Advanced Micro Devices (AMD) FY2017 results: revenue $5.3 billion, up 21.6% on the year
Advanced Micro Devices Inc. (AMD) reported revenue of $5.3 billion for fiscal 2017, the year ended 30 December 2017, up 21.6% on the year before. Net income was -$33 million, and diluted earnings per share $-0.03. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2019.
Revenue
$5.3 billion
+21.6% on the year
FY2010FY2017
Operating margin
2.4%
-8.6% a year earlier
FY2010FY2017
Net income
-$33 million
FY2010FY2017
Diluted EPS
-$0.03
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
5,253
4,319
3,991
+21.6%
Cost of revenue
3,466
3,316
2,911
+4.5%
Gross profit
1,787
1,003
1,080
+78.2%
Gross margin
34.0%
23.2%
27.1%
Research and development
1,196
1,008
947
+18.7%
Selling, general and administrative
516
466
482
+10.7%
Operating income
127
-373
-481
Operating margin
2.4%
-8.6%
-12.1%
Interest expense
126
156
160
-19.2%
Pre-tax income
-15.0
-459
-646
Income tax
18.0
39.0
14.0
-53.8%
Net income
-33.0
-498
-660
Net margin
-0.6%
-11.5%
-16.5%
Diluted EPS
-$0.03
-$0.60
-$0.84
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
12.0
81.0
-226
-85.2%
Capital expenditure
113
77.0
96.0
+46.8%
Free cash flow
-101
4.0
-322
Free cash flow margin
-1.9%
0.1%
-8.1%
Cash from investing
-54.0
277
147
Cash from financing
-33.0
122
59.0
Depreciation and amortisation
144
133
167
+8.3%
Share-based compensation
97.0
86.0
63.0
+12.8%
Diluted shares, weighted
952m
835m
783m
+14.0%
Shares outstanding at period end
967m
935m
792m
+3.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
596
477
-350
+24.9%
Short-term borrowings
n/a
0.0
230
Debt
1,395
1,435
2,237
-2.8%
Other liabilities
1,561
1,409
967
+10.8%
Total liabilities and equity
3,552
3,321
3,084
+7.0%
Fixed assets
261
164
188
+59.1%
Goodwill
289
289
278
0.0%
Intangible assets
n/a
n/a
0.0
Investments
0.0
0.0
0.0
Cash and equivalents
1,185
1,264
785
-6.2%
Receivables
454
372
533
+22.0%
Inventory
694
691
678
+0.4%
Other assets
669
541
622
+23.7%
Total assets
3,552
3,321
3,084
+7.0%
10-K for the year ended 30 December 2017, filed 8 February 2019: the filing.