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Below is the Income statement of a company. Which one is the Tax? is it Income tax provision (benefit)?? Year Ended December 25, 2021 December

Below is the Income statement of a company. Which one is the Tax? is it

Income tax provision (benefit)??

Year Ended
December 25, 2021 December 26, 2020 December 28, 2019
(In millions, except per share amounts)
Net revenue $ 16,434 $ 9,763 $ 6,731
Cost of sales 8,505 5,416 3,863
Gross profit 7,929 4,347 2,868
Research and development 2,845 1,983 1,547
Marketing, general and administrative 1,448 995 750
Licensing gain (12) (60)
Operating income 3,648 1,369 631
Interest expense (34) (47) (94)
Other income (expense), net 55 (47) (165)
Income before income taxes and equity income 3,669 1,275 372
Income tax provision (benefit) 513 (1,210) 31
Equity income in investee 6 5
Net income $ 3,162 $ 2,490 $ 341
Earnings per share
Basic $ 2.61 $ 2.10 $ 0.31
Diluted $ 2.57 $ 2.06 $ 0.30
Shares used in per share calculation
Basic 1,213 1,184 1,091
Diluted 1,229 1,207 1,120

See accompanying notes to consolidated financial statements.

48

Advanced Micro Devices, Inc.

Consolidated Statements of Comprehensive Income

Year Ended
December 25, 2021 December 26, 2020 December 28, 2019
(In millions)
Net income $ 3,162 $ 2,490 $ 341
Other comprehensive income (loss)
Net change in unrealized gains (losses) on cash flow hedges (20) 17 8
Total comprehensive income $ 3,142 $ 2,507 $ 349

See accompanying notes to consolidated financial statements.

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