Common-Size Balance Sheet: Assets
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- Income Statement
- Analysis of Liquidity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Return on Assets (ROA) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Aggregate Accruals
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Gilead Sciences Inc., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
- Cash and cash equivalents
- There is a notable increase in the proportion of cash and cash equivalents relative to total assets, rising from 8.77% in 2020 to 16.94% in 2024. This indicates a strengthening liquidity position over the period.
- Short-term marketable debt securities
- The percentage declined gradually from 2.06% in 2020 to 1.54% in 2022, with a slight rebound to 1.9% in 2023, then data is missing for 2024. Overall, this suggests a reduction in this component of current investments during the observed period.
- Accounts receivable, net
- This asset category remained relatively stable, fluctuating mildly between 6.61% and 7.56% of total assets, indicating consistent levels of receivables relative to the asset base.
- Inventories
- Inventory levels as a percentage of total assets held steady around 2.4% to 2.9%, exhibiting a slight upward trend by 2024.
- Prepaid taxes
- Data shows new entries for 2023 and 2024 at 0.9% and 0.81% respectively, suggesting recognition or reclassification of prepaid tax assets in this period.
- Equity securities
- Absent in earlier years, equity securities have risen from 1.75% in 2023 to 2.67% in 2024, indicating a growing investment in equity holdings within the asset mix.
- Other
- The share decreased from around 3% in 2020-2022 to a low of 1.17% in 2023, recovering slightly to 1.69% in 2024, implying reduced significance or possible reclassification of miscellaneous current asset items.
- Prepaid and other current assets
- There was an increase from 2.94% in 2020 to 5.17% in 2024, with a dip in intervening years, reflecting growing recognition of prepaid and other current asset components.
- Current assets
- The proportion of current assets to total assets expanded considerably from 23.38% in 2020 to 32.5% in 2024, driven primarily by increased cash holdings and prepaid/other current assets. This demonstrates a shift toward higher liquidity.
- Property, plant and equipment, net
- There was a gradual increase from 7.26% in 2020 to 9.18% in 2024, indicating ongoing investment in fixed assets over time.
- Long-term marketable debt securities
- The percentage grew from 0.73% in 2020 to nearly 2% in 2021-2022, before a slight decrease to 1.87% in 2023. Data for 2024 is missing. This represents a moderate shift toward longer-term debt investments in the earlier years.
- Intangible assets, net
- A clear decreasing trend is seen, from 48.42% in 2020 to 33.81% in 2024. This significant reduction may suggest amortization, impairment, or disposals affecting intangible assets during the period.
- Goodwill
- Goodwill steadily increased from 11.85% in 2020 to 14.09% in 2024, indicating acquisitions or revaluations leading to higher goodwill on the balance sheet.
- Other long-term assets
- After a decline from 8.34% in 2020 to 7.3% in 2021, this category remained relatively stable before rising notably to 10.42% in 2024, suggesting accumulation or reclassification of other non-current assets.
- Long-term assets
- The share of long-term assets as a percentage of total assets decreased from 76.62% in 2020 to 67.5% in 2024, driven mainly by the decline in intangible assets despite increases in property and goodwill.
- Total assets
- The total assets baseline remains constant at 100% each year, serving as a reference for the relative size of each asset class.