Stock Analysis on Net
Stock Analysis on Net

Allergan Inc. (NYSE:AGN.)

This company has been moved to the archive! The financial data has not been updated since February 19, 2015.

Analysis of Property, Plant and Equipment

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Property, Plant and Equipment Disclosure

Allergan Inc., balance sheet: property, plant and equipment

US$ in thousands

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Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Land 71,200 62,200 61,900 58,900 58,900
Buildings 1,066,100 962,800 884,400 816,500 773,600
Machinery and equipment 844,000 784,800 711,300 653,800 614,800
Property, plant and equipment, gross 1,981,300 1,809,800 1,657,600 1,529,200 1,447,300
Accumulated depreciation (975,000) (886,600) (804,700) (722,200) (646,700)
Property, plant and equipment, net 1,006,300 923,200 852,900 807,000 800,600

Based on: 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).

Item Description The company
Property, plant and equipment, gross Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Allergan Inc. property, plant and equipment, gross increased from 2012 to 2013 and from 2013 to 2014.
Property, plant 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. Allergan Inc. property, plant and equipment, net increased from 2012 to 2013 and from 2013 to 2014.

Asset Age Ratios (Summary)

Allergan Inc., asset age ratios

Microsoft Excel
Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Average age ratio 51.04% 50.73% 50.43% 49.12% 46.58%

Based on: 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).

Asset age ratio Description The company
Average age ratio As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Allergan Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2012 to 2013 and from 2013 to 2014.

Average Age

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Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011 Dec 31, 2010
Selected Financial Data (US$ in thousands)
Accumulated depreciation 975,000 886,600 804,700 722,200 646,700
Property, plant and equipment, gross 1,981,300 1,809,800 1,657,600 1,529,200 1,447,300
Land 71,200 62,200 61,900 58,900 58,900
Asset Age Ratio
Average age1 51.04% 50.73% 50.43% 49.12% 46.58%

Based on: 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31).

2014 Calculations

1 Average age = 100 × Accumulated depreciation ÷ (Property, plant and equipment, gross – Land)
= 100 × 975,000 ÷ (1,981,300 – 71,200) = 51.04%

Asset age ratio Description The company
Average age As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Allergan Inc. average age ratio of depreciable property, plant and equipment deteriorated from 2012 to 2013 and from 2013 to 2014.