Common-Size Balance Sheet: Assets
Quarterly Data
Bristol-Myers Squibb Co., common-size consolidated balance sheet: assets (quarterly data)
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
- The proportion of cash and cash equivalents relative to total assets fluctuated moderately over the observed period, with initial values around 12-15%, followed by a decline to below 9% in several quarters. A notable increase occurred near the end of 2023 and early 2024, reaching above 11%, suggesting intermittent cash accumulation or liquidity adjustments.
- Marketable debt securities
- This category exhibited variability with percentages mostly under 2%. A peak occurred around late 2021 at approximately 2.7%, followed by a decline and minor recovery by early 2025. This pattern may reflect changing investment strategies or portfolio reallocations in short-term securities.
- Receivables
- Receivables as a percentage of total assets demonstrated a generally upward trend over the timeline. Starting from about 6.4% in early 2020, this ratio increased consistently, surpassing 11% by 2023 and maintaining levels close to that through early 2025, indicating growth in credit sales or delayed collections.
- Inventories
- Inventory levels showed a gradual increase from below 2.2% to a peak above 3.5% towards late 2024, followed by a slight reduction. This upward trend may suggest stockpiling or increased production; however, the dip thereafter could indicate inventory optimization.
- Other current assets
- Other current assets increased significantly from under 2% to above 7% in mid-2023, before decreasing somewhat and stabilizing around 6% in 2024 and early 2025. This fluctuation implies changes in short-term assets outside of cash, receivables, and inventories that may affect liquidity.
- Current assets
- Overall current assets as a percentage of total assets rose from roughly 25% in early 2020 to over 33% by the end of 2023 and early 2025, showing a clear shift towards more liquid asset positions within the total asset structure.
- Property, plant and equipment (PP&E)
- PP&E showed a steady increase from under 5% to nearly 8% of total assets by early 2025, indicating ongoing capital investment and fixed asset growth, which suggests expansion or enhancement of production capabilities.
- Goodwill
- Goodwill increased consistently from around 17% to over 23% of total assets through 2023, remaining stable thereafter. This rise points to acquisitions or business combinations contributing to intangible asset growth.
- Other intangible assets
- Other intangible assets demonstrated a clear declining trend, decreasing from nearly 48% of total assets in early 2020 to approximately 24% by early 2025. This reduction may reflect amortization, impairment, or divestiture of intangible asset components.
- Deferred income taxes
- Deferred income taxes increased steadily from below 0.5% to above 4% of total assets, indicating growing tax-related liabilities or assets, possibly arising from timing differences between accounting and tax treatments.
- Other non-current assets
- These assets remained relatively stable, fluctuating between about 4.6% and 6.6%, showing no significant structural change but slight modest growth in longer-term asset components.
- Non-current assets
- The share of non-current assets in total assets remained predominant, generally between 67% and 76%, with a minor downtrend starting from 75% in 2020 to around 67% by 2025. This slight decline may be due to the relative increase in current assets over the same period.