ADVANCED MICRO DEVICES, INC. (AMD) FY2023 Annual P&L / Income Statement

ADVANCED MICRO DEVICES, INC. (AMD) FY2023 Annual P&L / Income Statement

Income statement for 2023-01-01 through 2023-12-30. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net revenue

22,680,000,000 US dollars

Cost of revenue (calculated)

12,220,000,000 US dollars

Gross profit

10,460,000,000 US dollars

Operating costs, net of other operating income (calculated)

10,059,000,000 US dollars

Operating income

401,000,000 US dollars

Other income (expense), net (calculated)

91,000,000 US dollars

Income before income taxes and equity income

492,000,000 US dollars

Income tax provision (benefit)

negative 346,000,000 US dollars

Net income

854,000,000 US dollars

UNITED STATES

7,837,000,000 US dollars

CHINA

3,417,000,000 US dollars

JAPAN

4,629,000,000 US dollars

Europe

2,030,000,000 US dollars

TAIWAN

1,841,000,000 US dollars

SINGAPORE

2,231,000,000 US dollars

Other countries

695,000,000 US dollars

Cost of sales

11,278,000,000 US dollars

Amortization of acquisition-related intangibles cost of revenue

942,000,000 US dollars

Research and development

5,872,000,000 US dollars

Marketing, general and administrative

2,352,000,000 US dollars

Amortization of acquisition-related intangibles expense

1,869,000,000 US dollars

Licensing gain

negative 34,000,000 US dollars

Equity income in investee

16,000,000 US dollars. Reported below-tax contribution to net income.

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit, plus the explicitly reported below-tax contributions, equals net income.