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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Intel Corp. pages available for free this week:
- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Common Stock Valuation Ratios
- Capital Asset Pricing Model (CAPM)
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Debt
- Aggregate Accruals
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Based on: 10-Q (reporting date: 2026-03-28), 10-K (reporting date: 2025-12-27), 10-Q (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27).
Total assets exhibit a long-term growth trajectory, increasing from 150,622 million US dollars in March 2021 to 205,332 million US dollars by March 2026. This expansion is primarily driven by a significant reallocation of capital toward physical infrastructure, while intangible assets and receivables have seen a relative decline.
- Capital Investment and Infrastructure
- A consistent and aggressive increase in Property, Plant, and Equipment (PP&E) is observed, rising from 57,330 million US dollars in March 2021 to a peak of 109,763 million US dollars in March 2024, before stabilizing around 104,458 million US dollars by March 2026. This represents the most significant component of asset growth, indicating a sustained period of heavy capital expenditure.
- Liquidity and Cash Management
- Cash and cash equivalents show significant volatility but end the period with a strong upward trend, reaching 17,247 million US dollars in March 2026. Conversely, short-term investments peaked in April 2022 at 32,481 million US dollars and generally trended downward to 15,542 million US dollars by March 2026. This suggests a strategic shift in liquidity management toward more immediate cash availability.
- Working Capital Trends
- Accounts receivable, net, demonstrate a marked downward trend, decreasing from 7,208 million US dollars in March 2021 to 4,066 million US dollars in March 2026. Inventories remained relatively stable after an initial climb, moving from 8,487 million US dollars in early 2021 to fluctuate between 11,000 and 13,000 million US dollars for the remainder of the period.
- Intangible Assets and Goodwill
- A steady erosion of intangible value is evident. Identified intangible assets, net, declined from 8,408 million US dollars in March 2021 to 2,722 million US dollars in March 2026. Goodwill remained stable for several years at approximately 27,591 million US dollars before experiencing a decline to 20,465 million US dollars by the end of the analyzed period, suggesting potential impairment charges.