Common-Size Balance Sheet: Assets
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Common-Size Income Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Liquidity Ratios
- Enterprise Value (EV)
- Selected Financial Data since 2021
- Return on Assets (ROA) since 2021
- Total Asset Turnover since 2021
- Price to Earnings (P/E) since 2021
- Price to Operating Profit (P/OP) since 2021
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AppLovin Corp., common-size consolidated balance sheet: 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).
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets demonstrates a declining trend from 24.67% in 2021 to 9.37% in 2023, followed by a modest recovery to 12.63% in 2024. This suggests a reduced emphasis on liquid cash holdings over the period, with a slight increase in the most recent year.
- Restricted Cash Equivalents
- Data is only available for 2021, showing a material 17.04% of total assets. Absence of subsequent data limits assessment of its trend beyond 2021.
- Accounts Receivable, Net
- Accounts receivable as a percentage of total assets has steadily increased each year, rising from 8.35% in 2021 to 24.1% in 2024. This indicates an increasing proportion of assets tied up in receivables, which could imply greater sales on credit or slower collection cycles.
- Prepaid Expenses and Other Current Assets
- These assets have remained relatively stable, fluctuating modestly from 2.43% in 2021 to a peak of 2.99% in 2023 and retreating slightly to 2.67% in 2024. The stability suggests consistent management of prepaid items and other current assets.
- Current Assets
- The share of current assets in total assets exhibits a notable decrease from 52.49% in 2021 to 30.16% in 2023, rebounding to 39.39% in 2024. This mirrors the trends observed in cash and cash equivalents and accounts receivable, reflecting shifts within current asset composition.
- Property and Equipment, Net
- This category shows a gradual increase from 1.03% in 2021 to 3.23% in 2023, before a slight decline to 2.74% in 2024. The initial increase may indicate investment in fixed assets, with a small reduction in the final year possibly due to disposals or depreciation outpacing additions.
- Operating Lease Right-of-Use Assets
- These assets consistently declined over the period, from 1.15% in 2021 to 0.65% in 2024, suggesting a reduction in leased asset commitments or changes in lease accounting policies.
- Goodwill
- Goodwill as a percentage of total assets more than doubled between 2021 and 2022, increasing from 15.68% to 31.19%, peaking at 34.39% in 2023, then slightly decreasing to 30.73% in 2024. This pattern suggests significant acquisition activity around 2022 and 2023, with some subsequent impairment or revaluation adjustments.
- Intangible Assets, Net
- Intangible assets declined steadily from 27.73% in 2021 to 15.28% in 2024, indicating amortization, impairment, or disposals impacting this asset category over time.
- Other Assets
- This category has expanded considerably from 1.92% in 2021 to 11.22% in 2024, implying diversification or accumulation of other types of non-current assets not captured by the principal categories.
- Non-current Assets
- Non-current assets as a proportion of total assets increased markedly from 47.51% in 2021 to 69.84% in 2023 before declining to 60.61% in 2024. This reflects the trends in goodwill, intangible assets, property, and other asset classes, indicating significant investment or acquisition activity followed by some realignment.
- Total Assets
- Represented as 100% for all periods, providing the base for proportion calculations of all asset components.