Common-Size Balance Sheet: Assets
ServiceNow 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 exhibits a declining trend from 19.24% in 2020 to approximately 11% in the subsequent years, stabilizing around 11.3% by 2024. This decrease indicates a reduced liquidity buffer over the period.
- Short-term Investments
- Short-term investments experienced fluctuations, starting at 16.24% in 2020, dipping to 14.6% in 2021, then rising significantly to 21.13% in 2022, and declining again to around 17% by 2024. This variability suggests active portfolio adjustments within the short-term investment category.
- Accounts Receivable, Net
- The accounts receivable metric remained relatively stable, with a mild increase from 11.58% in 2020 to peak at 12.97% in 2022, followed by a decline to 10.99% in 2024. This trend may reflect changes in credit sales or collection efficiency.
- Current Portion of Deferred Commissions
- This item shows a slight decreasing trend from 2.63% in 2020 to 2.54% in 2024, indicating a modest reduction in deferred commissions expected to be recognized as expenses within one year.
- Prepaid Expenses and Other Current Assets
- There is a gradual increase in prepaid expenses and other current assets from 2.2% in 2020 to 3.28% in 2024, suggesting a growing proportion of assets paid in advance or classified under miscellaneous current assets.
- Current Assets
- The overall current assets decreased from 51.89% of total assets in 2020 to about 45% by 2024. This decline reflects a shift in asset composition, with a reduced emphasis on short-term holdings relative to total assets.
- Deferred Commissions, Less Current Portion
- This asset category shows a decreasing trend from 5.1% in 2020 to 4.9% in 2024, indicating a reduction in long-term deferred commissions carrying value over time.
- Long-term Investments
- Long-term investments rose notably from 16.84% in 2020 to 20.17% by 2024, signifying increased allocation towards longer-duration investment instruments within the asset base.
- Property and Equipment, Net
- The net property and equipment asset percentage remained fairly stable, with a slight increase from 7.57% in 2020 to 8.65% in 2024, indicating moderate investment or capitalization in fixed assets.
- Operating Lease Right-of-Use Assets
- There is a consistent decline in the operating lease right-of-use assets from 5.21% in 2020 to 3.4% in 2024, reflecting a decrease in leased asset commitments or amortization effects over the period.
- Intangible Assets, Net
- Net intangible assets showed a declining trend from 1.76% in 2020 to 1.03% in 2024, suggesting amortization or impairment effects on intangible asset values.
- Goodwill
- Goodwill experienced volatility, rising sharply from 2.76% in 2020 to 7.2% in 2021, then trending downward to 6.25% by 2024. This pattern may be related to business acquisitions followed by write-downs or revaluations.
- Deferred Tax Assets
- The percentage of deferred tax assets declined from 7.72% in 2020 to 4.78% in 2022, then rebounded to 6.79% in 2024, indicating fluctuations potentially tied to tax positions and timing differences recognized in the balance sheet.
- Other Assets
- Other assets showed a gradual increase from 1.15% in 2020 to 3.74% in 2024, highlighting a rising proportion of miscellaneous long-term asset holdings.
- Long-term Assets
- Long-term assets increased from 48.11% in 2020 to approximately 55% in 2023 and 2024, demonstrating a strategic shift towards longer-term resource allocation in the asset structure.
- Overall Asset Composition
- The total assets consistently represent 100% throughout the periods, confirming that all asset categories are expressed as proportions of total assets, facilitating analysis of trends in asset structure. The data indicates a gradual transition from current to long-term assets, reductions in liquidity-related items, and increased emphasis on investments and some fixed asset categories.