Stock Analysis on Net
Stock Analysis on Net

DexCom Inc. (NASDAQ:DXCM)

$22.49

This company has been moved to the archive! The financial data has not been updated since October 26, 2023.

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.

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DexCom Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018
Accounts payable and accrued liabilities
Accrued payroll and related expenses
Current portion of long-term senior convertible notes
Short-term operating lease liabilities
Deferred revenue
Current liabilities
Long-term senior convertible notes
Long-term operating lease liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
Preferred stock, $0.001 par value; no shares issued and outstanding
Common stock, $0.001 par value
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Treasury stock, at cost
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31).

Accounts payable and accrued liabilities
There is a steady and consistent increase in accounts payable and accrued liabilities from $88 million in March 2018 to $1.373 billion in September 2023. This reflects a growing obligation towards suppliers and accrued expenses over the period.
Accrued payroll and related expenses
Accrued payroll expenses show fluctuations across the periods but exhibit an overall upward trend from $34.2 million in March 2018 to $151.3 million in September 2023, indicating increasing payroll liabilities consistent with potential workforce growth or increased compensation.
Current portion of long-term senior convertible notes
Values for this item are missing until 2023, when current portion figures appear prominently at around $773 million during the first three quarters, dropping sharply to $124.2 million in December 2023, possibly reflecting repayments or refinancing activity.
Short-term operating lease liabilities
These liabilities gradually increased from $12.3 million in December 2018 to a peak of $22.2 million in June 2023, followed by a slight decrease to $21 million in September 2023, indicating modest growth in short-term lease obligations.
Deferred revenue
Deferred revenue fluctuates but remains in a relatively low range until a distinct increase to $10.1 million in March 2023, followed by a slight decline and stabilization around $9 million in the subsequent quarters, suggesting a rise in prepayments or unearned income around early 2023.
Current liabilities
Current liabilities have seen a significant increase from $125.1 million in March 2018 to $1.678 billion in March 2023, peaking at $2.07 billion in September 2023 before declining to $1.68 billion. This substantial growth is driven mainly by rises in accounts payable, accrued expenses, and current portions of long-term debt.
Long-term senior convertible notes
Long-term senior convertible notes rose steadily from $331.3 million in March 2018 to a peak of $2.43 billion in September 2023, with some volatility around 2022, including a decrease to $1.2 billion in December 2022, indicating refinancing or conversion activity during that timeframe.
Long-term operating lease liabilities
There was an increase in long-term operating lease liabilities from $29.5 million in December 2018 to a peak around $111.3 million in March 2021, followed by a gradual decrease to $83.4 million by September 2023, reflecting changes in lease commitments or lease terminations.
Other long-term liabilities
Other long-term liabilities increased from $18.7 million in March 2018 to about $134 million in September 2023, with occasional fluctuations, indicating growing additional long-term obligations.
Long-term liabilities
There is a marked increase in long-term liabilities from $350 million in March 2018 to $2.65 billion in September 2023. The spike at the end of 2018 and large growth through 2020 and 2021 suggest significant debt issuance or reclassification of liabilities.
Total liabilities
Total liabilities show steady growth from $475.1 million in March 2018 to a peak of $4.72 billion in June 2023, declining moderately to $4.33 billion by September 2023. The pattern reflects increased borrowing and accrued expenses over the period, with a small reduction towards the end.
Common stock and Additional paid-in capital
Common stock value remains almost constant at $100 thousand until June 2022, when it increases to $400 thousand, possibly due to stock issuance or restructuring. Additional paid-in capital generally increased over the period, with significant growth observed around 2020 and early 2023, indicating capital raising activities.
Accumulated other comprehensive income (loss)
This item shows variability, with moving losses and occasional gains. The accumulated value deteriorated significantly to a loss of $41.1 million by September 2022 but improved somewhat afterwards, indicating exposure to certain comprehensive income items such as foreign currency translation or unrealized losses/gains on investments.
Retained earnings (accumulated deficit)
The company experienced a large accumulated deficit early on, decreasing from -$696 million in March 2018 to a low of -$202 million in December 2020. Afterward, retained earnings improved substantially, becoming positive from March 2022 onwards and reaching $765.1 million by September 2023, suggesting consistent profitability or retained earnings increases recently.
Treasury stock
Treasury stock balances appear starting from December 2018, maintaining around $100 million initially but increasing drastically to -$2.08 billion by September 2023, indicating substantial stock repurchases or treasury share transactions during the period.
Stockholders’ equity
Equity increases from $421.7 million in March 2018 to a peak of $2.26 billion in September 2023, with some fluctuations. Despite the large treasury stock impact, overall equity growth is robust, driven primarily by increases in additional paid-in capital and retained earnings.
Total liabilities and stockholders’ equity
The combined total rises from $896.8 million in March 2018 to $6.6 billion in September 2023, reflecting overall growth in the company’s balance sheet size. This growth is principally attributed to expansions in liabilities and equity driven by financing and operational activities.