Stock Analysis on Net

Regeneron Pharmaceuticals Inc. (NASDAQ:REGN)

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.

Regeneron Pharmaceuticals Inc., consolidated balance sheet: assets (quarterly data)

US$ in thousands

Microsoft Excel
Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents 1,995,800 3,090,200 2,488,200 2,011,800 1,920,700 2,602,000 2,730,000 2,152,300 1,937,200 3,916,300 3,105,900 3,491,300 3,395,100 3,345,700 2,885,600 3,432,400 2,072,200 1,437,900 2,193,700 1,573,000 1,992,200 2,208,200
Marketable securities 5,473,800 5,259,200 6,524,300 7,784,700 7,888,300 7,917,500 8,114,800 7,761,300 6,990,500 5,043,400 4,636,400 3,530,400 4,171,300 3,704,900 2,809,100 2,355,200 1,838,600 2,065,900 1,393,300 1,452,900 1,152,000 1,795,200
Accounts receivable, net 5,610,000 5,561,000 6,211,900 6,107,100 5,717,100 5,222,200 5,667,300 5,584,500 5,121,300 5,118,600 5,328,700 5,548,300 5,161,400 4,839,000 6,036,500 5,452,000 6,998,600 4,173,000 4,114,700 4,039,500 2,811,300 2,933,200
Inventories 3,205,600 3,192,400 3,087,300 3,018,000 2,873,600 2,714,900 2,580,500 2,562,000 2,507,700 2,424,700 2,401,900 2,412,200 2,218,500 1,991,500 1,951,300 2,053,800 1,983,900 2,164,700 1,916,600 1,801,600 1,640,900 1,480,900
Prepaid expenses and other current assets 574,300 468,900 349,200 412,000 681,900 414,900 386,600 574,700 366,300 406,200 411,200 446,400 583,600 424,900 332,400 482,000 444,300 213,600 160,800 230,600 263,800 226,600
Current assets 16,859,500 17,571,700 18,660,900 19,333,600 19,081,600 18,871,500 19,479,200 18,634,800 16,923,000 16,909,200 15,884,100 15,428,600 15,529,900 14,306,000 14,014,900 13,775,400 13,337,600 10,055,100 9,779,100 9,097,600 7,860,200 8,644,100
Marketable securities 10,058,200 9,276,300 8,900,100 8,490,900 7,722,400 6,978,800 5,396,500 5,778,500 6,327,200 6,066,600 6,591,800 5,968,600 6,415,900 7,084,000 6,838,000 5,631,300 3,900,300 3,543,700 3,135,600 2,875,100 2,587,600 3,236,400
Property, plant, and equipment, net 4,840,700 4,694,200 4,599,700 4,439,200 4,305,900 4,225,500 4,146,400 4,006,100 3,922,600 3,880,900 3,763,000 3,704,200 3,637,700 3,556,400 3,482,200 3,395,700 3,358,500 3,262,600 3,221,600 3,138,300 3,031,400 2,944,600
Intangible assets, net 1,351,700 1,167,000 1,148,600 1,120,100 1,102,200 1,058,700 1,038,600 1,017,200 953,000 928,700 915,500 804,100
Deferred tax assets 3,572,200 3,442,900 3,314,100 3,015,100 2,880,900 2,764,900 2,575,400 2,316,800 2,138,500 1,924,900 1,723,700 1,452,100 1,352,400 1,140,300 876,900 723,200 746,600 765,100 858,900 804,200 774,000 771,200
Other noncurrent assets 1,536,900 1,393,100 1,136,000 1,043,000 993,800 470,200 444,100 409,900 393,200 349,600 336,400 320,200 269,900 262,000 222,800 145,900 142,900 145,700 168,100 168,800 175,500 161,200
Noncurrent assets 21,359,700 19,973,500 19,098,500 18,108,300 17,005,200 15,498,100 13,601,000 13,528,500 13,734,500 13,150,700 13,330,400 12,249,200 11,675,900 12,042,700 11,419,900 9,896,100 8,148,300 7,717,100 7,384,200 6,986,400 6,568,500 7,113,400
Total assets 38,219,200 37,545,200 37,759,400 37,441,900 36,086,800 34,369,600 33,080,200 32,163,300 30,657,500 30,059,900 29,214,500 27,677,800 27,205,800 26,348,700 25,434,800 23,671,500 21,485,900 17,772,200 17,163,300 16,084,000 14,428,700 15,757,500

Based on: 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 presents a comprehensive overview of the company's asset structure and evolution over a series of quarterly periods. Observing the trends in current assets, noncurrent assets, and total assets reveals several key patterns.

