AMD 2003 Annual Report Download - page 24

Table of Contents
ITEM 6. SELECTED FINANCIAL DATA
Five Years Ended December 28, 2003
(Thousands except per share amounts)
2003(1) 2002 2001 2000 1999
Net Sales $ 3,519,168 $ 2,697,029 $ 3,891,754 $ 4,644,187 $ 2,857,604
Expenses:
Cost of sales 2,327,063 2,105,661 2,589,747 2,514,637 1,964,434
Research and development 852,075 816,114 650,930 641,799 635,786
Marketing, general and administrative 587,307 670,065 620,030 599,015 540,070
Restructuring and other special charges, net (13,893) 330,575 89,305 — 38,230
3,752,552 3,922,415 3,950,012 3,755,451 3,178,520
Operating income (loss) (233,384) (1,225,386) (58,258) 888,736 (320,916)
Gain on sale of Vantis — — — — 432,059
Gain on sale of Legerity — — — 336,899 —
Interest income and other, net 21,116 32,132 25,695 86,301 31,735
Interest expense (109,960) (71,349) (61,360) (60,037) (69,253)
Income (loss) before income taxes, minority interest, equity
in net income of joint venture and extraordinary item (322,228) (1,264,603) (93,923) 1,251,899 73,625
Minority interest in (income) loss of subsidiary 44,761 — — — —
Provision (benefit) for income taxes 2,936 44,586 (14,463) 256,868 167,350
Income (loss) before equity in net income of joint venture
and extraordinary item (280,403) (1,309,189) (79,460) 995,031 (93,725)
Equity in net income of joint venture 5,913 6,177 18,879 11,039 4,789
Income (loss) before extraordinary item (274,490) (1,303,012) (60,581) 1,006,070 (88,936)
Extraordinary item—debt retirement, net of tax benefit — — — (23,044) —
Net income (loss) $ (274,490) $ (1,303,012) $ (60,581) $ 983,026 $ (88,936)
Net income (loss) per share
Basic—income (loss) before extraordinary item $ (0.79) $ (3.81) $ (0.18) $ 3.25 $ (0.30)
Diluted—income (loss) before extraordinary item $ (0.79) $ (3.81) $ (0.18) $ 2.95 $ (0.30)
Basic—income (loss) after extraordinary item $ (0.79) $ (3.81) $ (0.18) $ 3.18 $ (0.30)
Diluted—income (loss) after extraordinary item $ (0.79) $ (3.81) $ (0.18) $ 2.89 $ (0.30)
Shares used in per share calculation
Basic 346,934 342,334 332,407 309,331 294,577
Diluted 346,934 342,334 332,407 350,000 294,577
Long-term debt, capital lease obligations and other, less
current portion $ 2,328,435 $ 1,892,404 $ 672,945 $ 1,167,973 $ 1,427,282
Total assets $7,094,345 $ 5,710,318 $ 5,647,242 $ 5,767,735 $ 4,377,698
(1) 2003 includes consolidated FASL LLC results and is not comparable to prior years.
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Source: ADVANCED MICRO DEVIC, 10-K, March 09, 2004