Spotify Technology S.A. (LON: 0SPT)

Spotify Technology Balance Sheet

Financials in millions EUR. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 29, 2024	Dec 30, 2023	Dec 30, 2022	Dec 30, 2021	Dec 30, 2020	Dec 30, 2019
Cash & Equivalents	4,688	3,114	2,483	2,744	1,151	1,065
Short-Term Investments	896	859	867	689	320	536
Cash & Short-Term Investments	5,584	3,973	3,350	3,433	1,471	1,601
Cash Growth	60.69%	18.60%	-2.42%	133.38%	-8.12%	9.51%
Accounts Receivable	537	602	502	437	319	297
Other Receivables	239	276	193	189	149	109
Receivables	776	878	695	626	468	406
Prepaid Expenses	85	64	89	74	47	36
Other Current Assets	558	345	218	239	380	188
Total Current Assets	7,003	5,260	4,352	4,372	2,366	2,231
Property, Plant & Equipment	430	547	765	809	757	780
Long-Term Investments	1,604	1,215	1,138	916	2,277	1,497
Goodwill	1,128	1,137	1,168	894	736	478
Other Intangible Assets	49	71	108	58	64	32
Long-Term Deferred Tax Assets	194	28	8	13	15	9
Long-Term Deferred Charges	9	13	19	31	33	26
Other Long-Term Assets	72	75	78	77	78	69
Total Assets	10,553	8,346	7,636	7,170	6,326	5,122
Accounts Payable	738	662	588	534	434	377
Accrued Expenses	2,536	2,674	2,287	2,034	1,909	1,590
Current Portion of Leases	68	65	58	44	31	-
Current Income Taxes Payable	21	12	11	23	9	9
Current Unearned Revenue	680	622	520	458	380	319
Other Current Liabilities	63	55	52	133	137	144
Total Current Liabilities	4,106	4,090	3,516	3,226	2,900	2,439
Long-Term Debt	1,340	1,203	1,128	1,202	-	-
Long-Term Leases	446	493	555	579	577	622
Long-Term Deferred Tax Liabilities	20	8	5	-	-	2
Other Long-Term Liabilities	8	29	31	44	44	22
Total Liabilities	5,920	5,823	5,235	5,051	3,521	3,085
Additional Paid-In Capital	5,825	5,155	4,789	4,746	4,583	4,192
Retained Earnings	-3,411	-4,182	-3,647	-3,220	-3,290	-2,709
Treasury Stock	-262	-262	-262	-260	-175	-370
Comprehensive Income & Other	2,481	1,812	1,521	853	1,687	924
Shareholders' Equity	4,633	2,523	2,401	2,119	2,805	2,037
Total Liabilities & Equity	10,553	8,346	7,636	7,170	6,326	5,122
Total Debt	1,854	1,761	1,741	1,825	608	622
Net Cash (Debt)	3,730	2,212	1,609	1,608	863	979
Net Cash Growth	121.89%	37.48%	0.06%	86.33%	-11.85%	-33.04%
Net Cash Per Share	18.33	11.36	8.22	8.29	4.60	5.41
Filing Date Shares Outstanding	202.08	197.14	193.29	192.15	190.21	184.33
Total Common Shares Outstanding	202.08	197.14	193.29	192.15	190.21	184.33
Working Capital	2,897	1,170	836	1,146	-534	-208
Book Value Per Share	22.93	12.80	12.42	11.03	14.75	11.05
Tangible Book Value	3,456	1,315	1,125	1,167	2,005	1,527
Tangible Book Value Per Share	17.10	6.67	5.82	6.07	10.54	8.28
Leasehold Improvements	385	444	448	422	346	295

Source: S&P Capital IQ. Standard template. Financial Sources.