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

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.

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

US$ in millions

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Cash and cash equivalents	819)	867)	775)	938)	858)	877)	832)	958)	937)	995)	888)	989)	997)	854)	883)	948)	863)	843)	726)	841)	833)	851)
Receivables, net of allowances	1,656)	1,590)	1,504)	1,425)	1,490)	1,532)	1,297)	1,424)	1,443)	1,402)	1,264)	1,292)	1,231)	1,551)	1,440)	1,495)	1,590)	1,547)	1,400)	1,532)	1,545)	1,644)
Inventories	2,039)	2,110)	2,074)	2,073)	2,012)	1,924)	1,692)	1,670)	1,700)	1,676)	1,673)	1,578)	1,524)	1,301)	1,400)	1,371)	1,322)	1,278)	1,250)	1,245)	1,254)	1,312)
Other current assets	923)	899)	760)	842)	800)	656)	576)	618)	572)	490)	513)	508)	460)	542)	456)	535)	480)	465)	417)	523)	540)	485)
Current assets	5,437)	5,466)	5,113)	5,278)	5,160)	4,989)	4,397)	4,670)	4,652)	4,563)	4,338)	4,367)	4,212)	4,248)	4,179)	4,349)	4,255)	4,133)	3,793)	4,141)	4,172)	4,292)
Property, plant and equipment, cost	9,988)	9,815)	9,583)	9,318)	9,014)	9,043)	8,899)	8,827)	8,848)	8,637)	8,751)	8,380)	8,197)	8,167)	8,580)	8,389)	8,476)	8,398)	8,336)	8,451)	8,408)	8,648)
Accumulated depreciation	(5,557)	(5,452)	(5,276)	(5,195)	(5,249)	(5,291)	(5,169)	(5,194)	(5,183)	(5,028)	(5,035)	(4,874)	(4,714)	(4,680)	(4,830)	(4,700)	(4,683)	(4,577)	(4,455)	(4,580)	(4,500)	(4,561)
Property, plant and equipment, net	4,431)	4,363)	4,307)	4,123)	3,765)	3,752)	3,730)	3,633)	3,665)	3,609)	3,716)	3,506)	3,483)	3,487)	3,750)	3,689)	3,793)	3,821)	3,881)	3,871)	3,908)	4,087)
Goodwill	3,373)	3,375)	3,352)	3,538)	3,238)	3,292)	3,284)	3,685)	3,753)	3,701)	3,824)	3,711)	3,628)	3,559)	3,508)	3,532)	2,536)	2,517)	2,530)	2,539)	2,483)	2,572)
Other intangible assets, net	1,901)	1,918)	1,920)	2,219)	2,314)	2,415)	2,462)	2,719)	2,787)	2,787)	2,894)	2,838)	2,787)	2,822)	2,667)	2,535)	1,609)	1,612)	1,637)	1,660)	1,735)	1,782)
Deferred income taxes	186)	179)	135)	182)	188)	193)	193)	260)	283)	201)	291)	208)	224)	179)	177)	165)	167)	164)	152)	165)	156)	187)
Other assets	899)	872)	904)	948)	1,046)	1,082)	974)	913)	859)	940)	857)	836)	807)	775)	753)	756)	791)	636)	168)	195)	196)	224)
Non-current assets	10,790)	10,707)	10,618)	11,010)	10,551)	10,734)	10,643)	11,210)	11,347)	11,238)	11,582)	11,099)	10,929)	10,822)	10,855)	10,677)	8,896)	8,750)	8,368)	8,430)	8,478)	8,852)
Total assets	16,227)	16,173)	15,731)	16,288)	15,711)	15,723)	15,040)	15,880)	15,999)	15,801)	15,920)	15,466)	15,141)	15,070)	15,034)	15,026)	13,151)	12,883)	12,161)	12,571)	12,650)	13,144)

Total assets experienced a steady upward trajectory, increasing from US$ 13,144 million in March 2018 to US$ 16,227 million by June 2023. This growth was characterized by a significant step-increase in late 2019 and a consistent rise in operational assets, particularly inventories, toward the end of the analyzed period.

Current Asset Dynamics: Current assets grew from US$ 4,292 million in March 2018 to US$ 5,437 million in June 2023. The primary driver of this increase was the substantial expansion of inventories, which rose from US$ 1,312 million to US$ 2,039 million, representing a growth of approximately 55%. Receivables exhibited volatility, dipping to a low of US$ 1,231 million in June 2020 before recovering to US$ 1,656 million by June 2023. Cash and cash equivalents remained relatively stable, generally fluctuating between US$ 700 million and US$ 1 billion throughout the five-year period.
Fixed Asset Investment: Gross property, plant, and equipment (PP&E) cost demonstrated a consistent long-term increase, rising from US$ 8,648 million in March 2018 to US$ 9,988 million in June 2023. While accumulated depreciation also increased over time, net PP&E reached its lowest point in mid-2020 at US$ 3,483 million before trending upward to US$ 4,431 million by June 2023, indicating a period of intensified capital expenditure and asset modernization in the latter half of the data set.
Intangible Assets and Strategic Acquisitions: A sharp increase in non-current assets occurred between June 2019 and September 2019. During this quarter, goodwill surged from US$ 2,536 million to US$ 3,532 million, and other intangible assets, net, rose from US$ 1,609 million to US$ 2,535 million. This pattern is indicative of a major acquisition. Following this peak, both goodwill and intangible assets saw a gradual decline or stabilization, with intangibles decreasing to US$ 1,901 million by June 2023, likely reflecting amortization and impairment charges.
Overall Asset Composition: The balance sheet shifted toward a higher concentration of current assets and net fixed assets over time. Non-current assets grew from US$ 8,852 million to US$ 10,790 million, supported by the aforementioned acquisition and the rise in net PP&E. Other assets also showed a notable increase, growing from US$ 224 million in March 2018 to US$ 899 million in June 2023, contributing to the overall expansion of the asset base.

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Colgate-Palmolive Co. (NYSE:CL)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data