Stock Analysis on Net

Advanced Micro Devices Inc. (NASDAQ:AMD)

$24.99

Common-Size Balance Sheet: Assets
Quarterly Data

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Advanced Micro Devices Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Mar 29, 2025 Dec 28, 2024 Sep 28, 2024 Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Sep 24, 2022 Jun 25, 2022 Mar 26, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventories
Prepaid expenses and other current assets
Current assets
Property and equipment, net
Goodwill
Acquisition-related intangibles, net
Deferred tax assets
Other non-current assets
Non-current assets
Total assets

Based on: 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-24), 10-Q (reporting date: 2022-06-25), 10-Q (reporting date: 2022-03-26), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).


Cash and cash equivalents
The proportion of cash and cash equivalents relative to total assets experienced a notable decline from the end of 2021 through most of 2023, dropping from around 20% to a low near 5%. However, from early 2024 onwards, there is a modest increase, reaching approximately 8.45% by March 2025, indicating a recent rebuilding of liquid assets.
Short-term investments
Short-term investments as a percentage of total assets showed fluctuations, peaking near 13.47% in the first quarter of 2021, then generally declining to under 2% by the end of 2024 and early 2025. This trend suggests a decreasing allocation to short-duration financial assets over time.
Accounts receivable, net
The accounts receivable ratio remained relatively stable with minor fluctuations until late 2021, after which it significantly declined to a low single-digit percentage in early 2022. From 2023 onward, it gradually grew again, reaching close to 9% by early 2025, reflecting variability in outstanding customer credit over time.
Inventories
The inventory proportion generally decreased from 18-20% levels at the start of the period to around 3-5% by early 2022. From that point forward, a gradual steady rise is observable, reaching about 9% by the first quarter of 2025, signaling increased stock levels in relation to total assets.
Prepaid expenses and other current assets
This category showed a gradual decrease in share during the early periods, stabilizing around 1-2% from early 2022, with a slow upward trend thereafter, attaining approximately 3.4% in early 2025. This indicates a moderate increase in prepaid and miscellaneous current asset holdings in recent quarters.
Current assets
The overall current assets ratio displayed a decline from around 75-78% in 2020 to under 20% by early 2022, followed by a consistent upward trend through 2023 and early 2025, culminating near 30%. This suggests a significant shift in the asset structure with an increasing emphasis on liquidity and short-term resources.
Property and equipment, net
The ratio of property and equipment to total assets steadily decreased from above 9% in early 2020 to around 2-3% post-2021, showing only a slight gradual increase in recent quarters. This points to a reduced relative investment in physical plant and equipment over time.
Goodwill
Goodwill accounted for a small percentage (approximately 2-5%) of total assets in the earliest periods but showed a dramatic jump to over 34% starting in 2022. It remained consistently high at this elevated level through early 2025, indicating significant intangible asset recognition likely from acquisitions or business combinations.
Acquisition-related intangibles, net
This portion became visible in early 2022 at above 40%, thereafter steadily declining toward about 25.66% by early 2025. The decline suggests amortization or impairment of acquisition-related intangible assets over time, though they remain an important component of total assets.
Deferred tax assets
Deferred tax assets emerged as a material component starting in early 2021 at roughly 13.89%, then sharply dropped to near zero by early 2022. Since then, a gradual increase is noted, peaking at around 1.7% in late 2024 before slightly declining again, reflecting changes in tax positions and timing differences.
Other non-current assets
The share of other non-current assets reported a downward trend from 11% in early 2020 to just above 3% in early 2022, followed by a steady increase into early 2025, reaching about 5.6%. This pattern suggests a rebalancing within non-current asset categories.
Non-current assets
Non-current assets as a proportion of total assets displayed a gradual decrease from around 31-32% in 2020 to approximately 69.82% by early 2025, reflecting a significant reclassification or change in asset structure. The overall decrease in non-current assets percentage corresponds inversely with the increase in current asset ratios noted in the same timeframe.