AMD Reports First Quarter 2020 Financial Results
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ADVANCED MICRO DEVICES, INC. | |
CONDENSED CONSOLIDATED BALANCE SHEETS | |
(Millions) (Unaudited) | | | | | | | | March 28,
2020 | | December 28,
2019 | |
Assets | | | | |
Current assets: | | | | | Cash and cash equivalents | $ | 1,330 | | | $ | 1,466 | | | Marketable securities | | 55 | | | | 37 | | | Accounts receivable, net | | 1,691 | | | | 1,859 | | | Inventories, net | | 1,056 | | | | 982 | | | Prepayment and receivables - related parties | | 17 | | | | 20 | | | Prepaid expenses and other current assets | | 241 | | | | 233 | | |
Total current assets | | 4,390 | | | | 4,597 | | | Property and equipment, net | | 540 | | | | 500 | | | Operating lease right-of use assets | | 221 | | | | 205 | | | Goodwill | | 289 | | | | 289 | | | Investment: equity method | | 58 | | | | 58 | | | Other assets | | 366 | | | | 379 | | |
Total Assets | $ | 5,864 | | | $ | 6,028 | | | | | | | |
Liabilities and Stockholders' Equity | | | | |
Current liabilities: | | | | | Accounts payable | $ | 653 | | | $ | 988 | | | Payables to related parties | | 187 | | | | 213 | | | Accrued liabilities | | 1,070 | | | | 1,084 | | | Other current liabilities | | 75 | | | | 74 | | |
Total current liabilities | | 1,985 | | | | 2,359 | | | Long-term debt, net | | 488 | | | | 486 | | | Long-term operating lease liabilities | | 211 | | | | 199 | | | Other long-term liabilities | | 143 | | | | 157 | | | | | | | |
Stockholders' equity: | | | | | Capital stock: | | | | | Common stock, par value | | 12 | | | | 12 | | | Additional paid-in capital | | 10,026 | | | | 9,963 | | | Treasury stock, at cost | | (54 | ) | | | (53 | ) | | Accumulated deficit | | (6,933 | ) | | | (7,095 | ) | | Accumulated other comprehensive loss | | (14 | ) | | | - | | |
Total Stockholders' equity | $ | 3,037 | | | $ | 2,827 | | |
Total Liabilities and Stockholders' Equity | $ | 5,864 | | | $ | 6,028 | | | | | | |
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