ADVANCED MICRO DEVICES INC
For the period ended Mar 29, 2025. Filed May 7, 2025.
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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.
Mar 29, 2025 · Filed May 7, 2025
AMD$449.04+11.0%Stored close · as of Nov 6, 2026
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Condensed Consolidated Balance Sheets
| March 29,2025 | December 28,2024 | |
|---|---|---|
| (In millions, except par value amounts) | ||
| ASSETS | ||
| Current assets: | ||
| Cash and cash equivalents | $6,049 | $3,787 |
| Short-term investments | 1,261 | 1,345 |
| Accounts receivable, net | 5,443 | 6,192 |
| Inventories | 6,416 | 5,734 |
| Prepaid expenses and other current assets | 2,426 | 1,991 |
| Total current assets | 21,595 | 19,049 |
| Property and equipment, net | 1,921 | 1,802 |
| Goodwill | 24,839 | 24,839 |
| Acquisition-related intangibles, net | 18,363 | 18,930 |
| Deferred tax assets | 845 | 688 |
| Other non-current assets | 3,987 | 3,918 |
| Total assets | $71,550 | $69,226 |
| LIABILITIES AND STOCKHOLDERS’ EQUITY | ||
| Current liabilities: | ||
| Accounts payable | $2,206 | $2,466 |
| Accrued liabilities | 3,876 | 4,260 |
| Short-term borrowings | 947 | — |
| Other current liabilities | 674 | 555 |
| Total current liabilities | 7,703 | 7,281 |
| Long-term debt | 3,217 | 1,721 |
| Long-term operating lease liabilities | 567 | 491 |
| Deferred tax liabilities | 343 | 349 |
| Other long-term liabilities | 1,839 | 1,816 |
| Commitments and contingencies (See Note 12) | ||
| Stockholders’ equity: | ||
| Capital stock: | ||
| Common stock, par value $0.01; shares authorized: 2,250; shares issued: 1,681 and 1,680; shares outstanding: 1,616 and 1,622 | 17 | 17 |
| Additional paid-in capital | 61,730 | 61,362 |
| Treasury stock, at cost (shares held: 65 and 58) | (6,899) | (6,106) |
| Retained earnings | 3,073 | 2,364 |
| Accumulated other comprehensive loss | (40) | (69) |
| Total stockholders’ equity | 57,881 | 57,568 |
| Total liabilities and stockholders’ equity | $71,550 | $69,226 |
Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| March 29,2025 | March 30,2024 | |
| (In millions) | ||
| Cash flows from operating activities: | ||
| Net income | $709 | $123 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 175 | 162 |
| Amortization of acquisition-related intangibles | 567 | 622 |
| Stock-based compensation | 364 | 371 |
| Deferred income taxes | (167) | (66) |
| Inventory loss at contract manufacturer | — | 65 |
| Other | 39 | 4 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | 748 | 913 |
| Inventories | (682) | (368) |
| Prepaid expenses and current assets | (237) | (919) |
| Accounts payable | (289) | (561) |
| Accrued and other liabilities | (288) | 175 |
| Net cash provided by operating activities | 939 | 521 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (212) | (142) |
| Purchases of short-term investments | (304) | (433) |
| Proceeds from maturity of short-term investments | 365 | 441 |
| Proceeds from sale of short-term investments | 33 | 2 |
| Purchases of strategic investments | (239) | (4) |
| Other | — | 1 |
| Net cash used in investing activities | (357) | (135) |
| Cash flows from financing activities: | ||
| Proceeds from long-term debt issuance, net of issuance costs | 1,494 | — |
| Proceeds from commercial paper issuance, net of discount | 947 | — |
| Proceeds from sales of common stock through employee equity plans | 4 | 5 |
| Repurchases of common stock | (749) | (4) |
| Stock repurchases for tax withholding on employee equity plans | (30) | (129) |
| Other | — | (1) |
| Net cash provided by (used in) financing activities | 1,666 | (129) |
| Net increase in cash, cash equivalents and restricted cash | 2,248 | 257 |
| Cash, cash equivalents and restricted cash at beginning of period | 3,811 | 3,933 |
| Cash, cash equivalents and restricted cash at end of period | $6,059 | $4,190 |
Condensed Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| March 29,2025 | March 30,2024 | |
| (In millions) | ||
| Supplemental cash flow information: | ||
| Cash paid during the period for: | ||
| Income taxes, net of refunds | $128 | $87 |
| Non-cash investing and financing activities: | ||
| Purchases of property and equipment, accrued but not paid | $147 | $102 |
| Reconciliation of cash, cash equivalents and restricted cash | ||
| Cash and cash equivalents | $6,049 | $4,190 |
| Restricted cash included in Prepaid expenses and other current assets | 10 | $— |
| Total cash, cash equivalents and restricted cash | $6,059 | $4,190 |
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