Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data
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.
Analog Devices Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in thousands
Aug 1, 2026
May 2, 2026
Jan 31, 2026
Nov 1, 2025
Aug 2, 2025
May 3, 2025
Feb 1, 2025
Nov 2, 2024
Aug 3, 2024
May 4, 2024
Feb 3, 2024
Oct 28, 2023
Jul 29, 2023
Apr 29, 2023
Jan 28, 2023
Oct 29, 2022
Jul 30, 2022
Apr 30, 2022
Jan 29, 2022
Oct 30, 2021
Jul 31, 2021
May 1, 2021
Jan 30, 2021
Oct 31, 2020
Aug 1, 2020
May 2, 2020
Feb 1, 2020
Accounts payable
682,167)
598,640)
549,058)
543,760)
490,723)
429,405)
368,939)
487,457)
424,735)
422,683)
398,107)
493,041)
585,570)
569,002)
534,659)
582,160)
545,068)
451,443)
436,227)
443,434)
265,933)
279,222)
227,423)
227,273)
215,894)
194,211)
211,670)
Income taxes payable
461,804)
325,626)
755,829)
610,370)
475,033)
358,949)
487,456)
447,379)
398,347)
360,951)
410,013)
309,046)
423,438)
308,968)
513,943)
265,845)
445,726)
337,362)
400,420)
332,685)
233,055)
171,181)
148,191)
182,080)
149,376)
151,691)
118,406)
Debt, current
1,344,855)
899,227)
898,900)
—)
—)
—)
399,855)
399,636)
899,251)
898,776)
499,322)
499,052)
—)
—)
—)
—)
—)
—)
—)
516,663)
1,324,677)
1,324,451)
399,220)
—)
449,324)
448,945)
748,460)
Commercial paper notes
1,005,104)
550,198)
543,042)
446,639)
548,665)
548,720)
548,403)
547,738)
547,443)
548,235)
544,444)
547,224)
544,710)
253,635)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
—)
Accrued liabilities
2,162,324)
2,083,216)
1,583,794)
1,645,032)
1,464,617)
1,353,568)
1,166,343)
1,106,070)
956,853)
1,066,677)
1,071,480)
1,352,608)
1,277,300)
1,514,805)
1,385,075)
1,594,650)
1,450,407)
1,537,407)
1,385,259)
1,477,530)
969,677)
1,001,975)
901,923)
955,633)
873,182)
787,155)
692,006)
Current liabilities
5,656,254)
4,456,907)
4,330,623)
3,245,801)
2,979,038)
2,690,642)
2,970,996)
2,988,280)
3,226,629)
3,297,322)
2,923,366)
3,200,971)
2,831,018)
2,646,410)
2,433,677)
2,442,655)
2,441,201)
2,326,212)
2,221,906)
2,770,312)
2,793,342)
2,776,829)
1,676,757)
1,364,986)
1,687,776)
1,582,002)
1,770,542)
Long-term debt, excluding current
6,771,624)
7,235,424)
7,240,279)
8,145,066)
8,139,938)
6,648,417)
6,618,556)
6,634,313)
6,655,723)
6,611,681)
5,946,673)
5,902,457)
6,437,650)
6,475,646)
6,543,250)
6,548,625)
6,252,839)
6,253,215)
6,253,575)
6,253,212)
3,824,819)
3,823,595)
4,747,347)
5,145,102)
5,143,653)
5,142,223)
4,745,302)
Deferred income taxes
1,837,959)
1,906,115)
1,995,833)
2,163,281)
2,371,536)
2,379,575)
2,514,866)
2,624,392)
2,743,015)
2,887,952)
2,975,815)
3,127,852)
3,150,748)
3,325,350)
3,477,044)
3,622,538)
3,764,370)
3,873,084)
3,952,185)
3,938,830)
1,776,308)
1,833,520)
1,862,068)
1,919,595)
1,961,009)
2,000,644)
2,055,100)
Income taxes payable
90,723)
87,109)
103,644)
100,963)
99,880)
96,354)
261,564)
260,486)
266,150)
266,625)
415,535)
417,076)
441,361)
523,653)
712,376)
707,846)
712,982)
698,525)
832,204)
811,337)
529,057)
528,884)
592,281)
591,780)
591,509)
597,166)
656,103)
Other non-current liabilities
516,960)
521,507)
533,552)
521,846)
516,367)
518,879)
531,029)
544,489)
536,748)
549,497)
579,002)
581,000)
582,216)
560,456)
536,688)
515,363)
536,187)
549,834)
528,432)
555,838)
453,701)
458,285)
473,911)
449,195)
438,061)
438,045)
460,263)
Non-current liabilities
9,217,266)
9,750,155)
9,873,308)
10,931,156)
11,127,721)
9,643,225)
9,926,015)
10,063,680)
10,201,636)
10,315,755)
9,917,025)
10,028,385)
10,611,975)
10,885,105)
