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.

Ross Stores Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Jan 29, 2022	Jan 30, 2021	Feb 1, 2020	Feb 2, 2019	Feb 3, 2018	Jan 28, 2017
Accounts payable	2,372,302)	2,256,928)	1,296,482)	1,177,104)	1,059,844)	1,021,735)
Accrued expenses and other	613,089)	592,122)	462,111)	431,596)	431,706)	398,126)
Current operating lease liabilities	630,517)	598,120)	564,481)	—)	—)	—)
Accrued payroll and benefits	588,772)	400,273)	364,435)	363,035)	349,879)	316,492)
Income taxes payable	10,249)	54,680)	14,425)	37,749)	—)	16,153)
Current portion of long-term debt	—)	64,910)	—)	—)	84,973)	—)
Current liabilities	4,214,929)	3,967,033)	2,701,934)	2,009,484)	1,926,402)	1,752,506)
Long-term debt, excluding current portion	2,452,325)	2,448,175)	312,891)	312,440)	311,994)	396,493)
Non-current operating lease liabilities	2,539,297)	2,621,594)	2,610,528)	—)	—)	—)
Income taxes	65,359)	65,507)	65,956)	77,872)	120,660)	97,502)
Deferred compensation	163,891)	159,116)	141,443)	124,558)	120,613)	100,423)
Deferred social security taxes	—)	36,701)	—)	—)	—)	—)
Deferred rent	—)	—)	—)	81,442)	73,059)	67,941)
Tenant improvement allowances	—)	—)	—)	25,418)	21,668)	20,554)
Other	6,763)	7,234)	6,687)	12,423)	12,541)	4,530)
Other long-term liabilities	236,013)	268,558)	214,086)	321,713)	348,541)	290,950)
Deferred income taxes	137,642)	121,867)	149,679)	124,308)	85,806)	121,385)
Long-term liabilities	5,365,277)	5,460,194)	3,287,184)	758,461)	746,341)	808,828)
Total liabilities	9,580,206)	9,427,227)	5,989,118)	2,767,945)	2,672,743)	2,561,334)
Common stock, par value $0.01 per share	3,517)	3,565)	3,568)	3,682)	3,796)	3,919)
Additional paid-in capital	1,717,530)	1,579,824)	1,458,307)	1,375,965)	1,292,364)	1,215,715)
Treasury stock	(535,895)	(478,550)	(433,328)	(372,663)	(318,279)	(272,846)
Accumulated other comprehensive income	—)	—)	—)	—)	27)	91)
Retained earnings	2,874,898)	2,185,801)	2,330,702)	2,298,762)	2,071,400)	1,801,138)
Stockholders’ equity	4,060,050)	3,290,640)	3,359,249)	3,305,746)	3,049,308)	2,748,017)
Total liabilities and stockholders’ equity	13,640,256)	12,717,867)	9,348,367)	6,073,691)	5,722,051)	5,309,351)

Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28).

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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.	Ross Stores Inc. current liabilities increased from 2020 to 2021 and from 2021 to 2022.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Ross Stores Inc. long-term liabilities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
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.	Ross Stores Inc. total liabilities increased from 2020 to 2021 and from 2021 to 2022.
Stockholders’ equity	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.	Ross Stores Inc. stockholders’ equity decreased from 2020 to 2021 but then increased from 2021 to 2022 exceeding 2020 level.

Ross Stores Inc. (NASDAQ:ROST)

Balance Sheet: Liabilities and Stockholders’ Equity