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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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