Summary
This filing is an amendment to Advanced Micro Devices, Inc. (AMD) Form 10-Q for the quarter ending April 2, 2011. The amendment's primary purpose is to re-file Exhibit 10.1, which contains an amendment to the Wafer Supply Agreement (WSA) with GLOBALFOUNDRIES Inc. (GF). This re-filing addresses comments from the SEC regarding omitted portions of the WSA Amendment that pertain to pricing of chipset products and potential payments to GF in 2012 related to 32nm capacity. No other parts of the original Form 10-Q have been modified or updated.
Financial Highlights
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Financial Statements
Beta
| Revenue | $1.61B |
| Cost of Revenue | $922.00M |
| Gross Profit | $691.00M |
| R&D Expenses | $367.00M |
| SG&A Expenses | $261.00M |
| Operating Income | $54.00M |
| Interest Expense | $48.00M |
| Net Income | $510.00M |
| EPS (Basic) | $0.71 |
| EPS (Diluted) | $0.68 |
| Shares Outstanding (Basic) | 720.00M |
| Shares Outstanding (Diluted) | 764.00M |
Key Highlights
- 1Amendment to 10-Q filed to re-file Exhibit 10.1 regarding a Wafer Supply Agreement Amendment with GLOBALFOUNDRIES.
- 2The re-filing is in response to SEC comments concerning omitted pricing and potential future payment details in the WSA Amendment.
- 3Specific details now included relate to the pricing basis for chipset products and contingent payments to GF in 2012.
- 4This amendment does not alter or update any other financial information or disclosures from the original Form 10-Q filing.
- 5AMD is classified as a large accelerated filer.
- 6The total number of outstanding common shares as of May 12, 2011, was approximately 687.5 million.
Frequently Asked Questions
The primary reason for this amendment is to re-file Exhibit 10.1, which is an amendment to AMD's Wafer Supply Agreement (WSA) with GLOBALFOUNDRIES Inc. (GF). This re-filing was necessitated by comments from the SEC regarding previously omitted pricing and potential payment details within that agreement.
No, this amendment explicitly states that it does not modify or update any part of or information set forth in the original Form 10-Q filing other than Exhibit 10.1. Therefore, it does not change the reported financial results for the quarter.
The amendment now includes details regarding the basis of pricing for chipset products to be manufactured by GF, as well as specific amounts that may become payable by AMD in 2012 if GF meets certain conditions related to the continued availability of 32nm capacity.
The filing refers to a Wafer Supply Agreement Amendment between AMD and GLOBALFOUNDRIES Inc. (and its affiliates). This agreement governs the supply of wafers, which are essential components for manufacturing AMD's semiconductor products.