Cash flow AMD (Advanced Micro Devices)

Equities

AMD

US0079031078

Semiconductors

Market Closed - Nasdaq Other stock markets 04:00:00 2024-09-05 pm EDT			After market 07:57:49 pm
139.44 ^USD	-1.02%		138.64	-0.57%

Sep. 05	Senate panel to question US semiconductor firms on Russian weapons	RE
Sep. 04	Nvidia, chip stocks waver after previous day's sell-off	RE

55995658660cd0a6f1a6d9.VXJdooE5q_JVamuDYk1rR-1RU2dVbUr4UQ8Rghc3mZY.PQVolvhY05tkCCTpMAFaEJhnJDNmACmnCUNh5l148uQcEz-Q62zapyEZIg

Published financial data: AMD (ADVANCED MICRO DEVICES)

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	6.73B	9.76B	16.43B	23.6B	22.68B
Total Revenues	6.73B	9.76B	16.43B	23.6B	22.68B
Cost of Goods Sold, Total	3.86B	5.42B	8.5B	11.55B	11.28B
Gross Profit	2.87B	4.35B	7.93B	12.05B	11.4B
Selling General & Admin Expenses, Total	750M	995M	1.45B	2.34B	2.35B
R&D Expenses	1.55B	1.98B	2.84B	5B	5.87B
Amortization of Goodwill and Intangible Assets - (IS)	-	-	-	3.55B	2.81B
Other Operating Expenses	-60M	-	-12M	-102M	-34M
Other Operating Expenses, Total	2.24B	2.98B	4.28B	10.79B	11B
Operating Income	631M	1.37B	3.65B	1.26B	401M
Interest Expense, Total	-94M	-47M	-34M	-88M	-106M
Interest And Investment Income	15M	8M	8M	65M	206M
Net Interest Expenses	-79M	-39M	-26M	-23M	100M
Income (Loss) On Equity Invest.	-	5M	6M	14M	16M
Currency Exchange Gains (Loss)	-1M	-	-	-	-
Other Non Operating Income (Expenses)	-3M	-1M	-2M	5M	-8M
EBT, Excl. Unusual Items	548M	1.33B	3.63B	1.26B	509M
Restructuring Charges	-	-	-	-	-
Impairment of Goodwill	-	-	-	-	-
Gain (Loss) On Sale Of Investments	-	-	56M	-62M	-1M
Asset Writedown	-	-	-	-	-
Other Unusual Items	-176M	-54M	-7M	-	-
EBT, Incl. Unusual Items	372M	1.28B	3.68B	1.2B	508M
Income Tax Expense	31M	-1.21B	513M	-122M	-346M
Earnings From Continuing Operations	341M	2.49B	3.16B	1.32B	854M
Net Income to Company	341M	2.49B	3.16B	1.32B	854M
Net Income - (IS)	341M	2.49B	3.16B	1.32B	854M
Net Income to Common Incl Extra Items	341M	2.49B	3.16B	1.32B	854M
Net Income to Common Excl. Extra Items	341M	2.49B	3.16B	1.32B	854M
Per Share Items
Net EPS - Basic	0.31	2.1	2.61	0.85	0.53
Basic EPS - Continuing Operations	0.31	2.1	2.61	0.85	0.53
Basic Weighted Average Shares Outstanding	1.09B	1.18B	1.21B	1.56B	1.61B
Net EPS - Diluted	0.3	2.06	2.57	0.84	0.53
Diluted EPS - Continuing Operations	0.3	2.06	2.57	0.84	0.53
Diluted Weighted Average Shares Outstanding	1.12B	1.21B	1.23B	1.57B	1.62B
Normalized Basic EPS	0.31	0.7	1.87	0.5	0.2
Normalized Diluted EPS	0.31	0.69	1.84	0.5	0.2
American Depositary Receipts Ratio (ADR)	1	1	1	1	1
Supplemental Items
EBITDA	853M	1.68B	4.06B	4.7B	3.85B
EBITA	631M	1.37B	3.65B	4.07B	3.2B
EBIT	631M	1.37B	3.65B	1.26B	401M
EBITDAR	934M	1.77B	4.15B	4.86B	4.03B
Effective Tax Rate - (Ratio)	8.33	-94.53	13.96	-10.18	-68.11
Current Domestic Taxes	-12M	5M	123M	1.22B	523M
Current Foreign Taxes	50M	8M	82M	161M	150M
Total Current Taxes	38M	13M	205M	1.38B	673M
Deferred Domestic Taxes	-	-1.22B	313M	-1.39B	-889M
Deferred Foreign Taxes	-7M	-2M	-5M	-114M	-130M
Total Deferred Taxes	-7M	-1.22B	308M	-1.5B	-1.02B
Normalized Net Income	342M	834M	2.27B	788M	318M
Interest on Long-Term Debt	38M	10M	-	-	-
Supplemental Operating Expense Items
Marketing Expenses	217M	314M	578M	683M	695M
Selling and Marketing Expenses	217M	314M	578M	683M	695M
Research And Development Expense From Footnotes	1.55B	1.98B	2.84B	5B	5.87B
Net Rental Expense, Total	81M	86M	97M	158M	173M
Imputed Operating Lease Interest Expense	61.59M	51.45M	41.78M	61.5M	49.13M
Imputed Operating Lease Depreciation	19.41M	34.55M	55.22M	96.5M	124M
Stock-Based Comp., COGS (Total)	6M	6M	5M	29M	30M
Stock-Based Comp., R&D Exp. (Total)	129M	173M	246M	697M	1B
Stock-Based Comp., SG&A Exp. (Total)	62M	95M	128M	355M	352M
Total Stock-Based Compensation	197M	274M	379M	1.08B	1.38B

