AMD Reports Third Quarter 2019 Financial Results

ADVANCED MICRO DEVICES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Millions)

  September 28, 
2019 (1)
 December 29,
2018 (2)
Assets    
Current assets:    
Cash and cash equivalents $1,156  $1,078 
Marketable securities 53  78 
Accounts receivable, net 1,393  1,235 
Inventories, net 1,040  845 
Prepayment and receivables - related parties 17  34 
Prepaid expenses and other current assets 253  270 
Total current assets 3,912  3,540 
Property and equipment, net 453  348 
Operating lease right-of use assets 205   
Goodwill 289  289 
Investment: equity method 59  58 
Other assets 335  321 
Total Assets $5,253  $4,556 
     
Liabilities and Stockholders' Equity    
Current liabilities:    
Short-term debt, net $  $136  
Accounts payable   763     834  
Payables to related parties   215     207  
Accrued liabilities   837     783  
Other current liabilities   49     24  
Total current liabilities   1,864     1,984  
Long-term debt, net   872     1,114  
Long-term operating lease liabilities   201      
Other long-term liabilities   140     192  
         
Stockholders' equity:        
Capital stock:        
Common stock, par value   11     10  
Additional paid-in capital   9,490     8,750  
Treasury stock, at cost   (53 )   (50 )
Accumulated deficit   (7,265 )   (7,436 )
Accumulated other comprehensive loss   (7 )   (8 )
Total Stockholders' equity   $ 2,176     $ 1,266  
Total Liabilities and Stockholders' Equity   $ 5,253     $ 4,556  
         
(1) During the first quarter of 2019, the Company adopted the new lease accounting standard, ASC 842, Leases, which resulted
  in an increase to assets and liabilities for leases primarily related to office buildings. The adoption of this standard had no 
  impact to the Company's results of operations or statement of cash flows.
(2) During the second quarter of 2019, GLOBALFOUNDRIES Inc. (GF) ceased being a related party of the Company. All
  prior period GF related party balances have been reclassified to conform to the current period presentation.

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