| ADVANCED MICRO DEVICES, INC. | |||||||
| CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS | |||||||
| (Millions) | |||||||
| Three Months Ended | Nine Months Ended | ||||||
| September 30,
2017 | September 30,
2017 | ||||||
| Cash flows from operating activities: | |||||||
| Net Income (loss) | $ | 71 | $ | (18 | ) | ||
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | |||||||
| Depreciation and amortization | 36 | 105 | |||||
| Stock-based compensation expense | 29 | 76 | |||||
| Non-cash interest expense | 9 | 27 | |||||
| Loss on debt redemption | 2 | 9 | |||||
| Other | 3 | 4 | |||||
| Changes in operating assets and liabilities: | |||||||
| Accounts receivable | (157 | ) | (460 | ) | |||
| Inventories | 39 | (43 | ) | ||||
| Prepayment and other receivables - related parties | (16 | ) | 6 | ||||
| Prepaid expenses and other assets | (26 | ) | (82 | ) | |||
| Payables to related parties | 70 | 61 | |||||
| Accounts payable, accrued liabilities and other | 6 | - | |||||
| Net cash provided by (used in) operating activities | $ | 66 | $ | (315 | ) | ||
| Cash flows from investing activities: | |||||||
| Purchases of property, plant and equipment | (34 | ) | (69 | ) | |||
| Purchases of available-for-sale securities | - | (221 | ) | ||||
| Proceeds from maturity of available-for-sale securities | 85 | 221 | |||||
| Other | - | (2 | ) | ||||
| Net cash provided by (used in) investing activities | $ | 51 | $ | (71 | ) | ||
| Cash flows from financing activities: | |||||||
| Proceeds from borrowings, net | 28 | 70 | |||||
| Proceeds from issuance of common stock under stock-based compensation equity plans | 5 | 15 | |||||
| Repayments of long-term debt | (28 | ) | (70 | ) | |||
| Other | (3 | ) | (14 | ) | |||
| Net cash provided by financing activities | $ | 2 | $ | 1 | |||
| Net increase (decrease) in cash and cash equivalents | 119 | (385 | ) | ||||
| Cash and cash equivalents at beginning of period | $ | 760 | $ | 1,264 | |||
| Cash and cash equivalents at end of period | $ | 879 | $ | 879 | |||
AMD Reports Third Quarter 2017 Financial Results
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