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.

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

US$ in thousands

	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017
Short-term borrowings	72,035)	39,282)	58,714)	45,583)	20,602)
Accounts payable	674,208)	330,247)	261,977)	328,091)	233,639)
Accrued wages and employee benefits	72,060)	63,036)	41,361)	40,819)	27,992)
Other accrued liabilities	331,674)	204,812)	132,629)	144,236)	105,067)
Current portion of long-term borrowings and finance lease obligations	5,930)	4,147)	2,383)	1,977)	1,572)
Current liabilities	1,155,907)	641,524)	497,064)	560,706)	388,872)
Long-term borrowings and finance lease obligations, excluding current portion	902,091)	841,764)	837,767)	876,396)	906,548)
Deferred income taxes	205,964)	115,769)	96,328)	71,300)	43,789)
Operating lease and other long-term liabilities	341,681)	179,955)	140,432)	95,647)	76,995)
Long-term liabilities	1,449,736)	1,137,488)	1,074,527)	1,043,343)	1,027,332)
Total liabilities	2,605,643)	1,779,012)	1,571,591)	1,604,049)	1,416,204)
Redeemable noncontrolling interest	58,050)	66,207)	61,227)	61,004)	43,929)
Common stock, par value $0.01	725)	721)	717)	712)	708)
Additional paid-in capital	952,939)	525,541)	498,866)	476,116)	459,816)
Treasury stock, at cost	(448,976)	(332,164)	(324,551)	(321,473)	(294,005)
Excess purchase price over predecessor basis	(202,116)	(202,116)	(202,116)	(202,116)	(202,116)
Retained earnings	1,965,957)	1,432,565)	1,084,383)	831,123)	616,347)
Accumulated other comprehensive loss	(54,755)	(34,254)	(24,917)	(23,813)	(21,198)
Stockholders’ equity attributable to Generac Holdings Inc.	2,213,774)	1,390,293)	1,032,382)	760,549)	559,552)
Noncontrolling interests	313)	(89)	469)	712)	279)
Total stockholders’ equity	2,214,087)	1,390,204)	1,032,851)	761,261)	559,831)
Total liabilities and stockholders’ equity	4,877,780)	3,235,423)	2,665,669)	2,426,314)	2,019,964)

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

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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.	Generac Holdings Inc. current liabilities increased from 2019 to 2020 and from 2020 to 2021.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Generac Holdings Inc. long-term liabilities increased from 2019 to 2020 and from 2020 to 2021.
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.	Generac Holdings Inc. total liabilities increased from 2019 to 2020 and from 2020 to 2021.
Stockholders’ equity attributable to Generac Holdings Inc.	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.	Generac Holdings Inc. stockholders’ equity attributable to Generac Holdings Inc. increased from 2019 to 2020 and from 2020 to 2021.

Generac Holdings Inc. (NYSE:GNRC)

Balance Sheet: Liabilities and Stockholders’ Equity