Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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- Balance Sheet: Assets
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value (EV)
- Present Value of Free Cash Flow to Equity (FCFE)
- Operating Profit Margin since 2005
- Debt to Equity since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Analysis of Revenues
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Gilead Sciences Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 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).
The composition of liabilities and stockholders’ equity exhibited several notable trends over the observed period from March 2021 to December 2025. Overall, total liabilities generally remained relatively stable, fluctuating between approximately 66% and 72% of the total, while stockholders’ equity accounted for the remaining portion. Within these broad categories, specific line items demonstrated more pronounced shifts.
- Current Liabilities
- Current liabilities as a percentage of the total experienced an increase from 14.38% in March 2021 to a peak of 23.12% in March 2023, before decreasing to 20.01% by December 2025. This increase was largely driven by fluctuations in ‘Other current liabilities’ and ‘Current portion of long-term debt, net’. ‘Other current liabilities’ increased significantly, peaking at 9.38% in June 2023, and then declining. ‘Current portion of long-term debt, net’ showed considerable volatility, rising from 3.35% to 6.48% between March 2021 and June 2022, then decreasing before increasing again to 4.97% in March 2025.
- Long-Term Liabilities
- Long-term liabilities demonstrated a decreasing trend from 57.52% in March 2021 to a low of 48.64% in December 2022, before increasing to 41.67% by December 2025. This movement was primarily influenced by ‘Long-term debt, net, excluding current portion’, which decreased from 41.35% to 34.02% over the same period. ‘Long-term income taxes payable’ and ‘Deferred tax liability’ both exhibited consistent declines throughout the period, contributing to the overall reduction in long-term liabilities.
- Stockholders’ Equity Components
- Within stockholders’ equity, ‘Retained earnings’ consistently represented a significant portion, fluctuating between approximately 21.96% and 26.24%. ‘Additional paid-in capital’ showed a steady increase from 6.06% in March 2021 to 15.13% in September 2025. ‘Accumulated other comprehensive income (loss)’ remained relatively small, with minor fluctuations, and became negative in later periods. The ‘Common stock’ and ‘Preferred stock’ components remained consistently at zero throughout the observed timeframe.
- Accounts Payable and Accrued Rebates
- ‘Accounts payable’ showed a general increasing trend, rising from 0.84% to 1.21% between March 2021 and September 2025, before decreasing to 1.04% by December 2025. ‘Accrued rebates’ remained a substantial component of current liabilities, fluctuating between approximately 4.77% and 8.42%, with a peak in September 2025. This suggests a potential correlation with revenue recognition policies or sales patterns.
In summary, the liability structure shifted towards a greater proportion of current liabilities, particularly driven by ‘Other current liabilities’ and ‘Current portion of long-term debt, net’, while long-term debt decreased. Stockholders’ equity experienced growth in ‘Additional paid-in capital’ and ‘Retained earnings’, contributing to a relatively stable overall equity position. These changes suggest a dynamic financial landscape requiring continued monitoring.