Current Assets
Current assets exhibit a fluctuating but overall upward trajectory from approximately 8.64 billion USD in Q1 2020 to a peak around 19 billion USD in mid-2023, followed by a decline to approximately 16.86 billion USD by mid-2025. This increase is mainly driven by marketable securities and accounts receivable, both showing substantial growth.
Cash and Cash Equivalents
Cash and cash equivalents demonstrate considerable volatility throughout the periods, dropping from about 2.2 billion USD in early 2020 to a low near 1.44 billion USD in Q1 2021, then rallying to peaks above 3.9 billion USD by early 2023. Subsequently, it declines sharply again, reaching roughly 1.99 billion USD by mid-2025. This fluctuation suggests active liquidity management or possible timing of cash flows.
Marketable Securities
Marketable securities, split into two reported lines, show significant growth from approximately 3.2 billion USD in early 2020 to over 10 billion USD by mid-2025. The increase is steady with some peaks in late 2021 and late 2024, highlighting a growing portfolio of liquid investments or possibly increased cash prudence.
Accounts Receivable, Net
Accounts receivable initially fluctuated, with a notable jump in mid-2021 to nearly 7 billion USD, followed by a somewhat stable range between 5.5 and 6.2 billion USD thereafter. The rise in mid-2021 may indicate increased sales or extended credit terms. Subsequent stability suggests normalization or consistent revenue collection patterns.
Inventories
Inventories steadily grow from around 1.5 billion USD at the beginning of the period to over 3.2 billion USD by mid-2025. This continuous increase may reflect expanded production capacity, stockpiling, or preparation for higher sales volumes.
Prepaid Expenses and Other Current Assets
These fluctuate considerably, starting near 227 million USD in early 2020, peaking multiple times above 600 million USD, and ending near 574 million USD by mid-2025. The variation may relate to changes in operational costs or timing of purchases and services prepayments.
Property, Plant, and Equipment, Net
This category shows steady growth from approximately 2.94 billion USD in the first quarter of 2020 to about 4.84 billion USD by mid-2025, indicating ongoing capital investments in fixed assets and expansion of operational infrastructure.
Intangible Assets, Net
Intangible assets begin to be reported from late 2022 at around 804 million USD, growing gradually to approximately 1.35 billion USD by mid-2025, reflecting likely acquisitions, capitalized research, or development costs increasing the value of intangible holdings.
Deferred Tax Assets
Deferred tax assets trend upward from about 771 million USD in early 2020 to over 3.5 billion USD by mid-2025. This continuous increase suggests accumulating deductible temporary differences or tax credit carryforwards that can reduce future tax liabilities.
Other Noncurrent Assets
Other noncurrent assets show a consistent rise from roughly 161 million USD to about 1.54 billion USD over the presented period, indicating diversification in long-term holdings or investments beyond tangible and intangible core assets.
Total Assets
Total assets increase significantly from approximately 15.76 billion USD in early 2020 to a high near 38.22 billion USD by mid-2025. This growth is driven by expansions in both current and noncurrent assets, reflecting overall company growth and capital deployment.

In summary, the company has experienced substantial asset growth across nearly all categories over the reported quarters. The rise in marketable securities and cash positions suggests prudent liquidity management. The steady increases in inventories, property, plant, and equipment, as well as intangible assets, indicate ongoing investment in operational capacity and intellectual property. The growth in deferred tax assets and other noncurrent assets points to strengthening future tax benefits and diversified asset holdings. Despite some volatility in cash balances and prepaid expenses, the general trend reflects expansion and asset base strengthening.


Assets: Selected Items


Current Assets: Selected Items