Upwork
Balance Sheet
Last updated:
The balance sheet is a financial statement presenting the value of assets, liabilities and equity of a company. How has Upwork's balance sheet done over the years? Its assets were worth $1,037,540,999 last year, which is less than in the previous period. 63% of Upwork’s total assets is currently financed by debt. Its liabilities reached the amount of $656,466,000, which means an decrease by -21% compared compared to last year.
Debt to Assets
| 2016 | 249600000 | 279.73M | 112.07% |
|---|---|---|---|
| 2017 | 275189000 | 306.55M | 111.4% |
| 2018 | 391573000 | 147.82M | 37.75% |
| 2019 | 446380000 | 186.95M | 41.88% |
| 2020 | 529227000 | 229.91M | 43.44% |
| 2021 | 1081061000 | 821.54M | 75.99% |
| 2022 | 1080245000 | 831.36M | 76.96% |
| 2023 | 1037540999 | 656.46M | 63.27% |
UPWK Balance Sheet (2016 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|
Assets | ||||||||
Current assets: | ||||||||
Cash and cash equivalents | 79.64M | 129.38M | 187.20M | 94.08M | 48.39M | 129.12M | 21.59M | 27.32M |
Short term investments | 470.45M | 557.23M | 497.56M | 75.57M | 85.48M | 0 | 0 | 0 |
Net receivables | 103.06M | 64.88M | 66.82M | 47.01M | 30.15M | 22.31M | 30.76M | 25.32M |
Inventory | 0 | 161.45M | 1 | 1 | 1 | 0 | 0 | 0 |
Other current assets | 230.21M | 17.94M | 178.05M | 144.13M | 114.90M | 104.43M | 91.76M | 63.97M |
Total current assets | 883.37M | 930.90M | 929.65M | 360.80M | 280.63M | 255.88M | 144.12M | 116.61M |
Non-current assets: | ||||||||
Property, Plant and Equipment | 31.47M | 29.66M | 32.01M | 47.86M | 43.36M | 10.81M | 3.51M | 2.60M |
Goodwill | 118.21M | 118.21M | 118.21M | 118.21M | 118.21M | 118.21M | 118.21M | 118.21M |
Intangible assets | 3.04M | 0 | 0 | 667K | 3.33M | 6.00M | 8.67M | 11.39M |
Long term investments | 0 | 800K | 800K | 1M | 800K | 0 | 0 | 0 |
Other non-current assets | 1.42M | 1.45M | 1.17M | 1.67M | 829K | 653K | 658K | 759K |
Total non-current assets | 154.16M | 149.33M | 151.40M | 168.42M | 165.74M | 135.69M | 131.06M | 132.98M |
Total assets | 1.03B | 1.08B | 1.08B | 529.22M | 446.38M | 391.57M | 275.18M | 249.6M |
Liabilities | ||||||||
| Current liabilities: | ||||||||
Accounts payable | ||||||||
Deferred revenue | 17.36M | 25.07M | 22.08M | 16.80M | 13.79M | 722K | 614K | 594K |
Short term debt | 5.68M | 6.50M | 6.31M | 7.58M | 7.58M | 5.67M | 10.34M | 2.99M |
Total current liabilities | 293.00M | 247.69M | 233.63M | 198.74M | 149.09M | 127.6M | 114.64M | 85.41M |
| Non-current liabilities: | ||||||||
Long term debt | 362.17M | 575.43M | 578.05M | 23.64M | 31.88M | 18.23M | 23.49M | 13.97M |
Deferred tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other non-current liabilities | 1.28M | 8.23M | 9.85M | 7.52M | 5.97M | 1.98M | 168.42M | 180.34M |
Total non-current liabilities | 363.46M | 583.67M | 587.91M | 31.17M | 37.85M | 20.22M | 191.91M | 194.31M |
Total liabilities | 656.46M | 831.36M | 821.54M | 229.91M | 186.95M | 147.82M | 306.55M | 279.73M |
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