AMD Reports Fourth Quarter and Annual 2019 Financial Results

	ADVANCED MICRO DEVICES, INC.
	CONDENSED CONSOLIDATED BALANCE SHEETS
	(Millions) (Unaudited)

		December 28, 2019⁽¹⁾⁽²⁾			December 29, 2018⁽²⁾
	Assets
	Current assets:
	Cash and cash equivalents	$	1,466		$	1,078
	Marketable securities		37			78
	Accounts receivable, net		1,859			1,235
	Inventories, net		982			845
	Prepayment and receivables - related parties		20			34
	Prepaid expenses and other current assets		233			270
	Total current assets		4,597			3,540
	Property and equipment, net		500			348
	Operating lease right-of use assets		205			-
	Goodwill		289			289
	Investment: equity method		58			58
	Other assets		379			321
	Total Assets	$	6,028		$	4,556

	Liabilities and Stockholders' Equity
	Current liabilities:
	Short-term debt, net	$	-		$	136
	Accounts payable		988			834
	Payables to related parties		213			207
	Accrued liabilities		1,084			783
	Other current liabilities		74			24
	Total current liabilities		2,359			1,984
	Long-term debt, net		486			1,114
	Long-term operating lease liabilities		199			-
	Other long-term liabilities		157			192

	Stockholders' equity:
	Capital stock:
	Common stock, par value		12			10
	Additional paid-in capital		9,963			8,750
	Treasury stock, at cost		(53	)		(50	)
	Accumulated deficit		(7,095	)		(7,436	)
	Accumulated other comprehensive loss		-			(8	)
	Total Stockholders' equity	$	2,827		$	1,266
	Total Liabilities and Stockholders' Equity	$	6,028		$	4,556

(1)	During the first quarter of 2019, the Company adopted the new lease accounting standard, ASC 842, Leases, which resulted in an increase to assets and liabilities for leases primarily related to office buildings. The adoption of this standard had no impact to the Company's results of operations or cash flows.

(2)	During the second quarter of 2019, GLOBALFOUNDRIES Inc. (GF) ceased being a related party of the Company. All prior period GF related party balances have been reclassified to conform to the current period presentation.

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