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.

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).

Liabilities Trends: The total liabilities have exhibited a consistent upward trend from 33.25 billion USD in 2017 to a peak of 56.75 billion USD in 2021, before a slight decrease to approximately 56.49 billion USD in 2022. Current liabilities followed a similar pattern, increasing steadily from 26.82 billion USD in 2017 to 43.48 billion USD in 2022. Accounts payable have grown significantly over the period, from about 25.4 billion USD to 40.2 billion USD, indicating increasing obligations to suppliers or operational scale.
Short-term and Long-term Debt: Short-term debt showed notable volatility, increasing sharply from 12.1 million USD in 2017 to over 1.07 billion USD by 2022, with a peak in 2020 followed by fluctuations. Long-term debt, net of current portion, increased from about 3.43 billion USD in 2017 to a high of approximately 6.38 billion USD in 2021, before decreasing to around 4.63 billion USD in 2022. This pattern suggests adjustments in the company's long-term financing structure.
Other Liabilities: Accrued litigation liabilities were recorded starting in 2020, reaching almost 6.2 billion USD, then declining to 5.46 billion USD by 2022. Deferred income taxes showed a general decline from 2.49 billion USD in 2017 to about 1.62 billion USD in 2022, with fluctuations in between. Other liabilities and accrued expenses displayed increases and fluctuations, reflecting changes in various obligations.
Stockholders’ Equity: Stockholders’ equity has been volatile, with a peak of around 3.04 billion USD in 2018 followed by a decline to negative equity positions in 2020 (-839 million USD) and 2022 (-212 thousand USD). The company experienced negative retained earnings in 2020, but values recovered somewhat by 2022. Treasury stock has increased in cost continuously, reaching nearly 7.02 billion USD in 2022. Accumulated other comprehensive loss worsened significantly in 2021 and 2022, indicating increasing unrealized losses or adjustments impacting equity negatively.
Total Capital Structure: The total liabilities and stockholders’ equity increased from 35.3 billion USD in 2017 to a high of approximately 57.34 billion USD in 2021, then slightly decreased to 56.56 billion USD in 2022. The growth in liabilities has outpaced equity growth, leading to reduced net equity and more leveraged capital structure over the period. Noncontrolling interests increased steadily, implying some diversification in ownership interests.
Summary: The financial data reveals that liabilities, particularly current liabilities and accounts payable, have grown substantially over the years, indicating expansion and possibly higher operational demands. Debt levels have fluctuated, with both short-term and long-term debts showing increases and subsequent adjustments. The introduction of accrued litigation liabilities in 2020 and their high values suggest significant legal or regulatory challenges. Equity components have been volatile, impacted by increased treasury stock costs and comprehensive losses, leading to periods of negative equity. Overall, the company shows signs of increased leverage and financial complexity through the examined periods.

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AmerisourceBergen Corp. (NYSE:ABC)

Balance Sheet: Liabilities and Stockholders’ Equity