FinancialAMD
Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934: 2020
29 Jan 20211 pages~285 min full read
Key insights
7 takeaways · ~3 min read- 01AMD's RDNA 2 graphics architecture is the foundation for next-generation PC gaming graphics, the PlayStation 5, and Xbox Series S and X consoles, supporting features like ray tracing, Infinity Cache, and variable rate shading.
- 02AMD's total debt decreased from $563 million in 2019 to $338 million in 2020, primarily due to a reduction in 2.125% Convertible Senior Notes Due 2026.
- 03As of December 26, 2020, AMD had approximately 12,600 employees globally.
- 04AMD released a $1.3 billion tax benefit in the fourth quarter of 2020 by recognizing sufficient positive evidence for the realizability of a certain amount of its U.S. deferred tax assets.
- 05AMD maintains a valuation allowance of approximately $1.6 billion for certain federal, state, and foreign tax attributes due to limitations like Internal Revenue Code Section 382 or 383 and lack of sufficient income sources.
- 06AMD's fiscal year ends on the last Saturday in December, with fiscal years 2020, 2019, and 2018 each consisting of 52 weeks, ending on December 26, 2020, December 28, 2019, and December 29, 2018, respectively.
- 07AMD has been named a responsible party at three Superfund sites in Sunnyvale, California, under environmental laws like the Superfund Act.
Summary
SEC 10-K filing for AMD, filed 2021-01-29.
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