Name: Twitter Inc. (NYSE:TWTR) | Balance Sheet: Assets
Creator: Stock Analysis on Net

Balance Sheet: Assets

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.

Assets: Selected Items

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Current Assets: Selected Items

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Twitter Inc., consolidated balance sheet: assets

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Cash and cash equivalents	2,186,549)	1,988,429)	1,799,082)	1,894,444)	1,638,413)
Short-term investments	4,207,133)	5,483,873)	4,839,970)	4,314,957)	2,764,689)
Accounts receivable, net of allowance for doubtful accounts	1,217,404)	1,041,743)	850,184)	788,700)	664,268)
Prepaid expenses and other current assets	266,484)	123,063)	130,839)	112,935)	254,514)
Assets held for sale	40,800)	—)	—)	—)	—)
Current assets	7,918,370)	8,637,108)	7,620,075)	7,111,036)	5,321,884)
Property and equipment, net	2,082,160)	1,493,794)	1,031,781)	885,078)	773,715)
Operating lease right-of-use assets	1,195,124)	930,139)	697,095)	—)	—)
Intangible assets, net	69,324)	58,338)	55,106)	45,025)	49,654)
Goodwill	1,301,520)	1,312,346)	1,256,699)	1,227,269)	1,188,935)
Deferred tax assets, net	1,148,573)	796,326)	1,908,086)	808,459)	10,455)
Other assets	344,445)	151,039)	134,547)	85,705)	67,834)
Long-term assets	6,141,146)	4,741,982)	5,083,314)	3,051,536)	2,090,593)
Total assets	14,059,516)	13,379,090)	12,703,389)	10,162,572)	7,412,477)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Total assets exhibited a consistent upward trajectory over the five-year period, increasing from approximately 7.41 billion USD in 2017 to 14.06 billion USD by the end of 2021. This growth reflects a significant expansion of the company's asset base, nearly doubling in value over the analyzed timeframe.

Liquidity and Current Assets: Current assets grew steadily from 2017 through 2020, peaking at 8.64 billion USD before experiencing a slight contraction to 7.92 billion USD in 2021. Cash and cash equivalents showed a stable increase, rising from 1.64 billion USD in 2017 to 2.19 billion USD in 2021. Short-term investments acted as a primary driver of current asset volatility, peaking at 5.48 billion USD in 2020 before declining to 4.21 billion USD in 2021. Additionally, accounts receivable, net, demonstrated a consistent year-over-year increase, growing from 664 million USD in 2017 to 1.22 billion USD in 2021, suggesting an increase in credit sales or a slower collection cycle.
Fixed and Long-term Assets: Long-term assets saw substantial growth, rising from 2.09 billion USD in 2017 to 6.14 billion USD in 2021. A significant portion of this increase is attributed to property and equipment, net, which grew from 773 million USD to 2.08 billion USD. The introduction of operating lease right-of-use assets in 2019, starting at 697 million USD and reaching 1.20 billion USD by 2021, indicates a structural shift in how lease obligations were recorded. Goodwill remained relatively stable, fluctuating slightly around the 1.2 billion to 1.3 billion USD range.
Deferred Tax and Other Assets: Deferred tax assets, net, exhibited significant volatility, rising sharply from 10 million USD in 2017 to a peak of 1.91 billion USD in 2019, before fluctuating to 1.15 billion USD by 2021. Other assets also showed a marked increase toward the end of the period, growing from 67 million USD in 2017 to 344 million USD in 2021. The 2021 period also saw the first appearance of assets held for sale, valued at 40.8 million USD.

The overall asset composition shifted toward a higher proportion of long-term assets over time. While the company maintained a strong liquidity position through substantial cash and short-term investment holdings, the aggressive growth in property and equipment and the recognition of right-of-use assets indicate an increase in capital intensity and a larger fixed asset footprint.

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