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 
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.

Hubbell Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 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
Cash and cash equivalents 572,800 492,600 429,800 440,500 366,900 424,200 359,000 286,200 257,900 265,400 433,800 259,600 269,200 485,000 300,000 182,000 300,000 209,900 205,300 189,000 228,800 195,100 216,300
Short-term investments 17,900 16,200 17,000 14,300 12,500 13,900 12,400 9,400 9,900 12,600 10,200 9,300 9,000 9,900 13,500 14,200 11,300 10,500 9,500 9,200 11,200 10,200 15,500
Accounts receivable, net of allowances 852,900 811,200 778,300 741,600 800,500 780,500 777,900 675,300 798,300 762,300 703,100 634,700 711,400 644,100 707,700 683,000 787,100 785,500 716,200 725,400 788,200 779,700 704,000
Inventories, net 788,400 794,100 779,600 740,700 739,000 719,500 708,800 662,100 700,700 638,300 616,400 607,300 584,900 604,200 595,700 633,000 662,000 661,900 663,000 651,000 672,500 686,700 714,300
Other current assets 86,400 91,700 94,000 84,300 75,600 96,100 69,000 66,800 66,400 66,500 64,000 76,700 65,900 50,400 58,100 62,000 49,500 61,200 56,600 69,100 59,400 64,200 70,700
Assets held for sale, current 179,500
Current assets 2,318,400 2,205,800 2,098,700 2,021,400 1,994,500 2,034,200 1,927,100 1,879,300 1,833,200 1,745,100 1,827,500 1,587,600 1,640,400 1,793,600 1,675,000 1,574,200 1,809,900 1,729,000 1,650,600 1,643,700 1,760,100 1,735,900 1,720,800
Property, plant, and equipment, net 572,200 557,500 539,000 528,000 478,500 464,800 460,400 459,500 521,200 518,700 516,700 519,200 485,300 489,100 495,500 505,200 497,600 509,300 504,500 502,100 499,500 496,300 494,900
Investments 61,600 69,600 66,100 65,900 66,600 71,900 72,900 69,100 72,100 69,700 69,600 71,100 60,400 54,300 53,200 55,700 50,000 56,900 57,500 56,300 61,200 57,300 56,500
Goodwill 1,994,700 1,998,800 1,976,100 1,970,500 1,948,800 1,859,400 1,870,600 1,871,300 1,922,600 1,922,900 1,924,400 1,923,300 1,813,400 1,808,700 1,807,100 1,811,800 1,781,400 1,784,900 1,786,800 1,784,400 1,766,400 1,759,700 1,760,100
Other intangible assets, net 644,700 664,400 652,900 669,900 690,300 644,100 664,200 681,500 738,000 758,300 786,000 810,600 724,000 740,700 758,800 781,500 765,000 783,800 802,100 819,500 847,300 865,600 889,500
Other long-term assets 176,700 144,800 148,000 146,900 159,700 163,800 174,500 143,700 154,600 158,100 168,700 173,300 153,600 172,300 169,500 174,600 170,400 172,100 174,600 66,100 63,000 56,300 53,600
Assets held for sale, non-current 177,100
Other assets 2,877,700 2,877,600 2,843,100 2,853,200 2,865,400 2,739,200 2,782,200 2,942,700 2,887,300 2,909,000 2,948,700 2,978,300 2,751,400 2,776,000 2,788,600 2,823,600 2,766,800 2,797,700 2,821,000 2,726,300 2,737,900 2,738,900 2,759,700
Long-term assets 3,449,900 3,435,100 3,382,100 3,381,200 3,343,900 3,204,000 3,242,600 3,402,200 3,408,500 3,427,700 3,465,400 3,497,500 3,236,700 3,265,100 3,284,100 3,328,800 3,264,400 3,307,000 3,325,500 3,228,400 3,237,400 3,235,200 3,254,600
Total assets 5,768,300 5,640,900 5,480,800 5,402,600 5,338,400 5,238,200 5,169,700 5,281,500 5,241,700 5,172,800 5,292,900 5,085,100 4,877,100 5,058,700 4,959,100 4,903,000 5,074,300 5,036,000 4,976,100 4,872,100 4,997,500 4,971,100 4,975,400

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 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).


The financial data reveals a series of fluctuations and overall trends in the company's liquidity, asset composition, and total asset base over the examined periods.

