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Amazon Balance Sheet

 

Period Ending:	2020 31/12	2020 30/09	2020 30/06	2020 31/03
Total Current Assets	132733	112969	110908	85985
Cash and Short Term Investments 84396 68402 71391 49292 Cash - - - - Cash & Equivalents 42122 29930 37466 27201 Short Term Investments 42274 38472 33925 22091 Total Receivables, Net 24309 20593 19564 17554 Accounts Receivables - Trade, Net 24309 20593 19564 17554 Total Inventory 23795 23735 19599 18857 Prepaid Expenses - - - - Other Current Assets, Total 233 239 354 282
Total Assets	321195	282179	258314	221238
Property/Plant/Equipment, Total - Net 150667 134100 115054 104058 Property/Plant/Equipment, Total - Gross - - 89337 84279 Accumulated Depreciation, Total - - -32100 -30500 Goodwill, Net 15017 14960 14751 14739 Intangibles, Net - - - - Long Term Investments 3200 1600 1100 520 Note Receivable - Long Term - - - - Other Long Term Assets, Total 19578 18550 16501 15936 Other Assets, Total - - - -
Total Current Liabilities	126385	101912	93896	79711
Accounts Payable 72539 58334 51036 40056 Payable/Accrued - - - - Accrued Expenses 42983 34172 32709 29480 Notes Payable/Short Term Debt - - - - Current Port. of LT Debt/Capital Leases 1155 155 1154 1311 Other Current liabilities, Total 9708 9251 8997 8864
Total Liabilities	227791	199404	184586	155966
Total Long Term Debt 49876 50419 49857 39932 Long Term Debt 31816 32929 33128 23437 Capital Lease Obligations 18060 17490 16729 16495 Deferred Income Tax - - - - Minority Interest - - - - Other Liabilities, Total 51530 47073 40833 36323
Total Equity	93404	82775	73728	65272
Redeemable Preferred Stock, Total - - - - Preferred Stock - Non Redeemable, Net - - - - Common Stock, Total 5 5 5 5 Additional Paid-In Capital 42865 40307 38017 35412 Retained Earnings (Accumulated Deficit) 52551 45329 38998 33755 Treasury Stock - Common -1837 -1837 -1837 -1837 ESOP Debt Guarantee - - - - Unrealized Gain (Loss) - - - - Other Equity, Total -180 -1029 -1455 -2063
Total Liabilities & Shareholders' Equity	321195	282179	258314	221238
Total Common Shares Outstanding	503	502	501	499
Total Preferred Shares Outstanding	-	-	-	-

During the past 12 months, Amazon.com's average Total Assets Growth Rate was 39.10% per year. During the past 3 years, the average Total Assets Growth Rate was 33.10% per year. During the past 5 years, the average Total Assets Growth Rate was 39.90% per year. During the past 10 years, the average Total Assets Growth Rate was 35.70% per year. During the past 13 years, Amazon.com's highest 3-Year average Total Assets Growth Rate was 842.80%. The lowest was -26.80%. And the median was 39.30%.

Total Assets is connected with ROA %. Amazon.com's annualized ROA % for the quarter that ended in Dec. 2020 was 9.58%. Total Assets is also linked to Revenue through Asset Turnover. Amazon.com's Asset Turnover for the quarter that ended in Dec. 2020 was 0.42.

Amazon.com Total Assets Calculation

Total Assets are all the assets a company owns.

From the capital sources of the assets, some of the assets are funded through shareholder's paid in capital and retained earnings of the business. Others are funded through borrowed money.

Amazon.com's Total Assets for the fiscal year that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (A: Dec. 2020 )	+	Total Liabilities (A: Dec. 2020 )
	=	93404	+	227791
	=	321,195

Amazon.com's Total Assets for the quarter that ended in Dec. 2020 is calculated as

Total Assets	=	Total Equity (Q: Dec. 2020 )	+	Total Liabilities (Q: Dec. 2020 )
	=	93404	+	227791
	=	321,195

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

Amazon.com  (NAS:AMZN) Total Assets Explanation

Total Assets is connected with ROA %.

