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.
Assets: Selected Items
Current Assets: Selected Items
Based on: 10-K (reporting date: 2026-08-31), 10-Q (reporting date: 2026-05-31), 10-Q (reporting date: 2026-02-28), 10-Q (reporting date: 2025-11-30), 10-K (reporting date: 2025-08-31), 10-Q (reporting date: 2025-05-31), 10-Q (reporting date: 2025-02-28), 10-Q (reporting date: 2024-11-30), 10-K (reporting date: 2024-08-31), 10-Q (reporting date: 2024-05-31), 10-Q (reporting date: 2024-02-29), 10-Q (reporting date: 2023-11-30), 10-K (reporting date: 2023-08-31), 10-Q (reporting date: 2023-05-31), 10-Q (reporting date: 2023-02-28), 10-Q (reporting date: 2022-11-30), 10-K (reporting date: 2022-08-31), 10-Q (reporting date: 2022-05-31), 10-Q (reporting date: 2022-02-28), 10-Q (reporting date: 2021-11-30), 10-K (reporting date: 2021-08-31), 10-Q (reporting date: 2021-05-31), 10-Q (reporting date: 2021-02-28), 10-Q (reporting date: 2020-11-30).
Total assets exhibit a strong and consistent upward trajectory, growing from approximately 38.27 billion USD in November 2020 to 73.60 billion USD by August 2026. This expansion is driven by simultaneous increases in both current and non-current asset bases, reflecting a significant scaling of the organizational balance sheet over the analyzed period.
- Current Asset Dynamics
- Current assets increased from 18.63 billion USD to 31.83 billion USD. A primary driver of this growth is the steady rise in receivables and contract assets, which nearly doubled from 8.55 billion USD to 16.33 billion USD, suggesting a substantial increase in service delivery and revenue generation. Cash and cash equivalents show more volatility but maintain a general upward trend, ending at 12.83 billion USD in August 2026, indicating robust liquidity management despite periodic fluctuations.
- Strategic Asset Accumulation
- Non-current assets experienced the most aggressive growth, rising from 19.64 billion USD to 41.77 billion USD. The most prominent contributor is goodwill, which expanded from 8.13 billion USD to 26.82 billion USD. This pattern strongly indicates a strategy focused on inorganic growth through consistent and large-scale acquisitions. Additionally, intangible assets became a visible component of the balance sheet starting in May 2024, contributing approximately 2.91 billion USD by August 2026.
- Operational and Long-term Assets
- Property and equipment remained relatively stable, fluctuating within a narrow range between 1.45 billion USD and 1.72 billion USD, suggesting a light-asset operational model. Operating lease assets similarly showed stability, hovering between 2.5 billion USD and 3.2 billion USD. Deferred tax assets exhibited a gradual decline in the latter half of the period, moving from a peak of approximately 4.23 billion USD down to 3.41 billion USD by August 2026.
- Contractual and Investment Trends
- Contract assets showed a marked increase, rising from 44.52 million USD to 327.24 million USD, reflecting an increase in work performed but not yet billed. Long-term investments also saw a significant uptrend, growing from 298.91 million USD in 2020 to 940.49 million USD by August 2026, pointing toward increased strategic capital allocation.
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