Stock Analysis on Net

Becton, Dickinson & Co. (NYSE:BDX)

This company has been moved to the archive! The financial data has not been updated since May 5, 2022.

Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

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.

Becton, Dickinson & Co., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

Microsoft Excel
Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015
Current debt obligations 1,051 1,064 500 2,033 1 1,737 707 1,630 4,357 2,456 1,309 2,168 3,057 3,254 2,601 1,900 202 703 203 453 1,224 1,974 1,001 1,351 1,651 1,951
Payables, accrued expenses and other current liabilities 5,606 5,671 6,126 5,716 5,375 5,284 5,129 4,437 4,398 4,270 4,346 4,069 4,051 3,891 4,615 4,206 4,224 4,192 3,139 2,820 2,794 2,596 3,210 2,673 2,527 2,578
Liabilities held for sale 189 195 202
Current liabilities 6,657 6,735 6,626 7,749 5,376 7,021 5,836 6,067 8,755 6,726 5,655 6,237 7,108 7,145 7,216 6,106 4,426 4,895 3,342 3,273 4,018 4,570 4,400 4,219 4,380 4,529
Long-term debt, excluding current portion 17,584 16,360 17,110 15,700 17,718 16,082 17,224 17,090 16,809 16,949 18,081 18,016 17,556 17,817 18,894 20,350 22,589 22,095 18,667 18,563 9,082 9,043 10,550 10,561 10,864 10,858
Long-term employee benefit obligations 1,048 1,078 1,228 1,421 1,425 1,434 1,435 1,297 1,253 1,290 1,272 862 815 805 1,056 1,075 1,172 1,164 1,168 1,337 1,356 1,323 1,319 1,159 1,146 1,150
Deferred income taxes and other liabilities 4,973 5,030 5,225 5,328 5,576 5,548 5,752 5,483 5,748 5,785 5,676 5,621 5,809 5,762 5,744 5,088 5,234 5,962 1,609 1,406 1,702 1,799 1,684 2,044 2,180 2,286
Noncurrent liabilities 23,605 22,468 23,563 22,449 24,719 23,064 24,411 23,870 23,810 24,024 25,029 24,499 24,180 24,384 25,694 26,513 28,995 29,221 21,444 21,306 12,140 12,165 13,553 13,764 14,190 14,294
Total liabilities 30,262 29,203 30,189 30,198 30,095 30,085 30,247 29,937 32,565 30,750 30,684 30,736 31,288 31,529 32,910 32,619 33,421 34,116 24,786 24,579 16,158 16,735 17,953 17,983 18,570 18,823
Preferred stock 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2 2
Common stock 365 365 365 365 365 365 365 365 347 347 347 347 347 347 347 347 347 347 347 347 333 333 333 333 333 333
Capital in excess of par value 19,494 19,434 19,272 19,281 19,340 19,301 19,270 19,228 16,288 16,321 16,270 16,227 16,177 16,174 16,179 16,193 16,170 16,197 9,619 9,586 4,742 4,713 4,693 4,650 4,600 4,557
Retained earnings 14,416 14,233 13,826 13,821 13,557 13,522 12,791 12,916 12,868 12,938 12,913 12,997 12,792 13,018 12,596 12,971 12,616 12,765 13,111 12,989 13,321 13,133 12,727 12,850 12,600 12,402
Deferred compensation 24 24 23 23 23 23 23 23 23 24 23 22 23 24 22 22 21 19 19 23 21 23 21 20 20 22
Treasury stock (7,866) (7,855) (7,723) (7,027) (6,132) (6,136) (6,138) (6,145) (6,158) (6,228) (6,190) (6,201) (6,192) (6,235) (6,243) (6,275) (6,300) (6,343) (8,427) (8,437) (8,445) (8,457) (8,212) (8,215) (8,240) (8,251)
Accumulated other comprehensive loss (1,910) (2,043) (2,088) (2,330) (2,329) (2,414) (2,548) (2,367) (2,419) (2,202) (2,284) (1,897) (1,839) (1,927) (1,909) (1,902) (1,704) (1,740) (1,723) (1,923) (2,009) (2,162) (1,929) (1,605) (1,647) (1,840)
Shareholders’ equity 24,525 24,160 23,677 24,135 24,826 24,663 23,765 24,022 20,951 21,202 21,081 21,497 21,310 21,403 20,994 21,358 21,152 21,247 12,948 12,587 7,963 7,583 7,633 8,033 7,666 7,223
Total liabilities and shareholders’ equity 54,787 53,363 53,866 54,333 54,921 54,748 54,012 53,959 53,516 51,952 51,765 52,233 52,598 52,932 53,904 53,977 54,573 55,363 37,734 37,166 24,121 24,318 25,586 26,016 26,236 26,046

