Name: Dollar Tree Inc. (NASDAQ:DLTR) | Liabilities and Stockholders’ Equity (Quarterly)
Creator: Stock Analysis on Net

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

US$ in thousands

	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019	Feb 2, 2019	Nov 3, 2018	Aug 4, 2018	May 5, 2018	Feb 3, 2018	Oct 28, 2017	Jul 29, 2017	Apr 29, 2017	Jan 28, 2017	Oct 29, 2016	Jul 30, 2016	Apr 30, 2016
Current portion of long-term debt	350,000)	—)	—)	—)	—)	—)	—)	—)	300,000)	800,000)	1,050,000)	250,000)	750,000)	750,000)	750,000)	—)	—)	—)	—)	915,900)	165,900)	165,900)	165,900)	152,100)	145,800)	145,500)	120,500)
Current portion of operating lease liabilities	1,426,700)	1,428,300)	1,406,700)	1,407,800)	1,388,000)	1,368,600)	1,355,600)	1,348,200)	1,296,500)	1,284,600)	1,265,000)	1,279,300)	1,202,600)	1,215,000)	1,215,900)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Accounts payable	1,864,200)	2,011,300)	1,794,100)	1,884,200)	1,984,800)	1,559,600)	1,520,700)	1,480,500)	1,587,200)	1,481,000)	1,336,900)	1,336,500)	1,473,100)	1,455,400)	1,186,500)	1,416,400)	1,365,100)	1,241,700)	1,181,500)	1,174,800)	1,181,300)	1,196,300)	1,223,900)	1,119,600)	1,266,400)	1,351,500)	1,260,300)
Income taxes payable	—)	27,400)	162,800)	82,600)	—)	11,700)	169,500)	86,300)	—)	1,900)	84,200)	62,700)	—)	—)	125,200)	60,000)	700)	14,100)	81,700)	31,500)	—)	—)	221,300)	90,000)	—)	—)	46,200)
Other current liabilities	1,042,200)	913,500)	926,300)	802,000)	918,400)	782,800)	856,400)	815,300)	858,600)	711,300)	768,100)	618,000)	754,000)	673,600)	701,700)	619,300)	769,900)	651,600)	654,000)	736,900)	692,700)	722,500)	629,500)	744,200)	722,000)	683,000)	622,100)
Current liabilities	4,683,100)	4,380,500)	4,289,900)	4,176,600)	4,291,200)	3,722,700)	3,902,200)	3,730,300)	4,042,300)	4,278,800)	4,504,200)	3,546,500)	4,179,700)	4,094,000)	3,979,300)	2,095,700)	2,135,700)	1,907,400)	1,917,200)	2,859,100)	2,039,900)	2,084,700)	2,240,600)	2,105,900)	2,134,200)	2,180,000)	2,049,100)
Long-term debt, net, excluding current portion	3,420,400)	3,419,300)	3,418,100)	3,417,000)	3,231,100)	3,229,500)	3,227,800)	3,226,200)	3,225,300)	3,224,300)	3,223,300)	3,522,200)	3,520,200)	3,518,600)	3,516,900)	4,265,300)	5,043,800)	5,041,800)	5,040,100)	4,762,100)	5,557,000)	5,595,000)	6,131,700)	6,169,700)	6,938,000)	7,155,700)	7,209,800)
Operating lease liabilities, long-term	5,155,900)	5,139,500)	5,087,900)	5,145,500)	5,151,000)	5,078,700)	5,099,200)	5,065,500)	4,962,100)	4,981,600)	4,885,200)	4,979,500)	4,636,000)	4,767,400)	4,849,500)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Unfavorable lease rights, net of accumulated amortization	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	78,800)	84,000)	89,200)	94,500)	100,000)	105,700)	111,500)	117,600)	124,000)	130,200)	136,600)	142,900)
Deferred income taxes, net	1,101,100)	1,063,600)	1,060,700)	987,200)	1,096,800)	1,030,900)	1,035,700)	1,013,500)	1,043,100)	1,008,100)	1,037,700)	984,700)	1,001,500)	960,200)	954,200)	973,200)	999,200)	976,000)	976,200)	985,200)	1,472,400)	1,449,800)	1,433,600)	1,458,900)	1,495,500)	1,556,000)	1,566,200)
Income taxes payable, long-term	22,000)	20,700)	21,200)	20,900)	26,400)	24,000)	23,700)	22,600)	31,000)	29,400)	30,200)	28,900)	29,700)	30,100)	35,800)	35,400)	33,000)	30,100)	42,500)	43,800)	45,100)	41,600)	71,800)	71,200)	72,300)	73,600)	71,100)
Other liabilities	251,700)	256,200)	253,000)	256,100)	349,100)	347,700)	350,800)	352,600)	387,300)	335,200)	270,600)	258,000)	253,700)	257,800)	262,700)	409,900)	410,500)	411,600)	400,900)	400,300)	393,600)	389,500)	390,400)	382,400)	377,100)	370,600)	352,200)
Noncurrent liabilities	9,951,100)	9,899,300)	9,840,900)	9,826,700)	9,854,400)	9,710,800)	9,737,200)	9,680,400)	9,648,800)	9,578,600)	9,447,000)	9,773,300)	9,441,100)	9,534,100)	9,619,100)	5,762,600)	6,570,500)	6,548,700)	6,554,200)	6,291,400)	7,573,800)	7,587,400)	8,145,100)	8,206,200)	9,013,100)	9,292,500)	9,342,200)
Total liabilities	14,634,200)	14,279,800)	14,130,800)	14,003,300)	14,145,600)	13,433,500)	13,639,400)	13,410,700)	13,691,100)	13,857,400)	13,951,200)	13,319,800)	13,620,800)	13,628,100)	13,598,400)	7,858,300)	8,706,200)	8,456,100)	8,471,400)	9,150,500)	9,613,700)	9,672,100)	10,385,700)	10,312,100)	11,147,300)	11,472,500)	11,391,300)
Shareholders’ equity	8,275,300)	8,396,500)	8,241,500)	7,718,500)	7,244,400)	7,011,700)	7,411,300)	7,285,300)	6,961,100)	6,813,600)	6,520,600)	6,254,800)	6,121,300)	5,865,700)	5,755,900)	5,642,900)	7,943,100)	7,647,500)	7,355,700)	7,182,300)	6,116,500)	5,860,200)	5,609,000)	5,389,500)	5,047,700)	4,856,900)	4,669,600)
Total liabilities and shareholders’ equity	22,909,500)	22,676,300)	22,372,300)	21,721,800)	21,390,000)	20,445,200)	21,050,700)	20,696,000)	20,652,200)	20,671,000)	20,471,800)	19,574,600)	19,742,100)	19,493,800)	19,354,300)	13,501,200)	16,649,300)	16,103,600)	15,827,100)	16,332,800)	15,730,200)	15,532,300)	15,994,700)	15,701,600)	16,195,000)	16,329,400)	16,060,900)

