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.
Based on: 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).
Total assets have exhibited significant growth over the analyzed period, increasing from 3,911 million US dollars in April 2018 to 10,133 million US dollars by October 2024. This expansion is characterized by a steady upward trajectory in both current and long-term asset categories, with the most substantial gains occurring in long-term intangible assets and goodwill.
- Current Asset Dynamics
- Current assets rose from 1,698 million US dollars to 2,899 million US dollars. A distinct seasonal pattern is observable in accounts receivable, which consistently peak during the January reporting periods, reaching a high of 961 million US dollars in January 2023. Cash and cash equivalents have remained volatile but generally high, fluctuating between approximately 880 million and 1,947 million US dollars, suggesting active liquidity management.
- Long-term Asset Growth and Intangibles
- Long-term assets grew from 2,213 million US dollars to 7,234 million US dollars. This growth was primarily driven by goodwill, which increased from 1,605 million US dollars in April 2018 to 4,256 million US dollars in October 2024, indicating a history of strategic acquisitions. Net intangible assets also saw a marked increase, particularly starting in mid-2021, rising from historical levels below 100 million US dollars to 594 million US dollars by October 2024.
- Deferred Tax Assets and Other Non-Current Items
- A significant shift occurred in deferred income taxes, net, which jumped from 44 million US dollars in October 2020 to 763 million US dollars in January 2021. This balance continued to trend upward, reaching 1,150 million US dollars by October 2024. Additionally, long-term other assets showed a consistent increase from 189 million US dollars to 670 million US dollars over the period.
- Fixed Assets and Right-of-Use Trends
- Net computer equipment, software, and furniture showed a gradual decline from a peak of 198 million US dollars in July 2021 to 116 million US dollars by October 2024. Similarly, operating lease right-of-use assets peaked at 439 million US dollars in January 2020 before trending downward to 184 million US dollars by October 2024, suggesting a reduction in leased asset commitments.
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