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.

Chipotle Mexican Grill Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Accounts payable	197,646)	184,566)	163,161)	121,990)	115,816)
Workers’ compensation liability	30,520)	27,531)	27,456)	27,630)	29,837)
Accrued payroll, bonuses and taxes	170,251)	118,638)	107,799)	41,784)	31,188)
Accrued employer payroll taxes, deferred pursuant to the CARES Act	—)	—)	—)	70,812)	—)
Other accrued payroll and benefits	26,766)	24,287)	27,150)	62,828)	65,575)
Accrued payroll and benefits	227,537)	170,456)	162,405)	203,054)	126,600)
Sales and use tax payable	42,071)	35,567)	32,004)	26,419)	26,484)
General, product and automobile insurance reserves	30,169)	29,544)	48,098)	51,214)	45,721)
Other accrued liabilities	75,448)	82,428)	92,950)	87,016)	83,638)
Accrued liabilities	147,688)	147,539)	173,052)	164,649)	155,843)
Unearned revenue	209,680)	183,071)	156,351)	127,750)	95,195)
Current operating lease liabilities	248,074)	236,248)	218,713)	204,756)	173,139)
Current liabilities	1,030,625)	921,880)	873,682)	822,199)	666,593)
Long-term operating lease liabilities	3,803,551)	3,495,162)	3,301,601)	2,952,296)	2,678,374)
Deferred income tax liabilities	89,109)	98,623)	141,765)	149,422)	37,814)
Other liabilities	58,870)	43,816)	38,536)	38,844)	38,797)
Long-term liabilities	3,951,530)	3,637,601)	3,481,902)	3,140,562)	2,754,985)
Total liabilities	4,982,155)	4,559,481)	4,355,584)	3,962,761)	3,421,578)
Preferred stock, $0.01 par value, no shares issued	—)	—)	—)	—)	—)
Common stock, $0.01 par value	375)	373)	371)	367)	363)
Additional paid-in capital	1,956,160)	1,829,304)	1,729,312)	1,549,909)	1,465,697)
Treasury stock, at cost	(4,944,656)	(4,282,014)	(3,356,102)	(2,802,075)	(2,699,119)
Accumulated other comprehensive loss	(6,657)	(7,888)	(5,354)	(4,229)	(5,363)
Retained earnings	6,056,985)	4,828,248)	3,929,147)	3,276,163)	2,921,448)
Shareholders’ equity	3,062,207)	2,368,023)	2,297,374)	2,020,135)	1,683,026)
Total liabilities and shareholders’ equity	8,044,362)	6,927,504)	6,652,958)	5,982,896)	5,104,604)

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).

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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.	Chipotle Mexican Grill Inc. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Chipotle Mexican Grill 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.	Chipotle Mexican Grill Inc. total liabilities increased from 2021 to 2022 and from 2022 to 2023.
Shareholders’ equity	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.	Chipotle Mexican Grill Inc. shareholders’ equity increased from 2021 to 2022 and from 2022 to 2023.

Chipotle Mexican Grill Inc. (NYSE:CMG)

Balance Sheet: Liabilities and Stockholders’ Equity