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.47B	1.6B	2.54B	4.84B	3.93B
Short Term Investments	37M	695M	1.07B	1.02B	1.84B
Total Cash And Short Term Investments	1.5B	2.29B	3.61B	5.86B	5.77B
Accounts Receivable, Total	1.86B	2.07B	2.71B	4.13B	5.38B
Other Receivables	7M	10M	2M	2M	9M
Total Receivables	1.87B	2.08B	2.71B	4.13B	5.38B
Inventory	982M	1.4B	1.96B	3.77B	4.35B
Prepaid Expenses	236M	378M	312M	1.26B	1.26B
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	4M	-	-	-	-
Other Current Assets, Total	6M	-	-	-	-
Total Current Assets	4.6B	6.14B	8.58B	15.02B	16.77B
Gross Property Plant And Equipment	1.47B	1.76B	2.2B	3.48B	4.01B
Accumulated Depreciation	-768M	-912M	-1.13B	-1.51B	-1.79B
Net Property Plant And Equipment	705M	849M	1.07B	1.97B	2.22B
Long-term Investments	58M	63M	69M	83M	100M
Goodwill	289M	289M	289M	24.18B	24.26B
Other Intangibles, Total	210M	229M	328M	24.48B	21.36B
Deferred Tax Assets Long-Term	22M	1.24B	931M	58M	366M
Other Long-Term Assets, Total	147M	144M	1.15B	1.79B	2.8B
Total Assets	6.03B	8.96B	12.42B	67.58B	67.88B
Liabilities
Accounts Payable, Total	1.2B	546M	1.41B	2.96B	2.42B
Accrued Expenses, Total	1.08B	1.8B	2.42B	3.08B	3.08B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	312M	-	751M
Current Portion of Leases	43M	41M	71M	93M	106M
Unearned Revenue Current, Total	2M	-	-	-	-
Other Current Liabilities	29M	34M	27M	243M	332M
Total Current Liabilities	2.36B	2.42B	4.24B	6.37B	6.69B
Long-Term Debt	486M	330M	1M	2.47B	1.72B
Long-Term Leases	199M	201M	348M	396M	535M
Unearned Revenue Non Current	-	-	-	-	-
Deferred Tax Liability Non Current	11M	11M	12M	1.93B	1.2B
Other Non Current Liabilities	146M	166M	321M	1.66B	1.85B
Total Liabilities	3.2B	3.12B	4.92B	12.83B	11.99B
Common Stock, Total	12M	12M	12M	16M	17M
Additional Paid In Capital	9.96B	10.54B	11.07B	58B	59.68B
Retained Earnings	-7.1B	-4.6B	-1.45B	-131M	723M
Treasury Stock	-53M	-131M	-2.13B	-3.1B	-4.51B
Comprehensive Income and Other	-	17M	-3M	-41M	-10M
Total Common Equity	2.83B	5.84B	7.5B	54.75B	55.89B
Total Equity	2.83B	5.84B	7.5B	54.75B	55.89B
Total Liabilities And Equity	6.03B	8.96B	12.42B	67.58B	67.88B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1.17B	1.21B	1.2B	1.61B	1.62B
ECS Total Common Shares Outstanding	1.17B	1.21B	1.21B	1.61B	1.62B
Book Value / Share	2.42	4.82	6.21	33.96	34.59
Tangible Book Value	2.33B	5.32B	6.88B	6.09B	10.27B
Tangible Book Value Per Share	1.99	4.39	5.7	3.78	6.35
Total Debt	728M	572M	732M	2.96B	3.11B
Net Debt	-775M	-1.72B	-2.88B	-2.9B	-2.66B
Debt Equivalent Oper. Leases	648M	688M	776M	1.26B	1.38B
