10-Q Filing

ADVANCED MICRO DEVICES INC CIK: 2488 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0000002488-17-000107`
Period End Date	20170331
Filing Date	20170508
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	amd-20170401.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 70 Income Statement 36 Cash Flow Statement 54 Comprehensive Income 14

Balance Sheet 70 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (USD per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$716.00M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	949.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.26B	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	953.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$722.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$785.00M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	$221.00M	USD	Point-in-time
Marketable securities	`MarketableSecuritiesCurrent`	-	USD	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	942.00M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	935.00M	shares	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	11.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$494.00M	USD	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$311.00M	USD	Point-in-time
Treasury stock, shares	`TreasuryStockShares`	14.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$839.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$751.00M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$63.00M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$73.00M	USD	Point-in-time
Prepayment and other receivables - related parties	`DueFromRelatedPartiesCurrent`	$32.00M	USD	Point-in-time
Prepayment and other receivables - related parties	`DueFromRelatedPartiesCurrent`	$31.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$118.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$109.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.53B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.50B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$164.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$180.00M	USD	Point-in-time
Goodwill	`Goodwill`	$289.00M	USD	Point-in-time
Goodwill	`Goodwill`	$289.00M	USD	Point-in-time
Investment: equity method	`EquityMethodInvestments`	$58.00M	USD	Point-in-time
Investment: equity method	`EquityMethodInvestments`	$59.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$279.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$274.00M	USD	Point-in-time
Total assets	`Assets`	$3.32B	USD	Point-in-time
Total assets	`Assets`	$3.30B	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$529.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$440.00M	USD	Point-in-time
Payables to related parties	`DueToRelatedPartiesCurrent`	$329.00M	USD	Point-in-time
Payables to related parties	`DueToRelatedPartiesCurrent`	$383.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$385.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$391.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$67.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$69.00M	USD	Point-in-time
Deferred income on shipments to distributors	`DeferredRevenueCurrent`	$62.00M	USD	Point-in-time
Deferred income on shipments to distributors	`DeferredRevenueCurrent`	$63.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.35B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.37B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.44B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.41B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$124.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$110.00M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.01; 1,500 shares authorized on April 1, 2017 and December 31, 2016; shares issued: 953 on April 1, 2017 and 949 shares on December 31, 2016; shares outstanding: 942 on April 1, 2017 and 935 shares on December 31, 2016	`CommonStockValue`	$9.00M	USD	Point-in-time
Common stock, par value $0.01; 1,500 shares authorized on April 1, 2017 and December 31, 2016; shares issued: 953 on April 1, 2017 and 949 shares on December 31, 2016; shares outstanding: 942 on April 1, 2017 and 935 shares on December 31, 2016	`CommonStockValue`	$9.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.38B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.33B	USD	Point-in-time
Treasury stock, at cost (11 shares on April 1, 2017 and 14 shares on December 31, 2016)	`TreasuryStockValue`	$99.00M	USD	Point-in-time
Treasury stock, at cost (11 shares on April 1, 2017 and 14 shares on December 31, 2016)	`TreasuryStockValue`	$119.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.88B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.80B	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-5.00M	USD	Point-in-time
Accumulated other comprehensive loss	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-4.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$416.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$409.00M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.30B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.32B	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$832.00M	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$984.00M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$653.00M	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$563.00M	USD	1 Quarter
Gross margin	`GrossProfit`	$331.00M	USD	1 Quarter
Gross margin	`GrossProfit`	$269.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$266.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$242.00M	USD	1 Quarter
Marketing, general and administrative	`SellingGeneralAndAdministrativeExpense`	$105.00M	USD	1 Quarter
Marketing, general and administrative	`SellingGeneralAndAdministrativeExpense`	$121.00M	USD	1 Quarter
Restructuring and other special charges, net	`RestructuringAndOtherSpecialChargesNet`	-	USD	1 Quarter
Restructuring and other special charges, net	`RestructuringAndOtherSpecialChargesNet`	$-3.00M	USD	1 Quarter
Licensing gain	`OtherOperatingIncome`	$27.00M	USD	1 Quarter
Licensing gain	`OtherOperatingIncome`	$7.00M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-29.00M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-68.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$32.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$40.00M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	$-5.00M	USD	1 Quarter
Other expense, net	`OtherNonoperatingIncomeExpense`	-	USD	1 Quarter
Loss before equity loss and income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-108.00M	USD	1 Quarter
Loss before equity loss and income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-66.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.00M	USD	1 Quarter
Equity loss in investee	`IncomeLossFromEquityMethodInvestments`	$-2.00M	USD	1 Quarter
Equity loss in investee	`IncomeLossFromEquityMethodInvestments`	-	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-109.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-73.00M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.08	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.14	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.14	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.08	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	793.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	939.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	939.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	793.00M	shares	1 Quarter

