AMD 2011 Annual Report Download - page 43

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ITEM 6. SELECTED FINANCIAL DATA
Five Years Ended December 31, 2011
(In millions except per share amounts)
2011(1) 2010(1) 2009(1) 2008(1) 2007(1)
Net revenue .......................................... $6,568 $6,494 $5,403 $ 5,808 $ 5,858
Income (loss) from continuing operations(2)(3)(4)(5) ............ 495 471 296 (2,412) (2,808)
Loss from discontinued operations, net of tax(6) .............. (4) — (3) (684) (551)
Net income (loss) attributable to AMD common stockholders . . $ 491 $ 471 $ 304 $(3,129) $ (3,394)
Net income (loss) attributable to AMD common stockholders
per common share
Basic
Continuing operations .............................. $ 0.68 $ 0.66 $ 0.46 $ (4.03) $ (5.09)
Discontinued operations ............................ (0.01) — — (1.12) (0.99)
Basic net income (loss) attributable to AMD common
stockholders per common share ........................ $ 0.68 $ 0.66 $ 0.46 $ (5.15) $ (6.08)
Diluted
Continuing operations .............................. $ 0.67 $ 0.64 $ 0.45 $ (4.03) $ (5.09)
Discontinued operations ............................ (0.01) — — (1.12) (0.99)
Diluted net income (loss) attributable to AMD common
stockholders per common share ........................ $ 0.66 $ 0.64 $ 0.45 $ (5.15) $ (6.08)
Shares used in per share calculation
Basic ........................................... 727 711 673 607 558
Diluted .......................................... 742 733 678 607 558
Long-term debt, capital lease obligations, less current portion,
and other long term liabilities(7) ........................ $1,590 $2,270 $4,947 $ 5,059 $ 5,421
Total assets(8) ......................................... $4,954 $4,964 $9,078 $ 7,672 $11,547
(1) 2011 consisted of 53 weeks, whereas 2010, 2009, 2008 and 2007 consisted of 52 weeks.
(2) In 2007 and 2008, we recorded pre-tax goodwill impairment charges of $1,132 million and $1,089 million.
(3) In 2009, we entered into a comprehensive settlement agreement with Intel. Pursuant to the settlement
agreement, Intel paid us $1,250 million and we recorded a $1,242 million gain, net of certain expenses in
2009. In 2010, we entered into a settlement agreement with Samsung. Pursuant to the settlement agreement,
Samsung agreed to pay us $283 million, net of withholding taxes. We recorded this amount as a gain in
2010.
(4) During 2010, we deconsolidated GF and began to account for our ownership interest in GF under the equity
method of accounting. We recorded a one-time, non-cash gain of $325 million on deconsolidation of GF
and a loss of $462 million for our share of GF’s operating results in 2010. During 2011, we changed the
method of accounting for our investment in GF from the equity method to the cost method of accounting. As
a result of the change, we recognized a non-cash gain of approximately $492 million, net of certain
transaction related charges. During the fourth quarter of 2011, we recorded a non-cash impairment charge of
approximately $209 million related to our investment in GF.
(5) In 2011 and 2008, we implemented restructuring plans and incurred net restructuring charges of $98 million
and $90 million, respectively, which primarily were comprised of severance and costs related to the
continuation of certain employee benefits, contract or program termination costs and asset impairments.
(6) During 2008, we decided to divest our Digital Television business and classified it as discontinued
operations and recorded related losses. 2007 has been recast to conform to this presentation. Also in 2008,
we sold our Digital Television business to Broadcom Corporation for $141.5 million. In 2011, we recorded
a charge of $4 million in connection with a payment to Broadcom related to this asset sale.
(7) Total long-term debt, capital lease obligations, less current portion, and other long term liabilities decreased
by $680 million from 2010 to 2011, primarily due to the repurchase of $200 million principal amount of our
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