Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data
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- Statement of Comprehensive Income
- Common-Size Income Statement
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Enterprise Value to FCFF (EV/FCFF)
- Capital Asset Pricing Model (CAPM)
- Present Value of Free Cash Flow to Equity (FCFE)
- Return on Equity (ROE) since 2005
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
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Amazon.com Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
Based on: 10-Q (reporting date: 2025-09-30), 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).
- Liabilities Trends
- There is a clear downward trend in the proportion of total liabilities relative to total liabilities and stockholders’ equity, declining steadily from about 70.5% to 49.22% over the observed periods. This indicates a gradual reduction in leverage or reliance on liabilities for financing.
- Within current liabilities, the percentage has decreased from approximately 36.03% to 26.82%, showing a consistent reduction in short-term obligations relative to the overall capitalization. Accounts payable as a percentage of the total has trended downward, falling from above 18% to around 14.5%, which may suggest improved management of supplier payables or reduced operational volume on credit terms.
- Current portions of finance lease liabilities have significantly diminished from 4.44% to 0.20%, implying payoff or renegotiation of leased assets. Similarly, long-term finance lease liabilities (excluding current portions) have fallen from around 7.46% to 1.42%, reinforcing this pattern.
- Current portions of operating lease liabilities have remained relatively stable with minor fluctuations between 1.48% and 1.63%, suggesting stable short-term lease obligations. Long-term operating lease liabilities have shown slight decline from 10.76% to 10.22%, indicating modest reductions in long-term lease commitments.
- Long-term debt excluding current portions peaked early in the data around 13.95% but then steadily decreased to about 6.97%, reflecting debt repayments or refinancing towards lower debt levels.
- Other long-term liabilities have seen a small decrease from about 5.66% to 3.80%, showing a mild reduction in these contingent or miscellaneous obligations.
- Stockholders' Equity Trends
- The proportion of stockholders' equity has increased notably from 29.5% to 50.78%, signaling strengthening financial position and lower dependency on liabilities.
- Retained earnings as a component of equity have risen steadily from 15.26% to 31.51%, indicating accumulation of earnings and reinvestment in the business over time.
- Additional paid-in capital has also increased from about 16.01% to a peak near 19.94%, before a slight decline, reflecting capital contributions and possible stock issuance events.
- Treasury stock has become more negative over time (from -0.83% to -1.08%), consistent with buyback programs reducing issued shares outstanding.
- Accumulated other comprehensive income (loss) has shown volatility, initially negative trending towards positive territory late in the data, moving from -0.93% to around +1.69%, possibly due to currency translation adjustments or unrealized gains on investments.
- Summary of Financial Position Shifts
- Overall, the data reflects a strategic shift towards building stronger equity financing, reducing overall liabilities both in current and long-term categories. Leverage levels have been reduced systematically, both through debt repayment and minimizing finance lease obligations.
- The gradual improvement in retained earnings and equity suggests sustained profitability and reinvestment capacity. Increased additional paid-in capital and declining treasury stock levels reinforce the positive equity trend.
- Stable or slightly declining current liabilities paired with moderately declining long-term liabilities imply a more balanced and less risky capital structure over time.
- The slight fluctuations in certain lease liabilities reflect operational adjustments but do not materially impact the overall trend of liability reduction.