11,269,358)
11,394,372)
11,266,378)
11,374,658)
11,566,396)
11,559,217)
6,583,885)
6,644,284)
7,675,607)
8,105,672)
8,134,232)
8,178,078)
7,916,768)
Total liabilities
14,873,520)
14,207,062)
14,203,931)
14,176,957)
14,106,759)
12,333,867)
12,897,011)
13,051,960)
13,428,265)
13,613,077)
12,840,391)
13,229,356)
13,442,993)
13,531,515)
13,703,035)
13,837,027)
13,707,579)
13,700,870)
13,788,302)
14,329,529)
9,377,227)
9,421,113)
9,352,364)
9,470,658)
9,822,008)
9,760,080)
9,687,310)
Preferred stock, $1.00 par value, none outstanding
The financial position of the entity is characterized by a significant expansion of the balance sheet occurring in late 2021, followed by a period of gradual consolidation in equity and a shifting composition of liabilities. Total liabilities and shareholders' equity increased from approximately 21.4 billion USD in early 2020 to a peak of 52.3 billion USD in October 2021, before stabilizing around 48.4 billion USD by August 2026.
Equity Structure and Capitalization
A substantial increase in shareholders' equity was observed in October 2021, rising from 12.3 billion USD to 38.0 billion USD. This surge was primarily driven by a sharp increase in capital in excess of par value, which jumped from approximately 4.6 billion USD to 30.6 billion USD, suggesting a major equity-based capital event. Following this peak, total equity entered a slow downward trend, declining to 33.6 billion USD by August 2026. Despite this overall decline in equity, retained earnings demonstrated consistent growth, increasing from 6.9 billion USD in February 2020 to 12.3 billion USD in August 2026, reflecting sustained internal profit accumulation.
Liability Composition and Trends
Total liabilities experienced a significant step-up in October 2021, increasing from 9.4 billion USD to 14.3 billion USD. This growth was largely attributed to an increase in long-term debt and deferred income taxes. While non-current liabilities peaked in 2021 and generally trended downward to 9.2 billion USD by August 2026, current liabilities exhibited the opposite pattern. Current liabilities grew from 1.8 billion USD in early 2020 to 5.7 billion USD by August 2026, indicating an increasing reliance on short-term funding and an expansion of operational obligations.
Debt Obligations and Liquidity Management
Long-term debt showed significant volatility, peaking at 8.1 billion USD in early 2024 before receding to 6.8 billion USD by August 2026. Short-term debt management became more active in the latter half of the period; specifically, commercial paper notes, which were absent in early years, stabilized around 548 million USD starting in 2023 before spiking to 1.0 billion USD in August 2026. This coincides with a spike in current debt to 1.3 billion USD in the same final period, suggesting a strategic shift toward short-term borrowing instruments to manage liquidity or fund operations.
Operational Liabilities and Tax Obligations
Accrued liabilities show a long-term upward trajectory, moving from 692 million USD in February 2020 to 2.2 billion USD by August 2026. Accounts payable also trended upward over the six-year period, ending at 682 million USD compared to 212 million USD at the start. Income taxes payable exhibited significant quarterly fluctuations, with a notable increase in non-current income tax liabilities during the 2021 period, followed by a substantial reduction in those long-term obligations by 2026.
