Balance Sheet: Assets

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.

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Dollar Tree Inc., consolidated balance sheet: assets

US$ in thousands

		Jan 29, 2022		Jan 30, 2021		Feb 1, 2020		Feb 2, 2019		Feb 3, 2018		Jan 28, 2017
	Cash and cash equivalents
	Short-term investments
	Merchandise inventories
	Accounts receivable, net
	Other
	Accounts receivable, divestiture-related
	Other current assets
	Current assets
	Property, plant and equipment, net of accumulated depreciation
	Restricted cash
	Operating lease right-of-use assets
	Goodwill
	Favorable lease rights, net of accumulated amortization
	Trade name intangible asset
	Deferred tax asset
	Other assets
	Noncurrent assets
	Total assets

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

The financial data reveals varying trends in the key asset categories over the presented periods. Total assets show a general upward trend, increasing from approximately 15.7 billion US dollars in early 2017 to about 21.7 billion in early 2022. This increase reflects growth in both current and noncurrent assets, though with some irregularities in certain years.

Current Assets: Current assets rose from approximately 3.9 billion US dollars in January 2017 to roughly 5.6 billion in January 2022, demonstrating an overall positive trend. Notably, a peak occurred in February 2018 at approximately 4.58 billion, followed by a dip in February 2019 and 2020 before recovering and surpassing previous levels in 2021 and 2022.
Cash and Cash Equivalents: Cash and cash equivalents display volatility. Starting at 866.4 million US dollars in 2017, the figure increased substantially to 1.1 billion in 2018, dropped sharply to 422.1 million in 2019, and then gradually rose again, peaking at 1.42 billion in 2021 before declining to approximately 985 million in 2022. This fluctuation suggests varying liquidity positions during the periods in question.
Merchandise Inventories: Merchandise inventories consistently grew from about 2.87 billion in 2017 to 4.37 billion in 2022, indicating an increasing investment in inventory levels. A slight decline was noted between 2020 and 2021; however, the overall trend remains upward.
Accounts Receivable, Net: Accounts receivable showed steady growth from 82 million in 2017 to 113.3 million in 2020, followed by missing data in later periods which precludes further trend analysis for these years.
Other Current Assets: Other current assets peaked at around 335 million in 2019 before declining and then stabilizing near 257 million by 2022. The trends align with fluctuations in a related category labeled "Other."
Noncurrent Assets: Noncurrent assets experienced fluctuations but overall grew from approximately 11.76 billion in 2017 to 16.11 billion in 2022. A significant decrease is observed between 2018 and 2019, likely due to reclassifications or impairments, followed by a sharp increase in 2020 and continued growth thereafter.
Property, Plant, and Equipment (PP&E), Net of Accumulated Depreciation: PP&E displayed consistent growth from about 3.12 billion in 2017 to 4.48 billion in 2022, suggesting ongoing investments in fixed assets and facilities.
Operating Lease Right-of-Use Assets: This asset category first appears in 2020 at 6.23 billion and shows a steady increase through 2022. The substantial size reflects adoption of new accounting standards related to lease capitalization.
Goodwill: Goodwill values decreased notably from about 5.02 billion in 2017 and 2018 to around 1.98 billion by 2020, remaining stable through 2022. This reduction may reflect impairments or divestitures affecting acquired intangible assets.
Favorable Lease Rights: Favorable lease rights declined from approximately 469 million in 2017 to 289 million in 2019, after which the item is no longer reported, possibly due to changes in accounting policies.
Trade Name Intangible Asset: This asset remained constant at 3.1 billion throughout all periods, indicating its stable valuation and ongoing recognition on the balance sheet.
Deferred Tax Asset: Deferred tax assets appear starting in 2020 at about 24.4 million and decline slightly through 2022, suggesting changes in deferred tax positions or valuation allowances.
Restricted Cash and Other Assets: Restricted cash, reported from 2019 onward, shows gradual increments from 24.6 million to 53.4 million by 2022. Other assets remain relatively stable, hovering around 50 million over the last periods analyzed.

Overall, the data indicates growth in total and noncurrent assets, driven by fixed assets and adoption of lease accounting standards. Cash levels show notable volatility, while inventory investment steadily increases. Reductions in goodwill and favorable lease rights suggest restructuring or accounting changes. The stability in certain intangible assets and current asset growth contribute to a stronger asset base over the analyzed periods.

Assets: Selected Items

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Current Assets: Selected Items