Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Advanced Micro Devices Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 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), 10-K (reporting date: 2020-12-26).
- Accounts payable
- The proportion of accounts payable relative to total liabilities and stockholders’ equity declined significantly from 10.64% in 2021 to 2.87% in 2024, indicating reduced reliance on this short-term obligation over the period.
- Payables to related parties
- This metric remained relatively stable, fluctuating mildly between 0.53% and 0.69%, suggesting consistent dealings with related parties without significant increases or decreases.
- Accrued marketing programs
- The percentage decreased sharply from 9.36% in 2020 to around 1.3% by 2022 and remained low thereafter, reflecting a substantial reduction in accruals related to marketing expenses.
- Accrued compensation and benefits
- There was a notable decline from approximately 5.7% in 2020-2021 to around 1.0%-1.7% from 2022 through 2024, indicating either improved expense timing or reductions in accrued employee-related liabilities.
- Customer-related liabilities
- Showing presence starting in 2021 at 2.53%, it decreased to about 1.16% in 2023 before rising again to nearly 1.95% in 2024, pointing to some variability but overall moderate relative size.
- Other accrued and current liabilities
- This category exhibited a steady decrease from near 5% in 2020 to below 1% from 2022 onwards, indicating a significant decline in miscellaneous accrued obligations.
- Accrued liabilities
- A substantial reduction occurred from around 20% in 2020-2021 to about 4.5%-6.2% in subsequent years, showing improved management or settlement of accrued expenses overall.
- Current portion of long-term debt, net
- Values were sporadic, with 2.51% in 2021, 1.11% in 2023, and no data for other years, implying occasional short-term maturities of long-term debt.
- Other current liabilities
- Exhibited minor fluctuations within a narrow range of 0.5% to 0.8%, indicating stable other current obligations as a proportion of total financing.
- Current liabilities
- Peaked at 34.14% in 2021, followed by a marked decline to approximately 9.4%-10.5% in 2022-2024, reflecting substantial reductions in short-term financial obligations in more recent periods.
- Long-term debt, net of current portion
- Declined from 3.68% in 2020 to near zero in 2021, then fluctuated modestly around 2.5%-3.7% in later years, indicating variability but relatively low leverage from long-term debt.
- Long-term operating lease liabilities
- Displayed a decrease from around 2.8% in 2021 to below 1% from 2022 onward, reflecting reduced obligations from operating leases or changes in lease accounting treatment.
- Deferred tax liabilities
- After a low of around 0.1% in 2021, this liability rose to nearly 2.9% in 2022 before subsiding to 0.5% in 2024, indicating some timing or valuation changes in deferred tax positions.
- Other long-term liabilities
- Remained fairly stable between approximately 1.85% and 2.73%, demonstrating consistent other long-term obligations.
- Long-term liabilities
- This category showed a rise from 5.49% in 2021 to 9.56% in 2022 followed by decreases to around 6.3% in 2024, suggesting fluctuations but general moderation thereafter.
- Total liabilities
- A notable drop from nearly 40% in 2021 to under 17% in 2024 highlights a considerable reduction in overall liabilities relative to total financing structure.
- Common stock, par value $0.01
- Consistently minimal, ranging from 0.13% in 2020 to about 0.02%-0.03% afterward, indicating a minor presence in the capital structure.
- Additional paid-in capital
- Declined from a peak of approximately 117.65% in 2020 to a lower range around 85.8%-88.6% during 2022-2024, signaling some capital adjustments but maintaining a substantial portion of equity financing.
- Treasury stock, at cost
- Displayed significant negative values, increasing in absolute magnitude from -1.46% in 2020 to -8.82% in 2024, reflecting increased repurchases or retirements of shares over the period.
- Retained earnings (accumulated deficit)
- Marked improvement occurred from a deep negative of -51.38% in 2020 to positive territory by 2023, reaching 3.41% in 2024, indicating recovery in accumulated profits or reduction in deficits.
- Accumulated other comprehensive income (loss)
- Remaining relatively negligible, fluctuating marginally around zero, pointing to minor impacts from items such as foreign currency translation or unrealized gains/losses.
- Stockholders’ equity
- Increased steadily from approximately 60.4% in 2021 to over 83% in 2024, reflecting strengthened equity base and a shift in the capital structure favoring ownership interests.
- Total liabilities and stockholders’ equity
- Constantly accounted for 100%, consistent with the balancing accounting equation.