Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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- Statement of Comprehensive Income
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Common Stock Valuation Ratios
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Dividend Discount Model (DDM)
- Aggregate Accruals
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Allergan Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-K (reporting date: 2014-12-31), 10-Q (reporting date: 2014-09-30), 10-Q (reporting date: 2014-06-30), 10-Q (reporting date: 2014-03-31), 10-K (reporting date: 2013-12-31), 10-Q (reporting date: 2013-09-30), 10-Q (reporting date: 2013-06-30), 10-Q (reporting date: 2013-03-31), 10-K (reporting date: 2012-12-31), 10-Q (reporting date: 2012-09-30), 10-Q (reporting date: 2012-06-30), 10-Q (reporting date: 2012-03-31), 10-K (reporting date: 2011-12-31), 10-Q (reporting date: 2011-09-30), 10-Q (reporting date: 2011-06-30), 10-Q (reporting date: 2011-03-31), 10-K (reporting date: 2010-12-31), 10-Q (reporting date: 2010-09-30), 10-Q (reporting date: 2010-06-30), 10-Q (reporting date: 2010-03-31).
- Liabilities Overview
- The total liabilities as a percentage of total liabilities and equity fluctuate between approximately 34% and 47%, indicating some volatility over the observed periods. Notably, there is a peak in liabilities in late 2010 and early 2013, followed by a moderate decline towards late 2014.
- Current Liabilities
- Current liabilities show irregular movements, with a significant peak at 24.51% in September 2010 and lower levels around 11-13% in the subsequent years. The data implies episodes of increased short-term obligations in early periods, with relatively stabilized but slightly increasing levels near the end of the timeline.
- Long-Term Debt
- Long-term debt, excluding current maturities, remains a substantial component, ranging roughly from 11.4% in early 2010 to a high of nearly 23% around the first quarter of 2013, then trending downward to approximately 16.8% by the end of 2014. This indicates debt restructuring or repayments during later periods.
- Convertible Notes
- Convertible notes are recorded primarily in mid to late 2010 and early 2011, comprising around 7-8% of total liabilities and equity, after which their presence declines to zero, suggesting the conversion or retirement of these instruments.
- Accrued and Other Liabilities
- Other accrued expenses exhibit a gradual increase from just above 5% to a peak exceeding 8% by late 2014, implying rising short-term obligations or accruals. Accrued compensation fluctuates between 1.3% and 2.6%, showing moderate variation likely linked to payroll and employee-related liabilities. 'Other liabilities' grow from around 5% to above 8% near the end of the period, indicating an increasing share of miscellaneous obligations.
- Equity Composition
- Total equity consistently accounts for about 57% to 65% of total liabilities and equity, with a dip in 2010-2011 and a gradual recovery from 2012 onwards. Additional paid-in capital declines steadily from nearly 36% in early 2010 to about 27% by the end of 2014, suggestive of reduced capital contributions or accounting adjustments.
- Retained Earnings and Treasury Stock
- Retained earnings display an overall upward trend, increasing steadily from approximately 33% to close to 47%, indicating accumulated profits over time. Conversely, treasury stock at cost shows a sizeable increase in negative value, particularly from 2012 onward, reaching as low as -12% near 2013 and around -8.8% in late 2014. This suggests substantial stock repurchases or retirements.
- Comprehensive Loss and Other Equity Items
- Accumulated other comprehensive loss remains negative throughout the periods, with increasing magnitude toward the end, reaching about -3.3%. This points to unfavorable adjustments in items such as foreign currency translation or pension liabilities. Common stock remains negligible and stable, while noncontrolling interest maintains a minimal portion around 0.07% to 0.31%.
- Summary of Trends
- The company’s financial structure reveals a shift from higher reliance on current liabilities and convertible notes in 2010-2011 towards a somewhat greater emphasis on long-term debt in subsequent years, albeit with gradual deleveraging from 2013 to 2014. Stockholders’ equity strengthens over time, supported primarily by rising retained earnings, despite decreasing additional paid-in capital and increasing treasury stock activity. The upward trajectory in accrued and other liabilities highlights a growing portion of operational or contingent obligations. Overall, the balance between liabilities and equity appears relatively stable with moderate fluctuations in specific categories reflecting changing financing and operational dynamics.