Advanced Micro Devices (AMD) FY2016 results: revenue $4.3 billion, up 8.2% on the year
Advanced Micro Devices Inc. (AMD) reported revenue of $4.3 billion for fiscal 2016, the year ended 31 December 2016, up 8.2% on the year before. Net income was -$498 million, and diluted earnings per share $-0.60. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2019.
Revenue
$4.3 billion
+8.2% on the year
FY2009FY2016
Operating margin
-8.6%
-12.1% a year earlier
FY2009FY2016
Net income
-$498 million
FY2009FY2016
Diluted EPS
-$0.60
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
4,319
3,991
5,506
+8.2%
Cost of revenue
3,316
2,911
3,667
+13.9%
Gross profit
1,003
1,080
1,839
-7.1%
Gross margin
23.2%
27.1%
33.4%
Research and development
1,008
947
1,072
+6.4%
Selling, general and administrative
466
482
604
-3.3%
Operating income
-373
-481
-155
Operating margin
-8.6%
-12.1%
-2.8%
Interest expense
156
160
177
-2.5%
Pre-tax income
-459
-646
-398
Income tax
39.0
14.0
5.0
+178.6%
Net income
-498
-660
-403
Net margin
-11.5%
-16.5%
-7.3%
Diluted EPS
-$0.60
-$0.84
-$0.53
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
81.0
-226
-98.0
Capital expenditure
77.0
96.0
95.0
-19.8%
Free cash flow
4.0
-322
-193
Free cash flow margin
0.1%
-8.1%
-3.5%
Cash from investing
277
147
-12.0
+88.4%
Cash from financing
122
59.0
46.0
+106.8%
Depreciation and amortisation
133
167
203
-20.4%
Share-based compensation
86.0
63.0
81.0
+36.5%
Diluted shares, weighted
835m
783m
768m
+6.6%
Shares outstanding at period end
935m
792m
776m
+18.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
477
-350
187
Short-term borrowings
0.0
230
n/a
Debt
1,435
2,237
2,212
-35.9%
Other liabilities
1,409
967
1,368
+45.7%
Total liabilities and equity
3,321
3,084
3,767
+7.7%
Fixed assets
164
188
302
-12.8%
Goodwill
289
278
320
+4.0%
Intangible assets
n/a
0.0
65.0
Investments
0.0
0.0
235
Cash and equivalents
1,264
785
805
+61.0%
Receivables
372
533
818
-30.2%
Inventory
691
678
685
+1.9%
Other assets
541
622
537
-13.0%
Total assets
3,321
3,084
3,767
+7.7%
10-K for the year ended 31 December 2016, filed 8 February 2019: the filing.