ADVANCED MICRO DEVICES INC
For the period ended Sep 28, 2024. Filed Oct 30, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 28, 2024 · Filed Oct 30, 2024
AMD$515.21+1.3%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| September 28,2024 | September 30,2023 | |
| (In millions) | ||
| Cash flows from operating activities: | ||
| Net income | $1,159 | $187 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 2,309 | 2,654 |
| Stock-based compensation | 1,068 | 1,010 |
| Deferred income taxes | (863) | (800) |
| Amortization of operating lease right-of-use assets | 82 | 73 |
| Inventory loss at contract manufacturer | 65 | — |
| Other | (50) | (31) |
| Changes in operating assets and liabilities | ||
| Accounts receivable, net | (1,862) | (929) |
| Inventories | (1,096) | (674) |
| Prepaid expenses and other assets | (250) | (380) |
| Receivables from and payables to related parties, net | 78 | (136) |
| Accounts payable | 476 | (238) |
| Accrued and other liabilities | 626 | 550 |
| Net cash provided by operating activities | 1,742 | 1,286 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (428) | (407) |
| Purchases of short-term investments | (707) | (3,312) |
| Proceeds from maturity of short-term investments | 1,351 | 1,917 |
| Proceeds from sale of short-term investments | 591 | 248 |
| Acquisitions, net of cash acquired | (548) | (14) |
| Related party equity method investment | (17) | — |
| Other | (129) | (5) |
| Net cash provided by (used in) investing activities | 113 | (1,573) |
| Cash flows from financing activities: | ||
| Repayment of debt | (750) | — |
| Proceeds from sales of common stock through employee equity plans | 152 | 148 |
| Repurchases of common stock | (606) | (752) |
| Common stock repurchases for tax withholding on employee equity plans | (686) | (382) |
| Other | (1) | (1) |
| Net cash used in financing activities | (1,891) | (987) |
| Net decrease in cash and cash equivalents | (36) | (1,274) |
| Cash and cash equivalents at beginning of period | 3,933 | 4,835 |
| Cash and cash equivalents at end of period | $3,897 | $3,561 |
| Advanced Micro Devices, Inc.Condensed Consolidated Statements of Cash Flows(Unaudited) | ||
|---|---|---|
| Nine Months Ended | ||
| September 28,2024 | September 30,2023 | |
| (In millions) | ||
| Supplemental cash flow information: | ||
| Cash paid for taxes, net of refunds | $1,011 | $34 |
| Non-cash investing activities: | ||
| Purchases of property and equipment, accrued but not paid | $99 | $113 |
| Non-cash activities for leases: | ||
| Operating lease right-of-use assets acquired by assuming related liabilities | $95 | $121 |
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