Pershing Square Holdings Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	1,404	436.52	1,929	1,147	1,768	1,880
Trading Asset Securities	16,538	15,115	12,919	10,579	13,028	9,093
Cash & Short-Term Investments	17,942	15,551	14,848	11,726	14,796	10,973
Cash Growth	21.75%	4.74%	26.62%	-20.75%	34.84%	57.72%
Accounts Receivable	13.86	16.93	15.07	13.11	9.82	8.45
Other Receivables	-	10.58	-	-	-	-
Receivables	13.86	27.51	15.07	13.11	9.82	8.45
Prepaid Expenses	-	1.27	1.24	0.88	0.47	0.41
Other Current Assets	746.09	52.49	264.63	1,212	1,002	1,559
Total Current Assets	18,702	15,632	15,129	12,952	15,808	12,541
Total Assets	18,702	15,632	15,129	12,952	15,808	12,541
Accounts Payable	376.27	2.67	2.34	2.94	1.84	1.46
Accrued Expenses	413.7	225.39	588.81	672.43	1,238	738.38
Other Current Liabilities	-	4.41	38.1	11.73	38.85	573.59
Total Current Liabilities	789.97	232.47	629.25	739.31	1,352	1,366
Long-Term Debt	3,159	2,321	2,352	2,333	3,009	2,123
Long-Term Deferred Tax Liabilities	38.1	67.89	84.83	-	37.97	-
Total Liabilities	3,987	2,621	3,066	3,072	4,399	3,489
Common Stock	5,722	5,722	5,722	5,722	5,722	5,722
Retained Earnings	9,976	8,118	7,052	4,664	5,930	3,573
Treasury Stock	-984.11	-829.37	-711.46	-506.86	-242.96	-242.96
Shareholders' Equity	14,715	13,011	12,063	9,880	11,409	9,053
Total Liabilities & Equity	18,702	15,632	15,129	12,952	15,808	12,541
Total Debt	3,159	2,321	2,352	2,333	3,009	2,123
Net Cash (Debt)	14,783	13,230	12,496	9,394	11,786	8,850
Net Cash Growth	19.25%	5.88%	33.02%	-20.30%	33.18%	59.92%
Net Cash Per Share	81.05	71.90	66.18	47.80	59.19	44.89
Filing Date Shares Outstanding	179.93	182.96	185.46	190.86	199.12	199.12
Total Common Shares Outstanding	179.93	182.96	185.46	190.86	199.12	199.12
Working Capital	17,912	15,400	14,499	12,213	14,457	11,175
Book Value Per Share	81.78	71.12	65.04	51.77	57.30	45.46
Tangible Book Value	14,715	13,011	12,063	9,880	11,409	9,053
Tangible Book Value Per Share	81.78	71.12	65.04	51.77	57.30	45.46

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.