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.

O’Reilly Automotive Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Accounts payable	4,695,312)	4,184,662)	3,604,722)	3,376,403)	3,190,029)
Self-insurance reserves	128,794)	109,199)	79,079)	77,012)	71,695)
Accrued payroll	107,588)	88,875)	100,816)	86,520)	77,147)
Accrued benefits and withholdings	234,872)	242,724)	98,539)	89,082)	69,308)
Income taxes payable	—)	16,786)	—)	11,013)	—)
Current portion of operating lease liabilities	337,832)	322,778)	316,061)	—)	—)
Other current liabilities	370,217)	297,393)	270,210)	253,990)	239,187)
Current liabilities	5,874,615)	5,262,417)	4,469,427)	3,894,020)	3,647,366)
Long-term debt	3,826,978)	4,123,217)	3,890,527)	3,417,122)	2,978,390)
Operating lease liabilities, less current portion	1,701,757)	1,718,691)	1,655,297)	—)	—)
Deferred income taxes	175,212)	155,899)	133,280)	105,566)	85,406)
Other liabilities	206,568)	196,160)	171,289)	210,414)	207,677)
Noncurrent liabilities	5,910,515)	6,193,967)	5,850,393)	3,733,102)	3,271,473)
Total liabilities	11,785,130)	11,456,384)	10,319,820)	7,627,122)	6,918,839)
Preferred stock, $0.01 par value; none issued and outstanding shares	—)	—)	—)	—)	—)
Common stock, $0.01 par value	670)	711)	756)	790)	843)
Additional paid-in capital	1,305,508)	1,280,841)	1,280,760)	1,262,063)	1,265,043)
Retained deficit	(1,365,802)	(1,139,139)	(889,066)	(909,186)	(612,840)
Accumulated other comprehensive income (loss)	(6,799)	(2,155)	4,890)	—)	—)
Shareholders’ equity (deficit)	(66,423)	140,258)	397,340)	353,667)	653,046)
Total liabilities and shareholders’ equity (deficit)	11,718,707)	11,596,642)	10,717,160)	7,980,789)	7,571,885)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	O’Reilly Automotive Inc. current liabilities increased from 2019 to 2020 and from 2020 to 2021.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	O’Reilly Automotive Inc. noncurrent liabilities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021 not reaching 2019 level.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	O’Reilly Automotive Inc. total liabilities increased from 2019 to 2020 and from 2020 to 2021.
Shareholders’ equity (deficit)	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	O’Reilly Automotive Inc. shareholders’ equity (deficit) decreased from 2019 to 2020 and from 2020 to 2021.

O’Reilly Automotive Inc. (NASDAQ:ORLY)

Balance Sheet: Liabilities and Stockholders’ Equity