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.

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

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Accounts payable	8,868)	6,721)	3,520)	1,466)	2,790)
Debt, current portion	—)	—)	5,500)	3,300)	6,667)
Employee compensation	49,706)	32,885)	25,749)	10,885)	8,139)
Asset purchases	7,788)	4,600)	4,101)	2,527)	—)
Professional services	6,269)	4,044)	2,636)	1,325)	804)
Research and development costs	8,122)	4,007)	4,605)	3,057)	3,090)
Excise, sales, income and other taxes	12,320)	4,036)	1,232)	—)	—)
Sales and marketing	3,495)	2,012)	—)	—)	—)
Other	3,996)	3,791)	2,547)	2,148)	1,744)
Accrued liabilities	91,696)	55,375)	40,870)	19,942)	13,777)
Operating lease liability, current portion	3,641)	1,278)	1,738)	873)	774)
Current liabilities	104,205)	63,374)	51,628)	25,581)	24,008)
Operating lease liability, noncurrent portion	35,103)	34,928)	28,321)	7,488)	8,125)
Convertible debt, noncurrent portion	731,863)	—)	—)	—)	—)
Debt, noncurrent portion	—)	24,198)	11,630)	13,319)	7,152)
Related party contract liability, noncurrent portion	12,273)	12,273)	12,273)	—)	—)
Deferred tax liabilities	3,609)	—)	—)	—)	—)
Long-term income tax liability	1,526)	—)	—)	—)	—)
Other liabilities	9,307)	—)	—)	—)	—)
Noncurrent liabilities	793,681)	71,399)	52,224)	20,807)	15,277)
Total liabilities	897,886)	134,773)	103,852)	46,388)	39,285)
Preferred stock, $0.001 par value per share; no shares issued and outstanding	—)	—)	—)	—)	—)
Common stock, $0.001 par value per share	37)	36)	35)	35)	31)
Additional paid-in capital	557,882)	548,960)	494,806)	469,283)	370,561)
Accumulated other comprehensive income (loss)	293)	(867)	(202)	9)	35)
Retained earnings (accumulated deficit)	110,465)	(36,813)	(252,809)	(243,673)	(177,974)
Stockholders’ equity	668,677)	511,316)	241,830)	225,654)	192,653)
Total liabilities and stockholders’ equity	1,566,563)	646,089)	345,682)	272,042)	231,938)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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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.	Shockwave Medical Inc. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Noncurrent liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Shockwave Medical Inc. noncurrent liabilities increased 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.	Shockwave Medical Inc. total liabilities increased from 2021 to 2022 and from 2022 to 2023.
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.	Shockwave Medical Inc. stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.

Shockwave Medical Inc. (NASDAQ:SWAV)

Balance Sheet: Liabilities and Stockholders’ Equity