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

Balance Sheet: Liabilities and Stockholders’ Equity

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Advanced Micro Devices Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

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Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 26, 2015
Short-term debt, net —  136  70  —  230 
Accounts payable 988  528  384  440  279 
Payables to related parties 213  533  412  383  245 
Accrued compensation and benefits 285  236  206  116  95 
Marketing programs and advertising expenses 454  275  150  102  109 
Other accrued and current liabilities 345  252  185  173  268 
Accrued liabilities 1,084  763  541  391  472 
Unearned revenue 11  55  124  94 
Current operating lease liabilities 43  —  —  —  — 
Other 29  13  24  83 
Other current liabilities 74  24  79  132  177 
Current liabilities 2,359  1,984  1,486  1,346  1,403 
Long-term debt, net, less current portion 486  1,114  1,325  1,435  2,032 
Long-term operating lease liabilities 199  —  —  —  — 
Other long-term liabilities 157  192  118  124  86 
Long-term liabilities 842  1,306  1,443  1,559  2,118 
Total liabilities 3,201  3,290  2,929  2,905  3,521 
Common stock, par value $0.01 12  10 
Additional paid-in capital 9,963  8,750  8,464  8,334  7,017 
Treasury stock, at cost (53) (50) (108) (119) (123)
Accumulated deficit (7,095) (7,436) (7,760) (7,803) (7,306)
Accumulated other comprehensive income (loss) —  (8) (5) (8)
Stockholders’ equity (deficit) 2,827  1,266  611  416  (412)
Total liabilities and stockholders’ equity (deficit) 6,028  4,556  3,540  3,321  3,109 

Based on: 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), 10-K (filing date: 2016-02-18).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Advanced Micro Devices Inc.’s current liabilities increased from 2017 to 2018 and from 2018 to 2019.
Long-term liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Advanced Micro Devices Inc.’s long-term liabilities decreased from 2017 to 2018 and from 2018 to 2019.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Advanced Micro Devices Inc.’s total liabilities increased from 2017 to 2018 but then slightly decreased from 2018 to 2019.
Stockholders’ equity (deficit) Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity’s stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Advanced Micro Devices Inc.’s stockholders’ equity (deficit) increased from 2017 to 2018 and from 2018 to 2019.