Stock Analysis on Net
Stock Analysis on Net

Advanced Micro Devices Inc. (NASDAQ:AMD)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 

Advanced Micro Devices Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity

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Dec 27, 2025 Dec 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021
Accounts payable 3.81 3.56 3.56 4.37 11.32
Accrued marketing programs 1.89 1.54 1.22 1.30 7.51
Accrued compensation and benefits 2.14 1.70 1.30 1.04 5.68
Customer-related liabilities 1.55 1.95 1.16 1.27 2.53
Other accrued and current liabilities 1.24 0.97 0.86 0.95 3.80
Accrued liabilities 6.82% 6.15% 4.54% 4.55% 19.52%
Current portion of long-term debt, net 1.14 0.00 1.11 0.00 2.51
Other current liabilities 0.52 0.80 0.65 0.50 0.79
Current liabilities 12.29% 10.52% 9.85% 9.42% 34.14%
Long-term debt, net of current portion 3.05 2.49 2.53 3.65 0.01
Long-term operating lease liabilities 0.81 0.71 0.79 0.59 2.80
Deferred tax liabilities 0.41 0.50 1.77 2.86 0.10
Other long-term liabilities 1.54 2.62 2.73 2.46 2.58
Long-term liabilities 5.81% 6.32% 7.81% 9.56% 5.49%
Total liabilities 18.10% 16.84% 17.67% 18.98% 39.63%
Common stock, par value $0.01 0.02 0.02 0.03 0.02 0.10
Additional paid-in capital 82.37 88.64 87.91 85.83 89.13
Treasury stock, at cost -9.20 -8.82 -6.65 -4.59 -17.15
Retained earnings (accumulated deficit) 8.71 3.41 1.07 -0.19 -11.68
Accumulated other comprehensive loss 0.00 -0.10 -0.01 -0.06 -0.02
Stockholders’ equity 81.90% 83.16% 82.33% 81.02% 60.37%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2025-12-27), 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25).

The composition of liabilities and stockholders’ equity exhibited notable shifts over the five-year period. A significant decrease in current liabilities as a percentage of the total is observed between 2021 and 2022, followed by a gradual increase through 2025, though not returning to the 2021 level. Long-term liabilities demonstrated an initial increase from 2021 to 2022, then a decline through 2024, with a slight increase in 2025. Stockholders’ equity experienced a substantial increase relative to total liabilities and equity between 2021 and 2022, remaining relatively stable through 2024 before a slight decrease in 2025.

Current Liabilities
Current liabilities decreased substantially from 34.14% in 2021 to 9.42% in 2022. This was primarily driven by a significant reduction in accounts payable, accrued liabilities, and other current liabilities. From 2022 to 2025, current liabilities gradually increased, reaching 12.29%, indicating a rebuilding of short-term obligations. Within current liabilities, accrued liabilities showed the most consistent growth over the period.
Long-Term Liabilities
Long-term liabilities increased from 5.49% in 2021 to 9.56% in 2022, largely due to an increase in long-term debt and deferred tax liabilities. Subsequently, these decreased through 2024, before a slight increase in 2025. Deferred tax liabilities experienced a considerable decrease from 2022 to 2024, while long-term debt showed more moderate fluctuations.
Stockholders’ Equity
Stockholders’ equity increased significantly from 60.37% in 2021 to 81.02% in 2022, primarily due to a substantial increase in additional paid-in capital and a reduction in treasury stock. Retained earnings transitioned from a negative value in 2021 and 2022 to positive values in subsequent years, contributing to the overall growth in equity. The percentage of equity decreased slightly in 2025, coinciding with a decrease in additional paid-in capital and an increase in treasury stock.
Specific Liability Accounts
Accounts payable demonstrated a consistent decline as a percentage of the total from 11.32% in 2021 to 3.81% in 2025. Accrued marketing programs and accrued compensation and benefits also showed decreasing percentages initially, but began to increase from 2022 onwards. Treasury stock consistently represented a negative percentage of total liabilities and equity, increasing in absolute value throughout the period.

Overall, the company’s financial structure shifted towards a greater reliance on equity financing, particularly between 2021 and 2022. While current liabilities increased in later years, they remained below the 2021 level. The fluctuations in specific liability accounts suggest changes in the company’s operational and financing strategies over the observed period.