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.
Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
Total assets exhibited a consistent upward trajectory over the analyzed period, increasing from 42,036 million USD in March 2021 to 55,532 million USD by June 2026. This expansion was characterized by a steady rise in current assets and a significant escalation in noncurrent assets during the latter portion of the timeline.
- Current Asset Dynamics
- Current assets grew from 12,807 million USD to 20,244 million USD. This growth was primarily driven by a substantial increase in receivables, which rose from 5,269 million USD to 9,132 million USD, and inventories, which increased from 3,303 million USD to 5,436 million USD. Cash positions strengthened significantly, rising from 1,268 million USD in March 2021 to a peak of 3,544 million USD in December 2024, before stabilizing between 2,700 million USD and 3,200 million USD in the final quarters.
- Noncurrent Asset Volatility and Growth
- Noncurrent assets remained relatively stable at approximately 28,000 to 30,000 million USD until September 2025, where a sharp increase to 35,625 million USD was recorded. This surge is largely attributable to a significant jump in Goodwill, which rose to 17,007 million USD, and Intangible Assets, which spiked to 5,089 million USD from 2,893 million USD in the preceding quarter. Such a pattern typically indicates a major acquisition or strategic asset revaluation.
- Fixed Assets and Strategic Investments
- Fixed assets less accumulated depreciation showed a gradual growth trend, moving from 6,620 million USD in March 2021 to 7,745 million USD in June 2026. In contrast, investments in affiliated companies followed a general downward trend, declining from 2,090 million USD to 1,691 million USD, suggesting a shift in capital allocation away from affiliated entities.
- Liquidity Components
- Short-term investments displayed high volatility, starting at 1,642 million USD and experiencing several fluctuations, including a notable dip to 511 million USD in June 2025 followed by a recovery to 1,328 million USD by June 2026. This volatility suggests active management of liquid reserves to fund operational needs or strategic investments.
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