AMD Reports First Quarter 2023 Financial Results
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ADVANCED MICRO DEVICES, INC. | |
CONDENSED CONSOLIDATED BALANCE SHEETS | |
(Millions) | | | | April 1,
2023 | | December 31,
2022 | | | | (Unaudited) | | | |
ASSETS | | | | | |
Current assets: | | | | | | Cash and cash equivalents | | $ | 3,825 | | | $ | 4,835 | | | Short-term investments | | | 2,114 | | | | 1,020 | | | Accounts receivable, net | | | 4,040 | | | | 4,126 | | | Inventories | | | 4,235 | | | | 3,771 | | | Receivables from related parties | | | 2 | | | | 2 | | | Prepaid expenses and other current assets | | | 1,442 | | | | 1,265 | | |
Total current assets | | | 15,658 | | | | 15,019 | | | Property and equipment, net | | | 1,500 | | | | 1,513 | | | Operating lease right-of use assets | | | 447 | | | | 460 | | | Goodwill | | | 24,177 | | | | 24,177 | | | Acquisition-related intangibles, net | | | 23,291 | | | | 24,118 | | | Investment: equity method | | | 84 | | | | 83 | | | Deferred tax assets | | | 67 | | | | 58 | | | Other non-current assets | | | 2,410 | | | | 2,152 | | |
Total Assets | | $ | 67,634 | | | $ | 67,580 | | | | | | | | |
LIABILITIES AND STOCKHOLDERS’ EQUITY | | | | | |
Current liabilities: | | | | | | Accounts payable | | $ | 2,518 | | | $ | 2,493 | | | Payables to related parties | | | 353 | | | | 463 | | | Accrued liabilities | | | 3,167 | | | | 3,077 | | | Other current liabilities | | | 539 | | | | 336 | | |
Total current liabilities | | | 6,577 | | | | 6,369 | | | Long-term debt | | | 2,467 | | | | 2,467 | | | Long-term operating lease liabilities | | | 381 | | | | 396 | | | Deferred tax liabilities | | | 1,641 | | | | 1,934 | | | Other long-term liabilities | | | 1,874 | | | | 1,664 | | | | | | | | |
Stockholders’ equity: | | | | | | Capital stock: | | | | | | Common stock, par value | | | 16 | | | | 16 | | | Additional paid-in capital | | | 58,331 | | | | 58,005 | | | Treasury stock, at cost | | | (3,362 | ) | | | (3,099 | ) | | Accumulated deficit | | | (270 | ) | | | (131 | ) | | Accumulated other comprehensive loss | | | (21 | ) | | | (41 | ) | |
Total stockholders’ equity | | $ | 54,694 | | | $ | 54,750 | | |
Total Liabilities and Stockholders’ Equity | | $ | 67,634 | | | $ | 67,580 | |
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