Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

EMC Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012	Dec 31, 2011
Accounts payable	1,644)	1,696)	1,434)	1,041)	1,102)
Salaries and benefits	1,189)	1,260)	1,078)	1,018)	962)
Product warranties	172)	210)	289)	278)	255)
Dividends payable	234)	237)	205)	—)	—)
Partner rebates	221)	235)	214)	187)	168)
Restructuring, current	333)	115)	84)	76)	62)
Derivatives	82)	75)	23)	40)	51)
Other	892)	1,009)	890)	923)	859)
Accrued expenses	3,123)	3,141)	2,783)	2,522)	2,355)
Notes converted and payable	—)	—)	1,665)	—)	1,700)
Income taxes payable	609)	852)	639)	514)	156)
Short-term debt	1,299)	—)	—)	—)	—)
Current portion of convertible debt	—)	—)	—)	1,652)	1,605)
Deferred revenue	6,210)	6,021)	5,278)	4,575)	3,459)
Current liabilities	12,885)	11,710)	11,799)	10,304)	10,376)
Income taxes payable	461)	306)	296)	293)	239)
Deferred revenue	4,592)	4,144)	3,701)	2,976)	2,715)
Deferred income taxes	—)	274)	421)	575)	603)
Long-term debt	5,475)	5,495)	5,494)	—)	—)
Long-term convertible debt, excluding current portion	—)	—)	—)	58)	119)
Other liabilities	480)	431)	352)	339)	288)
Noncurrent liabilities	11,008)	10,650)	10,264)	4,241)	3,965)
Total liabilities	23,893)	22,360)	22,063)	14,545)	14,341)
Preferred stock, par value $0.01; none outstanding	—)	—)	—)	—)	—)
Common stock, par value $0.01	19)	20)	20)	21)	20)
Additional paid-in capital	—)	—)	1,406)	3,691)	3,053)
Retained earnings	21,700)	22,242)	21,114)	18,853)	16,121)
Accumulated other comprehensive loss, net	(579)	(366)	(239)	(208)	(235)
Total EMC Corporation’s shareholders’ equity	21,140)	21,896)	22,301)	22,357)	18,959)
Non-controlling interests	1,579)	1,629)	1,485)	1,167)	968)
Total shareholders’ equity	22,719)	23,525)	23,786)	23,524)	19,927)
Total liabilities and shareholders’ equity	46,612)	45,885)	45,849)	38,069)	34,268)

Based on: 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	EMC Corp. current liabilities decreased from 2013 to 2014 but then increased from 2014 to 2015 exceeding 2013 level.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	EMC Corp. noncurrent liabilities increased from 2013 to 2014 and from 2014 to 2015.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	EMC Corp. total liabilities increased from 2013 to 2014 and from 2014 to 2015.
Total EMC Corporation’s shareholders’ equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	EMC Corp. total EMC Corporation’s shareholders’ equity decreased from 2013 to 2014 and from 2014 to 2015.

EMC Corp. (NYSE:EMC)

Balance Sheet: Liabilities and Stockholders’ Equity