Stock Analysis on Net
Stock Analysis on Net

Amphenol Corp. (NYSE:APH)

This company has been moved to the archive! The financial data has not been updated since April 26, 2024.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

Amphenol Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable 8.17 8.54 8.94 9.09 8.01
Accrued salaries, wages and employee benefits 2.50 2.72 2.49 1.59 1.59
Accrued income taxes 1.00 1.11 0.60 0.91 1.18
Accrued dividends 0.80 0.81 0.82 0.70 0.69
Other accrued expenses 4.46 4.26 3.79 4.53 4.52
Current portion of long-term debt 2.14 0.02 0.03 1.87 3.73
Current liabilities 19.08% 17.46% 16.67% 18.69% 19.72%
Long-term debt, less current portion 24.10 29.85 32.67 29.50 29.62
Accrued pension and postretirement benefit obligations 0.87 0.83 1.32 1.85 1.84
Deferred income taxes 2.22 2.67 2.89 2.43 2.41
Other long-term liabilities 2.75 2.89 2.99 3.30 3.92
Long-term liabilities 29.94% 36.25% 39.87% 37.08% 37.78%
Total liabilities 49.01% 53.71% 56.54% 55.77% 57.50%
Redeemable noncontrolling interests 0.19 0.13 0.13 0.00 0.00
Class A Common Stock, $0.001 par value 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 18.77 17.29 16.41 16.78 15.56
Retained earnings 35.83 32.49 29.15 30.06 30.96
Treasury stock, at cost -0.86 -0.52 -0.68 -0.90 -0.65
Accumulated other comprehensive loss -3.23 -3.49 -1.95 -2.26 -3.98
Stockholders’ equity attributable to Amphenol Corporation 50.50% 45.78% 42.93% 43.68% 41.89%
Noncontrolling interests 0.30 0.38 0.40 0.54 0.61
Total equity 50.80% 46.15% 43.33% 44.23% 42.50%
Total liabilities, redeemable noncontrolling interests and equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Liabilities
There is a decreasing trend in total liabilities as a percentage of total capitalization, falling from 57.5% in 2019 to 49.01% in 2023. This suggests a gradual reduction in the company's reliance on liabilities financing relative to equity.
Within liabilities, current liabilities show some fluctuations but overall remain relatively stable, fluctuating between 16.67% and 19.72%, ending close to the initial level at 19.08% in 2023. Specific components like accounts payable exhibit a slight declining trend from 8.01% in 2019 to 8.17% in 2023 after peaking at 9.09% in 2020.
The current portion of long-term debt significantly decreased from 3.73% in 2019 to a low of 0.02% in 2022, then rose again to 2.14% in 2023, indicating changes in debt maturity profiles or repayments.
Long-term debt, excluding the current portion, decreased notably from 29.62% in 2019 to 24.1% in 2023, signaling a reduction in the company’s long-term leverage.
Other long-term liabilities have gradually declined from 3.92% to 2.75% over the period, and accrued pension and postretirement obligations similarly decreased from 1.84% to 0.87%, suggesting reduced obligations in these areas.
Equity
Total equity as a percentage of total capitalization rose steadily from 42.5% in 2019 to 50.8% in 2023, indicating strengthened equity financing.
Within equity, retained earnings increased significantly from 30.96% to 35.83%, reflecting accumulated profitability over the years.
Additional paid-in capital also shows a consistent upward trend from 15.56% to 18.77%, contributing to growth in shareholders' equity.
Treasury stock fluctuated, starting at -0.65%, decreasing to -0.9% in 2020, becoming less negative in 2022 at -0.52%, and then moving back to -0.86% in 2023, suggesting ongoing repurchases or retirements of shares.
Accumulated other comprehensive loss experienced some volatility, improving from -3.98% in 2019 to -1.95% in 2021, then deteriorating again to around -3.23% in 2023.
Summary of Trends
The data illustrates a capital structure shift towards greater equity financing, driven mainly by increases in retained earnings and additional paid-in capital. The company appears to be reducing its long-term debt exposure while managing current liabilities with moderate variability.
Decreases in pension and long-term liabilities reflect lower long-term obligations. The management of accrued expenses is relatively stable with minor variations.
Overall, the company’s financial leverage has decreased while equity has strengthened proportionally, signaling potentially improved financial stability and solvency over the analyzed period.

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