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.

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

US$ in thousands

	Oct 28, 2023	Oct 29, 2022	Oct 30, 2021	Oct 31, 2020	Nov 2, 2019	Nov 3, 2018
Accounts payable	493,041)	582,160)	443,434)	227,273)	225,270)	260,919)
Deferred income on shipments to distributors, net	—)	—)	—)	—)	—)	487,417)
Income taxes payable	309,046)	265,845)	332,685)	182,080)	187,879)	93,722)
Debt, current	499,052)	—)	516,663)	—)	299,667)	67,000)
Commercial paper notes	547,224)	—)	—)	—)	—)	—)
Distributor price adjustments and other revenue reserves	525,405)	749,402)	664,198)	257,343)	227,020)	—)
Accrued compensation and benefits	308,001)	465,536)	381,678)	203,675)	168,471)	254,932)
Accrued special charges	124,291)	54,699)	46,839)	69,439)	64,418)	15,153)
Interest rate swap	81,602)	—)	—)	214,586)	138,798)	—)
Current operating lease liabilities	64,745)	53,628)	52,576)	39,923)	—)	—)
Accrued interest	40,412)	33,298)	29,361)	56,083)	61,255)	64,974)
Accrued taxes	36,649)	22,815)	29,321)	—)	—)	—)
Accrued withholdings related to ESPP	32,441)	28,131)	—)	—)	—)	—)
Other	139,062)	187,141)	273,557)	114,584)	135,854)	162,021)
Accrued liabilities	1,352,608)	1,594,650)	1,477,530)	955,633)	795,816)	497,080)
Current liabilities	3,200,971)	2,442,655)	2,770,312)	1,364,986)	1,508,632)	1,406,138)
Long-term debt, excluding current	5,902,457)	6,548,625)	6,253,212)	5,145,102)	5,192,252)	6,265,674)
Deferred income taxes	3,127,852)	3,622,538)	3,938,830)	1,919,595)	2,088,212)	927,065)
Income taxes payable	417,076)	707,846)	811,337)	591,780)	654,420)	710,179)
Other non-current liabilities	581,000)	515,363)	555,838)	449,195)	239,937)	152,183)
Non-current liabilities	10,028,385)	11,394,372)	11,559,217)	8,105,672)	8,174,821)	8,055,101)
Total liabilities	13,229,356)	13,837,027)	14,329,529)	9,470,658)	9,683,453)	9,461,239)
Preferred stock, $1.00 par value, none outstanding	—)	—)	—)	—)	—)	—)
Common stock, $0.16 2/3 par value	82,712)	84,880)	87,554)	61,582)	61,385)	61,694)
Capital in excess of par value	25,313,914)	27,857,270)	30,574,237)	4,949,586)	4,936,349)	5,282,222)
Retained earnings	10,356,798)	8,721,325)	7,517,316)	7,236,238)	6,899,253)	5,703,064)
Accumulated other comprehensive loss	(188,302)	(198,152)	(186,565)	(249,461)	(187,799)	(58,440)
Shareholders’ equity	35,565,122)	36,465,323)	37,992,542)	11,997,945)	11,709,188)	10,988,540)
Total liabilities and shareholders’ equity	48,794,478)	50,302,350)	52,322,071)	21,468,603)	21,392,641)	20,449,779)

Based on: 10-K (reporting date: 2023-10-28), 10-K (reporting date: 2022-10-29), 10-K (reporting date: 2021-10-30), 10-K (reporting date: 2020-10-31), 10-K (reporting date: 2019-11-02), 10-K (reporting date: 2018-11-03).

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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.	Analog Devices Inc. current liabilities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Analog Devices Inc. non-current liabilities decreased from 2021 to 2022 and from 2022 to 2023.
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.	Analog Devices Inc. total liabilities decreased from 2021 to 2022 and from 2022 to 2023.
Shareholders’ 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 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.	Analog Devices Inc. shareholders’ equity decreased from 2021 to 2022 and from 2022 to 2023.

Analog Devices Inc. (NASDAQ:ADI)

Balance Sheet: Liabilities and Stockholders’ Equity