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.
Paying user area
Try for free
Analog Devices Inc. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to FCFF (EV/FCFF)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Total Asset Turnover since 2005
- Analysis of Debt
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Analog Devices Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Analog Devices Inc., consolidated balance sheet: assets (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2026-01-31), 10-K (reporting date: 2025-11-01), 10-Q (reporting date: 2025-08-02), 10-Q (reporting date: 2025-05-03), 10-Q (reporting date: 2025-02-01), 10-K (reporting date: 2024-11-02), 10-Q (reporting date: 2024-08-03), 10-Q (reporting date: 2024-05-04), 10-Q (reporting date: 2024-02-03), 10-K (reporting date: 2023-10-28), 10-Q (reporting date: 2023-07-29), 10-Q (reporting date: 2023-04-29), 10-Q (reporting date: 2023-01-28), 10-K (reporting date: 2022-10-29), 10-Q (reporting date: 2022-07-30), 10-Q (reporting date: 2022-04-30), 10-Q (reporting date: 2022-01-29), 10-K (reporting date: 2021-10-30), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-05-01), 10-Q (reporting date: 2021-01-30), 10-K (reporting date: 2020-10-31), 10-Q (reporting date: 2020-08-01), 10-Q (reporting date: 2020-05-02), 10-Q (reporting date: 2020-02-01).
Analysis of the asset composition reveals significant fluctuations over the observed period, spanning from February 2020 to November 2025. Overall, total assets experienced considerable volatility, particularly marked by a substantial increase in late 2021, followed by a period of stabilization and then a gradual decline through 2024 and into 2025.
- Cash and Cash Equivalents
- Cash and cash equivalents demonstrated a strong upward trend from February 2020 to October 2021, nearly tripling in value. Following this peak, a decline was observed through July 2023, before a resurgence in late 2023 and into May 2024. From August 2024 through November 2025, the balance remained relatively high, fluctuating between approximately $2.3$ billion and $2.9$ billion. This suggests periods of significant cash inflow followed by strategic deployment or investment.
- Short-Term Investments
- Short-term investments were not present in the earlier part of the period. They began to appear in April 2024 and increased substantially, reaching over $1.1$ billion by November 2025. This indicates a shift in strategy towards utilizing short-term investment vehicles, potentially to capitalize on market opportunities or manage liquidity.
- Accounts Receivable
- Accounts receivable generally increased from February 2020 to October 2021, mirroring the overall asset growth. A subsequent decline was observed through early 2023, followed by a period of fluctuation. By November 2025, accounts receivable had decreased to approximately $1.38$ billion, suggesting improved collection efficiency or a change in sales terms. The large increase in October 2021 warrants further investigation.
- Inventories
- Inventories exhibited a steady increase from February 2020 to July 2023, peaking at approximately $1.7$ billion. A moderate decline followed, with inventories stabilizing around $1.6$ billion by November 2025. This pattern could reflect changes in production levels, supply chain dynamics, or inventory management practices.
- Prepaid Expenses and Other Current Assets
- This category showed a consistent increase until October 2021, when it experienced a substantial jump. While fluctuating, it remained elevated through November 2025. The significant increase in October 2021 requires further scrutiny to understand the underlying drivers.
- Current Assets
- Current assets followed a similar trajectory to total assets, with a substantial increase peaking in October 2021, followed by a period of decline and stabilization. The peak in October 2021 was driven by increases in all current asset categories, particularly accounts receivable and prepaid expenses. By November 2025, current assets were approximately $5.8$ billion.
- Non-Current Assets
- Non-current assets, dominated by goodwill and intangible assets, remained relatively stable for the first three years of the period. A significant increase occurred in late 2021, largely attributable to a substantial rise in goodwill. Following this, non-current assets experienced a gradual decline through November 2025, primarily driven by amortization of intangible assets and potentially impairment of goodwill. The large increase in goodwill in 2021 is a key area for further investigation.
- Goodwill
- Goodwill remained largely constant until late 2021, when it increased dramatically. It has remained relatively stable since then, at approximately $26.9$ billion, with a slight decrease to $26.9$ billion in November 2025. This suggests a major acquisition or valuation adjustment occurred around that time.
- Intangible Assets, Net
- Intangible assets experienced a consistent decline throughout the period, decreasing from approximately $4.1$ billion in February 2020 to $8.0$ billion in November 2025. This decline is likely due to ongoing amortization and potential impairment charges.
In summary, the asset base experienced a period of rapid growth followed by stabilization and a gradual decline. The significant fluctuations in cash, accounts receivable, and the substantial changes in goodwill and intangible assets warrant further investigation to understand the underlying business decisions and their impact on the company’s financial position.