Pershing Square Holdings Balance Sheet

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Cash & Equivalents	1,142	436.52	1,929	1,147	1,768
Trading Asset Securities	18,029	15,115	12,919	10,579	13,028
Cash & Short-Term Investments	19,171	15,551	14,848	11,726	14,796
Cash Growth	23.28%	4.74%	26.62%	-20.75%	34.84%
Accounts Receivable	12.6	16.93	15.07	13.11	9.82
Other Receivables	-	10.58	-	-	-
Receivables	12.6	27.51	15.07	13.11	9.82
Prepaid Expenses	1.63	1.27	1.24	0.88	0.47
Other Current Assets	176.33	52.49	264.63	1,212	1,002
Total Current Assets	19,361	15,632	15,129	12,952	15,808
Total Assets	19,361	15,632	15,129	12,952	15,808
Accounts Payable	1.18	2.67	2.34	2.94	1.84
Accrued Expenses	530.56	225.39	588.81	672.43	1,238
Other Current Liabilities	36.46	4.41	38.1	11.73	38.85
Total Current Liabilities	568.2	232.47	629.25	739.31	1,352
Long-Term Debt	3,669	2,321	2,352	2,333	3,009
Long-Term Deferred Tax Liabilities	74.78	67.89	84.83	-	37.97
Total Liabilities	4,312	2,621	3,066	3,072	4,399
Common Stock	5,722	5,722	5,722	5,722	5,722
Retained Earnings	10,526	8,118	7,052	4,664	5,930
Treasury Stock	-1,198	-829.37	-711.46	-506.86	-242.96
Shareholders' Equity	15,049	13,011	12,063	9,880	11,409
Total Liabilities & Equity	19,361	15,632	15,129	12,952	15,808
Total Debt	3,669	2,321	2,352	2,333	3,009
Net Cash (Debt)	15,502	13,230	12,496	9,394	11,786
Net Cash Growth	17.17%	5.88%	33.02%	-20.30%	33.18%
Net Cash Per Share	86.41	71.90	66.18	47.80	59.19
Filing Date Shares Outstanding	176.38	182.96	185.46	190.86	199.12
Total Common Shares Outstanding	176.38	182.96	185.46	190.86	199.12
Working Capital	18,793	15,400	14,499	12,213	14,457
Book Value Per Share	85.32	71.12	65.04	51.77	57.30
Tangible Book Value	15,049	13,011	12,063	9,880	11,409
Tangible Book Value Per Share	85.32	71.12	65.04	51.77	57.30

Source: S&P Global Market Intelligence. Standard template. Financial Sources.