AMD Reports First Quarter 2018 Financial Results

 


 

     
ADVANCED MICRO DEVICES, INC.    
CONDENSED CONSOLIDATED BALANCE SHEETS    
(Millions)    
     
 March 31,
2018
 December 30,
2017
 
Assets    
Current assets:    
Cash and cash equivalents$  1,045  $  1,185   
Accounts receivable, net   738    454   
Inventories, net   715    694   
Prepayment and other receivables - related parties   18    33   
Prepaid expenses   67    77   
Other current assets   168    191   
     
Total current assets   2,751    2,634   
Property, plant and equipment, net   290    261   
Goodwill   289    289   
Investment: equity method    57    58   
Other assets   376    310   
     
Total Assets$  3,763  $  3,552   
     
Liabilities and Stockholders' Equity      
Current liabilities:    
Short-term debt, net$  223  $  70   
Accounts payable   456    384   
Payables to related parties   374    412   
Accrued liabilities   485        555     
Other current liabilities     159        92     
         
Total current liabilities     1,697        1,513     
Long-term debt, net     1,165        1,325     
Other long-term liabilities     186        118     
         
Stockholders' equity:        
Capital stock:        
Common stock, par value     10        9     
Additional paid-in capital     8,502        8,464     
Treasury stock, at cost     (108 )      (108 )  
Accumulated deficit     (7,692 )      (7,775 )  
Accumulated other comprehensive income     3        6     
         
Total Stockholders' equity      715        596     
Total Liabilities and Stockholders' Equity   $   3,763     $   3,552     
         

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