Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Applied Materials Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-K (reporting date: 2025-10-26), 10-Q (reporting date: 2025-07-27), 10-Q (reporting date: 2025-04-27), 10-Q (reporting date: 2025-01-26), 10-K (reporting date: 2024-10-27), 10-Q (reporting date: 2024-07-28), 10-Q (reporting date: 2024-04-28), 10-Q (reporting date: 2024-01-28), 10-K (reporting date: 2023-10-29), 10-Q (reporting date: 2023-07-30), 10-Q (reporting date: 2023-04-30), 10-Q (reporting date: 2023-01-29), 10-K (reporting date: 2022-10-30), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-05-01), 10-Q (reporting date: 2022-01-30), 10-K (reporting date: 2021-10-31), 10-Q (reporting date: 2021-08-01), 10-Q (reporting date: 2021-05-02), 10-Q (reporting date: 2021-01-31), 10-K (reporting date: 2020-10-25), 10-Q (reporting date: 2020-07-26), 10-Q (reporting date: 2020-04-26), 10-Q (reporting date: 2020-01-26).
- Short-term debt
- Short-term debt as a percentage of total liabilities and stockholders’ equity exhibits fluctuations over the period analyzed, starting at 3.04% in early 2020, decreasing to a low around 0.28%-0.33% between early 2023 and early 2024, and exhibiting a spike with values above 2% in late 2024 and early 2025 before returning to a low at the end of the period. This suggests intermittent short-term borrowing or repayment activities.
- Accounts payable and accrued expenses
- This liability item generally shows a slight upward trend from approximately 13% in early 2020 to around 14% on average in the later periods. There is some volatility, but the values remain within a narrow range, indicating relatively stable trade and operational payables in proportion to the company's financing.
- Contract liabilities
- Contract liabilities have increased steadily from about 7% of total financing at the start towards a peak near 11-12% in late 2022 and early 2023, followed by a gradual decline back to levels near 7% by late 2025. This pattern implies changes in the company's revenue recognition timing or contract arrangements over time.
- Current liabilities
- Current liabilities as a percentage of total financing exhibit variability, starting around 23% in early 2020, increasing to nearly 28% in late 2022, and then experiencing fluctuations in the low to mid-20% range thereafter. This reflects shifts in short-term obligations relative to total financing.
- Long-term debt, net of current portion
- There is a clear downward trend in long-term debt from 23.85% in early 2020 to under 18% by early 2024, with slight variations toward the end of the period. This suggests a steady reduction in long-term borrowing or an increased emphasis on other financing sources.
- Income taxes payable
- Income taxes payable decrease progressively from 6.57% in early 2020 to below 1% by 2025, indicating declining short-term tax liabilities proportionate to total financing, which might reflect changes in profitability, tax strategies, or payment timing.
- Other liabilities
- Other liabilities remain relatively stable throughout the period, fluctuating modestly between approximately 2.3% and 3.2%, indicating consistent minor liabilities unrelated to core debt or accounts payable.
- Non-current liabilities
- Non-current liabilities display a declining trend from about 33% in early 2020 to just over 20% by late 2025, reflecting the observed reduction in long-term debt and other long-term obligations as a proportion of total financing.
- Total liabilities
- Total liabilities decrease overall from roughly 56% early on to around 44% by the end of the period. This indicates a gradual shift toward increased shareholder equity financing versus liabilities over time.
- Common stock
- Common stock remains a negligible and stable component of total financing, consistently close to 0.02-0.05%, indicating no significant issuance or repurchase affecting this component.
- Additional paid-in capital
- This equity component declines moderately from about 38% in early 2020 to approximately 28-29% in later periods, suggesting repurchases, amortization, or other equity adjustments over time.
- Retained earnings
- Retained earnings relative to total financing show a general upward trend, increasing from around 127% in early 2020 to a peak above 156% by mid-2025 before a slight dip at the very end. This points to strong cumulative earnings retention and reinvestment increasing equity.
- Treasury stock
- Treasury stock consistently shows a substantial negative value, ranging from approximately -120% to -129% in most periods, with some volatility. This reflects significant shares repurchased and held by the company, impacting equity by reducing it.
- Accumulated other comprehensive loss
- Accumulated comprehensive loss declines steadily in magnitude from near -1% to around -0.3%, indicating a reduction in unrealized losses or other accumulations affecting equity negatively.
- Stockholders’ equity
- Stockholders’ equity shows a rising trend from about 44% up to nearly 57% of total financing by late 2025, indicating strengthened equity relative to liabilities. This is consistent with increasing retained earnings and partially offset by treasury stock impacts.
- Total liabilities and stockholders’ equity
- The total financing composition remains consistent and balanced at 100% across all periods, serving as the constant denominator for the ratios analyzed.