Balance Sheet: Assets
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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Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).
The financial data reveals several noteworthy trends in the asset composition over the periods analyzed.
- Cash and Cash Equivalents
- This category experienced volatility throughout the years, starting at $5,865 million and declining to $4,827 million by the end of 2021. A significant increase followed in 2022, reaching $11,144 million, before dropping again in 2023 to $7,079 million and rising moderately to $8,249 million in 2024.
- Short-term Investments
- Short-term investments rose from $18,030 million in 2020 to peak at $23,586 million in 2021. Afterwards, there was a downward trend to $17,194 million in 2022, with slight fluctuations to $17,955 million in 2023 and a decline to $13,813 million in 2024.
- Accounts Receivable, Net
- Accounts receivable showed significant fluctuation, surging from $6,782 million in 2020 to $9,457 million in 2021, before sharply decreasing to $4,133 million in 2022, and further declining slightly in subsequent years to $3,478 million in 2024.
- Inventories
- This category increased steadily from $8,427 million in 2020 to $13,224 million in 2022. There was a reduction to $11,127 million in 2023 but then a recovery to $12,198 million in 2024, indicating some inventory management adjustments.
- Other Current Assets
- Other current assets rose modestly from $8,145 million in 2020 to $9,072 million in 2021, followed by a steep decrease to $4,712 million in 2022 and a further decline to $3,706 million in 2023. However, this was followed by a notable rebound to $9,586 million in 2024.
- Current Assets
- The total current assets increased from $47,249 million in 2020 to a peak of $57,718 million in 2021, then declined to $50,407 million in 2022 and continued to decrease to $43,269 million in 2023, before rebounding to $47,324 million in 2024.
- Property, Plant, and Equipment, Net
- This long-term asset showed consistent growth from $56,584 million in 2020 to $107,919 million in 2024, indicating ongoing capital investment and expansion in fixed assets.
- Marketable Equity Investments
- There was a gradual decline in marketable equity investments from $1,830 million in 2020 to $848 million in 2024, suggesting a reduced allocation towards these assets.
- Non-Marketable Equity Investments
- Non-marketable equity investments increased steadily from $3,322 million in 2020 to a peak of $4,635 million in 2023 before a slight decrease to $4,535 million in 2024.
- Equity Investments
- Total equity investments rose from $5,152 million in 2020 to $6,298 million in 2021, declining gradually thereafter to $5,383 million in 2024, indicating some divestitures or revaluations.
- Other Long-term Investments
- These investments increased sharply from $2,192 million in 2020 to $8,400 million in 2021 but data is missing for the subsequent years, making trend analysis for later periods unavailable.
- Goodwill
- Goodwill remained relatively stable around $27,000 million from 2020 to 2023, with a decrease to $24,693 million in 2024, suggesting potential impairments or write-downs.
- Identified Intangible Assets, Net
- This category showed a consistent decline year over year, dropping from $9,026 million in 2020 to $3,691 million in 2024, reflecting amortization or impairment of intangible assets.
- Other Long-term Assets
- Other long-term assets demonstrated variability, increasing from $5,917 million in 2020 to $13,647 million in 2023, then declining sharply to $7,475 million in 2024.
- Long-term Assets
- Overall, long-term assets displayed a steady increase from $105,842 million in 2020 to $149,161 million in 2024, consistent with ongoing investment and asset growth strategies.
- Total Assets
- Total assets increased continuously from $153,091 million in 2020 to $196,485 million in 2024, evidencing overall asset base growth despite fluctuations in individual asset categories.