01—Abstract
Summary
Summary of the 10-Q/A filed August 12, 2014. Cited figures are marked; the original filing is the authoritative source.
This filing is an amendment to Advanced Micro Devices, Inc. (AMD)'s quarterly report for the period ended March 28, 2014.
The primary purpose of this amendment is to re-file Exhibit 10.1, specifically the Wafer Supply Agreement Amendment No. 4 with GLOBALFOUNDRIES Inc., due to comments received from the SEC regarding a confidential treatment request. Investors should note that this amendment does not change the financial or operational information previously reported in the original 10-Q filing.
Therefore, the core financial performance and business operations for the quarter ending March 28, 2014, remain as originally disclosed. Investors should refer to the original Form 10-Q filed on May 1, 2014, for details on the company's financial results, management's discussion and analysis, and other material information for the period.
02—Key points
Key Highlights
- This filing is an Amendment No. 1 to the original Form 10-Q for the quarter ended March 28, 2014.
- The amendment's sole purpose is to re-file Exhibit 10.1, the Wafer Supply Agreement Amendment No. 4 with GLOBALFOUNDRIES Inc.
- This re-filing is in response to comments from the SEC concerning a confidential treatment request related to the Wafer Supply Agreement Amendment.
- No other financial or operational information from the original Form 10-Q filing is modified or updated.
- The company is a large accelerated filer.
- As of August 11, 2014, there were 767,907,043 shares of common stock outstanding.
03—One dollar
Follow one dollar
For each $1.00 of revenue in Q1 FY2014, Advanced Micro Devices Inc lost $0.01.
- Revenue$1.40B100.0%
- Cost of revenue−$910.0M65.1%
- Gross profit$487.0M34.9%
- Operating costs−$438.0M31.4%
- Operating income$49.0M3.5%
- Interest, other & tax−$69.0M4.9%
- Net income−$20.0M1.4%
04—Financials
Financial Highlights
Figures from 10-Q/AQ1 FY2014filed August 12, 2014Financial Statements
Q1 FY2014 against Q1 FY2013
| Line item | Q1 FY2014Q1 FY2013 | Change |
|---|---|---|
| Revenue | $1.40B$1.09B | +28.4% |
| Cost of Revenue | $910.00M$643.00M | +41.5% |
| Gross Profit | $487.00M$445.00M | +9.4% |
| R&D Expenses | $279.00M$312.00M | −10.6% |
| SG&A Expenses | $156.00M$179.00M | −12.8% |
| Operating Income | $49.00M-$98.00M | +150.0% |
| Interest Expense | $47.00M$44.00M | +6.8% |
| Net Income | -$20.00M-$146.00M | +86.3% |
| EPS (Basic) | $-0.03$-0.19 | +84.2% |
| EPS (Diluted) | $-0.03$-0.19 | +84.2% |
| Shares Outstanding (Basic) | 761.00M749.00M | +1.6% |
| Shares Outstanding (Diluted) | 761.00M749.00M | +1.6% |
05—Questions
Frequently Asked Questions
What is the main reason for this amended filing?
The main reason for this amended filing is to re-submit Exhibit 10.1, the Wafer Supply Agreement Amendment No. 4 with GLOBALFOUNDRIES Inc., following feedback from the Securities and Exchange Commission (SEC) regarding a confidential treatment request.
Does this amendment change the financial results reported for the quarter ended March 28, 2014?
No, this amendment does not modify or update any of the financial or operational information presented in the original Form 10-Q filing. The financial results and business performance for the quarter remain as previously disclosed.
Where can I find the actual financial performance and business details for the quarter?
Investors should refer to the original Form 10-Q filed by AMD on May 1, 2014, for the quarter ended March 28, 2014. This original filing contains the comprehensive financial statements, management's discussion and analysis, and other pertinent information.
What is the significance of the Wafer Supply Agreement Amendment No. 4?
While the details are confidential and being reviewed by the SEC, a wafer supply agreement is crucial for a semiconductor company like AMD as it outlines the terms and conditions under which a foundry partner (like GLOBALFOUNDRIES) will manufacture the company's chips. Amendments to such agreements can impact production costs, supply chain stability, and future product roadmaps.
06—Continue