Stock Analysis on Net

Advanced Micro Devices Inc. (NASDAQ:AMD)

$24.99

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.

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Advanced Micro Devices Inc., consolidated balance sheet: assets (quarterly data)

US$ in millions

Microsoft Excel
Sep 27, 2025 Jun 28, 2025 Mar 29, 2025 Dec 28, 2024 Sep 28, 2024 Jun 29, 2024 Mar 30, 2024 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
Cash and cash equivalents
Short-term investments
Accounts receivable, net
Inventories
Assets held for sale
Prepaid expenses and other current assets
Current assets
Property and equipment, net
Goodwill
Acquisition-related intangibles, net
Deferred tax assets
Other non-current assets
Non-current assets
Total assets

Based on: 10-Q (reporting date: 2025-09-27), 10-Q (reporting date: 2025-06-28), 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).


Liquidity Trends
Cash and cash equivalents experienced substantial growth between early 2020 and early 2022, rising from approximately $1.3 billion to about $4.7 billion. This upward trend was followed by fluctuations, with cash holdings decreasing somewhat in mid and late 2022 and early 2023, then recovering in subsequent quarters, reaching around $6 billion in mid-2025. Short-term investments showed a more volatile pattern, initially increasing substantially from 2020 through early 2022, but demonstrating intermittent declines and partial recoveries thereafter. Overall, current assets grew significantly, nearly tripling from about $4.4 billion in early 2020 to $27 billion by mid-2025, indicating improved liquidity over the period.
Receivables and Inventories
Accounts receivable increased steadily, rising from roughly $1.7 billion in early 2020 to over $7 billion by late 2024, before moderating slightly below $6.5 billion towards mid-2025. This growth suggests expansion in sales or credit extended to customers. Inventories also exhibited consistent growth, nearly sevenfold from approximately $1 billion to above $7 billion during the same period, reflecting either increased production, stockpiling, or challenges in inventory turnover. The scaling of both receivables and inventories suggests a higher operational volume and possibly a strategic buildup of resources.
Property and Equipment
Net property and equipment showed a gradual and steady increase from just over $500 million in early 2020 to approximately $2.2 billion by mid-2025. This reflects ongoing capital investment in fixed assets, supporting operational capacity expansion or modernization efforts.
Intangible Assets and Goodwill
Goodwill remained stable at approximately $289 million through 2020, then jumped dramatically to over $23 billion by early 2022, stabilizing near $25 billion through mid-2025. This likely resulted from acquisition activity or revaluation. Acquisition-related intangibles exhibited a declining trend from around $26.8 billion in early 2022 to about $17.3 billion by mid-2025, indicating amortization or impairment over time. These patterns highlight the significant impact of acquisitions on the company’s asset base.
Other Assets
Deferred tax assets fluctuated greatly, starting above $1.2 billion in late 2020, dropping sharply in 2021, and then progressively recovering to approximately $860 million by mid-2025. Other non-current assets increased steadily from $645 million in early 2020 to nearly $4.7 billion by mid-2025. The rise in these assets contributes significantly to overall asset growth.
Overall Asset Growth
Total assets surged from approximately $5.9 billion in early 2020 to nearly $77 billion by mid-2025. Notably, asset growth was modest until the end of 2021, followed by a dramatic increase between early 2022 and throughout 2025 driven primarily by large increases in goodwill and acquisition-related intangibles, alongside rises in current assets and property and equipment. The large asset base accumulation post-2021 is likely linked to strategic acquisitions and expansion.

Assets: Selected Items


Current Assets: Selected Items