Stock Analysis on Net

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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.

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

US$ in millions

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Short-term borrowings 3 2 1 1 10 17 12 14 16 17 9 34 54 64 6 306 499
Current portion of long-term debt and finance lease obligations 12,570 12,586 10,193 7,191 5,113 5,203 2,800 4,135 9,197 11,913 9,940 12,481 6,656 7,884 11,338 8,468 4,723 5,307 3,756 3,753 5,276 5,335 1,579
Accounts payable and accrued liabilities 30,492 29,329 31,326 30,650 29,658 27,036 24,789 25,402 23,505 22,543 22,569 22,699 21,861 20,783 20,604 20,159 19,404 19,275 12,709 11,832 12,217 11,300 11,826
Current liabilities 43,062 41,915 41,522 37,841 34,773 32,239 27,590 29,538 32,712 34,473 32,521 35,194 28,533 28,684 31,951 28,661 24,181 24,646 16,471 15,585 17,493 16,941 13,904
Long-term debt and finance lease obligations, excluding current portion 58,509 58,048 63,805 52,194 55,631 55,812 59,292 59,135 60,399 61,002 63,522 64,189 74,049 74,237 74,183 77,554 82,282 82,061 63,284 62,975 33,126 31,619 35,066
Deferred income taxes 2,749 2,726 2,722 1,952 2,044 2,124 2,110 2,190 1,972 2,255 2,831 3,009 3,602 3,661 3,768 3,646 4,485 4,785 959 1,130 1,058 1,148 1,116
Other long-term liabilities 33,031 32,427 32,778 32,327 31,644 32,294 32,249 30,655 30,215 30,768 28,023 28,701 29,097 28,796 26,866 27,607 23,384 23,306 17,900 17,597 15,990 16,000 14,509
Long-term liabilities 94,289 93,201 99,305 86,473 89,319 90,230 93,651 91,980 92,586 94,025 94,376 95,899 106,748 106,694 104,817 108,807 110,151 110,152 82,143 81,702 50,174 48,767 50,691
Total liabilities 137,351 135,116 140,827 124,314 124,092 122,469 121,241 121,518 125,298 128,498 126,897 131,093 135,281 135,378 136,768 137,468 134,332 134,798 98,614 97,287 67,667 65,708 64,595
Common stock, $0.01 par value 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18 18
Common stock held in treasury, at cost (7,848) (7,838) (7,829) (6,533) (6,525) (6,528) (6,524) (4,594) (4,590) (4,591) (4,585) (3,143) (3,020) (3,022) (3,017) (2,264) (1,972) (1,958) (25,110) (24,504) (24,501) (24,505) (24,502)
Additional paid-in-capital 21,160 20,879 20,656 20,180 20,021 19,839 19,619 19,245 19,056 18,906 18,731 18,305 18,108 17,936 17,712 17,384 17,148 16,953 15,401 15,193 15,112 15,028 14,940
Retained earnings (accumulated deficit) (4,964) (3,768) (2,384) (1,000) 933 1,789 2,393 4,784 4,953 3,516 5,103 3,127 1,600 740 2,292 1,055 3,335 3,130 5,973 4,717 3,673 3,384 4,234
Accumulated other comprehensive loss (2,334) (2,513) (2,454) (2,305) (2,353) (2,252) (2,232) (2,199) (3,443) (3,196) (2,984) (2,899) (3,156) (3,103) (3,295) (3,117) (3,259) (3,435) (3,697) (3,596) (2,528) (2,491) (2,516)
Stockholders’ equity (deficit) 6,032 6,778 8,007 10,360 12,094 12,866 13,274 17,254 15,994 14,653 16,283 15,408 13,550 12,569 13,710 13,076 15,270 14,708 (7,415) (8,172) (8,226) (8,566) (7,826)
Noncontrolling interest 39 43 40 37 35 32 29 33 33 35 31 28 27 25 23 21 19 24
Total equity (deficit) 6,071 6,821 8,047 10,397 12,129 12,898 13,303 17,287 16,027 14,688 16,314 15,436 13,577 12,594 13,733 13,097 15,289 14,732 (7,415) (8,172) (8,226) (8,566) (7,826)
Total liabilities and equity (deficit) 143,422 141,937 148,874 134,711 136,221 135,367 134,544 138,805 141,325 143,186 143,211 146,529 148,858 147,972 150,501 150,565 149,621 149,530 91,199 89,115 59,441 57,142 56,769

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

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. AbbVie Inc. current liabilities increased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. AbbVie Inc. long-term liabilities decreased from Q1 2024 to Q2 2024 but then slightly increased from Q2 2024 to Q3 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. AbbVie Inc. total liabilities decreased from Q1 2024 to Q2 2024 but then slightly increased from Q2 2024 to Q3 2024.
Stockholders’ equity (deficit) 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. AbbVie Inc. stockholders’ equity (deficit) decreased from Q1 2024 to Q2 2024 and from Q2 2024 to Q3 2024.