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.

Fair Isaac Corp., consolidated balance sheet: assets

US$ in thousands

	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Cash and cash equivalents	150,667)	136,778)	133,202)	195,354)	157,394)	106,426)
Accounts receivable, net	426,642)	387,947)	322,410)	312,107)	334,180)	297,427)
Prepaid expenses and other current assets	40,104)	31,723)	29,103)	43,513)	42,504)	51,853)
Current assets	617,413)	556,448)	484,715)	550,974)	534,078)	455,706)
Marketable securities	45,289)	33,014)	24,515)	31,884)	25,513)	20,222)
Property and equipment, net	38,465)	10,966)	17,580)	27,913)	46,419)	53,027)
Operating lease right-of-use assets	29,580)	25,703)	36,688)	47,275)	57,656)	—)
Goodwill	782,752)	773,327)	761,067)	788,185)	812,364)	803,542)
Intangible assets, net	—)	917)	2,017)	4,099)	9,236)	14,139)
Deferred income taxes	86,513)	59,136)	11,803)	20,549)	14,629)	6,006)
Other assets	117,872)	115,770)	103,649)	96,897)	106,345)	80,806)
Non-current assets	1,100,471)	1,018,833)	957,319)	1,016,802)	1,072,162)	977,742)
Total assets	1,717,884)	1,575,281)	1,442,034)	1,567,776)	1,606,240)	1,433,448)

Based on: 10-K (reporting date: 2024-09-30), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-30), 10-K (reporting date: 2021-09-30), 10-K (reporting date: 2020-09-30), 10-K (reporting date: 2019-09-30).

The data reveals several key trends in the financial position over the analyzed periods.

Liquidity Position: Cash and cash equivalents showed a growth trend with fluctuations, increasing from 106,426 thousand USD in 2019 to 150,667 thousand USD in 2024. The peak occurred in 2021 at 195,354 thousand USD, followed by a decline in 2022, then recovery in subsequent years.; Accounts receivable steadily increased from 297,427 thousand USD in 2019 to 426,642 thousand USD in 2024, indicating rising sales or credit extensions to customers.; Prepaid expenses and other current assets fluctuated, declining notably in 2022 but rebounding by 2024 to a higher level (40,104 thousand USD) than in 2019 (51,853 thousand USD).; Overall current assets increased from 455,706 thousand USD in 2019 to 617,413 thousand USD in 2024, despite a dip in 2022, suggesting strengthened short-term asset base.
Investments and Long-Term Assets: Marketable securities demonstrated growth, rising from 20,222 thousand USD in 2019 to 45,289 thousand USD in 2024, reflecting potentially more liquid investments held.; Property and equipment, net, declined substantially from 53,027 thousand USD in 2019 to 10,966 thousand USD in 2023, before partially recovering to 38,465 thousand USD in 2024, indicating possible disposals or reduced capital expenditures during the period.; Operating lease right-of-use assets were reported starting from 2020 with a decreasing trend from 57,656 thousand USD to 29,580 thousand USD in 2024, consistent with lease term expirations or reduced lease commitments.; Goodwill showed slight variability but remained relatively stable, decreasing from 803,542 thousand USD in 2019 to a low of 761,067 thousand USD in 2022 and slightly recovering to 782,752 thousand USD in 2024, reflecting possible impairment adjustments or minor acquisitions/dispositions.; Intangible assets, net, declined markedly from 14,139 thousand USD in 2019 to negligible levels by 2024, suggesting amortization or disposals of intangible assets over the period.; Deferred income taxes increased sharply, especially from 2021 to 2024, rising from 6,006 thousand USD in 2019 to 86,513 thousand USD in 2024, which may reflect timing differences in revenue recognition or tax assets/liabilities development.; Other assets showed an increasing trend from 80,806 thousand USD in 2019 to 117,872 thousand USD in 2024, indicating growing miscellaneous long-term resources.; Overall non-current assets exhibited a slight increase from 977,742 thousand USD in 2019 to 1,100,471 thousand USD in 2024, with some volatility in between.
Total Asset Base: Total assets increased from 1,433,448 thousand USD in 2019 to 1,717,884 thousand USD in 2024, reflecting an expanding asset base, albeit with some intermediate fluctuations, particularly around 2022 when a dip to 1,442,034 thousand USD occurred.

In summary, the company’s financial data indicates growth in both current and total assets over the five-year period, supported by increases in cash, receivables, marketable securities, and deferred tax assets. There is evidence of downsizing or reducing capital-intensive assets such as property and equipment and intangibles, balanced partially by increases in other long-term assets. The trends suggest active management of the asset portfolio, with considerations for lease obligations and tax positions influencing asset composition.

Assets: Selected Items

Download chart

Current Assets: Selected Items

Download chart

Fair Isaac Corp. (NYSE:FICO)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items