Stock Analysis on Net
Stock Analysis on Net
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Colgate-Palmolive Co. (NYSE:CL)

Balance Sheet: Assets
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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.

Colgate-Palmolive Co., consolidated balance sheet: assets (quarterly data)

US$ in millions

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Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Cash and cash equivalents 997  854  883  948  863  843  726  841  833  851  1,535  1,380  1,241  1,347  1,315  1,298  1,085  1,014  970  1,445  1,059  859 
Receivables, net of allowances 1,231  1,551  1,440  1,495  1,590  1,547  1,400  1,532  1,545  1,644  1,480  1,530  1,526  1,496  1,411  1,560  1,575  1,546  1,427  1,561  1,691  1,611 
Inventories 1,524  1,301  1,400  1,371  1,322  1,278  1,250  1,245  1,254  1,312  1,221  1,205  1,199  1,189  1,171  1,193  1,232  1,234  1,180  1,277  1,324  1,350 
Other current assets 460  542  456  535  480  465  417  523  540  485  403  621  589  564  441  713  722  696  807  806  914  880 
Current assets 4,212  4,248  4,179  4,349  4,255  4,133  3,793  4,141  4,172  4,292  4,639  4,736  4,555  4,596  4,338  4,764  4,614  4,490  4,384  5,089  4,988  4,700 
Property, plant and equipment, cost 8,197  8,167  8,580  8,389  8,476  8,398  8,336  8,451  8,408  8,648  8,460  8,419  8,261  8,146  7,942  8,309  8,247  8,222  8,059  8,312  8,418  8,212 
Accumulated depreciation (4,714) (4,680) (4,830) (4,700) (4,683) (4,577) (4,455) (4,580) (4,500) (4,561) (4,388) (4,420) (4,331) (4,263) (4,102) (4,472) (4,422) (4,402) (4,263) (4,353) (4,379) (4,244)
Property, plant and equipment, net 3,483  3,487  3,750  3,689  3,793  3,821  3,881  3,871  3,908  4,087  4,072  3,999  3,930  3,883  3,840  3,837  3,825  3,820  3,796  3,959  4,039  3,968 
Goodwill 3,628  3,559  3,508  3,532  2,536  2,517  2,530  2,539  2,483  2,572  2,218  2,216  2,191  2,134  2,107  2,181  2,170  2,170  2,103  2,139  2,241  2,186 
Other intangible assets, net 2,787  2,822  2,667  2,535  1,609  1,612  1,637  1,660  1,735  1,782  1,341  1,343  1,340  1,312  1,313  1,346  1,347  1,361  1,346  1,367  1,371  1,356 
Deferred income taxes 224  179  177  165  167  164  152  165  156  187  188  265  360  321  301  261  311  349  67  137  144  79 
Other assets 807  775  753  756  791  636  168  195  196  224  218  216  204  202  224  234  248  258  262  872  877  867 
Non-current assets 10,929  10,822  10,855  10,677  8,896  8,750  8,368  8,430  8,478  8,852  8,037  8,039  8,025  7,852  7,785  7,859  7,901  7,958  7,574  8,474  8,672  8,456 
Total assets 15,141  15,070  15,034  15,026  13,151  12,883  12,161  12,571  12,650  13,144  12,676  12,775  12,580  12,448  12,123  12,623  12,515  12,448  11,958  13,563  13,660  13,156 

Based on: 10-Q (filing date: 2020-07-31), 10-Q (filing date: 2020-05-01), 10-K (filing date: 2020-02-21), 10-Q (filing date: 2019-11-01), 10-Q (filing date: 2019-07-26), 10-Q (filing date: 2019-04-26), 10-K (filing date: 2019-02-21), 10-Q (filing date: 2018-10-26), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-04-27), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-10-27), 10-Q (filing date: 2017-07-21), 10-Q (filing date: 2017-04-28), 10-K (filing date: 2017-02-23), 10-Q (filing date: 2016-10-27), 10-Q (filing date: 2016-07-28), 10-Q (filing date: 2016-04-28), 10-K (filing date: 2016-02-18), 10-Q (filing date: 2015-10-30), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-04-30).

Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Colgate-Palmolive Co.’s current assets increased from Q4 2019 to Q1 2020 but then slightly decreased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Colgate-Palmolive Co.’s property, plant and equipment, net decreased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Colgate-Palmolive Co.’s non-current assets decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Colgate-Palmolive Co.’s total assets increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Colgate-Palmolive Co.’s cash and cash equivalents decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level.
Receivables, net of allowances Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Colgate-Palmolive Co.’s receivables, net of allowances increased from Q4 2019 to Q1 2020 but then decreased significantly from Q1 2020 to Q2 2020.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Colgate-Palmolive Co.’s inventories decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level.