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Twitter Inc. (NYSE:TWTR)

This company has been moved to the archive! The financial data has not been updated since July 26, 2022.

Common-Size Balance Sheet: Assets
Quarterly Data

Twitter Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 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
Cash and cash equivalents 19.74 16.85 15.55 23.81 26.92 28.35 14.86 16.82 24.81 25.58 14.16 16.11 17.43 20.17 18.64 19.79 28.72 21.24 22.10 22.42 18.50 17.29
Short-term investments 25.33 29.36 29.92 26.99 29.25 30.42 40.99 41.87 37.09 31.07 38.10 34.02 35.97 37.79 42.46 41.33 35.17 38.83 37.30 37.76 40.09 39.93
Accounts receivable, net of allowance for doubtful accounts 7.16 7.00 8.66 6.95 6.23 5.67 7.79 5.71 4.79 4.85 6.69 5.90 5.75 6.14 7.76 6.38 6.94 8.12 8.96 7.21 7.53 7.27
Prepaid expenses and other current assets 1.33 1.96 1.90 1.34 1.09 1.38 0.92 1.23 1.02 1.04 1.03 1.07 0.85 1.00 1.11 1.45 2.98 3.56 3.43 3.31 3.39 3.63
Assets held for sale 0.00 0.00 0.29 0.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Current assets 53.56% 55.17% 56.32% 59.28% 63.49% 65.83% 64.56% 65.63% 67.70% 62.53% 59.98% 57.10% 60.00% 65.10% 69.97% 68.95% 73.81% 71.75% 71.80% 70.70% 69.51% 68.12%
Property and equipment, net 16.02 15.87 14.81 14.08 12.30 10.81 11.17 10.64 9.11 7.99 8.12 8.57 7.85 8.19 8.71 9.28 10.32 10.64 10.44 10.65 11.22 11.35
Operating lease right-of-use assets 10.11 9.39 8.50 7.65 7.52 6.68 6.95 6.33 5.10 4.92 5.49 5.72 5.55 6.35 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Intangible assets, net 0.39 0.44 0.49 0.32 0.38 0.42 0.44 0.45 0.51 0.48 0.43 0.40 0.41 0.36 0.44 0.46 0.56 0.59 0.67 0.77 0.94 1.15
Goodwill 9.60 9.58 9.26 8.87 8.65 8.79 9.81 9.85 10.24 9.38 9.89 10.72 9.96 11.02 12.08 12.60 13.87 15.80 16.04 16.79 17.04 17.17
Deferred tax assets, net 7.35 6.95 8.17 7.77 6.11 6.23 5.95 6.05 6.27 13.71 15.02 16.35 15.61 8.24 7.96 7.86 0.00 0.00 0.00 0.00 0.00 0.00
Other assets 2.97 2.60 2.45 2.03 1.56 1.25 1.13 1.05 1.07 1.00 1.06 1.14 0.63 0.73 0.84 0.86 1.44 1.23 1.06 1.10 1.30 2.20
Long-term assets 46.44% 44.83% 43.68% 40.72% 36.51% 34.17% 35.44% 34.37% 32.30% 37.47% 40.02% 42.90% 40.00% 34.90% 30.03% 31.05% 26.19% 28.25% 28.20% 29.30% 30.49% 31.88%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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).

The asset structure exhibits a progressive shift from high liquidity toward a greater concentration of long-term assets over the analyzed period. Current assets, which represented 68.12% of total assets in March 2017, declined steadily to 53.56% by June 2022. Conversely, long-term assets increased from 31.88% to 46.44% during the same timeframe, indicating a strategic reallocation of the balance sheet composition.

Liquidity and Current Asset Trends
A significant reduction in short-term investments is observed, falling from a peak of 42.46% in December 2018 to 25.33% by June 2022. Cash and cash equivalents remained volatile, fluctuating between 14% and 28%, though they generally failed to offset the decline in short-term investments. Accounts receivable remained relatively stable, consistently oscillating between approximately 4.7% and 8.9% of total assets, suggesting a consistent relationship between revenue recognition and asset size.
Long-term Asset Growth and Composition
The expansion of long-term assets is primarily driven by increases in physical and leased infrastructure. Property and equipment, net, grew from 11.35% to 16.02%. Operating lease right-of-use assets, which first appeared in the data in March 2019 at 6.35%, showed a consistent upward trajectory to reach 10.11% by June 2022, reflecting a growing reliance on leased assets.
Intangibles and Other Long-term Items
Goodwill experienced a persistent downward trend, decreasing from 17.17% in March 2017 to 9.60% in June 2022, which may indicate asset impairment or a dilution effect as other asset classes grew. Deferred tax assets showed significant volatility, peaking at 16.35% in September 2019 before normalizing to 7.35% by the end of the period. Intangible assets remained a marginal component of the total asset base, consistently staying below 1.2%.

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