Stock Analysis on Net

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

ServiceNow Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Accounts payable 1.47 0.33 0.90 1.63 1.27 0.72 0.46 1.15 1.67 2.06 1.76 2.39 1.51 0.82 0.68 1.07 1.24 0.39 0.67 1.32 1.19
Accrued expenses and other current liabilities 5.29 6.72 5.74 6.39 5.80 7.85 6.63 5.98 5.10 7.33 5.92 6.35 6.01 7.87 6.37 6.62 5.49 7.67 5.74 6.85 5.99
Current portion of deferred revenue 32.12 33.45 29.60 30.84 32.49 33.27 29.42 30.91 34.83 35.04 31.43 33.20 35.02 35.53 31.11 32.91 33.94 33.99 29.52 34.51 35.74
Current portion of operating lease liabilities 0.49 0.50 0.58 0.54 0.52 0.51 0.60 0.60 0.71 0.72 0.80 0.78 0.79 0.76 0.87 0.87 0.87 0.83 0.88 1.01 0.98
Current debt, net 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.80 0.85 0.98 1.08 0.00 0.00 0.00 0.00 0.00
Current liabilities 39.38% 41.00% 36.81% 39.39% 40.09% 42.36% 37.11% 38.65% 42.32% 45.15% 39.91% 42.72% 44.14% 45.83% 40.01% 42.54% 41.53% 42.88% 36.80% 43.69% 43.91%
Deferred revenue, less current portion 0.56 0.47 0.42 0.47 0.57 0.47 0.30 0.30 0.39 0.53 0.57 0.52 0.52 0.58 0.56 0.53 0.57 0.52 0.49 0.48 0.65
Operating lease liabilities, less current portion 3.84 3.37 3.53 3.67 3.95 4.07 4.52 4.26 4.81 4.89 4.96 5.15 4.98 5.15 5.99 4.65 4.76 4.85 5.58 6.69 7.11
Long-term debt, net, less current portion 7.10 7.31 8.08 8.17 8.48 8.56 9.85 9.96 10.92 11.17 13.37 13.38 13.50 13.74 15.66 16.14 18.26 18.82 22.13 10.67 11.32
Other long-term liabilities 0.77 0.71 0.77 0.70 0.70 0.68 0.62 0.42 0.43 0.42 0.47 0.45 0.50 0.47 0.50 0.49 0.45 0.40 0.30 0.45 0.44
Long-term liabilities 12.28% 11.85% 12.79% 13.01% 13.70% 13.77% 15.29% 14.94% 16.55% 17.01% 19.37% 19.50% 19.50% 19.95% 22.71% 21.81% 24.04% 24.59% 28.50% 18.30% 19.53%
Total liabilities 51.65% 52.86% 49.60% 52.40% 53.79% 56.13% 52.41% 53.59% 58.87% 62.16% 59.27% 62.22% 63.64% 65.78% 62.71% 64.35% 65.57% 67.48% 65.30% 61.99% 63.43%
Preferred stock, $0.001 par value; no shares issued or outstanding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.001 par value 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Treasury stock, at cost -7.21 -5.98 -5.02 -3.87 -4.03 -3.08 -1.87 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Additional paid-in capital 37.04 36.31 38.66 37.18 36.86 35.26 38.74 36.76 38.06 36.06 40.58 37.70 35.70 33.94 37.10 35.90 35.51 34.12 37.28 41.59 41.70
Accumulated other comprehensive income (loss) -0.33 -0.33 -0.11 -0.43 -0.39 -0.21 -1.04 -0.61 -0.51 -0.77 -1.55 -0.90 -0.15 0.31 0.51 0.76 0.63 1.08 0.67 0.46 -0.23
Retained earnings (accumulated deficit) 18.85 17.14 16.87 14.71 13.77 11.90 11.76 10.27 3.58 2.54 1.69 0.97 0.80 -0.04 -0.32 -1.01 -1.72 -2.68 -3.25 -4.04 -4.91
Stockholders’ equity 48.35% 47.14% 50.40% 47.60% 46.21% 43.87% 47.59% 46.41% 41.13% 37.84% 40.73% 37.78% 36.36% 34.22% 37.29% 35.65% 34.43% 32.52% 34.70% 38.01% 36.57%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Liabilities Trends
The proportion of current liabilities as a percentage of total liabilities and stockholders’ equity fluctuates over the examined periods, ranging from a low near 36% to a high above 45%. The current portion of deferred revenue typically represents the largest component of current liabilities, consistently around 30%-35%, showing a generally stable but slightly decreasing trend over time. Accounts payable fluctuate considerably, showing peaks and troughs but generally remaining below 2.5%. Accrued expenses and other current liabilities remain relatively stable in the mid-single digits, between approximately 5% and 7.9%. Current portion of operating lease liabilities shows a gradual declining trend from about 1% to below 0.5%. Current debt, net is sporadically present and small, suggesting limited reliance on short-term borrowing.
Long-Term Liabilities
Long-term liabilities exhibit a declining trend over the periods with values starting near 28.5% at peak and gradually decreasing towards approximately 11%-12% by the end of the series. Specifically, long-term debt net of the current portion decreases steadily from over 22% down to around 7%. Operating lease liabilities less current portion also decline from slightly above 7% down to below 4%. Other long-term liabilities remain small and fairly constant, around 0.4% to 0.8%.
Total Liabilities
Total liabilities as a proportion of total liabilities and stockholders’ equity decrease from above 67% in early 2020 to a range near 49.6%-53% in the most recent quarters, indicating a gradual reduction in leverage or relative liabilities weight compared to equity over time. This suggests strengthening of the company’s balance sheet or lower relative liabilities.
Stockholders’ Equity Composition
Stockholders’ equity grows over time as a percentage of total liabilities and stockholders’ equity, starting near 32.5% and increasing to levels around 50%. Retained earnings show consistent and substantial improvement, moving from negative values in early 2020 into steadily rising positive territory reaching nearly 19%, indicating improved profitability and earnings retention. Additional paid-in capital remains generally stable between 33% and 41%, reflecting consistent equity contributions or valuation adjustments. Treasury stock, reported only in later periods, shows increasing negative values (up to around -7%), indicating repurchases or treasury holdings increasing over time. Accumulated other comprehensive income/loss fluctuates slightly, generally remaining a small negative factor.
Overall Capital Structure
The company's capital structure shows a trend towards lower leverage with total liabilities decreasing as a portion of total capital while stockholders’ equity grows stronger. This shift aligns with growing retained earnings and stable paid-in capital, suggesting a maturing financial position with less reliance on debt financing. The company's operating lease liabilities are diminishing, reflecting possibly changes in lease strategy or obligation structure over the analyzed periods.