Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Advanced Micro Devices Inc., consolidated cash flow statement

US$ in millions

12 months ended:	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020	Dec 28, 2019
Net income	854)	1,320)	3,162)	2,490)	341)
Depreciation and amortization	3,453)	4,174)	407)	312)	222)
Stock-based compensation	1,384)	1,081)	379)	274)	197)
Amortization of operating lease right-of-use assets	98)	88)	56)	42)	36)
Amortization of inventory fair value adjustment	3)	189)	—)	—)	—)
Loss on debt redemption, repurchase and conversion	—)	—)	7)	54)	176)
Loss on sale or disposal of property and equipment	11)	16)	34)	33)	42)
Deferred income taxes	(1,019)	(1,505)	308)	(1,223)	(7)
Gains (losses) on equity investments, net	(1)	62)	(56)	(2)	(1)
Other	(67)	(14)	(2)	22)	29)
Accounts receivable, net	(1,250)	(1,091)	(640)	(219)	(623)
Inventories	(580)	(1,401)	(556)	(417)	(137)
Receivables from related parties	(7)	(13)	8)	10)	14)
Prepaid expenses and other assets	(472)	(1,197)	(920)	(231)	(176)
Payables to related parties	(100)	379)	7)	(135)	7)
Accounts payable	(419)	931)	801)	(513)	153)
Accrued and other liabilities	(221)	546)	526)	574)	220)
Changes in operating assets and liabilities	(3,049)	(1,846)	(774)	(931)	(542)
Adjustments to reconcile net income to net cash provided by operating activities	813)	2,245)	359)	(1,419)	152)
Net cash provided by operating activities	1,667)	3,565)	3,521)	1,071)	493)
Purchases of property and equipment	(546)	(450)	(301)	(294)	(217)
Purchases of short-term investments	(3,722)	(2,667)	(2,056)	(850)	(284)
Proceeds from maturity of short-term investments	2,687)	4,310)	1,678)	192)	325)
Proceeds from sale of short-term investments	300)	—)	—)	—)	—)
Cash received from acquisition of Xilinx	—)	2,366)	—)	—)	—)
Acquisitions, net of cash acquired	(131)	(1,544)	—)	—)	—)
Collection of deferred proceeds on sale of receivables	—)	—)	—)	—)	25)
Other	(11)	(16)	(7)	—)	2)
Net cash (used in) provided by investing activities	(1,423)	1,999)	(686)	(952)	(149)
Proceeds from debt, net of issuance costs	—)	991)	—)	200)	—)
Repayment of debt	—)	(312)	—)	(200)	(473)
Proceeds from warrant exercise	—)	—)	—)	—)	449)
Proceeds from sales of common stock through employee equity plans	268)	167)	104)	85)	74)
Repurchases of common stock	(985)	(3,702)	(1,762)	—)	—)
Common stock repurchases for tax withholding on employee equity plans	(427)	(406)	(237)	(78)	(6)
Other	(2)	(2)	—)	(1)	(1)
Net cash provided by (used in) financing activities	(1,146)	(3,264)	(1,895)	6)	43)
Net increase (decrease) in cash and cash equivalents	(902)	2,300)	940)	125)	387)
Cash and cash equivalents at beginning of year	4,835)	2,535)	1,595)	1,470)	1,083)
Cash and cash equivalents at end of year	3,933)	4,835)	2,535)	1,595)	1,470)

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Advanced Micro Devices Inc. net cash provided by operating activities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Advanced Micro Devices Inc. net cash (used in) provided by investing activities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Advanced Micro Devices Inc. net cash provided by (used in) financing activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Advanced Micro Devices Inc. (NASDAQ:AMD)

Cash Flow Statement