AMD Reports First Quarter 2020 Financial Results


(1)The Computing and Graphics segment primarily includes desktop and notebook processors and chipsets, discrete and integrated graphics processing units (GPUs), data center and professional GPUs, and development services. The Company also licenses portions of its intellectual property portfolio.
  
(2)The Enterprise, Embedded and Semi-Custom segment primarily includes server and embedded processors, semi-custom System-on-Chip (SoC) products, development services and technology for game consoles. The Company also licenses portions of its intellectual property portfolio.
  
(3)All Other category primarily includes certain expenses and credits that are not allocated to any of the operating segments. Also included in this category is stock-based compensation expense. 
  
(4) Reconciliation of GAAP Net Income to Adjusted EBITDA*


 Three Months Ended
 March 28,
2020
December 28,
2019
March 30,
2019
GAAP net income$162 $170 $16 
Interest expense 13  18  27 
Other (income) expense, net (4) 125  7 
Provision for (benefit from) income taxes 6  35  (13)
Equity loss in investee -  -  1 
Stock-based compensation 59  57   41  
Depreciation and amortization   68     64     46  
Loss contingency on legal matter   -     -     5  
Adjusted EBITDA $ 304   $ 469   $ 130  

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