AMD 2013 Annual Report Download - page 117

Supplementary Financial Information
The Company uses a 52 or 53 week fiscal year ending on the last Saturday in December. All quarters of
2013 and 2012 consisted of 13 weeks.
(In millions, except per share amounts)
2013 2012
Dec. 28 Sep. 28 Jun. 29 Mar. 30 Dec. 29 Sep. 29 Jun. 30 Mar. 31
Net revenue .......................... $1,589 $1,461 $1,161 $1,088 $1,155 $1,269 $1,413 $1,585
Cost of sales (1) ....................... 1,036 940 702 643 977 877 775 1,558
Gross margin ......................... 553 521 459 445 178 392 638 27
Research and development .............. 293 288 308 312 313 328 345 368
Marketing, general and administrative ..... 169 155 171 179 193 188 212 230
Amortization of acquired intangible
assets .............................45454441
Restructuring and other special charges
(gains), net (2) ....................... — (22) 5 47 90 3 — 8
Legal settlements (4) .................... (48) ———————
Operating income (loss) ................ 135 95 (29) (98) (422) (131) 77 (580)
Interest income .......................11212222
Interest expense ....................... (44) (47) (42) (44) (45) (44) (43) (43)
Other income (expense), net ............. (2) 2 (2) (3) (4) 16 (5) (1)
Income (loss) before income taxes ........ 90 51 (71) (144) (469) (157) 31 (622)
Provision (benefit) for income taxes (3) .....13324— (6)(32)
Net income (loss) ..................... 89 48 (74) (146) (473) (157) 37 (590)
Net income (loss) per share
Basic ............................... $ 0.12 $ 0.06 $ (0.10) $ (0.19) $ (0.63) $ (0.21) $ 0.05 $ (0.80)
Diluted ............................. $ 0.12 $ 0.06 $ (0.10) $ (0.19) $ (0.63) $ (0.21) $ 0.05 $ (0.80)
Shares used in per share calculation
Basic ........................... 759 757 752 749 747 745 739 734
Diluted ......................... 766 764 752 749 747 745 755 734
(1) During the first quarter of 2012, the Company recorded a charge related to the limited waiver of exclusivity
from GF of $703 million. During the third quarter of 2012, the Company recorded a $100 million inventory
write-down as a result of lower than anticipated future demand for certain products, mainly first generation
A-Series APU products, codenamed “Llano.” During the fourth quarter of 2012, the Company recorded a
lower of cost or market charge of $273 million related to GF’s waiver of a portion of the Company’s wafer
purchase commitments for the fourth quarter of 2012.
(2) During the third quarter of 2013, the Company recorded a $17 million gain on sale of a light industrial
building in Singapore, and $5 million gain on sale of an office building in Austin, Texas. In the second
quarter of 2013, the Company incurred costs of $11 million related to facility consolidation and site
closures, partially offset by the release of employee severance costs of $5 million. During the first quarter of
2013, the Company recorded a $52 million charge on sale of land and office buildings in Austin, Texas and
a $6 million gain on sale of an office building in Markham, Ontario, Canada. During the fourth quarter of
2012, the Company implemented restructuring plans and incurred net restructuring charges of $90 million,
which primarily included severance and related employee benefits.
(3) During the first quarter of 2012, the Company recorded an income tax provision benefit of $32 million
relating to the SeaMicro acquisition.
(4) During the fourth quarter of 2013, the Company entered into licenses and settlements regarding patent-
related matters, for which we received in aggregate $48 million in net cash, which the Company recorded as
gain in operating expense.
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