10-Q Filing

ADVANCED MICRO DEVICES INC CIK: 2488 Q1 2018

Filing Information

Form Type	10-Q
Accession Number	`0000002488-18-000068`
Period End Date	20180331
Filing Date	20180503
Fiscal Year	2018
Fiscal Period	Q1
XBRL Instance	amd-20180331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 67 Income Statement 34 Cash Flow Statement 67 Comprehensive Income 14

Balance Sheet 67 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, par value (in usd per share)	`CommonStockParOrStatedValuePerShare`	$0.01	USD	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Common stock, shares authorized (in shares)	`CommonStockSharesAuthorized`	1.50B	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$722.00M	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	981.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.19B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.04B	USD	Point-in-time
Common stock, shares issued (in shares)	`CommonStockSharesIssued`	979.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$738.00M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	967.00M	shares	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	969.00M	shares	Point-in-time
Accounts receivable, net	`AccountsReceivableNetCurrent`	$454.00M	USD	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	12.00M	shares	Point-in-time
Treasury stock, shares (in shares)	`TreasuryStockShares`	12.00M	shares	Point-in-time
Inventories, net	`InventoryNet`	$694.00M	USD	Point-in-time
Inventories, net	`InventoryNet`	$715.00M	USD	Point-in-time
Prepayment and other receivables - related parties	`DueFromRelatedPartiesCurrent`	$18.00M	USD	Point-in-time
Prepayment and other receivables - related parties	`DueFromRelatedPartiesCurrent`	$33.00M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$67.00M	USD	Point-in-time
Prepaid expenses	`PrepaidExpenseCurrent`	$77.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$168.00M	USD	Point-in-time
Other current assets	`OtherAssetsCurrent`	$191.00M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.63B	USD	Point-in-time
Total current assets	`AssetsCurrent`	$2.75B	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$261.00M	USD	Point-in-time
Property, plant and equipment, net	`PropertyPlantAndEquipmentNet`	$290.00M	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`	$57.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$310.00M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$376.00M	USD	Point-in-time
Total assets	`Assets`	$3.55B	USD	Point-in-time
Total assets	`Assets`	$3.76B	USD	Point-in-time
Short-term debt, net	`DebtCurrent`	$70.00M	USD	Point-in-time
Short-term debt, net	`DebtCurrent`	$223.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$384.00M	USD	Point-in-time
Accounts payable	`AccountsPayableCurrent`	$456.00M	USD	Point-in-time
Payables to related parties	`DueToRelatedPartiesCurrent`	$374.00M	USD	Point-in-time
Payables to related parties	`DueToRelatedPartiesCurrent`	$412.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$485.00M	USD	Point-in-time
Accrued liabilities	`AccruedLiabilitiesCurrent`	$555.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$92.00M	USD	Point-in-time
Other current liabilities	`OtherLiabilitiesCurrent`	$159.00M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.70B	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$1.51B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.32B	USD	Point-in-time
Long-term debt, net	`LongTermDebtNoncurrent`	$1.17B	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$186.00M	USD	Point-in-time
Other long-term liabilities	`OtherLiabilitiesNoncurrent`	$118.00M	USD	Point-in-time
Commitments and contingencies (See Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (See Note 12)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Common stock, par value $0.01; 1,500 shares authorized on March 31, 2018 and December 30, 2017; shares issued: 981 on March 31, 2018 and 979 shares on December 30, 2017; shares outstanding: 969 on March 31, 2018 and 967 shares on December 30, 2017	`CommonStockValue`	$9.00M	USD	Point-in-time
Common stock, par value $0.01; 1,500 shares authorized on March 31, 2018 and December 30, 2017; shares issued: 981 on March 31, 2018 and 979 shares on December 30, 2017; shares outstanding: 969 on March 31, 2018 and 967 shares on December 30, 2017	`CommonStockValue`	$10.00M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.50B	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$8.46B	USD	Point-in-time
Treasury stock, at cost (12 shares on March 31, 2018 and December 30, 2017)	`TreasuryStockValue`	$108.00M	USD	Point-in-time
Treasury stock, at cost (12 shares on March 31, 2018 and December 30, 2017)	`TreasuryStockValue`	$108.00M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.69B	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-7.78B	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.00M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$6.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$596.00M	USD	Point-in-time
Total stockholders equity	`StockholdersEquity`	$715.00M	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.76B	USD	Point-in-time
Total liabilities and stockholders equity	`LiabilitiesAndStockholdersEquity`	$3.55B	USD	Point-in-time

Income Statement 34 line items

Line Item	Tag	Value	Unit	Period
Net revenue	`SalesRevenueNet`	$1.18B	USD	1 Quarter
Net revenue	`SalesRevenueNet`	$1.65B	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$1.05B	USD	1 Quarter
Cost of sales	`CostOfGoodsSold`	$800.00M	USD	1 Quarter
Gross margin	`GrossProfit`	$597.00M	USD	1 Quarter
Gross margin	`GrossProfit`	$378.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$271.00M	USD	1 Quarter
Research and development	`ResearchAndDevelopmentExpense`	$343.00M	USD	1 Quarter
Marketing, general and administrative	`SellingGeneralAndAdministrativeExpense`	$134.00M	USD	1 Quarter
Marketing, general and administrative	`SellingGeneralAndAdministrativeExpense`	$123.00M	USD	1 Quarter
Licensing gain	`OtherOperatingIncome`	$27.00M	USD	1 Quarter
Licensing gain	`OtherOperatingIncome`	-	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$120.00M	USD	1 Quarter
Operating income	`OperatingIncomeLoss`	$11.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$31.00M	USD	1 Quarter
Interest expense	`InterestExpense`	$32.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$-5.00M	USD	1 Quarter
Other income (expense), net	`OtherNonoperatingIncomeExpense`	$1.00M	USD	1 Quarter
Income (loss) before equity loss and income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$90.00M	USD	1 Quarter
Income (loss) before equity loss and income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$-26.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$8.00M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$5.00M	USD	1 Quarter
Equity loss in investee	`IncomeLossFromEquityMethodInvestments`	$-1.00M	USD	1 Quarter
Equity loss in investee	`IncomeLossFromEquityMethodInvestments`	$-2.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$81.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-33.00M	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$0.08	USD	1 Quarter
Basic (in usd per share)	`EarningsPerShareBasic`	$-0.04	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$0.08	USD	1 Quarter
Diluted (in usd per share)	`EarningsPerShareDiluted`	$-0.04	USD	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	939.00M	shares	1 Quarter
Basic (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	968.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	939.00M	shares	1 Quarter
Diluted (in shares)	`WeightedAverageNumberOfDilutedSharesOutstanding`	1.04B	shares	1 Quarter

