Stock Analysis on Net

Apple Inc. (NASDAQ:AAPL)

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

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Sep 25, 2021 Sep 26, 2020 Sep 28, 2019 Sep 29, 2018 Sep 30, 2017 Sep 24, 2016
Accounts payable 54,763  42,296  46,236  55,888  49,049  37,294 
Current portion of finance leases 79  24  —  —  —  — 
Other current liabilities, excluding current portion of finance leases 47,414  42,660  37,720  32,687  25,744  22,027 
Deferred revenue 7,612  6,643  5,522  7,543  7,548  8,080 
Commercial paper 6,000  4,996  5,980  11,964  11,977  8,105 
Current portion of term debt 9,613  8,773  10,260  8,784  6,496  3,500 
Current liabilities 125,481  105,392  105,718  116,866  100,814  79,006 
Non-current portion of term debt 109,106  98,667  91,807  93,735  97,207  75,427 
Long-term taxes payable 24,689  28,170  29,545  33,589  257  — 
Non-current portion of finance leases 769  637  —  —  —  — 
Other non-current liabilities, excluding non-current portion of finance leases 27,867  25,683  20,958  14,388  42,994  39,004 
Other non-current liabilities 53,325  54,490  50,503  47,977  43,251  39,004 
Non-current liabilities 162,431  153,157  142,310  141,712  140,458  114,431 
Total liabilities 287,912  258,549  248,028  258,578  241,272  193,437 
Common stock and additional paid-in capital, $0.00001 par value 57,365  50,779  45,174  40,201  35,867  31,251 
Retained earnings 5,562  14,966  45,898  70,400  98,330  96,364 
Accumulated other comprehensive income (loss) 163  (406) (584) (3,454) (150) 634 
Shareholders’ equity 63,090  65,339  90,488  107,147  134,047  128,249 
Total liabilities and shareholders’ equity 351,002  323,888  338,516  365,725  375,319  321,686 

Based on: 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), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24).

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 decreased from 2019 to 2020 but then increased from 2020 to 2021 exceeding 2019 level.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Apple Inc. non-current liabilities increased from 2019 to 2020 and from 2020 to 2021.
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 2019 to 2020 and from 2020 to 2021.
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 2019 to 2020 and from 2020 to 2021.