Home Depot Inc. (HD)


Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Low level of difficulty

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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.

Home Depot Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

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Aug 4, 2019 May 5, 2019 Feb 3, 2019 Oct 28, 2018 Jul 29, 2018 Apr 29, 2018 Jan 28, 2018 Oct 29, 2017 Jul 30, 2017 Apr 30, 2017 Jan 29, 2017 Oct 30, 2016 Jul 31, 2016 May 1, 2016 Jan 31, 2016 Nov 1, 2015 Aug 2, 2015 May 3, 2015 Feb 1, 2015 Nov 2, 2014 Aug 3, 2014 May 4, 2014 Feb 2, 2014 Nov 3, 2013 Aug 4, 2013 May 5, 2013
Short-term debt —  372  1,339  1,398  —  350  1,559  125  —  —  710  —  —  —  350  —  —  —  290  —  —  —  —  —  —  — 
Accounts payable 9,494  10,311  7,755  9,054  9,407  9,726  7,244  8,570  8,541  9,138  7,000  8,054  8,273  8,711  6,565  7,236  7,495  8,070  5,807  6,897  7,165  7,739  5,797  6,366  6,585  7,384 
Accrued salaries and related expenses 1,478  1,418  1,506  1,495  1,535  1,413  1,640  1,488  1,503  1,353  1,484  1,398  1,453  1,339  1,515  1,354  1,384  1,283  1,391  1,303  1,325  1,233  1,428  1,315  1,423  1,264 
Sales taxes payable 766  789  656  652  750  730  520  629  711  710  508  594  663  679  476  556  603  631  434  515  583  597  396  480  547  596 
Deferred revenue 2,233  2,015  1,782  1,858  1,989  1,911  1,805  1,788  1,931  1,832  1,669  1,632  1,666  1,607  1,566  1,513  1,652  1,603  1,468  1,424  1,503  1,441  1,337  1,292  1,379  1,377 
Current installments of long-term debt 1,315  1,084  1,056  1,054  2,203  1,199  1,202  1,198  545  544  542  543  43  44  77  3,047  3,057  3,054  38  34  34  34  33  1,317  1,308  1,332 
Current operating lease liabilities 831  793  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other accrued expenses 2,681  2,891  2,622  2,685  2,542  2,804  2,224  2,204  2,592  2,861  2,220  2,210  2,427  2,769  1,977  2,270  2,208  2,364  1,841  2,087  2,229  2,221  1,758  1,759  1,753  2,065 
Current liabilities 18,798  19,673  16,716  18,196  18,426  18,133  16,194  16,002  15,823  16,438  14,133  14,431  14,525  15,149  12,526  15,976  16,399  17,005  11,269  12,260  12,839  13,265  10,749  12,529  12,995  14,018 
Long-term debt, excluding current installments 27,064  26,804  26,807  23,332  23,295  24,244  24,267  24,266  24,422  22,393  22,349  22,338  20,900  20,904  20,888  17,815  16,318  13,818  16,869  16,693  16,702  14,707  14,691  14,692  11,450  11,460 
Long-term operating lease liabilities 5,263  5,145  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other long-term liabilities 2,045  2,036  2,358  2,352  2,502  2,586  2,614  2,212  2,160  2,151  2,151  2,111  2,165  2,188  2,819  2,742  2,444  2,483  2,486  2,449  2,481  2,511  2,556  2,379  2,269  2,324 
Long-term liabilities 34,372  33,985  29,165  25,684  25,797  26,830  26,881  26,478  26,582  24,544  24,500  24,449  23,065  23,092  23,707  20,557  18,762  16,301  19,355  19,142  19,183  17,218  17,247  17,071  13,719  13,784 
Total liabilities 53,170  53,658  45,881  43,880  44,223  44,963  43,075  42,480  42,405  40,982  38,633  38,880  37,590  38,241  36,233  36,533  35,161  33,306  30,624  31,402  32,022  30,483  27,996  29,600  26,714  27,802 
Common stock, par value $0.05 89  89  89  89  89  89  89  89  89  89  88  88  88  88  88  88  88  88  88  88  88  88  88  88  88  88 
Paid-in capital 10,777  10,590  10,578  10,409  10,079  10,017  10,192  9,883  9,958  9,779  9,787  9,628  9,549  9,362  9,347  8,966  8,972  8,957  8,885  8,742  8,217  8,501  8,402  7,979  8,001  7,790 
Retained earnings 49,446  47,459  46,423  45,235  43,543  41,221  39,935  39,193  38,073  36,461  35,519  34,612  33,492  31,907  30,973  30,246  29,275  27,805  26,995  26,234  25,324  23,913  23,180  22,711  21,916  20,687 
Accumulated other comprehensive income (loss) (776) (835) (772) (717) (774) (596) (566) (629) (482) (923) (867) (883) (778) (578) (898) (662) (582) (327) (452) (18) 91  88  46  254  281  433 
Treasury stock, at cost (60,696) (59,446) (58,196) (53,696) (50,928) (49,044) (48,196) (45,993) (44,084) (41,444) (40,194) (37,823) (35,694) (34,444) (33,194) (31,019) (29,116) (27,319) (26,194) (24,936) (22,263) (20,444) (19,194) (16,818) (14,808) (12,605)
Stockholders’ equity (deficit) (1,160) (2,143) (1,878) 1,320  2,009  1,687  1,454  2,543  3,554  3,962  4,333  5,622  6,657  6,335  6,316  7,619  8,637  9,204  9,322  10,110  11,457  12,146  12,522  14,214  15,478  16,393 
Total liabilities and stockholders’ equity (deficit) 52,010  51,515  44,003  45,200  46,232  46,650  44,529  45,023  45,959  44,944  42,966  44,502  44,247  44,576  42,549  44,152  43,798  42,510  39,946  41,512  43,479  42,629  40,518  43,814  42,192  44,195 

Based on: 10-Q (filing date: 2019-08-27), 10-Q (filing date: 2019-05-29), 10-K (filing date: 2019-03-28), 10-Q (filing date: 2018-11-20), 10-Q (filing date: 2018-08-21), 10-Q (filing date: 2018-05-22), 10-K (filing date: 2018-03-22), 10-Q (filing date: 2017-11-21), 10-Q (filing date: 2017-08-22), 10-Q (filing date: 2017-05-23), 10-K (filing date: 2017-03-23), 10-Q (filing date: 2016-11-22), 10-Q (filing date: 2016-08-23), 10-Q (filing date: 2016-05-24), 10-K (filing date: 2016-03-24), 10-Q (filing date: 2015-11-24), 10-Q (filing date: 2015-08-25), 10-Q (filing date: 2015-05-27), 10-K (filing date: 2015-03-26), 10-Q (filing date: 2014-11-25), 10-Q (filing date: 2014-08-27), 10-Q (filing date: 2014-05-28), 10-K (filing date: 2014-03-27), 10-Q (filing date: 2013-11-27), 10-Q (filing date: 2013-08-28), 10-Q (filing date: 2013-05-29).

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. Home Depot Inc.’s current liabilities increased from Q4 2019 to Q1 2020 but then slightly declined from Q1 2020 to Q2 2020.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Home Depot Inc.’s long-term liabilities increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
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. Home Depot Inc.’s total liabilities increased from Q4 2019 to Q1 2020 but then slightly declined from Q1 2020 to Q2 2020.
Stockholders’ equity (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’s 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. Home Depot Inc.’s stockholders’ equity (deficit) declined from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 exceeding Q4 2019 level.