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.

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

US$ in thousands

	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	1,373,100)	1,156,500)	965,200)	901,800)	764,200)	688,300)	603,100)	573,000)	598,000)	482,000)	502,600)	481,100)	397,000)	315,900)	267,500)	256,400)	232,400)	196,700)	169,100)	147,100)	135,400)	117,900)	88,000)
Accrued payroll and related expenses	151,300)	108,600)	94,800)	134,300)	112,700)	94,800)	84,700)	125,200)	115,300)	98,100)	81,400)	114,300)	92,100)	67,400)	59,000)	88,500)	70,900)	73,900)	51,300)	72,400)	55,000)	46,100)	34,200)
Current portion of long-term senior convertible notes	124,200)	773,800)	773,200)	772,600)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Short-term operating lease liabilities	21,000)	21,800)	22,200)	20,500)	20,900)	21,200)	20,900)	20,500)	19,300)	18,800)	18,200)	16,500)	15,800)	15,100)	14,500)	13,600)	14,800)	14,100)	12,300)	—)	—)	—)	—)
Deferred revenue	9,000)	9,000)	9,600)	10,100)	2,700)	2,700)	2,700)	2,100)	2,300)	1,800)	1,900)	2,200)	1,500)	1,700)	1,800)	1,700)	4,300)	3,500)	2,700)	2,900)	3,500)	6,800)	2,900)
Current liabilities	1,678,600)	2,069,700)	1,865,000)	1,839,300)	900,500)	807,000)	711,400)	720,800)	734,900)	600,700)	604,100)	614,100)	506,400)	400,100)	342,800)	360,200)	322,400)	288,200)	235,400)	222,400)	193,900)	170,800)	125,100)
Long-term senior convertible notes	2,432,400)	2,430,600)	1,198,500)	1,197,700)	1,968,800)	1,967,300)	1,965,900)	1,702,700)	1,703,500)	1,710,700)	1,688,800)	1,667,200)	1,645,800)	1,658,800)	1,072,400)	1,059,700)	1,047,100)	1,034,700)	1,022,400)	1,010,300)	338,800)	335,000)	331,300)
Long-term operating lease liabilities	83,400)	86,900)	89,700)	94,600)	82,100)	87,700)	93,300)	98,600)	102,900)	107,100)	111,300)	101,800)	103,200)	73,700)	77,300)	72,400)	34,300)	37,200)	29,500)	—)	—)	—)	—)
Other long-term liabilities	133,900)	133,100)	129,700)	128,300)	123,300)	99,500)	97,100)	90,000)	98,500)	87,700)	82,400)	80,900)	78,500)	35,300)	20,900)	20,100)	17,600)	17,500)	18,100)	20,000)	19,400)	19,600)	18,700)
Long-term liabilities	2,649,700)	2,650,600)	1,417,900)	1,420,600)	2,174,200)	2,154,500)	2,156,300)	1,891,300)	1,904,900)	1,905,500)	1,882,500)	1,849,900)	1,827,500)	1,767,800)	1,170,600)	1,152,200)	1,099,000)	1,089,400)	1,070,000)	1,030,300)	358,200)	354,600)	350,000)
Total liabilities	4,328,300)	4,720,300)	3,282,900)	3,259,900)	3,074,700)	2,961,500)	2,867,700)	2,612,100)	2,639,800)	2,506,200)	2,486,600)	2,464,000)	2,333,900)	2,167,900)	1,513,400)	1,512,400)	1,421,400)	1,377,600)	1,305,400)	1,252,700)	552,100)	525,400)	475,100)
Preferred stock, $0.001 par value; no shares issued and outstanding	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock, $0.001 par value	400)	400)	400)	400)	400)	400)	100)	100)	100)	100)	100)	100)	100)	100)	100)	100)	100)	100)	100)	100)	100)	100)	100)
Additional paid-in capital	3,618,000)	2,269,000)	2,305,600)	2,258,100)	2,072,100)	2,028,900)	1,996,600)	2,504,500)	2,322,100)	2,193,600)	2,162,000)	2,125,300)	2,153,700)	2,079,800)	1,706,500)	1,675,900)	1,651,600)	1,620,400)	1,590,600)	1,560,600)	1,181,600)	1,149,100)	1,122,500)
Accumulated other comprehensive income (loss)	(35,600)	(29,300)	(6,500)	(11,600)	(41,100)	(23,000)	(6,100)	500)	1,400)	2,800)	2,900)	3,200)	2,800)	3,500)	3,700)	2,300)	1,000)	2,000)	1,600)	1,500)	(300)	(1,300)	(4,900)
Retained earnings (accumulated deficit)	765,100)	644,400)	528,500)	479,900)	388,100)	286,900)	236,000)	(47,400)	(28,000)	(98,900)	(161,800)	(202,100)	(557,300)	(629,500)	(675,800)	(695,700)	(788,400)	(834,200)	(823,700)	(798,900)	(619,200)	(665,800)	(696,000)
Treasury stock, at cost	(2,080,000)	(784,100)	(595,000)	(595,000)	(595,000)	(37,300)	(37,300)	(206,200)	(159,500)	(100,000)	(100,000)	(100,000)	(100,000)	(100,000)	(100,000)	(100,000)	(100,000)	(100,000)	(100,000)	(100,000)	—)	—)	—)
Stockholders’ equity	2,267,900)	2,100,400)	2,233,000)	2,131,800)	1,824,500)	2,255,900)	2,189,300)	2,251,500)	2,136,100)	1,997,600)	1,903,200)	1,826,500)	1,499,300)	1,353,900)	934,500)	882,600)	764,300)	688,300)	668,600)	663,300)	562,200)	482,100)	421,700)
Total liabilities and stockholders’ equity	6,596,200)	6,820,700)	5,515,900)	5,391,700)	4,899,200)	5,217,400)	5,057,000)	4,863,600)	4,775,900)	4,503,800)	4,389,800)	4,290,500)	3,833,200)	3,521,800)	2,447,900)	2,395,000)	2,185,700)	2,065,900)	1,974,000)	1,916,000)	1,114,300)	1,007,500)	896,800)

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.

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DexCom Inc. (NASDAQ:DXCM)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data