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10-K 1 amd-12302017x10k.htm 10-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-K

(Mark One)

ýANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
For the fiscal year ended December 30, 2017
OR
¨TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934.
For the transition period from to

Commission File Number 001-07882

ADVANCED MICRO DEVICES, INC.

(Exact name of registrant as specified in its charter)

Delaware94-1692300
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
2485 Augustine Drive, Santa Clara, California95054
(Address of principal executive offices)(Zip Code)

(408) 749-4000

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

(Title of each class)(Name of each exchange on which registered)
Common Stock $0.01 par value per shareThe NASDAQ Capital Market

Securities registered pursuant to Section 12(g) of the Act:

None

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ý No ¨

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Exchange Act. Yes ¨ No ý

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files): Yes ý No ¨

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. ý

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or a smaller reporting company. See definition of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act (check one):

Large accelerated filerýAccelerated filer¨
Non-accelerated filer¨ (Do not check if a smaller reporting company)Smaller reporting company¨

Indicate by check mark whether the registrant is a shell company (as defined by Rule 12b-2 of the Exchange Act). Yes ¨ No ý

As of July 1, 2017, the aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was approximately $12.0 billion based on the reported closing sale price of $12.48 per share as reported on The NASDAQ Capital Market (NASDAQ) on June 30, 2017, which was the last business day of the registrant’s most recently completed second fiscal quarter.

Indicate the number of shares outstanding of each of the registrant’s classes of common stock, as of the latest practicable date: 969,110,191 shares of common stock, $0.01 par value per share, as of February 23, 2018.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the registrant’s proxy statement for the 2018 Annual Meeting of Stockholders (2018 Proxy Statement) are incorporated into Part III hereof. The 2018 Proxy Statement will be filed with the U.S. Securities and Exchange Commission within 120 days after the registrant’s fiscal year ended December 30, 2017.

Advanced Micro Devices, Inc.

FORM 10-K

For The Fiscal Year Ended December 30, 2017

INDEX

PART I1
ITEM 1.Business1
ITEM 1A.Risk Factors14
ITEM 1B.Unresolved Staff Comments29
ITEM 2.Properties29
ITEM 3.Legal Proceedings29
ITEM 4.Mine Safety Disclosures32
PART II33
ITEM 5.Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities33
ITEM 6.Selected Financial Data35
ITEM 7.Management’s Discussion and Analysis of Financial Condition and Results of Operations37
ITEM 7A.Quantitative and Qualitative Disclosure About Market Risk55
ITEM 8.Financial Statements and Supplementary Data57
ITEM 9.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure104
ITEM 9A.Controls and Procedures104
ITEM 9B.Other Information105
PART III106
ITEM 10.Directors, Executive Officers and Corporate Governance106
ITEM 11.Executive Compensation106
ITEM 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters106
ITEM 13.Certain Relationships and Related Transactions and Director Independence106
ITEM 14.Principal Accounting Fees and Services106
PART IV107
ITEM 15.Exhibits, Financial Statements Schedules107
ITEM 16.Form 10-K Summary116
SIGNATURES.116

PART I

Next: Item 1. BUSINESS