Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Airbnb Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).
- Current liabilities
- The proportion of current liabilities relative to total liabilities and stockholders’ equity shows a fluctuating pattern. It ranged from a low of approximately 45.81% in September 2023 to highs above 64% in June 2023 and March 2025. Overall, current liabilities represent a significant portion of the company's obligations, with peaks and troughs suggesting periodic changes in short-term obligations or operating cycle dynamics.
- Accrued expenses, accounts payable, and other current liabilities
- These liabilities as a percentage of total liabilities and stockholders’ equity varied between roughly 9.66% and 14.01%. There is no consistent upward or downward trend, but notable peaks occur during September 2024 and December 2023, indicating occasional increases in accrued expenses and payables, potentially due to seasonal or operational factors.
- Funds payable and amounts payable to customers
- This category exhibits high volatility. Values span from around 27.92% to over 43%, with a pattern of recurring peaks approximately every four to six quarters (e.g., June 2021, June 2023). These fluctuations may reflect the nature of customer transactions and settlement cycles inherent to the business.
- Unearned fees
- Unearned fees consistently represent between 6.57% and 11.08% of the capital structure over the periods. The metric shows cyclical increases in the first quarters after March 2021 and March 2022, suggesting seasonal or revenue recognition timing effects that impact the deferral of fees.
- Long-term debt and current portion of long-term debt
- Long-term debt, net of current portion, demonstrates a gradual decline from 16.04% in March 2021 to below 9.5% by late 2024, indicating a reduction in long-term borrowing relative to the overall capital. The current portion of long-term debt appears only at the end of the observed period in March 2025 at 7.97%, suggesting either new debt classification or repayment scheduling changes.
- Other noncurrent liabilities
- These liabilities steadily decrease over time, moving from above 5% in early 2021 to around 1.55% by March 2025. The declining trend indicates diminishing obligations classified under other noncurrent liabilities, potentially reflecting payoff or reclassification.
- Total liabilities
- Total liabilities consistently make up the majority share of the total capital structure, though showing variability from approximately 57.45% to 78.09%. Peaks in total liabilities align with high values in current liabilities and funds payable, reflecting fluctuations driven largely by short-term obligations.
- Stockholders’ equity components
- Additional paid-in capital exhibits a generally decreasing trend relative to total capital, declining from nearly 84% in early 2021 to around 51% near the end of the period. Accumulated other comprehensive income/loss remains negligible in absolute terms but shows slight oscillations around zero, indicating minor impacts from unrealized gains/losses or currency translation adjustments. Accumulated deficit markedly lessens its negative impact over the period, improving from a deficit magnitude near -58% in early 2021 to about -19% by early 2025, signifying a gradual recovery or improved profitability reducing retained losses.
- Stockholders’ equity overall
- The equity portion of the capital structure fluctuates between approximately 21.91% and 42.55%, with a notable peak in September 2023. These changes mirror shifts in accumulated deficits and additional paid-in capital, reflecting underlying changes in retained earnings and financing activities.
- Summary observations
- The analyzed data reflects a capital structure dominated by liabilities, predominantly current in nature, with recurring fluctuations in payable-related items and unearned fees that suggest impacts from operating cycles and revenue recognition patterns. The gradual reduction in long-term debt and other noncurrent liabilities indicates deleveraging tendencies. The equity position shows cyclical variation, influenced mainly by decreasing accumulated deficits and lower additional paid-in capital proportions, portraying progressive renewal of equity strength. The emergence of a current portion of long-term debt in the final quarter may indicate new financing dynamics to monitor.