Stock Analysis on Net
Stock Analysis on Net

Advanced Micro Devices Inc. (NASDAQ:AMD)

Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in millions

Microsoft Excel LibreOffice Calc
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 Dec 29, 2018 Sep 29, 2018 Jun 30, 2018 Mar 31, 2018 Dec 30, 2017 Sep 30, 2017 Jul 1, 2017 Apr 1, 2017 Dec 31, 2016 Sep 24, 2016 Jun 25, 2016 Mar 26, 2016
Cash and cash equivalents 1,763  1,595  1,296  1,775  1,330  1,466  1,156  963  978  1,078  1,046  948  1,045  1,185  879  760  722  1,264  1,258  957  716 
Short-term investments 1,353  695  475  —  55  37  53  165  216  78  10  35  —  —  —  84  221  —  —  —  — 
Accounts receivable, net 2,178  2,066  2,134  1,789  1,691  1,859  1,393  1,333  1,241  1,235  1,207  1,118  738  400  771  614  494  311  640  671  508 
Inventories 1,653  1,399  1,292  1,324  1,056  982  1,040  1,015  955  845  738  750  715  739  794  833  839  751  772  743  675 
Receivables from related parties 10  10  17  20  17  30  50  52  53  25  18  33  26  10  31  32  13  12  26 
Prepaid expenses and other current assets 243  378  299  211  241  233  253  248  237  252  260  223  235  265  229  210  191  172  141  123  301 
Current assets 7,197  6,143  5,500  5,109  4,390  4,597  3,912  3,754  3,677  3,540  3,314  3,099  2,751  2,622  2,699  2,511  2,498  2,530  2,824  2,506  2,226 
Property and equipment, net 681  641  595  585  540  500  453  458  377  348  318  295  290  261  236  200  180  164  161  169  176 
Operating lease right-of-use assets 241  208  215  215  221  205  205  212  214  —  —  —  —  —  —  —  —  —  —  —  — 
Goodwill 289  289  289  289  289  289  289  289  289  289  289  289  289  289  289  289  289  289  289  289  278 
Investment: equity method 65  63  60  59  58  58  59  58  57  58  58  57  57  58  57  58  58  59  60  62  — 
Deferred tax assets 1,162  1,245  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  —  — 
Other non-current assets 412  373  364  326  366  379  335  331  317  321  368  363  376  310  305  312  274  279  282  290  301 
Non-current assets 2,850  2,819  1,523  1,474  1,474  1,431  1,341  1,348  1,254  1,016  1,033  1,004  1,012  918  887  859  801  791  792  810  755 
Total assets 10,047  8,962  7,023  6,583  5,864  6,028  5,253  5,102  4,931  4,556  4,347  4,103  3,763  3,540  3,586  3,370  3,299  3,321  3,616  3,316  2,981 

Based on: 10-Q (filing date: 2021-04-28), 10-K (filing date: 2021-01-29), 10-Q (filing date: 2020-10-28), 10-Q (filing date: 2020-07-29), 10-Q (filing date: 2020-04-29), 10-K (filing date: 2020-02-04), 10-Q (filing date: 2019-10-30), 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-05-01), 10-K (filing date: 2019-02-08), 10-Q (filing date: 2018-10-31), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-27), 10-Q (filing date: 2017-11-02), 10-Q (filing date: 2017-08-03), 10-Q (filing date: 2017-05-08), 10-K (filing date: 2017-02-21), 10-Q (filing date: 2016-10-26), 10-Q (filing date: 2016-07-26), 10-Q (filing date: 2016-04-28).


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.’s current assets increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.

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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 increased from Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.
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 decreased from Q3 2020 to Q4 2020 but then increased from Q4 2020 to Q1 2021 exceeding Q3 2020 level.
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 Q3 2020 to Q4 2020 and from Q4 2020 to Q1 2021.