Payments for Repurchase of Common Stock

[Table of Contents](#i43c0112b46aa4245817525f4da15c00d_7)Advanced Micro Devices, Inc.Condensed Consolidated Statements of Cash Flows(Unaudited)  


|  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |
|   | Three Months Ended |
|   | March 26,2022 |  | March 27,2021 |
|   | (In millions) |
| Cash flows from operating activities: |  |  |  |
| Net income | $ | 786  |  |  | $ | 555  |  |
| Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |
| Depreciation and amortization | 609  |  |  | 95  |  |
| Stock-based compensation  | 199  |  |  | 85  |  |
|  |  |  |  |
| Amortization of operating lease right-of-use assets | 19  |  |  | 12  |  |
| Amortization of inventory fair value adjustment | 89  |  |  | —  |  |
| Loss on debt redemption, repurchase and conversion | —  |  |  | 6  |  |
| Loss on sale or disposal of property and equipment | 15  |  |  | 8  |  |
| Deferred income taxes | (342) |  |  | 73  |  |
| (Gains) losses on equity investments, net | 44  |  |  | 8  |  |
| Other | (2) |  |  | (1) |  |
| Changes in operating assets and liabilities |  |  |  |
| Accounts receivable, net | (672) |  |  | (112) |  |
| Inventories | (26) |  |  | (254) |  |
| Receivables from related parties | (1) |  |  | 3  |  |
| Prepaid expenses and other assets | (260) |  |  | 33  |  |
| Payables to related parties | 121  |  |  | (38) |  |
| Accounts payable | 4  |  |  | 466  |  |
| Accrued liabilities and other | 412  |  |  | (41) |  |
| Net cash provided by operating activities | 995  |  |  | 898  |  |
| Cash flows from investing activities: |  |  |  |
| Purchases of property and equipment | (71) |  |  | (66) |  |
| Purchases of short-term investments | (100) |  |  | (858) |  |
| Proceeds from maturity of short-term investments | 964  |  |  | 200  |  |
| Cash received from acquisition of Xilinx | 2,366  |  |  | —  |  |
| Other | (1) |  |  | 2  |  |
| Net cash provided by (used in) investing activities | 3,158  |  |  | (722) |  |
| Cash flows from financing activities: |  |  |  |
|  |  |  |  |
|  |  |  |  |
| Proceeds from sales of common stock through employee equity plans | 2  |  |  | 2  |  |
| Repurchases of common stock | (1,914) |  |  | —  |  |
| Common stock repurchases for tax withholding on employee equity plans | (35) |  |  | (10) |  |
| Other | (1) |  |  | —  |  |
| Net cash used in financing activities | (1,948) |  |  | (8) |  |
| Net increase in cash, cash equivalents, and restricted cash | 2,205  |  |  | 168  |  |
| Cash, cash equivalents, and restricted cash at beginning of period | 2,535  |  |  | 1,595  |  |
| Cash, cash equivalents, and restricted cash at end of period | $ | 4,740  |  |  | $ | 1,763  |  |
| Supplemental cash flow information: |  |  |  |
| Non-cash investing and financing activities: |  |  |  |
| Purchases of property and equipment, accrued but not paid | $ | 67  |  |  | $ | 34  |  |
| Issuance of common stock to settle convertible debt | $ | —  |  |  | $ | 24  |  |

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