10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ADVANCED MICRO DEVICES INC | |||
Ticker: AMD Fiscal Year: 2016 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 21, 2017) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 26, 2015 | Dec 27, 2014 | |
| Net revenue | $ 4,272 | 3,991 | 5,506 |
| Cost of sales | 3,274 | 2,911 | 3,667 |
| Gross margin | 998 | 1,080 | 1,839 |
| Research and development | 1,008 | 947 | 1,072 |
| Marketing, general and administrative | 460 | 482 | 604 |
| Amortization of acquired intangible assets | 0 | 3 | 14 |
| Restructuring and other special charges, net | (10) | 129 | 71 |
| Licensing gain | (88) | 0 | 0 |
| Goodwill impairment charge | 0 | 0 | 233 |
| Operating loss | (372) | (481) | (155) |
| Interest expense | (156) | (160) | (177) |
| Other income (expense), net | 80 | (5) | (66) |
| Loss before equity loss and income taxes | (448) | (646) | (398) |
| Provision for income taxes | 39 | 14 | 5 |
| Equity in income (loss) of ATMP JV | (10) | 0 | 0 |
| Net loss | (497) | (660) | (403) |
| Net loss per share | |||
| Basic (USD per share) | (0.60) | (0.84) | (0.53) |
| Diluted (USD per share) | (0.60) | (0.84) | (0.53) |
| Shares used in per share calculation | |||
| Basic (shares) | 835 | 783 | 768 |
| Diluted (shares) | 835 | 783 | 768 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ADVANCED MICRO DEVICES INC | |||
Ticker: AMD Fiscal Year: 2016 | |||
Consolidated Statements of Comprehensive Loss | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 21, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 26, 2015 | Dec 27, 2014 | |
| Net loss | $ (497) | (660) | (403) |
| Other comprehensive income (loss): | |||
| Unrealized gains (losses) on available-for-sale securities: | |||
| Unrealized gains (losses) arising during period, net of tax effects of $1, $0 and $0 | 0 | (2) | 0 |
| Unrealized gains (losses) on cash flow hedges: | |||
| Unrealized gains (losses) arising during period, net of tax effects of $2, $0 and $0 | 1 | (22) | (9) |
| Reclassification adjustment for (gains) losses realized and included in net loss, net of tax effect of $0 | 2 | 21 | 6 |
| Total change in unrealized gains (losses) on cash flow hedges, net of tax | 3 | (1) | (3) |
| Total other comprehensive income (loss) | 3 | (3) | (3) |
| Total comprehensive loss | (494) | (663) | (406) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ADVANCED MICRO DEVICES INC | |||
Ticker: AMD Fiscal Year: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 21, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 26, 2015 | Dec 27, 2014 | |
| Cash flows from operating activities: | |||
| Net loss | $ (497) | (660) | (403) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Net gain on sale of equity interests in ATMP JV | (146) | 0 | 0 |
| Equity in loss of ATMP JV | 2 | 0 | 0 |
| Depreciation and amortization | 133 | 167 | 203 |
| Provision for deferred income taxes | 11 | 0 | 0 |
| Stock-based compensation expense | 86 | 63 | 81 |
| Non-cash interest expense | 21 | 11 | 17 |
| Goodwill impairment charge | 0 | 0 | 233 |
| Restructuring and other special charges, net | 0 | 83 | 14 |
| Net loss on debt redemption | 68 | 0 | 61 |
| Fair value of warrant issued related to sixth amendment to the WSA | 240 | 0 | 0 |
| Other | (8) | (3) | (13) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | 222 | 280 | 7 |
| Inventories | (73) | (11) | 199 |
| Prepayment and other - GLOBALFOUNDRIES | 1 | 84 | (113) |
| Prepaid expenses and other assets | (166) | (111) | (7) |
| Payable to ATMP JV | 128 | 0 | 0 |
| Payable to GLOBALFOUNDRIES | 10 | 27 | (146) |
| Accounts payables, accrued liabilities and other | 58 | (156) | (231) |
| Net cash provided by (used in) operating activities | 90 | (226) | (98) |
| Cash flows from investing activities: | |||
