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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- Common-Size Income Statement
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Capital Asset Pricing Model (CAPM)
- Return on Assets (ROA) since 2012
- Debt to Equity since 2012
- Total Asset Turnover since 2012
- Price to Book Value (P/BV) since 2012
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AbbVie Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 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
- Short-term borrowings presented substantial volatility across the periods, starting from low single digits and remaining relatively low until an abrupt and significant increase to 1,593 million USD in the last observed quarter. This suggests a sharp rise in reliance on short-term debt financing towards the end of the timeframe.
- Current portion of long-term debt and finance lease obligations
- This liability fluctuated considerably, with peaks observed in late 2020 and again in mid-2024. The values initially trended upwards until late 2021, followed by fluctuation and a notable decline in the final quarters, implying active debt restructuring or repayment efforts.
- Accounts payable and accrued liabilities
- Accounts payable and accrued liabilities steadily increased overall, rising from approximately 12.7 billion USD early on to over 31 billion USD toward the end of the examined period. This indicates growing operational obligations or expanded credit from suppliers.
- Current liabilities
- Current liabilities exhibited an upward trend, peaking near 43 billion USD in late 2024 before decreasing moderately. This mirrors the pattern seen in accounts payable and the current portion of long-term debt, reflecting increased short-term obligations over time with some recent easing.
- Long-term debt and finance lease obligations, excluding current portion
- Long-term debt levels demonstrated a gradual decline from more than 63 billion USD in early 2020 to approximately 52 billion USD by late 2023, followed by a rebound back above 64 billion USD near the end of 2024. This cycle suggests periods of debt repayment followed by renewed borrowing or refinancing activity.
- Deferred income taxes
- Deferred income tax liabilities generally decreased over time, dropping from nearly 1 billion USD to the 2.5–2.7 billion USD range with some fluctuations, indicating changes in tax obligations potentially related to adjustments in profit recognition or tax planning strategies.
- Other long-term liabilities
- Other long-term liabilities increased steadily with some fluctuation, ranging from 17.9 billion USD to over 32 billion USD before somewhat declining again towards the end. This suggests a gradual buildup of obligations such as pension liabilities, provisions, or other long-term commitments.
- Long-term liabilities (aggregate)
- Overall, long-term liabilities demonstrated a decline from a peak above 110 billion USD in mid-2020 to roughly 86 billion USD by late 2023, followed by a rise approaching 98 billion USD towards the end of the observed timeline. This pattern supports observations of fluctuating long-term debt and other liabilities.
- Total liabilities
- Total liabilities fluctuated above 120 billion USD throughout the period, peaking near 140 billion USD in mid-2024 before settling around 134 billion USD at the end. This indicates relatively stable but high overall leverage with some variability due to changes in both short- and long-term obligations.
- Common stock and treasury stock
- Common stock remained constant in value, while shares held in treasury grew in negative value significantly, from negative approximately 2,500 million USD early on to nearly negative 9,100 million USD by early 2025. This reflects ongoing share repurchase activity or treasury stock holdings increasing considerably over time, reducing equity.
- Additional paid-in capital
- This item progressively increased from about 15.4 billion USD to over 21.8 billion USD, reflecting continued capital contributions exceeding par value or other forms of equity injections.
- Retained earnings (accumulated deficit)
- Retained earnings shifted from positive early balances to escalating accumulated deficits, moving from a small positive figure at the beginning to a significant deficit nearing negative 9.5 billion USD by the latest date. This signifies ongoing net losses or significant distributions exceeding net income over the periods.
- Accumulated other comprehensive loss
- This loss fluctuated moderately, generally remaining in the negative 1.7 to negative 3.7 billion USD range, with no clear sustained directional trend, indicating variable impacts from foreign currency translation adjustments or unrealized gains/losses on securities.
- Stockholders’ equity (deficit) and total equity (deficit)
- Equity transitioned from a negative position early in 2020 to positive during mid-periods, peaking around 17 billion USD, before steadily declining back towards small positive figures and eventually close to zero by early 2025. This overall pattern suggests a dilution or erosion of equity value, primarily driven by growing deficits in retained earnings and increased treasury stock.
- Noncontrolling interest
- Noncontrolling interest increased gradually from low double digits to near 40 million USD, indicating minor changes in ownership stakes attributable to noncontrolling shareholders.
- Total liabilities and equity (deficit)
- The total financing structure remained fairly stable in aggregate terms, hovering near 135 billion USD with some fluctuations, supporting the notion of a relatively steady total capitalization level despite internal changes in liability and equity composition.