Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Gilead Sciences Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 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).
- Accounts Payable
- The accounts payable ratio as a percentage of total liabilities and stockholders’ equity fluctuates moderately throughout the analyzed periods, ranging approximately from 0.84% to 1.66%. The highest values are observed towards the later periods, indicating a slight increasing trend in the company's payables relative to its capital structure in recent quarters.
- Accrued Rebates
- This metric remains relatively stable but exhibits a gradual upward trend overall, increasing from around 4.99% to a peak above 7% in the latest periods. This suggests that the company’s accrued rebates have grown as a proportion of total liabilities and equity, possibly reflecting changes in rebate policies or sales volume adjustments.
- Current Portion of Long-Term Debt, Net
- Significant volatility characterizes this item, with spikes noted in some quarters (e.g., around 6.48% and 6.51%), followed by decreases. There is no clear upward or downward trend, but the fluctuations suggest variability in short-term debt obligations’ impact on the company’s financial structure.
- Other Current Liabilities
- Other current liabilities show an increasing trend, starting near 5.2% and rising to levels between 7% and 9% in the later periods. This denotes a growing component of current liabilities aside from standard payables and accrued rebates.
- Current Liabilities (Overall)
- The total current liabilities as a percentage of total liabilities and stockholders’ equity display variability yet generally increase over time, reaching above 20% in the last recorded periods. This indicates a rising short-term obligation component within the company’s capital structure.
- Long-Term Debt, Net, Excluding Current Portion
- Long-term debt ratios show moderate to significant fluctuations but generally remain the largest component of the liabilities, ranging roughly between 34% and 42%. An overall slightly upward trend is seen toward the end of the timeline, suggesting a continued reliance on long-term borrowing.
- Long-Term Income Taxes Payable
- These liabilities decline steadily over the periods, decreasing from above 9% to approximately 1.4% by the latest quarters, indicating a substantial reduction in tax-related long-term obligations relative to total liabilities and equity.
- Deferred Tax Liability
- Deferred tax liabilities appear starting from a middle timeline point and demonstrate a consistent decline, dropping from around 6.61% down to near 1.26%. This suggests decreasing deferred tax obligations, which might be due to changes in tax strategy or timing differences.
- Other Long-Term Obligations
- These show mild fluctuations without a significant trend but generally rise modestly in the later periods, remaining around 2% of total liabilities and equity, indicating a relatively stable or slightly increasing long-term liability category beyond debt and taxes.
- Long-Term Liabilities (Overall)
- Long-term liabilities as a whole indicate a peak above 57% in earlier periods, followed by a gradual decline and some stabilization around the mid-40% range later on. This reflects a reduction in reliance or restructuring of long-term obligations over time.
- Total Liabilities
- Total liabilities consistently represent a majority share of total liabilities and stockholders' equity, maintaining a range mostly between 63% and 73%. Although some variation occurs, the proportion remains relatively stable with no clear long-term increasing or decreasing trend.
- Equity Components – Common Stock and Paid-In Capital
- Common stock remains constant at zero percent of total liabilities and stockholders’ equity, indicating no changes or reclassifications in this category. Additional paid-in capital exhibits a clear increasing trend from approximately 5.54% to over 14%, signaling accumulation of capital contributions or retained earnings reinvestments.
- Accumulated Other Comprehensive Income (Loss)
- This item stays relatively low but shows mild increases in recent periods, rising from near zero to above 0.2%, which may reflect gains in equity from foreign currency translation adjustments or unrealized gains/losses on investments.
- Retained Earnings
- Retained earnings show a declining trend overall, decreasing from above 31% down to approximately 19% during the course of the timeline, with some fluctuations. This suggests reduced accumulated profits retained in the company or possible distributions/dividends impacting equity.
- Total Stockholders’ Equity
- Total equity fluctuates between a low of about 26.6% and a peak around 37%, showing some recovery after periods of decline. The recent data indicates a moderate upward correction after earlier dips, but equity remains less than 40% of total liabilities and equity, reflecting the company’s heavier reliance on liabilities.