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Advanced Micro Devices, Inc.
Consolidated Statements of Cash Flows
Year Ended
December 28,
2013
December 29,
2012
December 31,
2011
(In millions)
Cash flows from operating activities:
Net income (loss) ............................................. $ (83) $(1,183) $ 491
Adjustments to reconcile net income (loss) to net cash provided by (used
in) operating activities:
Non-cash portion of the limited waiver of exclusivity from
GLOBALFOUNDRIES .................................. — 278 —
Dilution gain in investee ................................... — — (492)
Impairment related to the GLOBALFOUNDRIES investment ...... — — 209
Depreciation and amortization ............................... 236 260 317
Net (gain) loss on disposal of property, plant and equipment ....... 31 1 (5)
Deferred income taxes ..................................... 1 (40) (6)
Stock-based compensation expense ........................... 91 97 90
Non-cash interest expense .................................. 25 23 21
Other ................................................... (1) 6 9
Changes in operating assets and liabilities:
Accounts receivable ....................................... (200) 290 (347)
Inventories .............................................. (322) (83) 157
Prepaid expenses and other current assets ...................... (11) (20) 115
Other assets ............................................. (92) (12) (1)
Accounts payables, accrued liabilities and other ................. 266 (232) (148)
Payable to GLOBALFOUNDRIES ........................... (89) 277 (28)
Net cash provided by (used in) operating activities ....................... (148) (338) 382
Cash flows from investing activities:
Acquisition of SeaMicro, Inc., net of cash acquired .................. — (281) —
Purchases of available-for-sale securities .......................... (1,043) (944) (1,586)
Purchases of property, plant and equipment ........................ (84) (133) (250)
Proceeds from sale and maturity of available-for-sale securities ........ 1,344 1,348 1,726
Proceeds from sale of property, plant and equipment ................. 238 — 16
Other ....................................................... — (9) (19)
Net cash provided by (used in) investing activities ....................... 455 (19) (113)
Cash flows from financing activities:
Proceeds from borrowings of Secured Revolving Line of Credit, net ..... 55 — —
Proceeds from borrowings, net of issuance cost ..................... — 491 170
Proceeds from issuance of common stock .......................... 3 14 18
Net proceeds from grants and allowances .......................... 11 23 20
Repayments of long-term debt and capital lease obligations ............ (55) (489) (209)
Other ....................................................... (1) (2) (5)
Net cash provided by (used in) financing activities ....................... 13 37 (6)
Net increase (decrease) in cash and cash equivalents ..................... 320 (320) 263
Cash and cash equivalents at beginning of year ......................... 549 869 606
Cash and cash equivalents at end of year ............................... $ 869 $ 549 $ 869
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest ................................................. $ 152 $ 142 $ 152
Income taxes ............................................ $ 9 $ 9 $ 9
See accompanying notes to consolidated financial statements.
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