AMD 1997 Annual Report Download - page 19

PART II
ITEM 5. MARKET FOR REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER MATTERS
The Company's common stock (symbol AMD) is listed on the New York Stock
Exchange. The following table sets forth the high and low sales prices of the
Company's common stock for each quarter within the two most recent fiscal
years:
DEC. 28, SEPT. 28, JUNE 29, MAR. 30, DEC. 29, SEPT. 29, JUNE 30, MAR. 31,
1997 1997 1997 1997 1996 1996 1996 1996
-------- --------- -------- --------- -------- ---------- -------- --------
Common stock market
price range
High.................. $ 32.75 $ 42.50 $ 45.00 $ 47.38 $ 28.38 $ 16.25 $ 19.88 $ 21.25
Low................... $ 17.56 $ 31.25 $ 35.50 $ 25.75 $ 14.13 $ 10.25 $ 12.88 $ 16.13
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, 1998 was
10,190. During 1997, there were no sales by the Company of its equity
securities which were not registered under the Securities Act of 1933.
ITEM 6. SELECTED FINANCIAL DATA
The consolidated financial data set forth below for each of the years in the
five-year period ended December 28, 1997 are derived from the consolidated
financial statements that have been audited by Ernst & Young LLP, independent
auditors. The selected financial data set forth below should be read in
conjunction with "Management's Discussion and Analysis of Financial Condition
and Results of Operations" and the Company's consolidated financial statements
and the notes thereto included herein.
FIVE YEARS ENDED DECEMBER 28, 1997
----------------------------------------------------------
1997 1996 1995 1994 1993
---------- ---------- ---------- ---------- ----------
(THOUSANDS EXCEPT PER SHARE AMOUNTS)
NET SALES............... $2,356,375 $1,953,019 $2,468,379 $2,155,453 $1,648,280
Expenses:
Cost of sales......... 1,578,438 1,440,828 1,417,007 1,013,589 789,564
Research and
development.......... 467,877 400,703 416,521 295,326 279,412
Marketing, general and
administrative....... 400,713 364,798 412,651 377,503 296,912
---------- ---------- ---------- ---------- ----------
2,447,028 2,206,329 2,246,179 1,686,418 1,365,888
---------- ---------- ---------- ---------- ----------
Operating income (loss). (90,653) (253,310) 222,200 469,035 282,392
Litigation settlement... -- -- -- (58,000) --
Interest income and
other, net............. 35,097 59,391 32,465 17,134 16,931
Interest expense........ (45,276) (14,837) (3,059) (4,410) (4,398)
---------- ---------- ---------- ---------- ----------
Income (loss) before
income taxes and equity
in joint venture....... (100,832) (208,756) 251,606 423,759 294,925
Provision (benefit) for
income taxes........... (55,155) (85,008) 70,206 142,232 85,935
---------- ---------- ---------- ---------- ----------
Income (loss) before
equity in joint
venture................ (45,677) (123,748) 181,400 281,527 208,990
Equity in net income
(loss) of joint
venture................ 24,587 54,798 34,926 (10,585) (634)
---------- ---------- ---------- ---------- ----------
NET INCOME (LOSS)....... (21,090) (68,950) 216,326 270,942 208,356
Preferred stock
dividends.............. -- -- 10 10,350 10,350
---------- ---------- ---------- ---------- ----------
NET INCOME (LOSS)
APPLICABLE TO COMMON
Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998