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

Microsoft Excel
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).

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.