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.
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- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
- Aggregate Accruals
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Gilead Sciences Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 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).
The financial data reveals several notable trends across various asset categories over the quarterly periods analyzed.
- Cash and Cash Equivalents
- This asset showed considerable volatility with a steep decline from early 2020 to mid-2020, followed by intermittent recoveries and declines. Notably, a substantial increase occurred by the end of 2024, reaching near the highest levels recorded in the dataset. This suggests fluctuating liquidity management or operational cash flow variations.
- Short-term Marketable Debt Securities
- This category exhibited a marked reduction from 2020 onwards, with values significantly decreasing to nearly negligible levels in the final periods. The decline suggests a strategic shift away from short-term marketable securities or a reallocation of liquid assets.
- Accounts Receivable, Net
- Accounts receivable experienced moderate fluctuations, generally trending upwards until late 2022, followed by a period of stabilization and modest increases into 2024. This pattern indicates relatively stable sales on credit with slight growth in outstanding customer payments.
- Inventories
- Inventories showed growth from early 2020, peaking near the end of 2024, though with some fluctuations. The increase in inventory levels may reflect preparation for anticipated demand or accumulation due to slower turnover.
- Prepaid and Other Current Assets
- These assets increased steadily, particularly noticeable from 2021 onwards, indicating higher prepayments or advances possibly linked to operational expenditures or investments in future periods.
- Current Assets
- Despite intermittent fluctuations, current assets overall decreased significantly from the peak in early 2020 to the late 2020 period and then gradually recovered towards 2025. This points to variations in liquidity and working capital components over the period.
- Property, Plant, and Equipment, Net
- There was a consistent upward trend in net property, plant, and equipment, suggesting ongoing capital investment and asset capitalization. The incremental increases denote steady growth or maintenance of fixed assets over time.
- Long-term Marketable Debt Securities
- The figures display a decline in holdings from 2020 through the middle of the analyzed period, with some increases towards the latter quarters around 2025. The variation suggests adjustments in long-term investment portfolios.
- Intangible Assets, Net
- This asset category notably decreased over time, with a significant reduction starting from late 2020, indicating amortization, impairment, or disposals. Such a trend may relate to changes in valuation or write-downs of these non-physical assets.
- Goodwill
- Goodwill remained relatively constant except for a marked increase between Q3 2020 and Q4 2020, after which it stabilized. This change suggests an acquisition or revaluation event affecting goodwill during that timeframe.
- Deferred Tax Assets
- Data for deferred tax assets is only available in the later periods and shows modest growth followed by a decline towards the most recent quarter. This pattern could indicate fluctuating tax credit positions or adjustments in tax planning strategies.
- Other Long-term Assets
- Other long-term assets displayed variability with periods of decline and recovery, indicating an active management or reclassification of these assets. The fluctuations highlight possible changes in non-core or miscellaneous long-term asset holdings.
- Long-term Assets
- The total long-term assets peaked significantly in late 2020, corresponding with the increase in intangible assets, then entered a gradual declining trend, signaling possible asset disposals, amortization, or impairments over subsequent quarters.
- Total Assets
- Total assets generally peaked around the end of 2020 and showed a gradual downward trend afterward before a slight recovery in recent quarters. This movement reflects the combined effects of changes in both current and long-term asset components.