Common-Size Balance Sheet: Assets
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Palantir Technologies 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).
- Cash and cash equivalents
- The proportion of cash and cash equivalents relative to total assets showed a decreasing trend from 74.76% in 2020 to 18.38% in 2023, followed by an increase to 33.1% in 2024. This indicates a significant reduction in liquidity concentration initially, with a partial recovery in the latest year.
- Marketable securities
- Marketable securities were not reported in 2020, but emerged at 7.21% of total assets in 2021 and then declined sharply to 1.02% in 2022. Subsequently, there was a significant increase to 62.87% in 2023 and a decrease to 49.39% in 2024, suggesting active management and reallocation within liquid investments and short-term assets.
- Accounts receivable, net
- The share of accounts receivable increased steadily over the five-year period, from 5.83% in 2020 to 9.07% in 2024, indicating a growing portion of assets tied up in receivables which may imply growth in sales on credit or changes in collection practices.
- Prepaid expenses and other current assets
- This item rose from 3.31% in 2020 to a peak of 4.54% in 2021 before progressively declining to 2.04% in 2024, reflecting a reduction in advance payments or other similar current asset holdings relative to total assets.
- Current assets
- The percentage of current assets remained relatively high throughout the period, fluctuating between 83.9% and 93.59%, with a slight upward trend especially evident in 2023 and 2024. This underscores the company's emphasis on liquidity and short-term asset predominance.
- Property and equipment, net
- Property and equipment as a percentage of total assets exhibited some volatility, starting at 1.1% in 2020 and peaking at 2% in 2022 before declining to 0.63% in 2024. The overall low values suggest limited investment in fixed assets.
- Operating lease right-of-use assets
- These assets decreased steadily from 8.07% in 2020 to 3.17% in 2024, indicating a reduction in leased asset liabilities or scales of operations associated with operating leases.
- Other assets
- Other noncurrent assets decreased consistently from 6.93% of total assets in 2020 to 2.62% in 2024, showing a decline in miscellaneous asset categories.
- Noncurrent assets
- The proportion of noncurrent assets decreased from 16.1% in 2020 to 6.41% in 2024, reflecting a strategic shift towards a more current-assets-heavy balance sheet composition and possible divestment or depreciation of long-term assets.
- Total assets
- The ratio always sums to 100%, serving as a baseline for contextualizing the proportional changes across asset categories over the observed years.