Edwards Lifesciences Corp
For the period ended Mar 31, 2024. Filed Apr 29, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 29, 2024
EW$104.01-0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Condensed Balance Sheets
(in millions, except par value; unaudited)
| March 31,2024 | December 31,2023 | |
|---|---|---|
| ASSETS | ||
| Current assets | ||
| Cash and cash equivalents | $1,224.6 | $1,144.0 |
| Short-term investments (Note 5) | 473.0 | 500.5 |
| Accounts receivable, net of allowances of $13.5 and $8.3, respectively | 817.6 | 775.1 |
| Other receivables | 59.3 | 61.8 |
| Inventories (Note 2) | 1,207.3 | 1,168.2 |
| Prepaid expenses | 138.1 | 146.8 |
| Other current assets | 250.6 | 239.3 |
| Total current assets | 4,170.5 | 4,035.7 |
| Long-term investments (Note 5) | 455.6 | 583.9 |
| Property, plant, and equipment, net | 1,767.9 | 1,749.4 |
| Operating lease right-of-use assets | 98.4 | 94.0 |
| Goodwill | 1,252.8 | 1,253.5 |
| Other intangible assets, net | 446.8 | 428.4 |
| Deferred income taxes | 776.7 | 754.6 |
| Other assets (Note 2) | 767.6 | 463.7 |
| Total assets | $9,736.3 | $9,363.2 |
| LIABILITIES AND STOCKHOLDERS' EQUITY | ||
| Current liabilities | ||
| Accounts payable | $212.3 | $201.4 |
| Accrued and other liabilities (Note 2) | 873.7 | 969.1 |
| Operating lease liabilities | 24.8 | 24.9 |
| Total current liabilities | 1,110.8 | 1,195.4 |
| Long-term debt | 597.2 | 597.0 |
| Taxes payable | 79.6 | 80.6 |
| Operating lease liabilities | 77.2 | 73.0 |
| Uncertain tax positions | 336.6 | 339.3 |
| Litigation settlement accrual | 82.0 | 94.2 |
| Other liabilities | 266.5 | 264.3 |
| Total liabilities | 2,549.9 | 2,643.8 |
| Commitments and contingencies (Note 11) | ||
| Stockholders' equity | ||
| Preferred stock, $0.01 par value, authorized 50.0 shares, no shares outstanding | — | — |
| Common stock, $1.00 par value, 1,050.0 shares authorized, 651.8 and 650.5 shares issued, and 602.4 and 601.1 shares outstanding, respectively | 651.8 | 650.5 |
| Additional paid-in capital | 2,379.8 | 2,274.4 |
| Retained earnings | 9,344.3 | 8,992.4 |
| Accumulated other comprehensive loss (Note 12) | (233.3) | (242.8) |
| Treasury stock, at cost, 49.4 and 49.4 shares, respectively | (5,024.7) | (5,024.5) |
| Total Edwards Lifesciences Corporation stockholders' equity | 7,117.9 | 6,650.0 |
| Noncontrolling interest | 68.5 | 69.4 |
| Total stockholders' equity | 7,186.4 | 6,719.4 |
| Total liabilities and equity | $9,736.3 | $9,363.2 |
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