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.
Based on: 10-Q (reporting date: 2026-06-27), 10-Q (reporting date: 2026-03-28), 10-K (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-24), 10-Q (reporting date: 2022-06-25), 10-Q (reporting date: 2022-03-26), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27).
Total assets experienced a fundamental shift in the first quarter of 2022, increasing from 12.4 billion US dollars in December 2021 to 66.9 billion US dollars in March 2022. Following this expansion, the asset base maintained a steady upward trajectory, reaching 84.4 billion US dollars by June 2026. This growth is characterized by a transition from a lean asset structure to one dominated by significant intangible assets and a progressively expanding current asset base.
- Current Asset Trends
- Current assets grew consistently from 7.2 billion US dollars in March 2021 to 31.5 billion US dollars by June 2026. A notable acceleration in liquidity is observed in the final year of the period, where short-term investments rose sharply from 1.4 billion US dollars in March 2025 to 8.0 billion US dollars in June 2026. Cash and cash equivalents showed volatility but remained robust, peaking at 6.0 billion US dollars in March 2025. Operational growth is further evidenced by the steady climb in accounts receivable, which reached 7.2 billion US dollars by June 2026, and inventories, which expanded fivefold from 1.6 billion US dollars in early 2021 to 8.4 billion US dollars by June 2026.
- Non-Current Asset Composition
- The non-current asset profile was redefined in March 2022 with the introduction of 23.0 billion US dollars in goodwill and 26.8 billion US dollars in acquisition-related intangibles. While goodwill saw a gradual increase to 25.4 billion US dollars by June 2026, acquisition-related intangibles followed a consistent downward trend due to amortization, declining to 15.6 billion US dollars over the same period. Property and equipment grew steadily from 681 million US dollars in March 2021 to 3.4 billion US dollars in June 2026, indicating sustained investment in physical infrastructure.
- Other Asset Observations
- Other non-current assets demonstrated aggressive growth, rising from 718 million US dollars in March 2021 to 7.9 billion US dollars in June 2026. Additionally, a temporary spike occurred in mid-2025 with the appearance of assets held for sale, peaking at 4.3 billion US dollars in June 2025 before being removed from the balance sheet by the end of the year.
The overall financial trajectory indicates a strategic transition toward a larger operational scale. The balance sheet has shifted from being relatively liquid and low-asset to one characterized by high intangible value and significantly larger working capital requirements, particularly in inventory and receivables, suggesting an increase in production volume and market reach.
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