Cash Flow Statement 67 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$81.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-33.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$44.00M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$34.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$23.00M	USD	1 Quarter
Stock-based compensation expense	`ShareBasedCompensation`	$32.00M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$9.00M	USD	1 Quarter
Amortization of debt discount and issuance costs	`AmortizationOfFinancingCostsAndDiscounts`	$10.00M	USD	1 Quarter
Loss on debt redemption	`GainsLossesOnExtinguishmentOfDebt`	$-1.00M	USD	1 Quarter
Loss on debt redemption	`GainsLossesOnExtinguishmentOfDebt`	$-4.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-5.00M	USD	1 Quarter
Other	`OtherNoncashIncomeExpense`	$-1.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$395.00M	USD	1 Quarter
Accounts receivable	`IncreaseDecreaseInAccountsReceivable`	$284.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-76.00M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$21.00M	USD	1 Quarter
Prepayment and other receivables - related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-1.00M	USD	1 Quarter
Prepayment and other receivables - related parties	`IncreaseDecreaseInDueFromRelatedPartiesCurrent`	$-15.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-34.00M	USD	1 Quarter
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$29.00M	USD	1 Quarter
Payables to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-38.00M	USD	1 Quarter
Payables to related parties	`IncreaseDecreaseInDueToRelatedPartiesCurrent`	$-54.00M	USD	1 Quarter
Accounts payable, accrued liabilities and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$60.00M	USD	1 Quarter
Accounts payable, accrued liabilities and other	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$39.00M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-86.00M	USD	1 Quarter
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-299.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$23.00M	USD	1 Quarter
Purchases of property, plant and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$46.00M	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`	-	USD	1 Quarter
Other	`PaymentsForProceedsFromOtherInvestingActivities`	$2.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-46.00M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-246.00M	USD	1 Quarter
Proceeds from issuance of common stock under stock-based compensation equity plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$6.00M	USD	1 Quarter
Proceeds from issuance of common stock under stock-based compensation equity plans	`ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions`	$8.00M	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	-	USD	1 Quarter
Repayments of long-term debt	`RepaymentsOfLongTermDebt`	$14.00M	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	-	USD	1 Quarter
Other	`ProceedsFromPaymentsForOtherFinancingActivities`	$-5.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$3.00M	USD	1 Quarter
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-8.00M	USD	1 Quarter
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-140.00M	USD	1 Quarter
Net decrease in cash, cash equivalents, and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-542.00M	USD	1 Quarter
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$724.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.27B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.05B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$724.00M	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.27B	USD	Point-in-time
Cash, cash equivalents, and restricted cash at end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.05B	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`	$47.00M	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$722.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.19B	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$1.04B	USD	Point-in-time
Restricted cash included in Other current assets	`RestrictedCashCurrent`	$2.00M	USD	Point-in-time
Restricted cash included in Other current assets	`RestrictedCashCurrent`	$3.00M	USD	Point-in-time
Restricted cash included in Other assets	`RestrictedCashNoncurrent`	-	USD	Point-in-time
Restricted cash included in Other assets	`RestrictedCashNoncurrent`	$3.00M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.19B	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$724.00M	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.27B	USD	Point-in-time
Total cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$1.05B	USD	Point-in-time

Comprehensive Income 14 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`NetIncomeLoss`	$81.00M	USD	1 Quarter
Net income (loss)	`NetIncomeLoss`	$-33.00M	USD	1 Quarter
Unrealized gains arising during the period	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$2.00M	USD	1 Quarter
Unrealized gains arising during the period	`OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax`	$1.00M	USD	1 Quarter
Reclassification adjustment for (gains) losses realized and included in net income (loss)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$4.00M	USD	1 Quarter
Reclassification adjustment for (gains) losses realized and included in net income (loss)	`OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax`	$1.00M	USD	1 Quarter
Total change in unrealized gains on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$1.00M	USD	1 Quarter
Total change in unrealized gains on cash flow hedges	`OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax`	$-3.00M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$-3.00M	USD	1 Quarter
Total other comprehensive income	`OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent`	$1.00M	USD	1 Quarter
Cumulative-effect adjustment to accumulated deficit related to the adoption of ASU 2016-01	`CumulativeEffectOnRetainedEarningsNetOfTax1`	-	USD	1 Quarter
Cumulative-effect adjustment to accumulated deficit related to the adoption of ASU 2016-01	`CumulativeEffectOnRetainedEarningsNetOfTax1`	$2.00M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$-32.00M	USD	1 Quarter
Total comprehensive income (loss)	`ComprehensiveIncomeNetOfTax`	$80.00M	USD	1 Quarter

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