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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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Income Statement
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Analysis of Reportable Segments
- Analysis of Geographic Areas
- Return on Equity (ROE) since 2005
- Price to Earnings (P/E) since 2005
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Medtronic PLC, consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
Based on: 10-Q (reporting date: 2025-10-24), 10-Q (reporting date: 2025-07-25), 10-K (reporting date: 2025-04-25), 10-Q (reporting date: 2025-01-24), 10-Q (reporting date: 2024-10-25), 10-Q (reporting date: 2024-07-26), 10-K (reporting date: 2024-04-26), 10-Q (reporting date: 2024-01-26), 10-Q (reporting date: 2023-10-27), 10-Q (reporting date: 2023-07-28), 10-K (reporting date: 2023-04-28), 10-Q (reporting date: 2023-01-27), 10-Q (reporting date: 2022-10-28), 10-Q (reporting date: 2022-07-29), 10-K (reporting date: 2022-04-29), 10-Q (reporting date: 2022-01-28), 10-Q (reporting date: 2021-10-29), 10-Q (reporting date: 2021-07-30), 10-K (reporting date: 2021-04-30), 10-Q (reporting date: 2021-01-29), 10-Q (reporting date: 2020-10-30), 10-Q (reporting date: 2020-07-31), 10-K (reporting date: 2020-04-24), 10-Q (reporting date: 2020-01-24), 10-Q (reporting date: 2019-10-25), 10-Q (reporting date: 2019-07-26).
- Current Debt Obligations
- The current debt obligations exhibit significant volatility across the periods, with notable peaks around mid-2020 reaching above 5,800 million USD. After fluctuating, the amounts generally decrease towards the latest periods, stabilizing below 3,000 million USD. This pattern suggests periodic refinancing or short-term borrowing spikes possibly aligned with operational or market conditions.
- Accounts Payable
- Accounts payable remain relatively stable throughout the periods, varying modestly between approximately 1,700 million USD and 2,600 million USD. There is no strong upward or downward trend, indicating consistent management of payables relative to operational activities.
- Accrued Compensation
- Accrued compensation displays moderate fluctuations, peaking near 2,500 million USD in early 2021 and again increasing in late 2024. Periods in between demonstrate varying levels but generally hover around 1,700 to 2,200 million USD. This variation may reflect changes in workforce size, bonus accruals, or compensation policies.
- Accrued Income Taxes (Current)
- Current accrued income taxes fluctuate without a clear trend, ranging roughly between 300 million USD and 1,300 million USD. There is an observable increase toward 2023–2024, followed by a decrease in mid-2025. This could reflect tax payment timing, changes in profitability, or tax planning activities.
- Other Accrued Expenses
- Other accrued expenses fluctuate moderately, generally staying between approximately 3,100 million USD and 4,000 million USD. No clear trend is apparent, indicating stable expense accrual consistent with operational requirements.
- Current Liabilities
- Current liabilities show considerable variability, peaking sharply over 14,000 million USD around 2022 mid-year, after which the values decline and stabilize near 9,000 million USD in later periods. This pattern corresponds with changes in current debt and accrued expenses, suggesting active short-term liability management and refinancing activities.
- Long-term Debt
- Long-term debt remains high, between approximately 17,000 million USD and 27,000 million USD, with fluctuations reflecting debt issuance and repayments. Debt peaked around late 2024, near 27,680 million USD, after decreasing in earlier periods near 17,000 million USD in mid-2022. The fluctuations suggest active management of long-term financing.
- Accrued Compensation and Retirement Benefits (Noncurrent)
- This item generally trends downward from over 1,900 million USD in early periods to around 1,100–1,200 million USD in recent quarters, indicating possible settlements or changes in benefit obligations.
- Accrued Income Taxes (Noncurrent)
- Noncurrent accrued income taxes fluctuate mostly between 1,400 million USD and 2,900 million USD, with a noticeable decline beginning in 2021 and stabilizing below 2,000 million USD afterward. This decline may point to adjustments in deferred tax positions or tax-related liabilities.
- Deferred Tax Liabilities
- These liabilities show a steady decline over time from above 1,300 million USD to under 400 million USD in the latest periods, reflecting potentially lower deferred tax obligations or changes in tax regulations and asset valuations.
- Other Liabilities
- Other liabilities generally maintain a range between approximately 1,400 million USD and 1,800 million USD, with relatively minor fluctuations and no distinct upward or downward trend.
- Noncurrent Liabilities
- Noncurrent liabilities demonstrate a downward trend from over 33,800 million USD in early periods to near 28,000 million USD during mid-2024, followed by an increase back to approximately 32,500 million USD in the latest period. The pattern shows some cyclical adjustments in long-term obligations.
- Total Liabilities
- Total liabilities oscillate within a wide range, with peaks around 45,500 million USD in late 2020 and again around 43,000–44,000 million USD in 2024, while dipping below 38,500 million USD in mid-2022 and early 2023. This reflects the combined variability of current and noncurrent liabilities and active financial management.
- Additional Paid-in Capital
- This equity component remains relatively stable, with minor fluctuations around the 20,800 million USD to 26,600 million USD range. A general decline is observable starting in late 2023, possibly related to share repurchases or other equity transactions.
- Retained Earnings
- Retained earnings exhibit an overall upward trend, increasing from about 26,300 million USD to over 32,000 million USD through the periods. This consistent growth indicates sustained profitability and earnings retention.
- Accumulated Other Comprehensive Loss
- Accumulated other comprehensive loss fluctuates considerably, moving from approximately -2,500 million USD at the earliest period to losses exceeding -4,600 million USD in late 2024, followed by a slight recovery. The variability suggests changes in unrealized gains/losses on investments, foreign currency translation adjustments, or pension-related items.
- Shareholders’ Equity
- Shareholders’ equity mostly fluctuates between 47,900 million USD and 52,900 million USD, with small increments and decrements. The trend is relatively stable, without strong upward or downward movement, reflecting balanced retained earnings growth offset by other equity fluctuations.
- Noncontrolling Interests
- Noncontrolling interests slowly increase from around 130 million USD to over 230 million USD, indicating gradual changes in minority stakes or subsidiary ownership.
- Total Equity
- Total equity follows the pattern of shareholders’ equity and noncontrolling interests, mostly stable between 48,000 million USD and 53,000 million USD, with a mild dip around 2024 and slight recovery afterward.
- Total Liabilities and Equity
- The total sum of liabilities and equity is fairly consistent, hovering near 90,000 million USD across all periods, showing no major structural changes over time in the overall capitalization of the entity.