AMD Reports Fourth Quarter and Annual 2017 Financial Results


    
ADVANCED MICRO DEVICES, INC.   
CONDENSED CONSOLIDATED BALANCE SHEETS     
(Millions)   
    
 December 30,
2017
 December 31,
2016
Assets   
Current assets:   
Cash and cash equivalents$1,185  $1,264 
Accounts receivable, net 400   311 
Inventories, net 739   751 
Prepayment and other receivables - related parties 33   32 
Prepaid expenses 77   63 
Other current assets 188   109 
    
Total current assets 2,622   2,530 
Property, plant and equipment, net 261   164 
Goodwill 289   289 
Investment: equity method 58   59 
Other assets 310   279 
    
Total Assets$3,540  $3,321 
    
Liabilities and Stockholders' Equity     
Current liabilities:   
Short-term debt$70  $- 
Accounts payable 384   440 
Payables to related parties 412   383 
Accrued liabilities 541   391 
Other current liabilities 57   69 
Deferred income on shipments to distributors 22   63 
      
Total current liabilities   1,486       1,346  
Long-term debt, net   1,325       1,435  
Other long-term liabilities   118       124  
       
Stockholders' equity:      
Capital stock:      
Common stock, par value   9       9  
Additional paid-in capital   8,464       8,334  
Treasury stock, at cost   (108 )     (119 )
Accumulated deficit   (7,760 )     (7,803 )
Accumulated other comprehensive income (loss)   6       (5 )
       
Total Stockholders' equity   611       416  
Total Liabilities and Stockholders' Equity   $ 3,540     $ 3,321  
       

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