Dollar Amounts
USD (Millions)
Balance sheet data in USD (millions)
Doing some research...
ADVANCED MICRO DEVICES, INC.’s balance sheet shows a pronounced structural change between 2021 and 2022 and relatively stable evolution after that. Total assets jumped from $12.4 billion in 2021 to $67.6 billion in 2022 (+444%), then increased modestly to $69.2 billion by 2024. Liabilities rose from $4.9 billion to $12.8 billion in 2022 but then declined slightly to $11.7 billion in 2024. Stockholders’ equity expanded dramatically from $7.5 billion in 2021 to $54.8 billion in 2022 and continued to creep higher to $57.6 billion by 2024. The liability-to-asset ratio fell from ~40% in 2021 to under 20% from 2022 onward, while equity accounted for roughly 60% of assets in 2021 and more than 80% in 2022–2024, indicating a much stronger capital cushion and lower relative leverage after 2021. The one-time step-up in all balance-sheet line items between 2021 and 2022 is the most noteworthy feature and is consistent with a large corporate transaction or restatement (for example, AMD’s 2022 Xilinx acquisition and associated purchase accounting), which would materially increase reported assets and equity. After that event the company’s fundamentals look stable: modest asset growth, slight deleveraging, and continued equity accretion through 2024. As a fabless semiconductor company operating in a capital-intensive industry, the enlarged asset base may reflect acquired intangible assets, inventories and goodwill rather than heavy manufacturing plant; investors should note integration risks and the composition of the new assets. Also, the 2025 row shows zeros and appears to be missing/placeholder data, so current-year conclusions shouldn’t rely on 2025 figures.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.