Stock Analysis on Net
Stock Analysis on Net

Procter & Gamble Co. (NYSE:PG)

Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in millions

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Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014
Cash and cash equivalents 13,392  16,181  15,393  6,279  9,304  4,239  2,738  3,696  2,545  2,569  5,326  7,432  5,024  5,569  5,817  6,051  7,456  7,102  7,895  9,403  7,705  6,845  8,374  8,204  7,486 
Restricted cash —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  1,870  —  —  —  —  —  —  —  — 
Available-for-sale investment securities —  —  —  —  —  6,048  7,085  8,421  8,708  9,281  10,208  11,326  10,983  9,568  8,510  7,403  6,615  6,246  5,924  4,874  4,901  4,767  4,786  4,047  3,360 
Accounts receivable 5,043  4,178  4,640  5,196  5,143  4,951  5,198  5,055  5,035  4,686  5,149  5,182  4,942  4,594  4,358  4,729  4,713  4,373  4,591  4,721  4,724  4,861  4,990  5,802  6,197 
Materials and supplies 1,424  1,414  1,325  1,458  1,394  1,289  1,415  1,524  1,429  1,335  1,415  1,471  1,344  1,308  1,324  1,398  1,380  1,188  1,285  1,425  1,381  1,392  1,536  1,775  1,829 
Work in process 678  674  635  632  656  612  617  593  600  588  617  575  588  529  505  522  549  563  558  533  549  550  585  612  739 
Finished goods 3,605  3,410  3,370  3,431  3,415  3,116  3,326  3,164  3,153  2,815  3,175  3,085  3,091  2,787  2,925  2,867  3,070  2,965  3,114  3,167  3,309  3,512  3,772  4,090  4,532 
Inventories 5,707  5,498  5,330  5,521  5,465  5,017  5,358  5,281  5,182  4,738  5,207  5,131  5,023  4,624  4,754  4,787  4,999  4,716  4,957  5,125  5,239  5,454  5,893  6,477  7,100 
Deferred income taxes —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  1,507  1,189  1,173  1,334  1,356  820  816  916 
Prepaid expenses and other current assets 1,884  2,130  1,777  1,921  2,013  2,218  1,933  1,978  1,876  2,046  2,070  2,143  2,124  2,139  2,446  2,602  2,447  2,653  2,733  1,828  2,357  2,853  3,067  3,679  3,914 
Current assets held for sale —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  7,071  7,185  7,028  9,223  9,360  3,510  3,632  4,153  134 
Current assets 26,026  27,987  27,140  18,917  21,925  22,473  22,312  24,431  23,346  23,320  27,960  31,214  28,096  26,494  25,885  25,572  35,171  33,782  34,317  36,347  35,620  29,646  31,562  33,178  29,107 
Property, plant and equipment, net 20,876  20,692  20,459  21,250  20,901  21,271  20,993  20,822  20,590  20,600  20,925  20,420  20,108  19,893  19,219  18,778  19,310  19,385  19,186  18,910  19,081  20,268  20,043  20,745  21,799 
Goodwill 40,569  39,901  39,617  39,998  39,605  40,273  46,753  46,932  45,225  45,175  46,175  45,624  45,189  44,699  43,682  43,458  44,458  44,350  44,679  44,157  44,612  47,316  46,856  48,875  51,361 
Trademarks and other intangible assets, net 23,814  23,792  23,834  23,980  24,002  24,215  25,836  25,947  23,919  23,902  24,129  24,224  24,262  24,187  24,153  24,185  24,429  24,527  24,629  24,495  24,715  26,829  26,908  27,567  30,210 
Other noncurrent assets 8,614  8,328  7,510  7,578  7,625  6,863  5,779  5,555  5,360  5,313  5,180  5,162  5,196  5,133  5,152  5,040  5,675  5,092  4,697  5,234  5,237  5,436  5,568  5,898  5,706 
Noncurrent assets 93,873  92,713  91,420  92,806  92,133  92,622  99,361  99,256  95,094  94,990  96,409  95,430  94,755  93,912  92,206  91,461  93,872  93,354  93,191  92,796  93,645  99,849  99,375  103,085  109,076 
Total assets 119,899  120,700  118,560  111,723  114,058  115,095  121,673  123,687  118,440  118,310  124,369  126,644  122,851  120,406  118,091  117,033  129,043  127,136  127,508  129,143  129,265  129,495  130,937  136,263  138,183 

Based on: 10-Q (filing date: 2020-10-20), 10-K (filing date: 2020-08-06), 10-Q (filing date: 2020-04-20), 10-Q (filing date: 2020-01-23), 10-Q (filing date: 2019-10-22), 10-K (filing date: 2019-08-06), 10-Q (filing date: 2019-04-23), 10-Q (filing date: 2019-01-23), 10-Q (filing date: 2018-10-19), 10-K (filing date: 2018-08-07), 10-Q (filing date: 2018-04-19), 10-Q (filing date: 2018-01-23), 10-Q (filing date: 2017-10-20), 10-K (filing date: 2017-08-07), 10-Q (filing date: 2017-04-26), 10-Q (filing date: 2017-01-20), 10-Q (filing date: 2016-10-25), 10-K (filing date: 2016-08-09), 10-Q (filing date: 2016-04-26), 10-Q (filing date: 2016-01-26), 10-Q (filing date: 2015-10-23), 10-K (filing date: 2015-08-07), 10-Q (filing date: 2015-04-23), 10-Q (filing date: 2015-01-27), 10-Q (filing date: 2014-10-24).


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 increased from Q3 2020 to Q4 2020 but then decreased significantly from Q4 2020 to Q1 2021.
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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 increased from Q3 2020 to Q4 2020 but then slightly decreased from Q4 2020 to Q1 2021.

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 increased from Q3 2020 to Q4 2020 but then decreased significantly from Q4 2020 to Q1 2021.
Available-for-sale investment securities Amount of investment in marketable security, classified as current.
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 decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 exceeding Q3 2020 level.
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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.