Stock Analysis on Net

Advanced Micro Devices Inc. (NASDAQ:AMD)

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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

Microsoft Excel
Dec 30, 2023 Dec 31, 2022 Dec 25, 2021 Dec 26, 2020 Dec 28, 2019
Cash and cash equivalents 3,933 4,835 2,535 1,595 1,466
Short-term investments 1,840 1,020 1,073 695 37
Accounts receivable, net 5,376 4,126 2,706 2,066 1,859
Inventories 4,351 3,771 1,955 1,399 982
Receivables from related parties 9 2 2 10 20
Prepaid expenses and other current assets 1,259 1,265 312 378 233
Current assets 16,768 15,019 8,583 6,143 4,597
Property and equipment, net 1,589 1,513 702 641 500
Operating lease right-of-use assets 633 460 367 208 205
Goodwill 24,262 24,177 289 289 289
Acquisition-related intangibles 21,363 24,118
Investment: equity method 99 83 69 63 58
Deferred tax assets 366 58 931 1,245 22
Other non-current assets 2,805 2,152 1,478 373 357
Non-current assets 51,117 52,561 3,836 2,819 1,431
Total assets 67,885 67,580 12,419 8,962 6,028

Based on: 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), 10-K (reporting date: 2019-12-28).


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. current assets increased from 2021 to 2022 and from 2022 to 2023.
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. property and equipment, net increased from 2021 to 2022 and from 2022 to 2023.
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. non-current assets increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
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. total assets increased from 2021 to 2022 and from 2022 to 2023.

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. cash and cash equivalents increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
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. short-term investments decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 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. accounts receivable, net increased from 2021 to 2022 and from 2022 to 2023.
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. inventories increased from 2021 to 2022 and from 2022 to 2023.