AMD 2003 Annual Report Download - page 63

Table of Contents
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Consolidated Statements of Operations
Three Years Ended December 28, 2003
2003 2002 2001
(Thousands except per share amounts)
Net sales $ 3,070,228 $ 2,697,029 $ 3,891,754
Net sales to related party (see Note 3) 448,940 — —
Total net sales 3,519,168 2,697,029 3,891,754
Expenses:
Cost of sales 2,327,063 2,105,661 2,589,747
Research and development 852,075 816,114 650,930
Marketing, general and administrative 587,307 670,065 620,030
Restructuring and other special charges, net (13,893) 330,575 89,305
3,752,552 3,922,415 3,950,012
Operating loss (233,384) (1,225,386) (58,258)
Interest income and other, net 21,116 32,132 25,695
Interest expense (109,960) (71,349) (61,360)
Loss before minority interest, income taxes, and equity in net income of Manufacturing Joint
Venture (322,228) (1,264,603) (93,923)
Minority interest in loss of subsidiary 44,761 — —
Loss before income taxes and equity in net income of Manufacturing Joint Venture (277,467) (1,264,603) (93,923)
Provision (benefit) for income taxes 2,936 44,586 (14,463)
Loss before equity in net income of Manufacturing Joint Venture (280,403) (1,309,189) (79,460)
Equity in net income of Manufacturing Joint Venture 5,913 6,177 18,879
Net loss (274,490) $ (1,303,012) $ (60,581)
Net loss per common share:
Basic $ (0.79) $ (3.81) $ (0.18)
Diluted $ (0.79) $ (3.81) $ (0.18)
Shares used in per share calculations:
Basic 346,934 342,334 332,407
Diluted 346,934 342,334 332,407
See accompanying notes
58
Source: ADVANCED MICRO DEVIC, 10-K, March 09, 2004