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.

Becton, Dickinson & Co., consolidated balance sheet: assets (quarterly data)

US$ in millions

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016	Dec 31, 2015
Cash and equivalents	3,147)	1,903)	2,283)	3,153)	3,734)	3,248)	2,825)	2,882)	2,351)	560)	536)	523)	686)	943)	1,140)	1,384)	1,251)	1,124)	14,179)	13,852)	548)	919)	1,541)	1,686)	1,696)	1,583)
Restricted cash	173)	144)	109)	128)	164)	199)	92)	82)	88)	49)	54)	71)	81)	98)	96)	125)	167)	113)	—)	—)	—)	—)	—)	—)	—)	—)
Short-term investments	15)	8)	12)	24)	24)	17)	20)	22)	6)	8)	30)	12)	10)	5)	17)	15)	16)	84)	21)	17)	8)	18)	27)	15)	15)	10)
Trade receivables, net	2,303)	2,177)	2,497)	2,078)	2,118)	2,370)	2,398)	1,993)	2,160)	2,074)	2,345)	2,220)	2,279)	2,216)	2,319)	2,243)	2,293)	2,000)	1,744)	1,749)	1,569)	1,518)	1,618)	1,618)	1,574)	1,513)
Materials	708)	699)	641)	636)	642)	651)	602)	627)	601)	599)	544)	569)	555)	552)	510)	514)	498)	520)	313)	320)	305)	298)	316)	315)	314)	367)
Work in process	413)	393)	402)	388)	392)	366)	335)	335)	357)	350)	318)	317)	325)	296)	297)	330)	354)	425)	271)	293)	292)	275)	274)	302)	303)	292)
Finished products	2,137)	1,943)	1,823)	1,923)	1,861)	1,797)	1,806)	1,983)	1,836)	1,811)	1,717)	1,743)	1,747)	1,674)	1,644)	1,718)	1,691)	2,022)	1,234)	1,216)	1,150)	1,119)	1,129)	1,218)	1,229)	1,326)
Inventories	3,258)	3,035)	2,866)	2,947)	2,895)	2,814)	2,743)	2,945)	2,794)	2,760)	2,579)	2,629)	2,627)	2,522)	2,451)	2,562)	2,543)	2,967)	1,818)	1,829)	1,747)	1,692)	1,719)	1,835)	1,846)	1,985)
Assets held for sale	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	137)	—)	—)	—)	—)	—)	—)	50)	642)	625)	618)	—)
Prepaid expenses and other	1,256)	1,040)	1,071)	1,208)	1,065)	889)	891)	903)	1,156)	987)	1,120)	1,326)	1,161)	1,157)	1,251)	1,196)	1,242)	1,254)	871)	765)	1,019)	990)	820)	755)	863)	550)
Current assets	10,152)	8,307)	8,838)	9,538)	10,000)	9,537)	8,969)	8,827)	8,555)	6,438)	6,664)	6,781)	6,844)	6,941)	7,411)	7,525)	7,512)	7,542)	18,633)	18,212)	4,891)	5,187)	6,367)	6,534)	6,612)	5,641)
Property, plant and equipment	13,194)	13,032)	12,942)	12,651)	12,419)	12,273)	11,919)	11,660)	11,262)	11,425)	11,128)	11,040)	10,875)	10,585)	10,485)	10,384)	10,460)	10,109)	9,389)	8,975)	8,351)	8,101)	8,419)	8,282)	8,170)	8,241)
