Stock Analysis on Net

Bristol-Myers Squibb Co. (NYSE:BMY)

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.

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

US$ in millions

Microsoft Excel
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 12,599 10,875 10,346 7,890 6,293 9,330 11,464 7,514 8,372 8,995 9,123 7,734 10,750 12,369 13,979 13,540 11,024 10,982 14,546 19,435 19,934 15,817
Marketable debt securities 1,004 907 513 204 360 340 816 171 358 274 130 1,293 2,478 2,599 2,987 2,123 1,946 1,948 1,285 1,720 1,724 2,505
Receivables 11,415 10,801 10,747 11,026 11,423 10,447 10,921 10,304 10,112 10,054 9,886 9,613 9,054 8,511 9,369 9,245 9,017 8,660 8,501 8,062 7,855 8,290
Inventories 2,737 2,666 2,557 3,332 3,077 2,985 2,662 2,436 2,364 2,605 2,339 2,074 2,142 2,104 2,095 2,163 2,137 1,953 2,074 1,949 2,384 2,836
Other current assets 5,467 5,534 5,617 5,623 5,737 5,567 5,907 7,207 6,868 5,158 5,795 6,082 5,762 4,538 4,832 4,372 5,037 3,568 3,786 3,111 2,446 2,405
Current assets 33,222 30,783 29,780 28,075 26,890 28,669 31,770 27,632 28,074 27,086 27,273 26,796 30,186 30,121 33,262 31,443 29,161 27,111 30,192 34,277 34,343 31,853
Property, plant and equipment 7,373 7,213 7,136 6,903 6,845 6,750 6,646 6,481 6,355 6,279 6,255 6,035 5,970 6,047 6,049 5,868 5,795 5,763 5,886 5,740 5,777 6,112
Goodwill 21,776 21,737 21,719 21,751 21,732 21,738 21,169 21,147 21,163 21,162 21,149 21,112 20,446 20,500 20,502 20,519 20,529 20,524 20,547 20,517 20,578 22,452
Other intangible assets 21,378 22,486 23,307 26,964 29,428 32,760 27,072 28,950 31,303 33,569 35,859 38,179 37,690 40,103 42,527 44,930 48,065 50,819 53,243 56,698 59,171 61,666
Deferred income taxes 4,647 3,997 4,236 3,609 3,323 2,723 2,768 1,514 1,572 1,317 1,344 1,329 1,337 1,418 1,439 684 650 793 1,161 913 1,088 605
Marketable debt securities 346 344 320 324 357 367 364 325 46 143 288 433 495 523 651
Other non-current assets 5,934 5,867 6,105 6,044 6,071 6,024 5,370 5,214 5,022 4,868 4,940 4,745 4,728 4,845 5,535 7,403 6,454 7,137 7,019 6,896 6,596 5,946
Non-current assets 61,454 61,644 62,823 65,595 67,756 70,362 63,389 63,631 65,415 67,195 69,547 71,400 70,171 72,913 76,052 79,450 81,636 85,324 88,289 91,259 93,733 97,432
Total assets 94,676 92,427 92,603 93,670 94,646 99,031 95,159 91,263 93,489 94,281 96,820 98,196 100,357 103,034 109,314 110,893 110,797 112,435 118,481 125,536 128,076 129,285

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).


The analysis of the financial data over multiple quarters reveals several key trends and patterns across liquidity, asset management, and overall asset structure.

Cash and Cash Equivalents
Cash and cash equivalents initially rose from $15,817 million in March 2020 to a peak near mid-2020 of $19,934 million, followed by a decline throughout 2021 and 2022 reaching a low near $7,514 million in March 2023. Subsequently, a partial recovery occurred, with values improving to $12,599 million by June 2025.
Marketable Debt Securities (Current)
Marketable debt securities exhibited volatility with values fluctuating from $2,505 million in early 2020 down to a minimal level around $130 million in late 2022, then partially rebounding to just over $1,000 million by mid-2025, indicating changing investment or liquidity strategies.
Receivables
Receivables presented a general upward trend, increasing from $8,290 million in March 2020 to $11,415 million by June 2025, reflecting growing sales or extended credit periods.
Inventories
Inventories showed moderate variability, starting at $2,836 million in early 2020, declining through 2020 to early 2021, then gradually increasing to a peak of $3,332 million in September 2024 before slightly reducing again, suggesting inventory management adjustments.
Other Current Assets
Other current assets increased notably from around $2,405 million in early 2020 to a peak above $7,200 million in September 2023, followed by a slight decline, indicating accumulation of other short-term assets or receivables.
Total Current Assets
Current assets peaked twice, once near $34,343 million in mid-2020 and then dipping below $27,000 million in late 2022, before recovering to $33,222 million by mid-2025. This reflects fluctuations in liquidity and working capital components.
Property, Plant, and Equipment (PP&E)
PP&E showed a steady and gradual increase from $6,112 million in March 2020 to $7,373 million in June 2025, supporting ongoing investments in fixed assets.
Goodwill
Goodwill remained relatively stable, fluctuating slightly near $20,500 million for much of the period, with a modest increase to about $21,776 million by mid-2025, indicating limited acquisition activity or impairment events.
Other Intangible Assets
Other intangible assets consistently trended downward from $61,666 million in early 2020 to $21,378 million by mid-2025, showing significant amortization or disposals over time.
Deferred Income Taxes
Deferred income taxes increased from around $600 million in early 2020 to over $4,600 million by mid-2025, reflecting changes in tax liabilities or timing differences increasing in magnitude.
Marketable Debt Securities (Non-current)
Non-current marketable debt securities generally declined from $651 million in early 2020 to negligible or missing levels for much of the middle periods, with slight reappearances later, indicating shifts in long-term investment allocations.
Other Non-current Assets
Other non-current assets fluctuated between roughly $5,300 million and $7,400 million, without a clear trend but with some variation indicating dynamic asset management.
Total Non-current Assets
Non-current assets overall declined from $97,432 million in early 2020 to $61,454 million by mid-2025, driven primarily by reductions in intangible assets partially offset by increases in property and equipment and deferred tax assets.
Total Assets
Total assets showed a downward trajectory from $129,285 million in March 2020 to around $92,427 million in June 2025, punctuated by some quarters of modest recovery, reflecting net decreases particularly in intangible assets and liquid investments.

Overall, the data indicates a strategic focus on managing liquidity within fluctuating cash and marketable securities levels, steady investment in tangible assets, and considerable amortization of intangible assets. The decline in total assets may warrant attention regarding asset utilization and future growth potential.


Assets: Selected Items


Current Assets: Selected Items