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.

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

US$ in millions

	Jun 30, 2025	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	5,144)	7,926)	9,991)	5,037)	2,772)	4,718)	6,085)	5,705)	5,704)	4,936)	5,412)	4,699)	4,739)	4,296)	5,338)	4,362)	4,893)	4,065)	5,997)	12,886)	6,746)	10,051)
Short-term marketable debt securities	69)	—)	—)	—)	—)	—)	1,179)	1,159)	963)	936)	973)	961)	924)	1,029)	1,182)	1,376)	1,632)	1,601)	1,411)	11,089)	12,168)	10,734)
Accounts receivable, net	4,781)	4,388)	4,420)	4,587)	4,663)	4,669)	4,660)	4,790)	4,229)	4,162)	4,777)	4,354)	4,118)	3,787)	4,493)	4,566)	4,149)	3,925)	4,892)	3,913)	3,194)	3,907)
Inventories	1,825)	1,759)	1,710)	1,869)	2,026)	1,853)	1,787)	1,663)	1,633)	1,576)	1,507)	1,463)	1,494)	1,482)	1,618)	1,676)	1,772)	1,779)	1,683)	1,008)	1,052)	986)
Prepaid and other current assets	2,899)	2,828)	3,052)	3,286)	2,856)	2,801)	2,374)	2,663)	1,758)	1,846)	1,774)	2,077)	1,900)	2,035)	2,141)	2,011)	1,479)	1,908)	2,013)	2,030)	1,483)	1,272)
Current assets	14,718)	16,901)	19,173)	14,779)	12,317)	14,041)	16,085)	15,980)	14,287)	13,456)	14,443)	13,554)	13,175)	12,629)	14,772)	13,991)	13,925)	13,278)	15,996)	30,926)	24,643)	26,950)
Property, plant and equipment, net	5,459)	5,421)	5,414)	5,391)	5,346)	5,321)	5,317)	5,572)	5,540)	5,479)	5,475)	5,349)	5,299)	5,253)	5,121)	5,037)	4,996)	4,990)	4,967)	4,810)	4,653)	4,564)
Long-term marketable debt securities	1,913)	—)	—)	—)	—)	—)	1,163)	1,156)	1,334)	1,327)	1,245)	1,282)	1,337)	1,427)	1,309)	1,099)	836)	579)	502)	2,074)	2,276)	3,529)
Intangible assets, net	18,566)	19,355)	19,948)	20,546)	22,832)	23,428)	26,454)	27,152)	27,750)	28,348)	28,894)	29,440)	29,885)	30,331)	33,455)	33,900)	34,341)	34,781)	33,126)	12,939)	13,225)	13,502)
Goodwill	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,332)	8,332)	8,334)	8,334)	8,108)	4,117)	4,117)	4,117)
Deferred tax assets	2,721)	2,572)	2,378)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other long-term assets	4,030)	3,871)	3,768)	5,495)	4,770)	5,188)	4,792)	4,199)	5,112)	4,952)	4,800)	4,618)	4,860)	5,126)	4,963)	4,739)	5,552)	5,530)	5,708)	6,012)	7,020)	7,079)
Long-term assets	41,003)	39,533)	39,822)	39,746)	41,262)	42,251)	46,040)	46,393)	48,050)	48,420)	48,728)	49,003)	49,695)	50,451)	53,180)	53,107)	54,059)	54,214)	52,411)	29,952)	31,291)	32,791)
Total assets	55,721)	56,434)	58,995)	54,525)	53,579)	56,292)	62,125)	62,373)	62,337)	61,876)	63,171)	62,557)	62,870)	63,080)	67,952)	67,098)	67,984)	67,492)	68,407)	60,878)	55,934)	59,741)

Cash and Cash Equivalents: Cash and cash equivalents exhibit notable volatility over the examined quarters. Starting from a high point of 10,051 million USD in March 2020, the figure dips sharply to 4,065 million USD by March 2021, followed by a period of modest fluctuations around the 4,000 to 6,000 million USD range through 2023. A marked recovery appears in late 2024 with an increase reaching nearly 10,000 million USD in March 2025, before settling lower again in subsequent quarters.
Short-term Marketable Debt Securities: This category shows a significant decline from strong levels above 10,000 million USD early in 2020 to below 2,000 million USD throughout 2021 and 2022. From 2023 onwards, data presents gaps and very low reported values, indicating a possible shift in investment strategy or reclassification.
Accounts Receivable, Net: Accounts receivable reflect a generally stable to slightly increasing trend, with values oscillating between roughly 3,900 million USD and 4,800 million USD over the period. Despite minor fluctuations quarter-to-quarter, the overall trend suggests a relatively consistent level of outstanding receivables.
Inventories: Inventory levels show an upward trajectory across the quarters, starting at approximately 986 million USD in early 2020 and increasing to above 1,800 million USD by mid-2024. The steady rise indicates either accumulation of stock or an increase in inventory requirements over time.
Prepaid and Other Current Assets: This line item experiences moderate variability without a clear directional trend. Values vacillate generally between 1,200 million USD and just under 3,300 million USD, suggesting changes in short-term asset composition but no sustained growth or decline.
Current Assets: Current assets sharply decline from a high near 31,000 million USD in late 2020 to roughly 13,000 million USD in early 2021, then fluctuate broadly between approximately 12,000 and 19,000 million USD throughout the later periods. These fluctuations point to volatility in working capital components.
Property, Plant, and Equipment, Net: A gradual increase is evident in property, plant, and equipment over the timeframe, starting from 4,564 million USD in early 2020 and rising steadily to about 5,459 million USD by the end of 2025, reflecting ongoing investment in fixed assets.
Long-term Marketable Debt Securities: This asset category declines from approximately 3,500 million USD in early 2020 to near 1,100 million USD within 2022-2023, further decreasing to minimal or missing values in later quarters. There is a slight uptick to nearly 2,000 million USD in mid-2025, suggestive of asset reallocation or market valuation effects.
Intangible Assets, Net: Intangible assets exhibit a pronounced downward trend, falling from 13,502 million USD in early 2020 to 18,566 million USD in late 2025, with a notable spike to 33,126 million USD in late 2020 possibly due to a revaluation or acquisition. Afterward, a steady decline occurs, indicating amortization or impairment.
Goodwill: Goodwill remains largely consistent throughout the period, fluctuating slightly around 8,300 million USD from late 2020 onward, following an increase from approximately 4,100 million USD in early 2020.
Deferred Tax Assets: Deferred tax assets are only recorded in the later periods, appearing from 2,378 million USD in early 2024 and rising slightly to 2,721 million USD by late 2025, signaling recognition of tax-related future benefits during this time.
Other Long-term Assets: This asset segment fluctuates moderately between about 3,700 million USD and 5,500 million USD over the span, without a distinct upward or downward trajectory, reflecting changes in the composition or valuation of miscellaneous long-term assets.
Long-term Assets: Long-term assets show a substantial increase from roughly 32,700 million USD in early 2020 to over 52,000 million USD by late 2020, followed by a gradual decline to around 39,500 million USD in late 2025. The initial spike suggests a significant acquisition or reclassification, with subsequent decreases indicative of asset depreciation or disposals.
Total Assets: Total assets increase overall, peaking around 68,400 million USD by the end of 2020 and remaining elevated through early 2021, then decline progressively to approximately 55,700 million USD by mid-2025. This pattern reflects the combination of changes in both current and long-term asset categories with structural balance sheet adjustments.

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Gilead Sciences Inc. (NASDAQ:GILD)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data