Edwards Lifesciences Corp., current enterprise value calculation

Current share price (P)	$107.73
No. shares of common stock outstanding	623,207,437
US$ in thousands
Common equity (market value)¹	67,138,137)
Add: Preferred stock, $.01 par value, no shares outstanding (per books)	—)
Total equity	67,138,137)
Add: Short-term debt (per books)	—)
Add: Long-term debt (per books)	595,700)
Total equity and debt	67,733,837)
Less: Cash and cash equivalents	862,800)
Less: Short-term investments	604,000)
Enterprise value (EV)	66,267,037)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 107.73 × 623,207,437

Edwards Lifesciences Corp., EV calculation

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Share price^1, 2	$107.73	$87.65	$76.85	$59.26	$44.61
No. shares of common stock outstanding¹	623,207,437	624,518,873	627,367,734	623,298,987	630,071,124
US$ in thousands
Common equity (market value)³	67,138,137)	54,739,079)	48,213,210)	36,936,698)	28,107,473)
Add: Preferred stock, $.01 par value, no shares outstanding (book value)	—)	—)	—)	—)	—)
Total equity	67,138,137)	54,739,079)	48,213,210)	36,936,698)	28,107,473)
Add: Short-term debt (book value)	—)	—)	—)	—)	598,000)
Add: Long-term debt (book value)	595,700)	595,000)	594,400)	593,800)	438,400)
Total equity and debt	67,733,837)	55,334,079)	48,807,610)	37,530,498)	29,143,873)
Less: Cash and cash equivalents	862,800)	1,183,200)	1,179,100)	714,100)	818,300)
Less: Short-term investments	604,000)	219,400)	337,800)	242,400)	519,200)
Enterprise value (EV)	66,267,037)	53,931,479)	47,290,710)	36,573,998)	27,806,373)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Edwards Lifesciences Corp. Annual Report.

³ 2021 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 107.73 × 623,207,437

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Edwards Lifesciences Corp. EV increased from 2019 to 2020 and from 2020 to 2021.

Edwards Lifesciences Corp. (NYSE:EW)

Enterprise Value (EV)