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: 2019 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 28, 2019 10-K (Filed: Feb 4, 2020) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | |
| Net revenue | $ 6,731 | 6,475 | 5,253 |
| Cost of sales | 3,863 | 4,028 | 3,466 |
| Gross profit | 2,868 | 2,447 | 1,787 |
| Research and development | 1,547 | 1,434 | 1,196 |
| Marketing, general and administrative | 750 | 562 | 516 |
| Licensing gain | (60) | 0 | (52) |
| Operating income | 631 | 451 | 127 |
| Interest expense | (94) | (121) | (126) |
| Other expense, net | (165) | 0 | (9) |
| Income (loss) before income taxes and equity loss | 372 | 330 | (8) |
| Provision for (benefit from) income taxes | 31 | (9) | 18 |
| Equity loss in investee | 0 | (2) | (7) |
| Net income (loss) | 341 | 337 | (33) |
| Earnings (loss) per share | |||
| Basic (in usd per share) | 0.31 | 0.34 | (0.03) |
| Diluted (in usd per share) | 0.30 | 0.32 | (0.03) |
| Shares used in per share calculation | |||
| Basic ((in shares)) | 1,091 | 982 | 952 |
| Diluted (in shares) | 1,120 | 1,064 | 952 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ADVANCED MICRO DEVICES INC | |||
Ticker: AMD Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Income (Loss) | |||
Period Ending Dec 28, 2019 10-K (Filed: Feb 4, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | |
| Net income (loss) | $ 341 | 337 | (33) |
| Other comprehensive income (loss), net of tax of zero: | |||
| Unrealized gains (losses) on available-for-sale securities: | |||
| Unrealized gains arising during period | 0 | 0 | 1 |
| Unrealized gains (losses) on cash flow hedges: | |||
| Unrealized gains (losses) arising during period | 2 | ||
| Reclassification adjustment for (gains) losses realized and included in net income (loss) | 6 | ||
| Total change in unrealized gains (losses) on cash flow hedges | 8 | ||
| Unrealized gains (losses) arising during period | (19) | 17 | |
| Reclassification adjustment for (gains) losses realized and included in net income (loss) | 5 | (7) | |
| Total change in unrealized gains (losses) on cash flow hedges | (14) | 10 | |
| Cumulative-effect adjustment to accumulated deficit related to the adoption of ASU 2016-01, Financial Instruments | 0 | 2 | 0 |
| Total comprehensive income (loss) | 349 | 325 | (22) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ADVANCED MICRO DEVICES INC | |||
Ticker: AMD Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 28, 2019 10-K (Filed: Feb 4, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 28, 2019 | Dec 29, 2018 | Dec 30, 2017 | |
| Cash flows from operating activities: | |||
| Net income (loss) | $ 341 | 337 | (33) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 222 | 170 | 144 |
| Stock-based compensation | 197 | 137 | 97 |
| Amortization of debt discount and issuance costs | 30 | 38 | 36 |
| Amortization of operating lease right-of-use assets | 36 | 0 | 0 |
| Loss on debt redemption, repurchase and conversion | 176 | 12 | 12 |
| Loss on sale/disposal of property and equipment | 42 | 27 | 0 |
| Impairment of technology licenses | 0 | 45 | 0 |
| Deferred income taxes | (4) | (4) | 0 |
| Other | (5) | (1) | 0 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (623) | (806) | (103) |
| Inventories | (137) | (151) | (3) |
| Prepayment and receivablesrelated parties | 14 | (28) | (6) |
| Prepaid expenses and other assets | (176) | (70) | (167) |
| Payables to related parties | 7 | 35 | 43 |
| Accounts payable, accrued liabilities and other | 373 | 293 | (8) |
| Net cash provided by operating activities | 493 | 34 | 12 |
| Cash flows from investing activities: | |||
| Purchases of available-for-sale debt securities | 284 | 123 | 222 |
| Purchases of property and equipment | (217) | (163) | (113) |
| Proceeds from maturity of available-for-sale debt securities | 325 | 45 | 222 |
