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 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020	Dec 28, 2019
Net revenue	22,680)	23,601)	16,434)	9,763)	6,731)
Cost of sales	(11,278)	(11,550)	(8,505)	(5,416)	(3,863)
Amortization of acquisition-related intangibles	(942)	(1,448)	—)	—)	—)
Cost of sales	(12,220)	(12,998)	(8,505)	(5,416)	(3,863)
Gross profit	10,460)	10,603)	7,929)	4,347)	2,868)
Research and development	(5,872)	(5,005)	(2,845)	(1,983)	(1,547)
Marketing, general and administrative	(2,352)	(2,336)	(1,448)	(995)	(750)
Amortization of acquisition-related intangibles	(1,869)	(2,100)	—)	—)	—)
Licensing gain	34)	102)	12)	—)	60)
Operating income	401)	1,264)	3,648)	1,369)	631)
Interest expense	(106)	(88)	(34)	(47)	(94)
Interest income	206)	65)	8)	8)	15)
Loss on debt redemption, repurchase and conversion	—)	—)	(7)	(54)	(176)
Gains (losses) on equity investments, net	(1)	(62)	56)	2)	1)
Other income (expense)	(8)	5)	(2)	(3)	(5)
Other income (expense), net	197)	8)	55)	(47)	(165)
Income before income taxes and equity income	492)	1,184)	3,669)	1,275)	372)
Income tax (provision) benefit	346)	122)	(513)	1,210)	(31)
Equity income in investee	16)	14)	6)	5)	—)
Net income	854)	1,320)	3,162)	2,490)	341)

Based on: 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), 10-K (reporting date: 2019-12-28).

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 increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Operating income	The net result for the period of deducting operating expenses from operating revenues.	Advanced Micro Devices Inc. operating income decreased from 2021 to 2022 and from 2022 to 2023.
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 2021 to 2022 and from 2022 to 2023.
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 2021 to 2022 and from 2022 to 2023.

Advanced Micro Devices Inc. (NASDAQ:AMD)

Income Statement