Name: Fair Isaac Corp. (NYSE:FICO) | Balance Sheet: Assets
Creator: Stock Analysis on Net

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.

Assets: Selected Items

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Current Assets: Selected Items

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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).

Total assets experienced an overall upward trajectory over the six-year period, growing from 1.43 billion US dollars in 2019 to 1.72 billion US dollars by September 30, 2024. While a temporary contraction occurred in 2022, the subsequent recovery indicates a strengthening of the asset base, driven primarily by increases in current assets and specific non-current asset categories.

Liquidity and Current Asset Trends: Current assets increased by approximately 35% between 2019 and 2024. This growth was largely propelled by accounts receivable, net, which rose from 297 million US dollars to 426 million US dollars, suggesting an increase in credit sales or a shift in collection timing. Cash and cash equivalents showed a general increase, peaking in 2021 at 195 million US dollars before stabilizing at 150 million US dollars in 2024.
Fixed and Intangible Asset Composition: A significant shift is observed in physical and intangible assets. Property and equipment, net, declined steadily from 53 million US dollars in 2019 to a low of 10.9 million US dollars in 2023, followed by a sharp rebound to 38.4 million US dollars in 2024. Intangible assets, net, followed a consistent downward trend, nearly disappearing by 2024. In contrast, goodwill remained the most substantial and stable component of the balance sheet, consistently maintaining a value between 761 million and 812 million US dollars.
Non-Current Asset Dynamics: Non-current assets expanded to 1.1 billion US dollars by 2024. A notable development is the rapid escalation of deferred income taxes, which surged from 11.8 million US dollars in 2022 to 86.5 million US dollars in 2024. Operating lease right-of-use assets peaked in 2020 at 57.6 million US dollars and generally declined thereafter, though a slight increase was recorded in the final year of the period.

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