| Collection of deferred proceeds on sale of receivables | 25 | 71 | 60 |
| Other | 2 | 0 | (1) |
| Net cash used in investing activities | (149) | (170) | (54) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock through employee equity incentive plans | 74 | 70 | 20 |
| Proceeds from (repayments of) short-term debt | (70) | 0 | 70 |
| Proceeds from warrant exercised by related party | 449 | 0 | 0 |
| Payments to extinguish long-term debt | (403) | (41) | (110) |
| Other | (7) | (1) | (13) |
| Net cash provided by (used in) financing activities | 43 | 28 | (33) |
| Net increase (decrease) in cash and cash equivalents, and restricted cash | 387 | (108) | (75) |
| Cash, cash equivalents, and restricted cash at beginning of year | 1,083 | 1,191 | 1,266 |
| Cash, cash equivalents, and restricted cash at end of year | 1,470 | 1,083 | 1,191 |
| Supplemental cash flow information: | |||
| Cash paid during the year for: | |||
| Interest | 67 | 79 | 88 |
| Income taxes, net of refund | (4) | (8) | 20 |
| Non-cash investing and financing activities: | |||
| Purchases of property and equipment, accrued but not paid | 65 | 49 | 50 |
| Issuance of common stock to partially settle convertible debt | 377 | 0 | 0 |
| Issuance of treasury stock to partially settle debt | 7 | 141 | 38 |
| Deferred proceeds on sale of receivables | 0 | 25 | 21 |
| Transfer of assets for the acquisition of property and equipment | 115 | 28 | 12 |
| Other | 9 | 0 | 0 |
| Reconciliation of cash, cash equivalents, and restricted cash | |||
| Cash and cash equivalents | 1,466 | 1,078 | 1,185 |
| Restricted cash included in Other current assets | 4 | 5 | 3 |
| Restricted cash included in Other assets | 0 | 0 | 3 |
| Total cash, cash equivalents, and restricted cash | 1,470 | 1,083 | 1,191 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ADVANCED MICRO DEVICES INC | ||
Ticker: AMD Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 28, 2019 10-K (Filed: Feb 4, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 28, 2019 | Dec 29, 2018 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,466 | 1,078 |
| Marketable securities | 37 | 78 |
| Accounts receivable, net | 1,859 | 1,235 |
| Inventories, net | 982 | 845 |
| Prepayment and receivablesrelated parties | 20 | 34 |
| Prepaid expenses and other current assets | 233 | 270 |
| Total current assets | 4,597 | 3,540 |
| Property and equipment, net | 500 | 348 |
| Operating lease right-of-use assets | 205 | 228 |
| Goodwill | 289 | 289 |
| Investment: equity method | 58 | 58 |
| Other assets | 379 | 321 |
| Total assets | 6,028 | 4,556 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Short-term debt, net | 0 | 136 |
| Accounts payable | 988 | 834 |
| Payables to related parties | 213 | 207 |
| Accrued liabilities | 1,084 | 783 |
| Other current liabilities | 74 | 24 |
| Total current liabilities | 2,359 | 1,984 |
| Long-term debt, net | 486 | 1,114 |
| Long-term operating lease liabilities | 199 | |
| Other long-term liabilities | 157 | 192 |
| Commitments and contingencies (see Notes 17 and 18) | ||
| Stockholders equity: | ||
| Common stock, par value $0.01; 2,250 shares authorized, 1,175 shares issued and 1,170 shares outstanding as of December 28, 2019; 2,250 shares authorized, 1,010 shares issued and 1,005 shares outstanding as of December 29, 2018 | 12 | 10 |
| Additional paid-in capital | 9,963 | 8,750 |
| Treasury stock, at cost (5 shares as of December 28, 2019 and December 29, 2018) | (53) | (50) |
| Accumulated deficit | (7,095) | (7,436) |
| Accumulated other comprehensive income (loss) | 0 | (8) |
| Total stockholders equity | 2,827 | 1,266 |
| Total liabilities and stockholders equity | 6,028 | 4,556 |
| External Links | |
| ADVANCED MICRO DEVICES INC (AMD) Fiscal Year 2019 | |
| 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 |