Stock Analysis on Net

Advanced Micro Devices Inc. (NASDAQ:AMD) 

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

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12 months ended: Dec 25, 2021 Dec 26, 2020 Dec 28, 2019 Dec 29, 2018 Dec 30, 2017
Net income 3,162  2,490  341  337  43 
Depreciation and amortization 407  312  222  170  144 
Stock-based compensation 379  274  197  137  97 
Amortization of debt discount and issuance costs 14  30  38  36 
Amortization of operating lease right-of-use assets 56  42  36  —  — 
Loss on debt redemption, repurchase and conversion 54  176  12  12 
Loss on sale or disposal of property and equipment 34  33  42  27  — 
Impairment of technology licenses —  —  —  45  — 
Deferred income taxes 308  (1,223) (7) (4) — 
Gain on equity investments, net (56) (2) (1) —  — 
Other (7) (1) (1) — 
Accounts receivable, net (640) (219) (623) (806) (89)
Inventories (556) (417) (137) (151) 12 
Receivables from related parties 10  14  (28) (1)
Prepaid expenses and other assets (920) (231) (176) (70) (140)
Payables to related parties (135) 35  29 
Accounts payable 801  (513) 153  212  — 
Accrued liabilities and other 526  574  220  81  (75)
Changes in operating assets and liabilities (774) (931) (542) (727) (264)
Adjustments to reconcile net income to net cash provided by operating activities 359  (1,419) 152  (303) 25 
Net cash provided by operating activities 3,521  1,071  493  34  68 
Purchases of property and equipment (301) (294) (217) (163) (113)
Purchases of short-term investments (2,056) (850) (284) (123) (222)
Proceeds from maturity of short-term investments 1,678  192  325  45  222 
Collection of deferred proceeds on sale of receivables —  —  25  71  — 
Other (7) —  —  (1)
Net cash used in investing activities (686) (952) (149) (170) (114)
Proceeds from short-term borrowings —  200  —  —  70 
Repayments and extinguishment of debt —  (200) (473) (41) (110)
Proceeds from warrant exercise —  —  449  —  — 
Proceeds from sales of common stock through employee equity plans 104  85  74  70  20 
Repurchases of common stock (1,762) —  —  —  — 
Common stock repurchases for tax withholding on employee equity plans (237) (78) (6) (6) — 
Other —  (1) (1) (13)
Net cash provided by (used in) financing activities (1,895) 43  28  (33)
Net increase (decrease) in cash and cash equivalents, and restricted cash 940  125  387  (108) (79)
Cash, cash equivalents and restricted cash at beginning of year 1,595  1,470  1,083  1,191  1,264 
Cash, cash equivalents and restricted cash at end of year 2,535  1,595  1,470  1,083  1,185 

Based on: 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30).

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 2019 to 2020 and from 2020 to 2021.
Net cash used in 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 investing activities decreased from 2019 to 2020 but then slightly increased from 2020 to 2021.
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 2019 to 2020 and from 2020 to 2021.