Stock Analysis on Net

Vertex Pharmaceuticals Inc. (NASDAQ:VRTX)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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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Vertex Pharmaceuticals Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Accounts payable
Accrued expenses
Other current liabilities
Current liabilities
Long-term operating lease liabilities
Other long-term liabilities
Long-term liabilities
Total liabilities
Preferred stock, $0.01 par value; none issued
Common stock, $0.01 par value
Additional paid-in capital
Accumulated other comprehensive income (loss)
Retained earnings (accumulated deficit)
Shareholders’ equity
Total liabilities and shareholders’ equity

Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


The quarterly financial data exhibits notable variations and trends in liabilities and shareholders’ equity over the observed periods.

Current Liabilities

Accounts payable shows fluctuations, with a marked increase around the end of 2021 and continuing elevated levels through 2025, indicating rising obligations to suppliers.

Accrued expenses generally trend upward with significant rises in mid-2022 and subsequent quarters, suggesting increasing expenses incurred but not yet paid.

Other current liabilities exhibit volatility, peaking significantly in late 2023 before declining and then rising again in 2025, reflecting inconsistency in short-term obligations.

Overall, current liabilities increased steadily from approximately 1.54 billion US$ in early 2020 to over 4.1 billion US$ by mid-2025, reflecting growth in short-term financial obligations.

Long-Term Liabilities

Long-term operating lease liabilities are missing in early 2020 but then appear and show moderate fluctuations around 350 million US$ to 380 million US$. Toward 2024 and beyond, these liabilities increase sharply above 1.5 billion US$, indicating heightened long-term lease commitments.

Other long-term liabilities display a slight downward trend from early 2020 through late 2022, followed by a recovery and increase by mid-2025, suggesting variable long-term debt or obligations.

Total long-term liabilities increase from 0.89 billion US$ in early 2020 to nearly 2.7 billion US$ by mid-2025, with pronounced growth in the later periods primarily driven by lease liabilities.

Total Liabilities

Total liabilities steadily increase from approximately 2.4 billion US$ in March 2020 to nearly 6.9 billion US$ by the end of 2024. Despite some fluctuations, the overall trend indicates expanding financial obligations, both current and long-term.

Shareholders’ Equity

Common stock remains relatively stable at around 2.6 million US$, reflecting little change in share capital.

Additional paid-in capital shows an irregular trend, rising and falling over the years, with a peak around 7.4 billion US$ in late 2023 followed by a decline toward mid-2025, indicating variable equity financing activities or adjustments.

Accumulated other comprehensive income (loss) demonstrates significant volatility, fluctuating between positive and negative values, including large negative swings in early 2021 and early 2025, which may reflect changes in foreign currency translation or other comprehensive income items.

Retained earnings show strong growth, increasing from a deficit of approximately -1.25 billion US$ in early 2020 to a positive 11.3 billion US$ by mid-2025, highlighting consistent profitability or accumulated earnings over the period.

Overall shareholders’ equity rises from roughly 6.5 billion US$ in early 2020 to over 17 billion US$ by mid-2025, driven mainly by increasing retained earnings and, to a lesser extent, paid-in capital.

Total Liabilities and Shareholders’ Equity

The sum of liabilities and shareholders’ equity grows from about 8.9 billion US$ in early 2020 to approximately 24 billion US$ by mid-2025, indicating substantial growth in the company's financial size and resources over the period.

In summary, the data reveals significant expansion in both liabilities and equity, with current liabilities and retained earnings showing strong upward trends. Long-term lease obligations have surged markedly in recent periods, potentially reflecting changes in lease accounting or new commitments. The volatility in comprehensive income items and paid-in capital suggests episodic events affecting equity components. Overall, the financial position reflects growth and increasing complexity in the company's obligations and equity structure.