Balance Sheet: Liabilities and Stockholders’ Equity
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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- Common-Size Income Statement
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Price to FCFE (P/FCFE)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Return on Assets (ROA) since 2005
- Current Ratio since 2005
- Analysis of Revenues
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Intel Corp., consolidated balance sheet: liabilities and stockholders’ equity
US$ in millions
Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).
The financial data reveals distinct trends in the company's liabilities and equity positions over the five-year period under review. Total liabilities have shown a consistent upward trajectory, rising from approximately $72 billion at the end of 2020 to over $91 billion by the end of 2024. This growth is largely driven by increases in both current and long-term liabilities, with current liabilities fluctuating but generally increasing from around $24.8 billion to $35.7 billion, and long-term liabilities expanding from about $47.3 billion to $55.8 billion during the same period.
Within current liabilities, accounts payable surged notably, particularly between 2021 and 2024, moving from $5.7 billion to $12.6 billion, indicating increased obligations to suppliers or vendors. Conversely, accrued compensation and benefits decreased steadily from $4.5 billion in 2021 to $3.3 billion in 2024, potentially reflecting changes in workforce costs or benefit plans. Similarly, short-term debt exhibited volatility, peaking in 2021 at $4.6 billion, declining thereafter, but showing an increase again in 2024 to $3.7 billion.
Income taxes payable displayed fluctuations, doubling from around $1.1 billion in 2021 to $2.3 billion in 2022 before decreasing and rising again in 2024 to approximately $1.8 billion, which may indicate varying tax obligations across fiscal years. Other accrued liabilities have remained sizable and showed a gradual increase from about $11.5 billion in 2021 to $14.3 billion in 2024.
Long-term debt moved upward overall, with a rise from approximately $33.5 billion in 2021 to around $46.3 billion in 2024, reflecting potentially increased financing or refinancing activities. In contrast, other long-term liabilities decreased sharply from $12 billion in 2021 to $6.6 billion in 2023, before rebounding to $9.5 billion in 2024, suggesting shifts in long-term obligations' composition or settlement.
On the equity side, common stock and capital in excess of par value demonstrated substantial growth, advancing from $25.6 billion in 2020 to $50.9 billion by 2024, which may indicate new equity issuances or valuation increases. Retained earnings showed a peak in 2022 at $70.4 billion before declining to $49 billion in 2024, signaling possible dividend payments, losses, or other comprehensive income impacts. Accumulated other comprehensive loss varied moderately, reaching its lowest (most negative) point in 2021 at -$880 million and partially recovering thereafter.
Non-controlling interests, absent in the early years, appeared from 2022 onward and grew steadily to $5.8 billion by the end of 2024, implying increased stakes held by external parties in subsidiaries or affiliates.
Total stockholders' equity grew significantly from $81 billion in 2020 to a peak of approximately $110 billion in 2023, before slightly declining to $105 billion in 2024. The overall total of liabilities and equity increased steadily, from $153 billion in 2020 to nearly $197 billion in 2024, underscoring the expanding scale of the company's balance sheet.
- Summary of Trends:
- 1. Liabilities overall increased, driven by rises in both current liabilities (notably accounts payable) and long-term debt.
- 2. Equity showed growth through increased common stock and capital alongside fluctuating retained earnings.
- 3. Non-controlling interests emerged and expanded significantly, indicating changes in ownership structure.
- 4. The balance sheet scale expanded consistently, reflecting business growth or increased financial activities.