PFIZER INC
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
PFE$29.36+0.4%Stored close · as of Nov 10, 2026
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Item 8. Consolidated Balance Sheets
Consolidated Balance Sheets
| As of December 31, | ||
|---|---|---|
| (MILLIONS, EXCEPT PER SHARE DATA) | 2025 | 2024 |
| Assets | ||
| Cash and cash equivalents | $1,142 | $1,043 |
| Short-term investments | 12,454 | 19,434 |
| Trade accounts receivable, net of allowance for doubtful accounts: 2025—$427; 2024—$438 | 11,874 | 11,463 |
| Inventories | 10,654 | 10,851 |
| Current tax assets | 3,967 | 3,314 |
| Other current assets | 2,808 | 4,253 |
| Total current assets | 42,898 | 50,358 |
| Long-term investments | 1,621 | 2,228 |
| Property, plant and equipment, net | 19,317 | 18,393 |
| Identifiable intangible assets, net | 53,731 | 55,411 |
| Goodwill | 71,264 | 68,527 |
| Noncurrent deferred tax assets and other noncurrent tax assets | 9,699 | 8,662 |
| Other noncurrent assets | 9,631 | 9,817 |
| Total assets | $208,160 | $213,396 |
| Liabilities and Equity | ||
| Short-term borrowings, including current portion of long-term debt: 2025—$2,997; 2024—$3,747 | $3,154 | $6,946 |
| Trade accounts payable | 5,240 | 5,633 |
| Dividends payable | 2,445 | 2,437 |
| Income taxes payable | 3,103 | 2,910 |
| Accrued compensation and related items | 3,610 | 3,838 |
| Deferred revenues | 784 | 1,511 |
| Other current liabilities | 18,648 | 19,720 |
| Total current liabilities | 36,984 | 42,995 |
| Long-term debt | 61,641 | 57,405 |
| Pension and postretirement benefit obligations | 2,041 | 2,115 |
| Noncurrent deferred tax liabilities | 2,401 | 2,122 |
| Other taxes payable | 3,591 | 6,112 |
| Other noncurrent liabilities | 14,725 | 14,150 |
| Total liabilities | 121,385 | 124,899 |
| Commitments and Contingencies | ||
| Common stock, $0.05 par value; 12,000 shares authorized; issued: 2025—9,621; 2024—9,593 | 481 | 480 |
| Additional paid-in capital | 94,469 | 93,603 |
| Treasury stock, shares at cost: 2025—3,935; 2024—3,926 | (115,015) | (114,763) |
| Retained earnings | 114,610 | 116,725 |
| Accumulated other comprehensive loss | (8,069) | (7,842) |
| Total Pfizer Inc. shareholders’ equity | 86,476 | 88,203 |
| Equity attributable to noncontrolling interests | 299 | 294 |
| Total equity | 86,775 | 88,497 |
| Total liabilities and equity | $208,160 | $213,396 |
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