Applovin Corporation (APP) Financial Statements (2024 and earlier)

Company Profile

Business Address 1100 PAGE MILL RD
PALO ALTO, CA 94304-1047
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 737 - Computer Programming, Data Processing, And Other Computer Related Services (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments5021,0801,521
Cash and cash equivalents5021,0801,521
Restricted cash and investments   1,050
Receivables954703515
Other undisclosed current assets160156150
Total current assets:1,6161,9393,235
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization 1596545
Operating lease, right-of-use asset 486071
Intangible assets, net (including goodwill)3,1353,5012,676
Goodwill1,8431,824966
Intangible assets, net (excluding goodwill)1,2931,6781,709
Other noncurrent assets386268118
Other undisclosed noncurrent assets141319
Total noncurrent assets:3,7433,9092,929
TOTAL ASSETS:5,3595,8486,164
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities624421392
Accounts payable372273258
Accrued liabilities252148134
Deferred revenue796479
Debt2156752
Other undisclosed current liabilities 2727118
Total current liabilities:944579640
Noncurrent Liabilities
Long-term debt and lease obligation2,9063,1783,264
Long-term debt, excluding current maturities2,9063,1783,202
Liabilities, other than long-term debt253161113
Other liabilities210107113
Operating lease, liability 435462
Other undisclosed noncurrent liabilities  278
Total noncurrent liabilities:3,1593,3663,385
Total liabilities:4,1033,9454,025
Temporary equity, carrying amount   0
Equity
Equity, attributable to parent1,2561,9032,138
Common stock000
Additional paid in capital2,1353,1563,160
Accumulated other comprehensive loss(65)(83)(45)
Accumulated deficit(813)(1,170)(977)
Total equity:1,2561,9032,138
TOTAL LIABILITIES AND EQUITY:5,3595,8486,164

Income Statement (P&L) ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Revenues3,2832,8172,793
Cost of revenue(1,059)(1,256)(988)
Gross profit:2,2241,5611,805
Operating expenses(1,576)(1,609)(1,655)
Operating income (loss):648(48)150
Nonoperating expense(268)(157)(104)
Interest and debt expense(276)(172)(103)
Income (loss) from continuing operations before equity method investments, income taxes:105(377)(57)
Other undisclosed income from continuing operations before income taxes276172103
Income (loss) from continuing operations before income taxes:381(205)46
Income tax expense (benefit)(24)12(11)
Income (loss) from continuing operations:357(193)35
Income before gain (loss) on sale of properties:35
Net income (loss):357(193)35
Net income attributable to noncontrolling interest  00
Net income (loss) attributable to parent:357(193)35
Undistributed earnings (loss) allocated to participating securities, basic(2) (4)
Net income (loss) available to common stockholders, basic:355(193)32
Other undisclosed net income available to common stockholders, diluted0 0
Net income (loss) available to common stockholders, diluted:355(193)32

Comprehensive Income ($ in millions)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
Net income (loss):357(193)35
Other comprehensive income (loss)18(38)(46)
Comprehensive income (loss):375(231)(11)
Comprehensive income, net of tax, attributable to noncontrolling interest  00
Comprehensive income (loss), net of tax, attributable to parent:375(231)(11)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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