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
- Cash Flow Statement
- Common-Size Income Statement
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Dividend Discount Model (DDM)
- Debt to Equity since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Sherwin-Williams Co., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in thousands
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 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: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Short-term borrowings
- The values display significant volatility, with notable spikes at March 31, 2022 (US$1,739,700 thousand), December 31, 2024 (US$1,798,500 thousand), and March 31, 2025 (US$1,798,500 thousand). Earlier periods show much lower borrowings, especially between mid-2020 and late 2021.
- Accounts payable
- Accounts payable generally increased from early 2020 through March 31, 2022, reaching peaks above US$2,800,000 thousand, before declining in subsequent quarters. The trend indicates rising payables in the earlier part of the timeline, with some decrease and moderate fluctuations thereafter.
- Compensation and taxes withheld
- There is a pattern of strong quarterly fluctuations, with several peaks occurring toward the end of calendar years, such as December 31, 2020 and 2022. The amounts oscillate between approximately US$438,000 thousand and US$862,700 thousand, indicating variability in these obligations across quarters.
- Accrued taxes
- Accrued taxes reveal volatility with marked increases at certain points, for example, March 31, 2021 (US$282,600 thousand) and September 30, 2023 (US$379,800 thousand). However, the overall trend appears relatively stable with some cyclical rises and falls.
- Current portion of long-term debt
- This item shows irregular behavior with sharp increases in long-term debt maturing within the year starting from March 31, 2021 onward, peaking at over US$1,100,000 thousand in multiple quarters of 2023 and 2024. Earlier periods had minimal values, reflecting restructuring or refinancing activities.
- Current portion of operating lease liabilities
- This figure demonstrates a gradual, consistent increase over the period, moving from approximately US$371,100 thousand in March 2020 to US$470,100 thousand by March 2025, indicating expanding lease obligations.
- Other accruals
- Other accruals exhibit a rising trend, starting near US$865,200 thousand and increasing overall to peaks above US$1,360,200 thousand, with some quarters showing temporary declines. This reflects growing miscellaneous liabilities or provisions.
- Current liabilities
- Current liabilities generally increased over the observed period with fluctuations. A substantial rise is seen from December 31, 2021 to March 31, 2025, reaching nearly US$7,876,700 thousand. The trend points to increasing short-term obligations.
- Long-term debt, excluding current portion
- Long-term debt fluctuates, peaking at nearly US$9,600,000 thousand around late 2022 and early 2023, then declining to about US$7,827,100 thousand by March 31, 2025, suggesting active debt management and paydown in recent periods.
- Postretirement benefits other than pensions
- This liability gradually decreased throughout the period from US$262,800 thousand to US$120,700 thousand, indicating a reduction in postretirement benefit obligations.
- Deferred income taxes
- Deferred income taxes showed a declining trend from nearly US$949,500 thousand at the start to US$586,000 thousand by the end, with some variability in between, signaling changes in tax positions.
- Long-term operating lease liabilities, excluding current portion
- These liabilities increased steadily from approximately US$1,373,700 thousand to US$1,573,400 thousand, indicating growth in lease commitments over the longer term.
- Other long-term liabilities
- Other long-term liabilities consistently grew from roughly US$1,185,800 thousand to US$2,522,100 thousand, reflecting increasing obligations or contingent liabilities over time.
- Long-term liabilities (total)
- There is a general increase in long-term liabilities from over US$12,000,000 thousand in early periods peaking over US$13,500,000 thousand, then slightly stabilizing around US$12,600,000 thousand toward the end.
- Total liabilities
- Total liabilities fluctuate but trend upward from approximately US$17,281,200 thousand in early 2020 to over US$20,500,000 thousand by March 31, 2025, highlighting an overall increase in company obligations.
- Common stock, $0.33-1/3 par value
- Common stock remains essentially stable throughout, with a slight incremental rise from US$119,700 thousand to US$92,600 thousand due to standard share issuance or minor adjustments.
- Other capital
- Other capital steadily grows from US$3,215,500 thousand to US$4,622,400 thousand, indicating ongoing capital injections or retained capital accumulation.
- Retained earnings
- Retained earnings show a steady and significant upward trajectory from approximately US$7,562,700 thousand to US$7,549,800 thousand, suggesting consistent profitability or earnings retention despite some fluctuations.
- Treasury stock, at cost
- Treasury stock increases in absolute value (more negative), from roughly negative US$6,707,700 thousand to negative US$7,361,800 thousand, showing enhanced buyback activities or shares held in treasury.
- Accumulated other comprehensive loss
- This loss fluctuates with considerable volatility and lacks a clear direction, moving between approximately negative US$665,800 thousand to negative US$875,200 thousand, reflecting changing unrealized gains/losses or other comprehensive income components.
- Shareholders’ equity
- Shareholders’ equity varies but tends to increase overall from about US$3,289,100 thousand to over US$4,130,100 thousand, with some dips in between. This reflects a modest strengthening of the net asset position over the period.
- Total liabilities and shareholders’ equity
- There is an upward trend in total capitalization from about US$20,570,300 thousand to US$24,636,100 thousand, representing growth in the company's financing structure.