AMD 2009 Annual Report Download - page 48

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ITEM 6. SELECTED FINANCIAL DATA
Five Years Ended December 26, 2009
(In millions except per share amounts)
2009(1)(2) 2008(1)(2) 2007(1)(2) 2006(1)(2) 2005(1)(2)
Net revenue .................................... $5,403 $ 5,808 $ 5,858 $ 5,627 $5,848
Cost of sales ................................... 3,131 3,488 3,669 2,833 3,456
Gross margin ................................... 2,272 2,320 2,189 2,794 2,392
Research and development ........................ 1,721 1,848 1,771 1,190 1,144
Marketing, general and administrative ............... 994 1,304 1,360 1,138 1,016
In-process research and development ................ — — — 416 —
Legal settlement(3) ............................... (1,242) — — — —
Amortization of acquired intangible assets and
integration charges ............................ 70 137 236 67 —
Impairment of goodwill and acquired intangible assets . . — 1,089 1,132 — —
Restructuring charges ............................ 65 90 — — —
Gain on sale of 200 millimeter equipment ............ — (193) — — —
Operating income (loss) .......................... 664 (1,955) (2,310) (17) 232
Interest income ................................. 16 39 73 116 37
Interest expense(4) ............................... (438) (391) (382) (126) (105)
Other income (expense), net(5) ...................... 166 (37) (118) (13) (134)
Income (loss) before equity in net income (loss) of
investees and income taxes ...................... 408 (2,344) (2,737) (40) 30
Equity in net income (loss) of investees(5) ............ — — (44) (45) 3
Provision (benefit) for income taxes(6) ............... 112 68 27 23 (7)
Income (loss) from continuing operations ............ 296 (2,412) (2,808) (108) 40
Income (loss) from discontinued operations, net of
tax(7) ........................................ (3) (684) (551) (30) —
Net income (loss) ............................... 293 (3,096) (3,359) (138) 40
Net (income) loss attributable to noncontrolling
interest(8) .................................... 83 (33) (35) (28) 125
Class B preferred accretion(9) ...................... (72) — — — —
Net income (loss) attributable to AMD common
stockholders .................................. $ 304 $(3,129) $ (3,394) $ (166) $ 165
Net income (loss) attributable to AMD common
stockholders per common share
Basic
Continuing operations .......................... $ 0.46 $ (4.03) $ (5.09) $ (0.28) $ 0.41
Discontinued operations ........................ — (1.12) (0.99) (0.06) —
Basic net income (loss) attributable to AMD common
stockholders per common share .................. $ 0.46 $ (5.15) $ (6.08) $ (0.34) $ 0.41
Diluted
Continuing operations .......................... $ 0.45 $ (4.03) $ (5.09) $ (0.28) $ 0.37
Discontinued operations ........................ — (1.12) (0.99) (0.06) —
Diluted net income (loss) attributable to AMD common
stockholders per common share .................. $ 0.45 $ (5.15) $ (6.08) $ (0.34) $ 0.37
Shares used in per share calculation
Basic ....................................... 673 607 558 492 400
Diluted ...................................... 678 607 558 492 441
Long-term debt, capital lease obligations and other, less
current portion and other long term liabilities ........ $4,947 $ 5,059 $ 5,421 $ 4,189 $1,786
Total assets(10) .................................. $9,078 $ 7,672 $11,547 $13,147 $7,288
40