Stock Analysis on Net

AutoZone Inc. (NYSE:AZO)

This company has been moved to the archive! The financial data has not been updated since December 18, 2023.

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.

AutoZone Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Aug 26, 2023 Aug 27, 2022 Aug 28, 2021 Aug 29, 2020 Aug 31, 2019 Aug 25, 2018
Accounts payable 7,201,281 7,301,347 6,013,924 5,156,324 4,864,912 4,409,372
Current portion of operating lease liabilities 257,256 243,407 236,568 223,846
Accrued compensation, related payroll taxes and benefits 343,379 414,892 470,561 321,071 170,321 195,004
Property, sales and other taxes 165,731 153,305 135,831 121,196 122,372 106,050
Medical and casualty insurance claims, current portion 127,624 115,201 121,237 112,746 89,250 88,761
Current portion of finance lease liabilities 86,916 92,877 89,932 67,498 56,246 52,290
Accrued gift cards 59,254 52,237 50,369 43,876 38,658 27,401
Accrued interest 54,493 50,696 55,435 63,503 48,147 36,902
Accrued sales and warranty returns 43,355 35,696 32,418 32,356 34,310 20,025
Other 120,089 93,797 84,005 65,422 62,628 80,461
Accrued expenses and other 1,000,841 1,008,701 1,039,788 827,668 621,932 606,894
Income taxes payable 52,478 34,938 79,474 75,253 25,297 12,415
Current liabilities 8,511,856 8,588,393 7,369,754 6,283,091 5,512,141 5,028,681
Long-term debt 7,668,549 6,122,092 5,269,820 5,513,371 5,206,344 5,005,930
Operating lease liabilities, less current portion 2,917,046 2,837,973 2,632,842 2,501,560
Deferred income taxes 536,278 533,884 337,125 354,186 311,980 285,204
Finance lease liabilities, less current portion 200,702 217,428 186,122 155,855 123,659 102,013
Other long-term liabilities 501,341 514,186 518,072 493,786 455,640 445,507
Long-term liabilities 11,823,916 10,225,563 8,943,981 9,018,758 6,097,623 5,838,654
Total liabilities 20,335,772 18,813,956 16,313,735 15,301,849 11,609,764 10,867,335
Preferred stock; no shares issued
Common stock, par value $.01 per share 189 207 230 237 254 275
Additional paid-in capital 1,484,992 1,354,252 1,465,669 1,283,495 1,264,448 1,155,426
Retained deficit (2,959,278) (1,330,067) (419,829) (1,450,970) (1,305,347) (1,208,824)
Accumulated other comprehensive loss (190,836) (300,536) (307,986) (354,252) (269,322) (235,805)
Treasury stock, at cost (2,684,961) (3,262,769) (2,535,620) (356,487) (1,403,884) (1,231,427)
Stockholders’ deficit (4,349,894) (3,538,913) (1,797,536) (877,977) (1,713,851) (1,520,355)
Total liabilities and stockholders’ deficit 15,985,878 15,275,043 14,516,199 14,423,872 9,895,913 9,346,980

Based on: 10-K (reporting date: 2023-08-26), 10-K (reporting date: 2022-08-27), 10-K (reporting date: 2021-08-28), 10-K (reporting date: 2020-08-29), 10-K (reporting date: 2019-08-31), 10-K (reporting date: 2018-08-25).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. AutoZone Inc. current liabilities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. AutoZone Inc. long-term liabilities increased from 2021 to 2022 and from 2022 to 2023.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. AutoZone Inc. total liabilities increased from 2021 to 2022 and from 2022 to 2023.
Stockholders’ deficit Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. AutoZone Inc. stockholders’ deficit decreased from 2021 to 2022 and from 2022 to 2023.