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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- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Selected Financial Data since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Analysis of Debt
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Elevance Health Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
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: 2022-09-30), 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), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
The analysis of the financial data over multiple quarters reveals several key trends and patterns in the company's asset composition and liquidity.
- Cash and Cash Equivalents
- Cash balances exhibit volatility throughout the periods, peaking notably at the end of Q1 2023 with US$10,142 million, followed by a decline in subsequent quarters. Despite fluctuations, cash holdings generally remain substantial, indicating a strong liquidity position though with frequent variances suggesting changing cash management or operational cash flows.
- Fixed Maturity Securities
- Long-term fixed maturity securities show a gradual upward trend from US$19,881 million at the beginning of 2020 to a high point of approximately US$29,530 million mid-2024, before a slight decrease nearing the end of the period. Short-term fixed maturity securities also steadily increase, from US$505 million to above US$1,000 million by early 2025, reflecting ongoing investment in debt instruments.
- Equity Securities
- Equity securities holdings fluctuate more prominently, starting from US$570 million and reaching a peak of US$3,630 million by Q1 2021, followed by a general decline to lower values near US$700 million in early 2025. This trend might indicate active portfolio rebalancing or realization of gains.
- Receivables
- Premium receivables increase overall, rising from about US$5,786 million to over US$10,359 million by Q1 2025, signaling growth in underwriting or premium income. Self-funded receivables show fluctuations but an overall upward trajectory with occasional dips, ending slightly higher than they started. Other receivables steadily increase, reaching approximately US$6,576 million by early 2025, suggesting growth in miscellaneous receivables or other operating income sources.
- Other Current Assets
- These assets show moderate variability, with a peak around US$6,464 million in mid-2024 followed by a decrease to below US$5,300 million by Q1 2025, indicating changes in short-term asset management or operational adjustments.
- Assets Held for Sale
- This category appears late in the data set with relatively small values, decreasing from US$601 million in Q3 2024 to US$490 million by Q1 2025, suggesting the disposal of non-core assets or restructuring efforts.
- Total Current Assets
- Overall, current assets show a positive trend, increasing from US$41,256 million in early 2020 to a peak near US$62,846 million in late 2024 before a slight decline, suggesting growth in short-term liquidity and operational resources.
- Other Invested Assets and Long-term Investments
- Other invested assets and long-term investments both show significant increases, with other invested assets rising from approximately US$4,181 million to over US$10,000 million and long-term investments increasing from about US$4,686 million to above US$11,000 million by early 2025. These trends suggest aggressive investment or strategic asset accumulation efforts.
- Property and Equipment, Net
- Property and equipment values increase steadily from US$3,350 million to approximately US$4,617 million by Q1 2025 with a slight dip in some quarters, reflecting investment in physical assets or depreciation patterns.
- Goodwill
- Goodwill remains substantial and generally stable around US$21,600 to US$25,000 million through 2021, with a notable increase after 2023 peaking near US$28,400 million by Q1 2025. This indicates acquisitions or business combinations contributing to intangible asset growth.
- Other Intangible Assets
- Intangible assets fluctuate slightly but remain near US$10,000 million, with a peak above US$12,000 million in late 2024, suggesting ongoing investments or valuation changes in intangible holdings.
- Other Noncurrent Assets and Noncurrent Assets
- Other noncurrent assets show variability but an upward trend nearing US$2,400 million, and total noncurrent assets increase from about US$41,143 million to nearly US$58,596 million by early 2025, underlining growth in longer-term asset holds.
- Total Assets
- Total assets display consistent growth from US$82,399 million in early 2020 to almost US$120,000 million by Q1 2025, indicating expansion of the asset base, potentially driven by acquisitions, investment growth, and operational scale-up.
In summary, the data show a company expanding its asset base steadily, with significant increases in investments and receivables supporting growth. Liquidity remains strong though cash levels fluctuate. Increases in goodwill and intangible assets suggest ongoing acquisitions or value recognition of non-physical assets. The trends indicate a strategy of asset growth combined with active management of investment portfolios and receivables, contributing to overall financial expansion over the observed period.