Common-Size Income Statement
Quarterly Data
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Advanced Micro Devices Inc. pages available for free this week:
- Income Statement
- Cash Flow Statement
- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Analysis of Revenues
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Advanced Micro Devices Inc., common-size consolidated income statement (quarterly data)
Based on: 10-Q (reporting date: 2025-03-29), 10-K (reporting date: 2024-12-28), 10-Q (reporting date: 2024-09-28), 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-24), 10-Q (reporting date: 2022-06-25), 10-Q (reporting date: 2022-03-26), 10-K (reporting date: 2021-12-25), 10-Q (reporting date: 2021-09-25), 10-Q (reporting date: 2021-06-26), 10-Q (reporting date: 2021-03-27), 10-K (reporting date: 2020-12-26), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28).
- Cost of Sales
- This item shows an overall declining trend as a percentage of net revenue from March 2020 through March 2025. The percentage decreased from -54.2% to approximately -46.4%, indicating improved efficiency or cost control in the production or procurement processes over the analyzed periods.
- Amortization of Acquisition-Related Intangibles in Cost of Sales
- Starting from March 2022, amortization costs as a percentage of net revenue appeared within cost of sales and initially increased sharply to -7.91%, then fluctuated downward to about -3.37% by March 2025. This pattern suggests significant acquisition-related intangible amortization impacts diminishing over time.
- Gross Profit
- Gross profit margin showed an upward trend, improving from 45.8% in March 2020 to about 50.23% by March 2025. After a dip in 2022 with margins near 42%, gross profitability recovered strongly from late 2022 through 2025, suggesting better cost management or pricing power.
- Research and Development (R&D)
- R&D spending as a percentage of net revenue declined sharply during the initial quarters of the period, from -24.75% in March 2020 down to about -16.8% at year-end 2021. However, from 2022 onward, there was an increase again, reaching a high of -27.86% in March 2024 before falling back to around -23.23% by March 2025. This indicates fluctuating investment intensity in innovation and product development.
- Marketing, General, and Administrative Expenses (MG&A)
- MG&A expenses remained relatively stable, mostly fluctuating within a narrow range from -11.14% in early 2020 to around -11.91% by March 2025. The consistent level of these expenses indicates steady spending on operational support and sales functions without major expansions or contractions.
- Amortization of Acquisition-Related Intangibles in Operating Expenses
- Starting roughly in March 2022, amortization within operating expenses increased to over -10% by late 2022, before progressively declining to about -4.25% by March 2025. This pattern reflects a reduction in non-cash amortization burdens related to acquired intangible assets over time.
- Restructuring Charges
- A restructuring charge of -2.43% of net revenue appears in the March 2025 period, suggesting a notable one-time expense possibly linked to organizational changes or operational restructuring.
- Licensing Gain
- Licensing income emerged starting in late 2020, generally remaining a small but positive contribution around or below 0.24% of net revenue, except for a notable jump to 1.41% in March 2022. This reflects sporadic but contributory licensing activities to income.
- Operating Income (Loss)
- Operating income experienced significant volatility, starting near 10% of net revenue in early 2020, peaking around 25% at the end of 2021, then declining sharply into negative territory in 2022. Recovery begins gradually in 2023, reaching approximately 10.84% by March 2025. This indicates operational profitability challenges in 2022 followed by a gradual return to operating profitability.
- Interest Expense
- Interest costs remained low and relatively stable, fluctuating between -0.73% and -0.25% of net revenue, reflecting stable financing costs and perhaps moderate debt levels.
- Other Income (Expense), Net
- This item was mostly near zero in the early periods but improved steadily from negative or neutral levels to nearly 0.8% of net revenue by early 2023, maintaining small positive contributions through 2025. This improved other income may have provided some support to overall profitability.
- Income Before Taxes and Equity Income
- Income before taxes showed a trend similar to operating income, with positive growth into late 2021, a sharp decline to negative in 2022, and recovery in 2023 through 2025. Values moved from peaks near 25% down to slightly negative, then back up to about 11% by March 2025.
- Income Tax (Provision) Benefit
- The tax provision fluctuated substantially, including a notable positive tax benefit of 37.98% in December 2020, which is likely an unusual or non-recurring event. Other periods show moderate tax rates mostly between -5% and 5% of net revenue, indicating variable effective tax rates over the timeframe.
- Equity Income in Investee
- The income from investments in other companies remained modest and positive, generally staying between 0.02% and 0.16% of net revenue, indicating minor but steady contributions from associated entities.
- Net Income (Loss)
- Net income followed a similar pattern to operating income and income before taxes. Initially positive and rising up to nearly 55% of net revenue in December 2020, it fell dramatically in 2022 to near zero or negative levels, then recovered gradually in 2023-2025 with values around 9.53% by March 2025. This indicates strong earnings volatility influenced by both operating performance and extraordinary items.