Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
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Alphabet Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (reporting date: 2024-12-31), 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).
The analysis of the annual financial data reveals several key trends in the company's liabilities and stockholders’ equity composition over the five-year period.
- Accounts Payable
- This liability category shows a fluctuating but generally stable trend, starting at 1.75% in 2020, dipping to 1.4% in 2022, and then increasing again to around 1.77% by 2024.
- Accrued Compensation and Benefits
- There was a gradual increase from 3.47% in 2020 to a peak of 3.87% in 2021, followed by a slight decline to 3.35% by 2024, indicating some variability possibly linked to workforce-related costs.
- European Commission Fines
- A continuous decline is evident from 3.26% in 2020 to 1.4% in 2024, suggesting a significant reduction in this liability over the period.
- Accrued Purchases of Property and Equipment
- There is a noticeable upward trend starting from 0.69% in 2020 and increasing progressively to 1.58% in 2024, indicating rising capital expenditure commitments.
- Accrued Customer Liabilities and Current Portion of Operating Lease Liabilities
- Both items remained relatively stable, around 1% and 0.5-0.7% respectively, with minor fluctuations.
- Income Taxes Payable, Net
- Recorded starting in 2022, this liability rose from 0.45% to 0.68% in 2023 and slightly decreased to 0.65% in 2024, indicating a rising tax obligation over the latest periods.
- Current Portion of Finance Lease Liabilities
- Data appears only for 2024 at 0.05%, showing the introduction or recognition of this liability in the latest period.
- Short-term Debt
- This item decreased sharply from 0.34% in 2020 to 0.03% in 2021, fluctuated slightly thereafter, and grew to 0.73% in 2024, demonstrating variable reliance on short-term borrowing.
- Other Accrued Expenses and Current Liabilities
- There is a clear upward trend from 3.63% in 2020 to 5.37% in 2024, indicating increasing accruals or operational liabilities in the short term.
- Accrued Expenses and Other Current Liabilities
- This category rose from 9.42% in 2020 to a peak of 11.47% in 2023 with a slight decrease to 11.38% in 2024, evidencing an expanding portion of current liabilities under these headings.
- Accrued Revenue Share
- Relatively stable over the years, hovering around 2.2% to 2.5%, showing consistent accrued revenue obligations.
- Deferred Revenue
- Gradual increase from 0.8% in 2020 to 1.12% in 2024 signifies growing customer advances or unearned revenue.
- Current Liabilities
- There is a steady increase from 17.78% in 2020 to a peak of 20.33% in 2023 and a slight reduction to 19.79% in 2024, reflecting overall growth in short-term obligations.
- Long-term Debt, Excluding Current Portion
- A declining trend is observed, decreasing from 4.36% in 2020 to 2.42% in 2024, indicating reduction in long-term borrowing commitments.
- Income Taxes Payable, Non-current
- This liability decreased from 2.77% in 2020 to 1.95% in 2024, suggesting lowered long-term tax liabilities.
- Long-term Portion of Operating Lease Liabilities
- The percentage declined gradually from 3.49% in 2020 to 2.6% in 2024, showing a reduction in lease-related long-term obligations.
- Long-term Portion of Finance Lease Liabilities
- Data appears only in 2024 at 0.32%, indicating a new or recognized finance lease liability element.
- Other Long-term Liabilities
- This category decreased significantly from 1.97% in 2020 to 0.72% in 2024, reflecting a reduction in miscellaneous long-term obligations.
- Long-term Liabilities
- Overall long-term liabilities decreased consistently from 12.59% in 2020 to 8.01% in 2024, indicating a deliberate reduction of long-term financial commitments.
- Total Liabilities
- A slight but steady decline from 30.37% in 2020 to 27.8% in 2024 suggests an overall reduction in liabilities relative to total liabilities and stockholders’ equity.
- Class A, B, and C Stock and Additional Paid-in Capital
- After a drop from 18.31% in 2020 to 17.19% in 2021, this equity component increases and stabilizes close to 19% in the later periods, indicating strengthening or consistent capital investment.
- Accumulated Other Comprehensive Income (Loss)
- There is a noticeable shift from a positive 0.2% in 2020 to negative values reaching -2.08% in 2022, with some recovery afterwards, pointing to fluctuations in comprehensive income components affecting equity.
- Retained Earnings
- A generally positive trend is visible, growing from 51.12% in 2020 to 54.43% in 2024, highlighting accumulated profitability and earnings retention over time.
- Stockholders’ Equity
- Equity as a proportion of total liabilities and stockholders’ equity increased slightly from 69.63% in 2020 to 72.2% in 2024, underlining a stronger equity base relative to liabilities. This change complements the observed reduction in total liabilities.
In summary, the data indicate a strategic reduction in both short-term and long-term liabilities, alongside stable to increasing equity components. The company shows a cautious approach by lowering long-term debt and other liabilities while maintaining solid retained earnings and share capital proportions. This trend may reflect efforts to strengthen the balance sheet and improve financial stability over the analyzed period.