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AmerisourceBergen Corp  (NYSE:ABC) Cash And Cash Equivalents: $1,311 Mil (As of Jun. 2017)

AmerisourceBergen Corp's quarterly cash and cash equivalents increased from Dec. 2016 ($1,791.13 Mil) to Mar. 2017 ($2,404.43 Mil) but then stayed the same from Mar. 2017 ($2,404.43 Mil) to Jun. 2017 ($1,311.47 Mil).

AmerisourceBergen Corp's annual cash and cash equivalents increased from Sep. 2014 ($1,808.51 Mil) to Sep. 2015 ($2,167.44 Mil) and increased from Sep. 2015 ($2,167.44 Mil) to Sep. 2016 ($2,741.83 Mil).


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

AmerisourceBergen Corp Annual Data

Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Sep16
Cash And Cash Equivalents Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,066.61 1,231.01 1,808.51 2,167.44 2,741.83

AmerisourceBergen Corp Quarterly Data

Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17
Cash And Cash Equivalents Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,865.20 2,741.83 1,791.13 2,404.43 1,311.47

Calculation

Cash and cash equivalents are the most liquid assets on the balance sheet. Cash equivalents are assets that are readily convertible into cash, such as money market holdings, short-term government bonds or Treasury bills, marketable securities and commercial paper.


Explanation

A high number means either:

1) The company has competitive advantage generating lots of cash

2) Just sold a business or bonds (not necessarily good)

A low stockpile of cash usually means poor to mediocre economics.

There are 3 ways to create large cash reserve.

1) Sell new bonds or equity to public

2) Sell business or asset

3) It has an ongoing business generating more cash than it burns (usually means durable competitive advantage)

When a company is suffering a short term problem, Buffett looks at cash or marketable securities to see whether it has the financial strength to ride it out.

Important: Lots of cash and marketable securities + little debt = good chance that the business will sail on through tough times.

Test to see what is creating cash by looking at past 7 yrs of balance sheets. This will reveal how the cash was created.


Be Aware

Depreciation estimates make the calculation of net income susceptible to management's accounting choices. These choices can be either overly aggressive or overly conservative.


Related Terms


Headlines

From the Internet

ABC
Dividend Contenders 39 Increases Expected December 31

- Seekingalpha 2017-10-18 02:12:38

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