Name: Colgate-Palmolive Co. (NYSE:CL) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

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.

Assets: Selected Items

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Current Assets: Selected Items

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Colgate-Palmolive Co., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Cash and cash equivalents	775)	832)	888)	883)	726)
Receivables, net of allowances	1,504)	1,297)	1,264)	1,440)	1,400)
Inventories	2,074)	1,692)	1,673)	1,400)	1,250)
Other current assets	760)	576)	513)	456)	417)
Current assets	5,113)	4,397)	4,338)	4,179)	3,793)
Property, plant and equipment, net	4,307)	3,730)	3,716)	3,750)	3,881)
Goodwill	3,352)	3,284)	3,824)	3,508)	2,530)
Other intangible assets, net	1,920)	2,462)	2,894)	2,667)	1,637)
Deferred income taxes	135)	193)	291)	177)	152)
Other assets	904)	974)	857)	753)	168)
Non-current assets	10,618)	10,643)	11,582)	10,855)	8,368)
Total assets	15,731)	15,040)	15,920)	15,034)	12,161)

Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31).

Total assets experienced an overall upward trajectory from 2018 to 2022, increasing from US$ 12,161 million to US$ 15,731 million. The most significant growth occurred between 2018 and 2020, with a subsequent period of stabilization and slight fluctuation in the final two years of the period.

Current Asset Dynamics: Current assets grew steadily from US$ 3,793 million in 2018 to US$ 5,113 million in 2022. This growth was primarily driven by a substantial and consistent increase in inventories, which rose from US$ 1,250 million to US$ 2,074 million over the five-year period. Cash and cash equivalents remained relatively stable, peaking at US$ 888 million in 2020 before declining to US$ 775 million by 2022. Receivables showed volatility, dipping in 2020 but reaching a period high of US$ 1,504 million in 2022.
Non-Current Asset Evolution: Non-current assets expanded sharply between 2018 and 2020, rising from US$ 8,368 million to a peak of US$ 11,582 million, before moderating to US$ 10,618 million by 2022. A significant portion of this early growth is attributed to Goodwill and other intangible assets, which peaked in 2020 at a combined value of US$ 6,718 million, suggesting substantial acquisition activity during that timeframe. However, intangible assets subsequently declined to US$ 1,920 million by 2022, indicating amortization or impairment.
Capital Investment and Other Assets: Property, plant, and equipment (net) remained relatively flat between 2018 and 2021, fluctuating between US$ 3,716 million and US$ 3,881 million. A notable increase occurred in 2022, where the value rose to US$ 4,307 million, indicating a surge in capital expenditures. Other assets showed a marked increase from US$ 168 million in 2018 to a peak of US$ 974 million in 2021, before settling at US$ 904 million in 2022.

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