Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Advanced Micro Devices Inc., consolidated income statement

US$ in millions

12 months ended:	Dec 28, 2024	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020
Net revenue	25,785)	22,680)	23,601)	16,434)	9,763)
Cost of sales	(12,114)	(11,278)	(11,550)	(8,505)	(5,416)
Amortization of acquisition-related intangibles	(946)	(942)	(1,448)	—)	—)
Cost of sales	(13,060)	(12,220)	(12,998)	(8,505)	(5,416)
Gross profit	12,725)	10,460)	10,603)	7,929)	4,347)
Research and development	(6,456)	(5,872)	(5,005)	(2,845)	(1,983)
Marketing, general and administrative	(2,783)	(2,352)	(2,336)	(1,448)	(995)
Amortization of acquisition-related intangibles	(1,448)	(1,869)	(2,100)	—)	—)
Restructuring charges	(186)	—)	—)	—)	—)
Licensing gain	48)	34)	102)	12)	—)
Operating income	1,900)	401)	1,264)	3,648)	1,369)
Interest expense	(92)	(106)	(88)	(34)	(47)
Interest income	182)	206)	65)	8)	8)
Loss on debt redemption, repurchase and conversion	—)	—)	—)	(7)	(54)
Gains (losses) on equity investments, net	2)	(1)	(62)	56)	2)
Other income (expense)	(3)	(8)	5)	(2)	(3)
Other income (expense), net	181)	197)	8)	55)	(47)
Income before income taxes and equity income	1,989)	492)	1,184)	3,669)	1,275)
Income tax (provision) benefit	(381)	346)	122)	(513)	1,210)
Equity income in investee	33)	16)	14)	6)	5)
Net income	1,641)	854)	1,320)	3,162)	2,490)

Based on: 10-K (reporting date: 2024-12-28), 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-25), 10-K (reporting date: 2020-12-26).

Download chart

Income statement item	Description	The company
Net revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Advanced Micro Devices Inc. net revenue decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Advanced Micro Devices Inc. operating income decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Income before income taxes and equity income	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Advanced Micro Devices Inc. income before income taxes and equity income decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Net income	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Advanced Micro Devices Inc. net income decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.

Advanced Micro Devices Inc. (NASDAQ:AMD)

Income Statement