Stock Analysis on Net
Stock Analysis on Net
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Advanced Micro Devices Inc. (NASDAQ:AMD)

Balance Sheet: Assets

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Advanced Micro Devices Inc., consolidated balance sheet: assets

US$ in millions

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Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016
Cash and cash equivalents 1,595  1,466  1,078  1,185  1,264 
Short-term investments 695  37  78  —  — 
Accounts receivable, net 2,066  1,859  1,235  400  311 
Inventories 1,399  982  845  739  751 
Receivables from related parties 10  20  52  33  32 
Prepaid expenses and other current assets 378  233  252  265  172 
Current assets 6,143  4,597  3,540  2,622  2,530 
Property and equipment, net 641  500  348  261  164 
Operating lease right-of-use assets 208  205  —  —  — 
Goodwill 289  289  289  289  289 
Investment: equity method 63  58  58  58  59 
Deferred tax assets 1,245  22  15  11  11 
Software and technology licenses, net 229  210  226  239  232 
Other 144  147  80  60  36 
Other non-current assets 373  357  306  299  268 
Non-current assets 2,819  1,431  1,016  918  791 
Total assets 8,962  6,028  4,556  3,540  3,321 

Based on: 10-K (filing date: 2021-01-29), 10-K (filing date: 2020-02-04), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-21).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Advanced Micro Devices Inc.’s current assets increased from 2018 to 2019 and from 2019 to 2020.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Advanced Micro Devices Inc.’s property and equipment, net increased from 2018 to 2019 and from 2019 to 2020.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Advanced Micro Devices Inc.’s non-current assets increased from 2018 to 2019 and from 2019 to 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Advanced Micro Devices Inc.’s total assets increased from 2018 to 2019 and from 2019 to 2020.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Advanced Micro Devices Inc.’s cash and cash equivalents increased from 2018 to 2019 and from 2019 to 2020.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Advanced Micro Devices Inc.’s short-term investments decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Accounts receivable, net Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Advanced Micro Devices Inc.’s accounts receivable, net increased from 2018 to 2019 and from 2019 to 2020.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Advanced Micro Devices Inc.’s inventories increased from 2018 to 2019 and from 2019 to 2020.