Stock Analysis on Net

Eli Lilly & Co. (NYSE:LLY)

$24.99

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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

US$ in thousands

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Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 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
Short-term borrowings and current maturities of long-term debt
Accounts payable
Employee compensation
Sales rebates and discounts
Dividends payable
Short-term income taxes payable
Other current liabilities
Current liabilities
Long-term debt, excluding current maturities
Accrued retirement benefits
Long-term income taxes payable
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Common stock
Additional paid-in capital
Retained earnings
Employee benefit trust
Accumulated other comprehensive loss
Cost of common stock in treasury
Total Eli Lilly and Company shareholders’ equity
Noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Short-term borrowings and current maturities of long-term debt
This item shows significant volatility over the periods, with levels fluctuating between approximately 4,900 thousand USD to as high as 6,904,500 thousand USD. Notably, the fourth quarter of 2023 and 2024 see sharp increases, indicating possible refinancing or short-term liquidity needs.
Accounts payable
Accounts payable exhibit a generally increasing trend over the entire timeframe, rising from around 1,207,700 thousand USD in early 2020 to 3,442,000 thousand USD by the first quarter of 2025. This steady growth suggests increasing operating obligations or delayed payments to suppliers.
Employee compensation
The employee compensation figures display a cyclical pattern with quarter-over-quarter increases and decreases, but an overall upward trend is evident, especially pronounced from 2022 onward. The value peaks in December 2023 at over 2,093,900 thousand USD, suggesting increasing investment in human resources or variable payouts.
Sales rebates and discounts
There is a consistent increasing trajectory in sales rebates and discounts, moving from 4,703,900 thousand USD at the beginning of 2020 to a peak exceeding 12,446,800 thousand USD in the third quarter of 2024. This might reflect increased promotional activities or pricing adjustments impacting net sales.
Dividends payable
This data series shows intermittent reporting, but where present, dividends payable gradually increase from around 770,600 thousand USD to 1,346,300 thousand USD by early 2025, indicating an upward trend in shareholder distributions.
Short-term income taxes payable
The entries are sparse until the final two periods, where a sudden increase is observed, particularly in the first quarter of 2025 with 6,175,700 thousand USD, possibly indicating tax liabilities related to recent profits or changes in tax regulations.
Other current liabilities
Other current liabilities exhibit fluctuations without a clear directional trend but show substantial spikes at several points, including over 5,580,300 thousand USD at the end of 2024, suggesting episodic accruals or adjustments in current obligations.
Current liabilities
Current liabilities fluctuate moderately but increase notably in the latter periods, reaching approximately 30,068,100 thousand USD by the first quarter of 2025. This reflects growth in short-term financial obligations and operational liabilities.
Long-term debt, excluding current maturities
Long-term debt maintains relatively high levels throughout, with a trend of growth after 2022, culminating near 34,499,500 thousand USD in early 2025. The increases in debt suggest strategic borrowing or financing activities to support long-term projects or expansions.
Accrued retirement benefits
Accrued retirement benefits generally decline from 3,632,000 thousand USD in the first quarter of 2020 to about 1,315,500 thousand USD by early 2025. This decline may indicate benefit payments, plan settlements, or reassessments of retirement obligations.
Long-term income taxes payable
This liability remains relatively stable with slight fluctuations, averaging around 3,700,000 thousand USD initially, increasing toward early 2025 to over 5,370,500 thousand USD, indicating long-term tax contingencies or deferred tax liabilities.
Other noncurrent liabilities
There is a clear declining pattern in other noncurrent liabilities from 4,059,200 thousand USD in early 2020 to around 2,288,400 thousand USD by the first quarter of 2025, indicating reductions in certain long-term obligations or settlements.
Noncurrent liabilities
Overall noncurrent liabilities decrease from 25,295,400 thousand USD in March 2020 to a trough around 21,576,200 thousand USD in late 2022, before rising sharply again to approximately 43,473,900 thousand USD by early 2025, reflecting shifts in the company's long-term financing and obligations.
Total liabilities
Total liabilities exhibit a rising trend after minor fluctuations in the early periods, moving from roughly 37,905,600 thousand USD in Q1 2020 to about 73,542,000 thousand USD by Q1 2025, indicating overall growth in the company’s financial obligations.
Common stock
Common stock values remain fairly stable with minor fluctuations around 590,000 to 598,000 thousand USD, suggesting limited issuance or repurchases affecting share capital.
Additional paid-in capital
This equity component generally trends upward, growing from approximately 6,556,100 thousand USD in early 2020 to a peak of about 7,439,300 thousand USD in late 2024, indicative of additional investments from shareholders or stock-based compensation.
Retained earnings
Retained earnings increase substantially over the period, from 5,879,400 thousand USD to nearly 15,099,500 thousand USD by Q1 2025. This denotes accumulation of net income and reinvested earnings, signaling profitable operations and growth in net assets.
Employee benefit trust
The values remain constant at negative 3,013,200 thousand USD throughout all periods, indicating a consistent contra-equity account related to employee benefits financing.
Accumulated other comprehensive loss
There is a reduction in the accumulated other comprehensive loss, starting at roughly negative 6,885,900 thousand USD in March 2020 and declining to negative 3,774,600 thousand USD by early 2025. This improvement may reflect positive changes in foreign currency translation, pension liabilities, or marketable securities.
Cost of common stock in treasury
This item decreases gradually from negative 55,700 thousand USD to negative 49,500 thousand USD, reflecting minor fluctuations in treasury stock holdings.
Total shareholders’ equity
Shareholders' equity shows consistent growth from approximately 3,078,800 thousand USD in early 2020 to over 15,764,800 thousand USD by 2025, highlighting strong equity base expansion driven largely by retained earnings growth and contributions to paid-in capital.
Noncontrolling interests
Noncontrolling interests decline from 118,400 thousand USD to 82,000 thousand USD over the timeframe, suggesting consolidation or reduced minority stakes.
Total equity
Total equity rises in a nearly continuous fashion, increasing from 3,197,200 thousand USD at the beginning of 2020 to approximately 15,846,800 thousand USD in early 2025, reflecting the company's strengthening net asset position.
Total liabilities and equity
The combined total of liabilities and equity increases significantly from approximately 41,102,800 thousand USD to nearly 89,388,800 thousand USD over the period, consistent with the company's overall growth in scale and financial leverage.