AMD Results Presentation Deck
APPENDICES
Share Count Overview
Shares (millions)
(1)
Basic Shares
Dilutive impact from:
Employee Equity Grants (2)
Diluted Shares (without 2026 Convertible Notes)
2026 Convertible Notes - GAAP (3)
Diluted Shares (with 2026 Convertible Notes) – GAAP
2026 Convertible Notes - Non-GAAP (3)
Diluted Shares (with 2026 Convertible Notes) - Non-GAAP
Q1'21
Actual
1,213
24 THIRD QUARTER 2021 FINANCIAL RESULTS | OCTOBER 26, 2021
18
1,231
1,231
2
1,233
Q2'21 Q3'21 Q4'21 2021
Actual Actual Estimate Estimate
1,216
1,214
1,212
1,215
16
1,232
16
1,230
1,232 1,230
12
1,224
1,224
15
1,230
1,230
1,232 1,230 1,224
The table above provides actual share count for Q1'21, Q2'21 and Q3'21 and an estimate of share count that may be used when calculating GAAP and non-GAAP diluted earnings per share for Q4'21 and FY 2021.
(1) Share counts are weighted average shares.
(2) The dilutive impact of employee equity grants is based on the Treasury Stock method and is dependent upon the average stock price during the period. The Q1'21, Q2'21 and Q3'21 average stock price was $86.88, $80.20, and
$101.58, respectively. The Q3'21 average stock price of $101.58 was assumed for the Q4'21 and FY 2021 estimates.
1,230
(3) The dilutive impact from the 2.125% Convertible Senior Notes due 2026 (2026 Convertible Notes) is based on the If-Converted method, where the interest costs associated with the 2026 Convertible Notes are added back to
the Net Income and the shares underlying the 2026 Convertible Notes are assumed to be converted and are added to the share count. The impact from the 2026 Convertible Notes, if dilutive, is included in diluted EPS
calculation. For the GAAP computation, the add-back to net income includes cash and non-cash interest expense, while only the cash interest expense is added back to the non-GAAP net income. The dilutive shares
associated with the 2026 Convertible Notes reflect the weighted average shares subject to conversion during each period.
During Q1'21, 3 million shares of the Company's common stock (2 million shares weighted) were issued to convert $24 million of the outstanding 2026 Convertible Notes.
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