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ADVANCED MICRO DEVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Millions except per share amounts and percentages) (Unaudited) | ||||||||||||||||||||
| Three Months Ended | Year Ended | |||||||||||||||||||
| December 25,
2021 | September 25,
2021 | December 26,
2020 | December 25,
2021 | December 26,
2020 | ||||||||||||||||
| Net revenue | $ | 4,826 | $ | 4,313 | $ | 3,244 | $ | 16,434 | $ | 9,763 | ||||||||||
| Cost of sales | 2,400 | 2,227 | 1,793 | 8,505 | 5,416 | |||||||||||||||
| Gross profit | 2,426 | 2,086 | 1,451 | 7,929 | 4,347 | |||||||||||||||
| Gross margin % | 50 | % | 48 | % | 45 | % | 48 | % | 45 | % | ||||||||||
| Research and development | 811 | 765 | 573 | 2,845 | 1,983 | |||||||||||||||
| Marketing, general and administrative | 412 | 376 | 308 | 1,448 | 995 | |||||||||||||||
| Licensing gain | (4 | ) | (3 | ) | — | (12 | ) | — | ||||||||||||
| Operating income | 1,207 | 948 | 570 | 3,648 | 1,369 | |||||||||||||||
| Interest expense | (8 | ) | (7 | ) | (9 | ) | (34 | ) | (47 | ) | ||||||||||
| Other income (expense), net | 4 | 62 | (15 | ) | 55 | (47 | ) | |||||||||||||
| Income before income taxes and equity income | 1,203 | 1,003 | 546 | 3,669 | 1,275 | |||||||||||||||
| Income tax provision | 229 | 82 | (1,232 | ) | 513 | (1,210 | ) | |||||||||||||
| Equity income in investee | — | 2 | 3 | 6 | 5 | |||||||||||||||
| Net Income | $ | 974 | $ | 923 | $ | 1,781 | $ | 3,162 | $ | 2,490 | ||||||||||
| Earnings per share | ||||||||||||||||||||
| Basic | $ | 0.81 | $ | 0.76 | $ | 1.48 | $ | 2.61 | $ | 2.10 | ||||||||||
| Diluted | $ | 0.80 | $ | 0.75 | $ | 1.45 | $ | 2.57 | $ | 2.06 | ||||||||||
| Shares used in per share calculation | ||||||||||||||||||||
| Basic | 1,208 | 1,214 | 1,205 | 1,213 | 1,184 | |||||||||||||||
| Diluted | 1,222 | 1,230 | 1,226 | 1,229 | 1,207 | |||||||||||||||
AMD Reports Fourth Quarter and Full Year 2021 Financial Results
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