AMD Reports Fourth Quarter and Annual 2018 Financial Results
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ADVANCED MICRO DEVICES, INC. | | | |
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CONDENSED CONSOLIDATED BALANCE SHEETS
| | | |
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(Millions) | | | |
|
| | | |
| | December 29,
2018 | | December 30,
2017 |
|
Assets | | | |
| Current assets: | | | |
| Cash and cash equivalents | $ | 1,078 | | | $ | 1,185 | |
| Marketable securities | | 78 | | | | - | |
| Accounts receivable, net | | 1,235 | | | | 454 | |
| Inventories, net | | 845 | | | | 694 | |
| Prepayment and receivables - related parties | | 52 | | | | 33 | |
| Prepaid expenses | | 57 | | | | 77 | |
| Other current assets | | 195 | | | | 191 | |
| | | | |
| Total current assets | | 3,540 | | | | 2,634 | |
| Property and equipment, net | | 348 | | | | 261 | |
| Goodwill | | 289 | | | | 289 | |
| Investment: equity method | | 58 | | | | 58 | |
| Other assets | | 321 | | | | 310 | |
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Total Assets | $ | 4,556 | | | $ | 3,552 | |
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| | | |
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Liabilities and Stockholders' Equity
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| Current liabilities: | | | |
| Short-term debt | $ | 136 | | | $ | 70 | |
| Accounts payable | | 528 | | | | 384 | |
| Payables to related parties | | 533 | | | | 412 | |
| Accrued liabilities | | 763 | | | | 555 | |
| Other current liabilities | | 24 | | | | 92 | |
| | | | |
| Total current liabilities | | 1,984 | | | | 1,513 | |
| Long-term debt, net | | 1,114 | | | | 1,325 | |
| Other long-term liabilities | | 192 | | | | 118 | |
| | | | |
| Stockholders' equity: | | | |
| Capital stock: | | | |
| Common stock, par value | | 10 | | | | 9 | |
| Additional paid-in capital | | 8,750 | | | | 8,464 | |
| Treasury stock, at cost | | (50 | ) | | | (108 | ) |
| Accumulated deficit | | (7,436 | ) | | | (7,775 | ) |
| Accumulated other comprehensive income (loss) | | (8 | ) | | | 6 | |
| | | | |
| Total Stockholders' equity | | 1,266 | | | | 596 | |
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Total Liabilities and Stockholders' Equity
| $ | 4,556 | | | $ | 3,552 | |
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