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.

Becton, Dickinson & Co., consolidated balance sheet: assets

US$ in millions

	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017	Sep 30, 2016
Cash and equivalents	2,283)	2,825)	536)	1,140)	14,179)	1,541)
Restricted cash	109)	92)	54)	96)	—)	—)
Short-term investments	12)	20)	30)	17)	21)	27)
Trade receivables, net	2,497)	2,398)	2,345)	2,319)	1,744)	1,618)
Inventories	2,866)	2,743)	2,579)	2,451)	1,818)	1,719)
Assets held for sale	—)	—)	—)	137)	—)	642)
Prepaid expenses and other	1,071)	891)	1,120)	1,251)	871)	820)
Current assets	8,838)	8,969)	6,664)	7,411)	18,633)	6,367)
Property, plant and equipment, net	6,393)	5,923)	5,659)	5,375)	4,638)	3,901)
Goodwill	23,901)	23,620)	23,376)	23,600)	7,563)	7,419)
Developed technology, net	9,417)	10,146)	11,054)	12,184)	2,478)	2,655)
Customer relationships, net	2,818)	3,107)	3,424)	3,723)	2,830)	3,022)
Other intangibles, net	548)	560)	500)	534)	585)	604)
Intangible assets, net	12,783)	13,813)	14,978)	16,441)	5,893)	6,281)
Other assets	1,951)	1,687)	1,088)	1,077)	1,007)	1,618)
Noncurrent assets	45,028)	45,043)	45,101)	46,493)	19,101)	19,219)
Total assets	53,866)	54,012)	51,765)	53,904)	37,734)	25,586)

Based on: 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-30).

Cash and equivalents: The cash and equivalents show a significant spike in 2017, reaching 14,179 million USD, sharply increasing from 1,541 million USD in 2016 and then dropping steeply in the following years, stabilizing around 2,000 to 3,000 million USD from 2019 to 2021.
Restricted cash: Restricted cash data begins only from 2018 with fluctuating values, starting at 96 million USD, dipping to 54 million in 2019, and then gradually rising to 109 million USD by 2021.
Short-term investments: Short-term investments have remained relatively low and show a downward movement from 27 million USD in 2016 to 12 million USD in 2021, indicating limited allocation in this category.
Trade receivables, net: Trade receivables grew steadily over the period, increasing from 1,618 million USD in 2016 to 2,497 million USD in 2021, reflecting a consistent rise in amounts owed by customers.
Inventories: The inventory values show a steady increase, moving from 1,719 million USD in 2016 to 2,866 million USD in 2021, which may indicate growing stock levels or expansion in product lines.
Assets held for sale: Assets held for sale data is incomplete, with figures reported only in 2016 and 2018, showing 642 million USD and 137 million USD respectively, suggesting occasional disposals or planned sales during those years.
Prepaid expenses and other: This category exhibits some variability with figures rising from 820 million USD in 2016 to a peak of 1,251 million USD in 2018, followed by a decline and then moderate recovery to 1,071 million USD in 2021.
Current assets: Current assets displayed a notable surge in 2017, reaching 18,633 million USD compared to 6,367 million USD in 2016, then sharply declined in subsequent years to stabilize between approximately 6,600 and 9,000 million USD from 2018 through 2021.
Property, plant and equipment, net: Property, plant, and equipment assets indicate a steady upward trend over the period, growing from 3,901 million USD in 2016 to 6,393 million USD in 2021, suggesting ongoing capital investment and expansion.
Goodwill: Goodwill assets experienced a dramatic increase in 2018, jumping from 7,563 million USD in 2017 to 23,600 million USD and remaining relatively stable around that level through 2021, reflecting significant acquisitions or mergers.
Developed technology, net: Developed technology assets peaked sharply in 2018 at 12,184 million USD from under 2,700 million USD in 2017, followed by a steady decrease over the subsequent years down to 9,417 million USD in 2021.
Customer relationships, net: Customer relationships intangibles show a peak in 2018 at 3,723 million USD, with a general declining trend afterward, falling to 2,818 million USD by 2021.
Other intangibles, net: Other intangible assets remain relatively stable throughout the years, fluctuating mildly between 500 and 600 million USD.
Intangible assets, net: The overall intangible assets experienced a significant increase in 2018, reaching 16,441 million USD from 5,893 million USD the previous year, with a gradual reduction in subsequent years ending at 12,783 million USD in 2021.
Other assets: Other assets show moderate fluctuations with a decline from 1,618 million USD in 2016 to about 1,000 million USD in 2017 and 2018, followed by an increase to 1,951 million USD by 2021.
Noncurrent assets: Noncurrent assets rose sharply in 2018 to 46,493 million USD from 19,101 million USD in 2017, then maintained a stable level around 45,000 million USD through 2021.
Total assets: Total assets reflect a strong increase in 2018, reaching 53,904 million USD from 37,734 million USD in 2017, followed by a slight decline in 2019 and then an overall stable trend around 54,000 million USD from 2020 to 2021.

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Becton, Dickinson & Co. (NYSE:BDX)

Balance Sheet: Assets

Assets: Selected Items

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