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ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
Advanced Micro Devices, Inc.
Consolidated Statements of Operations
Year Ended
December 28,
2013
December 29,
2012
December 31,
2011
(In millions, except per share amounts)
Net revenue ............................................... $5,299 $ 5,422 $6,568
Cost of sales .............................................. 3,321 4,187 3,628
Gross margin .............................................. 1,978 1,235 2,940
Research and development ................................... 1,201 1,354 1,453
Marketing, general and administrative .......................... 674 823 992
Amortization of acquired intangible assets ....................... 18 14 29
Restructuring and other special charges, net ...................... 30 100 98
Legal settlements, net ....................................... (48) — —
Operating income (loss) ..................................... 103 (1,056) 368
Interest income ............................................ 5 8 10
Interest expense ............................................ (177) (175) (180)
Other income (expense), net .................................. (5) 6 (199)
Loss before dilution gain in investees and income taxes ............ (74) (1,217) (1)
Provision (benefit) for income taxes ............................ 9 (34) (4)
Dilution gain in investee ..................................... — — 492
Income (loss) from continuing operations ....................... (83) (1,183) 495
Loss from discontinued operations, net of tax .................... — — (4)
Net income (loss) .......................................... $ (83) $(1,183) $ 491
Net income (loss) per share
Basic
Continuing operations ....................................... $(0.11) $ (1.60) $ 0.68
Discontinued operations ..................................... — — (0.01)
Basic net income (loss) per share .............................. $(0.11) $ (1.60) $ 0.68
Diluted
Continuing operations ....................................... $(0.11) $ (1.60) $ 0.67
Discontinued operations ..................................... — — (0.01)
Diluted net income (loss) per share ............................. $(0.11) $ (1.60) $ 0.66
Shares used in per share calculation
Basic .................................................... 754 741 727
Diluted ................................................... 754 741 742
See accompanying notes to consolidated financial statements.
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