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.

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

US$ in thousands

	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	2,680,596)	2,283,308)	2,186,549)	3,473,865)	4,125,595)	4,248,702)	1,988,429)	2,201,073)	3,112,454)	3,463,349)	1,799,082)	1,869,444)	2,183,111)	2,247,661)	1,894,444)	1,928,929)	2,544,641)	1,601,028)	1,638,413)	1,586,558)	1,288,323)	1,191,566)
Short-term investments	3,440,147)	3,978,645)	4,207,133)	3,937,447)	4,481,468)	4,557,585)	5,483,873)	5,479,974)	4,653,560)	4,207,315)	4,839,970)	3,946,940)	4,503,427)	4,212,231)	4,314,957)	4,027,614)	3,116,474)	2,927,803)	2,764,689)	2,671,538)	2,791,589)	2,752,111)
Accounts receivable, net of allowance for doubtful accounts	972,591)	948,142)	1,217,404)	1,014,208)	954,265)	850,075)	1,041,743)	747,548)	600,777)	656,377)	850,184)	684,186)	719,904)	684,220)	788,700)	621,943)	614,944)	611,840)	664,268)	509,854)	524,064)	501,153)
Prepaid expenses and other current assets	180,247)	265,973)	266,484)	194,914)	166,813)	207,380)	123,063)	160,984)	128,496)	140,538)	130,839)	123,881)	106,341)	111,673)	112,935)	141,274)	264,445)	268,564)	254,514)	234,472)	236,126)	250,502)
Assets held for sale	—)	—)	40,800)	28,800)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current assets	7,273,581)	7,476,068)	7,918,370)	8,649,234)	9,728,141)	9,863,742)	8,637,108)	8,589,579)	8,495,287)	8,467,579)	7,620,075)	6,624,451)	7,512,783)	7,255,785)	7,111,036)	6,719,760)	6,540,504)	5,409,235)	5,321,884)	5,002,422)	4,840,102)	4,695,332)
Property and equipment, net	2,175,290)	2,150,581)	2,082,160)	2,053,480)	1,884,790)	1,620,001)	1,493,794)	1,392,720)	1,142,601)	1,081,371)	1,031,781)	994,266)	982,513)	913,096)	885,078)	904,027)	914,795)	801,912)	773,715)	753,317)	781,272)	782,421)
Operating lease right-of-use assets	1,372,465)	1,272,435)	1,195,124)	1,115,929)	1,153,017)	1,001,109)	930,139)	828,213)	640,202)	666,527)	697,095)	663,423)	694,855)	707,309)	—)	—)	—)	—)	—)	—)	—)	—)
Intangible assets, net	52,643)	59,725)	69,324)	46,702)	57,513)	62,718)	58,338)	58,923)	64,347)	64,565)	55,106)	46,915)	50,722)	40,239)	45,025)	44,810)	49,190)	44,794)	49,654)	54,560)	65,291)	79,393)
Goodwill	1,303,438)	1,298,462)	1,301,520)	1,293,826)	1,325,200)	1,316,461)	1,312,346)	1,289,147)	1,284,325)	1,269,633)	1,256,699)	1,243,472)	1,246,883)	1,228,644)	1,227,269)	1,227,939)	1,228,993)	1,190,932)	1,188,935)	1,187,880)	1,186,189)	1,183,685)
Deferred tax assets, net	997,900)	941,883)	1,148,573)	1,133,816)	936,121)	933,245)	796,326)	792,362)	786,290)	1,856,293)	1,908,086)	1,896,340)	1,954,808)	918,820)	808,459)	765,708)	—)	—)	—)	—)	—)	—)
Other assets	403,970)	351,803)	344,445)	296,358)	238,443)	186,799)	151,039)	137,848)	134,535)	134,757)	134,547)	132,058)	79,043)	81,338)	85,705)	83,948)	127,748)	92,568)	78,289)	77,610)	90,244)	151,911)
Long-term assets	6,305,706)	6,074,889)	6,141,146)	5,940,111)	5,595,084)	5,120,333)	4,741,982)	4,499,213)	4,052,300)	5,073,146)	5,083,314)	4,976,474)	5,008,824)	3,889,446)	3,051,536)	3,026,432)	2,320,726)	2,130,206)	2,090,593)	2,073,367)	2,122,996)	2,197,410)
Total assets	13,579,287)	13,550,957)	14,059,516)	14,589,345)	15,323,225)	14,984,075)	13,379,090)	13,088,792)	12,547,587)	13,540,725)	12,703,389)	11,600,925)	12,521,607)	11,145,231)	10,162,572)	9,746,192)	8,861,230)	7,539,441)	7,412,477)	7,075,789)	6,963,098)	6,892,742)

