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).

The capital structure shows a significant transition from a position of negative stockholders' equity and high leverage toward a more balanced and positive equity position. Total liabilities as a percentage of total liabilities and stockholders' equity decreased from 104.46% in 2019 to 81.29% in 2024, indicating a reduction in the company's overall reliance on debt relative to its total asset base.

Current Liabilities and Operational Obligations
Current liabilities have experienced a general decline, moving from 48.66% in 2019 to 43.90% in 2024. The most prominent component is deferred revenue, which consistently represents a substantial portion of the balance sheet, fluctuating between 33.27% and 37.29%. This suggests a strong reliance on a subscription-based business model where payments are collected in advance. Other current obligations, such as accounts payable, have trended downward from 2.15% to 1.01% over the period.
Long-term Debt and Non-current Liabilities
A marked reduction is observed in long-term liabilities, which dropped from 55.80% in 2019 to 37.39% in 2024. This decline is primarily driven by the reduction of long-term notes payable, which fell from 44.14% to 23.04%. Long-term deferred revenue showed volatility, peaking at 14.59% in 2023 before dropping to 7.71% in 2024, indicating shifts in the timing of revenue recognition for multi-year contracts.
Stockholders' Equity Evolution
The company transitioned from a stockholders' deficit of -4.46% in 2019 to a positive equity position of 18.71% by 2024. This improvement is largely attributed to the reduction of the accumulated deficit, which contracted from -45.41% to -17.28%. Common stock and additional paid-in capital remained relatively stable, ending at 38.36% in 2024, while accumulated other comprehensive loss remained a minor negative factor, averaging around -2%.

The overall trend reflects a strengthening of the balance sheet. The systematic reduction in long-term debt, coupled with the erosion of the accumulated deficit, has shifted the company from a precarious negative equity state to a more sustainable financial position. The stability of current deferred revenue indicates a consistent flow of advance customer payments, providing a reliable source of liquidity to support operations.

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