Stock Analysis on Net
Stock Analysis on Net

AbbVie Inc. (NYSE:ABBV)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

AbbVie Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Sep 30, 2025 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
Short-term borrowings 2.83 4.05 1.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.04 0.04 0.01
Current portion of long-term debt and finance lease obligations 1.48 1.43 2.77 5.03 8.76 8.87 6.85 5.34 3.75 3.84 2.08 2.98 6.51 8.32 6.94 8.52 4.47 5.33 7.53 5.62 3.16 3.55 4.12
Accounts payable and accrued liabilities 25.11 23.51 22.80 23.63 21.26 20.66 21.04 22.75 21.77 19.97 18.42 18.30 16.63 15.74 15.76 15.49 14.69 14.05 13.69 13.39 12.97 12.89 13.94
Current liabilities 29.42% 28.99% 26.73% 28.67% 30.02% 29.53% 27.89% 28.09% 25.53% 23.82% 20.51% 21.28% 23.15% 24.08% 22.71% 24.02% 19.17% 19.38% 21.23% 19.04% 16.16% 16.48% 18.06%
Long-term debt and finance lease obligations, excluding current portion 47.03 45.89 47.39 44.64 40.79 40.90 42.86 38.75 40.84 41.23 44.07 42.60 42.74 42.60 44.36 43.81 49.74 50.17 49.29 51.51 54.99 54.88 69.39
Deferred income taxes 1.85 1.86 1.90 1.91 1.92 1.92 1.83 1.45 1.50 1.57 1.57 1.58 1.40 1.57 1.98 2.05 2.42 2.47 2.50 2.42 3.00 3.20 1.05
Other long-term liabilities 23.64 23.36 22.91 22.29 23.03 22.85 22.02 24.00 23.23 23.86 23.97 22.08 21.38 21.49 19.57 19.59 19.55 19.46 17.85 18.34 15.63 15.59 19.63
Long-term liabilities 72.52% 71.11% 72.19% 68.84% 65.74% 65.66% 66.70% 64.19% 65.57% 66.66% 69.61% 66.27% 65.51% 65.67% 65.90% 65.45% 71.71% 72.10% 69.65% 72.27% 73.62% 73.67% 90.07%
Total liabilities 101.94% 100.10% 98.93% 97.51% 95.77% 95.19% 94.59% 92.28% 91.10% 90.47% 90.11% 87.55% 88.66% 89.74% 88.61% 89.47% 90.88% 91.49% 90.88% 91.30% 89.78% 90.15% 108.13%
Common stock, $0.01 par value 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02
Common stock held in treasury, at cost -6.83 -6.67 -6.71 -6.07 -5.47 -5.52 -5.26 -4.85 -4.79 -4.82 -4.85 -3.31 -3.25 -3.21 -3.20 -2.14 -2.03 -2.04 -2.00 -1.50 -1.32 -1.31 -27.53
Additional paid-in-capital 16.65 16.03 16.02 15.78 14.75 14.71 13.87 14.98 14.70 14.66 14.58 13.86 13.48 13.20 13.08 12.49 12.16 12.12 11.77 11.55 11.46 11.34 16.89
Retained earnings (accumulated deficit) -10.63 -8.39 -7.00 -5.84 -3.46 -2.65 -1.60 -0.74 0.68 1.32 1.78 3.45 3.50 2.46 3.56 2.13 1.07 0.50 1.52 0.70 2.23 2.09 6.55
Accumulated other comprehensive loss -1.18 -1.12 -1.28 -1.42 -1.63 -1.77 -1.65 -1.71 -1.73 -1.66 -1.66 -1.58 -2.44 -2.23 -2.08 -1.98 -2.12 -2.10 -2.19 -2.07 -2.18 -2.30 -4.05
Stockholders’ equity (deficit) -1.97% -0.13% 1.04% 2.46% 4.21% 4.78% 5.38% 7.69% 8.88% 9.50% 9.87% 12.43% 11.32% 10.23% 11.37% 10.52% 9.10% 8.49% 9.11% 8.68% 10.21% 9.84% -8.13%
Noncontrolling interest 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.01 0.01 0.02 0.00
Total equity (deficit) -1.94% -0.10% 1.07% 2.49% 4.23% 4.81% 5.41% 7.72% 8.90% 9.53% 9.89% 12.45% 11.34% 10.26% 11.39% 10.53% 9.12% 8.51% 9.12% 8.70% 10.22% 9.85% -8.13%
Total liabilities and equity (deficit) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2025-09-30), 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).

