Stock Analysis on Net
Stock Analysis on Net

Airbnb Inc. (NASDAQ:ABNB)

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Common-Size Balance Sheet: Liabilities and Stockholders’ Equity

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Airbnb Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Non-income taxes payable and withholding tax reserves
Compensation and employee benefits
Accounts payable
Operating lease liabilities, current
Derivative warrant liability
Current portion of long-term debt
Accrued interest expense
Other includes gift card and foreign exchange derivative contract liabilities
Accrued expenses, accounts payable, and other current liabilities
Funds payable and amounts payable to customers
Unearned fees
Current liabilities
Long-term debt, net of current portion
Operating lease liabilities, noncurrent
Other
Other liabilities, noncurrent
Noncurrent liabilities
Total liabilities
Common stock, $0.0001 par value
Additional paid-in capital
Accumulated other comprehensive income (loss)
Accumulated deficit
Stockholders’ equity
Total liabilities and stockholders’ equity

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).

The analysis of the financial item percentages relative to total liabilities and stockholders’ equity over the investigated five-year period reveals several notable trends.

Current Liabilities

The proportion of current liabilities remained relatively stable, fluctuating between approximately 46% and 49%, with a slight decrease observed from 48.99% in 2020 to 48.48% in 2024. Within this category, specific components showed varied patterns:

Funds payable and amounts payable to customers increased steadily from 20.79% in 2020 to a peak of 29.82% in 2022, followed by a modest decline to about 28.3% by 2024, indicating growing obligations towards customers over most of the period.

Unearned fees rose consistently from 3.89% in 2020, reaching 7.71% in 2024, suggesting increasing deferred revenue or fees collected but not yet earned.

Accrued expenses, accounts payable, and other current liabilities declined sharply from 24.31% in 2020 to around 12.47% in 2024, nearly halving during the period, reflecting changes in operational or expense recognition timing.

Accounts payable itself maintained a narrow range near 0.68% to 0.86%, showing minimal volatility.

Operating lease liabilities (current portion) steadily decreased from 0.54% to 0.30%, indicating a declining short-term lease obligation.

Noncurrent Liabilities

Noncurrent liabilities as a whole exhibited a decreasing trend from 23.35% in 2020 to 11.38% in 2024, suggesting a reduction in long-term obligations.

More specifically, long-term debt net of current portion shrank significantly from 17.31% in 2020 to below 10% (9.52%) by 2024, reflecting debt repayment or refinancing activities.

Operating lease liabilities (noncurrent) dropped from 4.11% to 1.13%, mirroring the reduction seen in current lease liabilities and indicating a broader trend of decreasing lease commitments.

Other liabilities, noncurrent, also diminished from 6.05% to 1.87%, further contributing to the overall noncurrent liabilities decline.

Other Liabilities and Expense Reserves

Non-income taxes payable and withholding tax reserves increased steadily from 3.26% in 2020 to a peak of 5.42% in 2023, before slightly declining to 5.03% in 2024, indicating a growing tax-related liability over most of the period.

Compensation and employee benefits obligations decreased from 3.62% in 2020 to a low of 2.11% in 2023, with a modest rebound to 2.38% in 2024, reflecting possible changes in workforce costs or accrual practices.

Other current liabilities related to gift cards and foreign exchange derivative contracts fell from 6.49% to 4.08%, showing a decline in these specific liabilities.

Derivative and Debt Liabilities

The derivative warrant liability, significant at 9.39% in 2020, shows no reported values beyond that year, suggesting possible settlement, reclassification, or cessation.

Other smaller liabilities such as current portion of long-term debt and accrued interest expense were only reported in 2020 and have no subsequent values, indicating changes in the reporting or liability structure.

Stockholders’ Equity

Stockholders’ equity as a percentage of total liabilities and stockholders’ equity increased steadily from 27.66% in 2020 to 40.14% in 2024, representing an improved equity position.

Additional paid-in capital decreased from 84.88% to 60.13%, indicating possible utilization or adjustment of capital accounts, although still representing a substantial portion of total equity and liabilities.

The accumulated deficit showed a marked improvement, decreasing in negative magnitude from -57.24% in 2020 to -20.16% in 2024, signifying a reduction in cumulative losses.

Accumulated other comprehensive income (loss) varied slightly, moving from a marginal positive 0.03% to a small negative and then positive again, remaining close to zero and suggesting minimal impact on the overall equity composition.

Overall Balance Sheet Composition

Total liabilities declined from a high of 72.34% in 2020 to around 59.86% in 2024, signifying strengthening of the equity base in the firm's capital structure.

The consistent total of 100% for liabilities and stockholders’ equity each year confirms the data’s completeness in representing the full balance sheet structure.