AMD FY 2023 Earnings Report — Advanced Micro Devices, Inc. Revenue & Financial Results | Market Cap Arena

Advanced Micro Devices, Inc.AMD

FY 2023 Earnings

Reported January 31, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$22.7B	—	$23.6B	—	-3.9%
Op. Income	$401M	—	$1.3B	—	-68.3%
Gross Margin	46.1%	—	44.9%	—	1.2pp
Net Margin	3.8%	—	5.6%	—	-1.8pp
EPS (Diluted)	$0.53	—	$0.84	—	-36.9%
Free Cash Flow	$1.1B	—	$3.1B	—	-64.0%

Revenue Flow

Item	Amount
REVENUE	$22.7B
Cost of Revenue	$12.2B
GROSS PROFIT	$10.5B
R&D Expenses	$5.9B
Selling & Marketing	$695M
General & Administrative	$1.7B
SG&A Expenses	$2.4B
Other Expenses	$1.8B
Operating Expenses	$10.1B
Cost & Expenses	$22.3B
OPERATING INCOME	$401M
Interest Income	$206M
Interest Expense	$106M
Other Income/Expenses	$107M
INCOME BEFORE TAX	$508M
Income Tax Expense	-$346M
Net Income from Continuing Ops	$854M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$854M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$854M
D&A	$3.6B
EBIT	$598M
EBITDA	$4.1B
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$22.7B
Cost of Revenue	$12.2B
GROSS PROFIT	$10.5B
R&D Expenses	$5.9B
Selling & Marketing	$695M
General & Administrative	$1.7B
SG&A Expenses	$2.4B
Other Expenses	$1.8B
Operating Expenses	$10.1B
Cost & Expenses	$22.3B
OPERATING INCOME	$401M
Interest Income	$206M
Interest Expense	$106M
Other Income/Expenses	$107M
INCOME BEFORE TAX	$508M
Income Tax Expense	-$346M
Net Income from Continuing Ops	$854M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$854M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$854M
D&A	$3.6B
EBIT	$598M
EBITDA	$4.1B
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$854M
Depreciation & Amortization	$3.6B
Stock-Based Compensation	$1.4B
Deferred Income Tax	-$1.0B
Other Non-Cash Items	-$54M
Change in Working Capital	-$3.0B
OPERATING CASH FLOW	$1.7B
Capital Expenditure	-$546M
Acquisitions (Net)	-$131M
Purchases of Investments	-$3.7B
Sales/Maturities of Investments	$3.0B
Other Investing Activities	-$11M
NET CASH FROM INVESTING	-$1.4B
Net Debt Issuance	$0
Common Stock Repurchased	-$1.4B
Common Dividends Paid	$0
Other Financing Activities	$266M
NET CASH FROM FINANCING	-$1.1B
FREE CASH FLOW	$1.1B
Net Change in Cash	-$902M

Balance Sheet

Item	Amount
Cash & Equivalents	$3.9B
Short-Term Investments	$1.8B
Net Receivables	$5.4B
Inventory	$4.4B
Other Current Assets	$1.3B
TOTAL CURRENT ASSETS	$16.8B
PP&E (Net)	$2.2B
Goodwill	$24.3B
Intangible Assets	$21.4B
Long-Term Investments	$99M
Tax Assets	$366M
Other Non-Current Assets	$2.8B
TOTAL NON-CURRENT ASSETS	$51.1B
TOTAL ASSETS	$67.9B
Account Payables	$2.1B
Short-Term Debt	$751M
Deferred Revenue	$544M
Other Current Liabilities	$778M
TOTAL CURRENT LIABILITIES	$6.7B
Long-Term Debt	$1.7B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$1.2B
Other Non-Current Liabilities	$1.9B
TOTAL NON-CURRENT LIABILITIES	$5.3B
TOTAL LIABILITIES	$12.0B
Common Stock	$17M
Additional Paid-In Capital	$59.7B
Retained Earnings	$723M
Treasury Stock	-$4.5B
Accum. Other Comp. Income	-$10M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$55.9B
Minority Interest	$0
TOTAL EQUITY	$55.9B
TOTAL LIABILITIES & EQUITY	$67.9B
Total Debt	$3.0B
Net Debt	-$930M