Equity Method Investments, Total	58M	63M	69M	83M	99M
Account Code - Inventory Valuation	5	3	3	3	3
Inventories - Raw Materials, Total	94M	93M	82M	231M	279M
Inventories - Work In Process, Total	691M	1.14B	1.68B	2.65B	3.26B
Inventories - Finished Goods, Total	197M	167M	197M	892M	812M
Land - (BS)	-	-	-	120M	-
Buildings, Total	-	-	-	594M	821M
Machinery, Total	951M	1.21B	1.53B	2.16B	2.35B
Full Time Employees	11.4K	12.6K	15.5K	25K	26K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	341M	2.49B	3.16B	1.32B	854M
Depreciation & Amortization - CF	258M	354M	463M	714M	751M
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	2.81B	2.8B
Depreciation & Amortization, Total	258M	354M	463M	3.52B	3.55B
Amortization of Deferred Charges, Total - (CF)	30M	14M	5M	738M	-
(Gain) Loss From Sale Of Asset	42M	33M	34M	16M	11M
(Gain) Loss on Sale of Investments - (CF)	-	-	-56M	-	-
Asset Writedown & Restructuring Costs	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-	-	-	62M	-1M
Stock-Based Compensation (CF)	197M	274M	379M	1.08B	1.38B
Other Operating Activities, Total	167M	-1.16B	308M	-1.33B	-1.08B
Change In Accounts Receivable	-623M	-219M	-640M	-1.09B	-1.25B
Change In Inventories	-137M	-417M	-556M	-1.4B	-580M
Change In Accounts Payable	373M	-513M	801M	931M	-419M
Change in Other Net Operating Assets	-155M	218M	-379M	-285M	-800M
Cash from Operations	493M	1.07B	3.52B	3.56B	1.67B
Capital Expenditure	-217M	-294M	-301M	-450M	-546M
Sale of Property, Plant, and Equipment	-	-	-	-	-
Cash Acquisitions	-	-	-	822M	-131M
Investment in Marketable and Equity Securities, Total	41M	-658M	-378M	1.64B	-735M
Other Investing Activities, Total	27M	-	-7M	-16M	-11M
Cash from Investing	-149M	-952M	-686M	2B	-1.42B
Short Term Debt Issued, Total	-	200M	-	-	-
Long-Term Debt Issued, Total	-	-	-	991M	-
Total Debt Issued	-	200M	-	991M	-
Short Term Debt Repaid, Total	-70M	-	-	-	-
Long-Term Debt Repaid, Total	-403M	-200M	-	-312M	-
Total Debt Repaid	-473M	-200M	-	-312M	-
Issuance of Common Stock	523M	85M	104M	167M	268M
Repurchase of Common Stock	-	-78M	-2B	-4.11B	-1.41B
Other Financing Activities, Total	-7M	-1M	-	-2M	-2M
Cash from Financing	43M	6M	-1.9B	-3.26B	-1.15B
Net Change in Cash	387M	125M	940M	2.3B	-902M
Supplemental Items
Cash Interest Paid	67M	31M	25M	85M	84M
Cash Income Tax Paid (Refund)	-4M	8M	35M	685M	523M
Levered Free Cash Flow	362M	432M	3.12B	3.79B	2.21B
Unlevered Free Cash Flow	390M	448M	3.14B	3.84B	2.27B
Change In Net Working Capital	242M	742M	-318M	1.84B	2.37B
Net Debt Issued / Repaid	-473M	0	-	679M	-

