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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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Jun 30, 2026 Mar 31, 2026 Dec 31, 2025 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
Short-term borrowings 0.00 0.00 1.87 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
Current portion of long-term debt 6.17 6.10 4.52 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
Accounts payable and accrued liabilities 24.65 24.75 25.93 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
Current liabilities 30.82% 30.85% 32.31% 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%
Long-term debt, excluding current portion 46.24 47.29 44.00 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
Deferred income taxes 1.69 1.71 1.78 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
Other long-term liabilities 25.61 25.00 24.31 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
Long-term liabilities 73.54% 73.99% 70.09% 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%
Total liabilities 104.36% 104.85% 102.41% 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%
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
Common stock held in treasury, at cost -7.86 -7.78 -6.83 -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
Additional paid-in-capital 17.14 16.83 16.79 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
Retained earnings (accumulated deficit) -12.83 -13.10 -11.57 -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
Accumulated other comprehensive loss -0.86 -0.84 -0.85 -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
Stockholders’ equity (deficit) -4.39% -4.88% -2.44% -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%
Noncontrolling interest 0.03 0.03 0.03 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
Total equity (deficit) -4.36% -4.85% -2.41% -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%
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%

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 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).

The financial structure of the organization exhibits a progressive shift toward high leverage, culminating in a transition from positive stockholders' equity to a deficit position. Total liabilities have expanded consistently from 90.88% of total liabilities and equity in March 2021 to 104.36% by June 2026, indicating that liabilities now exceed total assets.

Liability Trends and Composition
Current liabilities have demonstrated a steady upward trajectory, rising from 21.23% in March 2021 to 30.82% in June 2026. This growth is primarily driven by accounts payable and accrued liabilities, which nearly doubled from 13.69% to 24.65% over the observed period. Long-term debt, excluding the current portion, remains the largest single component of the balance sheet, fluctuating between approximately 38% and 49%, reflecting a persistent reliance on long-term borrowing to fund operations and capital requirements.
Equity Erosion and Deficit Transition
A critical decline in total equity is observed, moving from 9.12% in March 2021 to a deficit of -4.36% by June 2026. The company officially entered a negative equity position in mid-2025. This erosion is most pronounced in retained earnings, which shifted from a positive 1.52% in March 2021 to a significant accumulated deficit of -12.83% by June 2026.
Shareholder Capital and Treasury Activity
The impact of treasury stock has intensified, moving from -2.00% in March 2021 to -7.86% in June 2026, suggesting aggressive share repurchase activity that has further reduced the equity base. While additional paid-in capital increased from 11.77% to 17.14%, this growth was insufficient to offset the combined impact of the retained earnings deficit and the increase in treasury stock costs.
Short-Term Obligations and Liquidity Pressure
The current portion of long-term debt has shown significant volatility, peaking at 8.87% in June 2024 before declining and then rising again to 6.17% by June 2026. Short-term borrowings remained negligible for most of the period but saw a brief spike between March and September 2025, reaching a peak of 4.05% before receding.

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