Short-term Borrowings
The proportion of short-term borrowings relative to total liabilities and equity remained minimal and stable near zero through most periods, with some missing and zero values in mid-2023. However, a notable increase occurred in early 2025, rising sharply to 1.17%, 4.05%, and finally 2.83% by the third quarter of 2025, indicating a recent uptick in short-term borrowing reliance.
Current Portion of Long-term Debt and Finance Lease Obligations
This category exhibited considerable volatility over the periods. Initially around 3-5%, it surged above 8% multiple times, particularly in late 2020 and mid-2022 to early 2024. After peaks in 2024 exceeding 8%, it decreased steadily to approximately 1.43%-1.48% by late 2025, suggesting a significant reduction in current maturities of long-term debt toward the end of the series.
Accounts Payable and Accrued Liabilities
A consistent upward trend is evident, increasing from roughly 14% in early 2020 and progressively rising to over 25% by the end of 2025. This steady increase implies growing short-term obligations related to operations and accruals, reflecting potentially increased operational scale or delayed payments.
Current Liabilities
Current liabilities as a percentage of total liabilities and equity experienced a general increasing trend, starting near 18% in early 2020 and reaching peaks above 30% by late 2024. Although some fluctuations occurred, the overall pattern indicates a growing share of current liabilities within total financing structure, possibly reflecting short-term financial obligations expansion.
Long-term Debt and Finance Lease Obligations (Excluding Current Portion)
This item showed a gradual decline from a high near 69% in March 2020 down to approximately 39%-47% range by late 2021 through late 2025, with some fluctuations. The notable drop from 69% to around 42-45% by late 2022 suggests active debt repayment or restructuring, while the stabilization afterward indicates a maintained level of long-term debt financing.
Deferred Income Taxes
The percentage of deferred income taxes remained relatively low and stable, generally fluctuating between 1.4% and 3.2%, with a mild decline over time. This suggests consistent and moderate deferred tax liabilities without significant volatility.
Other Long-term Liabilities
This category remained fairly stable around 19%-24%, showing a slight increase over time particularly between 2022 and 2025. The steady nature of this component indicates consistent levels of non-debt long-term liabilities in the company’s capital structure.
Long-term Liabilities (Overall)
Long-term liabilities excluding current portions displayed a decline from about 90% in early 2020 to approximately 64%-72% across subsequent years. Despite some fluctuations, the downward trend suggests a gradual reduction relative to total liabilities and equity, probably due to managed debt levels or growth of equity base.
Total Liabilities
Total liabilities as a proportion of funding sources decreased from above 108% in early 2020 to levels around 87%-102% during 2020-2023. From 2024 onward, total liabilities gently rose toward 102%, indicating a heavier reliance on liabilities relative to equity in recent periods.
Common Stock
The share attributable to common stock par value remained nearly constant at around 0.01%-0.02%, indicating a negligible change or issuance of common stock with respect to the total capital structure across all periods.
Common Stock Held in Treasury
The percentage related to treasury stock shifted from a significant negative level of about -27.5% in March 2020 to a lower negative value near -1.3% in mid-2020, then stabilized between approximately -2% and -7% up to 2025. This indicates periods of stock repurchases and varying treasury stock balances impacting equity negatively.
Additional Paid-in Capital
An upward trend is observable, increasing from roughly 11% in early 2020 to around 16.6% by late 2025. This steady growth may reflect equity financing activities, including stock issuances above par value contributing positively to shareholders’ equity.
Retained Earnings (Accumulated Deficit)
Retained earnings started moderately positive around 6.5% in early 2020 but exhibited a declining trend, turning negative by late 2023. The negative trend continued, reaching about -10.6% by late 2025, indicating accumulated losses or significant distributive activities exceeding retained earnings over time.
Accumulated Other Comprehensive Loss
This item remained negative but relatively stable, fluctuating between approximately -4% and -1% during the analyzed period. The limited changes suggest persistent, though not fluctuating greatly, comprehensive losses affecting equity.
Stockholders’ Equity (Deficit)
Equity as a percentage of total liabilities and equity showed a shift from negative 8.1% in early 2020 to positive levels around 10%-12% through 2021-2022. After this peak, equity declined steadily, falling below zero again by mid-2025, ending near -2%. This reversal points toward deteriorating equity position driven by the combined effects of accumulated losses and treasury stock impacts.
Noncontrolling Interest
Noncontrolling interest contributions remained marginal and stable around 0.01%-0.03% throughout the entire period, underscoring minimal effect on overall equity composition.
Total Equity (Deficit)
Total equity mirrored stockholders’ equity trends, shifting from negative to positive early on, peaking near 12.5%, and declining back below zero toward late 2025. This reflects the company's fluctuating equity health with recent pressures leading to an equity deficit.
Total Liabilities and Equity
Always equal to 100%, this confirms the proportional nature of all analyzed categories relative to the total capital structure at each reporting date.