Advanced Micro Devices Inc., current enterprise value calculation

Current share price (P)	$119.21
No. shares of common stock outstanding	1,622,807,346
US$ in millions
Common equity (market value)¹	193,455)
Total equity	193,455)
Add: Current portion of long-term debt, net (per books)	751)
Add: Long-term debt, net of current portion (per books)	1,717)
Total equity and debt	195,923)
Less: Cash and cash equivalents	3,933)
Less: Short-term investments	1,840)
Enterprise value (EV)	190,150)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 119.21 × 1,622,807,346

Advanced Micro Devices Inc., EV calculation

	Dec 30, 2023	Dec 31, 2022	Dec 25, 2021	Dec 26, 2020	Dec 28, 2019
Share price^1, 2	$167.69	$78.77	$120.08	$85.64	$49.45
No. shares of common stock outstanding¹	1,615,786,841	1,611,388,217	1,199,303,422	1,211,280,009	1,169,661,536
US$ in millions
Common equity (market value)³	270,951)	126,929)	144,012)	103,734)	57,840)
Total equity	270,951)	126,929)	144,012)	103,734)	57,840)
Add: Current portion of long-term debt, net (book value)	751)	—)	312)	—)	—)
Add: Long-term debt, net of current portion (book value)	1,717)	2,467)	1)	330)	486)
Total equity and debt	273,419)	129,396)	144,325)	104,064)	58,326)
Less: Cash and cash equivalents	3,933)	4,835)	2,535)	1,595)	1,466)
Less: Short-term investments	1,840)	1,020)	1,073)	695)	37)
Enterprise value (EV)	267,646)	123,541)	140,717)	101,774)	56,823)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Advanced Micro Devices Inc. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 167.69 × 1,615,786,841

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Advanced Micro Devices Inc. EV decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.

Advanced Micro Devices Inc. (NASDAQ:AMD)

Enterprise Value (EV)