occurred in mid to late 2020 and maintained high balances thereafter, indicating strategic investment in liquid marketable securities which enhances liquidity.
Accounts Receivable, Net: Accounts receivable show a persistent upward trajectory, growing from roughly 124 million USD in early 2018 to nearly 786 million USD in late 2023. This increase reflects higher sales or billing activity but warrants attention regarding collection efficiency to avoid potential cash flow issues.
Inventory: Inventory levels have risen steadily from about 52 million USD to nearly 499 million USD by the end of the analyzed period. The growth in inventory aligns with overall company expansion but also requires monitoring to prevent overstocking or obsolescence risks.
Prepaid and Other Current Assets: This asset category has expanded noticeably, particularly from 2021 onward, where balances increased from approximately 79 million USD to around 195 million USD by mid-2023. The rise could reflect increased prepaid expenses or other current assets linked to operational scaling.
Current Assets: Current assets more than quintupled during the period, from approximately 729 million USD in early 2018 to over 4.6 billion USD in late 2023. The rapid growth is driven by increases in cash, marketable securities, receivables, inventory, and other current assets, signifying a substantial enhancement in liquidity and working capital.
Property and Equipment, Net: Net property and equipment increased steadily from roughly 152 million USD to nearly 1.1 billion USD. The consistent rise indicates ongoing capital investments in fixed assets supporting company growth and operational capacity.
Operating Lease Right-of-Use Assets: Data for operating lease right-of-use assets begin in 2019 and exhibit a fluctuating pattern around the 70-100 million USD range, showing some decline toward late 2022 and early 2023. This suggests lease-related assets remained relatively stable but are gradually declining, possibly due to lease term expirations or changes in leasing strategy.
Goodwill: Goodwill remains relatively stable over the years, fluctuating slightly between approximately 11.9 million USD and 26.5 million USD. This stability could signal limited acquisition activity or consistent valuation adjustments.
Intangibles, Net: Between 2021 and 2023, intangible assets decreased significantly from over 31 million USD to about 144 million USD. Given that starting point is in later years, the drop might reflect amortization or impairment of intangible assets over time.
Deferred Tax Assets: Deferred tax assets show a marked growth starting from 2020, rising from approximately 216 million USD to over 500 million USD by mid-2023. This upward trend may result from increased temporary differences or tax credit recognition, potentially affecting future tax expense reductions.
Other Assets: Other assets increased substantially from a modest base to over 74 million USD by late 2023. This category's growth may encompass miscellaneous non-current assets or investments not captured elsewhere.
Non-current Assets: Non-current assets more than doubled from about 167 million USD to nearly 1.9 billion USD, driven by growth in property and equipment, deferred tax assets, and other long-term assets, reflecting a substantial asset base expansion and long-term investment strategy.
Total Assets: Total assets exhibit a major increase, climbing from roughly 897 million USD in early 2018 to nearly 6.6 billion USD by the last quarter of 2023. This denotes significant company growth, backed by asset accumulation across both current and non-current categories.

Overall, the data indicates a period of substantial growth and investment. Key liquidity components such as cash equivalents and marketable securities have experienced upward trends, alongside rising receivables and inventory. Long-term assets, including property and equipment, also show strong expansion. The considerable increase in total assets suggests strategic scaling efforts possibly aligned with business expansion, investment in operational capacity, and financial strength enhancement. However, the concurrent growth in receivables and inventory calls for effective management to maintain optimal working capital efficiency.

Assets: Selected Items

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Current Assets: Selected Items

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DexCom Inc. (NASDAQ:DXCM)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data