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.

Alphabet Inc., Consolidated Statement of Financial Position, Assets

USD $ in millions

 
Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014 Dec 31, 2013
Cash and cash equivalents 10,715  12,918  16,549  18,347  18,898 
Marketable securities 91,156  73,415  56,517  46,048  39,819 
Cash, cash equivalents, and marketable securities 101,871  86,333  73,066  64,395  58,717 
Accounts receivable, net of allowance 18,336  14,137  11,556  9,383  8,882 
Receivable under reverse repurchase agreements 450  875  100 
Deferred income taxes 1,322  1,526 
Income taxes receivable, net 369  95  1,903  1,298  408 
Inventory 749  268  491 
Other current assets 2,983  4,575  2,648  3,412  3,253 
Current assets 124,308  105,408  90,114  80,685  72,886 
Non-marketable investments 7,813  5,878  5,183  3,079  1,976 
Deferred income taxes 680  383  251 
Property and equipment, net 42,383  34,234  29,016  23,883  16,524 
Intangible assets, net 2,692  3,307  3,847  4,607  6,066 
Goodwill 16,747  16,468  15,869  15,599  11,492 
Other non-current assets 2,672  1,819  3,181  3,280  1,976 
Non-current assets 72,987  62,089  57,347  50,448  38,034 
Total assets 197,295  167,497  147,461  131,133  110,920 
Source: Alphabet Inc., 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. Alphabet Inc.'s cash and cash equivalents declined from 2015 to 2016 and from 2016 to 2017.
Marketable 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. Alphabet Inc.'s marketable securities increased from 2015 to 2016 and from 2016 to 2017.
Accounts receivable, net of allowance 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. Alphabet Inc.'s accounts receivable, net of allowance increased from 2015 to 2016 and from 2016 to 2017.
Inventory 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). Alphabet Inc.'s inventory declined from 2015 to 2016 but then increased from 2016 to 2017 exceeding 2015 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. Alphabet Inc.'s current assets increased from 2015 to 2016 and from 2016 to 2017.
Property and equipment, net 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. Alphabet Inc.'s property and equipment, net increased from 2015 to 2016 and from 2016 to 2017.
Non-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 after one year or beyond the normal operating cycle, if longer. Alphabet Inc.'s non-current assets increased from 2015 to 2016 and from 2016 to 2017.
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. Alphabet Inc.'s total assets increased from 2015 to 2016 and from 2016 to 2017.

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