AMD 1996 Annual Report Download - page 249

FINANCIAL SUMMARY
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Five Years Ended December 29, 1996
(Thousands except per share amounts) 1996 1995 1994 1993 1992
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Net sales ............................................ $ 1,953,019 $ 2,468,379 $ 2,155,453 $ 1,648,280 $ 1,514,489
Expenses:
Cost of sales ..................................... 1,440,828 1,417,007 1,013,589 789,564 746,486
Research and development .......................... 400,703 416,521 295,326 279,412 237,679
Marketing, general and administrative ............. 364,798 412,651 377,503 296,912 272,962
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2,206,329 2,246,179 1,686,418 1,365,888 1,257,127
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Operating income (loss) .............................. (253,310) 222,200 469,035 282,392 257,362
Litigation settlement ................................ -- -- (58,000) -- --
Interest income and other, net ....................... 59,391 32,465 17,134 16,931 18,913
Interest expense ..................................... (14,837) (3,059) (4,410) (4,398) (17,677)
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Income (loss) before income taxes and equity in
joint venture....................................... (208,756) 251,606 423,759 294,925 258,598
Provision (benefit) for income taxes ................. (85,008) 70,206 142,232 85,935 24,979
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Income (loss) before equity in joint venture ......... (123,748) 181,400 281,527 208,990 233,619
Equity in net income (loss) of joint venture ......... 54,798 34,926 (10,585) (634) --
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Net income (loss) .................................... (68,950) 216,326 270,942 208,356 233,619
Preferred stock dividends ............................ -- 10 10,350 10,350 10,350
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Net income (loss) applicable to common stockholders .. $ (68,950) $ 216,316 $ 260,592 $ 198,006 $ 223,269
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Net income (loss) per common share -- Primary......... $ (0.51) $ 1.59 $ 2.06 $ 1.65 $ 2.02
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-- Fully diluted $ (0.51) $ 1.57 $ 2.02 $ 1.64 $ 1.99
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Shares used in per share calculation -- Primary....... 135,687 136,208 126,674 119,925 110,339
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-- Fully diluted 135,687 137,815 134,142 127,167 117,576
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Long-term debt and capital lease obligations,
less current portion .............................. $ 444,830 $ 214,965 $ 75,752 $ 90,066 $ 22,213
Total assets ......................................... $ 3,145,283 $ 3,078,467 $ 2,525,721 $ 1,944,953 $ 1,453,768
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AMD's common stock (symbol AMD) is listed on the New York Stock Exchange. The
Company has never paid cash dividends on common stock and has no present plans
to do so. The number of stockholders of record at January 31, 1997 was 9,963.
AMD, the AMD logo, and combinations thereof are trademarks of Advanced Micro
Devices, Inc.
Am486, MACH, NexGen, and Nx586 are registered trademarks and AMD-K5, AMD-K6,
K86, K86 RISC SUPERSCALAR, and Nx686 are trademarks of Advanced Micro Devices,
Inc.
Microsoft, MS-DOS, Windows and Windows NT are registered trademarks of Microsoft
Corporation.
Other terms and names used are for identification purposes only and may be
trademarks of their respective companies.
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Source: ADVANCED MICRO DEVIC, 10-K, March 20, 1997