Name: AmerisourceBergen Corp. (NYSE:ABC) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity

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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AmerisourceBergen Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019	Sep 30, 2018	Sep 30, 2017
Accounts payable	40,192,890)	38,009,954)	31,705,055)	28,385,074)	26,836,873)	25,404,042)
Accrued expenses and other	2,214,592)	2,856,405)	1,646,763)	1,057,208)	881,157)	1,402,002)
Short-term debt	1,070,473)	300,213)	501,259)	139,012)	151,657)	12,121)
Liabilities held for sale	—)	192,069)	—)	—)	—)	—)
Current liabilities	43,477,955)	41,358,641)	33,853,077)	29,581,294)	27,869,687)	26,818,165)
Long-term debt, net of current portion	4,632,360)	6,383,711)	3,618,261)	4,033,880)	4,158,532)	3,429,934)
Long-term financing obligation	—)	—)	—)	320,518)	352,296)	351,635)
Accrued income taxes	320,274)	281,070)	284,845)	284,075)	299,600)	84,257)
Deferred income taxes	1,620,413)	1,685,296)	686,485)	1,860,195)	1,829,410)	2,492,612)
Other liabilities	976,583)	1,082,723)	472,855)	98,812)	110,352)	75,406)
Accrued litigation liability	5,461,758)	5,961,953)	6,198,943)	—)	—)	—)
Noncurrent liabilities	13,011,388)	15,394,753)	11,261,389)	6,597,480)	6,750,190)	6,433,844)
Total liabilities	56,489,343)	56,753,394)	45,114,466)	36,178,774)	34,619,877)	33,252,009)
Common stock, $0.01 par value	2,927)	2,907)	2,878)	2,853)	2,836)	2,806)
Additional paid-in capital	5,658,733)	5,465,104)	5,081,776)	4,850,142)	4,715,473)	4,517,635)
Retained earnings	2,977,646)	1,670,513)	518,335)	4,235,491)	3,720,582)	2,395,218)
Accumulated other comprehensive loss	(1,830,970)	(445,442)	(108,830)	(111,965)	(79,253)	(95,850)
Treasury stock, at cost	(7,019,895)	(6,469,728)	(6,513,083)	(6,097,604)	(5,426,814)	(4,755,348)
Total AmerisourceBergen Corporation stockholders’ equity (deficit)	(211,559)	223,354)	(1,018,924)	2,878,917)	2,932,824)	2,064,461)
Noncontrolling interests	282,832)	361,057)	179,288)	114,289)	117,137)	—)
Total stockholders’ equity	71,273)	584,411)	(839,636)	2,993,206)	3,049,961)	2,064,461)
Total liabilities and stockholders’ equity	56,560,616)	57,337,805)	44,274,830)	39,171,980)	37,669,838)	35,316,470)

Based on: 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30), 10-K (reporting date: 2018-09-30), 10-K (reporting date: 2017-09-30).

Total liabilities experienced a substantial upward trajectory over the analyzed period, increasing from $33.25 billion in 2017 to $56.49 billion by 2022. This growth was primarily driven by an expansion in current liabilities, which rose from $26.82 billion to $43.48 billion over the same timeframe.

Current Liability Trends: Accounts payable represents the largest component of the liability structure, showing consistent growth from $25.40 billion in 2017 to $40.19 billion in 2022. Short-term debt remained relatively low until a notable increase in 2022, where it reached $1.07 billion.
Noncurrent Liability Shifts: A significant structural change occurred in 2020 with the introduction of an accrued litigation liability of $6.20 billion, which remained a major factor through 2022 at $5.46 billion. Long-term debt fluctuated, peaking at $6.38 billion in 2021 before decreasing to $4.63 billion in 2022.

The stockholders' equity profile demonstrates significant volatility, transitioning from a positive position to a deficit multiple times between 2017 and 2022. Total stockholders' equity dropped from $2.06 billion in 2017 to a deficit of $839.64 million in 2020, eventually ending at $71.27 million in 2022.

Equity Component Analysis: Retained earnings showed a sharp decline in 2020, falling from $4.24 billion in 2019 to $518.34 million, although they recovered to $2.98 billion by 2022. Treasury stock increased steadily from $4.76 billion in 2017 to $7.02 billion in 2022, indicating consistent share repurchases.
Comprehensive Loss and Deficits: Accumulated other comprehensive loss widened significantly in the final two years, moving from -$108.83 million in 2020 to -$1.83 billion in 2022, contributing to the erosion of the equity base.

The overall financial trend indicates a period of increasing leverage and capital instability. The combination of rising accounts payable, the emergence of large-scale litigation liabilities, and aggressive treasury stock acquisitions has resulted in a highly leveraged balance sheet with a marginal total equity position.

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