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.

Paying user area

Try for free

Zoetis Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get full access to the entire website from $10.42/mo, or
get 1-month access to Zoetis Inc. for $22.49.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

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

US$ in millions

		Mar 31, 2024		Dec 31, 2023		Sep 30, 2023		Jun 30, 2023		Mar 31, 2023		Dec 31, 2022		Sep 30, 2022		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
	Cash and cash equivalents
	Short-term investments
	Accounts receivable, less allowance for doubtful accounts
	Inventories
	Other current assets
	Current assets
	Property, plant and equipment, less accumulated depreciation
	Operating lease right of use assets
	Goodwill
	Identifiable intangible assets, less accumulated amortization
	Noncurrent deferred tax assets
	Other noncurrent assets
	Noncurrent assets
	Total assets

The analysis of the quarterly financial data reveals several trends and patterns across multiple balance sheet items over the observed periods.

Cash and Cash Equivalents: Cash levels generally exhibit fluctuations over time, with a noticeable increase during mid-2020 reaching a peak of approximately $3.65 billion in September 2020. Subsequently, cash holdings show volatile movements, peaking again near the end of 2022 before trending downward into early 2023 and stabilizing around $2 billion by March 2024.
Short-term Investments: This category is reported only in early periods until September 2019, showing a declining pattern from $65 million to $12 million before data is absent in later periods, potentially indicating a shift in investment strategy or reporting changes.
Accounts Receivable (Net): Accounts receivable shows a moderate growth trend across the timeline, increasing from $970 million in March 2019 to peaks above $1.3 billion in late 2023 and early 2024. The pattern suggests steady revenue-related receivables with periodic seasonal increases.
Inventories: Inventories steadily increase from $1.36 billion in early 2019 to approximately $2.7 billion in late 2023, reflecting either accumulation of stock or expansion in product lines. The increase appears gradual but consistent with minor fluctuations, demonstrating controlled inventory management relative to growth.
Other Current Assets: This category displays variability, increasing from $255 million in early 2019 to a peak above $550 million in late 2022, before declining somewhat in 2023. The volatility might be attributable to timing differences in prepaid expenses or other short-term items.
Current Assets: Overall, current assets increased significantly during 2020, peaking near $7.5 billion in December 2022. A subsequent decline occurs in 2023, then stabilizes slightly above $6.3 billion by early 2024. The peak reflects accumulation across various current asset categories, while the later decline may indicate asset utilization or changes in working capital management.
Property, Plant, and Equipment (Net): Net PP&E steadily grows from $1.68 billion in early 2019 to over $3.2 billion by March 2024, indicating ongoing capital investments and asset base expansion. The growth trend is relatively smooth and consistent throughout the periods.
Operating Lease Right of Use Assets: The right-of-use assets show moderate fluctuations, remaining in the range of $150 million to $230 million, with a subtle increasing trend into 2023, signaling stable lease commitments with some incremental additions or remeasurements.
Goodwill: Goodwill values remain largely stable in the range of approximately $2.5 billion to $2.8 billion with minor fluctuations, indicating limited impairment or acquisition activity affecting this intangible asset.
Identifiable Intangible Assets (Net): There is a downward trend in net intangible assets from $1.99 billion at the start of 2019 to about $1.3 billion by early 2024. This decrease likely reflects amortization exceeding additions, consistent with the aging of acquired intangibles.
Noncurrent Deferred Tax Assets: Deferred tax assets grow steadily over the timeframe from $65 million to above $230 million, suggesting an increasing recognition of future tax benefits, potentially linked to timing differences or tax planning strategies.
Other Noncurrent Assets: This category expands gradually, moving from $87 million in 2019 to over $220 million by 2024, representing possible growth in long-term investments or other asset classifications.
Noncurrent Assets: Total noncurrent assets exhibit a slow but steady increase from approximately $6.5 billion through $7.9 billion over the analyzed periods, consistent with capital expenditure trends and asset value growth.
Total Assets: Total assets follow an upward trajectory from around $10.9 billion in March 2019 to $14.3 billion by March 2024. Notably, there is a strong jump in total assets during mid-2020 reflecting increases in current assets, followed by a stabilization phase with moderate increases thereafter.

Assets: Selected Items

Download chart

Current Assets: Selected Items