AMD Reports First Quarter 2022 Financial Results

(1)

During the first quarter of 2021, the Company adopted ASU 2019-12, Income Taxes (Topic 740): Simplifying the Accounting for Income Taxes, using the modified retrospective adoption method, which resulted in $8 million of deferred tax liability associated with book-tax differences in a foreign equity method investment recognized in Accumulated deficit.

ADVANCED MICRO DEVICES, INC.
SELECTED CASH FLOW INFORMATION
(Millions) (Unaudited)

	Three Months Ended
	March 26, 2022			December 25, 2021			March 27, 2021
Net cash provided by (used in)
Operating activities	$	995		$	822		$	898
Investing activities	$	3,158		$	—		$	(722	)
Financing activities	$	(1,948	)	$	(727	)	$	(8	)

SELECTED CORPORATE DATA
(Millions) (Unaudited)

	Three Months Ended
	March 26, 2022			December 25, 2021			March 27, 2021
Segment and Category Information ⁽¹⁾
Computing and Graphics
Net revenue	$	2,802		$	2,584		$	2,100
Operating income	$	723		$	566		$	485
Enterprise, Embedded and Semi-Custom
Net revenue	$	2,526		$	2,242		$	1,345
Operating income	$	881		$	762		$	277
Xilinx
Net revenue	$	559		$	—		$	—
Operating income	$	233		$	—		$	—
All Other
Net revenue	$	—		$	—		$	—
Operating loss	$	(886	)	$	(121	)	$	(100	)
Total
Net revenue	$	5,887		$	4,826		$	3,445
Operating income	$	951		$	1,207		$	662


Other Data
Capital expenditures	$	71		$	86		$	66
Adjusted EBITDA ⁽²⁾	$	1,967		$	1,446		$	857
Cash, cash equivalents and short-term investments	$	6,532		$	3,608		$	3,116
Free cash flow ⁽³⁾	$	924		$	736		$	832
Total assets	$	66,915		$	12,419		$	10,047
Total debt	$	1,787		$	313		$	313

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