Stock Analysis on Net
Stock Analysis on Net

Amazon.com Inc. (NASDAQ:AMZN)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

Amazon.com Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (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
Accounts payable 14.41 13.87 15.10 14.47 14.75 13.76 16.10 14.79 14.55 14.41 17.20 15.82 16.97 16.69 18.71 18.69 18.34 19.79 22.58 20.67 19.76 18.11
Current portion of operating lease liabilities 1.70 1.69 1.69 1.59 1.57 1.62 1.59 1.66 1.67 1.67 1.61 1.64 1.60 1.62 1.51 1.55 1.45 1.50 1.43 1.47 1.37 1.48
Current portion of finance lease liabilities 0.20 0.21 0.22 0.24 0.26 0.31 0.38 0.49 0.63 0.79 0.95 1.18 1.38 1.67 1.92 2.28 2.62 3.05 3.23 3.64 3.89 4.44
Current portion of long-term debt 0.73 0.78 0.80 0.90 1.34 1.67 1.61 1.23 0.84 0.43 0.65 0.99 1.19 0.65 0.35 0.26 0.32 0.36 0.36 0.05 0.45 0.59
Other 7.18 7.63 8.01 7.64 7.70 8.46 8.67 8.70 10.31 11.40 10.31 10.19 9.23 10.22 8.53 6.78 6.99 7.76 8.72 7.00 7.40 7.40
Accrued expenses and other 9.82% 10.31% 10.72% 10.37% 10.88% 12.05% 12.26% 12.08% 13.45% 14.29% 13.52% 14.00% 13.40% 14.15% 12.31% 10.86% 11.38% 12.67% 13.74% 12.16% 13.11% 13.92%
Unearned revenue 3.18 3.20 2.90 2.79 2.88 3.00 2.88 2.96 3.04 3.08 2.86 2.95 3.05 3.12 2.81 2.87 2.97 3.26 3.02 3.28 3.48 4.01
Current liabilities 27.40% 27.39% 28.71% 27.62% 28.51% 28.81% 31.24% 29.83% 31.04% 31.78% 33.59% 32.77% 33.42% 33.96% 33.83% 32.42% 32.69% 35.72% 39.35% 36.12% 36.35% 36.03%
Long-term operating lease liabilities, excluding current portion 10.76 11.01 11.05 12.04 12.38 12.70 12.73 13.52 13.69 13.67 13.31 13.48 12.84 12.57 12.36 12.56 11.12 11.19 10.75 11.02 10.09 10.76
Long-term finance lease liabilities, excluding current portion 1.44 1.40 1.48 1.61 1.69 1.81 1.91 2.07 2.18 2.32 2.46 2.71 3.01 3.43 3.73 4.13 4.50 5.24 5.62 6.20 6.48 7.46
Long-term lease liabilities, excluding current portion 12.20% 12.42% 12.53% 13.65% 14.07% 14.51% 14.64% 15.59% 15.88% 15.99% 15.77% 16.19% 15.85% 16.00% 16.09% 16.70% 15.62% 16.43% 16.37% 17.22% 16.57% 18.22%
Long-term debt, excluding current portion 7.43 8.30 8.42 9.39 9.89 10.85 11.05 12.55 13.21 14.45 14.51 13.75 13.83 11.58 11.59 13.09 13.95 9.86 9.91 11.67 12.82 10.59
Other long-term liabilities 4.04 4.35 4.58 5.01 4.91 5.02 4.82 4.46 4.58 4.51 4.56 5.20 5.59 5.84 5.62 6.26 5.87 6.01 5.30 5.66 5.72 5.66
Long-term liabilities 23.67% 25.06% 25.52% 28.05% 28.87% 30.39% 30.51% 32.59% 33.66% 34.95% 34.85% 35.14% 35.27% 33.42% 33.30% 36.05% 35.45% 32.30% 31.57% 34.55% 35.11% 34.47%
Total liabilities 51.07% 52.45% 54.24% 55.67% 57.38% 59.20% 61.76% 62.42% 64.70% 66.72% 68.44% 67.90% 68.69% 67.38% 67.13% 68.47% 68.14% 68.02% 70.92% 70.67% 71.46% 70.50%
Preferred stock, $0.01 par value; no shares issued or outstanding 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Common stock, $0.01 par value 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.02 0.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Treasury stock, at cost -1.15 -1.22 -1.25 -1.34 -1.41 -1.48 -1.48 -1.61 -1.64 -1.69 -1.69 -1.83 -1.87 -1.10 -0.44 -0.48 -0.51 -0.57 -0.57 -0.65 -0.71 -0.83
Additional paid-in capital 19.19 19.36 19.34 19.83 19.94 19.58 18.76 19.04 18.19 17.20 16.22 16.21 15.22 14.31 13.21 13.57 13.52 13.98 13.35 14.28 14.72 16.01
Accumulated other comprehensive income (loss) 0.35 -0.14 -0.01 -0.33 -0.72 -0.68 -0.58 -1.03 -0.77 -0.86 -0.97 -1.66 -1.14 -0.58 -0.33 -0.28 -0.15 -0.21 -0.06 -0.36 -0.56 -0.93
Retained earnings 30.51 29.54 27.66 26.15 24.79 23.36 21.52 21.15 19.50 18.60 17.98 19.36 19.07 19.98 20.43 18.72 18.99 18.78 16.36 16.06 15.10 15.26
Stockholders’ equity 48.93% 47.55% 45.76% 44.33% 42.62% 40.80% 38.24% 37.58% 35.30% 33.28% 31.56% 32.10% 31.31% 32.62% 32.87% 31.53% 31.86% 31.98% 29.08% 29.33% 28.54% 29.50%
Total liabilities and stockholders’ equity 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

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).

