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: 2022 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 27, 2023) | |||
| (In Millions) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | |
| Net revenue | $ 23,601 | 16,434 | 9,763 |
| Cost of sales | 11,550 | 8,505 | 5,416 |
| Amortization of acquisition-related intangibles | 1,448 | 0 | 0 |
| Total cost of sales | 12,998 | 8,505 | 5,416 |
| Gross profit | 10,603 | 7,929 | 4,347 |
| Research and development | 5,005 | 2,845 | 1,983 |
| Marketing, general and administrative | 2,336 | 1,448 | 995 |
| Amortization of acquisition-related intangibles | 2,100 | 0 | 0 |
| Licensing gain | (102) | (12) | 0 |
| Operating income | 1,264 | 3,648 | 1,369 |
| Interest expense | (88) | (34) | (47) |
| Other income (expense), net | 8 | 55 | (47) |
| Income before income taxes and equity income | 1,184 | 3,669 | 1,275 |
| Income tax provision (benefit) | (122) | 513 | (1,210) |
| Equity income in investee | 14 | 6 | 5 |
| Net income | 1,320 | 3,162 | 2,490 |
| Earnings per share | |||
| Basic (in usd per share) | 0.85 | 2.61 | 2.10 |
| Diluted (in usd per share) | 0.84 | 2.57 | 2.06 |
| Shares used in per share calculation | |||
| Basic (in shares) | 1,561 | 1,213 | 1,184 |
| Diluted (in shares) | 1,571 | 1,229 | 1,207 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ADVANCED MICRO DEVICES INC | |||
Ticker: AMD Fiscal Year: 2022 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 27, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | |
| Other Comprehensive Income (Loss), Net of Tax [Abstract] | |||
| Net income | $ 1,320 | 3,162 | 2,490 |
| Net change in unrealized gains (losses) on cash flow hedges | (38) | (20) | 17 |
| Total comprehensive income | 1,282 | 3,142 | 2,507 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
ADVANCED MICRO DEVICES INC | |||
Ticker: AMD Fiscal Year: 2022 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 27, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 25, 2021 | Dec 26, 2020 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,320 | 3,162 | 2,490 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 4,174 | 407 | 312 |
| Stock-based compensation | 1,081 | 379 | 274 |
| Amortization of debt discount and issuance costs | 0 | 5 | 14 |
| Amortization of operating lease right-of-use assets | 88 | 56 | 42 |
| Loss on debt redemption, repurchase and conversion | 0 | 7 | 54 |
| Loss on sale or disposal of property and equipment | 16 | 34 | 33 |
| Deferred income taxes | (1,505) | 308 | (1,223) |
| Increase (Decrease) in Equity Securities, FV-NI | (62) | 56 | 2 |
| Other | (14) | (7) | 8 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable, net | (1,091) | (640) | (219) |
| Inventories | (1,401) | (556) | (417) |
| Receivables from related parties | (13) | 8 | 10 |
| Prepaid expenses and other assets | (1,197) | (920) | (231) |
| Payables to related parties | 379 | 7 | (135) |
| Accounts payable | 931 | 801 | (513) |
| Accrued liabilities and other | 546 | 526 | 574 |
| Net cash provided by operating activities | 3,565 | 3,521 | 1,071 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (450) | (301) | (294) |
| Purchases of short-term investments | (2,667) | (2,056) | (850) |
| Proceeds from maturity of short-term investments | 4,310 | 1,678 | 192 |
| Other | (16) | (7) | 0 |
| Net cash provided by (used in) investing activities | 1,999 | (686) | (952) |
| Cash flows from financing activities: | |||
| Proceeds from debt, net of issuance costs | 991 | 0 | 200 |
| Repayment of debt | (312) | 0 | (200) |
| Proceeds from sales of common stock through employee equity plans | 167 | 104 | 85 |
| Repurchases of common stock | (3,702) | (1,762) | 0 |
| Common stock repurchases for tax withholding on employee equity plans | (406) | (237) | (78) |
