Stock Analysis on Net
Stock Analysis on Net

EMC Corp. (NYSE:EMC)

This company has been moved to the archive! The financial data has not been updated since August 8, 2016.

Common-Size Balance Sheet: Assets 

EMC Corp., common-size consolidated balance sheet: assets

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Dec 31, 2015 Dec 31, 2014 Dec 31, 2013 Dec 31, 2012 Dec 31, 2011
Cash and cash equivalents 14.05 13.82 17.21 12.49 13.22
Short-term investments 5.85 4.31 6.05 3.71 5.21
Accounts and notes receivable, less allowance for doubtful accounts 8.53 9.62 8.42 9.02 8.57
Inventories 2.67 2.78 2.91 3.15 2.95
Deferred income taxes 0.00 2.33 1.99 2.47 2.14
Other current assets 1.21 1.42 1.11 1.22 1.70
Current assets 32.32% 34.29% 37.68% 32.07% 33.80%
Long-term investments 11.82 13.80 15.10 13.73 13.20
Property, plant and equipment, net 8.26 8.21 7.59 8.26 8.27
Intangible assets, net 4.61 4.63 3.88 5.35 5.15
Goodwill 36.66 35.16 31.46 36.35 35.47
Deferred income taxes 2.50 0.34 0.29 0.17 0.00
Other assets, net 3.84 3.57 4.00 4.06 4.10
Noncurrent assets 67.68% 65.71% 62.32% 67.93% 66.20%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2015-12-31), 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).

The analysis of the annual financial data reveals several notable trends and shifts in the composition of assets over the period from December 31, 2011, to December 31, 2015.

Cash and Cash Equivalents
This category showed moderate fluctuations, starting at 13.22% of total assets in 2011, decreasing slightly in 2012 to 12.49%, then rising to a peak of 17.21% in 2013. Following this peak, it declined again in 2014 to 13.82%, and increased marginally to 14.05% in 2015. The 2013 peak suggests a temporary increase in liquidity during that year.
Short-term Investments
Short-term investments exhibited variability, dropping from 5.21% in 2011 to 3.71% in 2012, then rising sharply to 6.05% in 2013. Afterward, the percentage decreased to 4.31% in 2014 and rose again to 5.85% in 2015. These fluctuations indicate varying management decisions regarding short-term asset allocation.
Accounts and Notes Receivable
This item maintained relative stability, with values ranging from 8.42% to 9.62% during the period. It peaked in 2014 at 9.62%, suggesting an increase in credit sales or extended receivables collection during that year, before declining back to 8.53% in 2015.
Inventories
Inventories as a percentage of total assets showed a slight declining trend, starting at 2.95% in 2011 and decreasing gradually to 2.67% in 2015. This steady reduction may indicate improved inventory management or a strategic shift away from inventory-heavy operations.
Deferred Income Taxes (Current)
Current deferred income taxes began at 2.14% in 2011, increased to 2.47% in 2012, then declined sharply to 1.99% in 2013. It recovered somewhat in 2014 to 2.33%, with data missing for 2015. The variability suggests fluctuations in timing differences affecting taxable income.
Other Current Assets
Other current assets decreased from 1.7% in 2011 to 1.22% in 2012 and 1.11% in 2013, before rising slightly to 1.42% in 2014. In 2015, it decreased again to 1.21%, indicating minor volatility in miscellaneous current assets.
Current Assets
Collectively, current assets as a proportion of total assets ranged from 32.07% to 37.68%. The peak in 2013 at 37.68% corresponds with the increased cash and short-term investments noted earlier, followed by a gradual decrease to 32.32% in 2015.
Long-term Investments
Long-term investments showed a decline from 13.20% in 2011 to 11.82% in 2015, reaching a high of 15.10% in 2013. This decline after 2013 may indicate divestitures or declines in longer-term investment holdings.
Property, Plant and Equipment, Net
This asset class remained fairly stable, with minor variations between 7.59% and 8.27% throughout the five years, suggesting consistent investment and maintenance in physical assets.
Intangible Assets, Net
Intangible assets decreased notably from 5.15% in 2011 to 3.88% in 2013, followed by a partial recovery to around 4.6% in 2014 and 2015. The dip may reflect amortization or impairment events during the early years.
Goodwill
Goodwill accounted for the largest proportion among the assets, hovering above 30% during the entire period. It decreased from 35.47% in 2011 to 31.46% in 2013, but then increased again, reaching a peak of 36.66% in 2015. This pattern could reflect acquisition activities, impairment charges, or revaluations occurring during the timeframe.
Deferred Income Taxes (Noncurrent)
Noncurrent deferred income taxes appeared starting in 2012 at 0.17%, growing steadily to 2.50% in 2015. This increase indicates the recognition or growth of timing differences with longer-term tax implications.
Other Assets, Net
Other noncurrent assets exhibited a slight decline from 4.10% in 2011 to 3.57% in 2014, followed by a minor increase to 3.84% in 2015, demonstrating relative stability in residual asset categories.
Noncurrent Assets
Noncurrent assets as a whole ranged between 62.32% and 67.93%, with the lowest point in 2013. The upwards trend from 2013 to 2015 indicates a gradual shift toward long-term asset holdings in the overall asset mix.
Total Assets
The total assets consistently summed to 100%, serving as a base for relative comparison of all asset categories.