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.
Based on: 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).
- Cash and Cash Equivalents
- Cash and cash equivalents fluctuated over the reported periods, initially declining from 1925 million USD in March 2020 to a low of 1482 million USD in June 2023, before recovering to 1561 million USD by March 2025. Notably, there were peaks in December 2020 and December 2021, followed by declines.
- Trade Receivables, Net of Allowance
- Trade receivables generally showed an upward trajectory, increasing from 2628 million USD in March 2020 to 4318 million USD in March 2025. This suggests growing sales on credit or changes in collection policies. Some volatility is present, but the overall trend is positive with intermittent quarterly decreases.
- Other Receivables, Net of Allowance
- Other receivables remained relatively stable without extreme fluctuations, rising modestly from 670 million USD in March 2020 to 941 million USD by March 2025, indicating consistent non-trade related receivables.
- Inventories, Net
- Inventory levels demonstrated a general upward trend, increasing from 2441 million USD in March 2020 to 4255 million USD by March 2025. This indicates either an accumulation of stock in anticipation of sales or potential supply chain adjustments. Peaks were observed in the last quarters of some years, notably in September 2024.
- Other Current Assets
- Other current assets exhibited significant volatility, with a sharp increase from 880 million USD in December 2022 to an exceptionally high 9674 million USD in March 2024. Thereafter, the value dropped sharply but remained elevated relative to earlier periods. The spike suggests a one-time event or reclassification impacting current assets.
- Current Assets
- The total current assets reflected fluctuations aligned largely with changes in other current assets and cash equivalents. Increasing from 9068 million USD in March 2020 to a peak of 19426 million USD in March 2024, followed by a decline to 12730 million USD by March 2025. The period includes both growth and contraction phases.
- Property, Plant and Equipment, Net
- Property, plant and equipment values remained relatively stable with minor fluctuations, starting at 8054 million USD in March 2020 and reaching 9767 million USD by March 2025. This suggests ongoing investment balanced by depreciation.
- Operating Lease Right-of-Use Assets
- These assets showed modest variability, remaining within a range of approximately 590 million USD to 774 million USD. A slight increasing trend is noticeable towards the later periods.
- Goodwill
- Goodwill values showed gradual growth from 20216 million USD in March 2020 to a peak near 23896 million USD in December 2023, followed by a minor decline to 23439 million USD by March 2025. This suggests acquisitions or other intangible asset adjustments.
- Intangible Assets, Net
- Intangible assets followed a pattern similar to goodwill, rising from 17271 million USD in March 2020 to a peak around 19839 million USD in June 2023 and then declining to 19130 million USD by March 2025.
- Prepaid Pension Assets
- Prepaid pension assets increased steadily from 537 million USD in March 2020 to a maximum around 1146 million USD in September 2024, indicating improved funded status or pension contributions.
- Deferred Income Taxes
- Deferred income taxes showed a declining trend across the periods, falling from 708 million USD in March 2020 to a low near 240 million USD in March 2024, with minor fluctuations thereafter.
- Equity Method Investments
- These investments decreased significantly from 6887 million USD in March 2020 to a low of 610 million USD in March 2025, reflecting divestitures, impairments, or changes in associated company valuations.
- Other Assets
- Other assets increased over time from 267 million USD in March 2020 to a high of 2173 million USD in December 2023, before declining to around 1097 million USD by March 2025. The rise suggests accumulation or reclassification of long-term miscellaneous assets.
- Noncurrent Assets
- Noncurrent assets remained relatively steady with slight variations, peaking around 61070 million USD in December 2022 before declining to approximately 56197 million USD by March 2025. This indicates moderate changes in long-term asset holdings.
- Total Assets
- Total assets followed a mild fluctuating trend, increasing from 63598 million USD in March 2020 to a peak near 77624 million USD in March 2024, then decreasing to 68927 million USD by March 2025. The fluctuations mirror movements in both current and noncurrent assets.