Balance Sheet: Assets
Quarterly Data

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.

ServiceNow Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

	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
Cash and cash equivalents	3,369)	2,304)	1,885)	2,159)	2,056)	1,897)	1,112)	1,663)	1,852)	1,470)	1,248)	1,664)	2,252)	1,728)	1,400)	1,362)	1,821)	1,677)	1,348)	837)	809)
Short-term investments	3,228)	3,458)	3,410)	3,254)	3,054)	2,980)	2,955)	3,084)	3,062)	2,810)	2,708)	2,170)	1,762)	1,576)	1,631)	1,622)	1,635)	1,415)	1,603)	1,505)	1,050)
Accounts receivable, net	1,359)	2,240)	1,308)	1,518)	1,306)	2,036)	1,168)	1,093)	1,109)	1,725)	898)	853)	824)	1,390)	776)	781)	645)	1,009)	631)	632)	615)
Current portion of deferred commissions	533)	517)	502)	482)	474)	461)	417)	401)	392)	369)	330)	323)	322)	303)	268)	255)	241)	229)	203)	192)	183)
Prepaid expenses and other current assets	781)	668)	591)	608)	482)	403)	394)	362)	319)	280)	292)	322)	282)	223)	213)	205)	182)	191)	181)	171)	149)
Current assets	9,270)	9,187)	7,696)	8,021)	7,372)	7,777)	6,046)	6,603)	6,734)	6,654)	5,476)	5,332)	5,442)	5,220)	4,288)	4,225)	4,524)	4,522)	3,967)	3,337)	2,806)
Deferred commissions, less current portion	1,012)	999)	946)	928)	930)	919)	807)	777)	777)	742)	650)	640)	655)	623)	524)	494)	471)	444)	374)	356)	340)
Long-term investments	4,335)	4,111)	3,829)	3,472)	3,666)	3,203)	2,939)	2,740)	2,239)	2,117)	1,517)	1,608)	1,484)	1,630)	1,384)	1,350)	1,348)	1,468)	1,260)	777)	1,078)
Property and equipment, net	1,885)	1,763)	1,718)	1,606)	1,450)	1,358)	1,199)	1,148)	1,117)	1,053)	914)	876)	798)	766)	740)	732)	693)	660)	564)	547)	471)
Operating lease right-of-use assets	810)	693)	661)	675)	698)	715)	699)	656)	682)	682)	581)	604)	583)	591)	606)	466)	455)	454)	458)	463)	465)
Intangible assets, net	230)	209)	214)	220)	224)	224)	242)	191)	212)	232)	234)	257)	266)	287)	302)	310)	221)	153)	156)	164)	171)
Goodwill	1,305)	1,273)	1,291)	1,239)	1,224)	1,231)	1,204)	821)	823)	824)	794)	803)	774)	777)	770)	793)	361)	241)	232)	211)	208)
Deferred tax assets	1,361)	1,385)	1,444)	1,447)	1,478)	1,508)	1,505)	1,551)	640)	636)	604)	642)	686)	692)	694)	665)	643)	673)	621)	594)	586)
Other assets	764)	763)	635)	599)	502)	452)	450)	436)	390)	359)	336)	340)	305)	212)	170)	152)	106)	100)	74)	72)	74)
Long-term assets	11,702)	11,196)	10,738)	10,186)	10,172)	9,610)	9,045)	8,320)	6,880)	6,645)	5,630)	5,770)	5,551)	5,578)	5,190)	4,962)	4,298)	4,193)	3,739)	3,184)	3,392)
Total assets	20,972)	20,383)	18,434)	18,207)	17,544)	17,387)	15,091)	14,923)	13,614)	13,299)	11,106)	11,102)	10,993)	10,798)	9,478)	9,187)	8,822)	8,715)	7,705)	6,521)	6,197)

The analysis of the quarterly financial data reveals several key trends in the company's asset structure and liquidity position from March 2020 through March 2025.

