Common-Size Balance Sheet: Assets
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- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Capital Asset Pricing Model (CAPM)
- Net Profit Margin since 2019
- Operating Profit Margin since 2019
- Current Ratio since 2019
- Debt to Equity since 2019
- Price to Earnings (P/E) since 2019
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Datadog Inc., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
The analysis of asset composition over the five-year period reveals notable shifts in the company's financial structure.
- Cash and Cash Equivalents
- The proportion of cash and cash equivalents relative to total assets displayed moderate fluctuations, starting at 11.9% in 2020 and maintaining a slight decline through 2021 and 2022. A more pronounced decrease was observed in 2023, falling to 8.39%, followed by a significant increase to 21.55% in 2024, indicating a possible strategic accumulation of liquid resources in the most recent year.
- Marketable Securities
- This category consistently constituted a major share of total assets, beginning at 68.38% in 2020. There was a steady decline through 2021 and 2022, reaching 51.43%, with a recovery to 57.23% in 2023. In 2024, the proportion decreased again to 50.85%. Overall, marketable securities remained the dominant asset class but showed variability, possibly reflecting changing investment or liquidity strategies.
- Accounts Receivable, Net
- The share of accounts receivable demonstrated an upward trend from 8.64% in 2020 to a peak of 13.3% in 2022. It slightly contracted to 12.94% in 2023 and further to 10.35% in 2024. This pattern suggests growth in credit sales or billing with a subsequent moderation in recent years.
- Deferred Contract Costs, Current
- Current deferred contract costs showed gradual increase from 0.72% in 2020 to a peak of 1.14% in 2023, followed by a minor decline to 0.97% in 2024. This indicates ongoing contract-related expenses being capitalized, with stability in the most recent period.
- Prepaid Expenses and Other Current Assets
- A slight declining trend was noticed between 2020 and 2022, from 1.25% to 0.91%, followed by a recovery to 1.16% in 2024. These assets represent a small, but fairly stable portion of total assets.
- Current Assets
- The percentage of current assets relative to total assets decreased substantially from 90.89% in 2020 to 78.01% in 2022, then modestly rebounded to 84.89% by 2024. This denotes a shift towards a somewhat more balanced asset structure with an increased emphasis on non-current assets.
- Property and Equipment, Net
- There was a steady increase in property and equipment assets from 2.5% in 2020 to a peak of 4.37% in 2023, followed by a slight reduction to 3.92% in 2024, reflecting an expansion of fixed asset investments over the period.
- Operating Lease Assets
- This category remained relatively consistent, fluctuating slightly around 3%, ending at 2.98% in 2024, indicating stable leased asset commitments.
- Goodwill
- Goodwill experienced a notable escalation from a modest 0.93% in 2020 to 12.27% in 2021. Subsequently, the proportion steadily declined each year, reaching 6.23% by 2024. The initial surge likely corresponds to acquisition activity followed by amortization or impairment over the subsequent period.
- Intangible Assets, Net
- Intangible assets grew from 0.11% in 2020 to 0.66% in 2021, then gradually diminished to a minimal 0.06% by 2024. The declining trend suggests amortization or reduced capitalization of intangible assets.
- Deferred Contract Costs, Non-Current
- These costs increased modestly from 1.42% in 2020 to approximately 1.87% through 2022 and 2023, then dropped to 1.5% in 2024, signaling a relatively steady but slightly tapering allocation to long-term contract expenses.
- Restricted Cash
- Restricted cash formed a very small portion of total assets, declining from 0.2% in 2020 to 0.11% in 2022, and data for subsequent years are missing. The decline may indicate release or reclassification of restricted funds.
- Other Assets
- Other assets decreased consistently from 0.9% in 2020 to 0.42% in 2024, suggesting a reduction in miscellaneous or minor asset categories.
- Non-Current Assets
- A marked rise in non-current assets was observed from 9.11% in 2020 to a peak of 21.99% in 2022, followed by a decrease to 15.11% in 2024. This pattern reflects the increasing capital intensity up through 2022 and a subsequent partial shift back towards current assets.
- Total Assets
- As expected, total assets remained constant at 100% each year, serving as the base for all relative metric calculations.
In summary, the asset structure transitioned from a strong concentration in highly liquid assets such as marketable securities and cash towards increased investment in property, equipment, and goodwill around 2021–2022. Subsequently, there was a rebalancing favoring increased liquidity and a relative reduction in non-current assets by 2024. The dynamic in goodwill and intangible assets implies acquisition activity peaking in 2021 with subsequent amortization or impairment. The fluctuations in accounts receivable and deferred contract costs point toward changes in revenue recognition and contract management. Overall, the company appears to have adjusted its asset allocation strategies over the analyzed period, potentially to optimize liquidity and capital utilization in response to evolving business conditions.