AMD Results Presentation Deck
30
APPENDICES
Share Count Overview
Shares (millions)
(1)
Basic Shares
Dilutive impacts 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
18
1,231
Q4 AND FY 2021 FINANCIAL RESULTS | FEBRUARY 1, 2022
1,231
2
1,233
Q2'21
Actual
1,216
16
1,232
1,232
1,232
Q3'21
Actual
1,214
16
1,230
1,230
1,230
Q4'21
Actual
1,208
14
1,222
1,222
1,222
2021
Q1'22
2022
Actual Estimate (4) Estimate (4)
1,213
1,202
1,205
16
1,229
1,229
1,229
14
1,216
1,216
1,216
11
1,216
1,216
1,216
The table above provides actual share count for Q1'21, Q2'21, Q3'21, Q4'21and FY 2021 and an estimate of share count that may be used when calculating GAAP and non-GAAP diluted earnings per
share for Q1'22 and FY 2022.
(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. Q4'21 average stock price was $131.29. This price was assumed for Q1'22 and FY22 average stock price estimates.
(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.
(4) Includes common stock repurchases subsequent to FY 2021 year end through February 1, 2022
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