Cash and Cash Equivalents: This item demonstrates a generally upward trend with some fluctuations. Starting at $809 million in March 2020, the balance peaked at $2,304 million by the first quarter of 2025, with notable volatility during mid-to-late 2022 and 2023. The substantial increase toward the end of the analyzed period indicates improving liquidity.
Short-Term Investments: Short-term investments steadily increased from $1,050 million in March 2020 to a peak of $3,458 million in September 2024, with a slight decrease to $3,228 million by March 2025. This consistent growth suggests a strategic buildup of liquid assets to enhance financial flexibility.
Accounts Receivable, Net: Accounts receivable fluctuate over the period, with initial values around $615-$632 million in early 2020, rising sharply to $2,240 million in December 2024. The increases, especially in late 2021 and late 2024, may indicate growth in sales or extended credit terms to customers, potentially impacting working capital management.
Current Portion of Deferred Commissions: This component shows a continuous increase from $183 million in March 2020 to $533 million in March 2025, reflecting rising prepaid sales commissions expected to be amortized within the next year, consistent with revenue growth.
Prepaid Expenses and Other Current Assets: There is a general upward pattern from $149 million at the start to $781 million by March 2025. The increase points to higher prepaid costs or other current assets, likely correlating with business expansion and increased operational activities.
Current Assets: Current assets expanded considerably from $2,806 million in March 2020 to $9,270 million by March 2025. This growth, driven by increases in cash, short-term investments, and receivables, underscores strengthened liquidity and operational scaling.
Deferred Commissions, Less Current Portion: This long-term component increased from $340 million to $1,012 million over the period, indicating rising deferred costs related to sales commissions amortized over periods longer than one year, reflecting sustained sales activity.
Long-Term Investments: Long-term investments rose from $1,078 million to $4,335 million, with some fluctuations in the mid-periods. This growth highlights a strategy to invest surplus funds in longer-term assets, supporting asset diversification and yield enhancement.
Property and Equipment, Net: Property and equipment assets showed steady growth from $471 million to $1,885 million, indicating ongoing capital expenditures and asset accumulation supporting business operations and capacity expansion.
Operating Lease Right-of-Use Assets: This asset category remained relatively stable with minor fluctuations, increasing modestly from $465 million to $810 million, suggesting consistent leasing obligations without significant changes in leased asset scale.
Intangible Assets, Net: Intangible assets displayed modest variability, with values declining slightly overall from $171 million to roughly $230 million by the end. The fluctuating figures could be related to amortization and periodic impairment evaluations.
Goodwill: Goodwill increased substantially from $208 million to $1,305 million, particularly pronounced in 2021 and 2023, pointing to acquisitions and business combinations that have expanded the company’s intangible value base.
Deferred Tax Assets: Deferred tax assets fluctuated notably, surging to $1,551 million in mid-2023 before declining steadily to $1,361 million in March 2025. These movements may reflect changes in taxable temporary differences and tax rate assumptions.
Other Assets: Other assets increased steadily from $74 million to $764 million, indicating enhanced miscellaneous asset holdings alongside business growth.
Long-Term Assets: Long-term assets rose consistently from $3,392 million to $11,702 million, demonstrating significant capital investment, acquisitions, and intangible asset accumulation supporting the company's expanding operational scale.
Total Assets: Total assets showed strong growth from $6,197 million to $20,972 million over the five-year period. This substantial increase reflects ongoing business expansion, increased capital investment, and enhanced liquidity.

Overall, the data illustrates considerable asset growth driven by increased liquidity positions, expansion of receivables, higher capital expenditures, and significant goodwill increases due to acquisitions. The rising deferred commissions and prepaid expenses align with increased sales activities and operational scale. The trend towards larger short-term and long-term investments underlines a focused asset allocation strategy to balance liquidity and returns. These changes suggest a dynamic, growth-oriented financial posture with sustained investments in both tangible and intangible assets.

Assets: Selected Items

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Current Assets: Selected Items

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ServiceNow Inc. (NYSE:NOW)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data