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.

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

US$ in millions

	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Short-term debt and current maturities of long-term debt	161)	906)	704)	997)	903)
Accounts payable	1,139)	816)	466)	454)	536)
Self-insurance accruals	68)	51)	54)	59)	46)
Accrued compensation and benefit costs	207)	187)	79)	86)	127)
Property and income taxes payable	113)	42)	45)	26)	103)
Restructuring reserves	6)	10)	19)	20)	31)
Interest payable	152)	126)	133)	142)	147)
Deferred revenue	131)	83)	51)	55)	56)
National accounts accrual	120)	95)	84)	87)	69)
Current operating lease liability	211)	202)	178)	178)	—)
Other	137)	85)	77)	94)	98)
Accrued expenses and other liabilities	1,145)	881)	720)	747)	677)
Current liabilities	2,445)	2,603)	1,890)	2,198)	2,116)
Long-term debt, excluding current maturities	11,209)	8,779)	8,978)	10,431)	10,844)
Deferred taxes	2,671)	2,154)	1,768)	1,887)	1,687)
Long-term operating lease liabilities	642)	621)	549)	533)	—)
Self-insurance accruals	109)	100)	73)	62)	60)
Income taxes payable	11)	5)	5)	14)	14)
Accrued compensation and benefit costs	34)	39)	60)	15)	9)
Other long-term liabilities	154)	144)	138)	91)	83)
Long-term liabilities	14,676)	11,698)	11,433)	12,942)	12,614)
Total liabilities	17,121)	14,301)	13,323)	15,140)	14,730)
Common stock, $0.01 par value	1)	1)	1)	1)	1)
Additional paid-in capital	2,626)	2,567)	2,482)	2,440)	2,408)
Retained earnings	9,656)	7,551)	6,165)	5,275)	4,101)
Treasury stock at cost	(4,957)	(3,957)	(3,957)	(3,700)	(2,870)
Accumulated other comprehensive loss	(264)	(171)	(146)	(186)	(237)
Stockholders’ equity	7,062)	5,991)	4,545)	3,830)	3,403)
Total liabilities and stockholders’ equity	24,183)	20,292)	17,868)	18,970)	18,133)

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.	United Rentals Inc. current liabilities increased from 2020 to 2021 but then slightly decreased from 2021 to 2022.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	United Rentals Inc. long-term liabilities increased 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.	United Rentals Inc. total liabilities increased from 2020 to 2021 and from 2021 to 2022.
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.	United Rentals Inc. stockholders’ equity increased from 2020 to 2021 and from 2021 to 2022.

United Rentals Inc. (NYSE:URI)

Balance Sheet: Liabilities and Stockholders’ Equity