Stock Analysis on Net
Stock Analysis on Net

Zoetis Inc. (NYSE:ZTS)

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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.

Zoetis Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in millions

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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 Oct 1, 2017 Jul 2, 2017 Apr 2, 2017 Dec 31, 2016 Oct 2, 2016 Jul 3, 2016 Apr 3, 2016 Dec 31, 2015 Sep 27, 2015 Jun 28, 2015 Mar 29, 2015
Short-term borrowings —  —  —  —  —  —  —  —  —  —  100  —  —  — 
Current portion of long-term debt 500  500  —  —  —  —  —  —  —  —  750  750  750  —  —  —  —  400  400  400  400 
Accounts payable 265  301  284  290  235  313  238  230  217  261  213  199  231  265  241  224  210  293  306  278  256 
Dividends payable 95  95  —  78  79  79  —  61  61  61  —  52  52  52  —  47  49  47  —  —  42 
Accrued expenses 476  543  451  443  448  487  425  434  419  432  413  406  383  464  457  512  552  676  599  627  426 
Accrued compensation and related items 212  276  217  178  200  266  226  160  182  236  202  163  183  224  204  164  166  234  197  165  173 
Income taxes payable 123  36  52  31  65  35  75  53  92  60  128  82  100  71  95  51  118  63  91  59  41 
Liabilities associated with assets held for sale —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other current liabilities 50  55  48  55  55  34  39  29  29  44  34  28  31  41  42  37  60  59  57  39  30 
Current liabilities 1,721  1,806  1,052  1,075  1,082  1,223  1,003  967  1,000  1,094  1,746  1,784  1,730  1,117  1,039  1,039  1,163  1,781  1,658  1,572  1,370 
Long-term debt, excluding current portion, net of discount and issuance costs 5,963  5,947  6,447  6,446  6,444  6,443  6,441  4,955  4,954  4,953  4,952  3,719  3,718  4,468  4,467  4,465  4,464  4,463  3,226  3,243  3,243 
Noncurrent deferred tax liabilities 421  434  473  446  464  474  446  229  246  380  269  261  272  244  266  292  270  264  227  234  256 
Noncurrent operating lease liabilities 159  164  169  169  134  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other taxes payable 260  257  255  251  261  265  250  266  304  172  89  83  79  73  93  115  123  63  63  59  57 
Other noncurrent liabilities 251  229  198  188  181  187  201  204  211  201  213  209  215  248  252  236  246  251  258  288  199 
Noncurrent liabilities 7,054  7,031  7,542  7,500  7,484  7,369  7,338  5,654  5,715  5,706  5,523  4,272  4,284  5,033  5,078  5,108  5,103  5,041  3,774  3,824  3,755 
Total liabilities 8,775  8,837  8,594  8,575  8,566  8,592  8,341  6,621  6,715  6,800  7,269  6,056  6,014  6,150  6,117  6,147  6,266  6,822  5,432  5,396  5,125 
Common stock, $0.01 par value
Treasury stock, at cost (2,252) (2,042) (1,876) (1,732) (1,593) (1,487) (1,345) (1,215) (1,005) (852) (733) (615) (510) (421) (351) (294) (245) (203) (150) (100) (49)
Additional paid-in capital 1,017  1,044  1,031  1,019  1,008  1,026  1,010  1,001  990  1,013  1,032  1,024  1,015  1,024  1,014  1,010  1,007  1,012  993  980  969 
Retained earnings 4,764  4,427  4,217  3,788  3,495  3,270  3,067  2,722  2,399  2,109  2,140  1,843  1,651  1,477  1,423  1,190  1,016  876  943  795  832 
Accumulated other comprehensive loss (781) (726) (699) (669) (598) (629) (619) (543) (429) (505) (455) (542) (552) (598) (506) (554) (618) (622) (562) (504) (479)
Total Zoetis Inc. equity 2,753  2,708  2,678  2,411  2,317  2,185  2,118  1,970  1,960  1,770  1,989  1,715  1,609  1,487  1,585  1,357  1,165  1,068  1,229  1,176  1,278 
Equity attributable to noncontrolling interests —  —  —  —  —  —  —  12  15  16  30  31  26  12  13  14  22  23  25  26  27 
Total equity 2,753  2,708  2,678  2,411  2,317  2,185  2,118  1,982  1,975  1,786  2,019  1,746  1,635  1,499  1,598  1,371  1,187  1,091  1,254  1,202  1,305 
Total liabilities and equity 11,528  11,545  11,272  10,986  10,883  10,777  10,459  8,603  8,690  8,586  9,288  7,802  7,649  7,649  7,715  7,518  7,453  7,913  6,686  6,598  6,430 

Based on: 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-13), 10-Q (filing date: 2019-11-07), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-14), 10-Q (filing date: 2018-11-01), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-02), 10-K (filing date: 2018-02-15), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-08), 10-Q (filing date: 2017-05-04), 10-K (filing date: 2017-02-16), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-05), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-05), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-07).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Zoetis Inc.’s current liabilities increased from Q3 2019 to Q4 2019 but then slightly decreased from Q4 2019 to Q1 2020.
Noncurrent liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Zoetis Inc.’s noncurrent liabilities decreased from Q3 2019 to Q4 2019 but then slightly increased from Q4 2019 to Q1 2020.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Zoetis Inc.’s total liabilities increased from Q3 2019 to Q4 2019 but then slightly decreased from Q4 2019 to Q1 2020.
Total Zoetis Inc. equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Zoetis Inc.’s total Zoetis Inc. equity increased from Q3 2019 to Q4 2019 and from Q4 2019 to Q1 2020.