Stock Analysis on Net

Advanced Micro Devices Inc. (NASDAQ:AMD)

Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel
Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Sep 24, 2022 Jun 25, 2022 Mar 26, 2022 Dec 25, 2021 Sep 25, 2021 Jun 26, 2021 Mar 27, 2021 Dec 26, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Cash and cash equivalents 3,933 3,561 3,841 3,825 4,835 3,398 4,964 4,740 2,535 2,440 2,623 1,763 1,595 1,296 1,775 1,330 1,466 1,156 963 978
Short-term investments 1,840 2,224 2,444 2,114 1,020 2,193 1,028 1,792 1,073 1,168 1,170 1,353 695 475 55 37 53 165 216
Accounts receivable, net 5,376 5,054 4,312 4,040 4,126 4,336 4,050 3,677 2,706 2,224 2,020 2,178 2,066 2,134 1,789 1,691 1,859 1,393 1,333 1,241
Inventories 4,351 4,445 4,567 4,235 3,771 3,369 2,648 2,431 1,955 1,902 1,765 1,653 1,399 1,292 1,324 1,056 982 1,040 1,015 955
Receivables from related parties 9 1 2 2 2 4 3 4 2 5 6 7 10 4 10 17 20 17 30 50
Prepaid expenses and other current assets 1,259 1,403 1,339 1,442 1,265 1,120 769 725 312 249 234 243 378 299 211 241 233 253 248 237
Current assets 16,768 16,688 16,505 15,658 15,019 14,420 13,462 13,369 8,583 7,988 7,818 7,197 6,143 5,500 5,109 4,390 4,597 3,912 3,754 3,677
Property and equipment, net 1,589 1,566 1,541 1,500 1,513 1,486 1,441 1,406 702 717 671 681 641 595 585 540 500 453 458 377
Operating lease right-of-use assets 633 507 461 447 460 490 482 416 367 284 247 241 208 215 215 221 205 205 212 214
Goodwill 24,262 24,186 24,177 24,177 24,177 24,187 24,193 23,083 289 289 289 289 289 289 289 289 289 289 289 289
Acquisition-related intangibles, net 21,363 21,950 22,598 23,291 24,118 25,162 26,159 26,832
Investment: equity method 99 93 90 84 83 80 76 72 69 69 67 65 63 60 59 58 58 59 58 57
Deferred tax assets 366 76 68 67 58 32 32 32 931 1,036 1,090 1,162 1,245
Other non-current assets 2,805 2,560 2,527 2,410 2,152 1,954 1,657 1,705 1,478 770 509 412 373 364 326 366 379 335 331 317
Non-current assets 51,117 50,938 51,462 51,976 52,561 53,391 54,040 53,546 3,836 3,165 2,873 2,850 2,819 1,523 1,474 1,474 1,431 1,341 1,348 1,254
Total assets 67,885 67,626 67,967 67,634 67,580 67,811 67,502 66,915 12,419 11,153 10,691 10,047 8,962 7,023 6,583 5,864 6,028 5,253 5,102 4,931

Based on: 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), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).


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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 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 decreased from Q2 2023 to Q3 2023 but then slightly increased from Q3 2023 to Q4 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 decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 not reaching Q2 2023 level.

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 decreased from Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level.
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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.
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 Q2 2023 to Q3 2023 and from Q3 2023 to Q4 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 decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.