Balance Sheet: Assets
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.
Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.
CrowdStrike Holdings Inc., consolidated balance sheet: assets
US$ in thousands
Based on: 10-K (reporting date: 2025-01-31), 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).
The financial data reveals several notable trends over the analyzed periods. Total assets exhibit a steady and robust growth, increasing from approximately $1.4 billion in early 2020 to about $8.7 billion by early 2025. This growth indicates significant asset accumulation and expansion over time.
- Liquidity and Current Assets
- Cash and cash equivalents demonstrate a substantial increase, rising more than sixteenfold from $265 million to over $4.3 billion. This suggests a strong liquidity position and improved cash management or capital raising activities.
- Short-term investments show volatility; initially reported, then absent in some periods, before reappearing at lower levels. This irregular pattern might reflect shifting investment strategies or reclassification of financial instruments.
- Accounts receivable nearly septupled, indicating growth in sales or services rendered on credit. This expanding receivable base, growing from about $165 million to $1.13 billion, suggests increased revenue generation but also requires attention to credit risk management.
- Deferred contract acquisition costs, both current and noncurrent, exhibit strong upward trends, implying increased spending on customer acquisition and possibly longer contract durations or higher upfront costs.
- Prepaid expenses and other current assets rise significantly, reflecting either increased advance payments or changes in asset composition.
- Overall, current assets nearly quintuple from roughly $1.17 billion to more than $6.1 billion, underscoring the strengthening of short-term financial resources.
- Long-term Assets
- Property and equipment, net of depreciation, grow consistently, nearly sixfold, indicating ongoing capital expenditures to support growth and operations.
- Operating lease right-of-use assets, recorded starting 2021, fluctuate but remain substantial, reflecting lease arrangements impacting long-term operational commitments.
- Goodwill expands markedly from $7.7 million to over $912 million, which suggests significant acquisition activity contributing to intangible value beyond recorded assets.
- Intangible assets, net, increasing from minimal amounts to over $133 million, further support the presence of acquired or internally developed intangible resources.
- Other long-term assets more than quadruple, indicating increasing diversification or accumulation of non-core asset types.
- Overall, long-term assets grow more than tenfold, reflecting strategic investments in both tangible and intangible capital.
- Summary
- The comprehensive asset growth, particularly the surge in cash, receivables, and deferred costs, along with substantial increases in goodwill and fixed assets, point to aggressive expansion, acquisitions, and increased operational scale. The company appears to be in a robust growth phase, with asset growth outpacing simpler liquidity accumulation, suggesting reinvestment and strategic asset development are priorities.