Stock Analysis on Net
Stock Analysis on Net

Pfizer Inc. (NYSE:PFE)

Common-Size Balance Sheet: Assets 

Pfizer Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents 0.49 1.26 0.21 1.07 1.16
Short-term investments 9.11 4.34 11.32 16.05 6.77
Trade accounts receivable, less allowance for doubtful accounts 5.37 4.93 5.55 6.33 5.14
Inventories 5.08 4.50 4.55 4.99 5.22
Current tax assets 1.55 1.76 1.81 2.35 2.12
Other current assets 1.99 2.34 2.54 2.10 2.23
Current assets of discontinued operations and other assets held for sale 0.00 0.00 0.00 0.00 0.11
Current assets 23.60% 19.13% 25.99% 32.89% 22.74%
Equity-method investments 0.10 5.14 5.59 9.08 10.93
Long-term investments 0.94 1.65 2.05 2.78 2.21
Property, plant and equipment, net 8.62 8.36 8.25 8.20 9.01
Identifiable intangible assets, net 25.97 28.65 21.99 13.86 18.46
Goodwill 32.11 29.93 26.05 27.12 32.15
Noncurrent deferred tax assets and other noncurrent tax assets 4.06 1.64 3.39 1.84 1.55
Other noncurrent assets 4.60 5.51 6.68 4.23 2.96
Noncurrent assets 76.40% 80.87% 74.01% 67.11% 77.26%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets shows variability over the observed periods. It started at 1.16%, declined to a low of 0.21% in 2022, rebounded to 1.26% in 2023, then decreased again to 0.49% in 2024. This suggests fluctuating liquidity positions.
Short-term Investments
There was a notable increase in short-term investments from 6.77% in 2020 to a peak of 16.05% in 2021, followed by a decline to 4.34% in 2023. A partial recovery to 9.11% occurred in 2024. This indicates active management of short-term securities with shifts likely influenced by market conditions or strategic repositioning.
Trade Accounts Receivable
The percentage of trade accounts receivable fluctuated modestly, increasing from 5.14% in 2020 to 6.33% in 2021, then decreasing and stabilizing around 5.37% by 2024. This suggests a relatively stable credit sales volume or consistent collection periods over time.
Inventories
The inventory level as a percentage of total assets showed a slight downward trend from 5.22% in 2020 to 4.5% in 2023, with a rise back to 5.08% in 2024. This reflects minor adjustments in stock management or production cycles.
Current Tax Assets
Current tax assets decreased steadily from 2.12% in 2020 to 1.55% in 2024, indicating a diminishing proportion of recoverable taxes relative to total assets.
Other Current Assets
These assets declined gradually from 2.23% in 2020 to 1.99% in 2024, suggesting a reduction in miscellaneous current asset categories or improved asset utilization.
Current Assets
The total current assets exhibited significant variation: starting at 22.74% in 2020, rising sharply to 32.89% in 2021, then dropping to 19.13% in 2023, before recovering somewhat to 23.6% in 2024. This volatility reflects shifts in liquidity and working capital management.
Equity-method Investments
There was a marked decline in equity-method investments from 10.93% in 2020 to a minimal 0.1% in 2024. This could indicate disposals, impairments, or strategic shifts away from equity investments in affiliates or joint ventures.
Long-term Investments
Long-term investments decreased progressively from 2.21% in 2020 to 0.94% in 2024, suggesting divestment or reclassification of these assets over time.
Property, Plant and Equipment, Net
This asset category remained relatively stable, fluctuating slightly around 8% of total assets, with a small increase to 8.62% in 2024. This reflects consistent investment in or maintenance of fixed assets.
Identifiable Intangible Assets, Net
The proportion of identifiable intangible assets showed substantial growth, rising from 18.46% in 2020 to a peak of 28.65% in 2023, then slightly declining to 25.97% in 2024. This indicates considerable acquisition or development of intangible assets such as patents or trademarks during the period.
Goodwill
Goodwill as a percentage of total assets decreased from 32.15% in 2020 to 26.05% in 2022, then increased again to 32.11% by 2024. This suggests fluctuations likely related to acquisitions or impairments.
Noncurrent Deferred Tax Assets and Other Noncurrent Tax Assets
These assets showed variation, rising from 1.55% in 2020 to 4.06% in 2024, with some oscillation in intermediate years. This may reflect changes in deferred tax recognition or tax strategy adjustments.
Other Noncurrent Assets
Other noncurrent assets increased from 2.96% in 2020 to a peak of 6.68% in 2022, then decreased to 4.6% in 2024. This indicates active management or reclassification of miscellaneous long-term assets.
Noncurrent Assets
The overall proportion of noncurrent assets showed an increasing trend from 77.26% in 2020 to 80.87% in 2023, then declining to 76.4% in 2024. This reflects a general emphasis on long-term asset holdings throughout the period.