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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Medtronic PLC pages available for free this week:
- Cash Flow Statement
- Common-Size Income Statement
- Analysis of Profitability Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Selected Financial Data since 2005
- Net Profit Margin since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
- Aggregate Accruals
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Medtronic PLC, consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-07-25), 10-K (reporting date: 2025-04-25), 10-Q (reporting date: 2025-01-24), 10-Q (reporting date: 2024-10-25), 10-Q (reporting date: 2024-07-26), 10-K (reporting date: 2024-04-26), 10-Q (reporting date: 2024-01-26), 10-Q (reporting date: 2023-10-27), 10-Q (reporting date: 2023-07-28), 10-K (reporting date: 2023-04-28), 10-Q (reporting date: 2023-01-27), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-K (reporting date: 2022-04-29), 10-Q (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-K (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-K (reporting date: 2020-04-24), 10-Q (reporting date: 2020-01-24), 10-Q (reporting date: 2019-10-25), 10-Q (reporting date: 2019-07-26).
- Cash and Cash Equivalents
- Cash and cash equivalents exhibit significant volatility throughout the periods, peaking notably around July and October 2020, surpassing 6,000 million USD, followed by a marked decline reaching lows near 1,300 million USD in early 2023 and mid-2024. A general downward trend is observed in recent quarters, indicating fluctuating liquidity positions.
- Investments
- Investments maintain a relatively stable range between approximately 5,600 million USD and 9,500 million USD, with peaks during late 2020 and early 2021. The figures exhibit moderate fluctuations but tend to settle around 6,500 to 6,800 million USD in the latest quarters, suggesting consistent investment levels.
- Accounts Receivable, Net
- Accounts receivable, net of allowances, show moderate growth over the entire timeline, increasing from around 5,800 million USD to over 6,200 million USD. Some fluctuations occur, with a noticeable dip in the first quarter of 2020, potentially linked to external factors impacting receivables.
- Inventories
- Inventories demonstrate a steady upward trajectory, growing from roughly 3,900 million USD to nearly 5,900 million USD. The increase appears consistent, reflecting either accumulation of stock or growth in business operations requiring greater inventory holdings.
- Other Current Assets
- Other current assets have a mildly increasing pattern, rising from about 2,200 million USD to nearly 3,000 million USD over the periods, with occasional fluctuations. A notable increase occurs around mid-2022, suggesting changes in asset composition or recognition.
- Current Assets
- The total current assets remain relatively stable with minor cycles, oscillating generally between 21,000 million USD and 26,000 million USD. Peaks appear around mid to late 2020 and late 2022, while dips are seen in early 2023 and mid-2024, timing consistent with movements in cash and inventories.
- Property, Plant, and Equipment, Net
- Property, plant, and equipment show a consistent increasing trend, growing from roughly 4,700 million USD to over 7,000 million USD. This steady growth suggests ongoing capital expenditures and investment in fixed assets.
- Goodwill
- Goodwill remains relatively stable, fluctuating in a narrow band between about 39,000 million USD and 42,000 million USD. Small variations likely reflect acquisition activity or periodic impairment adjustments without large-scale changes.
- Other Intangible Assets, Net
- Other intangible assets, net, follow a pronounced downward trend from approximately 20,200 million USD to around 11,200 million USD, indicating amortization or impairment over time. Declines are consistent and gradual, reflecting systematic reduction of intangible asset values.
- Tax Assets
- Tax assets demonstrate growth from about 1,500 million USD to just over 4,000 million USD. The increase is steady with some fluctuations, pointing to a rising deferred tax asset component on the balance sheet.
- Other Assets
- Other assets show an overall increasing pattern, rising from approximately 2,000 million USD to about 3,500 million USD, with some variations in between. There is a notable peak around early 2023, which may correspond to one-time recognition events or accruals.
- Noncurrent Assets
- Noncurrent assets are generally stable, moving in a range from roughly 68,000 million USD to almost 70,000 million USD. Minor fluctuations appear, with no strong directional trend, suggesting consistent long-term asset values with slight periodic adjustments.
- Total Assets
- Total assets fluctuate around the 90,000 million USD mark, ranging from about 90,000 million USD to 94,000 million USD. The overall asset base remains largely steady despite short-term swings, indicating balanced asset management over the observed intervals.