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.
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- Statement of Comprehensive Income
- Common-Size Balance Sheet: Assets
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
- Analysis of Debt
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Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 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: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
Over the observed period, the company’s total assets experienced fluctuations, generally decreasing from 67.492 US$ in millions in March 2021 to 56.292 US$ in millions by March 2024, before exhibiting a recovery to 59.023 US$ in millions by December 2025. This overall trend is primarily driven by changes in both current and long-term asset categories.
- Current Assets
- Current assets demonstrated initial growth, peaking at 15.980 US$ in millions in September 2023, before declining to 18.342 US$ in millions by December 2025. This movement is largely influenced by the behavior of its components. Cash and cash equivalents showed considerable volatility, ranging from a low of 2.772 US$ in millions in June 2024 to a high of 6.085 US$ in millions in December 2023. Accounts receivable, net, remained relatively stable, fluctuating between approximately 3.787 US$ in millions and 5.095 US$ in millions throughout the period. Inventories exhibited a gradual increase, rising from 1.779 US$ in millions in March 2021 to 1.774 US$ in millions in December 2025. Prepaid and other current assets showed a significant increase in the later part of the period, reaching 4.023 US$ in millions in December 2025, compared to 1.908 US$ in millions in March 2021.
- Long-Term Assets
- Long-term assets generally decreased over the period, falling from 54.214 US$ in millions in March 2021 to 40.681 US$ in millions in December 2025. The most substantial component, intangible assets, net, experienced a consistent decline, decreasing from 34.781 US$ in millions to 16.978 US$ in millions. Goodwill remained constant at 8.314 US$ in millions throughout most of the period. Property, plant, and equipment, net, showed a modest increase, moving from 4.990 US$ in millions to 5.606 US$ in millions. Long-term marketable debt securities increased significantly in the later part of the period, reaching 2.974 US$ in millions in December 2025, compared to 579 US$ in millions in March 2021. Deferred tax assets were not reported for the initial period but increased to 1.964 US$ in millions by December 2025. Other long-term assets also showed fluctuations, ending at 4.845 US$ in millions in December 2025.
The decrease in total assets is primarily attributable to the reduction in intangible assets, net. The company appears to be managing its current assets effectively, with fluctuations in cash and cash equivalents potentially related to operational activities or investment strategies. The increase in prepaid and other current assets, along with long-term marketable debt securities, in the later periods warrants further investigation to understand the underlying reasons and potential impact on future financial performance.