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	7.45	11.42	21.33	1.98	0.37
Return on Total Capital	12.99	17.25	31.24	2.4	0.43
Return On Equity %	16.66	57.48	47.43	4.24	1.54
Return on Common Equity	16.66	57.48	47.43	4.24	1.54
Margin Analysis
Gross Profit Margin %	42.61	44.53	48.25	51.06	50.27
SG&A Margin	11.14	10.19	8.81	9.9	10.37
EBITDA Margin %	12.67	17.22	24.67	19.91	16.99
EBITA Margin %	9.37	14.02	22.2	17.26	14.11
EBIT Margin %	9.37	14.02	22.2	5.36	1.77
Income From Continuing Operations Margin %	5.07	25.5	19.24	5.59	3.77
Net Income Margin %	5.07	25.5	19.24	5.59	3.77
Net Avail. For Common Margin %	5.07	25.5	19.24	5.59	3.77
Normalized Net Income Margin	5.09	8.54	13.79	3.34	1.4
Levered Free Cash Flow Margin	5.37	4.43	19	16.05	9.72
Unlevered Free Cash Flow Margin	5.8	4.58	19.1	16.28	10.02
Asset Turnover
Asset Turnover	1.27	1.3	1.54	0.59	0.33
Fixed Assets Turnover	12.78	12.56	17.14	15.52	10.81
Receivables Turnover (Average Receivables)	4.35	4.97	6.89	6.91	4.77
Inventory Turnover (Average Inventory)	4.23	4.55	5.07	4.03	2.78
Short Term Liquidity
Current Ratio	1.95	2.54	2.02	2.36	2.51
Quick Ratio	1.43	1.81	1.49	1.57	1.67
Operating Cash Flow to Current Liabilities	0.21	0.44	0.83	0.56	0.25
Days Sales Outstanding (Average Receivables)	83.66	73.17	52.85	53.7	76.25
Days Outstanding Inventory (Average Inventory)	86.08	80.01	71.77	91.96	131.07
Average Days Payable Outstanding	102.01	54.51	39.21	60.54	82.48
Cash Conversion Cycle (Average Days)	67.72	98.67	85.41	85.12	124.84
Long Term Solvency
Total Debt/Equity	25.75	9.8	9.76	5.4	5.56
Total Debt / Total Capital	20.48	8.92	8.9	5.12	5.27
LT Debt/Equity	24.23	9.1	4.66	5.23	4.03
Long-Term Debt / Total Capital	19.27	8.29	4.24	4.96	3.82
Total Liabilities / Total Assets	53.1	34.87	39.63	18.98	17.67
EBIT / Interest Expense	6.71	29.13	107.29	14.36	3.78
EBITDA / Interest Expense	9.94	37.6	122.12	55.2	37.99
(EBITDA - Capex) / Interest Expense	7.63	31.34	113.26	50.09	32.84
Total Debt / EBITDA	0.78	0.32	0.18	0.61	0.77
Net Debt / EBITDA	-0.83	-0.97	-0.69	-0.6	-0.66
Total Debt / (EBITDA - Capex)	1.02	0.39	0.19	0.67	0.89
Net Debt / (EBITDA - Capex)	-1.08	-1.17	-0.75	-0.66	-0.77
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	3.95	45.05	68.33	43.61	-3.9
Gross Profit, 1 Yr. Growth %	15.09	51.57	82.4	51.99	-5.39
EBITDA, 1 Yr. Growth %	28.08	97.07	141.23	15.91	-18
