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 28, 2024 Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020
Accounts payable 2.87 3.03 3.69 10.64 5.22
Payables to related parties 0.69 0.53 0.69 0.68 0.87
Accrued marketing programs 1.54 1.22 1.30 7.51 9.36
Accrued compensation and benefits 1.70 1.30 1.04 5.68 5.72
Customer-related liabilities 1.95 1.16 1.27 2.53 0.00
Other accrued and current liabilities 0.97 0.86 0.95 3.80 4.95
Accrued liabilities 6.15% 4.54% 4.55% 19.52% 20.04%
Current portion of long-term debt, net 0.00 1.11 0.00 2.51 0.00
Other current liabilities 0.80 0.65 0.50 0.79 0.84
Current liabilities 10.52% 9.85% 9.42% 34.14% 26.97%
Long-term debt, net of current portion 2.49 2.53 3.65 0.01 3.68
Long-term operating lease liabilities 0.71 0.79 0.59 2.80 2.24
Deferred tax liabilities 0.50 1.77 2.86 0.10 0.12
Other long-term liabilities 2.62 2.73 2.46 2.58 1.85
Long-term liabilities 6.32% 7.81% 9.56% 5.49% 7.90%
Total liabilities 16.84% 17.67% 18.98% 39.63% 34.87%
Common stock, par value $0.01 0.02 0.03 0.02 0.10 0.13
Additional paid-in capital 88.64 87.91 85.83 89.13 117.65
Treasury stock, at cost -8.82 -6.65 -4.59 -17.15 -1.46
Retained earnings (accumulated deficit) 3.41 1.07 -0.19 -11.68 -51.38
Accumulated other comprehensive income (loss) -0.10 -0.01 -0.06 -0.02 0.19
Stockholders’ equity 83.16% 82.33% 81.02% 60.37% 65.13%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00%

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.