Item 5. Market for Registrant’s Common Equity
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND
ISSUER PURCHASES OF EQUITY SECURITIES
Our common stock is listed on The NASDAQ Global Select Market (NASDAQ) under the symbol “AMD”. On January 22, 2021, there were 4,155 registered holders of our common stock, and the closing price of our common stock was $92.79 per share as reported on NASDAQ.
For information about our equity compensation plans, see Part III, Item 11, below.
Performance Graph
Comparison of Five-Year Cumulative Total Returns
Advanced Micro Devices, S&P 500 Index and S&P 500 Semiconductor Index
The following graph shows a five-year comparison of cumulative total return on our common stock, the S&P 500 Index and the S&P 500 Semiconductor Index from December 26, 2015 through December 26, 2020. The past performance of our common stock is no indication of future performance.
Base Period Years Ending
Company / Index 12/26/2015 12/31/2016 12/30/2017 12/29/2018 12/28/2019 12/26/2020
Advanced Micro Devices, Inc. 100 388 352 610 1,582 3,144
S&P 500 Index 100 111 135 128 171 199
S&P 500 Semiconductors Index 100 126 171 160 236 331
36
Unregistered Sales of Equity Securities
We issued warrants dated December 28, 2020 to purchase 42,439 shares of our common stock to a commercial partner pursuant to a strategic arrangement with such partner. The warrants have an exercise price of $25.4994 per share and expire on December 28, 2023. The warrants were issued pursuant to Section 4(a)(2) of the Securities Act of 1933, as amended.
37
ITEM 6. SELECTED FINANCIAL DATA
2020 (1)
2019 (1)
2018 (1)
2017 (1)(2)
2016 (1)(2)
In millions except per share amounts
Net revenue $ 9,763 $ 6,731 $ 6,475 $ 5,253 $ 4,319
Net income (loss) (3)
$ 2,490 $ 341 $ 337 $ (33) $ (498)
Earnings (loss) per share
Basic $ 2.10 $ 0.31 $ 0.34 $ (0.03) $ (0.60)
Diluted $ 2.06 $ 0.30 $ 0.32 $ (0.03) $ (0.60)
Shares used in per share calculation
Basic 1,184 1,091 982 952 835
Diluted 1,207 1,120 1,064 952 835
Long-term debt, net and other long-term liabilities (4)
$ 507 $ 643 $ 1,306 $ 1,443 $ 1,559
Total assets $ 8,962 $ 6,028 $ 4,556 $ 3,552 $ 3,328
(1) 2020, 2019, 2018, and 2017 each consisted of 52 weeks, whereas 2016 consisted of 53 weeks.
(2) 2017 and 2016 amounts adjusted to reflect the retrospective application of Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) 2014-09, Revenue from Contracts with Customers .
(3) In 2020, we recognized a $1.3 billion income tax benefit upon the release of a portion of the valuation allowance on deferred tax assets, which resulted in an equivalent increase to our deferred tax assets and thus an increase to total assets. In 2016, we recorded a charge of $340 million in Cost of sales, consisting of the $240 million value of the warrant under a warrant agreement and the $100 million payment, which were both associated with the sixth amendment to the wafer sourcing agreement (WSA) with Global Foundries. In addition, we recorded a cumulative pre-tax gain of $146 million on the sale of our 85% equity interest in the ATMP JV.
(4) In 2019, we reduced our long-term debt, net and other long-term liabilities by $663 million, primarily due to $628 million of net debt conversion and repayment. In 2016, we reduced our long-term debt, net and other long term liabilities by $534 million, primarily due to $1,048 million of net debt repayment, partially offset by the issuance of $805 million in principal amount of 2.125% Notes net of unamortized discount of $308 million and unamortized issuance cost of $14 million.
38