AMD FY 2022 Earnings Report — Advanced Micro Devices, Inc. Revenue & Financial Results | Market Cap Arena

Advanced Micro Devices, Inc.AMD

FY 2022 Earnings

Reported February 27, 2023

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$23.6B	—	$16.4B	—	43.6%
Op. Income	$1.3B	—	$3.6B	—	-65.4%
Gross Margin	44.9%	—	48.2%	—	-3.3pp
Net Margin	5.6%	—	19.2%	—	-13.6pp
EPS (Diluted)	$0.84	—	$2.57	—	-67.3%
Free Cash Flow	$3.1B	—	$3.2B	—	-3.3%

Revenue Flow

Item	Amount
REVENUE	$23.6B
Cost of Revenue	$13.0B
GROSS PROFIT	$10.6B
R&D Expenses	$5.0B
Selling & Marketing	$683M
General & Administrative	$1.7B
SG&A Expenses	$2.3B
Other Expenses	$2.0B
Operating Expenses	$9.3B
Cost & Expenses	$22.3B
OPERATING INCOME	$1.3B
Interest Income	$65M
Interest Expense	$88M
Other Income/Expenses	-$66M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	-$122M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$4.3B
EBIT	$1.3B
EBITDA	$5.5B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$23.6B
Cost of Revenue	$13.0B
GROSS PROFIT	$10.6B
R&D Expenses	$5.0B
Selling & Marketing	$683M
General & Administrative	$1.7B
SG&A Expenses	$2.3B
Other Expenses	$2.0B
Operating Expenses	$9.3B
Cost & Expenses	$22.3B
OPERATING INCOME	$1.3B
Interest Income	$65M
Interest Expense	$88M
Other Income/Expenses	-$66M
INCOME BEFORE TAX	$1.2B
Income Tax Expense	-$122M
Net Income from Continuing Ops	$1.3B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.3B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.3B
D&A	$4.3B
EBIT	$1.3B
EBITDA	$5.5B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$1.3B
Depreciation & Amortization	$4.3B
Stock-Based Compensation	$1.1B
Deferred Income Tax	-$1.5B
Other Non-Cash Items	$253M
Change in Working Capital	-$1.8B
OPERATING CASH FLOW	$3.6B
Capital Expenditure	-$450M
Acquisitions (Net)	$822M
Purchases of Investments	-$2.7B
Sales/Maturities of Investments	$4.3B
Other Investing Activities	-$16M
NET CASH FROM INVESTING	$2.0B
Net Debt Issuance	$679M
Common Stock Repurchased	-$4.1B
Common Dividends Paid	$0
Other Financing Activities	$165M
NET CASH FROM FINANCING	-$3.3B
FREE CASH FLOW	$3.1B
Net Change in Cash	$2.3B

Balance Sheet

Item	Amount
Cash & Equivalents	$4.8B
Short-Term Investments	$1.0B
Net Receivables	$4.1B
Inventory	$3.8B
Other Current Assets	$1.3B
TOTAL CURRENT ASSETS	$15.0B
PP&E (Net)	$2.0B
Goodwill	$24.2B
Intangible Assets	$24.1B
Long-Term Investments	$83M
Tax Assets	$58M
Other Non-Current Assets	$2.2B
TOTAL NON-CURRENT ASSETS	$52.6B
TOTAL ASSETS	$67.6B
Account Payables	$2.5B
Short-Term Debt	$0
Deferred Revenue	$859M
Other Current Liabilities	$178M
TOTAL CURRENT LIABILITIES	$6.4B
Long-Term Debt	$2.5B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.9B
Other Non-Current Liabilities	$1.7B
TOTAL NON-CURRENT LIABILITIES	$6.5B
TOTAL LIABILITIES	$12.8B
Common Stock	$16M
Additional Paid-In Capital	$58.0B
Retained Earnings	-$131M
Treasury Stock	-$3.1B
Accum. Other Comp. Income	-$41M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$54.8B
Minority Interest	$0
TOTAL EQUITY	$54.8B
TOTAL LIABILITIES & EQUITY	$67.6B
Total Debt	$2.9B
Net Debt	-$2.0B