Stock Analysis on Net

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX)

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.

Vertex Pharmaceuticals Inc., consolidated balance sheet: assets

US$ in thousands

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents 4,569,600 10,369,100 10,504,000 6,795,000 5,988,187
Marketable securities 1,546,300 849,200 274,500 729,900 670,710
Accounts receivable, net 1,609,400 1,563,400 1,442,200 1,136,800 885,352
Inventories 1,205,400 738,800 460,600 353,100 280,777
Tax-related prepaid and receivables 357,000 429,000 319,800 358,600 228,600
Prepaid expenses 102,200 108,600 111,800 83,500
Fair value of cash flow hedges 130,100 1,800 47,500 44,500
Other 76,400 84,300 74,400 59,200 79,753
Prepaid expenses and other current assets 665,700 623,700 553,500 545,800 308,353
Current assets 9,596,400 14,144,200 13,234,800 9,560,600 8,133,379
Property and equipment, net 1,227,800 1,159,300 1,108,400 1,094,100 958,534
Goodwill 1,088,000 1,088,000 1,088,000 1,002,200 1,002,158
Other intangible assets, net 825,900 839,900 603,600 400,000 400,000
Deferred tax assets 2,331,100 1,812,100 1,246,900 934,500 882,779
Operating lease assets 1,356,800 293,600 347,400 330,300 325,564
Long-term marketable securities 5,107,900 2,497,800 112,200
Other assets 999,300 895,300 409,600 110,800 49,394
Non-current assets 12,936,800 8,586,000 4,916,100 3,871,900 3,618,429
Total assets 22,533,200 22,730,200 18,150,900 13,432,500 11,751,808

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Vertex Pharmaceuticals Inc. current assets increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Vertex Pharmaceuticals Inc. property and equipment, net increased from 2022 to 2023 and from 2023 to 2024.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Vertex Pharmaceuticals Inc. non-current assets increased from 2022 to 2023 and from 2023 to 2024.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Vertex Pharmaceuticals Inc. total assets increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Vertex Pharmaceuticals Inc. cash and cash equivalents decreased from 2022 to 2023 and from 2023 to 2024.
Marketable securities Amount of investment in marketable security, classified as current. Vertex Pharmaceuticals Inc. marketable securities increased from 2022 to 2023 and from 2023 to 2024.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Vertex Pharmaceuticals Inc. accounts receivable, net increased from 2022 to 2023 and from 2023 to 2024.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Vertex Pharmaceuticals Inc. inventories increased from 2022 to 2023 and from 2023 to 2024.