Stock Analysis on Net
Stock Analysis on Net
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Advanced Micro Devices Inc. (NASDAQ:AMD)

Income Statement

Beginner level

Advanced Micro Devices Inc., consolidated income statement

US$ in millions

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12 months ended: Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 26, 2015
Net revenue 6,731  6,475  5,329  4,272  3,991 
Cost of sales (3,863) (4,028) (3,506) (3,274) (2,911)
Gross profit 2,868  2,447  1,823  998  1,080 
Research and development (1,547) (1,434) (1,160) (1,008) (947)
Marketing, general and administrative (750) (562) (511) (460) (482)
Amortization of acquired intangible assets —  —  —  —  (3)
Restructuring and other special charges, net —  —  —  10  (129)
Licensing gain 60  —  52  88  — 
Operating income (loss) 631  451  204  (372) (481)
Interest expense (94) (121) (126) (156) (160)
Interest income 15  18  — 
Gain on sale of 85% ATMP JV —  —  146  — 
Loss on debt redemption, repurchase and conversion (176) (12) (12) (68) — 
Other (4) (6) (6) —  (5)
Other income (expense), net (165) —  (9) 80  (5)
Income (loss) before income taxes and equity loss 372  330  69  (448) (646)
(Provision for) benefit from income taxes (31) (19) (39) (14)
Equity loss in investee —  (2) (7) (10) — 
Net income (loss) 341  337  43  (497) (660)

Based on: 10-K (filing date: 2020-02-04), 10-K (filing date: 2019-02-08), 10-K (filing date: 2018-02-27), 10-K (filing date: 2017-02-21), 10-K (filing date: 2016-02-18).

Income statement item Description The company
Net revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Advanced Micro Devices Inc.’s net revenue increased from 2017 to 2018 and from 2018 to 2019.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Advanced Micro Devices Inc.’s operating income (loss) increased from 2017 to 2018 and from 2018 to 2019.
Income (loss) before income taxes and equity loss Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Advanced Micro Devices Inc.’s income (loss) before income taxes and equity loss increased from 2017 to 2018 and from 2018 to 2019.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Advanced Micro Devices Inc.’s net income (loss) increased from 2017 to 2018 and from 2018 to 2019.