AMD 1996 Annual Report Download - page 222
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CONSOLIDATED STATEMENTS OF OPERATIONS
- ----------------------------------------------------------------------------------------------------------
Three Years Ended December 29, 1996
(Thousands except per share amounts) 1996 1995 1994
-------------------------------------------
Net sales ................................................... $ 1,953,019 $ 2,468,379 $ 2,155,453
Expenses:
Cost of sales ............................................. 1,440,828 1,417,007 1,013,589
Research and development .................................. 400,703 416,521 295,326
Marketing, general and administrative ..................... 364,798 412,651 377,503
----------- ----------- -----------
2,206,329 2,246,179 1,686,418
----------- ----------- -----------
Operating income (loss) ..................................... (253,310) 222,200 469,035
Litigation settlement ....................................... -- -- (58,000)
Interest income and other, net .............................. 59,391 32,465 17,134
Interest expense ............................................ (14,837) (3,059) (4,410)
----------- ----------- -----------
Income (loss) before income taxes and equity in joint venture (208,756) 251,606 423,759
Provision (benefit) for income taxes ........................ (85,008) 70,206 142,232
----------- ----------- -----------
Income (loss) before equity in joint venture ................ (123,748) 181,400 281,527
Equity in net income (loss) of joint venture ................ 54,798 34,926 (10,585)
----------- ----------- -----------
Net income (loss) ........................................... (68,950) 216,326 270,942
Preferred stock dividends ................................... -- 10 10,350
----------- ----------- -----------
Net income (loss) applicable to common stockholders ......... $ (68,950) $ 216,316 $ 260,592
=========== =========== ===========
Net income (loss) per common share:
Primary ................................................... $ (0.51) $ 1.59 $ 2.06
=========== =========== ===========
Fully diluted ............................................. $ (0.51) $ 1.57 $ 2.02
=========== =========== ===========
Shares used in per share calculation:
Primary ................................................... 135,687 136,208 126,674
Fully diluted ............................................. 135,687 137,815 134,142
- ----------------------------------------------------------------------------------------------------------
See accompanying notes
18
Source: ADVANCED MICRO DEVIC, 10-K, March 20, 1997