Name: Dollar Tree Inc. (NASDAQ:DLTR) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

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.

Assets: Selected Items

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Current Assets: Selected Items

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Dollar Tree Inc., consolidated balance sheet: assets

US$ in thousands

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Cash and cash equivalents	984,900)	1,416,700)	539,200)	422,100)	1,097,800)	866,400)
Short-term investments	—)	—)	—)	—)	—)	4,000)
Merchandise inventories	4,367,300)	3,427,000)	3,522,000)	3,536,000)	3,169,300)	2,865,800)
Accounts receivable, net	—)	—)	113,300)	100,900)	90,400)	82,000)
Other	257,000)	207,100)	94,900)	234,300)	218,800)	63,900)
Accounts receivable, divestiture-related	—)	—)	—)	—)	—)	55,900)
Other current assets	257,000)	207,100)	208,200)	335,200)	309,200)	201,800)
Current assets	5,609,200)	5,050,800)	4,269,400)	4,293,300)	4,576,300)	3,938,000)
Property, plant and equipment, net of accumulated depreciation	4,477,300)	4,116,300)	3,881,800)	3,445,300)	3,200,700)	3,115,800)
Restricted cash	53,400)	46,900)	46,800)	24,600)	—)	—)
Operating lease right-of-use assets	6,425,300)	6,324,100)	6,225,000)	—)	—)	—)
Goodwill	1,984,400)	1,984,400)	1,983,300)	2,296,600)	5,025,200)	5,023,500)
Favorable lease rights, net of accumulated amortization	—)	—)	—)	288,700)	375,300)	468,600)
Trade name intangible asset	3,100,000)	3,100,000)	3,100,000)	3,100,000)	3,100,000)	3,100,000)
Deferred tax asset	20,300)	23,200)	24,400)	—)	—)	—)
Other assets	51,900)	50,300)	43,900)	52,700)	55,300)	55,700)
Noncurrent assets	16,112,600)	15,645,200)	15,305,200)	9,207,900)	11,756,500)	11,763,600)
Total assets	21,721,800)	20,696,000)	19,574,600)	13,501,200)	16,332,800)	15,701,600)

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

The total asset base exhibited a general expansion from 2017 to 2022, increasing from 15.7 billion USD to 21.7 billion USD. This growth was characterized by a significant structural shift in the reporting of lease assets in 2020 and a steady increase in operational investments.

Liquidity and Current Asset Composition: Current assets grew from 3.9 billion USD in 2017 to 5.6 billion USD in 2022. This increase was primarily driven by merchandise inventories, which rose from 2.8 billion USD to 4.3 billion USD. A particularly sharp increase in inventory was observed between 2021 and 2022. Cash and cash equivalents showed volatility, peaking at 1.4 billion USD in 2021 before declining to 984.9 million USD in 2022.
Fixed Assets and Long-term Infrastructure: Net property, plant, and equipment demonstrated a consistent upward trend, rising from 3.1 billion USD in 2017 to 4.4 billion USD in 2022, indicating continuous investment in physical store capacity and infrastructure. The noncurrent asset profile was fundamentally altered in 2020 with the recognition of operating lease right-of-use assets, which added approximately 6.2 billion USD to the balance sheet and remained stable through 2022.
Intangible Assets and Goodwill: A significant reduction in goodwill occurred between 2018 and 2019, where the value dropped from 5.0 billion USD to 2.2 billion USD, suggesting a substantial impairment charge. Following this decline, goodwill remained stable at approximately 1.9 billion USD. In contrast, the trade name intangible asset remained constant at 3.1 billion USD throughout the entire analyzed period.
Overall Asset Distribution: The asset structure shifted from a more balanced distribution between current and noncurrent assets in 2017 toward a heavier weighting in noncurrent assets by 2022. Noncurrent assets increased from 11.7 billion USD to 16.1 billion USD, largely due to the integration of lease assets and the growth of physical property, offsetting the impairment of goodwill.

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