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.

Amphenol Corp., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Cash and cash equivalents	1,475,000)	1,373,100)	1,197,100)	1,702,000)	891,200)
Short-term investments	185,200)	61,100)	44,300)	36,100)	17,400)
Cash, cash equivalents and short-term investments	1,660,200)	1,434,200)	1,241,400)	1,738,100)	908,600)
Accounts receivable, less allowance for doubtful accounts	2,618,400)	2,631,300)	2,454,800)	1,951,600)	1,736,400)
Inventories	2,167,100)	2,093,600)	1,894,100)	1,462,200)	1,310,100)
Prepaid expenses and other current assets	389,600)	320,000)	367,900)	338,900)	256,100)
Current assets	6,835,300)	6,479,100)	5,958,200)	5,490,800)	4,211,200)
Property, plant and equipment, net	1,314,700)	1,204,300)	1,175,300)	1,054,600)	999,000)
Goodwill	7,092,400)	6,446,100)	6,376,800)	5,032,100)	4,867,100)
Other intangible assets, net	834,800)	734,100)	756,900)	397,500)	442,000)
Other long-term assets	449,200)	462,600)	411,200)	352,300)	296,200)
Long-term assets	9,691,100)	8,847,100)	8,720,200)	6,836,500)	6,604,300)
Total assets	16,526,400)	15,326,200)	14,678,400)	12,327,300)	10,815,500)

Based on: 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), 10-K (reporting date: 2019-12-31).

The analysis of the financial data over the five-year period reveals several notable trends in the company's asset composition and growth.

Liquidity and Cash Management: Cash and cash equivalents have demonstrated a generally increasing trend, rising from $891.2 million in 2019 to $1.475 billion in 2023, despite a dip in 2021. Short-term investments showed significant growth, especially in 2023 where the value increased sharply to $185.2 million from $61.1 million the prior year. Combined cash, cash equivalents, and short-term investments increased steadily from $908.6 million in 2019 to $1.66 billion in 2023, enhancing the company’s liquidity position over the period.
Receivables and Inventory: Accounts receivable have grown consistently with a notable increase from $1.74 billion in 2019 to a peak of $2.63 billion in 2022 before a slight decline to $2.62 billion in 2023. Inventories also exhibit a steady upward trend, rising from $1.31 billion in 2019 to $2.17 billion in 2023. This growth in both receivables and inventories suggests expansion in sales volume and potentially increased inventory stock to meet anticipated demand.
Current Assets: The total current assets increased notably from $4.21 billion in 2019 to $6.84 billion in 2023. This growth reflects the increases in cash, receivables, inventories, and other current assets, indicating improved operational capacity and working capital management.
Fixed and Intangible Assets: Property, plant, and equipment net values have risen steadily from $999 million in 2019 to $1.31 billion in 2023, reflecting ongoing investment in long-term physical assets. Goodwill experienced considerable growth, from $4.87 billion in 2019 to $7.09 billion in 2023, which may indicate acquisitions or expansion efforts. Other intangible assets showed increased values as well, with a large jump in 2021 to $756.9 million and continuing to $834.8 million in 2023. These increments highlight an increasing investment in non-physical assets.
Long-term Assets and Total Assets: Long-term assets have risen from $6.6 billion in 2019 to $9.69 billion in 2023, driven by increases in both fixed and intangible assets. Total assets have expanded from $10.82 billion in 2019 to $16.53 billion in 2023, reflecting a substantial expansion in the company's asset base over the five-year period.

Overall, the data indicate strong asset growth, increased liquidity, expanded asset investment, and potentially strategic acquisitions to enhance long-term value. The company appears to have increased its operational scale and resource base steadily while maintaining a solid liquidity position.

Assets: Selected Items

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Current Assets: Selected Items

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Amphenol Corp. (NYSE:APH)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items