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.

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

US$ in millions

	Sep 30, 2023	Sep 24, 2022	Sep 25, 2021	Sep 26, 2020	Sep 28, 2019	Sep 29, 2018
Accounts payable	62,611)	64,115)	54,763)	42,296)	46,236)	55,888)
Income taxes payable	8,819)	6,552)	—)	—)	—)	—)
Current portion of finance leases	165)	129)	79)	24)	—)	—)
Other current liabilities	49,845)	54,164)	47,414)	42,660)	37,720)	32,687)
Other current liabilities	58,829)	60,845)	47,493)	42,684)	37,720)	32,687)
Deferred revenue	8,061)	7,912)	7,612)	6,643)	5,522)	7,543)
Commercial paper	5,985)	9,982)	6,000)	4,996)	5,980)	11,964)
Current portion of term debt	9,822)	11,128)	9,613)	8,773)	10,260)	8,784)
Current liabilities	145,308)	153,982)	125,481)	105,392)	105,718)	116,866)
Non-current portion of term debt	95,281)	98,959)	109,106)	98,667)	91,807)	93,735)
Long-term taxes payable	15,457)	16,657)	24,689)	28,170)	29,545)	33,589)
Non-current portion of finance leases	859)	812)	769)	637)	—)	—)
Other non-current liabilities	33,532)	31,673)	27,867)	25,683)	20,958)	14,388)
Other non-current liabilities	49,848)	49,142)	53,325)	54,490)	50,503)	47,977)
Non-current liabilities	145,129)	148,101)	162,431)	153,157)	142,310)	141,712)
Total liabilities	290,437)	302,083)	287,912)	258,549)	248,028)	258,578)
Common stock and additional paid-in capital, $0.00001 par value	73,812)	64,849)	57,365)	50,779)	45,174)	40,201)
Retained earnings (accumulated deficit)	(214)	(3,068)	5,562)	14,966)	45,898)	70,400)
Accumulated other comprehensive income (loss)	(11,452)	(11,109)	163)	(406)	(584)	(3,454)
Shareholders’ equity	62,146)	50,672)	63,090)	65,339)	90,488)	107,147)
Total liabilities and shareholders’ equity	352,583)	352,755)	351,002)	323,888)	338,516)	365,725)

Based on: 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29).

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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.	Apple Inc. current liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Apple Inc. non-current liabilities decreased from 2021 to 2022 and from 2022 to 2023.
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.	Apple Inc. total liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
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.	Apple Inc. shareholders’ equity decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

Apple Inc. (NASDAQ:AAPL)

Balance Sheet: Liabilities and Stockholders’ Equity