Procter & Gamble Co. (PG) | Statement of Financial Position, Assets

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The statement of financial position provides creditors, investors, and analysts with information on company's resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company's 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.

Procter & Gamble Co., Consolidated Statement of Financial Position, Assets

USD $ in millions

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    Jun 30, 2011 Jun 30, 2010 Jun 30, 2009 Jun 30, 2008 Jun 30, 2007 Jun 30, 2006
chart Cash and cash equivalents 2,768  2,879  4,781  3,313  5,354  6,693 
chart Investment securities – – – 228  202  1,133 
chart Accounts receivable 6,275  5,335  5,836  6,761  6,629  5,725 
chart Inventories 7,379  6,384  6,880  8,416  6,819  6,291 
chart Deferred income taxes 1,140  990  1,209  2,012  1,727  1,611 
chart Prepaid expenses and other current assets 4,408  3,194  3,199  3,785  3,300  2,876 
chart Current assets 21,970  18,782  21,905  24,515  24,031  24,329 
chart Net property, plant and equipment 21,293  19,244  19,462  20,640  19,540  18,770 
chart Goodwill 57,562  54,012  56,512  59,767  56,552  55,306 
chart Trademarks and other intangible assets, net 32,620  31,636  32,606  34,233  33,626  33,721 
chart Net goodwill and other intangible assets 90,182  85,648  89,118  94,000  90,178  89,027 
chart Other noncurrent assets 4,909  4,498  4,348  4,837  4,265  3,569 
chart Noncurrent assets 116,384  109,390  112,928  119,477  113,983  111,366 
chart Total assets 138,354  128,172  134,833  143,992  138,014  135,695 
Source: Procter & Gamble Co., Annual Reports
Item Description The company
Cash and cash equivalents Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Compensating balance arrangements that do not legally restrict the withdrawal or usage of cash amounts may be reported as Cash and Cash Equivalents, while legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits should not be reported as cash and cash equivalents. Procter & Gamble Co.'s cash and cash equivalents declined from 2009 to 2010 and from 2010 to 2011.
Investment securities Total debt and equity financial instruments including: (1) securities held-to-maturity, (2) trading securities, and (3) securities available-for-sale which are intended to be held for less than one year or the normal operating cycle, whichever is longer.
Accounts receivable 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. Procter & Gamble Co.'s accounts receivable declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
Inventories Carrying amount (lower of cost or market) as of the balance sheet date of inventories less all valuation and other allowances. Excludes noncurrent inventory balances (expected to remain on hand past one year or one operating cycle, if longer). Procter & Gamble Co.'s inventories declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
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. Procter & Gamble Co.'s current assets declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
Net property, plant and equipment Tangible assets that are held by an entity for use in the production or supply of goods and services, for rental to others, or for administrative purposes and that are expected to provide economic benefit for more than one year; net of accumulated depreciation. Examples include land, buildings, and production equipment. Procter & Gamble Co.'s net property, plant and equipment declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
Noncurrent 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. Procter & Gamble Co.'s noncurrent assets declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.
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. Procter & Gamble Co.'s total assets declined from 2009 to 2010 but then increased from 2010 to 2011 exceeding 2009 level.

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