The balance sheet shows XYZ Corp's assets, liabilities, and equity for the periods ending December 31st, 2005, 2004, and 2003. Total assets grew from $174 million in 2003 to $208 million in 2005, with increases in cash, receivables, inventory, and long-term investments. Total liabilities remained steady between $93-97 million. Stockholder equity increased from $90 million to $111 million over the period due to growth in retained earnings partially offset by increases in treasury stock.