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.

Kraft Heinz Co., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Jun 27, 2020	Mar 28, 2020	Dec 28, 2019	Sep 28, 2019	Jun 29, 2019	Mar 30, 2019	Dec 29, 2018	Sep 29, 2018	Jun 30, 2018	Mar 31, 2018	Dec 30, 2017	Sep 30, 2017	Jul 1, 2017	Apr 1, 2017	Dec 31, 2016	Oct 2, 2016	Jul 3, 2016	Apr 3, 2016	Dec 31, 2015	Sep 27, 2015	Jun 28, 2015	Mar 29, 2015
Cash and cash equivalents	2,812)	5,403)	2,279)	2,315)	1,452)	1,096)	1,130)	1,366)	3,369)	1,794)	1,629)	1,441)	1,445)	3,242)	4,204)	3,920)	4,237)	4,199)	4,837)	4,437)	2,147)	1,899)
Trade receivables, net of allowances	2,045)	2,321)	1,973)	1,959)	2,049)	2,010)	2,129)	2,032)	1,950)	1,044)	921)	938)	913)	886)	769)	855)	1,114)	939)	871)	1,613)	795)	818)
Sold receivables	—)	—)	—)	—)	—)	—)	—)	—)	37)	530)	353)	427)	521)	588)	129)	208)	146)	805)	583)	—)	—)	—)
Inventories	2,815)	2,831)	2,721)	3,158)	3,074)	3,118)	2,667)	3,287)	3,161)	3,144)	2,815)	3,188)	3,065)	3,151)	2,684)	3,108)	2,881)	2,892)	2,618)	2,981)	1,162)	1,232)
Prepaid expenses	471)	485)	384)	415)	395)	384)	400)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other current assets	504)	535)	618)	1,243)	1,163)	1,201)	1,373)	905)	984)	925)	1,548)	1,234)	1,164)	1,008)	967)	852)	969)	977)	871)	1,380)	485)	528)
Assets held for sale	129)	133)	122)	35)	1,035)	1,026)	1,376)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	8,776)	11,708)	8,097)	9,125)	9,168)	8,835)	9,075)	7,590)	9,501)	7,437)	7,266)	7,228)	7,108)	8,875)	8,753)	8,943)	9,347)	9,812)	9,780)	10,411)	4,589)	4,477)
Property, plant and equipment, net	6,777)	6,813)	7,055)	6,926)	7,023)	7,031)	7,078)	7,216)	7,258)	7,267)	7,120)	6,934)	6,808)	6,693)	6,688)	6,490)	6,423)	6,434)	6,524)	6,432)	2,253)	2,266)
Goodwill	33,310)	35,062)	35,546)	35,826)	35,989)	36,091)	36,503)	44,308)	44,270)	44,843)	44,824)	44,858)	44,565)	44,300)	44,125)	44,518)	44,641)	43,542)	43,051)	46,750)	14,741)	14,588)
Intangible assets, net	47,202)	48,259)	48,652)	48,714)	48,943)	49,553)	49,468)	58,727)	59,101)	59,600)	59,449)	59,500)	59,400)	59,330)	59,297)	59,620)	59,762)	62,049)	62,120)	56,693)	12,942)	12,777)
Other non-current assets	2,241)	2,231)	2,100)	2,231)	2,078)	2,052)	1,337)	1,889)	1,766)	1,640)	1,573)	1,531)	1,535)	1,604)	1,617)	1,509)	1,511)	1,436)	1,498)	1,506)	1,537)	2,185)
Non-current assets	89,530)	92,365)	93,353)	93,697)	94,033)	94,727)	94,386)	112,140)	112,395)	113,350)	112,966)	112,823)	112,308)	111,927)	111,727)	112,137)	112,337)	113,461)	113,193)	111,381)	31,473)	31,816)
Total assets	98,306)	104,073)	101,450)	102,822)	103,201)	103,562)	103,461)	119,730)	121,896)	120,787)	120,232)	120,051)	119,416)	120,802)	120,480)	121,080)	121,684)	123,273)	122,973)	121,792)	36,062)	36,293)

The analysis of the quarterly financial data reveals several key trends and fluctuations in the company’s asset composition and liquidity position over the period under review.

Cash and Cash Equivalents: Cash levels experienced notable volatility, increasing substantially from early 2015 through the end of that year, peaking in December 2015. Following this peak, cash balances declined sharply during 2017 and 2018, reaching the lowest levels in the fourth quarter of 2018. Subsequently, a recovery is observed in early 2020, with cash balances rising significantly again by March 2020.
Trade Receivables, Net: Trade receivables showed an overall upward trend, particularly strong from 2017 to 2018, where values almost doubled. After this increase, trade receivables stabilized and showed minor fluctuations through mid-2020.
Sold Receivables: Sold receivables data is incomplete but indicate some activity in 2015 and 2016, with a peak in early 2017 followed by an absence of reported values afterward. This suggests a potential change in off-balance sheet financing or securitization practices during the observed period.
Inventories: Inventories displayed considerable variability. After a sharp increase between 2015 and 2016, inventory levels peaked in late 2018. Post-2018, inventory levels declined and stabilized at a lower level through mid-2020. The fluctuations reflect changes in stock management and possibly demand variations.
Prepaid Expenses: The available data on prepaid expenses, starting from early 2019, show relatively stable amounts with slight fluctuations, indicating consistent prepaid asset levels in recent periods.
Other Current Assets: Other current assets increased significantly during 2017, peaking at the end of that year. Following this peak, levels declined somewhat but remained elevated compared to 2015–2016 period, indicating diversification or shifts in short-term asset holdings.
Assets Held for Sale: Assets held for sale appeared in 2019 and show high variability, with a substantial amount recorded in early 2019 and a marked reduction thereafter. This suggests asset divestitures or reclassifications during the timeframe.
Current Assets: Current assets generally reflected the trends observed in individual components. There was a dramatic increase in current assets up to 2015, followed by a decline and near stabilization in subsequent years. The peak in early 2015 is largely attributed to high receivables and inventory levels.
Property, Plant, and Equipment, Net: Property, plant, and equipment exhibited steady growth until the end of 2017, followed by minor declines through mid-2020. This suggests ongoing investment in fixed assets followed by possible depreciation or asset sales in later periods.
Goodwill: Goodwill showed a significant peak in late 2015 at over $46 billion, declining dramatically to about $33 billion by mid-2020. This sharp decline indicates impairment charges or disposals affecting intangible acquisition valuations.
Intangible Assets, Net: Intangible asset balances mirrored goodwill's pattern, peaking in late 2015 and then gradually decreasing over the following years. The decline suggests amortization, impairment, or asset disposals impacting intangible asset values.
Other Non-Current Assets: Other non-current assets remained relatively stable, with increases in some quarters of 2017 and 2018, followed by moderate fluctuations through 2020, pointing to consistent holdings in long-term asset categories.
Non-Current Assets: Non-current assets reached their highest levels in 2015 and early 2016, followed by a notable decline by 2019 and 2020. The pattern primarily reflects the decreases in goodwill and intangible assets alongside stable property, plant, and equipment values.
Total Assets: Total assets peaked sharply in late 2015, reflecting inflated goodwill and intangible asset values. Since then, total assets have contracted steadily, with a marked decrease by mid-2020. This decline is consistent with the trends observed in non-current asset categories and indicates a reduction in overall asset base.

Assets: Selected Items

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Current Assets: Selected Items

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Kraft Heinz Co. (NASDAQ:KHC)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data