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: 2017 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 30, 2017 10-K (Filed: Feb 27, 2018) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 30, 2017 | Dec 31, 2016 | Dec 26, 2015 | |
| Net revenue | $ 5,329 | 4,272 | 3,991 |
| Cost of sales | 3,506 | 3,274 | 2,911 |
| Gross margin | 1,823 | 998 | 1,080 |
| Research and development | 1,160 | 1,008 | 947 |
| Marketing, general and administrative | 511 | 460 | 482 |
| Amortization of acquired intangible assets | 0 | 0 | 3 |
| Restructuring and other special charges, net | 0 | (10) | 129 |
| Licensing gain | (52) | (88) | 0 |
| Operating income (loss) | 204 | (372) | (481) |
| Interest expense | (126) | (156) | (160) |
| Other income (expense), net | (9) | 80 | (5) |
| Income (loss) before equity loss and income taxes | 69 | (448) | (646) |
| Provision for income taxes | 19 | 39 | 14 |
| Equity loss in investee | (7) | (10) | 0 |
| Net income (loss) | 43 | (497) | (660) |
| Earnings (loss) per share | |||
| Basic (USD per share) | 0.04 | (0.60) | (0.84) |
| Diluted (USD per share) | 0.04 | (0.60) | (0.84) |
| Shares used in per share calculation | |||
| Basic (shares) | 952 | 835 | 783 |
| Diluted (shares) | 1,039 | 835 | 783 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ADVANCED MICRO DEVICES INC | |||
Ticker: AMD Fiscal Year: 2017 | |||
Consolidated Statements of Comprehensive Loss | |||
Period Ending Dec 30, 2017 10-K (Filed: Feb 27, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 30, 2017 | Dec 31, 2016 | Dec 26, 2015 | |
| Net income (loss) | $ 43 | (497) | (660) |
| Other comprehensive income (loss): | |||
| Unrealized gains (losses) on available-for-sale securities: | |||
| Unrealized gains (losses) arising during period, net of tax effects of $0, $1, and $0 | 1 | 0 | (2) |
| Unrealized gains (losses) on cash flow hedges: | |||
| Unrealized gains (losses) arising during period, net of tax effects of $0, $2, and $0 | 17 | 1 | (22) |
| Reclassification adjustment for (gains) losses realized and included in net income (loss), net of tax effect of $1, $0, and $0 | (7) | 2 | 21 |
| Total change in unrealized gains (losses) on cash flow hedges, net of tax | 10 | 3 | (1) |
| Total other comprehensive income (loss) | 11 | 3 | (3) |
| Total comprehensive income (loss) | 54 | (494) | (663) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ADVANCED MICRO DEVICES INC | |||
Ticker: AMD Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 30, 2017 10-K (Filed: Feb 27, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 30, 2017 | Dec 31, 2016 | Dec 26, 2015 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ 43 | (497) | (660) |
| Adjustments to reconcile net loss to net cash provided by (used in) operating activities: | |||
| Net gain on sale of equity interests in ATMP JV | (3) | (146) | 0 |
| Depreciation and amortization | 144 | 133 | 167 |
| Provision for deferred income taxes | 0 | 11 | 0 |
| Stock-based compensation expense | 97 | 86 | 63 |
| Amortization of debt discount and issuance costs | 36 | 21 | 11 |
| Restructuring and other special charges, net | 0 | 0 | 83 |
| Net loss on debt redemption | 12 | 68 | 0 |
| Fair value of warrant issued related to sixth amendment to the WSA | 0 | 240 | 0 |
| Other | 3 | (6) | (3) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (89) | 222 | 280 |
| Inventories | 12 | (73) | (11) |
| Prepayment and other receivables - related parties | (1) | 1 | 84 |
| Prepaid expenses and other assets | (140) | (166) | (111) |
| Payable to related parties | 29 | 138 | 27 |
| Accounts payable, accrued liabilities and other | (75) | 58 | (156) |
| Net cash provided by (used in) operating activities | 68 | 90 | (226) |
| Cash flows from investing activities: | |||
