Summary
This 8-K/A filing from Advanced Micro Devices (AMD) provides an amendment to their previous report regarding the acquisition of Xilinx, Inc., which was completed on February 14, 2022. The primary purpose of this amendment is to include updated pro forma financial information, specifically reflecting a change in AMD's accounting method for the United States Global Intangible Low-Taxed Income (GILTI) tax. This updated pro forma data is presented for informational purposes to give investors a clearer view of the combined company's potential financial performance.
Key Highlights
- 1Amendment provides updated pro forma financial statements for the combined AMD and Xilinx entity.
- 2The pro forma statements cover the fiscal year 2021 and the first fiscal quarter of 2022.
- 3Key update includes the adoption of a new accounting method for U.S. GILTI tax by AMD in Q1 2022.
- 4This filing incorporates pro forma condensed combined statements of operations for the periods presented.
- 5The acquisition of Xilinx was officially completed on February 14, 2022.
- 6Pro forma information is for illustrative purposes and not indicative of actual future results.