Allowances for depreciation and amortization	(6,788)	(6,648)	(6,549)	(6,487)	(6,277)	(6,177)	(5,996)	(5,819)	(5,598)	(5,643)	(5,469)	(5,490)	(5,402)	(5,223)	(5,110)	(5,063)	(5,049)	(4,847)	(4,751)	(4,565)	(4,410)	(4,274)	(4,518)	(4,469)	(4,391)	(4,284)
Property, plant and equipment, net	6,406)	6,384)	6,393)	6,164)	6,142)	6,096)	5,923)	5,841)	5,664)	5,782)	5,659)	5,550)	5,473)	5,362)	5,375)	5,321)	5,411)	5,262)	4,638)	4,410)	3,941)	3,827)	3,901)	3,813)	3,779)	3,957)
Goodwill	24,096)	24,116)	23,901)	23,814)	23,772)	23,758)	23,620)	23,549)	23,415)	23,435)	23,376)	23,498)	23,513)	23,505)	23,600)	23,505)	23,491)	22,699)	7,563)	7,513)	7,405)	7,363)	7,419)	7,425)	7,448)	7,372)
Developed technology, net	9,044)	9,302)	9,417)	9,541)	9,710)	9,940)	10,146)	10,356)	10,545)	10,848)	11,054)	11,334)	11,625)	11,893)	12,184)	12,301)	12,562)	14,173)	2,478)	2,533)	2,539)	2,580)	2,655)	2,658)	2,721)	2,906)
Customer relationships, net	2,681)	2,765)	2,818)	2,899)	2,977)	3,053)	3,107)	3,186)	3,261)	3,345)	3,424)	3,507)	3,564)	3,644)	3,723)	3,804)	3,865)	3,938)	2,830)	2,867)	2,923)	2,965)	3,022)	3,075)	3,128)	3,194)
Other intangibles, net	542)	544)	548)	557)	561)	564)	560)	567)	567)	532)	500)	500)	518)	525)	534)	537)	573)	565)	585)	588)	579)	584)	604)	673)	682)	767)
Intangible assets, net	12,267)	12,611)	12,783)	12,997)	13,248)	13,557)	13,813)	14,109)	14,373)	14,725)	14,978)	15,341)	15,707)	16,062)	16,441)	16,642)	17,000)	18,676)	5,893)	5,988)	6,041)	6,129)	6,281)	6,406)	6,531)	6,867)
Other assets	1,865)	1,945)	1,951)	1,820)	1,759)	1,800)	1,687)	1,633)	1,509)	1,572)	1,088)	1,063)	1,061)	1,062)	1,077)	984)	1,159)	1,184)	1,007)	1,043)	1,843)	1,812)	1,618)	1,838)	1,866)	2,209)
Noncurrent assets	44,634)	45,056)	45,028)	44,795)	44,921)	45,211)	45,043)	45,132)	44,961)	45,514)	45,101)	45,452)	45,754)	45,991)	46,493)	46,452)	47,061)	47,821)	19,101)	18,954)	19,230)	19,131)	19,219)	19,482)	19,624)	20,405)
Total assets	54,786)	53,363)	53,866)	54,333)	54,921)	54,748)	54,012)	53,959)	53,516)	51,952)	51,765)	52,233)	52,598)	52,932)	53,904)	53,977)	54,573)	55,363)	37,734)	37,166)	24,121)	24,318)	25,586)	26,016)	26,236)	26,046)

