AMD FY 2021 Earnings Report — Advanced Micro Devices, Inc. Revenue & Financial Results | Market Cap Arena

Advanced Micro Devices, Inc.AMD

FY 2021 Earnings

Reported February 3, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$16.4B	—	$9.8B	—	68.3%
Op. Income	$3.6B	—	$1.4B	—	166.5%
Gross Margin	48.2%	—	44.5%	—	3.7pp
Net Margin	19.2%	—	25.5%	—	-6.3pp
EPS (Diluted)	$2.57	—	$2.06	—	24.8%
Free Cash Flow	$3.2B	—	$777M	—	314.4%

Revenue Flow

Item	Amount
REVENUE	$16.4B
Cost of Revenue	$8.5B
GROSS PROFIT	$7.9B
R&D Expenses	$2.8B
Selling & Marketing	$578M
General & Administrative	$870M
SG&A Expenses	$1.4B
Other Expenses	-$12M
Operating Expenses	$4.3B
Cost & Expenses	$12.8B
OPERATING INCOME	$3.6B
Interest Income	$8M
Interest Expense	$34M
Other Income/Expenses	$27M
INCOME BEFORE TAX	$3.7B
Income Tax Expense	$513M
NET INCOME	$3.2B
D&A	$463M
EBIT	$3.7B
EBITDA	$4.2B
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$16.4B
Cost of Revenue	$8.5B
GROSS PROFIT	$7.9B
R&D Expenses	$2.8B
Selling & Marketing	$578M
General & Administrative	$870M
SG&A Expenses	$1.4B
Other Expenses	-$12M
Operating Expenses	$4.3B
Cost & Expenses	$12.8B
OPERATING INCOME	$3.6B
Interest Income	$8M
Interest Expense	$34M
Other Income/Expenses	$27M
INCOME BEFORE TAX	$3.7B
Income Tax Expense	$513M
NET INCOME	$3.2B
D&A	$463M
EBIT	$3.7B
EBITDA	$4.2B
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$3.2B
Depreciation & Amortization	$463M
Stock-Based Compensation	$379M
Deferred Income Tax	$308M
Other Non-Cash Items	-$17M
Change in Working Capital	-$774M
OPERATING CASH FLOW	$3.5B
Capital Expenditure	-$301M
Acquisitions (Net)	$0
Purchases of Investments	-$2.1B
Sales/Maturities of Investments	$1.7B
Other Investing Activities	-$7M
NET CASH FROM INVESTING	-$686M
Net Debt Issuance	$0
Common Stock Repurchased	-$2.0B
Common Dividends Paid	$0
Other Financing Activities	$104M
NET CASH FROM FINANCING	-$1.9B
FREE CASH FLOW	$3.2B
Net Change in Cash	$940M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.5B
Short-Term Investments	$1.1B
Net Receivables	$2.7B
Inventory	$2.0B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$8.6B
PP&E (Net)	$1.1B
Goodwill	$289M
Intangible Assets	$323M
Long-Term Investments	$69M
Tax Assets	$931M
Other Non-Current Assets	$1.2B
TOTAL NON-CURRENT ASSETS	$3.8B
TOTAL ASSETS	$12.4B
Account Payables	$1.3B
Short-Term Debt	$312M
Deferred Revenue	$314M
Other Current Liabilities	$489M
TOTAL CURRENT LIABILITIES	$4.2B
Long-Term Debt	$1M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$12M
Other Non-Current Liabilities	$321M
TOTAL NON-CURRENT LIABILITIES	$682M
TOTAL LIABILITIES	$4.9B
Common Stock	$12M
Additional Paid-In Capital	$11.1B
Retained Earnings	-$1.5B
Treasury Stock	-$2.1B
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$7.5B
Minority Interest	$0
TOTAL EQUITY	$7.5B
TOTAL LIABILITIES & EQUITY	$12.4B
Total Debt	$661M
Net Debt	-$1.9B