AMD 2015 Annual Report Download - page 76

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Advanced Micro Devices, Inc.
Consolidated Statements of Cash Flows
Year Ended
December 26,
2015
December 27,
2014
December 28,
2013
(In millions)
Cash flows from operating activities:
Net loss ..................................................... $(660) $ (403) $ (83)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization ............................... 167 203 236
Net loss on disposal of property, plant and equipment ............ — — 31
Stock-based compensation expense ........................... 63 81 91
Non-cash interest expense .................................. 11 17 25
Goodwill impairment charge ................................ — 233 —
Restructuring and other special charges, net .................... 83 14 —
Net loss on debt redemptions ................................ — 61 1
Other ................................................... (3) (13) (1)
Changes in operating assets and liabilities:
Accounts receivable ....................................... 280 7 (200)
Inventories .............................................. (11) 199 (322)
Prepayments and other—GLOBALFOUNDRIES ............... 84 (113) —
Prepaid expenses and other assets ............................ (111) (7) (103)
Accounts payables, accrued liabilities and other ................. (156) (231) 266
Payable to GLOBALFOUNDRIES ........................... 27 (146) (89)
Net cash used in operating activities .................................. (226) (98) (148)
Cash flows from investing activities:
Purchases of available-for-sale securities (227) (790) (1,043)
Purchases of property, plant and equipment (96) (95) (84)
Proceeds from sales and maturities of available-for-sale securities ...... 462 873 1,344
Proceeds from sale of property, plant and equipment ................. 8 — 238
Net cash provided by (used in) investing activities ....................... 147 (12) 455
Cash flows from financing activities:
Proceeds from borrowings, net .................................. 100 1,155 55
Proceeds from issuance of common stock .......................... 5 4 3
Repayments of long-term debt and capital lease obligations ............ (44) (1,115) (55)
Other ....................................................... (2) 2 10
Net cash provided by financing activities .............................. 59 46 13
Net increase (decrease) in cash and cash equivalents ..................... (20) (64) 320
Cash and cash equivalents at beginning of year ......................... 805 869 549
Cash and cash equivalents at end of year ............................... $785 $ 805 $ 869
Supplemental disclosures of cash flow information:
Cash paid during the year for: ...................................
Interest ................................................. $149 $ 138 $ 152
Income taxes ............................................ $ 3 $ 7 $ 9
See accompanying notes to consolidated financial statements.
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