The analysis of the quarterly financial data highlights several significant trends across multiple balance sheet items over the reported periods.

Cash and cash equivalents: The cash and cash equivalents balance exhibited notable fluctuations, starting from approximately $1.19 billion at the beginning of 2017, with peaks in early 2021 reaching over $4.2 billion, followed by a significant decline towards mid-2022, indicating possible increased cash usage or investments during that time frame.
Short-term investments: Short-term investments generally showed an upward trajectory from around $2.75 billion in early 2017 to a peak nearing $5.48 billion in late 2020. Post this high, there was a decline through 2021 and 2022, reflecting possible liquidation of short-term investments or reallocation of funds.
Accounts receivable, net: Accounts receivable values showed overall growth with some volatility, rising from roughly $501 million in March 2017 to over $1.21 billion by March 2022. This increase suggests heightened sales activities or extended credit terms over time, especially pronounced in late 2020 and into 2021.
Prepaid expenses and other current assets: This item experienced fluctuations but remained within a relatively stable range, generally between $110 million and $266 million. Peaks were noticed in early 2022 that might indicate increased prepaid activities or other short-term asset build-ups.
Assets held for sale: Assets held for sale appeared only in the last two quarters, with values of $28.8 million and $40.8 million, suggesting divestitures or planned disposals initiated close to mid-2022.
Current assets: Current assets showed a steady upward trend from approximately $4.7 billion in early 2017 to nearly $9.9 billion in early 2021, followed by a decline to about $7.3 billion by mid-2022. This pattern reflects growth in liquidity and short-term resources until 2021, with a subsequent contraction potentially due to operational uses or investment reallocations.
Property and equipment, net: Property and equipment increased consistently from $782 million in early 2017 to approximately $2.18 billion by mid-2022, indicating sustained capital expenditures or asset acquisitions supporting operational capacity expansion.
Operating lease right-of-use assets: Beginning in late 2018, this asset category appeared and showed a progressive increase from about $707 million to $1.37 billion by mid-2022, reflecting increased leasing activities and recognition of lease accounting standards over this period.
Intangible assets, net: Intangible assets fluctuated in the range of approximately $44 million to $69 million, with no clear upward or downward trend, suggesting relatively stable intangible asset holdings without significant acquisitions or disposals.
Goodwill: Goodwill remained fairly stable, fluctuating slightly around $1.18 billion to $1.32 billion, indicating consistent valuation of acquired goodwill with no major impairments or additions.
Deferred tax assets, net: Deferred tax assets displayed volatility, with a notable peak in the $1.95 billion to $1.91 billion range in late 2018 and early 2019, followed by a reduction and subsequent increases later on. These movements may correspond to changes in tax positions or asset valuation adjustments.
Other assets: Other assets increased steadily from about $152 million in early 2017 to over $403 million by mid-2022, reflecting accumulation of miscellaneous long-term assets.
Long-term assets: Long-term assets showed significant growth, nearly tripling from roughly $2.2 billion in early 2017 to about $6.3 billion by mid-2022, indicating substantial investments in capital, intangible, and other non-current asset categories.
Total assets: Total assets increased from approximately $6.9 billion in early 2017 to a peak of nearly $15.3 billion in mid-2021, then declined to around $13.6 billion by mid-2022. This overall growth portrays firm expansion with some contraction in the last reported periods.

Assets: Selected Items

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Current Assets: Selected Items

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Twitter Inc. (NYSE:TWTR)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data