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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Walgreens Boots Alliance Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2020-05-31), 10-Q (reporting date: 2020-02-29), 10-Q (reporting date: 2019-11-30), 10-K (reporting date: 2019-08-31), 10-Q (reporting date: 2019-05-31), 10-Q (reporting date: 2019-02-28), 10-Q (reporting date: 2018-11-30), 10-K (reporting date: 2018-08-31), 10-Q (reporting date: 2018-05-31), 10-Q (reporting date: 2018-02-28), 10-Q (reporting date: 2017-11-30), 10-K (reporting date: 2017-08-31), 10-Q (reporting date: 2017-05-31), 10-Q (reporting date: 2017-02-28), 10-Q (reporting date: 2016-11-30), 10-K (reporting date: 2016-08-31), 10-Q (reporting date: 2016-05-31), 10-Q (reporting date: 2016-02-29), 10-Q (reporting date: 2015-11-30), 10-K (reporting date: 2015-08-31), 10-Q (reporting date: 2015-05-31), 10-Q (reporting date: 2015-02-28), 10-Q (reporting date: 2014-11-30), 10-K (reporting date: 2014-08-31), 10-Q (reporting date: 2014-05-31), 10-Q (reporting date: 2014-02-28), 10-Q (reporting date: 2013-11-30).
- Short-term debt
- Short-term debt shows notable fluctuation over the periods. Initially relatively stable around 570-780 million USD, it spikes dramatically in May 2017 to 4,838 million USD, then sharply declines in the subsequent quarters before rising again in late 2018 and early 2019. The recent data show a decline towards mid-2020.
- Trade accounts payable
- This liability generally trends upward from approximately 4,700 million USD in late 2013 to peaks around 15,400 million USD by early 2020, reflecting growing operational purchases or accruals. The increases are somewhat consistent with business expansion or increased supplier credit terms.
- Current operating lease obligation
- Data only available for the last three quarters, remaining stable around 2,288 million USD, indicating steady short-term lease commitments.
- Accrued expenses and other liabilities
- Accrued expenses and other liabilities increase from about 3,200 million USD in 2013 to approximately 5,800 million USD by mid-2020, showing moderate growth with some volatility, possibly reflecting changes in accrued operational costs and other obligations.
- Income taxes
- Income tax liabilities fluctuate significantly, with notable peaks such as 611 million USD in November 2018 and troughs like 23 million USD in May 2020. The pattern suggests variability in taxable income or changes in tax payment schedules.
- Current liabilities
- Current liabilities experience a substantial increase from around 8,800 million USD in 2013 to nearly 29,500 million USD in early 2020, peaking significantly between 2014 and 2017. This suggests escalating short-term financial obligations, possibly driven by trade payables and short-term debt increases, with some partial corrections after 2017.
- Long-term debt
- Long-term debt was stable around 4,500 million USD until 2014, then surged massively to almost 17,000 million USD by November 2014, remaining elevated though gradually declining to just above 12,000 million USD by early 2020. This indicates large issuances of longer-term borrowings followed by gradual repayments or refinancing.
- Non-current operating lease obligation
- Available only for the last three quarters, this liability is steady around 21,900 million USD, representing substantial long-term lease commitments.
- Deferred income taxes
- Deferred income taxes rise from around 770 million USD in 2013 to a high near 3,700 million USD by early 2015, then gradually decline to roughly 1,500 million USD by mid-2020, signaling changes in timing differences in taxable income recognition or tax structure adjustments.
- Other non-current liabilities
- Other non-current liabilities show an increasing trend from about 2,300 million USD in 2013 to above 5,700 million USD by early 2018, followed by a decline to around 2,800 million USD in early 2020, suggesting changes in miscellaneous deferred or long-term liabilities.
- Non-current liabilities
- These liabilities nearly double from approximately 7,600 million USD in 2013 to a peak of 37,000 million USD by early 2020, driven mainly by the rise in long-term debt and operating leases, indicating a significant increase in long-term obligations.
- Total liabilities
- Total liabilities escalate markedly from around 16,400 million USD in 2013 to over 66,000 million USD by early 2020, reflecting overall growth in both short and long-term financial obligations, consistent with expanded scale or capital structure changes.
- Common stock
- Common stock par value remains stable, with a notable reduction in par value from 80 million USD to 12 million USD after 2014, likely due to stock reclassification or share consolidation.
- Paid-in capital
- Paid-in capital increases sharply from roughly 1,050 million USD in 2013 to above 10,600 million USD in 2020, reflecting capital injections or equity financing activities.
- Employee stock loan receivable
- This asset decreases steadily from negative 10 million USD to zero early in the series, after which no data is provided, indicating diminishing employee loans or changes in reporting.
- Retained earnings
- Retained earnings grow consistently from about 21,900 million USD in 2013 to a peak near 36,350 million USD in early 2020, before slightly declining, reflecting accumulated profits over time despite some reductions near the end.
- Accumulated other comprehensive income (loss)
- AOCI shifts from a small positive balance in 2013 to substantial negative values peaking near -3,900 million USD by mid-2020, indicating growing unrealized losses or unfavorable adjustments in other comprehensive income components.
- Treasury stock, at cost
- Treasury stock increased significantly in absolute value (more negative) from about -3,000 million USD in 2013 to over -20,000 million USD by mid-2020, suggesting large share repurchases or adjustments in treasury holdings.
- Total shareholders’ equity
- Shareholders’ equity rises from approximately 20,000 million USD in 2013 to a maximum around 31,600 million USD in early 2017, then gradually declines to near 20,700 million USD by mid-2020, indicating equity returns offset by share repurchases and accumulated losses in other comprehensive income.
- Noncontrolling interests
- Minority interests increase steadily from 35 million USD to about 880 million USD by mid-2017, then stabilize around 600 million USD through 2020, reflecting changes in consolidated subsidiaries.
- Total equity
- Total equity follows a similar pattern to shareholders’ equity, peaking above 31,400 million USD in early 2017, followed by a decline to approximately 21,300 million USD by mid-2020.
- Total liabilities and equity
- This total mirrors corporate growth, rising from about 36,500 million USD in 2013 to a peak near 90,800 million USD in early 2020, then declining slightly to 86,400 million USD by mid-2020, reflecting overall asset growth financed by liabilities and equity.