Stock Analysis on Net

ServiceNow Inc. (NYSE:NOW)

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

Microsoft Excel
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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents 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 1,348 837 809 776 623 584 640
Short-term investments 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 1,050 915 848 1,070 1,022
Accounts receivable, net 2,036 1,168 1,093 1,109 1,725 898 853 824 1,390 776 781 645 1,009 631 632 615 835 539 503 423
Current portion of deferred commissions 461 417 401 392 369 330 323 322 303 268 255 241 229 203 192 183 175 158 152 145
Prepaid expenses and other current assets 403 394 362 319 280 292 322 282 223 213 205 182 191 181 171 149 125 128 133 145
Current assets 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 2,827 2,297 2,442 2,374
Deferred commissions, less current portion 919 807 777 777 742 650 640 655 623 524 494 471 444 374 356 340 333 293 287 283
Long-term investments 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 1,013 1,002 747 675
Property and equipment, net 1,358 1,199 1,148 1,117 1,053 914 876 798 766 740 732 693 660 564 547 471 468 401 364 351
Operating lease right-of-use assets 715 699 656 682 682 581 604 583 591 606 466 455 454 458 463 465 402 405 398 394
Intangible assets, net 224 242 191 212 232 234 257 266 287 302 310 221 153 156 164 171 144 113 122 93
Goodwill 1,231 1,204 821 823 824 794 803 774 777 770 793 361 241 232 211 208 157 154 152 151
Deferred tax assets 1,508 1,505 1,551 640 636 604 642 686 692 694 665 643 673 621 594 586 600
Other assets 452 450 436 390 359 336 340 305 212 170 152 106 100 74 72 74 78 92 90 78
Long-term assets 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 3,196 2,460 2,160 2,024
Total assets 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 6,022 4,757 4,603 4,399

Based on: 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), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. ServiceNow Inc. current assets decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. ServiceNow Inc. property and equipment, net increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. ServiceNow Inc. long-term assets increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. ServiceNow Inc. total assets increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. ServiceNow Inc. cash and cash equivalents decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level.
Short-term investments Amount of investment in marketable security, classified as current. ServiceNow Inc. short-term investments decreased from Q2 2023 to Q3 2023 but then slightly increased from Q3 2023 to Q4 2023.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. ServiceNow Inc. accounts receivable, net increased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.