Advanced Micro Devices (AMD) FY2013 results: revenue $5.3 billion, down 2.3% on the year
Advanced Micro Devices Inc. (AMD) reported revenue of $5.3 billion for fiscal 2013, the year ended 28 December 2013, down 2.3% on the year before. Net income was -$83 million, and diluted earnings per share $-0.11. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2014.
Revenue
$5.3 billion
-2.3% on the year
FY2008FY2013
Operating margin
1.9%
-19.5% a year earlier
FY2008FY2013
Net income
-$83 million
FY2008FY2013
Diluted EPS
-$0.11
FY2008FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
5,299
5,422
6,568
-2.3%
Cost of revenue
3,321
4,187
3,628
-20.7%
Gross profit
1,978
1,235
2,940
+60.2%
Gross margin
37.3%
22.8%
44.8%
Research and development
1,201
1,354
1,453
-11.3%
Selling, general and administrative
674
823
992
-18.1%
Operating income
103
-1,056
368
Operating margin
1.9%
-19.5%
5.6%
Interest expense
177
175
180
+1.1%
Pre-tax income
-74.0
-1,217
491
Income tax
9.0
-34.0
-4.0
Effective tax rate
n/a
n/a
-0.8%
Net income
-83.0
-1,183
491
Net margin
-1.6%
-21.8%
7.5%
Diluted EPS
-$0.11
-$1.60
$0.66
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
-148
-338
382
Capital expenditure
84.0
133
250
-36.8%
Free cash flow
-232
-471
132
Free cash flow margin
-4.4%
-8.7%
2.0%
Cash from investing
455
-19.0
-113
Cash from financing
13.0
37.0
-6.0
-64.9%
Depreciation and amortisation
236
260
317
-9.2%
Share-based compensation
91.0
97.0
90.0
-6.2%
Diluted shares, weighted
754m
741m
742m
+1.8%
Shares outstanding at period end
725m
713m
698m
+1.7%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
544
538
1,590
+1.1%
Non-controlling interest
n/a
n/a
0.0
Debt
2,058
2,019
2,065
+1.9%
Other liabilities
1,735
1,443
1,299
+20.2%
Total liabilities and equity
4,337
4,000
4,954
+8.4%
Fixed assets
346
658
726
-47.4%
Goodwill
553
553
323
0.0%
Intangible assets
78.0
96.0
8.0
-18.8%
Investments
318
634
1,045
-49.8%
Cash and equivalents
869
549
869
+58.3%
Receivables
832
630
919
+32.1%
Inventory
884
562
476
+57.3%
Other assets
457
318
588
+43.7%
Total assets
4,337
4,000
4,954
+8.4%
10-K for the year ended 28 December 2013, filed 18 February 2014: the filing.