| Net Proceeds from sale of equity interests in ATMP JV | 342 | 0 | 0 |
| Purchases of available-for-sale securities | 0 | (227) | (790) |
| Purchases of property, plant and equipment | (77) | (96) | (95) |
| Proceeds from maturities of available-for-sale securities | 0 | 462 | 873 |
| Proceeds from sale of property, plant and equipment | 0 | 8 | 0 |
| Other | 2 | 0 | 0 |
| Net cash provided by (used in) investing activities | 267 | 147 | (12) |
| Cash flows from financing activities: | |||
| Proceeds from (repayments of) borrowings, net | (230) | 100 | 75 |
| Proceeds from issuance of senior notes, net of issuance costs | 782 | 0 | 1,080 |
| Proceeds from issuance of common stock, net of issuance costs | 667 | 0 | 0 |
| Proceeds from issuance of common stock under stock-based compensation equity plans | 20 | 5 | 4 |
| Repayments of long-term debt and capital lease obligations | (1,113) | (44) | (1,115) |
| Other | (4) | (2) | 2 |
| Net cash provided by financing activities | 122 | 59 | 46 |
| Net increase (decrease) in cash and cash equivalents | 479 | (20) | (64) |
| Cash and cash equivalents at beginning of year | 785 | 805 | |
| Cash and cash equivalents at end of year | 1,264 | 785 | 805 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid during the year for interest | 149 | 149 | 138 |
| Cash paid during the year for income taxes | 20 | 3 | 7 |
| Non-cash financing activity: | |||
| Issuance of common stock to partially settle the 7.00% Notes | 8 | 0 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ADVANCED MICRO DEVICES INC | ||
Ticker: AMD Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 21, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 26, 2015 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,264 | 785 |
| Accounts receivable, net | 311 | 533 |
| Inventories, net | 751 | 678 |
| Prepayment and other - GLOBALFOUNDRIES | 32 | 33 |
| Prepaid expenses | 63 | 43 |
| Other current assets | 109 | 248 |
| Total current assets | 2,530 | 2,320 |
| Property, plant and equipment, net | 164 | 188 |
| Goodwill | 289 | 278 |
| Investment in ATMP JV | 59 | 0 |
| Other assets | 279 | 298 |
| Total assets | 3,321 | 3,084 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Short-term debt | 0 | 230 |
| Accounts payable | 440 | 279 |
| Payable to GLOBALFOUNDRIES | 255 | 245 |
| Payable to ATMP JV | 128 | 0 |
| Accrued liabilities | 391 | 472 [1] |
| Other current liabilities | 69 | 124 |
| Deferred income on shipments to distributors | 63 | 53 |
| Total current liabilities | 1,346 | 1,403 |
| Long-term debt, net | 1,435 [2] | 2,007 |
| Other long-term liabilities | 124 | 86 |
| Commitments and contingencies (see Notes 16 and 17) | ||
| Stockholders equity (deficit): | ||
| Common stock, par value $0.01; 1,500 shares authorized on December 31, 2016 and December 26, 2015; shares issued: 949 shares on December 31, 2016 and 806 shares on December 26, 2015; shares outstanding: 935 shares on December 31, 2016 and 792 shares on December 26, 2015 | 9 | 8 |
| Additional paid-in capital | 8,334 | 7,017 |
| Treasury stock, at cost (14 shares on December 31, 2016 and December 26, 2015 ) | (119) | (123) |
| Accumulated deficit | (7,803) | (7,306) |
| Accumulated other comprehensive loss | (5) | (8) |
| Total stockholders equity (deficit) | 416 | (412) |
| Total liabilities and stockholders equity (deficit) | 3,321 | 3,084 |
| [1] Amounts reflected adoption of FASB ASU 2015-17, Balance Sheet Classification of Deferred Taxes beginning in the first quarter of 2016. | ||
| [2] Amounts reflected adoption of FASB ASU 2015-03, Simplifying the Presentation of Debt Issuance Costs beginning in the first quarter of 2016. | ||
| External Links | |
| ADVANCED MICRO DEVICES INC (AMD) Fiscal Year 2016 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |