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.

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

US$ in millions

	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Cash and cash equivalents	7,926)	9,991)	5,037)	2,772)	4,718)	6,085)	5,705)	5,704)	4,936)	5,412)	4,699)	4,739)	4,296)	5,338)	4,362)	4,893)	4,065)	5,997)	12,886)	6,746)	10,051)
Short-term marketable debt securities	—)	—)	—)	—)	—)	1,179)	1,159)	963)	936)	973)	961)	924)	1,029)	1,182)	1,376)	1,632)	1,601)	1,411)	11,089)	12,168)	10,734)
Accounts receivable, net	4,388)	4,420)	4,587)	4,663)	4,669)	4,660)	4,790)	4,229)	4,162)	4,777)	4,354)	4,118)	3,787)	4,493)	4,566)	4,149)	3,925)	4,892)	3,913)	3,194)	3,907)
Inventories	1,759)	1,710)	1,869)	2,026)	1,853)	1,787)	1,663)	1,633)	1,576)	1,507)	1,463)	1,494)	1,482)	1,618)	1,676)	1,772)	1,779)	1,683)	1,008)	1,052)	986)
Prepaid and other current assets	2,828)	3,052)	3,286)	2,856)	2,801)	2,374)	2,663)	1,758)	1,846)	1,774)	2,077)	1,900)	2,035)	2,141)	2,011)	1,479)	1,908)	2,013)	2,030)	1,483)	1,272)
Current assets	16,901)	19,173)	14,779)	12,317)	14,041)	16,085)	15,980)	14,287)	13,456)	14,443)	13,554)	13,175)	12,629)	14,772)	13,991)	13,925)	13,278)	15,996)	30,926)	24,643)	26,950)
Property, plant and equipment, net	5,421)	5,414)	5,391)	5,346)	5,321)	5,317)	5,572)	5,540)	5,479)	5,475)	5,349)	5,299)	5,253)	5,121)	5,037)	4,996)	4,990)	4,967)	4,810)	4,653)	4,564)
Long-term marketable debt securities	—)	—)	—)	—)	—)	1,163)	1,156)	1,334)	1,327)	1,245)	1,282)	1,337)	1,427)	1,309)	1,099)	836)	579)	502)	2,074)	2,276)	3,529)
Intangible assets, net	19,355)	19,948)	20,546)	22,832)	23,428)	26,454)	27,152)	27,750)	28,348)	28,894)	29,440)	29,885)	30,331)	33,455)	33,900)	34,341)	34,781)	33,126)	12,939)	13,225)	13,502)
Goodwill	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,314)	8,332)	8,332)	8,334)	8,334)	8,108)	4,117)	4,117)	4,117)
Deferred tax assets	2,572)	2,378)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other long-term assets	3,871)	3,768)	5,495)	4,770)	5,188)	4,792)	4,199)	5,112)	4,952)	4,800)	4,618)	4,860)	5,126)	4,963)	4,739)	5,552)	5,530)	5,708)	6,012)	7,020)	7,079)
Long-term assets	39,533)	39,822)	39,746)	41,262)	42,251)	46,040)	46,393)	48,050)	48,420)	48,728)	49,003)	49,695)	50,451)	53,180)	53,107)	54,059)	54,214)	52,411)	29,952)	31,291)	32,791)
Total assets	56,434)	58,995)	54,525)	53,579)	56,292)	62,125)	62,373)	62,337)	61,876)	63,171)	62,557)	62,870)	63,080)	67,952)	67,098)	67,984)	67,492)	68,407)	60,878)	55,934)	59,741)

Cash and Cash Equivalents: The cash and cash equivalents balance shows notable volatility across the periods. Starting at $10,051 million in March 2020, it dropped significantly to $4,065 million by March 2021, then exhibited a gradual increase peaking at $6,085 million in December 2023 before declining again to $2,772 million in June 2024. Subsequently, it experienced a recovery, reaching $7,926 million in December 2024, followed by a decrease to $7,926 million as of the last reported period in March 2025. This pattern indicates fluctuating liquidity positions, with periods of cash accumulation interspersed with reductions.
Short-term Marketable Debt Securities: These securities peaked initially in June 2020 at $12,168 million, then fell sharply to a low $1,182 million by December 2021. Post this low, values stabilized around the $900 million to $1,179 million range, with the data ceasing after December 2023. The early sharp decline suggests a possible shift away from liquid debt investments to other asset forms or cash usage.
Accounts Receivable, Net: The accounts receivable figures fluctuate moderately without a clear upward or downward trend. The values range from approximately $3,194 million (June 2020) to a high of $4,790 million in September 2023. This relative stability indicates steady billing and collection patterns over time.
Inventories: Inventories rose steadily from $986 million in March 2020 to a peak of $2,026 million in September 2024, before a slight decrease afterward. This increasing inventory trend may reflect buildup in stock, possibly due to anticipated demand increases or changes in supply chain management.
Prepaid and Other Current Assets: Prepaid and other current assets show a rising trend from $1,272 million in March 2020 to a high of $3,286 million in September 2024, followed by a slight decline to $2,828 million in March 2025. This growth may indicate increased advance payments or other short-term assets accumulation.
Current Assets: Total current assets experienced considerable fluctuation. Starting at $26,950 million in March 2020, they decreased sharply to $13,278 million in March 2021, then mostly stabilized in the $13,000 million to $16,000 million range through late 2023. Later, a significant improvement occurred in 2024, peaking at $19,173 million in December 2024, before declining sharply to $16,901 million in March 2025. This pattern aligns with fluctuating cash and marketable securities balances.
Property, Plant and Equipment, Net: This asset class shows consistent growth from $4,564 million in March 2020 to $5,572 million in September 2023. Following that, values slightly declined but remained relatively stable around $5,414 million by March 2025. The steady increase suggests continued capital investment, with a possible leveling off in recent periods.
Long-term Marketable Debt Securities: These securities dropped notably from $3,529 million in March 2020 to $502 million in December 2020, then exhibited a modest increase up to $1,334 million in June 2023. Data after this period is not available. This decline followed by a partial recovery suggests a strategic repositioning of investments over the observed timeframe.
Intangible Assets, Net: Intangible assets show a sharp increase from $13,502 million in March 2020 to $33,126 million by December 2020, likely reflecting an acquisition or reassessment event. Subsequently, there is a consistent decline down to $19,355 million by March 2025, indicating amortization and/or impairment activity.
Goodwill: Goodwill rose significantly from $4,117 million in early 2020 to $8,108 million by December 2020, then remained stable around $8,314 million through March 2025. This suggests a discrete acquisition event in 2020 followed by no major goodwill adjustments afterward.
Deferred Tax Assets: No data were reported until the last two quarters, where figures stand at $2,378 million in December 2024 and $2,572 million in March 2025, implying recognition or reclassification in recent periods.
Other Long-term Assets: These assets generally declined from $7,079 million in March 2020 to $3,768 million in December 2024, though some intermittent increases occurred. The overall downward trend points to asset disposals, reclassifications, or amortization impacts.
Long-term Assets: Long-term assets increased sharply from $32,791 million in March 2020 to a peak of $54,214 million in March 2021, primarily driven by intangible assets and goodwill increases. Afterward, a steady decline to $39,533 million by March 2025 occurred, reflecting reductions in intangible assets and other long-term components.
Total Assets: Total assets followed an increasing trend from $59,741 million in March 2020 to a peak of $68,407 million at the end of 2020. Subsequently, total assets decreased to $56,434 million by March 2025. This trend mirrors changes mainly driven by intangible assets and current assets fluctuations, indicating a consolidation phase following the significant asset increase in 2020.

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Gilead Sciences Inc. (NASDAQ:GILD)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data