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.

Roper Technologies Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Accounts payable	122,600)	150,800)	177,800)	162,000)	165,300)
Accrued compensation	228,800)	309,800)	286,100)	240,100)	248,300)
Deferred revenue	1,370,700)	1,130,200)	994,600)	831,800)	677,900)
Interest	40,200)	42,600)	44,300)	34,400)	26,900)
Customer deposits	48,900)	56,900)	50,100)	22,400)	22,300)
Accrued dividend	74,000)	66,800)	60,000)	54,300)	48,500)
Rebates	51,500)	63,000)	51,800)	47,100)	29,100)
Current operating lease liabilities	46,400)	51,400)	65,100)	56,800)	—)
Sales and other taxes payable	22,900)	25,400)	—)	—)	—)
Patent litigation accrual	45,000)	—)	—)	—)	—)
Other	125,700)	134,600)	185,700)	131,200)	131,200)
Other accrued liabilities	454,600)	440,700)	457,000)	346,200)	258,000)
Income taxes payable	16,600)	132,000)	26,900)	215,100)	58,300)
Current portion of long-term debt, net	699,200)	799,200)	502,000)	602,200)	1,500)
Current liabilities held for sale	—)	159,100)	—)	—)	38,900)
Current liabilities	2,892,500)	3,121,800)	2,444,400)	2,397,400)	1,448,200)
Long-term debt, net of current portion	5,962,500)	7,122,600)	9,064,500)	4,673,100)	4,940,200)
Deferred taxes	1,676,800)	1,479,500)	1,562,500)	1,108,100)	931,100)
Other liabilities	411,200)	426,200)	473,600)	438,400)	191,500)
Noncurrent liabilities	8,050,500)	9,028,300)	11,100,600)	6,219,600)	6,062,800)
Total liabilities	10,943,000)	12,150,100)	13,545,000)	8,617,000)	7,511,000)
Preferred stock, $0.01 par value per share; none outstanding	—)	—)	—)	—)	—)
Common stock, $0.01 par value per share	1,100)	1,100)	1,100)	1,100)	1,100)
Additional paid-in capital	2,510,200)	2,307,800)	2,097,500)	1,903,900)	1,751,500)
Retained earnings	13,730,700)	9,455,600)	8,546,200)	7,818,000)	6,247,700)
Accumulated other comprehensive loss	(187,000)	(183,100)	(147,000)	(212,800)	(243,300)
Treasury stock	(17,200)	(17,600)	(18,000)	(18,300)	(18,500)
Stockholders’ equity	16,037,800)	11,563,800)	10,479,800)	9,491,900)	7,738,500)
Total liabilities and stockholders’ equity	26,980,800)	23,713,900)	24,024,800)	18,108,900)	15,249,500)

Based on: 10-K (reporting date: 2022-12-31), 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).

Liabilities: Current liabilities experienced a significant increase from 1,448,200 thousand USD in 2018 to a peak of 3,121,800 thousand USD in 2021, followed by a slight decrease to 2,892,500 thousand USD in 2022. This upward trend is largely influenced by the sharp rise and fluctuation in the current portion of long-term debt, which surged from 1,500 thousand USD in 2018 to 799,200 thousand USD in 2021, then decreased to 699,200 thousand USD in 2022.; Accounts payable steadily decreased from 165,300 thousand USD in 2018 to 122,600 thousand USD in 2022, indicating possibly improved payment management or changes in supplier credit terms.; Accrued compensation rose initially from 248,300 thousand USD in 2018 to 309,800 thousand USD in 2021 but then reversed to 228,800 thousand USD in 2022, showing volatility in employee-related liabilities.
Deferred revenue and other liabilities: Deferred revenue displayed a consistent upward trend, rising from 677,900 thousand USD in 2018 to 1,370,700 thousand USD in 2022, suggesting increased prepayments or advances from customers.; Other accrued liabilities also increased significantly from 258,000 thousand USD in 2018 to 454,600 thousand USD in 2022, reflecting rising obligations possibly related to operating expenses or contingencies.; Deferred taxes showed growth from 931,100 thousand USD in 2018 to 1,676,800 thousand USD in 2022, with a peak at 1,562,500 thousand USD in 2020 and a slight dip in 2021, indicating fluctuating taxable temporary differences.
Long-term debt and total liabilities: Long-term debt, net of current portion, rose substantially from 4,940,200 thousand USD in 2018 to a peak of 9,064,500 thousand USD in 2020, before decreasing to 5,962,500 thousand USD in 2022. This suggests significant financing activities with subsequent repayment or restructuring.; Total liabilities increased from 7,511,000 thousand USD in 2018, peaking at 13,545,000 thousand USD in 2020, then declining to 10,943,000 thousand USD in 2022, indicating a deleveraging phase after substantial borrowing.
Equity components: Stockholders’ equity grew steadily from 7,738,500 thousand USD in 2018 to 16,037,800 thousand USD in 2022, reflecting retained earnings accumulation and increased paid-in capital.; Retained earnings showed robust growth, nearly doubling from 6,247,700 thousand USD in 2018 to 13,730,700 thousand USD in 2022, indicating sustained profitability and reinvestment of earnings.; Additional paid-in capital increased gradually from 1,751,500 thousand USD in 2018 to 2,510,200 thousand USD in 2022, suggesting equity financing or stock-based compensation plans.; Accumulated other comprehensive loss decreased from -243,300 thousand USD in 2018 to -187,000 thousand USD in 2022, with fluctuations in between, pointing to changes in unrealized gains or losses, possibly from foreign currency or pension adjustments.; Treasury stock represented a small and slightly decreasing negative amount, from -18,500 thousand USD in 2018 to -17,200 thousand USD in 2022, indicating minor repurchases or retirements.
Other observations: Interest expense increased from 26,900 thousand USD in 2018 to a peak of 44,300 thousand USD in 2020, then declined to 40,200 thousand USD in 2022, consistent with changes in debt levels.; Income taxes payable showed volatility, with a notable spike in 2019 at 215,100 thousand USD and lower amounts in subsequent years, hinting at timing differences in tax payments or assessments.; New line items such as patent litigation accrual appeared in 2022 at 45,000 thousand USD, suggesting new contingencies or legal provisions.; Some items, including current operating lease liabilities, first appeared in 2019 and have declined since 2020, potentially reflecting changes in lease accounting standards or lease settlements.

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Roper Technologies Inc. (NASDAQ:ROP)

Balance Sheet: Liabilities and Stockholders’ Equity