Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
Advanced Micro Devices Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
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).
- Current liabilities
- The proportion of current liabilities relative to total liabilities and stockholders’ equity shows significant variability over the periods analyzed. It peaked at 36.97% in June 2020, then declined substantially to 8.34% by March 2022. Since then, it has moderately increased and stabilized around the 10-11% range through to March 2025. This indicates a considerable reduction in short-term obligations starting in early 2021, followed by stabilization at lower levels.
- Accounts payable
- Accounts payable as a percentage of total liabilities and stockholders’ equity decreased sharply from a high of 15.1% in June 2020 to a low of around 2.5% in early 2022. Thereafter, it has exhibited a slight upward trend, fluctuating between 3% and 4.5% in subsequent periods, showing a reduction in reliance on accounts payable over the long term with mild recent variability.
- Accrued liabilities
- Accrued liabilities mirrored a similar pattern to accounts payable, starting at approximately 18-21% through 2020, then sharply dropping below 5% by early 2022. Since that reduction, accrued liabilities have shown a steady but modest increase to over 6% by mid-2025, suggesting a gradual build-up of accrued obligations after a period of substantial decline.
- Long-term debt and liabilities
- Long-term debt net of current portion has generally decreased from over 8% in early 2020 to a low around 0.01% in late 2021, followed by a gradual rebound to approximately 4.5% by early 2025, indicating refinancing or new debt issuance post-2021. Concurrently, other long-term liabilities have remained relatively stable, mostly fluctuating between 1.5% and 2.7% throughout the periods. Deferred tax liabilities showed a notable increase from negligible values before 2021 to peaks above 4% in mid-2022, then a gradual decline to below 0.5% by early 2025, reflective of tax position changes.
- Stockholders’ equity
- Stockholders’ equity increased substantially from approximately 51.79% in early 2020 to a peak exceeding 82% by early 2022, maintaining levels near 80-83% thereafter. This trend signals strengthening equity financing relative to liabilities. Retained earnings improved markedly from a negative balance exceeding -118% in early 2020 to positive territory above 4% by early 2025, indicating overall profitability recovery.
- Additional paid-in capital and treasury stock
- Additional paid-in capital showed a decreasing trend from roughly 171% in early 2020 down to approximately 86% by mid-2025, suggesting dilution or capital structure adjustments. Conversely, treasury stock, which represents repurchased shares, increased in absolute terms from about -0.9% to nearly -9.6%, indicating significant share repurchases over the time frame, strengthening equity proportions but reducing total paid-in capital.
- Leases and borrowing components
- Long-term operating lease liabilities decreased notably from 3.6% in early 2020 to below 1% by early 2022, then remained relatively stable around 0.7-0.8%. Short-term borrowings appeared only in the latest period (March 2025) at 1.32%, suggesting a new or resumed usage of short-term debt after a period without such obligations. The current portion of long-term debt showed intermittent minor values mostly around 1% after 2022, indicating small amounts of near-term debt maturities.
- Total liabilities
- Total liabilities as a percentage of total liabilities and stockholders’ equity declined sharply from nearly 50% in mid-2020 to about 17-19% during 2022 through 2025. This significant reduction indicates a substantial deleveraging process, with a transition toward a more equity-heavy capital structure.
- Overall trends
- The data reveals a pronounced shift from higher leverage and current liabilities in 2020 towards lower liabilities and stronger equity positions by 2022 and beyond. This has been accompanied by improved retained earnings and controlled growth in treasury stock, evidencing operational improvements and capital structure optimization. After an initial rapid reduction in liabilities, slight increases in certain current liabilities and borrowings in the latest periods may reflect strategic financing or operational adjustments.