AMD Reports Second Quarter 2020 Financial Results
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ADVANCED MICRO DEVICES, INC. | | | | | | |
CONDENSED CONSOLIDATED BALANCE SHEETS | | | | | | |
(Millions) | | | | | | | | | | | | | | |
June 27,
2020 | |
December 28,
2019 | | | | | (Unaudited) | | | | | |
Assets | | | | | | |
Current assets: | | | | | | | Cash and cash equivalents | $ | 1,775 | | | $ | 1,466 | | | | | Marketable securities | | - | | | | 37 | | | | | Accounts receivable, net | | 1,789 | | | | 1,859 | | | | | Inventories | | 1,324 | | | | 982 | | | | | Receivables from related parties | | 10 | | | | 20 | | | | | Prepaid expenses and other current assets | | 211 | | | | 233 | | | | |
Total current assets | | 5,109 | | | | 4,597 | | | | | Property and equipment, net | | 585 | | | | 500 | | | | | Operating lease right-of use assets | | 215 | | | | 205 | | | | | Goodwill | | 289 | | | | 289 | | | | | Investment: equity method | | 59 | | | | 58 | | | | | Other non-current assets | | 326 | | | | 379 | | | | |
Total Assets | $ | 6,583 | | | $ | 6,028 | | | | | | | | | | | |
Liabilities and Stockholders' Equity | | | | | | |
Current liabilities: | | | | | | | Short-term debt | $ | 200 | | | $ | - | | | | | Accounts payable | | 802 | | | | 988 | | | | | Payables to related parties | | 192 | | | | 213 | | | | | Accrued liabilities | | 1,172 | | | | 1,084 | | | | | Other current liabilities | | 68 | | | | 74 | | | | |
Total current liabilities | | 2,434 | | | | 2,359 | | | | | Long-term debt, net | | 490 | | | | 486 | | | | | Long-term operating lease liabilities | | 204 | | | | 199 | | | | | Other long-term liabilities | | 150 | | | | 157 | | | | | | | | | | | |
Stockholders' equity: | | | | | | | Capital stock: | | | | | | | Common stock, par value | | 12 | | | | 12 | | | | | Additional paid-in capital | | 10,127 | | | | 9,963 | | | | | Treasury stock, at cost | | (54 | ) | | | (53 | ) | | | | Accumulated deficit | | (6,776 | ) | | | (7,095 | ) | | | | Accumulated other comprehensive loss | | (4 | ) | | | - | | | | |
Total stockholders' equity | $ | 3,305 | | | $ | 2,827 | | | | |
Total Liabilities and Stockholders' Equity | $ | 6,583 | | | $ | 6,028 | | | | | | | | | |
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