Name: Hubbell Inc. (NYSE:HUBB) | Liabilities and Stockholders’ Equity (Quarterly)
Creator: Stock Analysis on Net

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.

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

US$ in thousands

	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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018
Short-term debt and current portion of long-term debt	3,300)	1,800)	4,700)	4,700)	4,000)	5,800)	7,800)	9,700)	128,900)	137,600)	360,800)	153,100)	21,900)	145,200)	106,700)	65,400)	35,900)	54,200)	77,300)	56,100)	130,300)	91,100)	177,500)
Accounts payable	554,700)	554,800)	545,300)	529,900)	569,900)	550,700)	548,500)	532,800)	491,900)	465,700)	421,300)	378,000)	387,600)	354,400)	358,400)	347,700)	414,700)	428,700)	403,700)	393,700)	420,700)	420,800)	374,500)
Accrued salaries, wages and employee benefits	129,000)	117,200)	69,100)	144,200)	107,900)	91,700)	62,000)	94,700)	81,900)	79,000)	63,900)	91,500)	78,800)	66,600)	65,900)	101,500)	92,800)	73,100)	68,600)	101,600)	110,000)	81,100)	71,000)
Accrued insurance	80,800)	78,900)	84,700)	75,600)	74,500)	73,000)	78,200)	73,300)	77,100)	76,400)	77,800)	71,600)	72,200)	76,900)	78,000)	68,100)	70,200)	69,600)	70,000)	61,300)	62,900)	65,700)	64,600)
Other accrued liabilities	303,600)	317,100)	348,300)	334,100)	306,200)	281,700)	265,600)	263,400)	255,600)	240,700)	224,900)	254,000)	232,200)	237,600)	232,300)	262,200)	252,600)	248,500)	228,300)	226,600)	214,100)	212,700)	210,900)
Liabilities held for sale, current	—)	—)	—)	—)	—)	—)	—)	91,300)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Current liabilities	1,071,400)	1,069,800)	1,052,100)	1,088,500)	1,062,500)	1,002,900)	962,100)	1,065,200)	1,035,400)	999,400)	1,148,700)	948,200)	792,700)	880,700)	841,300)	844,900)	866,200)	874,100)	847,900)	839,300)	938,000)	871,400)	898,500)
Long-term debt, excluding current portion	1,439,700)	1,439,100)	1,438,500)	1,437,900)	1,437,300)	1,436,700)	1,436,100)	1,435,500)	1,434,900)	1,434,200)	1,433,700)	1,436,900)	1,436,300)	1,610,400)	1,597,300)	1,506,000)	1,714,100)	1,722,800)	1,731,500)	1,737,100)	1,792,500)	1,897,600)	1,903,200)
Other non-current liabilities	506,700)	500,900)	507,100)	505,600)	508,400)	530,700)	547,100)	521,300)	593,300)	598,300)	612,500)	614,600)	617,100)	594,100)	592,000)	591,600)	578,400)	584,100)	569,800)	496,800)	495,200)	500,300)	495,200)
Liabilities held for sale, non-current	—)	—)	—)	—)	—)	—)	—)	18,800)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Non-current liabilities	1,946,400)	1,940,000)	1,945,600)	1,943,500)	1,945,700)	1,967,400)	1,983,200)	1,975,600)	2,028,200)	2,032,500)	2,046,200)	2,051,500)	2,053,400)	2,204,500)	2,189,300)	2,097,600)	2,292,500)	2,306,900)	2,301,300)	2,233,900)	2,287,700)	2,397,900)	2,398,400)
Total liabilities	3,017,800)	3,009,800)	2,997,700)	3,032,000)	3,008,200)	2,970,300)	2,945,300)	3,040,800)	3,063,600)	3,031,900)	3,194,900)	2,999,700)	2,846,100)	3,085,200)	3,030,600)	2,942,500)	3,158,700)	3,181,000)	3,149,200)	3,073,200)	3,225,700)	3,269,300)	3,296,900)
Total Hubbell Incorporated shareholders’ equity	2,739,100)	2,620,700)	2,472,700)	2,360,900)	2,318,700)	2,256,900)	2,213,300)	2,229,800)	2,168,800)	2,125,700)	2,082,700)	2,070,000)	2,016,800)	1,959,900)	1,914,900)	1,947,100)	1,903,100)	1,835,900)	1,808,100)	1,780,600)	1,754,800)	1,684,900)	1,662,000)
Noncontrolling interest	11,400)	10,400)	10,400)	9,700)	11,500)	11,000)	11,100)	10,900)	9,300)	15,200)	15,300)	15,400)	14,200)	13,600)	13,600)	13,400)	12,500)	19,100)	18,800)	18,300)	17,000)	16,900)	16,500)
Total equity	2,750,500)	2,631,100)	2,483,100)	2,370,600)	2,330,200)	2,267,900)	2,224,400)	2,240,700)	2,178,100)	2,140,900)	2,098,000)	2,085,400)	2,031,000)	1,973,500)	1,928,500)	1,960,500)	1,915,600)	1,855,000)	1,826,900)	1,798,900)	1,771,800)	1,701,800)	1,678,500)
Total liabilities and equity	5,768,300)	5,640,900)	5,480,800)	5,402,600)	5,338,400)	5,238,200)	5,169,700)	5,281,500)	5,241,700)	5,172,800)	5,292,900)	5,085,100)	4,877,100)	5,058,700)	4,959,100)	4,903,000)	5,074,300)	5,036,000)	4,976,100)	4,872,100)	4,997,500)	4,971,100)	4,975,400)