| Other | 2 | 0 | (1) |
| Net cash (used in) provided by financing activities | (3,264) | (1,895) | 6 |
| Net increase in cash and cash equivalents | 2,300 | 940 | 125 |
| Cash and cash equivalents at beginning of year | 2,535 | 1,595 | |
| Cash and cash equivalents at end of year | 4,835 | 2,535 | 1,595 |
| Supplemental cash flow information: | |||
| Cash paid during the year for: | |||
| Interest | 85 | 25 | 31 |
| Income taxes, net of refund | 685 | 35 | 8 |
| Non-cash investing and financing activities: | |||
| Purchases of property and equipment, accrued but not paid | 157 | 72 | 31 |
| Issuance of common stock to settle convertible debt | 0 | 25 | 217 |
| Transfer of assets for the acquisition of property and equipment | 13 | 37 | 111 |
| Non-cash activities for leases: | |||
| Right-of-Use Asset Obtained in Exchange for Operating Lease Liability | 115 | 227 | 45 |
| Reconciliation of cash, cash equivalents, and restricted cash | |||
| Cash and cash equivalents | 4,835 | 2,535 | |
| Total cash, cash equivalents, and restricted cash | 4,835 | 2,535 | 1,595 |
| Depreciation and amortization | 4,174 | 407 | 312 |
| Business Acquisition | |||
| common and treasury stock issued | |||
| Other Significant Noncash Transaction, Consideration Given | 48,514 | ||
| Amortization of Inventory FV adjustment | |||
| Depreciation and amortization | 189 | 0 | 0 |
| Xilinx, Inc. | |||
| Cash Acquired from Acquisition | 2,366 | 0 | 0 |
| Pensando | |||
| Payments to Acquire Businesses, Net of Cash Acquired | (1,544) | 0 | 0 |
| pre-combination unvested restricted stock units assumed | |||
| Other Significant Noncash Transaction, Consideration Given | 275 | ||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
ADVANCED MICRO DEVICES INC | ||
Ticker: AMD Fiscal Year: 2022 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 27, 2023) | ||
| (In Millions) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 25, 2021 | |
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $ 4,835 | 2,535 |
| Short-term investments | 1,020 | 1,073 |
| Accounts receivable, net | 4,126 | 2,706 |
| Inventories | 3,771 | 1,955 |
| Receivables from related parties | 2 | 2 |
| Prepaid expenses and other current assets | 1,265 | 312 |
| Total current assets | 15,019 | 8,583 |
| Property and equipment, net | 1,513 | 702 |
| Operating lease right-of-use assets | 460 | 367 |
| Goodwill | 24,177 | 289 |
| Acquisition-related intangibles | 24,118 | 0 |
| Investment: equity method | 83 | 69 |
| Deferred tax assets | 58 | 931 |
| Other non-current assets | 2,152 | 1,478 |
| Total assets | 67,580 | 12,419 |
| LIABILITIES AND STOCKHOLDERS EQUITY | ||
| Current liabilities: | ||
| Accounts payable | 2,493 | 1,321 |
| Payables to related parties | 463 | 85 |
| Accrued liabilities | 3,077 | 2,424 |
| Current portion of long-term debt, net | 0 | 312 |
| Other current liabilities | 336 | 98 |
| Total current liabilities | 6,369 | 4,240 |
| Long-term debt, net of current portion | 2,467 | 1 |
| Long-term operating lease liabilities | 396 | 348 |
| Deferred tax liabilities | 1,934 | 12 |
| Other long-term liabilities | 1,664 | 321 |
| Commitments and Contingencies (see Notes 16 and 17) | ||
| Stockholders equity: | ||
| Common Stock, Value, Issued | 16 | 12 |
| Additional paid-in capital | 58,005 | 11,069 |
| Treasury stock (shares) | 33 | 25 |
| Treasury Stock, Value | (3,099) | (2,130) |
| Accumulated deficit | (131) | (1,451) |
| Accumulated other comprehensive loss | (41) | (3) |
| Total stockholders equity | 54,750 | 7,497 |
| Total liabilities and stockholders equity | 67,580 | 12,419 |
| External Links | |
| ADVANCED MICRO DEVICES INC (AMD) Fiscal Year 2022 | |
| 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 |