Cash and equivalents: The cash and equivalents balance showed significant volatility across the periods. After a decline from late 2015 to early 2017, there was a marked increase around mid-2017, peaking at 14,179 million USD in September 2017. This spike was followed by a steep decline to values around 500–700 million until early 2019, after which the balance steadily increased again, reaching over 3,700 million USD by March 2021, then slightly decreased before rising again toward early 2022.
Restricted cash: Restricted cash data only appears from September 2017 onward, showing relatively modest amounts fluctuating between approximately 49 and 199 million USD. The balance exhibits small cyclical changes but generally stable levels without a clear upward or downward trend.
Short-term investments: Short-term investments remained relatively low and stable throughout the periods, mostly fluctuating between 5 and 30 million USD with no discernible trend or major fluctuations, except for a notable rise to 84 million USD in December 2016.
Trade receivables, net: The net trade receivables showed a gradual increasing trend overall with some fluctuations. Receivables grew from around 1,513 million USD in December 2015 to over 2,497 million USD in December 2021. Some temporary declines were observed in mid-2019 and early 2021, but the general pattern is upward, indicating growth in credit sales or collection periods.
Materials Inventory: Values for materials inventories varied moderately, with a clear increase starting in late 2016. After fluctuating near 300 million USD in 2015–2016, the balance almost doubled, reaching over 700 million USD by early 2022, reflecting higher raw materials stock or potentially increased production inputs.
Work in process Inventory: Work in process inventory maintained a relatively stable range between 270 and 420 million USD, with slight increases over time. Peaks occurred around December 2017 and December 2021, indicating intermittent increases in unfinished goods.
Finished products Inventory: Finished products inventory increased substantially from around 1,100 million USD in 2016 to peaks exceeding 2,000 million USD in late 2017 and late 2021. Although some fluctuations occurred, the overall trend highlights accumulation of finished goods over the periods.
Inventories (total): Total inventories tracked an increasing trend from approximately 1,692 million USD at the end of 2016 to over 3,250 million USD by early 2022, almost doubling in value and indicating higher stock levels across material categories.
Assets held for sale: This item was recorded only sporadically with a significant amount in early 2016 (around 618 million USD) and a brief appearance in late 2018 (137 million USD), then absent elsewhere, suggesting occasional divestitures or asset reclassifications.
Prepaid expenses and other current assets: The prepaid expenses and other current assets exhibited fluctuations, with an initial rise during 2015-2016 peaking around 1,019 million USD, followed by a decline and stabilization around 1,000 million USD with some variation, indicating stable current asset management.
Current assets: Current assets showed a general upward trend with irregular spikes, particularly a sharp increase mid-2017 exceeding 18,000 million USD, driven likely by the surge in cash and equivalents. After this peak, current assets normalized to levels between 6,400 and 10,000 million USD with a general increasing tendency toward early 2022.
Property, plant and equipment (gross): Gross property, plant, and equipment increased steadily from around 8,100 million USD at the end of 2015 to over 13,000 million USD by early 2022, indicating continuous investment in fixed assets.
Allowances for depreciation and amortization: Accumulated depreciation and amortization consistently increased in magnitude on the negative side, reflecting systematic depreciation over time. The balance moved from approximately -4,274 million USD at year end 2016 to nearly -6,788 million USD by early 2022, aligning with asset growth.
Property, plant and equipment, net: Net property, plant, and equipment fluctuated initially but followed a steady increase over the longer term, growing from 3,827 million USD in late 2016 to about 6,400 million USD by 2022, corresponding to ongoing capital expenditures exceeding depreciation.
Goodwill: Goodwill remained relatively stable during 2015–2017 around 7,300 million USD, but a substantial jump occurred in late 2017 to over 22,000 million USD, maintaining a fairly consistent level above 23,000 million USD through early 2022, indicating a significant acquisition or revaluation event occurred near 2017.
Developed technology, net: Developed technology assets decreased steadily from about 2,580 million USD at the end of 2016 to approximately 9,000 million USD by early 2022 following a large jump coinciding with goodwill in late 2017. After the increase, a gradual decline persisted, consistent with amortization or impairment.
Customer relationships, net: Customer relationships assets mirrored the pattern of developed technology, with a jump in late 2017 from around 3,000 million USD to almost 4,000 million USD, followed by a gradual but consistent decline to 2,600 million USD by early 2022.
Other intangibles, net: Other intangible assets showed stability with minor fluctuations and a mild declining trend, moving from about 580 million USD in 2016 to just above 500 million USD in 2022, indicating slow amortization or disposal.
Intangible assets, net (total): Total intangible assets followed the same episodic increase around late 2017 as goodwill and other intangibles, rising sharply from about 6,000 million USD in 2016 to over 18,600 million USD in late 2017, with a subsequent long-term decline to approximately 12,200 million USD by early 2022, consistent with amortization patterns.
Other assets: Other assets showed some variability, initially decreasing and then showing a modest recovery, trending upward from approximately 1,000 million USD to nearly 2,000 million USD over the reported periods, indicating changes in smaller asset categories.
Noncurrent assets: Noncurrent assets showed a significant spike from about 19,000 million USD in 2016 to over 47,000 million USD in late 2017, remaining relatively stable thereafter with minor fluctuations around the 44,000–45,000 million USD range, highlighting a major asset reclassification or acquisition impacting the long-term asset base.
Total assets: Total assets rose sharply from around 24,300 million USD at the end of 2016 to more than 55,000 million USD after late 2017. After reaching a plateau near 54,000 million USD, the total assets exhibited modest fluctuations with a slight decrease toward early 2022 but remained close to the high 53,000–55,000 million USD range overall.

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Becton, Dickinson & Co. (NYSE:BDX)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data