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Procter & Gamble Co. (PG)


Statement of Financial Position, Assets

Difficulty: Beginner

The statement of financial position 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 Statement of Financial Position, Assets

USD $ in millions

Microsoft Excel LibreOffice Calc
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

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 declined 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 declined 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 declined from 2017 to 2018 and from 2018 to 2019.

Current Assets, Selected Items

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 declined 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 declined 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.