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.

Balance Sheet: Assets 
Quarterly Data

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.

Edwards Lifesciences Corp., consolidated balance sheet: assets (quarterly data)

US$ in thousands

Microsoft Excel
Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Cash and cash equivalents 862,800 1,506,900 1,312,800 1,174,200 1,183,200 1,024,000 903,500 662,900 1,179,100 1,186,600 726,800 709,200 714,100 1,261,300 1,226,400 1,227,000 818,300 630,300 508,200 819,300
Short-term investments 604,000 287,800 248,400 156,400 219,400 271,300 260,300 368,200 337,800 170,300 207,500 253,800 242,400 334,400 174,400 272,300 519,200 772,500 623,600 98,900
Accounts receivable, net of allowances 582,200 600,600 640,500 586,600 514,600 549,700
Other receivables 82,700 63,600 59,800 77,700 88,200 122,000
Accounts and other receivables, net of allowances (legacy) 567,900 585,100 599,100 570,000 609,600 578,000 537,300 530,100 520,100 446,800 462,200 475,000 510,700 510,200
Inventories 726,700 737,800 759,500 767,900 802,300 773,300 735,100 662,200 640,900 611,100 624,900 630,900 607,000 583,800 568,100 573,900 554,900 538,400 491,600 431,400
Prepaid expenses 85,200 76,900 68,600 77,300 75,100 68,600 57,300 65,800 59,100 57,300 55,700 55,400 54,300 52,600 69,900 78,000 60,600 52,800 54,100 53,000
Other current assets 237,100 241,900 233,300 229,100 208,200 171,500 166,200 163,700 168,000 144,400 130,200 141,500 131,800 150,400 137,100 118,900 116,900 97,400 95,200 105,600
Current assets 3,180,700 3,515,500 3,322,900 3,069,200 3,091,000 2,980,400 2,690,300 2,507,900 2,984,000 2,739,700 2,354,700 2,368,800 2,286,900 2,912,600 2,696,000 2,716,900 2,532,100 2,566,400 2,283,400 2,018,400
Long-term investments 1,834,200 1,282,000 1,014,200 802,200 801,600 599,000 594,400 587,800 585,500 386,000 412,900 453,700 506,300 479,000 470,400 532,100 567,000 567,500 551,500 519,000
Property, plant, and equipment, net 1,546,600 1,464,600 1,445,800 1,417,900 1,395,200 1,276,300 1,195,600 1,100,600 1,060,300 973,600 931,100 892,200 867,500 826,100 770,200 711,600 679,700 649,600 627,900 588,800
Operating lease right-of-use assets 92,100 84,800 84,600 88,500 94,200 89,500 84,700 75,500 80,100 73,300 71,200 69,900
Goodwill 1,167,900 1,170,400 1,171,800 1,170,800 1,173,200 1,170,000 1,167,700 1,166,200 1,167,700 1,156,600 1,173,900 1,103,400 1,112,200 1,122,300 1,118,600 1,144,800 1,126,500 980,500 965,100 945,200
Other intangible assets, net 323,600 325,300 327,000 330,300 331,400 332,400 333,500 334,800 336,500 381,100 385,600 341,300 343,200 467,900 466,000 480,500 468,000 414,900 408,600 402,100
Deferred income taxes 246,700 184,000 190,500 209,300 230,900 215,200 204,100 158,000 172,200 155,800 163,800 164,500 174,000 115,100 130,100 181,400 213,600 197,100 185,200 179,100
Other assets 110,800 133,700 105,300 125,500 119,600 138,000 153,800 145,300 101,800 100,200 80,300 75,500 33,600 35,200 34,800 57,800 108,900 112,400 116,800 127,800
Long-term assets 5,321,900 4,644,800 4,339,200 4,144,500 4,146,100 3,820,400 3,733,800 3,568,200 3,504,100 3,226,600 3,218,800 3,100,500 3,036,800 3,045,600 2,990,100 3,108,200 3,163,700 2,922,000 2,855,100 2,762,000
Total assets 8,502,600 8,160,300 7,662,100 7,213,700 7,237,100 6,800,800 6,424,100 6,076,100 6,488,100 5,966,300 5,573,500 5,469,300 5,323,700 5,958,200 5,686,100 5,825,100 5,695,800 5,488,400 5,138,500 4,780,400

Based on: 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).


