Stock Analysis on Net
Stock Analysis on Net

Airbnb Inc. (NASDAQ:ABNB)

$24.99

Common-Size Balance Sheet: Assets

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Airbnb Inc., common-size consolidated balance sheet: assets

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents
Short-term investments
Funds receivable and amounts held on behalf of customers
Customer receivables, net of reserve
Other
Prepaids and other current assets
Current assets
Deferred tax assets
Goodwill and intangible assets, net
Property and equipment, net
Operating lease right-of-use assets
Other
Other assets, noncurrent
Noncurrent assets
Total assets

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets shows a declining trend from 52.24% in 2020 to 32.75% in 2024. This indicates a considerable reduction in liquidity holdings as a part of the asset base over the analyzed period.
Short-term investments
Short-term investments as a percentage of total assets increased from 8.68% in 2020 to 17.88% in 2024, nearly doubling over five years. This suggests a strategic shift towards more investments in liquid or near-liquid financial instruments.
Funds receivable and amounts held on behalf of customers
There is a rising trend from 20.79% in 2020 to around 28.3% in 2024, indicating growing amounts receivable or held for customers. This category maintained a relatively high and stable proportion after 2021, signifying its importance in the asset structure.
Customer receivables, net of reserve
Customer receivables showed slight variability with a peak at 1% in 2022 and then declining to 0.7% by 2024. The overall proportion remains low, representing a small fraction of total assets, which could imply effective receivables management or low credit exposure.
Other current assets
The 'Other' current assets category fluctuated modestly, ending slightly higher at 2.34% in 2024 compared to 2.33% in 2020. Prepaids and other current assets similarly maintained a fairly steady range, slightly decreasing initially but rising again towards 3.04% in 2024.
Current assets
The share of current assets rose from 84.99% in 2020 to a peak of 92.66% in 2022, followed by a decline to 81.97% in 2024. This pattern suggests strong liquidity focus early on, but a partial reallocation toward noncurrent assets in later years.
Deferred tax assets
Deferred tax assets were minimal and relatively stable below 0.3% from 2020 through 2022 but surged sharply to a significant 13.95% in 2023 and slightly declined to 11.64% in 2024. This substantial increase reflects notable changes in tax positions or recognition of deferred tax benefits during this period.
Goodwill and intangible assets, net
This category decreased steadily from 6.97% in 2020 to 3.71% in 2024, indicating either amortization, impairment, or disposal of intangible assets, leading to reduced reliance on such assets for the company's value base.
Property and equipment, net
Property and equipment declined from 2.58% in 2020 to 0.7% in 2024, signaling reduced investment or depreciation outpacing capital expenditures in physical assets.
Operating lease right-of-use assets
These assets fell sharply from 3.66% in 2020 to around 0.69% in 2024, reflecting changes in leasing strategy or lease terminations reducing this asset component.
Other noncurrent assets
Other noncurrent assets decreased from 7.8% in 2020 to a low of 2.24% in 2023, with a slight rebound to 2.69% in 2024. The declining trend suggests divestitures or reclassifications away from other long-term assets.
Noncurrent assets overall
Noncurrent assets as a whole declined from 15.01% in 2020 to 7.34% in 2022 but then surged to 20.03% in 2023 before slightly falling back to 18.03% in 2024. The large increase in 2023 is mainly attributable to the rise in deferred tax assets, indicating a restructuring or tax-related adjustment impacting the asset mix significantly.
Total assets composition
Total assets maintain a consistent 100% representation across all periods, as expected. The shifting proportions among current and noncurrent assets demonstrate an evolving asset allocation strategy with a general trend towards increased investment in short-term financial instruments and tax assets, coupled with declines in physical and intangible assets.