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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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AMD, the AMD Arrow logo, EPYC, Radeon, Ryzen, Instinct, Threadripper and combinations thereof, are trademarks of Advanced Micro Devices, Inc. Other names are for informational purposes only and used to identify companies and products and may be trademarks of their respective owner.
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