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.

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

US$ in thousands

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Short-term debt and current portion of long-term debt	4,700)	9,700)	153,100)	65,400)	56,100)
Accounts payable	529,900)	532,800)	378,000)	347,700)	393,700)
Accrued salaries, wages and employee benefits	144,200)	94,700)	91,500)	101,500)	101,600)
Accrued insurance	75,600)	73,300)	71,600)	68,100)	61,300)
Customer program incentives	87,800)	67,300)	40,700)	49,000)	52,400)
Accrued income taxes	4,500)	4,800)	4,600)	6,000)	3,400)
Contract liabilities, deferred revenue	45,800)	16,700)	30,900)	31,000)	27,700)
Customer refund liability	14,800)	16,700)	17,400)	19,000)	15,300)
Accrued warranties	20,200)	36,700)	28,700)	24,000)	33,500)
Current operating lease liabilities	30,500)	27,100)	32,100)	29,600)	—)
Other	130,500)	94,100)	99,600)	103,600)	94,300)
Other accrued liabilities	334,100)	263,400)	254,000)	262,200)	226,600)
Liabilities held for sale, current	—)	91,300)	—)	—)	—)
Current liabilities	1,088,500)	1,065,200)	948,200)	844,900)	839,300)
Long-term debt, excluding current portion	1,437,900)	1,435,500)	1,436,900)	1,506,000)	1,737,100)
Pensions	155,300)	189,800)	199,000)	198,500)	177,000)
Other post-employment benefits	14,300)	17,000)	21,200)	21,500)	23,700)
Deferred tax liabilities	113,800)	114,700)	135,300)	126,800)	120,000)
Accrued warranties long-term	26,000)	29,400)	51,800)	58,100)	59,200)
Non-current operating lease liabilities	84,900)	58,300)	74,900)	71,700)	—)
Other	111,300)	112,100)	132,400)	115,000)	116,900)
Other non-current liabilities	505,600)	521,300)	614,600)	591,600)	496,800)
Liabilities held for sale, non-current	—)	18,800)	—)	—)	—)
Non-current liabilities	1,943,500)	1,975,600)	2,051,500)	2,097,600)	2,233,900)
Total liabilities	3,032,000)	3,040,800)	2,999,700)	2,942,500)	3,073,200)
Common stock, par value $0.01	600)	600)	600)	600)	600)
Additional paid-in capital	—)	—)	4,900)	—)	1,300)
Retained earnings	2,705,500)	2,560,000)	2,393,700)	2,279,400)	2,064,400)
Accumulated other comprehensive loss	(345,200)	(330,800)	(329,200)	(332,900)	(285,700)
Total Hubbell Incorporated shareholders’ equity	2,360,900)	2,229,800)	2,070,000)	1,947,100)	1,780,600)
Noncontrolling interest	9,700)	10,900)	15,400)	13,400)	18,300)
Total equity	2,370,600)	2,240,700)	2,085,400)	1,960,500)	1,798,900)
Total liabilities and equity	5,402,600)	5,281,500)	5,085,100)	4,903,000)	4,872,100)

Based on: 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), 10-K (reporting date: 2018-12-31).

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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.	Hubbell Inc. current liabilities increased from 2020 to 2021 and from 2021 to 2022.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Hubbell Inc. non-current liabilities decreased from 2020 to 2021 and from 2021 to 2022.
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.	Hubbell Inc. total liabilities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Total Hubbell Incorporated 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.	Hubbell Inc. total Hubbell Incorporated shareholders’ equity increased from 2020 to 2021 and from 2021 to 2022.

Hubbell Inc. (NYSE:HUBB)

Balance Sheet: Liabilities and Stockholders’ Equity