AMD Reports Fourth Quarter and Full Year 2023 Financial Results

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

	December 30, 2023			December 31, 2022
	(Unaudited)
ASSETS
Current assets:
Cash and cash equivalents	$	3,933		$	4,835
Short-term investments		1,840			1,020
Accounts receivable, net		5,376			4,126
Inventories		4,351			3,771
Receivables from related parties		9			2
Prepaid expenses and other current assets		1,259			1,265
Total current assets		16,768			15,019
Property and equipment, net		1,589			1,513
Operating lease right-of-use assets		633			460
Goodwill		24,262			24,177
Acquisition-related intangibles, net		21,363			24,118
Investment: equity method		99			83
Deferred tax assets		366			58
Other non-current assets		2,805			2,152
Total Assets	$	67,885		$	67,580

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable	$	2,055		$	2,493
Payables to related parties		363			463
Accrued liabilities		3,082			3,077
Current portion of long-term debt, net		751			—
Other current liabilities		438			336
Total current liabilities		6,689			6,369
Long-term debt, net of current portion		1,717			2,467
Long-term operating lease liabilities		535			396
Deferred tax liabilities		1,202			1,934
Other long-term liabilities		1,850			1,664

Stockholders' equity:
Capital stock:
Common stock, par value		17			16
Additional paid-in capital		59,676			58,005
Treasury stock, at cost		(4,514	)		(3,099	)
Retained earnings (Accumulated deficit)		723			(131	)
Accumulated other comprehensive loss		(10	)		(41	)
Total stockholders' equity	$	55,892		$	54,750
Total Liabilities and Stockholders' Equity	$	67,885		$	67,580

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