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.

Pfizer Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Short-term borrowings, including current portion of long-term debt	10,350)	2,945)	2,241)	2,703)	16,195)
Trade accounts payable	6,710)	6,809)	5,578)	4,309)	4,220)
Dividends payable	2,372)	2,303)	2,249)	2,162)	2,104)
Income taxes payable	2,349)	1,587)	1,266)	1,049)	980)
Accrued compensation and related items	2,776)	3,407)	3,332)	3,058)	2,720)
Deferred revenues	2,700)	2,520)	3,067)	1,113)	—)
Other current liabilities	20,537)	22,567)	24,938)	11,526)	11,085)
Current liabilities	47,794)	42,138)	42,671)	25,920)	37,304)
Long-term debt, excluding current portion	61,538)	32,884)	36,195)	37,133)	35,955)
Pension and postretirement benefit obligations	2,167)	2,250)	3,724)	5,411)	6,762)
Noncurrent deferred tax liabilities	640)	1,023)	349)	4,063)	5,578)
Other taxes payable	8,534)	9,812)	11,331)	11,560)	12,126)
Other noncurrent liabilities	16,540)	13,181)	9,743)	6,669)	6,317)
Noncurrent liabilities	89,419)	59,150)	61,342)	64,836)	66,738)
Total liabilities	137,213)	101,288)	104,013)	90,756)	104,042)
Preferred stock, no par value, at stated value	—)	—)	—)	—)	17)
Common stock, $0.05 par value	478)	476)	473)	470)	468)
Additional paid-in capital	92,631)	91,802)	90,591)	88,674)	87,428)
Treasury stock, shares at cost	(114,487)	(113,969)	(111,360)	(110,988)	(110,800)
Retained earnings	118,353)	125,656)	103,394)	96,770)	97,670)
Accumulated other comprehensive loss	(7,961)	(8,304)	(5,897)	(11,688)	(11,640)
Total Pfizer Inc. shareholders’ equity	89,014)	95,661)	77,201)	63,238)	63,143)
Equity attributable to noncontrolling interests	274)	255)	261)	235)	304)
Total equity	89,288)	95,916)	77,462)	63,473)	63,447)
Total liabilities and equity	226,501)	197,204)	181,475)	154,229)	167,489)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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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.	Pfizer Inc. current liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Pfizer Inc. noncurrent liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
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.	Pfizer Inc. total liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Total Pfizer Inc. 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.	Pfizer Inc. total Pfizer Inc. shareholders’ equity increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.

Pfizer Inc. (NYSE:PFE)

Balance Sheet: Liabilities and Stockholders’ Equity