Stock Analysis on Net

Amphenol Corp. (NYSE:APH)

$22.49

This company has been moved to the archive! The financial data has not been updated since April 26, 2024.

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.

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Amphenol Corp., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

US$ in thousands

Microsoft Excel
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
Accounts payable
Accrued salaries, wages and employee benefits
Accrued income taxes
Accrued dividends
Other accrued expenses
Current portion of long-term debt
Current liabilities held for sale
Current liabilities
Long-term debt, less current portion
Accrued pension and postretirement benefit obligations
Deferred income taxes
Other long-term liabilities
Long-term liabilities
Total liabilities
Redeemable noncontrolling interests
Common stock
Additional paid-in capital
Retained earnings
Treasury stock, at cost
Accumulated other comprehensive loss
Stockholders’ equity attributable to Amphenol Corporation
Noncontrolling interests
Total equity
Total liabilities, redeemable noncontrolling interests and equity

Based on: 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).


Liabilities
The total liabilities experienced a generally increasing trend from March 2019 to March 2021, rising from approximately $6.0 billion to $8.8 billion, before declining somewhat to $7.96 billion by March 2024. Current liabilities increased notably reaching a peak around December 2023 at $3.15 billion, with fluctuations related mainly to accounts payable and accrued expenses. Long-term liabilities showed volatility, peaking in March 2020 at $5.46 billion, followed by gradual declines and stabilization at approximately $4.53 billion in March 2024. The current portion of long-term debt showed irregular patterns, with significant spikes in various quarters, such as March 2019 and December 2023, indicating refinancing or debt maturity cycles.
Accruals and Payables
Accounts payable demonstrated steady growth over the period with some oscillations, increasing from about $797 million in early 2019 to over $1.26 billion in the first quarter of 2024. Accrued salaries, wages, and employee benefits also surged, particularly notable during 2021 to 2023, rising from approximately $151 million to $351 million, possibly reflecting increased staffing levels or wage inflation. Accrued income taxes fluctuated without a clear trend, peaking at $169 million in December 2022 but decreasing thereafter. Other accrued expenses generally rose over time, indicating increasing operational costs or provisions.
Debt Structure
Long-term debt (excluding current portion) showed growth until mid-2021, reaching nearly $5.0 billion, followed by a declining trend to about $3.56 billion by March 2024, suggesting debt repayments or refinancing activities. The current portion of long-term debt was highly variable, with prominent spikes indicating shifting debt maturities or repayments in short-term liabilities.
Equity Components
Total equity steadily increased from $4.17 billion in March 2019 to $8.73 billion by March 2024, reflecting growth in retained earnings and additional paid-in capital. Retained earnings rose consistently, suggesting ongoing profitability and earnings retention, while additional paid-in capital also increased steadily, indicative of possible equity issuances or stock-based compensation. Treasury stock fluctuated but generally became more negative over time, peaking in negative value around late 2022, which may correspond to share repurchases.
Comprehensive Income and Income Taxes
The accumulated other comprehensive loss displayed significant volatility, with a peak loss of over $672 million in September 2022, declining and rising again toward March 2024, suggesting exposure to market or actuarial losses. Accrued income taxes varied irregularly, potentially influenced by fluctuating taxable income or tax payments timing.
Other Observations
Common stock remained stable at $300 thousand until mid-2020, increasing to $600 thousand thereafter, possibly due to stock splits or reclassifications. Noncontrolling interests showed moderate growth and some fluctuations, up from $47 million to approximately $52 million. Redeemable noncontrolling interests appeared from late 2020 and rose gradually to $31 million by March 2024. The presence of current liabilities held for sale in mid-2021 suggests divestiture activities during that period.
Overall Trends
Overall, the data reflects a company managing increasing scale and complexity, with growth in both assets and liabilities, accompanied by stronger equity positions. Debt levels show active management with phases of accumulation and reduction. Operating liabilities such as accounts payable and accrued expenses rose steadily, consistent with expanding operations. The increase in accrued salaries and benefits along with comprehensive loss fluctuations highlight operational and market challenges faced in recent years. The equity growth, largely driven by retained earnings and capital contributions, underlines sustained profitability and shareholder value enhancement.