Balance Sheet: Liabilities and Stockholders’ Equity
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.
Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.
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- Income Statement
- Statement of Comprehensive Income
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Reportable Segments
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Price to Earnings (P/E) since 2005
- Price to Operating Profit (P/OP) since 2005
- Aggregate Accruals
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Amazon.com Inc., consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)
US$ in millions
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).
- Accounts payable
- Accounts payable showed notable fluctuations with a general upward trend from $40,056 million in March 2020 to $89,241 million in March 2025. There were marked increases towards the end of 2021 and again in late 2024, indicating potentially higher operational activities or delayed payments during these periods.
- Current portion of operating lease liabilities
- This liability increased steadily from $3,279 million in March 2020 to $10,884 million in December 2024, reflecting a rising obligation related to operating leases. The growth is consistent across quarters, showing an expansion in lease commitments over time.
- Current portion of finance lease liabilities
- This item exhibited a consistent decline from $9,824 million in March 2020 to $1,359 million in March 2025. This decreasing trend could indicate a repayment or reduction in finance lease obligations during the period.
- Current portion of long-term debt
- The current portion of long-term debt was relatively low and fluctuated, with a peak around $8,494 million in December 2021, followed by a decline to approximately $5,014 million by March 2025. The variability suggests restructuring or scheduled repayments occurring in intervals.
- Other current liabilities
- Labeled as "Other," this category rose significantly from $16,377 million in March 2020 to peaks above $52,954 million in March 2023 before slightly declining but remaining elevated. This increase suggests growth in miscellaneous liabilities possibly related to expanding operations or accruals.
- Accrued expenses and other
- Accrued expenses and other liabilities increased from $30,791 million in March 2020 to $66,331 million by March 2025. The pattern shows steady growth, with spikes around year-end periods, which may be related to seasonal business cycles or timing of expenses.
- Unearned revenue
- Unearned revenue steadily increased from $8,864 million in March 2020 to $20,599 million in March 2025. This upward trajectory indicates growth in advance payments from customers, potentially reflecting increased sales or subscription services.
- Current liabilities
- Total current liabilities increased from $79,711 million in March 2020 to a peak of $179,431 million in December 2024, followed by a slight decrease to $176,171 million in March 2025. This doubling over five years highlights a significant growth in short-term obligations.
- Long-term operating lease liabilities, excluding current portion
- This liability grew from $23,805 million in March 2020 to $70,847 million by March 2025. The consistent increases demonstrate expanding commitments in long-term operating leases, aligning with the trend in current operating lease liabilities.
- Long-term finance lease liabilities, excluding current portion
- Long-term finance lease liabilities declined steadily from $16,495 million in March 2020 to $9,024 million in March 2025. The reduction mirrors the decrease in current finance lease liabilities and may be due to scheduled repayments or asset disposals.
- Total long-term lease liabilities, excluding current portion
- Combined long-term lease obligations rose from $40,300 million to $79,871 million over the five-year period, indicating substantial growth in lease-related liabilities driven mainly by operating leases, despite reductions in finance leases.
- Long-term debt, excluding current portion
- This liability experienced fluctuations, initially rising from $23,437 million in March 2020 to $50,279 million in June 2021, followed by a gradual decline to approximately $53,374 million in March 2025. The peak and subsequent decline suggest debt issuance followed by repayments.
- Other long-term liabilities
- These liabilities increased moderately from $12,518 million in March 2020 to a high of $29,306 million in September 2024, before a slight decrease to $27,973 million in March 2025. The growth points to higher obligations of varied nature, possibly reflecting employee benefits or deferred taxes.
- Total long-term liabilities
- Total long-term liabilities rose substantially from $76,255 million in March 2020 to approximately $161,218 million in March 2025, more than doubling over the period. This indicates a large build-up in long-term financial obligations and lease commitments.
- Total liabilities
- Total liabilities increased significantly from $155,966 million in March 2020 to $337,389 million in March 2025. The growth reflects expansion in both current and long-term obligations, consistent with an extensive scaling of operations and financing activities.
- Common stock and treasury stock
- Common stock par value remained relatively stable, showing only minor increases from $5 million to $111 million, likely reflecting stock issuances. Treasury stock increased sharply (negatively) around March 2022 from -$1,837 million to -$7,837 million and remained at that level, indicating repurchases or retained shares.
- Additional paid-in capital
- This equity component showed consistent growth from $35,412 million in March 2020 to $124,514 million in March 2025, more than tripling. The increase is indicative of new equity infusions or issuance at a premium over par value.
- Accumulated other comprehensive loss
- Accumulated other comprehensive loss fluctuated with no clear trend, showing both improvements and deteriorations. It started at -$2,063 million in March 2020, reached worse levels exceeding -$7,000 million in 2022, but improved to -$914 million by March 2025, indicating volatile unrealized gains/losses or currency translation adjustments.
- Retained earnings
- Retained earnings demonstrated robust growth, increasing from $33,755 million to $189,993 million over the analyzed period. This substantial rise suggests sustained profitability and reinvestment of earnings within the business.
- Stockholders’ equity
- Total stockholders’ equity grew significantly from $65,272 million in March 2020 to $305,867 million in March 2025. This growth reflects the combined effects of retained earnings accumulation, additional paid-in capital increases, and stable common stock, highlighting strengthening financial position.
- Total liabilities and stockholders’ equity
- The combined total of liabilities and equity rose from $221,238 million to $643,256 million over five years, indicating substantial growth in the company’s balance sheet size. The increase denotes expanding asset base supported by increased liabilities and equity financing sources.