ADVANCED MICRO DEVICES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Millions)
| September 30,
2023 | December 31,
2022 | ||||||
| (Unaudited) | |||||||
| ASSETS | |||||||
| Current assets: | |||||||
| Cash and cash equivalents | $ | 3,561 | $ | 4,835 | |||
| Short-term investments | 2,224 | 1,020 | |||||
| Accounts receivable, net | 5,054 | 4,126 | |||||
| Inventories | 4,445 | 3,771 | |||||
| Receivables from related parties | 1 | 2 | |||||
| Prepaid expenses and other current assets | 1,403 | 1,265 | |||||
| Total current assets | 16,688 | 15,019 | |||||
| Property and equipment, net | 1,566 | 1,513 | |||||
| Operating lease right-of-use assets | 507 | 460 | |||||
| Goodwill | 24,186 | 24,177 | |||||
| Acquisition-related intangibles, net | 21,950 | 24,118 | |||||
| Investment: equity method | 93 | 83 | |||||
| Deferred tax assets | 76 | 58 | |||||
| Other non-current assets | 2,560 | 2,152 | |||||
| Total Assets | $ | 67,626 | $ | 67,580 | |||
| LIABILITIES AND STOCKHOLDERS' EQUITY | |||||||
| Current liabilities: | |||||||
| Accounts payable | $ | 2,245 | $ | 2,493 | |||
| Payables to related parties | 325 | 463 | |||||
| Accrued liabilities | 3,376 | 3,077 | |||||
| Current portion of long-term debt, net | 752 | — | |||||
| Other current liabilities | 929 | 336 | |||||
| Total current liabilities | 7,627 | 6,369 | |||||
| Long-term debt, net of current portion | 1,715 | 2,467 | |||||
| Long-term operating lease liabilities | 395 | 396 | |||||
| Deferred tax liabilities | 1,152 | 1,934 | |||||
| Other long-term liabilities | 1,767 | 1,664 | |||||
| Stockholders' equity: | |||||||
| Capital stock: | |||||||
| Common stock, par value | 17 | 16 | |||||
| Additional paid-in capital | 59,182 | 58,005 | |||||
| Treasury stock, at cost | (4,235 | ) | (3,099 | ) | |||
| Retained earnings (Accumulated deficit) | 56 | (131 | ) | ||||
| Accumulated other comprehensive loss | (50 | ) | (41 | ) | |||
| Total stockholders' equity | $ | 54,970 | $ | 54,750 | |||
| Total Liabilities and Stockholders' Equity | $ | 67,626 | $ | 67,580 | |||
