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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Merck & Co. Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
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
- The cash and cash equivalents exhibit volatility over the periods presented, with notable peaks reaching 14,593 million US$ in June 2024. Following a period of increase from early 2020 to the end of 2022, there was a significant decline through mid-2023, before another surge in 2024, indicating fluctuations in liquidity or cash management.
- Short-term investments
- Short-term investments appear irregular and sparse in the early periods but become more consistently reported from 2022 onwards. Amounts fluctuate between 40 million and 718 million US$, with no clear upward or downward trend, suggesting a varying allocation to liquid investments.
- Accounts receivable, net
- Accounts receivable show a generally increasing trend from 7,577 million US$ in June 2020 to 11,846 million US$ in September 2024, with some minor short-term dips. This growth could indicate increasing sales or credit extended to customers, with a steady accumulation over the periods.
- Inventories
- Inventory levels slightly fluctuate but generally stabilize around the 6,000 million US$ mark, with a small increase towards the later periods, peaking in September 2024 at 6,601 million US$. This reflects relatively stable stock levels with minor growth over time.
- Other current assets
- Other current assets show an upward trend, increasing from 4,607 million US$ in June 2020 to nearly 10,000 million US$ by June 2025. This steady growth points to accumulating additional current assets aside from receivables, inventory, and cash.
- Current assets
- The total current assets rise steadily from 26,174 million US$ in March 2020 to a peak of 40,361 million US$ in June 2024, with some fluctuations. The upward trend is mainly supported by growth in accounts receivable and other current assets, reflecting an expansion in short-term resources.
- Investments
- Noncurrent investments display variable values with no strong trend but show occasional increases (e.g., 1,306 million US$ in December 2021) followed by declines. This volatility suggests a reactive or opportunistic investment approach in noncurrent assets.
- Property, plant and equipment, net
- Property, plant, and equipment steadily increase from 15,269 million US$ in March 2020 to 25,236 million US$ in June 2025. This consistent growth indicates ongoing capital expenditure and asset base expansion over the periods.
- Goodwill
- Goodwill remains relatively stable, fluctuating narrowly around 21,000 million US$. This stability suggests no major acquisitions or impairments significantly impacting reported goodwill during the time frame.
- Other intangibles, net
- Other intangible assets show a declining trend from a peak of approximately 22,933 million US$ in December 2021 down to 15,193 million US$ by June 2025. This reduction may be due to amortization or impairment of intangible assets.
- Other assets
- Other noncurrent assets increase steadily from 7,052 million US$ in March 2020 to 17,664 million US$ in June 2025, indicating accumulation or revaluation of additional asset categories over time.
- Noncurrent assets
- Overall noncurrent assets increase from 58,739 million US$ in March 2020 to 80,458 million US$ in June 2025. The increase reflects growth in property, plant, equipment, and other assets despite declining intangible assets.
- Total assets
- Total assets exhibit a consistent upward movement from 84,913 million US$ in March 2020 to a peak of 117,532 million US$ in June 2024, followed by a moderate decline and stabilization around 117,000 million US$. The overall increase indicates expansion in the asset base during the five-year period.