Name: Autodesk Inc. (NASDAQ:ADSK) | Liabilities and Stockholders’ Equity
Creator: Stock Analysis on Net

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.

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

US$ in millions

	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020	Jan 31, 2019
Accounts payable	100)	102)	121)	123)	84)	102)
Accrued compensation	476)	358)	341)	323)	272)	281)
Accrued income taxes	36)	33)	30)	43)	21)	13)
Deferred revenue	3,500)	3,203)	2,863)	2,501)	2,176)	1,763)
Current operating lease liabilities	67)	85)	87)	71)	48)	—)
Current portion of long-term notes payable, net	—)	—)	350)	—)	450)	—)
Other accrued liabilities	172)	219)	218)	195)	168)	142)
Current liabilities	4,351)	4,000)	4,009)	3,255)	3,219)	2,301)
Long-term deferred revenue	764)	1,377)	927)	859)	831)	328)
Long-term operating lease liabilities	275)	300)	346)	396)	412)	—)
Long-term income taxes payable	168)	164)	20)	16)	19)	22)
Long-term deferred income taxes	25)	32)	29)	11)	83)	80)
Long-term notes payable, net, excluding current portion	2,284)	2,281)	2,278)	1,637)	1,635)	2,088)
Long-term other liabilities	190)	139)	149)	140)	120)	122)
Long-term liabilities	3,706)	4,293)	3,748)	3,060)	3,099)	2,639)
Total liabilities	8,057)	8,293)	7,758)	6,314)	6,318)	4,940)
Preferred stock, $0.01 par value; none issued or outstanding	—)	—)	—)	—)	—)	—)
Common stock and additional paid-in capital, $0.01 par value	3,802)	3,325)	2,923)	2,579)	2,317)	2,072)
Accumulated other comprehensive loss	(234)	(185)	(124)	(126)	(160)	(135)
Accumulated deficit	(1,713)	(1,995)	(1,950)	(1,488)	(2,296)	(2,147)
Stockholders’ equity (deficit)	1,855)	1,145)	849)	966)	(139)	(211)
Total liabilities and stockholders’ equity (deficit)	9,912)	9,438)	8,607)	7,280)	6,179)	4,729)

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 financial position of the organization over the six-year period ending January 31, 2024, is characterized by a significant expansion of the balance sheet, a transition from a deficit to a positive equity position, and a substantial increase in deferred revenue. Total liabilities grew from 4,940 million US dollars in 2019 to 8,057 million US dollars in 2024, while stockholders' equity shifted from a negative 211 million US dollars to a positive 1,855 million US dollars.

Current Liabilities and Operational Obligations: Current liabilities exhibited a consistent upward trajectory, rising from 2,301 million US dollars in 2019 to 4,351 million US dollars in 2024. The primary driver of this increase is deferred revenue, which nearly doubled from 1,763 million US dollars to 3,500 million US dollars over the period. This growth suggests a strengthening of the subscription-based revenue model. Additionally, accrued compensation showed a steady increase, reaching 476 million US dollars by 2024, reflecting growth in workforce-related obligations.
Long-Term Debt and Non-Current Liabilities: Long-term liabilities reached a peak of 4,293 million US dollars in 2023 before moderating to 3,706 million US dollars in 2024. Long-term notes payable remained a substantial component of the capital structure, ending the period at 2,284 million US dollars. A notable fluctuation occurred in long-term deferred revenue, which rose significantly from 328 million US dollars in 2019 to a peak of 1,377 million US dollars in 2023, followed by a sharp decline to 764 million US dollars in 2024, indicating a shift in the timing of revenue recognition for long-term contracts.
Stockholders' Equity and Capital Structure: The company achieved a significant turnaround in its equity position, moving from a stockholders' deficit in 2019 and 2020 to a positive equity balance starting in 2021. Common stock and additional paid-in capital grew steadily from 2,072 million US dollars to 3,802 million US dollars, indicating consistent capital infusions. While the accumulated deficit remained negative throughout the period, it improved from 2,147 million US dollars in 2019 to 1,713 million US dollars in 2024, suggesting a trend toward cumulative profitability.
Comprehensive Loss and Risk Factors: Accumulated other comprehensive loss expanded over the period, moving from 135 million US dollars in 2019 to 234 million US dollars in 2024. This trend indicates increasing unrealized losses, likely stemming from foreign currency translations or investment valuations, which partially offset the gains made in the overall equity position.

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