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.

Workday Inc., consolidated balance sheet: assets

US$ in millions

	Jan 31, 2025	Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Cash and cash equivalents	1,543)	2,012)	1,886)	1,534)	1,384)	731)
Marketable securities	6,474)	5,801)	4,235)	2,110)	2,151)	1,213)
Trade and other receivables, net of allowance for credit losses	1,950)	1,639)	1,570)	1,243)	1,032)	878)
Deferred costs, current	267)	232)	191)	153)	123)	100)
Prepaid expenses and other current assets	311)	255)	226)	174)	111)	172)
Current assets	10,545)	9,939)	8,108)	5,214)	4,802)	3,095)
Property and equipment, net	1,239)	1,234)	1,201)	1,123)	972)	936)
Operating lease right-of-use assets	336)	289)	249)	248)	414)	291)
Deferred costs, noncurrent	561)	509)	421)	341)	272)	222)
Acquisition-related intangible assets, net	361)	233)	305)	391)	249)	308)
Deferred tax assets	1,039)	1,065)	13)	12)	10)	7)
Goodwill	3,478)	2,846)	2,840)	2,840)	1,820)	1,819)
Non-marketable equity and other investments	247)	248)	263)	257)	86)	75)
Derivative assets	52)	14)	22)	17)	—)	10)
Contract assets	44)	21)	—)	—)	—)	—)
Technology patents and other intangible assets, net	25)	26)	21)	23)	18)	18)
Prepayments for goods and services	16)	14)	23)	26)	20)	28)
Deposits	10)	8)	6)	7)	6)	6)
Equity investments accounted for under the equity method	—)	—)	—)	—)	48)	—)
Other	24)	6)	13)	1)	2)	1)
Other assets	418)	337)	348)	330)	180)	138)
Noncurrent assets	7,432)	6,513)	5,378)	5,284)	3,916)	3,722)
Total assets	17,977)	16,452)	13,486)	10,499)	8,718)	6,816)

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 significant trends in the composition and growth of assets over the analyzed periods.

Liquidity and Marketable Investments: Cash and cash equivalents show a growth trend from 731 million US dollars in early 2020 to a peak of 2,012 million in early 2024, followed by a decline to 1,543 million in early 2025. Marketable securities have experienced strong and consistent growth throughout, increasing nearly fivefold from 1,213 million US dollars in 2020 to 6,474 million in 2025, indicating an aggressive investment in liquid securities.
Receivables and Working Capital Components: Trade and other receivables, net of allowance for credit losses, increased steadily from 878 million in 2020 to 1,950 million in 2025, reflecting expanding business volume and possibly extended credit terms. Deferred costs, both current and noncurrent, as well as prepaid expenses and other current assets, show a consistent upward trajectory, suggesting growing prepaid and deferred expenses associated with ongoing operations.
Current and Noncurrent Assets: Total current assets increased substantially from 3,095 million to 10,545 million US dollars, driven primarily by rises in cash, marketable securities, and receivables. Noncurrent assets also show significant growth from 3,722 million to 7,432 million, with noteworthy rises in goodwill, deferred tax assets (which jump dramatically in 2024 and slightly decline thereafter), and property and equipment.
Goodwill and Intangible Assets: Goodwill remained stable around 1,800 million US dollars until 2021, then increased sharply in 2022 to approximately 2,840 million, maintaining this level before climbing to 3,478 million in 2025. Acquisition-related intangible assets fluctuate, peaking in some years but generally showing variability rather than consistent increase. Technology patents and other intangible assets remain relatively stable with slight increases.
Deferred Tax Assets: A striking increase in deferred tax assets is observed in 2024, jumping from 13 million to 1,065 million, and then a minor decrease to 1,039 million in 2025. This suggests a significant change in temporary differences or tax positions during that period.
Other Assets: Other asset categories such as non-marketable equity and other investments, derivative assets, and other miscellaneous assets increase gradually but remain smaller components relative to main asset lines. Contract assets appear only in the latest years, indicating emerging revenue recognition from certain contract types or service arrangements.
Total Asset Growth: Total assets have consistently increased from 6,816 million US dollars in 2020 to 17,977 million in 2025. This steady asset base expansion reflects overall company growth and investment activities across both current and noncurrent asset categories.

Overall, the data points to consistent financial growth characterized by increasing liquidity through marketable securities, rising receivables and deferred costs indicating operational expansion, and significant increments in goodwill and deferred tax assets indicating acquisitions or changes in tax strategies. The recent decrease in cash equivalents alongside increasing marketable securities may reflect portfolio rebalancing towards longer-term liquid investments.

Assets: Selected Items

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Current Assets: Selected Items

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Workday Inc. (NASDAQ:WDAY)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items