Stock Analysis on Net

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

Gilead Sciences Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 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
Accounts payable 1.31 1.41 1.66 1.00 1.10 0.89 0.94 1.00 1.01 1.43 0.98 0.90 0.92 1.04 0.87 0.89 0.84 1.23 0.87 0.95 0.99
Accrued rebates 7.42 6.60 7.54 7.32 7.57 6.12 5.95 5.61 5.62 5.51 5.87 5.60 5.47 4.77 5.02 4.84 4.99 5.06 5.49 5.97 5.79
Current portion of long-term debt, net 4.97 3.08 3.32 3.38 6.51 2.89 2.87 6.48 3.69 3.60 3.63 1.62 1.62 2.23 3.74 3.33 3.35 4.03 2.46 5.36 3.35
Other current liabilities 8.18 9.26 8.98 8.42 7.93 8.26 9.38 9.32 6.69 7.25 6.18 6.55 5.55 9.04 5.64 5.96 5.20 6.34 6.80 6.61 4.74
Current liabilities 21.87% 20.35% 21.50% 20.12% 23.12% 18.16% 19.15% 22.40% 17.01% 17.79% 16.66% 14.67% 13.57% 17.09% 15.27% 15.02% 14.38% 16.66% 15.62% 18.89% 14.86%
Long-term debt, net, excluding current portion 39.24 42.20 39.32 40.20 38.24 37.33 37.18 34.02 37.10 36.34 36.69 40.07 39.92 37.05 37.52 41.06 41.35 41.87 45.65 37.73 36.99
Long-term income taxes payable 1.45 1.41 1.43 1.38 3.49 3.28 3.35 4.19 6.10 6.20 6.37 6.18 7.60 7.02 6.92 6.76 7.44 7.33 8.25 9.13 9.37
Deferred tax liability 1.26 1.23 1.46 1.69 1.66 2.56 3.18 3.38 3.88 4.23 4.85 5.35 5.84 6.41 6.86 6.43 6.61 5.72 0.00 0.00 0.00
Other long-term obligations 2.37 2.20 2.56 2.64 2.48 2.06 1.48 2.17 2.06 1.87 1.77 1.57 1.50 1.44 1.43 1.73 2.12 1.77 1.78 1.82 1.66
Long-term liabilities 44.32% 47.03% 44.77% 45.92% 45.87% 45.22% 45.19% 43.76% 49.15% 48.64% 49.68% 53.18% 54.86% 51.92% 52.73% 55.98% 57.52% 56.70% 55.68% 48.68% 48.01%
Total liabilities 66.19% 67.38% 66.27% 66.04% 68.99% 63.38% 64.34% 66.16% 66.16% 66.43% 66.34% 67.85% 68.43% 69.00% 68.00% 71.01% 71.90% 73.36% 71.30% 67.57% 62.87%
Preferred stock, par value $0.001 per share; none outstanding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, par value $0.001 per share 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 14.42 13.05 13.44 13.11 12.10 10.46 10.07 9.64 9.36 8.79 8.35 8.00 7.72 6.86 6.69 6.28 6.06 5.67 6.10 6.28 5.54
Accumulated other comprehensive income (loss) 0.16 0.22 0.13 0.17 0.12 0.05 0.05 0.02 -0.03 0.00 0.16 0.14 0.12 0.12 0.11 0.06 0.06 -0.09 0.04 0.13 0.08
Retained earnings 19.37 19.49 20.31 20.84 18.93 26.24 25.66 24.29 24.60 24.83 25.19 24.04 23.76 24.02 25.19 22.64 21.96 21.02 22.52 25.83 31.32
Total Gilead stockholders’ equity 33.95% 32.77% 33.88% 34.12% 31.16% 36.75% 35.78% 33.94% 33.93% 33.62% 33.70% 32.19% 31.59% 31.01% 32.00% 28.98% 28.08% 26.61% 28.66% 32.23% 36.94%
Noncontrolling interest -0.15 -0.14 -0.16 -0.16 -0.15 -0.14 -0.12 -0.10 -0.09 -0.05 -0.04 -0.03 -0.02 -0.01 0.00 0.01 0.02 0.03 0.04 0.21 0.19
Total stockholders’ equity 33.81% 32.62% 33.73% 33.96% 31.01% 36.62% 35.66% 33.84% 33.84% 33.57% 33.66% 32.15% 31.57% 31.00% 32.00% 28.99% 28.10% 26.64% 28.70% 32.43% 37.13%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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.