AMD Reports Fourth Quarter and Annual 2017 Financial Results
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ADVANCED MICRO DEVICES, INC. | | | |
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CONDENSED CONSOLIDATED BALANCE SHEETS
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(Millions) | | | |
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| | December 30,
2017 | | December 31,
2016 |
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Assets | | | |
| Current assets: | | | |
| Cash and cash equivalents | $ | 1,185 | | | $ | 1,264 | |
| Accounts receivable, net | | 400 | | | | 311 | |
| Inventories, net | | 739 | | | | 751 | |
| Prepayment and other receivables - related parties | | 33 | | | | 32 | |
| Prepaid expenses | | 77 | | | | 63 | |
| Other current assets | | 188 | | | | 109 | |
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| Total current assets | | 2,622 | | | | 2,530 | |
| Property, plant and equipment, net | | 261 | | | | 164 | |
| Goodwill | | 289 | | | | 289 | |
| Investment: equity method | | 58 | | | | 59 | |
| Other assets | | 310 | | | | 279 | |
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Total Assets | $ | 3,540 | | | $ | 3,321 | |
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Liabilities and Stockholders' Equity
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| Current liabilities: | | | |
| Short-term debt | $ | 70 | | | $ | - | |
| Accounts payable | | 384 | | | | 440 | |
| Payables to related parties | | 412 | | | | 383 | |
| Accrued liabilities | | 541 | | | | 391 | |
| Other current liabilities | | 57 | | | | 69 | |
| Deferred income on shipments to distributors | | 22 | | | | 63 | |
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| Total current liabilities | | 1,486 | | | | 1,346 | |
| Long-term debt, net | | 1,325 | | | | 1,435 | |
| Other long-term liabilities | | 118 | | | | 124 | |
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| Stockholders' equity: | | | |
| Capital stock: | | | |
| Common stock, par value | | 9 | | | | 9 | |
| Additional paid-in capital | | 8,464 | | | | 8,334 | |
| Treasury stock, at cost | | (108 | ) | | | (119 | ) |
| Accumulated deficit | | (7,760 | ) | | | (7,803 | ) |
| Accumulated other comprehensive income (loss) | | 6 | | | | (5 | ) |
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| Total Stockholders' equity | | 611 | | | | 416 | |
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Total Liabilities and Stockholders' Equity
| $ | 3,540 | | | $ | 3,321 | |
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