Advanced Micro Devices (AMD) FY2018 results: revenue $6.5 billion, up 23.3% on the year
Advanced Micro Devices Inc. (AMD) reported revenue of $6.5 billion for fiscal 2018, the year ended 29 December 2018, up 23.3% on the year before. Net income was $337 million, and diluted earnings per share $0.32. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2019.
Revenue
$6.5 billion
+23.3% on the year
FY2011FY2018
Operating margin
7.0%
2.4% a year earlier
FY2011FY2018
Net income
$337 million
FY2011FY2018
Diluted EPS
$0.32
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
6,475
5,253
4,319
+23.3%
Cost of revenue
4,028
3,466
3,316
+16.2%
Gross profit
2,447
1,787
1,003
+36.9%
Gross margin
37.8%
34.0%
23.2%
Research and development
1,434
1,196
1,008
+19.9%
Selling, general and administrative
562
516
466
+8.9%
Operating income
451
127
-373
+255.1%
Operating margin
7.0%
2.4%
-8.6%
Interest expense
121
126
156
-4.0%
Pre-tax income
328
-15.0
-459
Income tax
-9.0
18.0
39.0
Effective tax rate
-2.7%
n/a
n/a
Net income
337
-33.0
-498
Net margin
5.2%
-0.6%
-11.5%
Diluted EPS
$0.32
-$0.03
-$0.60
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
34.0
12.0
81.0
+183.3%
Capital expenditure
163
113
77.0
+44.2%
Free cash flow
-129
-101
4.0
Free cash flow margin
-2.0%
-1.9%
0.1%
Cash from investing
-170
-54.0
277
Cash from financing
28.0
-33.0
122
Depreciation and amortisation
170
144
133
+18.1%
Share-based compensation
137
97.0
86.0
+41.2%
Diluted shares, weighted
1,064m
952m
835m
+11.8%
Shares outstanding at period end
1,005m
967m
935m
+3.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,266
596
477
+112.4%
Short-term borrowings
n/a
n/a
0.0
Debt
1,250
1,395
1,435
-10.4%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
2,040
1,561
1,409
+30.7%
Total liabilities and equity
4,556
3,552
3,321
+28.3%
Fixed assets
348
261
164
+33.3%
Goodwill
289
289
289
0.0%
Investments
78.0
0.0
0.0
Cash and equivalents
1,078
1,185
1,264
-9.0%
Receivables
1,235
454
372
+172.0%
Inventory
845
694
691
+21.8%
Other assets
683
669
541
+2.1%
Total assets
4,556
3,552
3,321
+28.3%
10-K for the year ended 29 December 2018, filed 8 February 2019: the filing.