Stock Analysis on Net

Airbnb Inc. (NASDAQ:ABNB)

Analysis of Property, Plant and Equipment

Microsoft Excel

Property, Plant and Equipment Disclosure

Airbnb Inc., balance sheet: property, plant and equipment

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Computer software and capitalized internal-use software 122 51 164 175 164
Leasehold improvements 110 90 152 214 243
Computer equipment 15 22 32 57 56
Buildings and land 17 17 17 17 17
Office furniture and equipment 8 8 23 43 48
Construction in progress 16 82 45 30 11
Property and equipment, gross 288 270 433 536 538
Accumulated depreciation and amortization (141) (110) (312) (379) (268)
Property and equipment, net 147 160 121 157 270

Based on: 10-K (reporting date: 2024-12-31), 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).

Item Description The company
Property and equipment, gross Amount before accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Airbnb Inc. property and equipment, gross decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
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. Airbnb Inc. property and equipment, net increased from 2022 to 2023 but then slightly decreased from 2023 to 2024.

Asset Age Ratios (Summary)

Airbnb Inc., asset age ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Average age ratio 48.96% 40.74% 72.06% 70.77% 49.78%
Estimated total useful life (years) 18 15 10 6 6
Estimated age, time elapsed since purchase (years) 9 6 7 4 3
Estimated remaining life (years) 9 9 3 2 3

Based on: 10-K (reporting date: 2024-12-31), 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).

Asset age ratio Description The company
Average age ratio As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Airbnb Inc. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.
Estimated total useful life Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. Airbnb Inc. estimated total useful life of depreciable property, plant and equipment increased from 2022 to 2023 and from 2023 to 2024.
Estimated time elapsed since purchase The approximate age in years of a company fixed assets. Useful for comparison purposes. Airbnb Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Estimated remaining life Airbnb Inc. estimated remaining life of depreciable property, plant and equipment increased from 2022 to 2023 and from 2023 to 2024.

Average Age

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization 141 110 312 379 268
Property and equipment, gross 288 270 433 536 538
Asset Age Ratio
Average age1 48.96% 40.74% 72.06% 70.77% 49.78%

Based on: 10-K (reporting date: 2024-12-31), 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).

2024 Calculations

1 Average age = 100 × Accumulated depreciation and amortization ÷ Property and equipment, gross
= 100 × 141 ÷ 288 = 48.96%

Asset age ratio Description The company
Average age As long as straight-line depreciation is used, this is an accurate estimate of asset age as a percentage of depreciable life. The relative age is a useful measure of whether the company fixed asset base is old or new. Newer assets are likely to be more efficient. Airbnb Inc. average age ratio of depreciable property, plant and equipment improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024.

Estimated Total Useful Life

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Property and equipment, gross 288 270 433 536 538
Depreciation expense related to property and equipment 16 18 43 86 90
Asset Age Ratio (Years)
Estimated total useful life1 18 15 10 6 6

Based on: 10-K (reporting date: 2024-12-31), 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).

2024 Calculations

1 Estimated total useful life = Property and equipment, gross ÷ Depreciation expense related to property and equipment
= 288 ÷ 16 = 18

Asset age ratio Description The company
Estimated total useful life Over longer time periods, this ratio is a useful measure of company depreciation policy and can be used for comparisons with competitors. Airbnb Inc. estimated total useful life of depreciable property, plant and equipment increased from 2022 to 2023 and from 2023 to 2024.

Estimated Age, Time Elapsed since Purchase

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Accumulated depreciation and amortization 141 110 312 379 268
Depreciation expense related to property and equipment 16 18 43 86 90
Asset Age Ratio (Years)
Time elapsed since purchase1 9 6 7 4 3

Based on: 10-K (reporting date: 2024-12-31), 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).

2024 Calculations

1 Time elapsed since purchase = Accumulated depreciation and amortization ÷ Depreciation expense related to property and equipment
= 141 ÷ 16 = 9

Asset age ratio Description The company
Estimated time elapsed since purchase The approximate age in years of a company fixed assets. Useful for comparison purposes. Airbnb Inc. estimated time elapsed since purchase of depreciable property, plant and equipment improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Estimated Remaining Life

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Property and equipment, net 147 160 121 157 270
Depreciation expense related to property and equipment 16 18 43 86 90
Asset Age Ratio (Years)
Estimated remaining life1 9 9 3 2 3

Based on: 10-K (reporting date: 2024-12-31), 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).

2024 Calculations

1 Estimated remaining life = Property and equipment, net ÷ Depreciation expense related to property and equipment
= 147 ÷ 16 = 9

Asset age ratio Description The company
Estimated remaining life Airbnb Inc. estimated remaining life of depreciable property, plant and equipment increased from 2022 to 2023 and from 2023 to 2024.