Stock Analysis on Net
Stock Analysis on Net

Autodesk Inc. (NASDAQ:ADSK)

This company has been moved to the archive! The financial data has not been updated since December 3, 2024.

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

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

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Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Accounts payable 1.01 1.08 1.40 1.68 1.35 2.15
Accrued compensation 4.80 3.79 3.97 4.43 4.40 5.94
Accrued income taxes 0.36 0.35 0.35 0.59 0.34 0.28
Deferred revenue 35.31 33.94 33.27 34.35 35.22 37.29
Current operating lease liabilities 0.68 0.90 1.01 0.98 0.78 0.00
Current portion of long-term notes payable, net 0.00 0.00 4.06 0.00 7.28 0.00
Other accrued liabilities 1.74 2.32 2.53 2.67 2.72 3.01
Current liabilities 43.90% 42.38% 46.58% 44.71% 52.10% 48.66%
Long-term deferred revenue 7.71 14.59 10.76 11.80 13.45 6.94
Long-term operating lease liabilities 2.77 3.18 4.02 5.44 6.66 0.00
Long-term income taxes payable 1.69 1.74 0.23 0.22 0.31 0.45
Long-term deferred income taxes 0.25 0.34 0.34 0.16 1.34 1.69
Long-term notes payable, net, excluding current portion 23.04 24.17 26.47 22.49 26.46 44.14
Long-term other liabilities 1.92 1.47 1.73 1.92 1.94 2.58
Long-term liabilities 37.39% 45.49% 43.55% 42.03% 50.15% 55.80%
Total liabilities 81.29% 87.87% 90.13% 86.74% 102.25% 104.46%
Preferred stock, $0.01 par value; none issued or outstanding 0.00 0.00 0.00 0.00 0.00 0.00
Common stock and additional paid-in capital, $0.01 par value 38.36 35.23 33.96 35.43 37.50 43.80
Accumulated other comprehensive loss -2.36 -1.96 -1.44 -1.73 -2.59 -2.85
Accumulated deficit -17.28 -21.14 -22.66 -20.43 -37.15 -45.41
Stockholders’ equity (deficit) 18.71% 12.13% 9.87% 13.26% -2.25% -4.46%
Total liabilities and stockholders’ equity (deficit) 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

Liabilities Composition and Trends
Accounts payable as a percentage of total liabilities and stockholders’ equity shows a general decline over the period, decreasing from 2.15% in early 2019 to 1.01% in early 2024, indicating a reduced reliance on short-term trade obligations. Accrued compensation experienced some fluctuation but generally trends downward from 5.94% in 2019, reaching a low of 3.79% in 2023 before rising again to 4.8% in 2024, suggesting variability in accrued employee-related expenses.
Accrued income taxes have remained relatively stable, fluctuating marginally around 0.3% to 0.6%, which indicates consistent income tax obligations throughout the years. Deferred revenue is a significant portion of current liabilities, initially at 37.29% in 2019, declining gradually to 33.27% in 2022, then increasing to 35.31% in 2024, reflecting fluctuations in advance payments received from customers over time.
Current operating lease liabilities appear starting in 2020 at 0.78% and then gradually decline to 0.68% by 2024, reflecting possible reductions in short-term lease commitments. The presence of current portion of long-term notes payable is inconsistent, appearing notably in 2020 (7.28%) and 2022 (4.06%) but absent in other years, indicating periodic short-term debt repayments or refinancing.
Other accrued liabilities have experienced a steady decline from 3.01% in 2019 to 1.74% in 2024, possibly indicating more efficient management of miscellaneous accruals. Total current liabilities as a percentage of total liabilities and stockholders’ equity decreased from 48.66% in 2019 to 43.9% in 2024, signaling a slight reduction in the proportion of short-term obligations relative to the capital structure.
Long-Term Liabilities and Related Items
Long-term deferred revenue showed an increase from 6.94% in 2019 to a peak of 14.59% in 2023, before decreasing sharply to 7.71% in 2024, indicating fluctuations in deferred income expected beyond one year. Long-term operating lease liabilities display a continuous downward trend from 6.66% in 2020 to 2.77% in 2024, suggesting a reduction in long-term lease commitments.
Long-term income taxes payable show a significant rise starting in 2022, from 0.23%, increasing to around 1.7% in both 2023 and 2024, which may indicate deferred tax liabilities or tax-related adjustments becoming more prominent. Conversely, long-term deferred income taxes decreased steadily from 1.69% in 2019 to 0.25% in 2024, showing a reduction in this specific long-term tax liability.
Long-term notes payable, net, excluding current portion, declined notably from 44.14% in 2019 to 23.04% in 2024, reflecting a significant reduction in long-term debt levels. Long-term other liabilities also decreased from 2.58% to 1.92% over the period. As a whole, long-term liabilities dropped from 55.8% in 2019 to 37.39% in 2024, signaling a transition towards a lower proportion of long-term obligations relative to capital.
Total Liabilities and Equity Overview
Total liabilities decreased from 104.46% of total liabilities and stockholders' equity in 2019 to 81.29% in 2024, showing a steady reduction in leverage or liabilities relative to the total capital base. This reduction aligns with the observed drop in both current and long-term liabilities.
Common stock and additional paid-in capital declined from 43.8% in 2019 to a low of 33.96% in 2022, then rebounded to 38.36% by 2024, indicating some fluctuations in equity financing or capital injections during the period.
Accumulated other comprehensive loss improved from -2.85% in 2019 to a low of -1.44% in 2022 but then deteriorated again to -2.36% in 2024, reflecting fluctuations in other comprehensive income components.
The accumulated deficit steadily decreased in absolute terms from -45.41% in 2019 to -17.28% in 2024, representing an improvement in retained earnings or profitability and a reduction in accumulated losses.
Stockholders’ equity (deficit) improved markedly from a deficit of -4.46% in 2019 to a positive 18.71% in 2024, indicating strengthening equity base and improved financial health.
Summary of Financial Position Developments
The overall financial structure reflects a reduction in total liabilities and a strengthening equity position over the six-year period. The company appears to have lowered its leverage, with notable decreases in both short-term and long-term debt components. Equity has improved due to reductions in accumulated deficit and stable or slightly increased paid-in capital.
The trends in deferred revenue and lease liabilities suggest ongoing adjustments in revenue recognition patterns and operational leasing commitments, possibly linked to changes in business strategy or accounting policies. Tax-related liabilities display increases in certain categories, which may warrant further investigation to understand underlying causes.

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