| Net proceeds from sale of equity interests in ATMP JV | 1 | 342 | 0 |
| Purchases of available-for-sale securities | (222) | 0 | (227) |
| Purchases of property, plant and equipment | (113) | (77) | (96) |
| Proceeds from maturities of available-for-sale securities | 222 | 0 | 462 |
| Proceeds from sale of property, plant and equipment | 0 | 0 | 8 |
| Other | (2) | 2 | 0 |
| Net cash provided by (used in) investing activities | (114) | 267 | 147 |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock, net of issuance costs | 0 | 667 | 0 |
| Proceeds from issuance of convertible senior notes, net of issuance costs | 0 | 782 | 0 |
| Proceeds from issuance of common stock under stock-based compensation equity plans | 20 | 20 | 5 |
| Proceeds from (repayments of) short-term borrowings, net | 70 | (230) | 100 |
| Repayments of long-term debt and capital lease obligations | (110) | (1,113) | (44) |
| Other | (13) | (4) | (2) |
| Net cash provided by (used in) financing activities | (33) | 122 | 59 |
| Net increase (decrease) in cash and cash equivalents | (79) | 479 | (20) |
| Cash and cash equivalents at beginning of year | 1,264 | 785 | |
| Cash and cash equivalents at end of year | 1,185 | 1,264 | 785 |
| Supplemental disclosures of cash flow information: | |||
| Cash paid during the year for: | |||
| Interest | 88 | 149 | 149 |
| Income taxes | 20 | 20 | 3 |
| Non-cash investing and financing activities: | |||
| Purchases of property, plant and equipment, accrued but not paid | 50 | 0 | 0 |
| Issuance of common stock to partially settle long-term debt | 38 | 8 | 0 |
| Non-cash acquisition of property and equipment | 12 | 0 | 0 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ADVANCED MICRO DEVICES INC | ||
Ticker: AMD Fiscal Year: 2017 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 30, 2017 10-K (Filed: Feb 27, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 30, 2017 | Dec 31, 2016 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,185 | 1,264 |
| Accounts receivable, net | 400 | 311 |
| Inventories, net | 739 | 751 |
| Prepayment and other receivables - related parties | 33 | 32 |
| Prepaid expenses | 77 | 63 |
| Other current assets | 188 | 109 |
| Total current assets | 2,622 | 2,530 |
| Property, plant and equipment, net | 261 | 164 |
| Goodwill | 289 | 289 |
| Investment: equity method | 58 | 59 |
| Other assets | 310 | 279 |
| Total assets | 3,540 | 3,321 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Short-term debt | 70 | 0 |
| Accounts payable | 384 | 440 |
| Payables to related parties | 412 | 383 |
| Accrued liabilities | 541 | 391 |
| Other current liabilities | 57 | 69 |
| Deferred income on shipments to distributors | 22 [1] | 63 |
| Total current liabilities | 1,486 | 1,346 |
| Long-term debt, net | 1,325 | 1,435 |
| Other long-term liabilities | 118 | 124 |
| Commitments and contingencies (see Notes 16 and 17) | ||
| Stockholders equity: | ||
| Common stock, par value $0.01; 1,500 shares authorized on December 30, 2017 and December 31, 2016; shares issued: 979 shares on December 30, 2017 and 949 shares on December 31, 2016; shares outstanding: 967 shares on December 30, 2017 and 935 shares on December 31, 2016 | 9 | 9 |
| Additional paid-in capital | 8,464 | 8,334 |
| Treasury stock, at cost (12 shares on December 30, 2017 and 14 shares on December 31, 2016) | (108) | (119) |
| Accumulated deficit | (7,760) | (7,803) |
| Accumulated other comprehensive income (loss) | 6 | (5) |
| Total stockholders equity | 611 | 416 |
| Total liabilities and stockholders equity | 3,540 | 3,321 |
| [1] Amounts reflected adoption of FASB ASU 2015-17, Balance Sheet Classification of Deferred Taxes beginning in the first quarter of 2016. | 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 2017 | |
| 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 |