Stock Analysis on Net

Gilead Sciences Inc. (NASDAQ:GILD)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Gilead Sciences Inc., common-size consolidated balance sheet: assets (quarterly data)

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Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents
Short-term marketable debt securities
Accounts receivable, net
Inventories
Prepaid and other current assets
Current assets
Property, plant and equipment, net
Long-term marketable debt securities
Intangible assets, net
Goodwill
Deferred tax assets
Other long-term assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Overall Asset Composition
The proportion of current assets relative to total assets exhibited considerable fluctuation over the reported periods. Starting at 45.11% in March 2020, there was a sharp decline to 23.38% by December 2020, followed by a gradual increase, reaching 32.5% in the first quarter of 2025 before slightly decreasing to 29.95% at the end of the same quarter. Long-term assets showed an inverse trend; rising from 54.89% in March 2020 to a peak of 80.33% in March 2021, then steadily decreasing to 70.05% by March 2025.
Cash and Cash Equivalents
Cash and cash equivalents as a percentage of total assets varied notably across the timeline. Initially high at 16.82% in March 2020, they declined through mid-2021 to approximately 6-8%, then increased substantially, peaking again at 16.94% in December 2024, before settling at 14.04% in March 2025. This indicates periodic shifts in liquidity management or cash reserves.
Short-term and Long-term Marketable Debt Securities
Short-term marketable debt securities started high at 17.97% in March 2020, oscillated down to approximately 1.5% from late 2021 onwards, and became absent in the final reported quarters. Long-term marketable debt securities initially decreased from 5.91% to below 1% by the end of 2020, briefly increased to around 2.26% by March 2022, and then were no longer reported in subsequent quarters, indicating potential reallocation or sale of these securities.
Accounts Receivable, Net
The proportion of accounts receivable to total assets hovered between approximately 5.7% and 8.7% throughout the period. After a dip in the middle of 2020, there was a gradual upward trend starting from late 2021, peaking at 8.7% in September 2024, and slightly declining thereafter.
Inventories
Inventories maintained a relatively low and stable share of total assets, mostly between 1.65% and 3.78%. There was a gradual increase in inventory proportion from around 2.3% in early 2022 to a peak of 3.78% in mid-2024, followed by a moderate decline toward early 2025.
Prepaid and Other Current Assets
This category exhibited an upward trend overall, increasing from about 2.13% in March 2020 to above 5% by early 2025, with occasional fluctuations. This suggests a growing volume of prepaid expenses or other current asset types relative to total assets.
Property, Plant, and Equipment, Net
The net property, plant, and equipment maintained a relatively steady share of total assets, fluctuating between 7.26% and 9.98%. There is a slight increasing tendency from early 2022 to mid-2024, reaching near 10%, before a small contraction in late 2024.
Intangible Assets, Net
Intangible assets constituted a substantial portion of total assets, with a notable jump from approximately 22.6% in March 2020 to 48.42% by December 2020. Following this spike, there was a steady, sustained decline to 34.3% by March 2025. This pattern may reflect asset revaluation, amortization, or impairments over the period.
Goodwill
Goodwill consistently represented around 6.7% to 15.5% of total assets. After a rise from about 6.89% in early 2020 to 15.52% in mid-2024, a mild decrease followed, ending at 14.73% in March 2025, suggesting acquisition activity or adjustments to recorded goodwill balances.
Deferred Tax Assets
Deferred tax assets were unreported for most of the period until reappearing near the end with 4.03% in December 2024 and rising to 4.56% by March 2025, indicating recognition or reclassification of deferred tax positions during the later periods.
Other Long-term Assets
Other long-term assets displayed some volatility but generally fluctuated between roughly 6.4% and 12.5%. A modest recovery is observed from around 6.39% in December 2024 to 6.86% in March 2025 after prior higher values in 2020.