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Advanced Micro Devices, Inc.
Consolidated Statements of Cash Flows
Year Ended
December 27,
2014
December 28,
2013
December 29,
2012
(In millions)
Cash flows from operating activities:
Net loss ..................................................... $ (403) $ (83) $(1,183)
Adjustments to reconcile net loss to net cash used in operating activities:
Non-cash portion of the limited waiver of exclusivity from
GLOBALFOUNDRIES .................................. — — 278
Depreciation and amortization ............................... 203 236 260
Net loss on disposal of property, plant and equipment ............ — 31 1
Deferred income taxes ..................................... — 1 (40)
Stock-based compensation expense ........................... 81 91 97
Non-cash interest expense .................................. 17 25 23
Goodwill impairment charge ................................ 233 — —
Restructuring and other special charges, net .................... 14 — 4
Net loss on debt redemptions ................................ 61 1 —
Other ................................................... (13) (2) 2
Changes in operating assets and liabilities:
Accounts receivable ....................................... 7 (200) 290
Inventories .............................................. 199 (322) (83)
Prepayments to GLOBALFOUNDRIES ....................... (113) — —
Prepaid expenses and other assets ............................ (7) (103) (32)
Accounts payables, accrued liabilities and other ................. (231) 266 (232)
Payable to GLOBALFOUNDRIES ........................... (146) (89) 277
Net cash used in operating activities .................................. (98) (148) (338)
Cash flows from investing activities:
Acquisition of SeaMicro, Inc., net of cash acquired .................. — — (281)
Purchases of available-for-sale securities .......................... (790) (1,043) (944)
Purchases of property, plant and equipment ........................ (95) (84) (133)
Proceeds from sales and maturities of available-for-sale securities ...... 873 1,344 1,348
Proceeds from sale of property, plant and equipment ................. — 238 —
Other ....................................................... — — (9)
Net cash provided by (used in) investing activities ....................... (12) 455 (19)
Cash flows from financing activities:
Proceeds from borrowings, net .................................. 1,155 55 491
Proceeds from issuance of common stock .......................... 4 3 14
Net proceeds from grants and allowances .......................... 8 11 23
Repayments of long-term debt and capital lease obligations ............ (1,115) (55) (489)
Other ....................................................... (6) (1) (2)
Net cash provided by financing activities .............................. 46 13 37
Net increase (decrease) in cash and cash equivalents ..................... (64) 320 (320)
Cash and cash equivalents at beginning of year ......................... 869 549 869
Cash and cash equivalents at end of year ............................... $ 805 $ 869 $ 549
Supplemental disclosures of cash flow information:
Cash paid during the year for:
Interest ................................................. $ 138 $ 152 $ 142
Income taxes ............................................ $ 7 $ 9 $ 9
See accompanying notes to consolidated financial statements.
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