Procter & Gamble Co. (PG)

Balance Sheet: Assets

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.

Procter & Gamble Co., consolidated balance sheet: assets

US$ in millions

	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017	Jun 30, 2016	Jun 30, 2015	Jun 30, 2014
Cash and cash equivalents	4,239	2,569	5,569	7,102	6,845	8,558
Available-for-sale investment securities	6,048	9,281	9,568	6,246	4,767	2,128
Accounts receivable	4,951	4,686	4,594	4,373	4,861	6,386
Inventories	5,017	4,738	4,624	4,716	5,454	6,759
Deferred income taxes	—	—	—	1,507	1,356	1,092
Prepaid expenses and other current assets	2,218	2,046	2,139	2,653	2,853	3,845
Current assets held for sale	—	—	—	7,185	3,510	2,849
Current assets	22,473	23,320	26,494	33,782	29,646	31,617
Property, plant and equipment, net	21,271	20,600	19,893	19,385	20,268	22,304
Goodwill	40,273	45,175	44,699	44,350	47,316	53,704
Trademarks and other intangible assets, net	24,215	23,902	24,187	24,527	26,829	30,843
Other noncurrent assets	6,863	5,313	5,133	5,092	5,436	5,798
Noncurrent assets	92,622	94,990	93,912	93,354	99,849	112,649
Total assets	115,095	118,310	120,406	127,136	129,495	144,266

Based on: 10-K (filing date: 2019-08-06), 10-K (filing date: 2018-08-07), 10-K (filing date: 2017-08-07), 10-K (filing date: 2016-08-09), 10-K (filing date: 2015-08-07), 10-K (filing date: 2014-08-08).

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.	Procter & Gamble Co.’s current assets decreased from 2017 to 2018 and from 2018 to 2019.
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.	Procter & Gamble Co.’s property, plant and equipment, net increased from 2017 to 2018 and from 2018 to 2019.
Noncurrent 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.	Procter & Gamble Co.’s noncurrent assets increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
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.	Procter & Gamble Co.’s total assets decreased from 2017 to 2018 and from 2018 to 2019.

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.	Procter & Gamble Co.’s cash and cash equivalents decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.
Available-for-sale investment securities	Amount of investment in marketable security, classified as current.	Procter & Gamble Co.’s available-for-sale investment securities decreased from 2017 to 2018 and from 2018 to 2019.
Accounts receivable	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.	Procter & Gamble Co.’s accounts receivable increased from 2017 to 2018 and from 2018 to 2019.
Inventories	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	Procter & Gamble Co.’s inventories increased from 2017 to 2018 and from 2018 to 2019.