Common-Size Balance Sheet: Assets
Paying user area
Try for free
Amazon.com Inc. pages available for free this week:
The data is hidden behind: . Unhide it.
Get full access to the entire website from $10.42/mo, or
get 1-month access to Amazon.com Inc. for $24.99.
This is a one-time payment. There is no automatic renewal.
We accept:
Amazon.com Inc., common-size consolidated balance sheet: assets
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).
The composition of assets exhibited notable shifts between 2021 and 2025. Current assets decreased as a percentage of total assets, while long-term assets increased. Within current assets, cash and equivalents initially rose significantly before declining, and inventory consistently decreased over the period. Long-term asset growth was primarily driven by property and equipment, and other assets, while goodwill decreased.
- Liquidity & Current Assets
- Current assets decreased from 38.42% of total assets in 2021 to 28.00% in 2025. This decline was largely attributable to a decrease in cash and cash equivalents, which peaked at 13.90% in 2023 before falling to 10.61% in 2025. Marketable securities experienced a substantial decrease from 14.23% in 2021 to 4.43% in 2025, indicating a shift in asset allocation. Inventories also showed a consistent downward trend, decreasing from 7.76% to 4.68% over the same period. Accounts receivable, net and other, fluctuated but ended slightly lower than its 2021 level.
- Long-Term Investments
- Long-term assets increased from 61.58% of total assets in 2021 to 72.00% in 2025. Property and equipment, net, demonstrated a consistent increase, rising from 38.11% to 43.64%. Other assets experienced the most significant growth, increasing from 6.48% to 14.99%. This suggests a growing investment in less-defined long-term holdings. Goodwill decreased from 3.65% to 2.84%, potentially reflecting impairment or strategic divestitures.
- Operating Leases
- The proportion of assets allocated to operating leases decreased from 13.34% in 2021 to 10.52% in 2025. This reduction could be due to changes in leasing strategies or a decrease in overall lease obligations.
- Receivables
- Customer receivables, net, increased from 4.80% to 6.46% between 2021 and 2023, then decreased to 4.94% in 2025. Vendor receivables, net, showed a steady increase from 1.26% to 1.94%. Other receivables, net, experienced a peak in 2022 (0.95%) before declining to 0.55% in 2025. These trends suggest evolving relationships with both customers and vendors.
Overall, the asset allocation shifted towards long-term investments, particularly in property and equipment and other assets, while the proportion of current assets decreased. This suggests a potential strategic focus on long-term growth and operational capacity, alongside a reduction in reliance on highly liquid assets and inventory.