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.
Paying user area
Try for free
Gilead Sciences Inc. pages available for free this week:
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2005
- Total Asset Turnover since 2005
- Price to Earnings (P/E) since 2005
- Price to Book Value (P/BV) since 2005
- Price to Sales (P/S) since 2005
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Gilead Sciences Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Gilead Sciences Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
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).
An examination of the balance sheet information reveals several noteworthy trends in liabilities and stockholders’ equity over the observed period. Total liabilities generally remained substantial, fluctuating between approximately $41.2 billion and $48.5 billion. Stockholders’ equity also represents a significant portion of the company’s financial structure, ranging from roughly $17.5 billion to $22.8 billion. Overall, the company maintains a considerable financial size, as indicated by total liabilities and equity consistently exceeding $62 billion.
- Current Liabilities
- Current liabilities exhibited volatility throughout the period. Initially, they increased from $9.7 billion in March 2021 to a peak of $11.6 billion in December 2021. A subsequent decrease was observed, reaching a low of $10.78 billion in June 2023, before rising again to $12.004 billion by December 2024. This suggests potential fluctuations in short-term obligations, possibly related to operational cycles or financing activities. Accounts payable and other current liabilities contributed significantly to these fluctuations.
- Long-Term Debt
- Long-term debt, excluding the current portion, demonstrated a general downward trend from $27.9 billion in the first quarter of 2021 to approximately $21.2 billion by the first quarter of 2023. However, it increased again to $24.896 billion by December 2024, before decreasing slightly to $22.129 billion by December 2025. This pattern could indicate debt repayment initiatives followed by potential re-borrowing or new debt issuance. The current portion of long-term debt also showed considerable variation, peaking in September 2022 and March 2024.
- Accrued Rebates
- Accrued rebates consistently represented a substantial portion of current liabilities, generally ranging between $3.3 billion and $4.9 billion. A clear upward trend is visible, increasing from $3.369 billion in March 2021 to $4.337 billion in September 2023, and peaking at $4.931 billion in September 2025. This suggests a growing reliance on rebate programs or changes in pricing strategies.
- Stockholders’ Equity Components
- Retained earnings constituted the largest component of stockholders’ equity, fluctuating between approximately $10.6 billion and $16.9 billion. Additional paid-in capital also contributed significantly, showing a consistent increase over the period, rising from $4.092 billion to $8.932 billion. Accumulated other comprehensive income (loss) experienced more volatility, shifting from positive to negative values during the observed timeframe. Noncontrolling interest remained relatively small and consistently negative.
- Long-Term Liabilities (Other)
- Long-term income taxes payable and deferred tax liabilities both exhibited a decreasing trend throughout the period. Long-term income taxes payable decreased from $5.022 billion to $896 billion, while deferred tax liability decreased from $4.464 billion to $402 billion. Other long-term obligations remained relatively stable, fluctuating between $962 million and $1,430 million.
In summary, the company’s financial structure is characterized by substantial liabilities and stockholders’ equity. Current liabilities demonstrate cyclical patterns, while long-term debt shows a trend of initial reduction followed by a recent increase. Accrued rebates are a consistently significant liability, exhibiting a clear upward trend. Stockholders’ equity is primarily driven by retained earnings and additional paid-in capital, with fluctuations in accumulated other comprehensive income (loss). These trends suggest a dynamic financial position requiring ongoing monitoring.