|
ADVANCED MICRO DEVICES, INC. | | | |
|
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS | | | |
|
(Millions) | | | |
| | Three Months Ended | | Nine Months Ended |
| | September 30,
2017 | | September 30,
2017 |
| | | | |
|
Cash flows from operating activities: | | | |
| Net Income (loss) | $ | 71 | | | $ | (18 | ) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities: | | | |
| Depreciation and amortization | | 36 | | | | 105 | |
| Stock-based compensation expense | | 29 | | | | 76 | |
| Non-cash interest expense | | 9 | | | | 27 | |
| Loss on debt redemption | | 2 | | | | 9 | |
| Other | | 3 | | | | 4 | |
| Changes in operating assets and liabilities: | | | |
| Accounts receivable | | (157 | ) | | | (460 | ) |
| Inventories | | 39 | | | | (43 | ) |
| Prepayment and other receivables - related parties | | (16 | ) | | | 6 | |
| Prepaid expenses and other assets | | (26 | ) | | | (82 | ) |
| Payables to related parties | | 70 | | | | 61 | |
| Accounts payable, accrued liabilities and other | | 6 | | | | - | |
|
Net cash provided by (used in) operating activities |
$ |
66 | |
|
$ |
(315 |
) |
|
|
|
|
|
|
Cash flows from investing activities: | | | |
| Purchases of property, plant and equipment | | (34 | ) | | | (69 | ) |
| Purchases of available-for-sale securities | | - | | | | (221 | ) |
| Proceeds from maturity of available-for-sale securities | | 85 | | | | 221 | |
| Other | | - | | | | (2 | ) |
|
Net cash provided by (used in) investing activities |
$ |
51 | |
|
$ |
(71 |
) |
| | | | |
|
Cash flows from financing activities: | | | |
| Proceeds from borrowings, net | | 28 | | | | 70 | |
| Proceeds from issuance of common stock under stock-based compensation equity plans | | 5 | | | | 15 | |
| Repayments of long-term debt | | (28 | ) | | | (70 | ) |
| Other | | (3 | ) | | | (14 | ) |
|
Net cash provided by financing activities |
$ |
2 | |
|
$ |
1 | |
| Net increase (decrease) in cash and cash equivalents | | 119 | | | | (385 | ) |
|
Cash and cash equivalents at beginning of period |
$ |
760 | |
|
$ |
1,264 | |
|
Cash and cash equivalents at end of period |
$ |
879 | |
|
$ |
879 | |
