Advanced Micro Devices (AMD) FY2015 results: revenue $4.0 billion, down 27.5% on the year
Advanced Micro Devices Inc. (AMD) reported revenue of $4.0 billion for fiscal 2015, the year ended 26 December 2015, down 27.5% on the year before. Net income was -$660 million, and diluted earnings per share $-0.84. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2016.
Revenue
$4.0 billion
-27.5% on the year
FY2008FY2015
Operating margin
-12.1%
-2.8% a year earlier
FY2008FY2015
Net income
-$660 million
FY2008FY2015
Diluted EPS
-$0.84
FY2008FY2015
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Revenue
3,991
5,506
5,299
-27.5%
Cost of revenue
2,911
3,667
3,321
-20.6%
Gross profit
1,080
1,839
1,978
-41.3%
Gross margin
27.1%
33.4%
37.3%
Research and development
947
1,072
1,201
-11.7%
Selling, general and administrative
482
604
674
-20.2%
Operating income
-481
-155
103
Operating margin
-12.1%
-2.8%
1.9%
Interest expense
160
177
177
-9.6%
Pre-tax income
-646
-398
-74.0
Income tax
14.0
5.0
9.0
+180.0%
Net income
-660
-403
-83.0
Net margin
-16.5%
-7.3%
-1.6%
Diluted EPS
-$0.84
-$0.53
-$0.11
$ 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
FY2015
FY2014
FY2013
On the year
Last 8 years
Operating cash flow
-226
-98.0
-148
Capital expenditure
96.0
95.0
84.0
+1.1%
Free cash flow
-322
-193
-232
Free cash flow margin
-8.1%
-3.5%
-4.4%
Cash from investing
147
-12.0
455
Cash from financing
59.0
46.0
13.0
+28.3%
Depreciation and amortisation
167
203
236
-17.7%
Share-based compensation
63.0
81.0
91.0
-22.2%
Diluted shares, weighted
783m
768m
754m
+2.0%
Shares outstanding at period end
792m
776m
725m
+2.1%
Balance sheet
$ million
FY2015
FY2014
FY2013
On the year
Last 8 years
Shareholders' equity
-350
187
544
Short-term borrowings
230
n/a
n/a
Debt
2,237
2,212
2,058
+1.1%
Other liabilities
967
1,368
1,735
-29.3%
Total liabilities and equity
3,084
3,767
4,337
-18.1%
Fixed assets
188
302
346
-37.7%
Goodwill
278
320
553
-13.1%
Intangible assets
0.0
65.0
78.0
Investments
0.0
235
318
Cash and equivalents
785
805
869
-2.5%
Receivables
533
818
832
-34.8%
Inventory
678
685
884
-1.0%
Other assets
622
537
457
+15.8%
Total assets
3,084
3,767
4,337
-18.1%
10-K for the year ended 26 December 2015, filed 18 February 2016: the filing.