Advanced Micro Devices (AMD) FY2023 results: revenue $22.7 billion, down 3.9% on the year
Advanced Micro Devices Inc. (AMD) reported revenue of $22.7 billion for fiscal 2023, the year ended 30 December 2023, down 3.9% on the year before. Net income was $854 million, down 35.3%, and diluted earnings per share $0.53. The figures are the company's own, from the 10-K it filed with the SEC on 31 January 2024.
Revenue
$22.7 billion
-3.9% on the year
FY2016FY2023
Operating margin
1.8%
5.4% a year earlier
FY2016FY2023
Net income
$854 million
-35.3% on the year
FY2016FY2023
Diluted EPS
$0.53
-36.9% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
1,667
3,565
3,521
-53.2%
Capital expenditure
546
450
301
+21.3%
Free cash flow
1,121
3,115
3,220
-64.0%
Free cash flow margin
4.9%
13.2%
19.6%
Cash from investing
-1,423
1,999
686
Cash from financing
-1,146
-3,264
1,895
Depreciation and amortisation
3,241
n/a
n/a
Share-based compensation
1,384
1,081
379
+28.0%
Buybacks
985
3,702
1,762
-73.4%
Diluted shares, weighted
1,625m
1,571m
1,229m
+3.4%
Shares outstanding at period end
1,616m
1,612m
1,207m
+0.2%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
55,892
54,750
7,497
+2.1%
Debt
2,468
2,467
313
+0.0%
Operating lease liabilities
535
396
348
+35.1%
Other liabilities
8,990
9,967
4,261
-9.8%
Total liabilities and equity
67,885
67,580
12,419
+0.5%
Fixed assets
1,589
1,513
702
+5.0%
Goodwill
24,262
24,177
289
+0.4%
Intangible assets
21,363
24,118
0.0
-11.4%
Investments
1,840
1,020
1,073
+80.4%
Cash and equivalents
3,933
4,835
2,535
-18.7%
Receivables
4,323
4,126
2,706
+4.8%
Inventory
4,351
3,771
1,955
+15.4%
Other assets
6,224
4,020
3,159
+54.8%
Total assets
67,885
67,580
12,419
+0.5%
10-K for the year ended 30 December 2023, filed 31 January 2024: the filing.