Stock Analysis on Net

Amazon.com Inc. (NASDAQ:AMZN)

$24.99

Balance Sheet: Assets
Quarterly Data

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

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

US$ in millions

Microsoft Excel
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: 2025-03-31), 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 cash and cash equivalents balance shows volatility across the periods, with a notable increase peaking at 73,387 million US$ by December 31, 2023, before slightly declining to 66,207 million US$ at the end of March 31, 2025. Overall, there is an upward trend in liquidity with periodic fluctuations.
Marketable securities
Marketable securities experienced a peak in late 2021 at 59,829 million US$, followed by a downward trend into early 2023, reaching a low of 13,393 million US$. Afterwards, the balance recovered moderately, ending at 28,358 million US$ in March 2025, indicating cyclical investment adjustments.
Inventories
Inventories steadily increased from 18,857 million US$ in March 2020 to a peak near 38,153 million US$ by June 2022, before undergoing some declines and fluctuations. The latest figures reflect a moderate level around 35,864 million US$, suggesting some inventory management variability but overall growth.
Accounts receivable, net and other
This item exhibits a consistent upward trajectory from 17,836 million US$ in early 2020 to 55,216 million US$ by March 2025. The steady increase reflects a growing volume of sales on credit or other receivables, potentially aligned with expanding operational scale.
Current assets
Current assets display growth from 85,985 million US$ in March 2020 to a peak of nearly 172,351 million US$ by December 2023, followed by some variability and a slight decrease to 184,645 million US$ by March 2025, indicating overall strengthening of short-term asset positions.
Property and equipment, net
Property and equipment, net, shows a strong and steady increase from 77,779 million US$ in March 2020 to 272,781 million US$ by March 2025. This reflects significant ongoing capital investment in fixed assets, contributing to expanded productive capacity.
Operating leases
Operating leases grew consistently from 26,279 million US$ to 78,495 million US$ between March 2020 and March 2025, suggesting increased use or valuation of leased assets, possibly aligned with operational expansion.
Goodwill
Goodwill remains relatively stable overall, with minor fluctuations around the 15,000 to 23,000 million US$ range, reflecting limited activity in acquisitions or impairment adjustments during the timeframe.
Other assets
Other assets increased steadily from 16,456 million US$ in early 2020 to 84,246 million US$ by March 2025, indicating growth in non-current and miscellaneous asset categories.
Long-term assets
Long-term assets demonstrated a continuous upward trend from 135,253 million US$ to 458,611 million US$ over the observed periods. This expansion reflects escalating investments in capital and non-current asset bases.
Total assets
Total assets rose from 221,238 million US$ in March 2020 to 643,256 million US$ by March 2025. Despite minor fluctuations around 410-420 billion US$ in early 2022, the general trend is a significant increase in overall asset holdings, supporting extensive growth and expansion strategies.

Assets: Selected Items


Current Assets: Selected Items