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.

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

US$ in millions

	Oct 27, 2024	Oct 29, 2023	Oct 30, 2022	Oct 31, 2021	Oct 25, 2020	Oct 27, 2019
Short-term debt	100)	100)	—)	—)	—)	—)
Current portion of long-term debt	699)	—)	—)	—)	—)	600)
Accounts payable	1,570)	1,478)	1,755)	1,472)	1,124)	958)
Compensation and employee benefits	1,188)	1,024)	905)	924)	800)	559)
Warranty	364)	332)	286)	242)	201)	196)
Dividends payable	327)	267)	220)	214)	201)	192)
Income taxes payable	535)	282)	319)	734)	222)	160)
Operating lease liabilities, current	87)	84)	85)	73)	64)	—)
Finance lease liabilities, current	—)	102)	—)	—)	—)	—)
Other	749)	728)	667)	609)	526)	446)
Accounts payable and accrued expenses	4,820)	4,297)	4,237)	4,268)	3,138)	2,511)
Contract liabilities	2,849)	2,975)	3,142)	2,076)	1,321)	1,336)
Current liabilities	8,468)	7,372)	7,379)	6,344)	4,459)	4,447)
Long-term debt, net of current portion	5,460)	5,461)	5,457)	5,452)	5,448)	4,713)
Income taxes payable	670)	833)	964)	1,090)	1,206)	1,275)
Defined and postretirement benefit plans	142)	126)	107)	193)	241)	212)
Operating lease liabilities, non-current	259)	252)	287)	228)	195)	—)
Other	409)	336)	338)	271)	226)	163)
Other liabilities	810)	714)	732)	692)	662)	375)
Non-current liabilities	6,940)	7,008)	7,153)	7,234)	7,316)	6,363)
Total liabilities	15,408)	14,380)	14,532)	13,578)	11,775)	10,810)
Preferred stock: $.01 par value per share; no shares issued	—)	—)	—)	—)	—)	—)
Common stock: $.01 par value per share	8)	8)	8)	9)	9)	9)
Additional paid-in capital	9,660)	9,131)	8,593)	8,247)	7,904)	7,595)
Retained earnings	49,651)	43,726)	37,892)	32,246)	27,209)	24,386)
Treasury stock	(40,150)	(36,299)	(34,097)	(27,995)	(24,245)	(23,596)
Accumulated other comprehensive loss	(168)	(217)	(202)	(260)	(299)	(180)
Stockholders’ equity	19,001)	16,349)	12,194)	12,247)	10,578)	8,214)
Total liabilities and stockholders’ equity	34,409)	30,729)	26,726)	25,825)	22,353)	19,024)

Based on: 10-K (reporting date: 2024-10-27), 10-K (reporting date: 2023-10-29), 10-K (reporting date: 2022-10-30), 10-K (reporting date: 2021-10-31), 10-K (reporting date: 2020-10-25), 10-K (reporting date: 2019-10-27).

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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.	Applied Materials Inc. current liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Applied Materials Inc. non-current liabilities decreased from 2022 to 2023 and from 2023 to 2024.
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.	Applied Materials Inc. total liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Stockholders’ 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.	Applied Materials Inc. stockholders’ equity increased from 2022 to 2023 and from 2023 to 2024.

Applied Materials Inc. (NASDAQ:AMAT)

Balance Sheet: Liabilities and Stockholders’ Equity