EBITA, 1 Yr. Growth %	27.22	116.96	166.47	11.68	-21.43
EBIT, 1 Yr. Growth %	27.22	116.96	166.47	-65.35	-68.28
Earnings From Cont. Operations, 1 Yr. Growth %	1.19	630.21	26.99	-58.25	-35.3
Net Income, 1 Yr. Growth %	1.19	630.21	26.99	-58.25	-35.3
Normalized Net Income, 1 Yr. Growth %	42.34	143.43	172.22	-65.25	-59.6
Diluted EPS Before Extra, 1 Yr. Growth %	-6.25	587.93	24.53	-67.32	-37.01
Accounts Receivable, 1 Yr. Growth %	50.53	11.14	30.98	52.48	30.3
Inventory, 1 Yr. Growth %	16.21	42.46	39.74	92.89	15.38
Net Property, Plant and Equip., 1 Yr. Growth %	102.59	20.43	25.91	84.56	12.62
Total Assets, 1 Yr. Growth %	32.31	48.67	38.57	444.17	0.45
Tangible Book Value, 1 Yr. Growth %	209.99	128.48	29.35	-11.5	59.05
Common Equity, 1 Yr. Growth %	123.3	106.47	28.44	630.29	2.09
Cash From Operations, 1 Yr. Growth %	1.35K	117.24	228.76	1.25	-53.24
Capital Expenditures, 1 Yr. Growth %	33.13	35.48	2.38	49.5	21.33
Levered Free Cash Flow, 1 Yr. Growth %	-418.26	6.83	559.85	18.58	-43.16
Unlevered Free Cash Flow, 1 Yr. Growth %	-613.65	3.29	542.41	19.69	-42.27
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	13.2	22.79	56.25	55.48	17.48
Gross Profit, 2 Yr. CAGR %	26.69	33.28	66.27	66.5	19.92
EBITDA, 2 Yr. CAGR %	77.41	64.53	118.03	67.21	-2.51
EBITA, 2 Yr. CAGR %	122.9	74.23	140.44	72.51	-6.33
EBIT, 2 Yr. CAGR %	122.9	74.23	140.44	-3.91	-66.85
Earnings From Cont. Operations, 2 Yr. CAGR %	221.46	171.82	204.51	-27.19	-48.03
Net Income, 2 Yr. CAGR %	221.46	171.82	204.51	-27.19	-48.03
Normalized Net Income, 2 Yr. CAGR %	855.68	98.08	157.47	-2.74	-62.53
Diluted EPS Before Extra, 2 Yr. CAGR %	194.19	153.96	192.69	-36.2	-54.63
Accounts Receivable, 2 Yr. CAGR %	102.35	29.34	20.65	41.32	40.95
Inventory, 2 Yr. CAGR %	18.95	28.67	41.1	64.18	49.18
Net Property, Plant and Equip., 2 Yr. CAGR %	64.35	56.19	23.14	52.44	44.17
Total Assets, 2 Yr. CAGR %	30.27	40.25	43.53	174.6	133.8
Tangible Book Value, 2 Yr. CAGR %	485.11	166.13	71.91	7.03	22.12
Common Equity, 2 Yr. CAGR %	117.79	114.72	62.85	206.26	173.04
Cash From Operations, 2 Yr. CAGR %	540.96	461.25	167.24	82.45	-31.19
Capital Expenditures, 2 Yr. CAGR %	38.58	34.3	17.78	23.72	34.68
Levered Free Cash Flow, 2 Yr. CAGR %	114.46	74.62	177.81	182.88	-16.84
Unlevered Free Cash Flow, 2 Yr. CAGR %	79.34	107.34	169.13	180.41	-15.88
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	15.94	22.95	36.41	51.92	32.44
