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

	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	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
Cash and cash equivalents	7,628)	7,564)	7,330)	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)
Short-term marketable debt securities	15)	68)	19)	69)	—)	—)	—)	—)	—)	1,179)	1,159)	963)	936)	973)	961)	924)	1,029)	1,182)	1,376)	1,632)	1,601)
Accounts receivable, net	4,741)	4,913)	5,095)	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)
Inventories	1,914)	1,774)	1,785)	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)
Prepaid and other current assets	4,343)	4,023)	3,645)	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)
Current assets	18,641)	18,342)	17,874)	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)
Property, plant and equipment, net	5,638)	5,606)	5,500)	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)
Long-term marketable debt securities	983)	2,974)	2,005)	1,913)	—)	—)	—)	—)	—)	1,163)	1,156)	1,334)	1,327)	1,245)	1,282)	1,337)	1,427)	1,309)	1,099)	836)	579)
Intangible assets, net	16,382)	16,978)	17,970)	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)
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)	8,314)	8,314)	8,314)	8,332)	8,332)	8,334)	8,334)
Deferred tax assets	1,767)	1,964)	1,998)	2,721)	2,572)	2,378)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other long-term assets	4,553)	4,845)	4,872)	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)
Long-term assets	37,637)	40,681)	40,659)	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)
Total assets	56,278)	59,023)	58,533)	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)

The overall asset trajectory exhibits a gradual decline, with total assets decreasing from 67,492 million USD in March 2021 to 56,278 million USD by March 2026. This contraction is primarily driven by a significant reduction in long-term assets, which is partially offset by a general increase in current assets over the same period.

Liquidity and Current Asset Trends: Current assets increased from 13,278 million USD in March 2021 to 18,641 million USD in March 2026. This growth is characterized by high volatility in cash and cash equivalents, which peaked at 9,991 million USD in December 2024 before stabilizing around 7,628 million USD. Simultaneously, short-term marketable debt securities saw a near-total depletion, falling from 1,601 million USD to 15 million USD. Prepaid and other current assets showed a consistent upward trend, more than doubling from 1,908 million USD to 4,343 million USD.; Accounts receivable and inventories remained relatively stable throughout the period. Accounts receivable fluctuated between 3,787 million USD and 5,095 million USD, while inventories experienced a slight increase from 1,779 million USD to 1,914 million USD.
Long-term Asset Analysis: Long-term assets experienced a substantial decline from 54,214 million USD to 37,637 million USD. The primary driver of this decrease is the steady amortization of intangible assets, which fell from 34,781 million USD in March 2021 to 16,382 million USD in March 2026. In contrast, goodwill remained unchanged at 8,314 million USD, indicating an absence of impairment charges or new acquisitions contributing to goodwill during this timeframe.; Property, plant and equipment, net, demonstrated marginal and consistent growth, rising from 4,990 million USD to 5,638 million USD, suggesting a steady but limited investment in physical infrastructure.
Balance Sheet Structural Shifts: A notable shift in the asset structure is observed starting in December 2024 with the introduction of deferred tax assets, which peaked at 2,721 million USD in June 2025 before settling at 1,767 million USD by March 2026.; The long-term marketable debt securities showed significant instability, characterized by a peak of 2,974 million USD in September 2025 followed by a sharp decline to 983 million USD by March 2026. The combined effect of these movements indicates a strategic shift toward higher immediate liquidity and a reduction in the weight of intangible assets on the total balance sheet.

Gilead Sciences Inc. (NASDAQ:GILD)

Balance Sheet: Assets
Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Gilead Sciences Inc. (NASDAQ:GILD)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data