|
ADVANCED MICRO DEVICES, INC. | | | |
|
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS | | | |
|
(Millions) | | | |
| | Three Months Ended | | Six Months Ended |
| | July 1,
2017 | | July 1,
2017 |
| | | | |
|
Cash flows from operating activities: | | | |
| Net loss | $ | (16 | ) | | $ | (89 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities: | | | |
| Depreciation and amortization | | 35 | | | | 69 | |
| Stock-based compensation expense | | 24 | | | | 47 | |
| Non-cash interest expense | | 9 | | | | 18 | |
| Loss on debt redemption | | 3 | | | | 7 | |
| Other | | (4 | ) | | | 1 | |
| Changes in operating assets and liabilities: | | | |
| Accounts receivable | | (120 | ) | | | (303 | ) |
| Inventories | | 6 | | | | (82 | ) |
| Prepayment and other receivables - related parties | | 21 | | | | 22 | |
| Prepaid expenses and other assets | | (26 | ) | | | (56 | ) |
| Payables to related parties | | 45 | | | | (9 | ) |
| Accounts payable, accrued liabilities and other | | (59 | ) | | | (6 | ) |
|
Net cash used in operating activities |
$ |
(82 |
) |
|
$ |
(381 |
) |
|
|
|
|
|
|
Cash flows from investing activities: | | | |
| Purchases of property, plant and equipment | | (12 | ) | | | (35 | ) |
| Purchases of available-for-sale securities | | - | | | | (221 | ) |
| Proceeds from maturity of available-for-sale securities | | 137 | | | | 137 | |
| Other | | (1 | ) | | | (3 | ) |
|
Net cash provided by (used in) investing activities |
$ |
124 | |
|
$ |
(122 |
) |
| | | | |
|
Cash flows from financing activities: | | | |
| Proceeds from borrowings, net | | 42 | | | | 42 | |
| Proceeds from issuance of common stock under stock-based compensation equity plans | | 2 | | | | 10 | |
| Repayments of long-term debt | | (42 | ) | | | (42 | ) |
| Other | | (6 | ) | | | (11 | ) |
|
Net cash used in financing activities |
$ |
(4 |
) |
|
$ |
(1 |
) |
| Net increase (decrease) in cash and cash equivalents | | 38 | | | | (504 | ) |
|
Cash and cash equivalents at beginning of period |
$ |
722 | |
|
$ |
1,264 | |
|
Cash and cash equivalents at end of period |
$ |
760 | |
|
$ |
760 | |
