Advanced Micro Devices (AMD) FY2011 results: revenue $6.6 billion, up 1.1% on the year
Advanced Micro Devices Inc. (AMD) reported revenue of $6.6 billion for fiscal 2011, the year ended 31 December 2011, up 1.1% on the year before. Net income was $491 million, up 4.2%, and diluted earnings per share $0.66. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2013.
Revenue
$6.6 billion
+1.1% on the year
FY2008FY2011
Operating margin
5.6%
13.1% a year earlier
FY2008FY2011
Net income
$491 million
+4.2% on the year
FY2008FY2011
Diluted EPS
$0.66
+3.1% on the year
FY2008FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
6,568
6,494
5,403
+1.1%
Cost of revenue
3,628
3,533
3,131
+2.7%
Gross profit
2,940
2,961
2,272
-0.7%
Gross margin
44.8%
45.6%
42.1%
Research and development
1,453
1,405
1,721
+3.4%
Selling, general and administrative
992
934
994
+6.2%
Operating income
368
848
664
-56.6%
Operating margin
5.6%
13.1%
12.3%
Interest expense
180
199
438
-9.5%
Pre-tax income
491
509
408
-3.5%
Income tax
-4.0
38.0
112
Effective tax rate
-0.8%
7.5%
27.5%
Net income
491
471
304
+4.2%
Net margin
7.5%
7.3%
5.6%
Diluted EPS
$0.66
$0.64
$0.45
+3.1%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
382
-412
473
Capital expenditure
250
148
466
+68.9%
Free cash flow
132
-560
7.0
Free cash flow margin
2.0%
-8.6%
0.1%
Cash from investing
-113
-1,123
-1,273
Cash from financing
-6.0
484
1,524
Depreciation and amortisation
317
383
1,128
-17.2%
Share-based compensation
90.0
87.0
75.0
+3.4%
Diluted shares, weighted
742m
733m
678m
+1.2%
Shares outstanding at period end
698m
683m
671m
+2.2%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
1,590
1,013
648
+57.0%
Non-controlling interest
0.0
n/a
1,076
Debt
2,065
2,421
4,252
-14.7%
Other liabilities
1,299
1,530
3,102
-15.1%
Total liabilities and equity
4,954
4,964
9,078
-0.2%
Fixed assets
726
700
3,809
+3.7%
Goodwill
323
323
323
0.0%
Intangible assets
8.0
37.0
98.0
-78.4%
Investments
1,045
1,183
1,019
-11.7%
Cash and equivalents
869
606
1,657
+43.4%
Receivables
919
968
745
-5.1%
Inventory
476
632
567
-24.7%
Other assets
588
515
860
+14.2%
Total assets
4,954
4,964
9,078
-0.2%
10-K for the year ended 31 December 2011, filed 21 February 2013: the filing.