ADVANCED MICRO DEVICES INC
For the period ended Sep 27, 2025. Filed Nov 5, 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.
Sep 27, 2025 · Filed Nov 5, 2025
AMD$515.21+1.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| September 27,2025 | September 28,2024 | |
| (In millions) | ||
| Cash flows from operating activities: | ||
| Net income | $2,824 | $1,159 |
| Income from discontinued operations, net of tax | (175) | — |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 556 | 499 |
| Amortization of acquisition-related intangibles | 1,697 | 1,810 |
| Stock-based compensation | 1,152 | 1,068 |
| Deferred income taxes | 18 | (863) |
| Release of reserves for uncertain tax positions | (853) | — |
| Inventory loss at (recovery from) contract manufacturer | (67) | 65 |
| Other | 29 | 32 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable, net | (7) | (1,961) |
| Inventories | (1,579) | (1,096) |
| Prepaid expenses and other assets | (259) | (171) |
| Accounts payable | 998 | 574 |
| Accrued and other liabilities | (145) | 626 |
| Net cash provided by operating activities of continuing operations | 4,189 | 1,742 |
| Net cash provided by operating activities of discontinued operations | 920 | — |
| Net cash flows provided by operating activities | 5,109 | 1,742 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (752) | (428) |
| Purchases of short-term investments | (2,110) | (707) |
| Proceeds from maturity of short-term investments | 982 | 1,351 |
| Proceeds from sale of short-term investments | 66 | 591 |
| Purchases of strategic investments | (432) | (131) |
| Acquisitions, net of cash acquired | (1,716) | (548) |
| Other | — | (15) |
| Net cash (used in) provided by investing activities of continuing operations | (3,962) | 113 |
| Net cash used in investing activities of discontinued operations | (30) | — |
| Net cash flows (used in) provided by investing activities | (3,992) | 113 |
| Cash flows from financing activities: | ||
| Proceeds from debt and commercial paper issuance, net of issuance costs | 2,441 | — |
| Repayment of debt and commercial paper | (950) | (750) |
| Proceeds from sales of common stock through employee equity plans | 169 | 152 |
| Repurchases of common stock | (1,316) | (606) |
| Stock repurchases for tax withholding on employee equity plans | (447) | (686) |
| Other | — | (1) |
| Net cash used in financing activities of continuing operations | (103) | (1,891) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 1,014 | (36) |
| Cash, cash equivalents and restricted cash at beginning of period | 3,811 | 3,933 |
| Cash, cash equivalents and restricted cash at end of period | $4,825 | $3,897 |
Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| September 27,2025 | September 28,2024 | |
| (In millions) | ||
| Supplemental cash flow information: | ||
| Cash paid during the period for: | ||
| Income taxes, net of refunds | $818 | $1,011 |
| Non-cash investing and financing activities: | ||
| Purchases of property and equipment, accrued but not paid | $153 | $99 |
| Reissuance of treasury stock for the acquisition of ZT Systems | $860 | $— |
| Contingent consideration liability for the acquisition of ZT Systems | $361 | $— |
| Reconciliation of cash, cash equivalents and restricted cash | ||
| Cash and cash equivalents | $4,808 | $3,897 |
| Restricted cash included in Prepaid expenses and other current assets | 17 | — |
| Cash, cash equivalents and restricted cash at end of period | $4,825 | $3,897 |
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