Stock Analysis on Net
Stock Analysis on Net

Bristol-Myers Squibb Co. (NYSE:BMY)

Common-Size Balance Sheet: Assets 
Quarterly Data

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

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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 13.31 11.77 11.17 8.42 6.65 9.42 12.05 8.23 8.96 9.54 9.42 7.88 10.71 12.00 12.79 12.21 9.95 9.77 12.28 15.48 15.56 12.23
Marketable debt securities 1.06 0.98 0.55 0.22 0.38 0.34 0.86 0.19 0.38 0.29 0.13 1.32 2.47 2.52 2.73 1.91 1.76 1.73 1.08 1.37 1.35 1.94
Receivables 12.06 11.69 11.61 11.77 12.07 10.55 11.48 11.29 10.82 10.66 10.21 9.79 9.02 8.26 8.57 8.34 8.14 7.70 7.17 6.42 6.13 6.41
Inventories 2.89 2.88 2.76 3.56 3.25 3.01 2.80 2.67 2.53 2.76 2.42 2.11 2.13 2.04 1.92 1.95 1.93 1.74 1.75 1.55 1.86 2.19
Other current assets 5.77 5.99 6.07 6.00 6.06 5.62 6.21 7.90 7.35 5.47 5.99 6.19 5.74 4.40 4.42 3.94 4.55 3.17 3.20 2.48 1.91 1.86
Current assets 35.09% 33.31% 32.16% 29.97% 28.41% 28.95% 33.39% 30.28% 30.03% 28.73% 28.17% 27.29% 30.08% 29.23% 30.43% 28.35% 26.32% 24.11% 25.48% 27.30% 26.81% 24.64%
Property, plant and equipment 7.79 7.80 7.71 7.37 7.23 6.82 6.98 7.10 6.80 6.66 6.46 6.15 5.95 5.87 5.53 5.29 5.23 5.13 4.97 4.57 4.51 4.73
Goodwill 23.00 23.52 23.45 23.22 22.96 21.95 22.25 23.17 22.64 22.45 21.84 21.50 20.37 19.90 18.76 18.50 18.53 18.25 17.34 16.34 16.07 17.37
Other intangible assets 22.58 24.33 25.17 28.79 31.09 33.08 28.45 31.72 33.48 35.61 37.04 38.88 37.56 38.92 38.90 40.52 43.38 45.20 44.94 45.16 46.20 47.70
Deferred income taxes 4.91 4.32 4.57 3.85 3.51 2.75 2.91 1.66 1.68 1.40 1.39 1.35 1.33 1.38 1.32 0.62 0.59 0.71 0.98 0.73 0.85 0.47
Marketable debt securities 0.37 0.37 0.35 0.35 0.38 0.37 0.38 0.36 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.04 0.13 0.26 0.37 0.39 0.41 0.50
Other non-current assets 6.27 6.35 6.59 6.45 6.41 6.08 5.64 5.71 5.37 5.16 5.10 4.83 4.71 4.70 5.06 6.68 5.83 6.35 5.92 5.49 5.15 4.60
Non-current assets 64.91% 66.69% 67.84% 70.03% 71.59% 71.05% 66.61% 69.72% 69.97% 71.27% 71.83% 72.71% 69.92% 70.77% 69.57% 71.65% 73.68% 75.89% 74.52% 72.70% 73.19% 75.36%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 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
There is a fluctuating trend in cash and cash equivalents as a percentage of total assets over the observation period. Starting near 12% in early 2020, the percentage generally declined through 2022 and the first half of 2023, reaching lows around 6.65%, followed by a rebound toward the end of the period to above 13%. This pattern suggests periods of cash accumulation interspersed with reductions, potentially reflecting cyclical cash management or investment activities.
Marketable debt securities
The percentage of marketable debt securities relative to total assets remains relatively low and volatile, showing minor peaks and troughs. Early 2020 saw around 1.9%, which decreased to below 0.2% in late 2022, before slightly recovering to about 1% by mid-2025. This indicates limited reliance on these securities within the asset base and possible strategic shifts in short-term investment holdings.
Receivables
Receivables as a percentage of total assets exhibit a clear upward trend throughout the timeframe, moving from about 6.4% in early 2020 to over 12% by mid-2025. This steady increase may indicate growing sales on credit or longer collection periods, impacting working capital management.
Inventories
The inventory proportion shows a moderate increase over time, starting near 2.2% in early 2020 and reaching levels above 3.5% by late 2024, though with some decline afterward. This upward movement may reflect inventory build-up aligned with production or sales strategies, though the volatility suggests fluctuations in inventory turnover.
Other current assets
There is a general rising trend in other current assets as a share of total assets, increasing from about 1.9% in early 2020 to peaks exceeding 7% in mid-2023. This increase reflects a growing component of current assets outside of cash, receivables, and inventories, potentially involving prepaid expenses or other short-term asset categories.
Current assets
Current assets as a whole display an overall increasing trend, rising from roughly 24.6% at the start of 2020 to over 35% by mid-2025. This growth highlights a strategic emphasis on liquidity and short-term asset holdings.
Property, plant and equipment (PP&E)
The proportion of PP&E relative to total assets displays a gradual upward trend, increasing from about 4.7% in early 2020 to a peak above 7.8% by mid-2025. This suggests ongoing investments in tangible fixed assets, possibly reflecting expansion or modernization efforts.
Goodwill
Goodwill as a percentage of total assets shows a consistent increase from approximately 17.4% in early 2020 to a plateau around 23% from 2023 onwards. This sustained increase indicates acquisitions or enterprise value recognition that contributes significantly to intangible asset value over time.
Other intangible assets
Other intangible assets reveal a steady decline from nearly 48% at the start of 2020 down to around 22.6% by mid-2025. This sizable reduction implies amortization or impairment of intangible assets, or possibly reclassification, which diminishes their proportion relative to total assets.
Deferred income taxes
The share of deferred income taxes generally increases over the periods, growing from under 0.5% in early 2020 to approximately 4.9% by mid-2025. This rising trend may reflect increased temporary differences or tax liabilities deferred to future periods, indicating complex tax positions or timing effects.
Other non-current assets
Other non-current assets maintain a relatively stable pattern, hovering between about 4.6% and 6.6% throughout the periods. There is a slight upward bias especially after 2022, suggesting modest growth or rebalancing of long-term asset categories not broken out elsewhere.
Non-current assets
Overall, non-current assets as a percentage of total assets show some variability but a declining tendency from about 75% in early 2020 to near 65% by mid-2025. This trend reflects the combined impact of changes in PP&E, goodwill, other intangibles, deferred taxes, and other non-current items, suggesting a gradual shift in asset structure towards more current assets over time.
Total assets
By definition, total assets constitute 100% at each point and serve as the basis for all relative measurements in this analysis.