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: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
- Cash and Cash Equivalents
- The cash and cash equivalents exhibit a fluctuating yet generally rising trend. Starting from approximately $946 million in March 2020, there was an initial increase, peaking near $1.3 billion in September 2020, followed by a dip through 2021. Notably, from mid-2023 onwards, there is a dramatic surge, reaching over $2.7 billion by September 2024, indicating a substantial increase in liquidity.
- Receivables, Net
- Receivables show cyclical variations with periods of increase and decline. Beginning around $284 million in March 2020, values rose to nearly $488 million by March 2023, then experienced some volatility with a decrease to $389 million in June 2024, followed by a subsequent rise to $681 million by September 2024. The overall movement suggests variability in credit sales or collections.
- Inventories
- Inventory levels increased steadily over the observed periods. Starting from roughly $60.6 million in early 2020, inventories more than tripled to approximately $293 million by September 2024 before slightly declining towards the end of 2024 and early 2025. This rising trend may reflect increased production or stockpiling in anticipation of demand.
- Prepaid Expenses and Other Current Assets
- This category displays growth over time with noticeable upward momentum. Prepaid expenses and other current assets increased from about $108.6 million in March 2020 to over $459 million by September 2024, indicating potentially higher advance payments or operational activities.
- Current Assets
- Current assets mirror the movements of individual components, showing an increasing trend overall. From approximately $1.4 billion in March 2020, current assets rose with some fluctuations to nearly $4.1 billion in September 2024 before slightly declining toward early 2025. This substantial growth reflects enhanced short-term asset holdings.
- Property, Plant, and Equipment, Net
- Net property, plant, and equipment demonstrate a gradual and steady increase. Values rose from about $281 million in early 2020 to approximately $466 million by March 2025. This steady upward pattern suggests ongoing capital investments or asset acquisitions.
- Goodwill
- Goodwill shows notable increments particularly from late 2021 onward. Holding fairly steady around $779 million in early 2020, goodwill surged significantly to over $2.4 billion by March 2025, indicating acquisitions or recognition of intangible assets at a much higher level.
- Acquired Intangibles, Net
- Acquired intangibles exhibit some volatility but generally increase over time. Starting around $259 million in March 2020, values decreased somewhat during 2020-2021 before rising sharply to nearly $664 million by June 2024. A small decline followed toward early 2025. The upward trend suggests increased valuation or additions of intangible assets.
- Deferred Taxes
- Deferred taxes have steadily increased through the periods analyzed. Beginning at approximately $699 million in March 2020, these liabilities rose consistently to close to $986 million by March 2025. The gradual rise indicates accumulating tax obligations or timing differences.
- Other Assets
- Other assets increase moderately, moving from about $350 million in early 2020 to roughly $559 million by March 2025. There are minor fluctuations but the overall trend denotes a progressive expansion of miscellaneous asset types.
- Long-term Assets
- Long-term assets demonstrate a general increase, with a notable acceleration from 2022 onward. Growing from approximately $2.37 billion in March 2020 to beyond $5 billion by mid-2024, the figure stabilizes near this level into early 2025. This trend reflects considerable long-term investments and asset accrual.
- Total Assets
- Total assets display growth with periods of fluctuation. Starting near $3.77 billion in March 2020, total assets steadily increased to over $7.2 billion by June 2024 before slightly retracting to approximately $9 billion by early 2025. This substantial increase in asset base indicates overall expansion and asset accumulation over time.