Name: Gilead Sciences Inc. (NASDAQ:GILD) | Balance Sheet: Assets (Quarterly)
Creator: Stock Analysis on Net

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

US$ in millions

	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	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
Cash and cash equivalents	3,179)	7,628)	7,564)	7,330)	5,144)	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)
Short-term marketable debt securities	—)	15)	68)	19)	69)	—)	—)	—)	—)	—)	1,179)	1,159)	963)	936)	973)	961)	924)	1,029)	1,182)	1,376)	1,632)	1,601)
Accounts receivable, net	5,055)	4,741)	4,913)	5,095)	4,781)	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)
Inventories	1,953)	1,914)	1,774)	1,785)	1,825)	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)
Prepaid and other current assets	3,758)	4,343)	4,023)	3,645)	2,899)	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)
Current assets	13,945)	18,641)	18,342)	17,874)	14,718)	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)
Property, plant and equipment, net	5,833)	5,638)	5,606)	5,500)	5,459)	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)
Long-term marketable debt securities	—)	983)	2,974)	2,005)	1,913)	—)	—)	—)	—)	—)	1,163)	1,156)	1,334)	1,327)	1,245)	1,282)	1,337)	1,427)	1,309)	1,099)	836)	579)
Intangible assets, net	14,032)	16,382)	16,978)	17,970)	18,566)	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)
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)	8,314)	8,314)	8,314)	8,314)	8,314)	8,332)	8,332)	8,334)	8,334)
Deferred tax assets	2,487)	1,767)	1,964)	1,998)	2,721)	2,572)	2,378)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Other long-term assets	4,751)	4,553)	4,845)	4,872)	4,030)	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)
Long-term assets	35,417)	37,637)	40,681)	40,659)	41,003)	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)
Total assets	49,362)	56,278)	59,023)	58,533)	55,721)	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)

The overall asset trajectory for the period analyzed exhibits a consistent long-term contraction. Total assets declined from a peak of 67.98 billion USD in June 2021 to 49.36 billion USD by June 2026. This downward trend is primarily driven by a significant reduction in long-term assets, which fell from 54.21 billion USD in March 2021 to 35.42 billion USD by the end of the period.

Intangible Asset Amortization: The most pronounced decline is observed in net intangible assets, which decreased from 34.78 billion USD in March 2021 to 14.03 billion USD in June 2026. This sustained reduction suggests a systematic amortization of acquired intangible assets or the expiration of key intellectual property. In contrast, goodwill remained virtually stagnant at approximately 8.31 billion USD throughout the entire observation window, indicating an absence of impairment charges for goodwill.
Liquidity and Cash Management: Current assets demonstrated higher volatility compared to long-term assets. Cash and cash equivalents showed significant fluctuations, peaking at 9.99 billion USD in December 2024 before decreasing to 3.18 billion USD by March 2026. Short-term marketable debt securities saw a sharp decline, falling from 1.60 billion USD in early 2021 to near-zero levels by 2026, suggesting a shift in the company's short-term investment strategy or a higher reliance on immediate cash liquidity.
Operational Asset Trends: While total assets decreased, certain operational components showed steady growth. Property, plant, and equipment (net) increased marginally from 4.99 billion USD in March 2021 to 5.83 billion USD in June 2026. Similarly, inventories rose from 1.78 billion USD to 1.95 billion USD over the same period. These trends indicate continued investment in physical infrastructure and product stockpiling despite the broader asset contraction.
Working Capital Components: Accounts receivable, net, experienced a gradual increase, moving from 3.93 billion USD in March 2021 to 5.06 billion USD in June 2026, suggesting growth in credit sales or changes in collection cycles. Prepaid and other current assets also trended upward, increasing from 1.91 billion USD to 3.76 billion USD, reflecting a higher allocation of resources toward upfront operational costs.
Deferred Tax and Long-term Securities: Deferred tax assets became a visible component of the balance sheet starting in December 2024, fluctuating between 1.77 billion USD and 2.72 billion USD. Long-term marketable debt securities exhibited erratic movement, reaching a peak of 2.97 billion USD in September 2025 before dropping to 983 million USD by March 2026, indicating active reallocation of the long-term investment portfolio.

In summary, the financial position is characterized by a shrinking balance sheet dominated by the erosion of intangible assets. This is partially offset by modest growth in fixed assets and current operational assets, though the overall trend indicates a significant reduction in the total asset base over the five-year span.

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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