Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934: Fiscal Year 2023

31 Jan 20241 pages~301 min full read

Key insights

7 takeaways · ~3 min read

01
Advanced Micro Devices, Inc. (AMD) filed its annual report for the fiscal year ended December 30, 2023.
02
AMD's cash and cash equivalents at the end of 2023 were $3,933 million, a decrease from $4,835 million at the end of 2022.
03
Net cash provided by operating activities in 2023 was $1,667 million, down from $3,565 million in 2022.
04
Net cash used in financing activities in 2023 was $1,146 million, an improvement from $3,264 million used in 2022.
05
Depreciation expense for AMD was $441 million in 2023, $439 million in 2022, and $296 million in 2021.
06
Revenue recognized over time from custom products and development services accounted for approximately 25% of AMD's revenue in 2023, 24% in 2022, and 23% in 2021.
07
As of December 30, 2023, $137 million in revenue was allocated to remaining performance obligations with an original expected duration of over one year, with $85 million expected to be recognized in the next 12 months.

SEC 10-K filing for AMD, filed 2024-01-31.

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