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Twitter Inc. (NYSE:TWTR)

This company has been moved to the archive! The financial data has not been updated since July 26, 2022.

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

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

Microsoft Excel
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 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017
Accounts payable 1.13 1.40 1.45 1.43 2.12 1.47 1.45 1.84 1.29 1.36 1.27 1.30 1.65 1.54 1.43 1.20 1.82 1.83 2.31 1.46 1.54 1.25
Accrued and other current liabilities 4.98 5.45 6.53 11.58 5.06 4.57 4.96 4.77 4.26 2.73 3.94 3.84 3.42 3.21 3.99 3.90 3.96 4.03 4.42 4.19 4.41 4.68
Convertible notes, short-term 0.00 0.00 0.00 0.00 6.22 6.36 6.86 6.92 0.00 0.00 0.00 0.00 7.38 8.17 8.83 9.07 0.00 0.00 0.00 0.00 0.00 0.00
Operating lease liabilities, short-term 1.38 1.54 1.58 1.50 1.33 1.19 1.32 1.23 1.10 1.05 1.16 1.14 1.04 1.11 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Finance lease liabilities, short-term 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.02 0.06 0.10 0.18 0.29 0.36 0.52 0.67 0.78 0.93 1.15 1.15 1.16 1.15 1.16
Current liabilities 7.49% 8.39% 9.56% 14.50% 14.74% 13.59% 14.60% 14.78% 6.70% 5.24% 6.55% 6.57% 13.85% 14.55% 14.92% 14.96% 6.71% 7.01% 7.87% 6.80% 7.10% 7.09%
Convertible notes, long-term 26.24 26.28 25.31 24.38 23.20 23.71 14.02 14.20 21.80 19.98 14.30 15.47 14.16 15.72 17.03 17.55 28.90 21.89 21.96 22.68 22.73 22.64
Senior notes, long-term 12.40 12.42 4.94 4.76 4.53 4.63 5.18 5.29 5.52 5.11 5.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating lease liabilities, long-term 9.44 8.66 7.62 6.72 6.70 6.00 6.13 5.55 4.47 4.30 4.80 5.01 4.91 5.64 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Finance lease liabilities, long-term 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.03 0.06 0.13 0.24 0.38 0.60 0.95 1.10 1.21 1.20 1.13
Deferred and other long-term tax liabilities, net 0.30 0.30 0.29 0.27 0.27 0.21 0.24 0.22 0.21 0.19 0.19 0.18 0.19 0.18 0.18 0.21 0.19 0.21 0.18 0.17 0.13 0.12
Other long-term liabilities 0.44 0.37 0.31 0.21 0.22 0.22 0.27 0.26 0.27 0.21 0.19 0.20 0.20 0.18 0.66 0.70 0.73 0.83 0.81 0.89 0.93 0.97
Long-term liabilities 48.82% 48.04% 38.47% 36.34% 34.91% 34.78% 25.83% 25.53% 32.26% 29.80% 24.93% 20.88% 19.51% 21.85% 18.11% 18.84% 30.42% 23.88% 24.04% 24.95% 24.98% 24.86%
Total liabilities 56.31% 56.42% 48.03% 50.84% 49.64% 48.37% 40.43% 40.31% 38.97% 35.04% 31.48% 27.46% 33.36% 36.40% 33.03% 33.79% 37.13% 30.89% 31.91% 31.75% 32.09% 31.95%
Preferred stock, $0.000005 par value; none issued and outstanding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.000005 par value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 52.26 49.28 59.97 58.05 55.20 57.07 68.52 70.67 72.74 66.11 68.98 74.47 68.17 75.45 81.92 84.39 91.70 103.87 104.56 107.82 107.96 107.02
Treasury stock, at cost 0.00 0.00 -0.04 -0.04 -0.03 -0.04 -0.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Accumulated other comprehensive loss -1.48 -1.15 -0.83 -0.73 -0.58 -0.65 -0.49 -0.69 -0.74 -1.17 -0.56 -1.00 -0.37 -0.51 -0.64 -0.65 -0.64 -0.30 -0.43 -0.52 -0.67 -0.89
Retained earnings (accumulated deficit) -7.10 -4.55 -7.13 -8.12 -4.22 -4.76 -8.41 -10.30 -10.97 0.01 0.09 -0.92 -1.15 -11.33 -14.31 -17.54 -28.20 -34.47 -36.04 -39.05 -39.37 -38.09
Stockholders’ equity 43.69% 43.58% 51.97% 49.16% 50.36% 51.63% 59.57% 59.69% 61.03% 64.96% 68.52% 72.54% 66.64% 63.60% 66.97% 66.21% 62.87% 69.11% 68.09% 68.25% 67.91% 68.05%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31), 10-K (reporting date: 2018-12-31), 10-Q (reporting date: 2018-09-30), 10-Q (reporting date: 2018-06-30), 10-Q (reporting date: 2018-03-31), 10-K (reporting date: 2017-12-31), 10-Q (reporting date: 2017-09-30), 10-Q (reporting date: 2017-06-30), 10-Q (reporting date: 2017-03-31).

The capital structure exhibits a significant shift from equity-dominated financing toward an increased reliance on liabilities over the analyzed period. Total liabilities as a percentage of total liabilities and stockholders’ equity rose from approximately 32% in early 2017 to over 56% by mid-2022, reflecting a fundamental increase in financial leverage.

Liabilities Composition
Current liabilities remained relatively stable, generally fluctuating between 5% and 15% of the total balance sheet. In contrast, long-term liabilities demonstrated an aggressive growth trajectory, increasing from 24.86% in March 2017 to 48.82% by June 2022. This expansion suggests a strategic move toward long-term debt financing.
Debt Instruments and Obligations
Long-term convertible notes remained a primary component of the liability structure, though they were volatile, ranging from a low of 14.02% in late 2020 to 26.28% by March 2022. Senior notes were introduced in late 2019 at approximately 5.45% and saw a sharp increase to 12.4% by June 2022. Furthermore, long-term operating lease liabilities showed a consistent upward trend, rising from 5.64% in March 2019 to 9.44% by the end of the period.
Stockholders’ Equity Trends
Total stockholders’ equity experienced a steady decline, falling from 68.05% in March 2017 to 43.69% in June 2022. The most substantial change occurred in additional paid-in capital, which decreased from 107.02% to 52.26%. While the accumulated deficit showed significant improvement—moving from -38.09% in 2017 to a brief positive position of 0.09% in December 2019—it eventually reverted to a deficit of -7.10% by June 2022.
Short-term Liability Volatility
Short-term obligations exhibited periodic spikes, particularly in accrued and other current liabilities, which peaked at 11.58% in September 2021. Short-term convertible notes appeared intermittently, notably in late 2018 and throughout 2020 and 2021, indicating cycles of debt maturity or reclassification.

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