Gross Profit, 3 Yr. CAGR %	41.94	34.49	47.98	61.37	37.91
EBITDA, 3 Yr. CAGR %	50.55	83.74	86.91	76.62	31.86
EBITA, 3 Yr. CAGR %	18.11	120.9	100.74	86.21	32.73
EBIT, 3 Yr. CAGR %	18.11	120.9	100.74	26.06	-33.59
Earnings From Cont. Operations, 3 Yr. CAGR %	-11.86	322.57	110.92	57.01	-30
Net Income, 3 Yr. CAGR %	-11.86	322.57	110.92	57.01	-30
Normalized Net Income, 3 Yr. CAGR %	0.06	505.81	120.12	32.07	-27.43
Diluted EPS Before Extra, 3 Yr. CAGR %	-20.63	290.48	100.26	40.95	-36.47
Accounts Receivable, 3 Yr. CAGR %	81.48	65.71	29.88	30.44	37.54
Inventory, 3 Yr. CAGR %	9.35	26.32	32.26	56.6	45.97
Net Property, Plant and Equip., 3 Yr. CAGR %	62.6	48.17	45.37	40.92	37.81
Total Assets, 3 Yr. CAGR %	21.98	36.14	39.69	123.81	96.39
Tangible Book Value, 3 Yr. CAGR %	179.17	327.67	109.24	37.81	24.51
Common Equity, 3 Yr. CAGR %	89.41	113.95	80.92	168.55	112.35
Cash From Operations, 3 Yr. CAGR %	82.58	346.89	369.6	93.38	15.89
Capital Expenditures, 3 Yr. CAGR %	41.25	37.54	22.69	27.52	22.92
Levered Free Cash Flow, 3 Yr. CAGR %	10.49	76.49	180.33	110.74	67.03
Unlevered Free Cash Flow, 3 Yr. CAGR %	4.24	54.5	211.23	106.97	66.9
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	4.1	19.59	30.64	35.05	28.49
Gross Profit, 5 Yr. CAGR %	9.29	32.12	51.21	46.48	36.04
EBITDA, 5 Yr. CAGR %	19.3	55.48	74.59	76.94	44.07
EBITA, 5 Yr. CAGR %	30.93	31.44	56.95	100.1	47.99
EBIT, 5 Yr. CAGR %	31.09	31.21	56.95	58.34	-2.32
Earnings From Cont. Operations, 5 Yr. CAGR %	-3.29	30.42	44.73	109.13	20.44
Net Income, 5 Yr. CAGR %	-3.29	30.42	44.73	109.13	20.44
Normalized Net Income, 5 Yr. CAGR %	95.89	20.87	45.98	191.37	8.4
Diluted EPS Before Extra, 5 Yr. CAGR %	-10.76	19.61	33.77	89.18	10.58
Accounts Receivable, 5 Yr. CAGR %	17.84	31.12	54.14	55.49	34.2
Inventory, 5 Yr. CAGR %	7.47	15.59	21.09	40.29	38.79
Net Property, Plant and Equip., 5 Yr. CAGR %	18.48	35.19	45.49	49.86	44.89
Total Assets, 5 Yr. CAGR %	9.86	23.78	30.19	80.25	71.65
Tangible Book Value, 5 Yr. CAGR %	41.05	43.34	129.95	145.73	68.72
Common Equity, 5 Yr. CAGR %	72.15	69.93	78.3	146.96	113.3
Cash From Operations, 5 Yr. CAGR %	38.14	36.5	112.64	212.3	117.82
Capital Expenditures, 5 Yr. CAGR %	17.96	25.09	31.35	31.83	27.35
Levered Free Cash Flow, 5 Yr. CAGR %	72.39	32.97	63.4	117.04	73.14
Unlevered Free Cash Flow, 5 Yr. CAGR %	35.06	97.23	55.56	99.57	85.25