Balance Sheet: Assets

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.

Procter & Gamble Co., consolidated balance sheet: assets

US$ in millions

	Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019
Cash and cash equivalents	9,482)	8,246)	7,214)	10,288)	16,181)	4,239)
Available-for-sale investment securities	—)	—)	—)	—)	—)	6,048)
Accounts receivable	6,118)	5,471)	5,143)	4,725)	4,178)	4,951)
Inventories	7,016)	7,073)	6,924)	5,983)	5,498)	5,017)
Prepaid expenses and other current assets	2,093)	1,858)	2,372)	2,095)	2,130)	2,218)
Current assets	24,709)	22,648)	21,653)	23,091)	27,987)	22,473)
Property, plant and equipment, net	22,152)	21,909)	21,195)	21,686)	20,692)	21,271)
Goodwill	40,303)	40,659)	39,700)	40,924)	39,901)	40,273)
Trademarks and other intangible assets, net	22,047)	23,783)	23,679)	23,642)	23,792)	24,215)
Other noncurrent assets	13,159)	11,830)	10,981)	9,964)	8,328)	6,863)
Noncurrent assets	97,661)	98,181)	95,555)	96,216)	92,713)	92,622)
Total assets	122,370)	120,829)	117,208)	119,307)	120,700)	115,095)

Based on: 10-K (reporting date: 2024-06-30), 10-K (reporting date: 2023-06-30), 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30).

The analysis of the annual financial data reveals multiple trends regarding the company's asset structure over the recent six-year period evaluated.

Cash and Cash Equivalents: Cash reserves exhibited a significant increase from 2019 to 2020, nearly quadrupling from approximately $4.2 billion to $16.2 billion. This peak was followed by a decline over the next two years, with the balance dropping to around $7.2 billion by mid-2022. Subsequently, cash holdings showed a gradual recovery, increasing to roughly $9.5 billion by mid-2024.
Available-for-Sale Investment Securities: The data on available-for-sale investment securities is only available for 2019, showing about $6.0 billion. No values were reported in subsequent years, which might suggest a change in classification or reporting methodology.
Accounts Receivable: Accounts receivable displayed a dip in 2020, decreasing from approximately $5.0 billion in 2019 to $4.2 billion, but then steadily increased annually, reaching about $6.1 billion by mid-2024. This upward trend post-2020 indicates growing sales on credit or extended customer payment terms.
Inventories: Inventories followed a generally upward trend, rising from around $5.0 billion in 2019 to a peak near $7.1 billion in 2023, with a slight decrease noted in 2024 to approximately $7.0 billion. This suggests an accumulation of stock over time with minor stabilization at the end of the period.
Prepaid Expenses and Other Current Assets: This category remained relatively stable, fluctuating around $2.1 billion to $2.3 billion, with a noticeable dip to about $1.9 billion in 2023 before increasing again in 2024. These variations indicate minor changes in prepaid items or other current asset components.
Current Assets: Overall current assets increased from $22.5 billion in 2019 to a peak near $28.0 billion in 2020, followed by a decline to about $21.7 billion in 2022. Thereafter, current assets recovered gradually, reaching approximately $24.7 billion by 2024. The volatility largely aligns with movements in cash and receivables.
Property, Plant and Equipment, Net: The net value of property, plant, and equipment remained relatively stable, fluctuating narrowly around $21.5 billion to $22.2 billion across the six years. No significant capital expenditure or disposals appear evident within this period.
Goodwill: Goodwill values were fairly constant, hovering close to $40 billion, with minor fluctuations from a high near $40.9 billion in 2021 to a low around $39.7 billion in 2022 before slightly increasing again. This stability suggests limited changes in acquisitions or impairment activities.
Trademarks and Other Intangible Assets, Net: This intangible asset category remained stable around $23.6 billion through 2023 but declined notably to about $22.0 billion by mid-2024. The decrease might signal amortization or impairment factors impacting intangible assets.
Other Noncurrent Assets: Other noncurrent assets showed a consistent increasing trend, rising from approximately $6.9 billion in 2019 to about $13.2 billion in 2024. This suggests ongoing investments or accumulation of assets classified as noncurrent beyond primary categories.
Noncurrent Assets: Noncurrent assets experienced modest growth from $92.6 billion in 2019 to a peak near $98.2 billion in 2023, with a marginal decrease to $97.7 billion by 2024. The growth is primarily supported by increases in other noncurrent assets, while property, plant, and equipment and goodwill showed stability.
Total Assets: Total assets depicted a generally upward trajectory from approximately $115.1 billion in 2019 to about $122.4 billion in 2024, despite some fluctuations. The peak was reached around 2020 and 2023, indicating overall asset base growth with some cyclical variation.

In summary, the asset composition indicates a dynamic liquidity position with fluctuations in cash balances, steady growth in receivables and inventories, and stable long-term tangible and intangible assets. The company has increasingly augmented other noncurrent assets, which contributes to a modest but positive increase in total assets over the six-year span.

Assets: Selected Items

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Current Assets: Selected Items

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Procter & Gamble Co. (NYSE:PG)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items