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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HP Inc. pages available for free this week:
- Cash Flow Statement
- Analysis of Profitability Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Geographic Areas
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Price to Sales (P/S) since 2005
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HP Inc., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30), 10-Q (reporting date: 2019-01-31), 10-K (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30), 10-Q (reporting date: 2018-01-31), 10-K (reporting date: 2017-10-31), 10-Q (reporting date: 2017-07-31), 10-Q (reporting date: 2017-04-30), 10-Q (reporting date: 2017-01-31), 10-K (reporting date: 2016-10-31), 10-Q (reporting date: 2016-07-31), 10-Q (reporting date: 2016-04-30), 10-Q (reporting date: 2016-01-31), 10-K (reporting date: 2015-10-31), 10-Q (reporting date: 2015-07-31), 10-Q (reporting date: 2015-04-30), 10-Q (reporting date: 2015-01-31), 10-K (reporting date: 2014-10-31), 10-Q (reporting date: 2014-07-31), 10-Q (reporting date: 2014-04-30), 10-Q (reporting date: 2014-01-31), 10-K (reporting date: 2013-10-31), 10-Q (reporting date: 2013-07-31), 10-Q (reporting date: 2013-04-30), 10-Q (reporting date: 2013-01-31).
The quarterly financial data reveals various trends in the liquidity, asset management, and balance sheet structure over the analyzed periods.
- Cash and Cash Equivalents
- This category shows fluctuations with a general decline noticeable after early 2015, reaching a low point around early 2016, before a modest recovery towards mid-2019. Initial quarters reflect levels above 12 billion US dollars, dipping significantly to below 5 billion between 2016 and 2019.
- Accounts Receivable, Net
- These values exhibit cyclical movements typical of receivable balances but show a downward trend from early 2013 into early 2016, descending from over 14 billion US dollars to approximately 3.5–4.1 billion USD. Post-2016, this figure increased steadily, reaching above 5 billion USD by mid-2019, indicating improved sales on credit or collection patterns.
- Financing Receivables
- Data is only present up to the fourth quarter of 2015 and shows a mild declining trend from about 3.3 billion USD to around 2.9 billion USD, reflecting possible reductions in financing activities or repayments during that period.
- Inventory
- Inventories remain relatively stable with slight fluctuations, mostly between 5.5 and 6.6 billion USD. Notably, there is a decline from over 6.5 billion USD in 2015 to dips near 3.5 billion USD in early 2016, followed by steady growth reaching over 5.7 billion by mid-2019. This suggests inventory adjustments likely reflecting supply chain or demand changes.
- Other Current Assets
- There is a clear declining trend from early 2013 levels of around 13 billion USD to roughly 3.3 billion USD in early 2016, followed by recovery and volatility reaching about 3.7 to 5.6 billion USD by mid-2019. This fluctuation could be attributed to changes in prepaid expenses, short-term investments, or similar assets.
- Current Assets
- Current assets hold steady around 48 to 50 billion USD from 2013 through 2015, then drop sharply to approximately 15 billion USD in early 2016. Subsequently, they gradually rise to over 21 billion USD by late 2018, before a minor decline again into 2019. This dynamic reflects the combined behavior of cash, receivables, inventory, and other current assets.
- Property, Plant and Equipment, Net
- This asset category maintains a general downward trend from nearly 11.7 billion USD in early 2013 to around 10 billion USD by 2015. A marked decline to roughly 1.5 billion USD occurs by early 2016, followed by gradual increases towards 2.4 billion USD by mid-2019, signaling possible asset disposals and subsequent capital expenditures or reclassifications.
- Long-term Financing Receivables and Other Assets
- Data only through 2015 shows a slight decreasing pattern from about 10.2 billion USD to approximately 9 billion USD. This reduction may be associated with repayments or reclassification of long-term financial assets unused in later periods.
- Goodwill
- Goodwill remains relatively stable around 31 billion USD through 2014 but sees adjustments around 2015, lowering to approximately 5.6 billion by early 2016. Afterward, it increases steadily, reaching about 6.3 billion USD by mid-2019, indicative of acquisitions or revaluations in those periods.
- Other Non-current Assets
- There is a consistent decline from early 2013 figures close to 4.2 billion USD down to roughly 2 billion USD by late 2014, with some recovery and fluctuations between 3.9 and 6 billion USD in later years, perhaps reflecting changes in deferred charges, intangibles, or long-term receivables.
- Non-current Assets
- Non-current assets decrease steadily from approximately 57 billion USD in early 2013 to a low of about 9.8 billion USD by early 2016, followed by an upward trend peaking above 13.6 billion USD by 2018, before dropping slightly again in 2019. This movement corresponds to trends in property, goodwill, and other long-term assets.
- Total Assets
- Total assets show marginal decline from 106.7 billion USD in early 2013 to around 103 billion USD at the end of 2014, then a sharper drop to approximately 25 billion USD in early 2016. After this significant dip, assets rise again, reaching above 35 billion USD by early 2018, with a subsequent decline to about 32 billion USD by mid-2019. This pattern likely reflects major reclassifications or shifts in accounting presentation and corresponds with the movements in both current and non-current asset categories.