AMD 1997 Annual Report Download - page 66
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ADVANCED MICRO DEVICES, INC.
CONSOLIDATED STATEMENTS OF OPERATIONS
THREE YEARS ENDED DECEMBER 28, 1997
1997 1996 1995
------------ ------------ ------------
(THOUSANDS EXCEPT PER SHARE AMOUNTS)
NET SALES............................ $ 2,356,375 $ 1,953,019 $ 2,468,379
Expenses:
Cost of sales...................... 1,578,438 1,440,828 1,417,007
Research and development........... 467,877 400,703 416,521
Marketing, general and
administrative.................... 400,713 364,798 412,651
------------ ------------ ------------
2,447,028 2,206,329 2,246,179
------------ ------------ ------------
Operating income (loss).............. (90,653) (253,310) 222,200
Interest income and other, net....... 35,097 59,391 32,465
Interest expense..................... (45,276) (14,837) (3,059)
------------ ------------ ------------
Income (loss) before income taxes and
equity in joint venture............. (100,832) (208,756) 251,606
Provision (benefit) for income taxes. (55,155) (85,008) 70,206
------------ ------------ ------------
Income (loss) before equity in joint
venture............................. (45,677) (123,748) 181,400
Equity in net income of joint
venture............................. 24,587 54,798 34,926
------------ ------------ ------------
NET INCOME (LOSS).................... (21,090) (68,950) 216,326
Preferred stock dividends............ -- -- 10
------------ ------------ ------------
NET INCOME (LOSS) APPLICABLE TO
COMMON STOCKHOLDERS................. $ (21,090) $ (68,950) $ 216,316
============ ============ ============
NET INCOME (LOSS) PER COMMON SHARE:
Basic.............................. $ (0.15) $ (0.51) $ 1.69
============ ============ ============
Diluted............................ $ (0.15) $ (0.51) $ 1.57
============ ============ ============
Shares used in per share calculation:
Basic.............................. 140,453 135,126 127,680
Diluted............................ 140,453 135,126 137,698
See accompanying notes
F-3
Source: ADVANCED MICRO DEVIC, 10-K405, March 03, 1998