Cash Flow Statement 54 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-109.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-73.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$33.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$16.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$23.00M	USD	1 Quarter
Non-cash interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$9.00M	USD	1 Quarter
Non-cash interest expense	`AmortizationOfFinancingCostsAndDiscounts`	$4.00M	USD	1 Quarter
Loss on debt redemption	`GainsLossesOnExtinguishmentOfDebt`	-	USD	1 Quarter
Loss on debt redemption	`GainsLossesOnExtinguishmentOfDebt`	$-4.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-5.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$5.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$-26.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$183.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$88.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.00M	USD	1 Quarter
Prepayment and other receivables - related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-7.00M	USD	1 Quarter
Prepayment and other receivables - related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-1.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-22.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$30.00M	USD	1 Quarter
Payables to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-54.00M	USD	1 Quarter
Payables to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-12.00M	USD	1 Quarter
Accounts payable, accrued liabilities and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$53.00M	USD	1 Quarter
Accounts payable, accrued liabilities and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-27.00M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-42.00M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-299.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$26.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.00M	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	-	USD	1 Quarter
Purchases of available-for-sale securities	`PaymentsToAcquireAvailableForSaleSecurities`	$221.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$2.00M	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	-	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-246.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-26.00M	USD	1 Quarter
Proceeds from issuance of common stock under stock-based compensation equity plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$8.00M	USD	1 Quarter
Proceeds from issuance of common stock under stock-based compensation equity plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-1.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-1.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-69.00M	USD	1 Quarter
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-542.00M	USD	1 Quarter
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$716.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$1.26B	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$722.00M	USD	Point-in-time
Cash and cash equivalents at beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$785.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$716.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$1.26B	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$722.00M	USD	Point-in-time
Cash and cash equivalents at end of period	`CashAndCashEquivalentsAtCarryingValue`	$785.00M	USD	Point-in-time
Purchases of property, plant and equipment, accrued but not paid	`CapitalExpendituresIncurredButNotYetPaid`	$11.00M	USD	1 Quarter
Purchases of property, plant and equipment, accrued but not paid	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	1 Quarter
Issuance of common stock to partially settle long-term debt	`StockIssued1`	-	USD	1 Quarter
Issuance of common stock to partially settle long-term debt	`StockIssued1`	$38.00M	USD	1 Quarter

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-109.00M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-73.00M	USD	1 Quarter
Unrealized losses arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	-	USD	1 Quarter
Unrealized losses arising during the period	`OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax`	$-2.00M	USD	1 Quarter
Unrealized gains arising during the period	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.00M	USD	1 Quarter
Unrealized gains arising during the period	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.00M	USD	1 Quarter
Reclassification adjustment for (gains) losses realized and included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$-2.00M	USD	1 Quarter
Reclassification adjustment for (gains) losses realized and included in net loss	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$1.00M	USD	1 Quarter
Total change in unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$4.00M	USD	1 Quarter
Total change in unrealized gains (losses) on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.00M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$2.00M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.00M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-72.00M	USD	1 Quarter
Total comprehensive loss	`ComprehensiveIncomeNetOfTax`	$-107.00M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.