AMD 1996 Annual Report Download - page 209

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Exhibit 11
ADVANCED MICRO DEVICES, INC.
STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
Three Years Ended December 29, 1996
(Thousands except per share)
PRIMARY 1994 1995 1996
------ ------- -------
Weighted average number of common shares
outstanding during the year.................... 117,597 127,680 135,447
Incremental common shares attributable to
shares issuable under employee stock
plans (assuming proceeds would be used
to purchase treasury stock).................... 6,965 6,295 240
Warrants 2,112 2,233 -
-------- -------- --------
Total shares..................................... 126,674 136,208 135,687
======== ======== ========
Net income:
Amount applicable to common shares............... $260,592 $216,316 $(68,950)
Per share........................................ $ 2.06 $ 1.59 $ (0.51)
FULLY DILUTED
Weighted average number of common shares
outstanding during the year.................... 117,597 127,680 135,447
Incremental common shares attributable to
shares issuable under employee stock
plans (assuming proceeds would be used
to purchase treasury stock).................... 7,188 6,414 240
Dilutive convertible securities ................. 145 145 -
Preferred stock.................................. 6,854 1,343 -
Warrants......................................... 2,358 2,233 -
-------- -------- --------
Total shares..................................... 134,142 137,815 135,687
======== ======== ========
Net income:
Amount applicable to common shares............... $260,592 $216,316 $(68,950)
Preferred stock dividends........................ 10,350 10 -
Convertible notes interest....................... 280 109 -
-------- -------- --------
Net adjusted income.............................. $271,222 $216,435 $(68,950)
Per share........................................ $ 2.02 $ 1.57 $ (0.51)
1
Source: ADVANCED MICRO DEVIC, 10-K, March 20, 1997