Cash and Cash Equivalents
Cash and cash equivalents exhibited significant variability across the quarters, with notable peaks in June 2020 reaching 485,000 thousand USD and a subsequent highest recorded value of 572,800 thousand USD in September 2023. The values demonstrate a recurring pattern of increases followed by declines, reflecting dynamic management of liquid assets or possible operational cash flow variations.
Short-term Investments
Short-term investments remained relatively stable, ranging predominantly between 9,000 and 17,900 thousand USD. There is no clear directional trend, although there are occasional increments indicating periodic adjustments to the short-term investment portfolio.
Accounts Receivable, Net
Accounts receivable showed modest growth over time, increasing from 704,000 thousand USD in March 2018 to 852,900 thousand USD by September 2023. There were some fluctuations, with a noticeable decline around mid-2020, possibly attributable to market conditions or sales performance variation. Overall, the trend suggests an increasing extension of credit or sales on account.
Inventories, Net
Inventory levels initially declined from 714,300 thousand USD in March 2018 to a low near 584,900 thousand USD in September 2020, indicative of inventory optimization or demand-driven drawdowns. From late 2020 onward, inventories increased steadily reaching around 788,400 thousand USD in September 2023, reflecting buildup likely linked to increased production or anticipated demand.
Other Current Assets
Other current assets exhibited fluctuations without a clear continuous trend. Values ranged mostly between approximately 49,500 and 96,100 thousand USD, with spikes observed in mid-2022 and beyond, which may relate to timing differences in receivables, prepaid expenses, or other short-term assets.
Assets Held for Sale (Current and Non-current)
There is a record of assets held for sale in 2022 with a one-time current value of 179,500 thousand USD and non-current value of 177,100 thousand USD. These sales-related assets indicate divestiture activities during that period, which may have impacted total asset composition.
Current Assets
Current assets displayed a general upward trend post-2019, moving from a low of 1,574,200 thousand USD in December 2019 to 2,318,400 thousand USD by September 2023. This increase reflects growth in liquid and near-liquid assets, supporting improved short-term financial flexibility.
Property, Plant, and Equipment, Net
Property, plant, and equipment showed mixed movements, with a slight decline from about 494,900 thousand USD in early 2018 to a low near 459,500 thousand USD in March 2021, followed by a significant uptrend to 572,200 thousand USD by September 2023. This pattern may indicate depreciations and asset retirements prior to renewed capital investments or asset acquisitions.
Investments
Long-term investments remained relatively stable with minor fluctuations, generally centered in the range of 50,000 to 72,100 thousand USD. No distinct growth or decline trend is apparent.
Goodwill
Goodwill remained fairly stable through much of the period averaging roughly 1,800,000 thousand USD, with a gradual increase towards the end reaching around 1,994,700 thousand USD in September 2023. This suggests maintained or expanded intangible assets from acquisitions or business combinations.
Other Intangible Assets, Net
Other intangible assets declined from 889,500 thousand USD in early 2018 to a low near 644,700 thousand USD by September 2023, suggesting amortization over time or impairment charges affecting intangible asset values.
Other Long-Term Assets
Other long-term assets showed some volatility, with values ranging from approximately 143,700 to 176,700 thousand USD. No clear directional trend is evident, reflecting possible reclassifications or market valuation changes.
Other Assets and Long-Term Assets
Other assets and total long-term assets generally remained consistent with slight declines post-2018, followed by modest recovery. Long-term assets decreased from roughly 3,255,600 thousand USD in early 2019 to about 3,249,900 thousand USD in late 2023, indicating a relatively stable asset base despite fluctuations.
Total Assets
Total assets fluctuated over the period, with dips around 2018 and 2019 down to approximately 4,872,100 thousand USD, followed by an upward trajectory reaching about 5,768,300 thousand USD by September 2023. This reflects the combined effect of changes in current and long-term assets and suggests overall asset growth and potential expansion.

In summary, the data portrays a company experiencing dynamic liquid asset management, steady growth in receivables and inventories starting in 2021, and investment in fixed assets in recent years. Intangible assets such as goodwill remain stable or slightly increasing, whereas other intangibles show amortization effects. The total asset base exhibits growth, implying expansion or accumulation of resources over the evaluated timeframe.


Assets: Selected Items


Current Assets: Selected Items