Advanced Micro Devices (AMD) FY2014 results: revenue $5.5 billion, up 3.9% on the year
Advanced Micro Devices Inc. (AMD) reported revenue of $5.5 billion for fiscal 2014, the year ended 27 December 2014, up 3.9% on the year before. Net income was -$403 million, and diluted earnings per share $-0.53. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2015.
Revenue
$5.5 billion
+3.9% on the year
FY2008FY2014
Operating margin
-2.8%
1.9% a year earlier
FY2008FY2014
Net income
-$403 million
FY2008FY2014
Diluted EPS
-$0.53
FY2008FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
5,506
5,299
5,422
+3.9%
Cost of revenue
3,667
3,321
4,187
+10.4%
Gross profit
1,839
1,978
1,235
-7.0%
Gross margin
33.4%
37.3%
22.8%
Research and development
1,072
1,201
1,354
-10.7%
Selling, general and administrative
604
674
823
-10.4%
Operating income
-155
103
-1,056
Operating margin
-2.8%
1.9%
-19.5%
Interest expense
177
177
175
0.0%
Pre-tax income
-398
-74.0
-1,217
Income tax
5.0
9.0
-34.0
-44.4%
Net income
-403
-83.0
-1,183
Net margin
-7.3%
-1.6%
-21.8%
Diluted EPS
-$0.53
-$0.11
-$1.60
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
-98.0
-148
-338
Capital expenditure
95.0
84.0
133
+13.1%
Free cash flow
-193
-232
-471
Free cash flow margin
-3.5%
-4.4%
-8.7%
Cash from investing
-12.0
455
-19.0
Cash from financing
46.0
13.0
37.0
+253.8%
Depreciation and amortisation
203
236
260
-14.0%
Share-based compensation
81.0
91.0
97.0
-11.0%
Diluted shares, weighted
768m
754m
741m
+1.9%
Shares outstanding at period end
776m
725m
713m
+7.0%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
187
544
538
-65.6%
Debt
2,212
2,058
2,019
+7.5%
Other liabilities
1,368
1,735
1,443
-21.2%
Total liabilities and equity
3,767
4,337
4,000
-13.1%
Fixed assets
302
346
658
-12.7%
Goodwill
320
553
553
-42.1%
Intangible assets
65.0
78.0
96.0
-16.7%
Investments
235
318
634
-26.1%
Cash and equivalents
805
869
549
-7.4%
Receivables
818
832
630
-1.7%
Inventory
685
884
562
-22.5%
Other assets
537
457
318
+17.5%
Total assets
3,767
4,337
4,000
-13.1%
10-K for the year ended 27 December 2014, filed 19 February 2015: the filing.