| | | | |
|
ADVANCED MICRO DEVICES, INC. | | | |
|
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS | | | |
|
(Millions) | | | |
| | Three Months Ended | | Year Ended |
| | December 30,
2017 | | December 30,
2017 |
| | | | |
|
Cash flows from operating activities: | | | |
| Net Income | $ | 61 | | | $ | 43 | |
| Adjustments to reconcile net income to net cash provided by operating activities: | | | |
| Depreciation and amortization | | 39 | | | | 144 | |
| Stock-based compensation expense | | 21 | | | | 97 | |
| Amortization of debt discount and issuance costs | | 9 | | | | 36 | |
| Loss on debt redemption | | 3 | | | | 12 | |
| Net gain on sale of equity interests in ATMP JV | | (3 | ) | | | (3 | ) |
| Other | | (1 | ) | | | 3 | |
| Changes in operating assets and liabilities: | | | |
| Accounts receivable | | 371 | | | | (89 | ) |
| Inventories | | 55 | | | | 12 | |
| Prepayment and other receivables - related parties | | (7 | ) | | | (1 | ) |
| Prepaid expenses and other assets | | (58 | ) | | | (140 | ) |
| Payables to related parties | | (32 | ) | | | 29 | |
| Accounts payable, accrued liabilities and other | | (75 | ) | | | (75 | ) |
|
Net cash provided by operating activities |
$ |
383 | |
|
$ |
68 | |
|
|
|
|
|
|
Cash flows from investing activities: | | | |
| Purchases of property, plant and equipment | | (44 | ) | | | (113 | ) |
| Purchases of available-for-sale securities | | (1 | ) | | | (222 | ) |
| Proceeds from maturity of available-for-sale securities | | 1 | | | | 222 | |
| Net proceeds from sale of equity interests in ATMP JV | | 1 | | | | 1 | |
| Other | | - | | | | (2 | ) |
|
Net cash used in investing activities |
$ |
(43 |
) |
|
$ |
(114 |
) |
| | | | |
|
Cash flows from financing activities: | | | |
| Proceeds from borrowings, net | | - | | | | 70 | |
| Proceeds from issuance of common stock under stock-based compensation equity plans | | 5 | | | | 20 | |
| Repayments of long-term debt | | (40 | ) | | | (110 | ) |
| Other | | 1 | | | | (13 | ) |
|
Net cash used in financing activities |
$ |
(34 |
) |
|
$ |
(33 |
) |
| Net increase (decrease) in cash and cash equivalents | | 306 | | | | (79 | ) |
|
Cash and cash equivalents at beginning of period |
$ |
879 | |
|
$ |
1,264 | |
|
Cash and cash equivalents at end of period |
$ |
1,185 | |
|
$ |
1,185 | |
| | | | |
