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: 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), 10-K (reporting date: 2019-11-02), 10-Q (reporting date: 2019-08-03), 10-Q (reporting date: 2019-05-04), 10-Q (reporting date: 2019-02-02).
- Cash and cash equivalents
- The cash and cash equivalents show a general upward trend, increasing from approximately 606 million USD in early 2019 to around 2.3 billion USD by mid-2025. Notable spikes occur around mid-2021 and continue with fluctuations thereafter, indicating an overall strengthening liquidity position over the period.
- Short-term investments
- Data on short-term investments are sparse, with values only appearing from early 2024 onwards. In this period, values rose from about 424 million USD to over 1.1 billion USD, indicating a growing allocation of liquid resources into short-term investment vehicles.
- Accounts receivable
- Accounts receivable exhibit volatility across the timeline, starting at around 714 million USD in early 2019, peaking at over 1.8 billion USD in early 2021, and then declining again with fluctuations. By mid-2025, the balance is approximately 1.55 billion USD, reflecting variability in credit sales or collection efficiency.
- Inventories
- Inventories steadily increased from approximately 593 million USD in early 2019 to a peak near 1.7 billion USD in late 2023. After this peak, inventory levels show a slight decrease and then a moderate rebound, suggesting adjustments in stock management or demand forecasts during this timeframe.
- Prepaid expenses and other current assets
- This category shows considerable volatility, with a notable spike from mid-2020 to early 2022, where values jumped from about 100 million USD to over 700 million USD, before stabilizing around 300 million USD in subsequent periods. This suggests changes in prepaid cost recognition or current asset classifications during this interval.
- Current assets
- Current assets exhibit strong growth over the timeline, nearly tripling from approximately 1.98 billion USD in early 2019 to over 5.7 billion USD in early 2025. This increase supports the notion of improved liquidity and working capital availability over the analyzed periods.
- Net property, plant and equipment (PP&E)
- Net PP&E shows modest declines in the early periods, approximately from 1.18 billion USD to 1.13 billion USD through 2020, followed by a marked increase to over 3.3 billion USD by early 2025. This reflects increased capital investment or asset revaluation activity in recent years.
- Goodwill
- Goodwill remains largely stable at around 12.25 billion USD through late 2021 but then jumps significantly to approximately 26.9 billion USD, maintaining that elevated level through 2025. This substantial increase may indicate an acquisition or reassessment of intangible asset values.
- Intangible assets, net
- Intangible assets decrease steadily from about 4.63 billion USD in early 2019 to approximately 8.4 billion USD by mid-2025. The trend mainly reflects amortization or impaired value recognition balanced by increased intangible asset valuations post-2021.
- Deferred tax assets
- Deferred tax assets demonstrate a slow but steady decline from roughly 1.63 billion USD in early 2019 to about 1.9 billion USD in mid-2025, indicating changes in taxable temporary differences or valuation allowances over the period.
- Other assets
- Other assets generally trend upwards, starting near 141 million USD in early 2019 and rising to a range between 695 million and 760 million USD in recent periods, reflecting diversification or increased recognition of miscellaneous asset classes.
- Non-current assets
- Non-current assets decline steadily from approximately 19.8 billion USD at the beginning of 2019 to about 41.3 billion USD by mid-2025. The data suggests a realignment in long-term asset holdings, potentially influenced by acquisitions, disposals, or reclassifications.
- Total assets
- Total assets remain relatively stable throughout the period, hovering around 21.8 billion USD initially, with a substantial increase after 2021 peaking at about 52.3 billion USD, and then slightly declining near 48 billion USD by mid-2025. This pattern likely reflects a major acquisition event, expansion, or revaluation impacting the overall asset base.