Non-Current Assets
Long-term resources expected to provide economic value beyond one year, including property, equipment, and intangibles.
What is Non-Current Assets?
Non-current assets, also called long-term assets, are resources on a company's balance sheet that are expected to generate economic benefit for more than one year. They fall into three main categories: tangible assets such as property, plant, and equipment (PP&E); intangible assets such as patents, trademarks, and goodwill; and long-term financial investments such as equity stakes in other companies. Unlike current assets, non-current assets are not intended for conversion to cash within the operating cycle. They are typically reported at cost less accumulated depreciation (for tangible assets) or at their carrying value (for intangibles), and represent the productive infrastructure of the business.
Example
On Amazon's 2024 balance sheet, non-current assets include over $200 billion in property and equipment (warehouses, data centers, delivery vehicles) and over $20 billion in operating lease right-of-use assets—representing the physical infrastructure that supports its e-commerce and AWS businesses.
Source: Amazon.com Inc. Form 10-K FY2024