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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- Statement of Comprehensive Income
- Common-Size Income Statement
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Enterprise Value (EV)
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Net Profit Margin since 2019
- Analysis of Debt
- Aggregate Accruals
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Shockwave Medical Inc., consolidated balance sheet: assets (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
- Cash and Cash Equivalents Trend
- The cash and cash equivalents balance showed considerable fluctuations over the periods. It initially decreased from 138,064 thousand USD at March 31, 2019, to a low of 39,452 thousand USD at September 30, 2019, then surged again to 139,045 thousand USD by year-end 2019. The balance peaked at 280,932 thousand USD in March 31, 2023, before declining somewhat to 281,674 thousand USD by March 31, 2024. This suggests episodic cash inflows or liquidity adjustments across quarters.
- Short-term Investments
- Short-term investments were introduced after March 2019 and experienced variability, with values ranging from 13,109 thousand USD in June 30, 2020, to a very significant increase reaching 747,559 thousand USD at March 31, 2024. This trend indicates an increasing allocation toward liquid investments, peaking notably in the latest periods.
- Accounts Receivable, Net
- Accounts receivable showed a consistent and steady increase from 3,939 thousand USD at March 31, 2019, to 124,440 thousand USD at March 31, 2024. This point-to-point growth depicts growing sales on credit or lengthening collection cycles over the time frame.
- Inventory
- Inventory balances rose significantly from 7,014 thousand USD at March 31, 2019, to 111,215 thousand USD by March 31, 2024. The inventory growth paralleled the increase in accounts receivable, which may reflect expanded operations or stockpiling of goods.
- Prepaid Expenses and Other Current Assets
- The prepaid expenses and other current assets category displayed some volatility but a general upward trajectory from 2,508 thousand USD in March 31, 2019, to a peak of 15,210 thousand USD in December 31, 2023, before declining slightly to 10,462 thousand USD at March 31, 2024.
- Current Assets
- Current assets increased steadily from 151,525 thousand USD in March 2019 to 1,275,350 thousand USD in March 2024. This substantial growth reflects overall expansion in the company’s liquid and short-term resources.
- Operating Lease Right-of-Use Assets
- Operating lease right-of-use assets increased from 2,645 thousand USD in March 31, 2019, peaking at 33,107 thousand USD by September 30, 2022, followed by a gradual decrease to 34,919 thousand USD at March 31, 2024. This suggests lease activity that initially grew and then stabilized or started declining slightly.
- Property and Equipment, Net
- Property and equipment demonstrated a notable upward trend from 2,803 thousand USD in March 2019 to 78,693 thousand USD by March 31, 2024, indicating significant investments in fixed assets and infrastructure over the period.
- Equity Method Investment
- The equity method investment appeared starting in later periods, with amounts recorded starting at 6,750 thousand USD, declining gradually to 2,356 thousand USD at March 31, 2024. The declining trend could signal divestitures or impairment recognition in these investments.
- Intangible Assets and Goodwill
- Intangible assets remained relatively steady around 91,000 to 94,700 thousand USD while goodwill stayed near 39,500 thousand USD in recent periods, indicating stability in these long-term asset accounts.
- Deferred Tax Assets
- Deferred tax assets showed some variation but generally increased over time, with values from 97,568 thousand USD in recent years, fluctuating slightly but ending at 111,900 thousand USD at June 30, 2023, suggesting recognition of tax benefits potentially related to operating losses or timing differences.
- Other Assets and Noncurrent Assets
- Other assets gradually increased from 566 thousand USD in March 2019 to 9,001 thousand USD by March 31, 2024. Noncurrent assets overall reflected a marked increase, rising from 6,014 thousand USD in March 2019 to 368,397 thousand USD by March 31, 2024, highlighting long-term asset growth, possibly in response to expansion or capital expenditure activities.
- Total Assets
- Total assets nearly tripled between March 31, 2019 (157,539 thousand USD) and March 31, 2024 (1,643,747 thousand USD), reflecting substantial corporate growth driven by increases in both current and noncurrent assets.