Stock Analysis on Net

ServiceNow Inc. (NYSE:NOW)

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

ServiceNow Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Accounts payable 126 274 89 34 53
Accrued payroll 650 490 444 372 231
Taxes payable 123 109 101 58 38
Other employee related liabilities 167 150 121 92 75
Other 425 226 184 146 118
Accrued expenses and other current liabilities 1,365 975 850 668 461
Current portion of deferred revenue 5,785 4,660 3,836 2,963 2,186
Current portion of operating lease liabilities 89 96 82 72 53
Current debt, net 92
Current liabilities 7,365 6,005 4,949 3,737 2,753
Deferred revenue, less current portion 81 70 63 45 40
Operating lease liabilities, less current portion 707 650 556 423 383
Long-term debt, net, less current portion 1,488 1,486 1,484 1,640 695
Other long-term liabilities 118 56 51 35 23
Long-term liabilities 2,394 2,262 2,154 2,143 1,142
Total liabilities 9,759 8,267 7,103 5,881 3,894
Preferred stock, $0.001 par value; no shares issued or outstanding
Common stock, $0.001 par value
Treasury stock, at cost (535)
Additional paid-in capital 6,131 4,796 3,665 2,974 2,455
Accumulated other comprehensive income (loss) (37) (102) 34 94 25
Retained earnings (accumulated deficit) 2,069 338 (4) (234) (352)
Stockholders’ equity 7,628 5,032 3,695 2,834 2,128
Total liabilities and stockholders’ equity 17,387 13,299 10,798 8,715 6,022

Based on: 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), 10-K (reporting date: 2019-12-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. ServiceNow Inc. current liabilities increased from 2021 to 2022 and from 2022 to 2023.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. ServiceNow Inc. long-term liabilities increased from 2021 to 2022 and from 2022 to 2023.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. ServiceNow Inc. total liabilities increased from 2021 to 2022 and from 2022 to 2023.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. ServiceNow Inc. stockholders’ equity increased from 2021 to 2022 and from 2022 to 2023.