Stock Analysis on Net

Bristol-Myers Squibb Co. (NYSE:BMY)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Bristol-Myers Squibb Co., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Sep 30, 2025 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
Marketable debt securities
Receivables
Inventories
Other current assets
Current assets
Property, plant and equipment
Goodwill
Other intangible assets
Deferred income taxes
Marketable debt securities
Other non-current assets
Non-current assets
Total assets

Based on: 10-Q (reporting date: 2025-09-30), 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).


Cash and cash equivalents
The percentage of cash and cash equivalents relative to total assets demonstrated notable fluctuation over the observed period, starting at 12.23% in early 2020 and reaching a low around mid-2024 near 6.65%. A significant recovery followed, peaking at 16.23% by late 2025, indicating a shift towards increased liquidity.
Marketable debt securities
This asset category remained relatively low and volatile, oscillating mostly below 2.5% throughout the periods. There was a marked decrease to near negligible levels in late 2022 and early 2023, followed by a gradual rebound, though values stayed modest relative to total assets.
Receivables
Receivables as a share of total assets showed a consistent upward trend, starting at 6.41% and rising steadily to a peak near 12.07% by mid-2024. Although minor fluctuations occurred afterward, the overall pattern indicates growing amounts of outstanding payments due from customers or related entities over time.
Inventories
Inventory levels relative to total assets were generally low but trended upward across the quarters, increasing from about 2.19% to a peak slightly above 3.5% before somewhat stabilizing. This suggests a gradual accumulation or stockpiling of goods or raw materials over these years.
Other current assets
The proportion of other current assets rose substantially during the early part of the period, reaching up to approximately 7.90%, before settling back to a range near 5-6%. The volatility here suggests variability in short-term asset components beyond cash, receivables, and inventory.
Current assets
Overall current assets as a percentage of total assets experienced an upward trend, increasing from around 24.64% initially to levels exceeding 36% in late 2025. This indicates a strengthening in liquid or near-liquid assets within the asset structure over time.
Property, plant and equipment (PP&E)
PP&E showed a steady and moderate increase relative to total assets, starting below 5% and reaching just under 8%. This reflects ongoing investments in long-term tangible assets, possibly aligned with operational expansion or modernization programs.
Goodwill
Goodwill consistently made up a significant and growing portion of total assets, rising from approximately 17.37% to above 23%, though a slight decline was observed towards the end of the timeline. The increase points to acquisitions or intangible value gains, with a marginal reduction suggesting possible impairments or revaluations later on.
Other intangible assets
This category showed a clear downward trajectory, decreasing markedly from over 47% in early 2020 to around 21% by 2025. The decline might imply amortization, disposals, or reassessment of intangible assets' values throughout the observed span.
Deferred income taxes
The share of deferred income taxes within total assets gradually increased from below 0.5% to more than 5%. This steady growth could be indicative of increasing timing differences between accounting profits and taxable income or strategic tax positioning.
Other non-current assets
This component remained relatively stable, fluctuating mildly around the 4.5% to 6.5% range. The consistent level points to a stable base of non-current assets outside of the primary categories like PP&E and intangibles.
Non-current assets
Non-current assets as a whole exhibited some volatility but generally decreased from around 75% to roughly 63% of total assets over the period. This reflects a relative shift in the asset base favoring current assets, possibly influenced by changes in strategic asset allocation or business cycles.
Total assets
Total assets were normalized to 100%, providing the base for proportional analysis. The relative shifts among constituent asset classes reveal a structural transition towards increased liquidity and a reduction in intangible asset weight over time.