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

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.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

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)

Total assets exhibited a general upward trajectory from March 2017 to June 2022, rising from 6.89 billion USD to a peak of 15.32 billion USD in June 2020, before stabilizing at 13.58 billion USD by the end of the period. This growth indicates a period of substantial balance sheet expansion, particularly between 2019 and 2021, followed by a modest contraction and stabilization phase.

Liquidity and Current Asset Dynamics: Current assets grew from 4.70 billion USD in March 2017 to a peak of 9.86 billion USD in March 2021. This expansion was primarily fueled by cash and short-term investments, which together represented the bulk of liquidity. Cash and cash equivalents reached a high of 4.25 billion USD in March 2021, while short-term investments peaked at 5.48 billion USD in December 2020. However, a downward trend emerged after March 2021, with total current assets declining to 7.27 billion USD by June 2022, suggesting a reduction in liquid reserves or a shift in capital allocation.
Long-term Asset Expansion: Long-term assets showed consistent and significant growth, increasing from 2.20 billion USD in March 2017 to 6.31 billion USD by June 2022. A primary driver was the steady increase in net property and equipment, which grew from 782 million USD to 2.18 billion USD. Furthermore, the introduction of operating lease right-of-use assets in March 2019 (707 million USD) and their subsequent rise to 1.37 billion USD by June 2022 contributed materially to the long-term asset base.
Stability of Goodwill and Intangible Assets: Goodwill remained highly stable throughout the entire period, fluctuating within a narrow range between 1.18 billion USD and 1.32 billion USD. Net intangible assets, conversely, showed a general decline, starting at 79 million USD in March 2017 and ending at 53 million USD in June 2022, indicating that amortization exceeded the acquisition of new intangible assets.
Deferred Tax Asset Volatility: Deferred tax assets exhibited the most significant volatility of any asset class. A substantial spike occurred in June 2019, reaching 1.95 billion USD, followed by a sharp decrease to 786 million USD by June 2020. The balance subsequently recovered and ended the period at 998 million USD in June 2022, reflecting fluctuations in taxable temporary differences or valuation allowances.

AI Ask an analyst for more

My previous chats

Add tokens

Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.

How can I help you?

Twitter Inc. (NYSE:TWTR)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data