The financial position of the company is characterized by a significant structural shift in liability reporting and a consistent expansion of the total balance sheet. Between April 2016 and October 2022, total liabilities and shareholders’ equity grew from approximately 16.06 billion USD to 22.91 billion USD, reflecting an overall increase in the organization's asset and funding base.

Liability Structural Shift and Lease Accounting: A primary observation is the dramatic change in the composition of liabilities occurring in May 2019. Prior to this period, operating lease liabilities were not recorded on the balance sheet. Following May 2019, the introduction of current operating lease liabilities (approximately 1.22 billion USD) and long-term operating lease liabilities (approximately 4.85 billion USD) fundamentally altered the leverage profile. By October 2022, long-term operating lease liabilities had increased further to 5.16 billion USD, becoming a dominant component of noncurrent liabilities.
Long-Term Debt Management: A clear downward trend is observed in net long-term debt, excluding the current portion. This figure declined from 7.21 billion USD in April 2016 to 3.42 billion USD by October 2022. This suggests a strategic effort to deleverage traditional debt obligations over the six-year period, even as the company recognized substantial lease-related liabilities.
Current Liability Trends: Current liabilities exhibited a general upward trajectory, rising from 2.05 billion USD in April 2016 to 4.68 billion USD in October 2022. A significant driver of this increase was the growth in accounts payable, which rose from 1.26 billion USD to 1.86 billion USD over the analyzed period. The current portion of long-term debt showed high volatility, with notable peaks in February 2018 (915.9 million USD) and May 2020 (1.05 billion USD), indicating periodic refinancing or scheduled repayments.
Equity Growth and Capitalization: Shareholders’ equity demonstrated a consistent long-term increase, growing from 4.67 billion USD in April 2016 to 8.28 billion USD in October 2022. Despite a temporary contraction observed around February 2019, the overall trend indicates a strengthening of the company's internal net worth and a reduction in the total liabilities-to-equity ratio relative to the growth in the total balance sheet.
Tax Liability Observations: Deferred income taxes, net, showed a general decline from 1.57 billion USD in early 2016 to roughly 1.10 billion USD by October 2022. This decrease correlates with a reduction in the long-term tax liability profile, although current income taxes payable remained volatile on a quarterly basis.

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Dollar Tree Inc. (NASDAQ:DLTR)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data