AMD Reports Third Quarter 2023 Financial Results

ADVANCED MICRO DEVICES, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(Millions)

	September 30, 2023			December 31, 2022
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	3,561		$	4,835
Short-term investments		2,224			1,020
Accounts receivable, net		5,054			4,126
Inventories		4,445			3,771
Receivables from related parties		1			2
Prepaid expenses and other current assets		1,403			1,265
Total current assets		16,688			15,019
Property and equipment, net		1,566			1,513
Operating lease right-of-use assets		507			460
Goodwill		24,186			24,177
Acquisition-related intangibles, net		21,950			24,118
Investment: equity method		93			83
Deferred tax assets		76			58
Other non-current assets		2,560			2,152
Total Assets	$	67,626		$	67,580

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	2,245		$	2,493
Payables to related parties		325			463
Accrued liabilities		3,376			3,077
Current portion of long-term debt, net		752			—
Other current liabilities		929			336
Total current liabilities		7,627			6,369
Long-term debt, net of current portion		1,715			2,467
Long-term operating lease liabilities		395			396
Deferred tax liabilities		1,152			1,934
Other long-term liabilities		1,767			1,664

Stockholders' equity:
Capital stock:
Common stock, par value		17			16
Additional paid-in capital		59,182			58,005
Treasury stock, at cost		(4,235	)		(3,099	)
Retained earnings (Accumulated deficit)		56			(131	)
Accumulated other comprehensive loss		(50	)		(41	)
Total stockholders' equity	$	54,970		$	54,750
Total Liabilities and Stockholders' Equity	$	67,626		$	67,580

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