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.

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

US$ in millions, translated from JPY ￥

	Mar 31, 2015	Mar 31, 2014	Mar 31, 2013	Mar 31, 2012	Mar 31, 2011	Mar 31, 2010
Short-term borrowings	42,082)	46,910)	43,432)	41,984)	38,232)	35,250)
Current portion of long-term debt	32,638)	28,643)	28,722)	30,571)	33,347)	23,843)
Accounts payable	20,095)	21,492)	22,449)	27,285)	18,077)	21,029)
Other payables	7,611)	8,210)	7,658)	7,654)	6,967)	6,153)
Accrued expenses	22,246)	22,462)	23,211)	22,248)	21,326)	18,658)
Income taxes payable	2,908)	5,776)	1,660)	1,628)	1,357)	1,649)
Other current liabilities	9,394)	9,066)	10,003)	11,976)	10,472)	8,275)
Current liabilities	136,975)	142,559)	137,134)	143,346)	129,777)	114,856)
Long-term debt, excluding current portion	83,481)	82,996)	77,929)	73,516)	77,561)	75,402)
Accrued pension and severance costs	7,338)	7,454)	8,136)	8,619)	8,034)	7,294)
Deferred income taxes	19,160)	17,594)	14,719)	11,058)	9,743)	8,741)
Other long-term liabilities	3,817)	3,995)	3,272)	1,744)	2,162)	2,422)
Long-term liabilities	113,796)	112,039)	104,056)	94,937)	97,500)	93,859)
Total liabilities	250,771)	254,598)	241,190)	238,283)	227,278)	208,715)
Common stock, no par value	3,310)	3,856)	4,217)	4,831)	4,775)	4,268)
Additional paid-in capital	4,560)	5,354)	5,852)	6,700)	6,083)	5,388)
Retained earnings	129,976)	137,078)	134,762)	144,994)	142,341)	124,340)
Accumulated other comprehensive income (loss)	12,317)	5,129)	(3,782)	(14,343)	(13,767)	(9,102)
Treasury stock, at cost	(10,216)	(10,911)	(12,034)	(13,818)	(15,170)	(13,547)
Total Toyota Motor Corporation shareholders’ equity	139,948)	140,504)	129,015)	128,364)	124,262)	111,347)
Noncontrolling interests	7,162)	7,281)	6,636)	6,281)	7,067)	6,134)
Total shareholders’ equity	147,110)	147,786)	135,651)	134,645)	131,329)	117,481)
Total liabilities and shareholders’ equity	397,881)	402,384)	376,841)	372,928)	358,607)	326,196)

Based on: 20-F (reporting date: 2015-03-31), 20-F (reporting date: 2014-03-31), 20-F (reporting date: 2013-03-31), 20-F (reporting date: 2012-03-31), 20-F (reporting date: 2011-03-31), 20-F (reporting date: 2010-03-31).

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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.	Toyota Motor Corp. current liabilities increased from 2013 to 2014 but then decreased significantly from 2014 to 2015.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Toyota Motor Corp. long-term 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.	Toyota Motor Corp. total liabilities increased from 2013 to 2014 but then slightly decreased from 2014 to 2015.
Total Toyota Motor Corporation 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.	Toyota Motor Corp. total Toyota Motor Corporation shareholders’ equity increased from 2013 to 2014 but then slightly decreased from 2014 to 2015.

Toyota Motor Corp. (NYSE:TM)

Balance Sheet: Liabilities and Stockholders’ Equity