AMD 2014 Annual Report Download - page 114

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Supplementary Financial Information (unaudited)
The Company uses a 52 or 53 week fiscal year ending on the last Saturday in December. All quarters of
2014 and 2013 consisted of 13 weeks.
(In millions, except per share amounts)
2014 2013
Dec. 27 Sep. 27 Jun. 28 Mar. 29 Dec. 28 Sep. 28 Jun. 29 Mar. 30
Net revenue .......................... $1,239 $1,429 $1,441 $1,397 $1,589 $1,461 $1,161 $1,088
Cost of sales (1) ....................... 879 935 943 910 1,036 940 702 643
Gross margin ......................... 360 494 498 487 553 521 459 445
Research and development .............. 238 278 277 279 293 288 308 312
Marketing, general and administrative ..... 144 150 154 156 169 155 171 179
Amortization of acquired intangible
assets .............................43434545
Restructuring and other special charges
(gains), net (2) ....................... 71 ———— (22) 5 47
Goodwill impairment charge (3) ........... 233 ———————
Legal settlements (4) .................... ———— (48) — — —
Operating income (loss) ................ (330) 63 63 49 135 95 (29) (98)
Interest income ....................... 1 1 — 11121
Interest expense ....................... (41) (43) (46) (47) (44) (47) (42) (44)
Other income (expense), net ............. 3 (2) (49) (21) (2) 2 (2) (3)
Income (loss) before income taxes ........ (367) 19 (32) (18) 90 51 (71) (144)
Provision (benefit) for income taxes ....... (3) 2421332
Net income (loss) ..................... (364) 17 (36) (20) 89 48 (74) (146)
Net income (loss) per share
Basic ............................... $(0.47) $ 0.02 $ (0.05) $ (0.03) $ 0.12 $ 0.06 $ (0.10) $ (0.19)
Diluted ............................. $(0.47) $ 0.02 $ (0.05) $ (0.03) $ 0.12 $ 0.06 $ (0.10) $ (0.19)
Shares used in per share calculation
Basic ........................... 776 770 764 761 759 757 752 749
Diluted ......................... 776 785 764 761 766 764 752 749
(1) During the fourth quarter of 2014, the Company recorded a lower of cost or market charge of $58 million
related to our second-generation APU products.
(2) During the fourth quarter of 2014, the Company implemented restructuring plans and incurred net
restructuring and other special charges of $71 million, which primarily included severance and related
employee benefits. 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.
(3) During the fourth quarter of 2014, the Company recorded a goodwill impairment charge of $233 million
relating to its Computing and Graphics segment.
(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
in operating expense.
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