| (1) | During the first quarter of 2021, the Company adopted ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, using the modified retrospective adoption method, which resulted in $8 million of deferred tax liability associated with book-tax differences in a foreign equity method investment recognized in Accumulated deficit. |
ADVANCED MICRO DEVICES, INC.
SELECTED CASH FLOW INFORMATION
(Millions) (Unaudited)
| Three Months Ended | |||||||||||||
| March 26,
2022 | December 25,
2021 | March 27,
2021 | |||||||||||
| Net cash provided by (used in) | |||||||||||||
| Operating activities | $ | 995 | $ | 822 | $ | 898 | |||||||
| Investing activities | $ | 3,158 | $ | — | $ | (722 | ) | ||||||
| Financing activities | $ | (1,948 | ) | $ | (727 | ) | $ | (8 | ) | ||||
SELECTED CORPORATE DATA
(Millions) (Unaudited)
| Three Months Ended | |||||||||||||
| March 26,
2022 | December 25,
2021 | March 27,
2021 | |||||||||||
| Segment and Category Information (1) | |||||||||||||
| Computing and Graphics | |||||||||||||
| Net revenue | $ | 2,802 | $ | 2,584 | $ | 2,100 | |||||||
| Operating income | $ | 723 | $ | 566 | $ | 485 | |||||||
| Enterprise, Embedded and Semi-Custom | |||||||||||||
| Net revenue | $ | 2,526 | $ | 2,242 | $ | 1,345 | |||||||
| Operating income | $ | 881 | $ | 762 | $ | 277 | |||||||
| Xilinx | |||||||||||||
| Net revenue | $ | 559 | $ | — | $ | — | |||||||
| Operating income | $ | 233 | $ | — | $ | — | |||||||
| All Other | |||||||||||||
| Net revenue | $ | — | $ | — | $ | — | |||||||
| Operating loss | $ | (886 | ) | $ | (121 | ) | $ | (100 | ) | ||||
| Total | |||||||||||||
| Net revenue | $ | 5,887 | $ | 4,826 | $ | 3,445 | |||||||
| Operating income | $ | 951 | $ | 1,207 | $ | 662 | |||||||
| Other Data | |||||||||||||
| Capital expenditures | $ | 71 | $ | 86 | $ | 66 | |||||||
| Adjusted EBITDA (2) | $ | 1,967 | $ | 1,446 | $ | 857 | |||||||
| Cash, cash equivalents and short-term investments | $ | 6,532 | $ | 3,608 | $ | 3,116 | |||||||
| Free cash flow (3) | $ | 924 | $ | 736 | $ | 832 | |||||||
| Total assets | $ | 66,915 | $ | 12,419 | $ | 10,047 | |||||||
| Total debt | $ | 1,787 | $ | 313 | $ | 313 | |||||||
