AMD Reports First Quarter 2020 Financial Results


  Three Months Ended
  March 28,
2020
  December 28,
2019
  March 30,
2019
GAAP net income / earnings per share $ 162   $ 0.14   $ 170   $ 0.15  $ 16   $ 0.01 
Loss on debt redemption/conversion -   -   128   0.10  8   0.01 
Non-cash interest expense related to convertible debt 2   -   4   -  6   0.01 
Stock-based compensation 59    0.04       57       0.05     41       0.04  
Equity loss in investee   -       -       -       -     1       -  
Loss contingency on legal matter   -       -       -       -     5       -  
Provision for (benefit from) income taxes   (1 )     -       24       0.02     (15 )     (0.01 )
Non-GAAP net income / earnings per share $ 222     $ 0.18     $ 383     $ 0.32   $ 62     $ 0.06  
                       
Shares used and net income adjustment in earnings per share calculation (1)                      
Shares used in per share calculation (GAAP)   1,224       1,188     1,094  
Interest expense add-back to GAAP net income $ 4     $ 4   $ -  
Shares used in per share calculation (Non-GAAP)   1,224       1,216     1,195  
Interest expense add-back to Non-GAAP net income $ 2     $ 2   $ 5  

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