Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Paying user area
Try for free
Take-Two Interactive Software Inc. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Enterprise Value (EV)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Price to Earnings (P/E) since 2005
- Analysis of Revenues
- Aggregate Accruals
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Take-Two Interactive Software Inc. for $22.49.
This is a one-time payment. There is no automatic renewal.
We accept:
Take-Two Interactive Software Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 10-K (reporting date: 2025-03-31), 10-K (reporting date: 2024-03-31), 10-K (reporting date: 2023-03-31), 10-K (reporting date: 2022-03-31), 10-K (reporting date: 2021-03-31), 10-K (reporting date: 2020-03-31).
- Liabilities Trends
- The total liabilities as a percentage of total liabilities and stockholders' equity initially declined from 48.69% in 2020 to 41.8% in 2022 but subsequently increased sharply to 76.72% by 2025, indicating a notable rise in the company's financial obligations over the latter years.
- Current liabilities showed a consistent decrease from 41.19% in 2020 to 19.7% in 2024, before surging back to 39.38% in 2025. In contrast, non-current liabilities rose markedly over the period, from 7.5% in 2020 to 37.33% in 2025, reflecting a structural shift toward long-term obligations.
- Specifically, long-term debt appeared only starting in 2023 and grew substantially to 27.37% by 2025, indicating new borrowing or debt restructuring activities emphasizing long-term financing.
- Among current liabilities, accrued expenses and other current liabilities decreased significantly from 23.64% in 2020 to 7.73% in 2023, then increased to 12.28% by 2025. Current deferred revenue mirrored this trend, declining initially and then rising again, signaling fluctuations in revenue recognition timing and operational cash flow management.
- Short-term debt showed a jump to 8.49% in 2023, briefly declining in 2024, followed by another increase to 12.51% in 2025, suggesting tactical use of short-term financing.
- Specific Liability Components
- Software development royalties, both current and non-current, decreased significantly from 16.62% and 2.11% in 2020 to lows around 3.22% and 0.69% respectively in 2023, with a slight increase thereafter, possibly indicating shifts in capitalized development or royalty obligations.
- Accounts payable fluctuated, dropping initially from 1.33% in 2020 to 0.88% in 2023, then rising to 2.12% by 2025, demonstrating volatility in supplier financing or payment terms.
- Deferred tax liabilities, net, increased notably from minimal levels (0.1% in 2020) to 3.37% in 2023, before mildly declining, highlighting evolving tax deferral strategies or timing differences in tax accounting.
- Refund liability and sales tax liability both decreased as a percentage over time but remained relatively small portions, indicating decreased contingencies or sales tax obligations relative to the entity's size.
- New liabilities such as interest payable, tax payable, and professional fees appeared starting around 2022-2023 and showed gradual increases, suggesting growing finance costs and accrued expenses in this period.
- Stockholders' Equity Analysis
- Stockholders' equity declined notably from 51.31% in 2020 to 23.28% in 2025, reflecting increasing leverage and/or operating losses affecting retained earnings.
- Retained earnings shifted from a positive 25.91% in 2020 to a significant deficit of -76.89% by 2025, marking a sustained period of accumulated losses or substantial distributions exceeding earnings during this period.
- Additional paid-in capital increased substantially from 43.14% to 112.32%, which may indicate new equity issuances or capital contributions used to support operations or debt repayment.
- Treasury stock decreased in magnitude from -16.58% in 2020 to -11.12% in 2025, showing active share repurchase or issuance activity, with a partial restoration over time.
- Common stock remained stable at a minimal proportion of total equity, implying no significant changes in par value or authorized shares.
- Other Observations
- Marketing and promotions remained relatively stable, hovering around 0.5% to 0.8%, suggesting consistent spending relative to total capitalization.
- Compensation and benefits fluctuated but trended upwards towards 2025, reflecting either increased workforce costs or changes in accounting allocations within liabilities.
- Accumulated other comprehensive loss remained a small negative component throughout, with minor fluctuations.
- Summary Insights
- The data reveal a transition towards higher leverage with increasing long-term debt and overall liabilities swelling as a share of capital structure. This is coupled with declining equity from retained earnings losses despite significant capital inflows as paid-in capital.
- The shifts in liabilities composition suggest strategic financing changes, possibly including debt issuance and capital raises to offset operating deficits.
- Operating liabilities showed volatility, particularly deferred revenue and accrued expenses, which could reflect shifts in business cycles, revenue recognition policies, or cash management policies over the years analyzed.