Stock Analysis on Net

Hubbell Inc. (NYSE:HUBB)

This company has been moved to the archive! The financial data has not been updated since November 1, 2023.

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.

Hubbell Inc., consolidated balance sheet: assets

US$ in thousands

Microsoft Excel
Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018
Cash and cash equivalents 440,500 286,200 259,600 182,000 189,000
Short-term investments 14,300 9,400 9,300 14,200 9,200
Accounts receivable, net of allowances 741,600 675,300 634,700 683,000 725,400
Inventories, net 740,700 662,100 607,300 633,000 651,000
Other current assets 84,300 66,800 76,700 62,000 69,100
Assets held for sale, current 179,500
Current assets 2,021,400 1,879,300 1,587,600 1,574,200 1,643,700
Property, plant, and equipment, net 528,000 459,500 519,200 505,200 502,100
Investments 65,900 69,100 71,100 55,700 56,300
Goodwill 1,970,500 1,871,300 1,923,300 1,811,800 1,784,400
Other intangible assets, net 669,900 681,500 810,600 781,500 819,500
Other long-term assets 146,900 143,700 173,300 174,600 66,100
Assets held for sale, non-current 177,100
Other assets 2,853,200 2,942,700 2,978,300 2,823,600 2,726,300
Long-term assets 3,381,200 3,402,200 3,497,500 3,328,800 3,228,400
Total assets 5,402,600 5,281,500 5,085,100 4,903,000 4,872,100

Based on: 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), 10-K (reporting date: 2018-12-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Hubbell Inc. current assets increased from 2020 to 2021 and from 2021 to 2022.
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. Hubbell Inc. property, plant, and equipment, net decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Hubbell Inc. long-term assets decreased from 2020 to 2021 and from 2021 to 2022.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Hubbell Inc. total assets increased from 2020 to 2021 and from 2021 to 2022.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Hubbell Inc. cash and cash equivalents increased from 2020 to 2021 and from 2021 to 2022.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Hubbell Inc. short-term investments increased from 2020 to 2021 and from 2021 to 2022.
Accounts receivable, net of allowances Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Hubbell Inc. accounts receivable, net of allowances increased from 2020 to 2021 and from 2021 to 2022.
Inventories, net Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Hubbell Inc. inventories, net increased from 2020 to 2021 and from 2021 to 2022.