Common-Size Balance Sheet: Assets
Quarterly Data
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- Cash Flow Statement
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2013
- Return on Equity (ROE) since 2013
- Total Asset Turnover since 2013
- Price to Operating Profit (P/OP) since 2013
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Twitter Inc., common-size consolidated balance sheet: assets (quarterly data)
Based on: 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets exhibits fluctuations over the analyzed periods. Initially starting at 17.29%, it rises to a peak of 28.72% in June 2018, then generally declines to around mid-teens by the end of 2020. In 2021, it again climbs to a high of 28.35% in March before decreasing to approximately 17-19% towards mid-2022. This indicates variability in liquidity levels, with periodic increases possibly reflecting cash accumulation phases.
- Short-term Investments
- Short-term investments consistently represent a significant portion of total assets, ranging mostly between 25% and 42%. There is a notable peak at 42.46% by the end of 2018, followed by a decreasing trend towards 25.33% by mid-2022. This trend suggests strategic shifts or reallocation of short-term investment portfolios over time with a reduction in exposure in later periods.
- Accounts Receivable, Net
- The percentage of accounts receivable relative to total assets generally remains modest and somewhat stable around 5% to 8%. Several periods show slight increases, such as the rise to 8.66% at the end of Q1 2022, which may indicate increased sales or credit extensions before that quarter. However, there is no clear upward or downward long-term trend discernible.
- Prepaid Expenses and Other Current Assets
- This category averages between 1% and 4% of total assets, showing a downward trajectory from approximately 3.6% in early 2017 to lows near 1% during the middle of the analyzed timeframe, with a slight increase toward 1.9% by early 2022. The trend likely reflects adjustments in advance payments and miscellaneous current asset management.
- Assets Held for Sale
- This item appears only in late periods, indicating negligible amounts initially but emerging at around 0.2-0.29% by early to mid-2022. The recognition of assets held for sale could reflect an emerging divestiture strategy or asset reallocation occurring recently.
- Current Assets
- Current assets as a percentage of total assets show a decreasing trend overall, starting at around 68% to 71% in earlier years, declining steadily to approximately 53.56% by mid-2022. The consistent decline suggests a gradual shift of asset allocation away from current towards longer-term classifications.
- Property and Equipment, Net
- The share of property and equipment rises steadily across the periods, from 11.35% at the start to about 16% by mid-2022. This suggests gradual investment in fixed assets, indicating a possible expansion or upgrade of physical capacity.
- Operating Lease Right-of-Use Assets
- This category appears only from late 2018 onward, showing a rising trend from 4.92% to over 10% by mid-2022. This is likely attributable to changes in accounting standards recognizing lease assets on the balance sheet, reflecting increasing commitments to operating leases.
- Intangible Assets, Net
- The intangible assets as a portion of total assets decrease slightly from just over 1% to below 0.5% in later periods, indicating modest amortization or impairment but overall limited scale compared to other asset categories.
- Goodwill
- Goodwill decreases significantly over the time frame, starting above 17% and falling to around 9-10% in the latter periods. This suggests asset write-downs or impairments or divestiture of acquired businesses contributing to goodwill content reduction.
- Deferred Tax Assets, Net
- Deferred tax assets show sporadic reporting but rise prominently from mid-2018 onwards reaching above 15% around 2019-2020, with subsequent reductions and fluctuations near 6-8% in recent periods. The initial spike might be linked to changes in tax position or recognition of deferred tax benefits followed by stabilization.
- Other Assets
- Other assets maintain a low but gradually increasing percentage, from approximately 1.3% in early years to near 3% by mid-2022, suggesting slow growth in miscellaneous or less significant asset categories.
- Long-term Assets
- Long-term assets as a total asset percentage rise significantly from roughly 28% in early periods to over 46% by mid-2022. This growth correlates with increases in property, equipment, and operating lease assets, reflecting an overall strategic shift towards longer-duration asset holdings.
- Total Assets
- The total assets are normalized to 100% across all periods for relative analysis purposes.