Advanced Micro Devices, Inc. (AMD) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 2.96B | 2.6B | 2.16B | 2.01B | 939M | 1.3B | 628M | 593M | 521M | 381M | 421M | 379M | 486M | 567M | 965M | 1.04B | 995M | 822M | 849M | 952M |
| Operating CF Margin % | 28.82% | 25.32% | 23.35% | 26.17% | 12.62% | 16.96% | 9.21% | 10.16% | 9.52% | 6.18% | 7.26% | 7.07% | 9.08% | 10.13% | 17.34% | 15.85% | 16.9% | 17.03% | 19.68% | 24.73% |
| Operating CF Growth % | 214.7% | 100.15% | 243.79% | 239.12% | 80.23% | 240.94% | 49.17% | 56.46% | 7.2% | -32.8% | -56.37% | -63.49% | -51.16% | -31.02% | 13.66% | 9.03% | 10.8% | 48.38% | 150.44% | 291.77% |
| Net Income | 1.38B | 1.62B | 1.17B | 768M | 709M | 482M | 771M | 265M | 123M | 667M | 299M | 27M | -139M | 21M | 66M | 447M | 786M | 974M | 923M | 710M |
| Depreciation & Amortization | 757M | 751M | 754M | 757M | 742M | 786M | 786M | 795M | 810M | 824M | 848M | 873M | 1.01B | 1.25B | 1.19B | 1.2B | 628M | 134M | 112M | 110M |
| Stock-Based Compensation | 487M | 486M | 419M | 369M | 364M | 339M | 351M | 346M | 371M | 374M | 353M | 348M | 309M | 315M | 275M | 292M | 199M | 112M | 99M | 83M |
| Deferred Taxes | -79M | 230M | 218M | -33M | -167M | -300M | -607M | -190M | -66M | -219M | -218M | -274M | -308M | -177M | -710M | -276M | -342M | 107M | 56M | 72M |
| Other Non-Cash Items | -49M | 46M | 304M | -414M | 39M | 62M | -13M | -15M | 43M | -23M | -23M | -13M | -77M | 3M | 0 | 104M | 146M | 11M | -60M | 11M |
| Working Capital Changes | 456M | -533M | -708M | 564M | -748M | -70M | -660M | -608M | -760M | -1.24B | -838M | -582M | -305M | -840M | 146M | -730M | -422M | -516M | -281M | -34M |
| Change in Receivables | 280M | -114M | -1.08B | 330M | 748M | -3M | -2.21B | -661M | 338M | -329M | -743M | -272M | 86M | 210M | -285M | -344M | -672M | -482M | -204M | 158M |
| Change in Inventory | -125M | -610M | -636M | -261M | -682M | -362M | -386M | -342M | -368M | 94M | 122M | -332M | -464M | -404M | -723M | -248M | -26M | -52M | -138M | -112M |
| Change in Payables | -104M | -588M | 451M | 836M | -289M | -585M | 873M | 262M | -636M | -181M | -547M | 236M | 73M | 120M | 783M | 24M | 4M | 275M | 180M | -120M |
| Cash from Investing | -2.56B | -1.54B | -1.34B | -2.3B | -357M | -1.21B | -138M | 386M | -135M | 150M | 102M | -438M | -1.24B | 1.07B | -1.3B | -928M | 3.16B | 9M | -83M | 119M |
| Capital Expenditures | -389M | -222M | -258M | -282M | -212M | -208M | -132M | -154M | -142M | -139M | -124M | -125M | -158M | -124M | -123M | -132M | -71M | -86M | -85M | -64M |
| CapEx % of Revenue | 3.79% | 2.16% | 2.79% | 3.67% | 2.85% | 2.72% | 1.94% | 2.64% | 2.59% | 2.25% | 2.14% | 2.33% | 2.95% | 2.21% | 2.21% | 2.02% | 1.21% | 1.78% | 1.97% | 1.66% |
| Acquisitions | 0 | -44M | 0 | -1.72B | 0 | 0 | 0 | 0 | 0 | -117M | -14M | 0 | 0 | 14M | -1.56B | -1.56B | 2.37B | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | 1.36B | -8M | -22M | 0 | 31M | -602M | -89M | -3M | -6M | -10M | -1M | 6M | -1M | 1.55B | -3M | -1M | 0 | 0 | 0 |
| Cash from Financing | -350M | -328M | -450M | -1.32B | 1.67B | -171M | -706M | -1.06B | -129M | -159M | -803M | 75M | -259M | -197M | -1.23B | 114M | -1.95B | -727M | -949M | -211M |
| Debt Issued (Net) | 0 | -1.49B | 0 | -950M | 2.44B | 0 | 0 | -750M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -350M | 116M | -79M | -524M | -779M | -298M | -710M | -449M | -133M | -113M | -806M | -66M | -238M | -162M | -922M | -952M | -1.95B | -776M | -953M | -260M |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -355M | 0 | -89M | -524M | -779M | -298M | -710M | -449M | -133M | -278M | -806M | -66M | -262M | -285M | -922M | -952M | -1.95B | -776M | -953M | -260M |
| Other Financing | 0 | 1.05B | -371M | 155M | 4M | 127M | 4M | 143M | 4M | -46M | 3M | 141M | -21M | -35M | -305M | 1.07B | 1M | 49M | 4M | 49M |
| Net Change in Cash | 40M | 910M | 372M | -1.61B | 2.25B | -86M | -216M | -77M | 257M | 372M | -280M | 16M | -1.01B | 1.44B | -1.57B | 224M | 2.21B | 95M | -183M | 860M |
| Free Cash Flow | 2.57B | 2.38B | 1.9B | 1.73B | 727M | 1.09B | 496M | 439M | 379M | 242M | 297M | 254M | 328M | 443M | 842M | 906M | 924M | 736M | 764M | 888M |
| FCF Margin % | 25.03% | 23.15% | 20.56% | 22.5% | 9.77% | 14.25% | 7.27% | 7.52% | 6.92% | 3.92% | 5.12% | 4.74% | 6.13% | 7.91% | 15.13% | 13.83% | 15.7% | 15.25% | 17.71% | 23.06% |
| FCF Growth % | 252.96% | 117.97% | 283.27% | 293.85% | 91.82% | 350.83% | 67% | 72.83% | 15.55% | -45.37% | -64.73% | -71.96% | -64.5% | -39.81% | 10.21% | 2.03% | 11.06% | 53.33% | 188.3% | 484.21% |
| FCF per Share | 1.56 | 1.44 | 1.16 | 1.06 | 0.45 | 0.67 | 0.30 | 0.27 | 0.23 | 0.15 | 0.18 | 0.16 | 0.20 | 0.27 | 0.52 | 0.56 | 0.66 | 0.60 | 0.62 | 0.72 |
| FCF Conversion (FCF/Net Income) | 2.16x | 1.72x | 1.74x | 2.31x | 1.32x | 2.70x | 0.81x | 2.24x | 4.24x | 0.57x | 1.41x | 14.04x | -3.50x | 27.00x | 14.62x | 2.32x | 1.27x | 0.84x | 0.92x | 1.34x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 72M | 0 | 0 | 0 | 84M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | -760M | 0 | 632M | 128M | 375M | 700M | 224M | 87M | 489M | -12M | 25M | 21M | 101M | 40M | 0 | 0 | 0 | 13M | 0 |