Accounts Payable
Accounts payable as a percentage of total liabilities and stockholders’ equity showed a general declining trend from 18.11% in March 2020 to 13.87% by March 2025. Some fluctuations occurred, notably a peak at 22.58% in December 2020, followed by a steady decrease and stabilization around 14% in later periods.
Current Portion of Operating Lease Liabilities
This metric remained relatively stable across the periods, fluctuating mildly between 1.37% and 1.7%, with a slight upward tendency towards the end of the period covered.
Current Portion of Finance Lease Liabilities
A clear downward trend is evident, dropping significantly from 4.44% in March 2020 to 0.2% by June 2025, indicating a reduction in current finance lease liabilities relative to total liabilities and equity.
Current Portion of Long-Term Debt
Values were low and relatively volatile, starting at 0.59% in March 2020, fluctuating irregularly with a peak of 1.67% in June 2024, then slightly declining towards 0.73% in December 2024, suggesting some variability in short-term debt obligations.
Other Current Liabilities
Other current liabilities experienced variation over time, increasing from 7.4% to a peak of 11.4% in March 2023 before decreasing to 7.18% in June 2025, indicating fluctuating components within this category.
Accrued Expenses and Other
This category showed fluctuations but a general decline, starting at 13.92% in March 2020 and declining to 9.82% in June 2025, with some intermittent increases around 14% in early 2023.
Unearned Revenue
Unearned revenue as a percentage remained relatively stable between about 2.8% and 4.0%, with minor oscillations and a slight increase towards the end, reaching 3.2% in March 2025.
Current Liabilities Overall
Current liabilities exhibited a downward trend from 36.03% in March 2020 to 27.4% in June 2025. The decline reflects decreasing short-term obligations relative to total liabilities and equity.
Long-Term Operating Lease Liabilities (Excluding Current Portion)
This category remained relatively stable around 10-14%, with a mild decrease starting after March 2023, moving from approximately 13.67% to a lower level near 10.76% by June 2025.
Long-Term Finance Lease Liabilities (Excluding Current Portion)
A marked decrease occurred from 7.46% in March 2020 to approximately 1.44% in June 2025, indicating a significant reduction in long-term finance lease obligations relative to the total.
Long-Term Lease Liabilities (Excluding Current Portion)
This figure showed a gradual decreasing pattern, falling from 18.22% in March 2020 to 12.2% by June 2025, reflecting a reduction in long-term lease liabilities as a portion of the total.
Long-Term Debt (Excluding Current Portion)
Long-term debt exhibited volatility, increasing to a peak of 14.51% in December 2022 before steadily declining to 7.43% by June 2025, suggesting active repayment or refinancing activities reducing the relative long-term debt burden.
Other Long-Term Liabilities
Other long-term liabilities remained fairly stable around 4-6%, with a slight decreasing tendency from about 5.66% in March 2020 to 4.04% in June 2025.
Total Long-Term Liabilities
Total long-term liabilities declined moderately from 34.47% in March 2020 to 23.67% by June 2025, indicating a reduction in long-term obligations proportional to the total capital structure.
Total Liabilities
Total liabilities as a share of total liabilities and stockholders’ equity decreased consistently from 70.5% in March 2020 to 51.07% in June 2025, demonstrating a gradual strengthening of the equity base relative to liabilities.
Common Stock
Common stock as a percentage remained negligible and practically stable at or near 0.02%, indicating little change in par value representation within the capital structure.
Treasury Stock
Treasury stock showed a negative percentage reflecting repurchased shares, increasing in magnitude from -0.83% in March 2020, reaching a peak negative around -1.87% in June 2022, before gradually reversing to -1.15% in June 2025, implying some share reissuance or reduction in treasury holdings in later periods.
Additional Paid-in Capital
This component exhibited a clear upward trend, rising from 16.01% in March 2020 to about 19.19% by June 2025, reflecting capital increases or favorable equity transactions over time.
Accumulated Other Comprehensive Income (Loss)
The accumulated comprehensive income (loss) fluctuated generally close to zero but showed some periods of modest negative values transitioning to positive territory by June 2025, indicative of varying unrealized gains or losses within equity.
Retained Earnings
Retained earnings showed steady growth from 15.26% in March 2020 to a substantial 30.51% in June 2025, pointing to strong accumulated profits contributing to equity enhancement over the period.
Stockholders’ Equity
Stockholders’ equity increased consistently from 29.5% in March 2020 to 48.93% in June 2025, representing a strengthening capital base and a reduction in the leverage ratio relative to total liabilities.
Total Liabilities and Stockholders’ Equity
Remained constant at 100% by definition, representing the complete capitalization structure across all periods analyzed.