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.

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

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Non-income taxes payable and withholding tax reserves	1,055)	1,119)	624)	492)	342)
Compensation and employee benefits	498)	436)	380)	416)	380)
Accounts payable	142)	141)	137)	118)	80)
Operating lease liabilities, current	63)	61)	59)	63)	57)
Derivative warrant liability	—)	—)	—)	—)	985)
Current portion of long-term debt	—)	—)	—)	—)	10)
Accrued interest expense	—)	—)	—)	—)	17)
Other includes gift card and foreign exchange derivative contract liabilities	856)	897)	813)	650)	680)
Accrued expenses, accounts payable, and other current liabilities	2,614)	2,654)	2,013)	1,740)	2,551)
Funds payable and amounts payable to customers	5,931)	5,869)	4,783)	3,715)	2,181)
Unearned fees	1,616)	1,427)	1,182)	904)	408)
Current liabilities	10,161)	9,950)	7,978)	6,359)	5,140)
Long-term debt, net of current portion	1,995)	1,991)	1,987)	1,983)	1,816)
Operating lease liabilities, noncurrent	236)	252)	295)	372)	431)
Other	155)	287)	218)	218)	203)
Other liabilities, noncurrent	391)	539)	513)	591)	634)
Noncurrent liabilities	2,386)	2,530)	2,500)	2,573)	2,450)
Total liabilities	12,547)	12,480)	10,478)	8,933)	7,590)
Common stock, $0.0001 par value	—)	—)	—)	—)	—)
Additional paid-in capital	12,602)	11,639)	11,557)	11,140)	8,905)
Accumulated other comprehensive income (loss)	35)	(49)	(32)	(7)	3)
Accumulated deficit	(4,225)	(3,425)	(5,965)	(6,358)	(6,006)
Stockholders’ equity	8,412)	8,165)	5,560)	4,776)	2,902)
Total liabilities and stockholders’ equity	20,959)	20,645)	16,038)	13,708)	10,491)

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).

Liabilities Trends: There is a consistent increase in total liabilities from 7,590 million US dollars in 2020 to 12,547 million US dollars in 2024, reflecting expansion or increased obligations over the period. Current liabilities have shown a marked rise, almost doubling from 5,140 million US dollars in 2020 to 10,161 million US dollars in 2024, driven primarily by increases in various components such as funds payable and amounts payable to customers, which more than doubled from 2,181 million US dollars to 5,931 million US dollars. Unearned fees also display steady growth, rising from 408 million US dollars to 1,616 million US dollars, indicating increased deferred revenue or customer deposits. Accounts payable and non-income taxes payable also increased, though at a more moderate pace. Long-term debt, net of current portion, remains relatively stable around 1,800 to 2,000 million US dollars over the period, suggesting that long-term borrowing has not significantly changed. Operating lease liabilities show a decline in noncurrent portions from 431 million US dollars in 2020 to 236 million US dollars in 2024, while current portions slightly increase, indicating possible reclassification or changes in lease arrangements. Other liabilities experienced fluctuations but overall declined in noncurrent components, from 634 million US dollars down to 391 million US dollars by 2024, which may signal resolution or settlement of some obligations.
Expense and Benefit Obligations: Compensation and employee benefits costs have generally increased over the period, rising from 380 million US dollars in 2020 to 498 million US dollars in 2024, reflecting potential growth in workforce or wage inflation. Non-income taxes payable showed a strong upward trend, nearly tripling from 342 million US dollars to above 1,000 million US dollars by 2023 and slightly decreasing in 2024, which could indicate higher taxable activity or regulatory changes. Accrued expenses, accounts payable, and other current liabilities have seen variability but an overall upward trend, increasing from 2,551 million US dollars in 2020 to approximately 2,614 million US dollars in 2024, with fluctuations suggesting variable operational expenses.
Equity Changes: Stockholders’ equity demonstrates significant growth from 2,902 million US dollars to 8,412 million US dollars over the five-year period, indicating strengthening financial position and retained earnings improvement or capital injections. Additional paid-in capital consistently increased, rising from 8,905 million US dollars in 2020 to 12,602 million US dollars in 2024, reflecting equity funding events or issuance of shares. Accumulated deficit decreased substantially from a negative 6,006 million US dollars to a negative 4,225 million US dollars, indicating improvement in retained earnings or net losses over time. Accumulated other comprehensive income (loss) fluctuated, showing negative values in the middle years but turning positive by 2024, possibly due to changes in foreign currency translation or other comprehensive income components.
Overall Financial Position: The total of liabilities and stockholders’ equity rose markedly from 10,491 million US dollars in 2020 to over 20,959 million US dollars in 2024, evidencing significant growth in the scale of operations or asset base. The balance sheet structure appears to be increasingly supported by equity relative to liabilities, with both components increasing but equity showing a faster growth rate, which generally strengthens the capital structure. The presence of derivative warrant liability and some short-term debt items in early years disappears in later years, potentially indicating settlements or changes in financing instruments.

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Airbnb Inc. (NASDAQ:ABNB)

Balance Sheet: Liabilities and Stockholders’ Equity