Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
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- Balance Sheet: Assets
- Common-Size Income Statement
- Common-Size Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Solvency Ratios
- Enterprise Value (EV)
- Return on Equity (ROE) since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Book Value (P/BV) since 2005
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Amazon.com Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity
Based on: 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), 10-K (reporting date: 2020-12-31).
- Liabilities Trends
- Overall, total liabilities as a percentage of total liabilities and stockholders’ equity have shown a decreasing trend from 70.92% in 2020 to 54.24% in 2024. This indicates a gradual reduction in the company's reliance on liabilities over this period.
- Current liabilities decreased steadily from 39.35% in 2020 to 28.71% in 2024, reflecting a decline in short-term obligations relative to total financing. Within this category, accounts payable fell notably from 22.58% to 15.1%, indicating improved payment terms or reduced supplier credit.
- The current portion of lease liabilities showed mixed trends: operating leases’ current portion experienced a slight increase from 1.43% to 1.69%, while finance leases’ current portion declined significantly from 3.23% to 0.22%, suggesting possible lease restructuring or amortization.
- Current portion of long-term debt increased from 0.36% in 2020 to 1.61% in 2023, then dropped to 0.8% in 2024, signifying fluctuating repayments or refinancing activities.
- Long-term liabilities also declined from 31.57% in 2020 to 25.52% in 2024. Among these, long-term lease liabilities (operating leases, excluding current portions) peaked at 13.31% in 2022 and then decreased to 11.05% in 2024. Long-term finance lease liabilities decreased steadily from 5.62% to 1.48%, reflecting diminishing lease commitments classified as finance leases.
- Long-term debt (excluding current portion) rose from 9.91% in 2020 to a high of 14.51% in 2022 before decreasing sharply to 8.42% by 2024, indicating variability in long-term borrowing levels.
- Stockholders’ Equity Trends
- Stockholders’ equity as a proportion of total liabilities and stockholders’ equity increased significantly from 29.08% in 2020 to 45.76% in 2024, demonstrating strengthened equity financing and potentially improved financial stability.
- Within equity components, retained earnings showed a notable rise from 16.36% to 27.66%, suggesting accumulated profitability or retained income reinvested in the business.
- Additional paid-in capital increased steadily from 13.35% to 19.34%, indicative of fresh equity capital issuance or valuation adjustments.
- Treasury stock balances became more negative initially, reaching -1.69% in 2022, but then improved to -1.25% by 2024, reflecting some repurchases or sales of shares held in treasury.
- Accumulated other comprehensive loss fluctuated but showed a marked reduction in negative impact by 2024, moving from -0.06% to nearly neutral at -0.01%, pointing to possible changes in unrealized losses on assets or hedges.
- Summary Insights
- The data reveal a consistent shift toward greater equity financing relative to liabilities over the five-year span. The company has successfully reduced both current and long-term liabilities as a portion of overall financing, particularly in lease obligations classified as finance leases and accounts payable. Long-term debt shows variability, potentially reflecting strategic refinancing or debt management policies.
- Retained earnings growth and increased additional paid-in capital contribute substantially to the rise in stockholders’ equity, enhancing the company’s financial leverage and resilience. The decline in accumulated other comprehensive losses suggests lesser exposure to certain market or currency risks.
- Overall, the trends point to improving financial health characterized by reduced leverage, stronger equity base, and a more conservative stance on liabilities, particularly in short-term and lease-related obligations.