The balance sheet demonstrates a consistent strengthening of the capital structure characterized by a significant increase in equity and a strategic reduction in total liabilities over the analyzed period. Total liabilities and equity grew from 4.97 billion US dollars in March 2018 to 5.77 billion US dollars by September 2023, indicating an expansion of the overall asset base funded primarily through retained earnings or capital contributions rather than debt.

Debt Profile and Obligations: A marked transition in debt management is evident. Long-term debt, excluding the current portion, decreased from approximately 1.90 billion US dollars in early 2018 to a stabilized level of approximately 1.44 billion US dollars from 2020 through 2023. Short-term debt and the current portion of long-term debt exhibited high volatility between 2018 and early 2021, reaching a peak of 360.8 million US dollars in March 2021. Subsequently, this figure declined sharply, remaining below 5 million US dollars for most of 2022 and 2023, suggesting a shift toward long-term financing or the complete retirement of short-term credit facilities.
Current Liabilities and Operational Accruals: Current liabilities trended upward from 898.5 million US dollars in March 2018 to 1.07 billion US dollars in September 2023. This growth is primarily driven by accounts payable, which rose from 374.5 million US dollars to 554.7 million US dollars over the period, reflecting an increase in trade credit and scaling operational volume. Other accrued liabilities also showed a steady climb, increasing from 210.9 million US dollars in 2018 to 303.6 million US dollars by late 2023.
Equity Growth and Solvency: Total shareholders' equity experienced a robust and nearly linear increase, rising from 1.66 billion US dollars in March 2018 to 2.74 billion US dollars in September 2023. This substantial growth in equity, coupled with the reduction of total liabilities from 3.30 billion US dollars to 3.02 billion US dollars, indicates a significant improvement in the company's solvency position and a reduction in financial leverage.
Non-Current Liabilities: Non-current liabilities saw a gradual decline from 2.40 billion US dollars in March 2018 to 1.95 billion US dollars in September 2023. This trend was largely mirrored by the reduction in long-term debt, with other non-current liabilities remaining relatively stable, fluctuating between 495 million and 617 million US dollars throughout the period.

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Hubbell Inc. (NYSE:HUBB)

Balance Sheet: Liabilities and Stockholders’ EquityQuarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data