AMD Investor Day Presentation Deck
RECONCILIATION OF GAAP TO NON-GAAP FINANCIAL MEASURES
(Millions, except per share data)
GAAP Net Income / earnings per share
Loss on debt redemption/conversion
(Gains) losses on equity investments, net
Non-cash interest expense related to convertible debt
Stock-based compensation
Equity income in investee
Acquisition-related costs
Loss contingency on legal matter
Release of valuation allowance on deferred tax assets
Income tax provision
Non-GAAP Net Income / earnings per share
Shares used and net income adjustment in earnings per share
calculation
Shares used in per share calculation (GAAP) (1)
Interest expense add back to GAAP net income (1)
Shares used in per share calculation (Non-GAAP)
Interest expense add back to Non-GAAP net income
2019
$ 341
176
22
197
-
12
8
$ 756
$
$
0.30
0.15
0.02
0.16
0.01
0.64
1,120
$
1,209
$ 16
2020
$ 2,490
54
$
6
274
(5)
14
(1,301)
43
1,575
$
$
2.06
0.04
0.22
0.01
(1.07)
0.03
1.29
1,207
$ 1
1,228
$ 4
$ 3,162
7
(56)
$
2021
379
(6)
42
I
I
(93)
3,435
$ 2.57
$
(0.04)
0.31
0.03
I
(0.08)
2.79
1,229
$
1,229
(1) For the year ended December 28, 2019, GAAP diluted EPS calculation did not include shares related to the assumed conversion of the Company's 2026 Convertible Notes and the associated
interest expense add-back to net income under the "if converted" method as their inclusion would have been anti-dilutive. For the year ended December 26, 2020, GAAP diluted EPS calculations
include 3 million shares related to the assumed conversion of the Company's 2026 Convertible Notes and the associated $1 million interest expense add-back to net income under the "if converted"
method. For the year ended December 26, 2020 and December 28, 2019, Non-GAAP diluted EPS calculations include 24 million and 89 million shares, respectively, related to the assumed
conversion of the Company's 2026 Convertible Notes and the associated $4 million and $16 million interest expense, respectively, add-back to net income under the "if converted" method.View entire presentation