Cash and cash equivalents
The cash and cash equivalents values demonstrate a volatile pattern throughout the observed periods. Initially, there is a decline from US$819.3 million in March 2017 to US$508.2 million in June 2017, followed by fluctuations that culminate in a peak of approximately US$1.26 billion in September 2018. Post this peak, the value generally decreases until a trough around March 2020 (US$662.9 million). From this point onward, it rises again, reaching a high of US$1.5 billion in September 2021 before sharply dropping to US$862.8 million by December 2021.
Short-term investments
Short-term investments present significant variation without a consistent trend. Starting at US$98.9 million in March 2017, they rise sharply to US$623.6 million by June 2017 and US$772.5 million in September 2017. Thereafter, they decline somewhat erratically until a low of US$174.4 million in June 2018. The amount fluctuates modestly between US$200 million and US$370 million up to December 2020, before strong growth resumes in 2021, culminating in a peak of US$604 million by December 2021.
Accounts receivable, net of allowances
Data for this item is only available from March 2020 onward, showing rising values from US$549.7 million at the start to US$640.5 million in December 2020, followed by slight fluctuations. By December 2021, it stands at US$582.2 million. This suggests a relative stabilization or slight fall towards the end of the period.
Other receivables
Availability is limited to the period after March 2020. The balances show a downward trend from US$122 million in March 2020 to US$59.8 million in December 2020, followed by modest recovery toward the end of 2021, reaching US$82.7 million as of December.
Accounts and other receivables, net of allowances (legacy)
This category shows a general decline from US$510.2 million in March 2017 to US$567.9 million by June 2020. The data series ends thereafter, suggesting either a reclassification or discontinuation. Overall, values maintain a stable range around US$450 million to US$600 million.
Inventories
Inventory levels increase steadily over the entire span, from US$431.4 million in March 2017 to a peak of US$802.3 million in December 2020, followed by a moderate decline in 2021, ending at US$726.7 million. This indicates an expansion in stock holdings, possibly due to business growth or strategic stockpiling.
Prepaid expenses
Prepaid expenses modestly increase across time, beginning at US$53 million in March 2017, with a small dip and recovery between 2018 and early 2019, reaching a maximum of US$85.2 million by December 2021. The general upward trend suggests growing upfront payments or service prepayments.
Other current assets
This item shows a trend of gradual increase, moving from approximately US$105.6 million in March 2017 to US$237.1 million by December 2021, suggesting expansion or accumulation in miscellaneous current assets over the period.
Current assets
Overall current assets show significant growth from US$2.02 billion in March 2017 to peaks exceeding US$3.5 billion in late 2021. The trend is generally upward with periodic fluctuations, indicating growing liquidity and short-term resources.
Long-term investments
Long-term investments fluctuate considerably, starting at US$519 million in March 2017, dipping to approximately US$386 million in late 2019, but then escalating sharply to reach US$1.83 billion by December 2021. This reflects a strategic shift toward increasing long-term investment holdings in recent years.
Property, plant, and equipment, net
The net value of property, plant, and equipment consistently increases throughout the period, growing from US$588.8 million in March 2017 to US$1.55 billion by December 2021, highlighting ongoing capital investments and asset base expansion.
Operating lease right-of-use assets
Data for operating lease ROU assets is only available commencing late 2018 (US$69.9 million) and shows a moderate increase through 2021, reaching approximately US$92.1 million by the end of 2021. This likely reflects the adoption of updated leasing accounting standards and an increase in leased assets.
Goodwill
Goodwill remains relatively stable, starting at US$945.2 million in March 2017, rising steadily to about US$1.16 billion by 2019, and maintaining this level with minor fluctuations around US$1.17 billion through to the end of 2021. This suggests stable acquisition activity or impairment management.
Other intangible assets, net
Other intangible assets exhibit a declining trend, decreasing from US$402.1 million in March 2017 to US$323.6 million by December 2021, reflecting amortization or impairment of intangible assets over time.
Deferred income taxes
Deferred income taxes demonstrate fluctuations with no clear trend. Starting at approximately US$179.1 million in early 2017, figures dip mid-period before increasing again in recent years, reaching US$246.7 million by December 2021. The variability may be influenced by tax planning or timing differences.
Other assets
Other assets generally remain in the range of approximately US$34.8 million to US$145.3 million, with a notable increase in early 2020 followed by varying amounts and generally moderate fluctuations through 2021. This suggests episodic changes in miscellaneous asset categories.
Long-term assets
The total of long-term assets increases steadily from US$2.76 billion in March 2017 to over US$5.32 billion in December 2021. This indicates substantial growth in the company’s capital and noncurrent asset base across multiple categories.
Total assets
Total assets also show a consistent upward trajectory, climbing from US$4.78 billion in March 2017 to US$8.5 billion by December 2021. Despite some quarter-to-quarter fluctuations, the overall expansion reflects significant asset growth and accumulation over the period.

Assets: Selected Items


Current Assets: Selected Items