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.

Pfizer Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Sep 28, 2025	Jun 29, 2025	Mar 30, 2025	Dec 31, 2024	Sep 29, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Oct 1, 2023	Jul 2, 2023	Apr 2, 2023	Dec 31, 2022	Oct 2, 2022	Jul 3, 2022	Apr 3, 2022	Dec 31, 2021	Oct 3, 2021	Jul 4, 2021	Apr 4, 2021	Dec 31, 2020	Sep 27, 2020	Jun 28, 2020	Mar 29, 2020
Cash and cash equivalents	1,343)	1,638)	1,430)	1,043)	1,092)	1,052)	719)	2,853)	3,148)	2,632)	2,166)	416)	1,298)	1,780)	2,470)	1,944)	1,966)	2,372)	1,768)	1,784)	1,587)	1,801)	2,151)
Short-term investments	13,641)	11,611)	15,887)	19,434)	8,860)	6,048)	11,209)	9,837)	41,033)	42,153)	17,806)	22,316)	34,825)	31,524)	21,427)	29,125)	27,730)	19,328)	11,899)	10,437)	8,912)	9,581)	8,199)
Restricted short-term investments	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	11,413)	11,412)	—)
Trade accounts receivable, net of allowance for doubtful accounts	14,260)	12,078)	11,845)	11,463)	14,451)	11,393)	10,989)	11,177)	11,086)	10,231)	12,305)	10,952)	16,076)	15,155)	13,225)	11,479)	11,897)	10,587)	9,864)	7,930)	10,012)	9,128)	9,881)
Inventories	11,468)	11,669)	10,852)	10,851)	11,721)	11,447)	10,892)	10,189)	10,204)	10,310)	9,541)	8,981)	9,513)	10,454)	9,979)	9,059)	8,640)	8,948)	8,493)	8,046)	9,295)	8,564)	8,423)
Current tax assets	3,855)	4,016)	2,900)	3,314)	3,243)	3,694)	4,233)	3,978)	3,917)	3,194)	3,140)	3,577)	2,544)	2,583)	3,117)	4,266)	3,877)	3,761)	3,419)	3,264)	4,000)	3,426)	3,346)
Other current assets	2,357)	2,691)	2,947)	4,253)	3,856)	4,191)	4,373)	5,299)	4,624)	4,827)	5,120)	5,017)	6,147)	5,970)	4,202)	3,820)	3,790)	3,818)	4,090)	3,606)	2,520)	2,512)	2,738)
Current assets	46,924)	43,703)	45,861)	50,358)	43,223)	37,825)	42,415)	43,333)	74,012)	73,347)	50,078)	51,259)	70,403)	67,466)	54,420)	59,693)	57,900)	48,814)	39,533)	35,067)	47,739)	46,424)	34,738)
Long-term investments	2,137)	2,120)	2,013)	2,228)	10,762)	11,148)	11,613)	15,368)	14,239)	15,066)	14,743)	15,069)	13,888)	18,962)	20,737)	21,526)	21,597)	20,942)	20,228)	20,262)	19,008)	18,720)	18,220)
Property, plant and equipment, net of accumulated depreciation	18,880)	18,776)	18,347)	18,393)	18,541)	18,957)	18,803)	18,940)	17,862)	17,488)	17,052)	16,274)	15,441)	15,244)	15,109)	14,882)	14,436)	14,224)	14,011)	13,900)	14,403)	14,113)	14,040)
Identifiable intangible assets, net	51,324)	52,702)	53,976)	55,411)	59,986)	61,240)	62,829)	64,900)	40,224)	41,406)	42,002)	43,370)	28,151)	29,065)	29,816)	25,146)	26,306)	27,323)	27,974)	28,471)	30,927)	33,541)	34,464)
Goodwill	69,101)	68,997)	68,444)	68,527)	68,570)	68,445)	69,297)	67,783)	51,527)	51,572)	51,476)	51,375)	48,441)	49,891)	50,211)	49,208)	49,489)	49,867)	49,791)	49,577)	59,902)	58,449)	58,502)
Noncurrent deferred tax assets and other noncurrent tax assets	11,048)	10,343)	9,542)	8,662)	7,909)	7,867)	4,942)	3,706)	8,350)	8,261)	7,302)	6,693)	7,136)	7,002)	5,668)	3,341)	2,755)	2,694)	2,537)	2,383)	2,649)	2,360)	2,207)
Other noncurrent assets	9,317)	9,454)	9,845)	9,817)	10,485)	10,711)	11,196)	12,471)	8,807)	13,028)	12,964)	13,165)	10,890)	7,660)	7,880)	7,680)	6,705)	6,056)	4,744)	4,569)	4,355)	4,327)	4,165)
Noncurrent assets	161,807)	162,392)	162,167)	163,038)	176,253)	178,368)	178,680)	183,168)	141,009)	146,821)	145,539)	145,946)	123,947)	127,824)	129,421)	121,783)	121,288)	121,106)	119,285)	119,162)	131,244)	131,510)	131,598)
Total assets	208,731)	206,095)	208,028)	213,396)	219,476)	216,193)	221,095)	226,501)	215,021)	220,168)	195,617)	197,205)	194,350)	195,290)	183,841)	181,476)	179,188)	169,920)	158,818)	154,229)	178,983)	177,934)	166,336)