Based on: 10-Q (reporting date: 2022-03-31), 10-Q (reporting date: 2021-12-31), 10-K (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-Q (reporting date: 2020-12-31), 10-K (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-Q (reporting date: 2019-12-31), 10-K (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-Q (reporting date: 2018-12-31), 10-K (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-Q (reporting date: 2017-12-31), 10-K (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31), 10-Q (reporting date: 2016-12-31), 10-K (reporting date: 2016-09-30), 10-Q (reporting date: 2016-06-30), 10-Q (reporting date: 2016-03-31), 10-Q (reporting date: 2015-12-31).


Current Debt Obligations
The current debt obligations show notable volatility across the periods, with initial decreases from 1951 million US$ at the end of 2015 to as low as 203 million US$ in the third quarter of 2017. Subsequently, the values fluctuate significantly, peaking again at 4357 million US$ in the first quarter of 2020 before dropping to minimal levels and then rising once more to around 1051 million US$ by the first quarter of 2022.
Payables, Accrued Expenses, and Other Current Liabilities
This item exhibits a gradual increasing trend, starting at 2578 million US$ in late 2015 and rising to over 5600 million US$ by early 2022. The increase is relatively steady, with periodic accelerations during late 2017 and from 2020 onwards.
Current Liabilities
Current liabilities overall show an upward trend with fluctuations, rising from approximately 4500 million US$ at the end of 2015 to a peak near 7749 million US$ at the end of 2021 before a slight decrease towards the first quarter of 2022. Notably, there is a sharp increase during 2017 and again near the end of 2021, reflecting changes in both current debt obligations and payables.
Long-Term Debt, Excluding Current Portion
The long-term debt level remains generally high with some pronounced fluctuations. From roughly 10,858 million US$ at the end of 2015, it peaks significantly at over 22,000 million US$ in late 2017, then declines steadily to around 16,360 million US$ by the end of 2021, before increasing again to 17,584 million US$ in early 2022. This pattern indicates periods of debt refinancing or capital restructuring.
Long-Term Employee Benefit Obligations
These obligations remain relatively stable throughout the periods, with minor fluctuations around a central value approximately between 800 million and 1,435 million US$. A slight rising trend towards the end of 2020 is observed, followed by a gradual decline in early 2022.
Deferred Income Taxes and Other Liabilities
This category shows considerable volatility, with values ranging from above 2,000 million US$ to a peak nearing 6,000 million US$ between 2016 and 2018. After peaking, the values decrease steadily, ending at around 4,973 million US$ in the first quarter of 2022, indicating changes in tax positions or deferred liabilities management.
Noncurrent Liabilities
Noncurrent liabilities display marked variation, rising sharply from approximately 14,294 million US$ at the end of 2015 to over 29,000 million US$ in 2017, followed by a general stabilization around the 23,000 to 24,000 million US$ range through 2022. The initial spike corresponds to increases in long-term debt and other noncurrent obligations.
Total Liabilities
Total liabilities reflect the aggregated effect of current and noncurrent obligations. Amounts increase considerably from roughly 18,823 million US$ in late 2015 to peaks exceeding 34,000 million US$ during 2017, then stabilize near 30,000 million US$ with moderate fluctuations through early 2022.
Shareholders’ Equity
Shareholders’ equity follows a strong growth trajectory, increasing from approximately 7,223 million US$ at the end of 2015 to a high near 24,000 million US$ by late 2020, with modest variation afterward. This denotes significant capital accumulation, possibly from retained earnings and capital contributions, despite some fluctuations aligned with treasury stock transactions.
Treasury Stock
Treasury stock values indicate active share repurchases or retirements. The negative balance declines from around -8,250 million US$ in 2015 to about -6,138 million US$ in late 2020, then intensifies again towards -7,866 million US$ in 2021. These swings may impact equity and reflect strategic capital management decisions.
Overall Financial Position
The total liabilities and shareholders’ equity combined show a significant increase from approximately 26,046 million US$ in 2015 to a peak above 55,000 million US$ around 2017, followed by stabilization in the 53,000 to 55,000 million US$ range. This overall growth reflects expanding capital structure and possibly business growth or acquisitions during the analyzed period.