AMD Reports Second Quarter 2017 Financial Results
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ADVANCED MICRO DEVICES, INC. | | | |
|
CONDENSED CONSOLIDATED BALANCE SHEETS
| | | |
|
(Millions) | | | |
|
| | | |
| | July 1,
2017 | | December 31,
2016 |
|
Assets | | | |
| Current assets: | | | |
| Cash and cash equivalents | $ | 760 | | | $ | 1,264 | |
| Marketable securities | | 84 | | | | - | |
| Accounts receivable, net | | 614 | | | | 311 | |
| Inventories, net | | 833 | | | | 751 | |
| Prepayment and other receivables - related parties | | 10 | | | | 32 | |
| Prepaid expenses | | 68 | | | | 63 | |
| Other current assets | | 142 | | | | 109 | |
| | | | |
| Total current assets | | 2,511 | | | | 2,530 | |
| Property, plant and equipment, net | | 200 | | | | 164 | |
| Goodwill | | 289 | | | | 289 | |
| Investment: equity method | | 58 | | | | 59 | |
| Other assets | | 312 | | | | 279 | |
| | | | |
|
Total Assets | $ | 3,370 | | | $ | 3,321 | |
|
| | | |
|
Liabilities and Stockholders' Equity
| | | |
| Current liabilities: | | | |
| Short-term debt | $ | 42 | | | $ | - | |
| Accounts payable | | 483 | | | | 440 | |
| Payables to related parties | | 374 | | | | 383 | |
| Accrued liabilities | | 430 | | | | 391 | |
| Other current liabilities | | 48 | | | | 69 | |
| Deferred income on shipments to distributors | | 72 | | | | 63 | |
| | | | |
| Total current liabilities | | 1,449 | | | | 1,346 | |
| Long-term debt, net | | 1,375 | | | | 1,435 | |
| Other long-term liabilities | | 129 | | | | 124 | |
| | | | |
| Stockholders' equity: | | | |
| Capital stock: | | | |
| Common stock, par value | | 9 | | | | 9 | |
| Additional paid-in capital | | 8,405 | | | | 8,334 | |
| Treasury stock, at cost | | (105 | ) | | | (119 | ) |
| Accumulated deficit | | (7,892 | ) | | | (7,803 | ) |
| Accumulated other comprehensive loss | | - | | | | (5 | ) |
| | | | |
| Total Stockholders' equity | | 417 | | | | 416 | |
|
Total Liabilities and Stockholders' Equity
| $ | 3,370 | | | $ | 3,321 | |
