Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
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- Cash Flow Statement
- Analysis of Solvency Ratios
- Analysis of Geographic Areas
- Enterprise Value to EBITDA (EV/EBITDA)
- Present Value of Free Cash Flow to Equity (FCFE)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
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Autodesk Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
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.