Cash and cash equivalents: The cash and cash equivalents generally fluctuate across the periods with an initial downward trend from early 2020 to late 2020, followed by a significant rebound and peak around late 2023. Subsequently, the cash balance declines again into mid-2024 and remains relatively stable through 2025, indicating periods of cash accumulation and drawdown.
Short-term investments: Short-term investments show a substantial increase from early 2020 to the end of 2021, reaching a notable peak. However, after this period, there is a sharp decline through mid-2024 before a slight recovery towards the end of the available timeline. This pattern suggests active portfolio adjustments or redemptions.
Restricted short-term investments: Data for restricted short-term investments is only available in 2020, where the amounts remain stable around 11,400 million USD, with no subsequent data to analyze the trend beyond that year.
Trade accounts receivable, net: This asset experiences moderate variability, rising from just under 10,000 million USD in early 2020 to a peak exceeding 16,000 million USD in late 2022. After this peak, there is a sharp decline in receivables. The values stabilize near 12,000 to 14,000 million USD by 2025, indicating fluctuations in credit sales or collection efficiency.
Inventories: Inventories mostly trend upward from 2020 to mid-2024, moving from approximately 8,400 million USD to over 11,700 million USD. There are minor dips along the way, but the overall pattern suggests an accumulation of stock, possibly in response to sales forecasting or supply chain management.
Current tax assets: Current tax assets show fluctuation without a clear upward or downward trend. Starting near 3,300 million USD, the value peaks to roughly 4,300 million USD and dips below 3,000 million USD multiple times, indicating variability in tax payments or refunds across periods.
Other current assets: Other current assets exhibit minor fluctuations but generally experience a slight increase through mid-2022, followed by a gradual decline towards 2025, reflecting changes in miscellaneous current holdings.
Current assets: Current assets have notable volatility, rising sharply from around 35,000 million USD to over 73,000 million USD by late 2023. After this peak, there is a pronounced drop in early 2024, with values stabilizing around 43,000 to 50,000 million USD through 2025, denoting changes in liquidity management or working capital.
Long-term investments: Long-term investments remained relatively stable around 19,000 to 21,500 million USD through early 2021, then declined markedly after 2022 to under 3,000 million USD by 2025, indicating significant disposals or write-downs in long-term assets.
Property, plant and equipment, net: This asset class shows a consistent upward trajectory from about 14,000 million USD in early 2020 to nearly 19,000 million USD by late 2024, with minor fluctuations, indicating continued investment and asset growth in fixed assets.
Identifiable intangible assets, net: Intangible assets declined steadily from over 34,000 million USD in early 2020 to around 25,000 million USD by the end of 2021, followed by a sharp rise to 43,000 million USD in late 2022. Significant growth occurs thereafter, peaking near 65,000 million USD by late 2023, then gradually decreasing to about 51,000 million USD by late 2025, suggesting acquisitions or revaluations occurred around late 2022 and subsequent amortization or impairments afterward.
Goodwill: Goodwill holds relatively stable values around 49,000 to 59,000 million USD through early 2021, with a substantial increase to nearly 69,000 million USD by mid-2023. This increase likely reflects notable acquisition activity or reclassification events within goodwill during this period.
Noncurrent deferred tax assets and other noncurrent tax assets: These tax assets grow consistently from approximately 2,200 million USD in early 2020 to over 11,000 million USD by late 2025, demonstrating a positive trend in deferred tax recognition or other long-term tax benefits.
Other noncurrent assets: Other noncurrent assets began near 4,000 million USD in early 2020, rose steadily to a peak exceeding 13,000 million USD by late 2022, and then decreased to near 9,300 million USD by late 2025. This pattern suggests significant investments or reclassifications into this category followed by asset disposals or write-downs.
Noncurrent assets: Overall noncurrent assets remain fairly stable around 130,000 million USD through 2021, then jump sharply to a peak over 183,000 million USD by late 2023. Subsequently, there is a downward trend to about 161,000 million USD by late 2025, reflecting large acquisitions followed by dispositions or amortization.
Total assets: Total assets increase steadily from about 166,000 million USD in early 2020 to over 220,000 million USD by late 2023, signifying asset growth through acquisitions or organic expansion. However, a gradual decline follows, reducing total assets to approximately 208,000 million USD by late 2025, indicating asset disposals or depreciation reducing the overall asset base.

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Pfizer Inc. (NYSE:PFE)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data