Stock Analysis on Net
Stock Analysis on Net

Twitter Inc. (NYSE:TWTR)

$22.49

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

Balance Sheet: Liabilities and Stockholders’ Equity

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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Twitter Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Accounts payable
Accrued compensation
Federal Trade Commission accrual
Deferred revenue
Accrued tax liabilities
Accrued publisher, content and ad network costs
Accrued professional services
Accrued other
Accrued and other current liabilities
Convertible notes, short-term
Operating lease liabilities, short-term
Finance lease liabilities, short-term
Current liabilities
Convertible notes, long-term
Senior notes, long-term
Operating lease liabilities, long-term
Finance lease liabilities, long-term
Deferred and other long-term tax liabilities, net
Other long-term liabilities
Long-term liabilities
Total liabilities
Preferred stock, $0.000005 par value; none issued and outstanding
Common stock, $0.000005 par value
Additional paid-in capital
Treasury stock, at cost
Accumulated other comprehensive loss
Retained earnings (accumulated deficit)
Stockholders’ equity
Total liabilities and stockholders’ equity

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

The financial data exhibits notable trends in liabilities and equity over the five-year period.

Current Liabilities
Current liabilities showed significant volatility. After a substantial increase from approximately 583 million USD at the end of 2017 to over 1.5 billion USD in 2018, the figure dropped notably in 2019 to about 832 million USD. A sharp rise followed in 2020, reaching nearly 2 billion USD, before declining again to around 1.34 billion USD in 2021. This fluctuation is influenced by variations in several components such as accrued and other current liabilities, accounts payable, and short-term convertible notes.
Accrued and Other Current Liabilities
This category consistently increased across the period, from roughly 327 million USD in 2017 to about 918 million USD in 2021, reflecting a growing accrual of expenses and obligations. Noteworthy increases occurred in accrued compensation, which more than tripled from approximately 98 million USD in 2017 to over 325 million USD in 2021.
Long-Term Liabilities
Long-term liabilities rose markedly, especially from 2019 onwards. The figure nearly doubled from approximately 1.78 billion USD in 2017 to over 5.4 billion USD by the end of 2021. Significant contributors include long-term convertible notes, which more than doubled between 2020 (about 1.88 billion USD) and 2021 (approximately 3.56 billion USD), and operating lease liabilities, which similarly expanded during this time frame.
Total Liabilities
The overall liabilities exhibited a sustained upward trajectory, progressing from around 2.37 billion USD in 2017 to roughly 6.75 billion USD at the close of 2021. This growth correlates with increases in both current and long-term liabilities, indicating rising financial obligations.
Stockholders’ Equity
Stockholders’ equity demonstrated growth from 2017 through 2019, increasing from approximately 5.05 billion USD to over 8.7 billion USD. However, a decline is evident in 2020 and 2021, with equity decreasing to about 7.3 billion USD by the end of 2021. The retained earnings line shows significant variability, moving from a large accumulated deficit in 2017 to a slightly positive position in 2019 and back to negative values in subsequent years, which may reflect profitability challenges or other comprehensive losses.
Other Equity Elements
Additional paid-in capital consistently increased until 2020, peaking at over 9.1 billion USD, before declining in 2021. Treasury stock values were recorded as modest negative figures in 2020 and 2021, denoting repurchased stock. Accumulated other comprehensive loss worsened over the period, increasing in absolute terms from approximately -31.6 million USD in 2017 to about -117.3 million USD in 2021, indicating adverse effects from items excluded from net income, such as foreign currency translation or pension adjustments.
Revenue-Linked Liabilities
Deferred revenue saw an upward movement with fluctuations, increasing significantly from about 27.8 million USD at the end of 2017 to over 78.5 million USD in 2021, suggesting growth in prepayments or liabilities related to future service delivery.

Overall, the data reflects increasing financial leverage and obligations over the period, with expanded liabilities—particularly long-term—and volatile equity positions. The substantial growth in accrued compensation and other accruals suggests rising operating expenses or workforce-related costs. The marked increase in convertible notes, both short-term and long-term, points to reliance on debt financing. Negative trends in retained earnings and comprehensive loss may require further examination regarding profitability and broader financial health.