Stock Analysis on Net

Pfizer Inc. (NYSE:PFE)

$24.99

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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Pfizer Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

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Sep 28, 2025 Jun 29, 2025 Mar 30, 2025 Dec 31, 2024 Sep 29, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Oct 1, 2023 Jul 2, 2023 Apr 2, 2023 Dec 31, 2022 Oct 2, 2022 Jul 3, 2022 Apr 3, 2022 Dec 31, 2021 Oct 3, 2021 Jul 4, 2021 Apr 4, 2021 Dec 31, 2020 Sep 27, 2020 Jun 28, 2020 Mar 29, 2020
Short-term borrowings, including current portion of long-term debt
Trade accounts payable
Dividends payable
Income taxes payable
Accrued compensation and related items
Deferred revenues
Other current liabilities
Current liabilities
Long-term debt, excluding current portion
Pension and postretirement benefit obligations
Noncurrent deferred tax liabilities
Other taxes payable
Other noncurrent liabilities
Noncurrent liabilities
Total liabilities
Preferred stock
Common stock
Additional paid-in capital
Treasury stock
Retained earnings
Accumulated other comprehensive loss
Total Pfizer Inc. shareholders’ equity
Equity attributable to noncontrolling interests
Total equity
Total liabilities and equity

Based on: 10-Q (reporting date: 2025-09-28), 10-Q (reporting date: 2025-06-29), 10-Q (reporting date: 2025-03-30), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-29), 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: 2023-10-01), 10-Q (reporting date: 2023-07-02), 10-Q (reporting date: 2023-04-02), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-02), 10-Q (reporting date: 2022-07-03), 10-Q (reporting date: 2022-04-03), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-03), 10-Q (reporting date: 2021-07-04), 10-Q (reporting date: 2021-04-04), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-27), 10-Q (reporting date: 2020-06-28), 10-Q (reporting date: 2020-03-29).


Short-term borrowings, including current portion of long-term debt
The proportion of short-term borrowings as a percentage of total liabilities and equity experienced notable fluctuations. Initially decreasing from 9.62% in early 2020 to a low near 0.35% by April 2022, it subsequently rose with peaks approaching 5.52% in mid-2024 before declining slightly toward the most recent quarters. This indicates a variable reliance on short-term debt financing.
Trade accounts payable
Trade accounts payable remained relatively stable, fluctuating gently between approximately 2.18% and 3.45% of total liabilities and equity. A slight increase was observed around late 2020 to early 2022, followed by a modest decline, suggesting consistent supplier credit management.
Dividends payable
Dividends payable showed intermittent data points with values generally ranging from about 1.0% to 1.29%. The fluctuations lacked a clear trend but remained at modest levels, reflecting ongoing dividend obligations.
Income taxes payable
This liability demonstrated variability, with values mostly between 0.68% and 2.51%. Notably, it peaked in late 2020, indicating increased tax obligations, and stabilized afterward with moderate oscillations, suggesting fluctuating tax accruals over the periods.
Accrued compensation and related items
The relative size of accrued compensation liabilities exhibited some volatility, ranging mostly between 0.9% and 1.98%. There was a tendency for slight decreases toward mid-2023, followed by gradual increases, reflecting fluctuations in accrued employee expenses.
Deferred revenues
Data for deferred revenues began mid-2020, showing an overall downward trend from highs near 3.17% in late 2021 down to approximately 0.44% toward mid-2025, indicating decreasing amounts of revenue received but not yet earned.
Other current liabilities
This category exhibited an upward trend from about 5.7% in early 2020, peaking around 13.74% by the end of 2021, before decreasing again to levels near 7% to 9.6% in the latest periods. The pattern reflects changing short-term obligations outside of standard categories.
Current liabilities (aggregate)
Current liabilities as a whole fluctuated between approximately 14.48% and 24.28%. Peaks occurred around mid-2022, followed by a decline and then another rise by late 2023, demonstrating shifts in short-term obligations possibly tied to working capital management.
Long-term debt, excluding current portion
Long-term debt as a percentage of total liabilities and equity initially rose to almost 28.4% in mid-2020, then declined to near 16.7% by late 2022, before rebounding back to around 27.9% by mid-2025. This indicates significant fluctuations in long-term borrowing levels over the analysis period.
Pension and postretirement benefit obligations
This liability showed a clear declining trend, decreasing from approximately 3.9% in early 2020 to near 1.0% by 2025, suggesting a reduction in recognized pension and postretirement obligations relative to total liabilities and equity.
Noncurrent deferred tax liabilities
Values ranged between roughly 0.18% and 3.17%, with a significant drop after early 2021 to below 0.6%, followed by a gradual increase to near 1.2% by 2025, indicating adjustments in deferred tax liabilities over time.
Other taxes payable
Other taxes payable steadily declined from 7.34% in early 2020 to about 1.6% by mid-2025, reflecting a consistent decrease in this category.
Other noncurrent liabilities
This category saw gradual increases from about 3.8% up to peaks exceeding 7% in various later quarters, implying growth in other long-term obligations.
Noncurrent liabilities (aggregate)
Noncurrent liabilities decreased overall from above 45% in mid-2020 to about 29.56% by early 2023, then gradually increased to around 38% by 2025. This reflects significant reduction initially with subsequent partial recovery.
Total liabilities
Total liabilities as a proportion of total liabilities and equity decreased from around 63.7% in mid-2020 to a nadir near 48.25% in early 2023, before rising back near 56-60% in subsequent periods. This variation indicates shifting capital structure with varying debt levels.
Common stock
The proportion attributable to common stock steadily declined slightly within a narrow range from 0.28% down to approximately 0.22%, suggesting minimal changes in common stock equity relative to total liabilities and equity.
Additional paid-in capital
Additional paid-in capital showed an initial decrease from over 52% in early 2020 to around 41.9% by mid-2023, followed by a gradual recovery to approximately 45.6% by mid-2025, indicating fluctuations in equity capital contributions or retained earnings adjustments.
Treasury stock
The negative values for treasury stock indicate stock repurchases and fluctuated between roughly -71.96% and -50.55%. The least negative values appeared toward late 2023, implying some reduction in treasury stock holdings at that time, followed by a slight increase again.
Retained earnings
Retained earnings generally increased from around 56% early on to exceed 67% by early 2023, then declined to near 52% toward late 2023, with a moderate recovery in following quarters. This pattern reflects changes in accumulated net income available to shareholders.
Accumulated other comprehensive loss
This loss decreased in magnitude from about -7.9% to near -2.9% by early 2021, but subsequently fluctuated between approximately -4.2% and -3.5%. This suggests some stabilization in other comprehensive loss components.
Total shareholders’ equity
Total shareholders’ equity increased from about 36% in 2020 to above 51% by early 2023, before declining to about 39% in late 2023 and recovering moderately to approximately 44.5% by mid-2025. This exhibits volatility in equity proportions within the company's capital structure.
Total equity
Total equity followed a pattern similar to shareholders’ equity, rising initially from about 36% to over 51%, followed by a decline and then a modest rebound to above 44% by mid-2025, indicating shifts in equity financing relative to liabilities.