Stock Analysis on Net
Stock Analysis on Net

Amazon.com Inc. (NASDAQ:AMZN)

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Common-Size Balance Sheet: Assets
Quarterly Data

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Amazon.com Inc., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents
Marketable securities
Inventories
Accounts receivable, net and other
Current assets
Property and equipment, net
Operating leases
Goodwill
Other assets
Long-term assets
Total assets

Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets exhibited moderate fluctuations over the analyzed periods. Starting at 12.29% in March 2020, it reached a peak of 14.5% in June 2020 before declining to around 7.83% to 8.93% during late 2020 and early 2022. A rebound was observed toward the end of 2023 and early 2024, peaking near 13.9%, followed by a gradual decrease back to 8.46% by June 2025. This pattern suggests periodic shifts in liquidity management.
Marketable Securities
Marketable securities as a percentage of total assets reached their highest levels between mid-2020 and early 2021, fluctuating between approximately 12% and 14%. However, from 2022 onwards, there was a notable decline to levels around 3% to 5%, signifying a reduction in short-term investments relative to total assets. A slight recovery is noticeable towards mid-2025.
Inventories
Inventory levels relative to total assets remained relatively stable throughout the timeline, generally ranging between 5.5% and 9%. The data shows some decline from the higher values near 8.5% in 2020 to lower levels around 5.5%-6.0% by 2025, indicating possible improvements in inventory management or shifts in sales mix.
Accounts Receivable, Net and Other
The proportion of accounts receivable and other assets to total assets maintained a consistent range between approximately 7.3% and 9.9%, with a slight upward trend visible toward the end of 2023 and early 2024. This trend may reflect increased sales on credit or adjustments in working capital policies.
Current Assets
Current assets as a percentage of total assets showed a peak around 42.94% in June 2020, decreasing steadily afterward to stabilize around 28%-32% in recent years. This downward trend indicates a growing emphasis on long-term assets relative to current assets.
Property and Equipment, Net
The share of property and equipment in total assets demonstrated a general upward trajectory, increasing from approximately 33.5% in mid-2020 to over 43% by June 2025. This reflects ongoing investments in capital assets and potentially an expansion of operational infrastructure.
Operating Leases
Operating leases represented between 11% and 14.7% of total assets, with a gradual increase observed through 2022, followed by a slight decline going into 2025. This pattern could be indicative of changes in leasing strategies or asset utilization.
Goodwill
Goodwill as a component of total assets declined steadily from 6.66% in early 2020 to 3.39% by mid-2025, suggesting either amortization or impairment, or a slowdown in acquisitions generating goodwill.
Other Assets
Other assets relative to total assets increased progressively from approximately 6.8% in early 2020 to over 13% by the first quarter of 2025. This significant rise points to possible growth in intangible assets or other non-traditional asset categories.
Long-term Assets
The proportion of long-term assets to total assets grew over the period, from about 57% in mid-2020 to over 71% by mid-2025, highlighting a strategic shift toward greater investment in assets with extended useful lives.