Stock Analysis on Net
Stock Analysis on Net

Edwards Lifesciences Corp. (NYSE:EW)

This company has been moved to the archive! The financial data has not been updated since February 14, 2022.

Analysis of Property, Plant and Equipment

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Property, Plant and Equipment Disclosure

Edwards Lifesciences Corp., balance sheet: property, plant and equipment

US$ in thousands

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Land 116,500 97,600 98,000 90,700 39,100
Buildings and leasehold improvements 1,010,100 881,500 619,800 497,400 436,800
Machinery and equipment 613,400 564,900 466,300 432,400 393,400
Equipment with customers 39,200 42,200 35,600 41,100 41,000
Software 88,200 94,200 87,900 92,400 93,400
Construction in progress 333,800 313,300 265,000 168,800 88,200
Property, plant, and equipment, cost 2,201,200 1,993,700 1,572,600 1,322,800 1,091,900
Accumulated depreciation (654,600) (598,500) (512,300) (455,300) (412,200)
Property, plant, and equipment, net 1,546,600 1,395,200 1,060,300 867,500 679,700

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Item Description The company
Property, plant, and equipment, cost 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. Edwards Lifesciences Corp. property, plant, and equipment, cost increased from 2019 to 2020 and from 2020 to 2021.
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. Edwards Lifesciences Corp. property, plant, and equipment, net increased from 2019 to 2020 and from 2020 to 2021.

Asset Age Ratios (Summary)

Edwards Lifesciences Corp., asset age ratios

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Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Average age ratio 31.40% 31.56% 34.74% 36.95% 39.15%
Estimated total useful life (years) 16 19 17 16 14
Estimated age, time elapsed since purchase (years) 5 6 6 6 6
Estimated remaining life (years) 11 13 11 10 9

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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. Edwards Lifesciences Corp. average age ratio of depreciable property, plant and equipment improved from 2019 to 2020 and from 2020 to 2021.
Estimated total useful life Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. Edwards Lifesciences Corp. estimated total useful life of depreciable property, plant and equipment increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.
Estimated time elapsed since purchase The approximate age in years of a company fixed assets. Useful for comparison purposes. Edwards Lifesciences Corp. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2019 to 2020 and from 2020 to 2021.
Estimated remaining life Edwards Lifesciences Corp. estimated remaining life of depreciable property, plant and equipment increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.

Average Age

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Accumulated depreciation 654,600 598,500 512,300 455,300 412,200
Property, plant, and equipment, cost 2,201,200 1,993,700 1,572,600 1,322,800 1,091,900
Land 116,500 97,600 98,000 90,700 39,100
Asset Age Ratio
Average age1 31.40% 31.56% 34.74% 36.95% 39.15%

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

2021 Calculations

1 Average age = 100 × Accumulated depreciation ÷ (Property, plant, and equipment, cost – Land)
= 100 × 654,600 ÷ (2,201,200 – 116,500) = 31.40%

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. Edwards Lifesciences Corp. average age ratio of depreciable property, plant and equipment improved from 2019 to 2020 and from 2020 to 2021.

Estimated Total Useful Life

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Property, plant, and equipment, cost 2,201,200 1,993,700 1,572,600 1,322,800 1,091,900
Land 116,500 97,600 98,000 90,700 39,100
Depreciation expense for property, plant, and equipment 127,000 101,800 84,700 74,900 74,100
Asset Age Ratio (Years)
Estimated total useful life1 16 19 17 16 14

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

2021 Calculations

1 Estimated total useful life = (Property, plant, and equipment, cost – Land) ÷ Depreciation expense for property, plant, and equipment
= (2,201,200 – 116,500) ÷ 127,000 = 16

Asset age ratio Description The company
Estimated total useful life Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. Edwards Lifesciences Corp. estimated total useful life of depreciable property, plant and equipment increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.

Estimated Age, Time Elapsed since Purchase

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Accumulated depreciation 654,600 598,500 512,300 455,300 412,200
Depreciation expense for property, plant, and equipment 127,000 101,800 84,700 74,900 74,100
Asset Age Ratio (Years)
Time elapsed since purchase1 5 6 6 6 6

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

2021 Calculations

1 Time elapsed since purchase = Accumulated depreciation ÷ Depreciation expense for property, plant, and equipment
= 654,600 ÷ 127,000 = 5

Asset age ratio Description The company
Estimated time elapsed since purchase The approximate age in years of a company fixed assets. Useful for comparison purposes. Edwards Lifesciences Corp. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2019 to 2020 and from 2020 to 2021.

Estimated Remaining Life

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Selected Financial Data (US$ in thousands)
Property, plant, and equipment, net 1,546,600 1,395,200 1,060,300 867,500 679,700
Land 116,500 97,600 98,000 90,700 39,100
Depreciation expense for property, plant, and equipment 127,000 101,800 84,700 74,900 74,100
Asset Age Ratio (Years)
Estimated remaining life1 11 13 11 10 9

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

2021 Calculations

1 Estimated remaining life = (Property, plant, and equipment, net – Land) ÷ Depreciation expense for property, plant, and equipment
= (1,546,600 – 116,500) ÷ 127,000 = 11

Asset age ratio Description The company
Estimated remaining life Edwards Lifesciences Corp. estimated remaining life of depreciable property, plant and equipment increased from 2019 to 2020 but then decreased significantly from 2020 to 2021.