Amazon.com's annualized ROA % for the quarter that ended in Dec. 2020 is

ROA %	=	Net Income (Q: Dec. 2020 )	/	( (Total Assets (Q: Sep. 2020 )	+	Total Assets (Q: Dec. 2020 ))	/ count )
	=	28888	/	( (282179	+	321195)	/ 2 )
	=	28888	/	301687
	=	9.58 %

Note: The Net Income data used here is four times the quarterly (Dec. 2020) data.

In the article Joining The Dark Side: Pirates, Spies and Short Sellers, James Montier reported that In their US sample covering the period 1968-2003, Cooper et al find that firms with low asset growth outperformed firms with high asset growth by an astounding 20% p.a. equally weighted. Even when controlling for market, size and style, low asset growth firms outperformed high asset growth firms by 13% p.a. Therefore a company with fast asset growth may underperform.

Total Assets is linked to total revenue through Asset Turnover.

Amazon.com's Asset Turnover for the quarter that ended in Dec. 2020 is

	Asset Turnover
=	Revenue (Q: Dec. 2020 )	/	( (Total Assets (Q: Sep. 2020 )	+	Total Assets (Q: Dec. 2020 ))	/ count )
=	125555	/	( (282179	+	321195)	/ 2 )
=	125555	/	301687
=	0.42

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

Therefore, if a company grows its Total Assets faster than its Revenue, the Asset Turnover will decline. This might be a warning sign for the business.

Amazon.com Total Liabilities Calculation

Total Liabilities are the liabilities that the company has to pay others. It is a part of the balance sheet of a company that shareholders do not own, and would be obligated to pay back if the company liquidated.

Amazon.com's Total Liabilities for the fiscal year that ended in Dec. 2020 is calculated as

Total Liabilities

=

Total Current Liabilities

+

Total Noncurrent Liabilities

=

Total Current Liabilities

+

(Long-Term Debt & Capital Lease Obligation

+

Other Long-Term Liabilities

=

126385

+

(84389

+

17017

+

NonCurrent Deferred Liabilities

+

PensionAndRetirementBenefit)

+

0

+

0)

=

227,791

Total Liabilities

=

Total Assets (A: Dec. 2020 )

-

Total Equity (A: Dec. 2020 )

=

321195

-

93404

=

227,791

Amazon.com's Total Liabilities for the quarter that ended in Dec. 2020 is calculated as

Total Liabilities

=

Total Current Liabilities

+

Total Noncurrent Liabilities

=

Total Current Liabilities

+

(Long-Term Debt & Capital Lease Obligation

+

Other Long-Term Liabilities

=

126385

+

(84389

+

17017

+

NonCurrent Deferred Liabilities

+

PensionAndRetirementBenefit)

+

0

+

0)

=

227,791

Total Liabilities

=

Total Assets (Q: Dec. 2020 )

-

Total Equity (Q: Dec. 2020 )

=

321195

-

93404

=

227,791

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

CONCLUSION:

In general, a liability is an unfulfilled or unpaid duty between one party and another. A financial responsibility is also an obligation in the field of accounting, but it is more characterized by previous business transactions, activities, purchases, exchange of goods or services, or something that will provide economic value at a later date. Non-current liabilities are long-term and current liabilities are short-term (expected to be completed in 12 months or less) (12 months or greater). The legal responsibility of a company or an entity is often referred to as liability. Many companies, for example, purchase liability insurance in the event that a client or employee sues them due to negligence.

Liabilities represent the company’s obligations to others, which must be measurable and their occurrence probable. These obligations stem from a company’s operating activities (accounts payable, unearned revenues, income tax payable, capital leases, etc.) and financing activities (debt).

Used Literatures:

1.https://www.investopedia.com/terms/n/noncurrent-liabilities.asp

2.https://www.investopedia.com/terms/c/contingentliability.asp

3.https://www.investopedia.com/terms/l/liability-management.asp

4.https://www.gurufocus.com/term/Total+Assets/AMZN/Total%252BAssets/Amazon.com%2BInc

5. https://www.ipostjournal.com/current-liabilities/

6. Crash Course in Accounting and Financial Statement Analysis, Second Edition by Matan Feldman, Arkady Libman